June 8, 2020 2:40 pm
Hertz’s stock rose 25% in Monday premarket trading, continuing the company’s jump from the previous week. Investors predict that the stock will open higher than its closing price of $2.84 on May 22. This was the trading session after which Hertz Global Holdings Inc. announced its bankruptcy. Last week, the car rental company’s stock rose […]
Read moreJune 8, 2020 9:55 am
While investors continued hoping for economic recovery, the European stocks traded slightly lower on Monday. The Stoxx Europe 600, which reached 2.5% on Friday, was down 0.4% in Monday trading. This being said, UBI Banca’s shares surged 2.8%, following the news of Intensa Sanpaolo acquiring a major stake in the banking group. On Friday, it […]
Read moreJune 5, 2020 1:48 pm
One of the stocks expected to be under the spotlight in Friday trading is Gap. The clothing and accessories retailer announced record first-quarter losses due to the shutdown period during the coronavirus pandemic. This led to the company’s stock declining 4% in premarket trading. Gap reported a $932 million loss for the first quarter of […]
Read moreJune 5, 2020 8:56 am
American Airlines’ stock closed higher on Thursday, with shares gaining 41.25%. There was also an increase in the shares of other US airlines as investors moved from the stocks benefitting from the pandemic to companies that will begin their economic recovery. American Airlines’ shares enjoyed a record gain on Thursday after the company announced its […]
Read moreJune 4, 2020 2:46 pm
The multinational e-commerce corporation, eBay, enjoyed an 8.8% jump in shares in premarket trading Thursday. The surge in the company’s stock came after eBay announced a quarterly performance exceeding expectations. Due to the increase in sales, the eBay predicts adjusted earnings ranging between $1.02 and $1.06 per share. If this forecast turns out to be […]
Read moreJune 4, 2020 10:08 am
Investors were cautious in Thursday trading, with European stocks declining after the recent decision of the European Central Bank. The Stoxx Europe 600 dipped 0.5% as it was announced that the €750 billion Pandemic Emergency Purchase Program of the European Central Bank is expected to be expanded. This decision was provoked by the concerns of […]
Read moreJune 3, 2020 2:35 pm
The ridesharing company Lyft was among the stocks that rose in premarket trading Wednesday. With the interest in the company rising, Lyft’s stock was up 5.7% before the start of the trading session. Investors felt motivated after the company reported a 26% boost in rides during May. The jump in rides shows that the company’s […]
Read moreJune 3, 2020 9:50 am
On Wednesday, European stocks rose as hopes for economic recovery increased due to the progress in the Chinese services sector. This made investors believe that the tension between China and the US may not be as damaging as everyone feared. Renault is also among the top European stocks soaring on Wednesday. The carmaker’s shares surged […]
Read moreJune 2, 2020 2:41 pm
Investors remained hopeful for US stocks, which were expected to open higher on Tuesday. Despite the civil unrest in different parts of the US, futures for the Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq-100 were higher in premarket trading. Pfizer is among the stocks that investors will keep an eye out […]
Read moreJune 2, 2020 9:51 am
Shinsei shares increased 2.04% in Tuesday trading, following the banking company’s statement for a major acquisition. The Japanese financial institution announced that it will acquire one of the biggest non-bank finance providers in New Zealand, UDC Finance Ltd. To this day, this will be the biggest overseas acquisition deal for Shinsei. The Japanese company is […]
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