Articles by: Michael Fisher

Tesla stock closes higher as Model 3 sales increase in China

Tesla’s stock gained 5.4%, or $933.44 a share in Monday trading, marking a record high for the electric carmaker. The jump in shares followed the news of increased sales of Tesla’s Model 3 vehicle in China last month. Compared to the results for April of 3,635 sold vehicles, the sales in May almost tripled, with […] Read more

Hertz shares surge in premarket trading despite company filing for bankruptcy in US

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 more

UBI Banca shares jump, Intesa Sanpaolo to become major shareholder

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 more

Gap stock drops in premarket after disappointing first-quarter results

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 more

American Airlines shares close higher after plans for increasing domestic flights in July

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 more

eBay stock jumps in premarket trading after revenue report

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 more

Remy Cointreau shares jump after expectations for a strong second half of 2020

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 more

Lyft shares rise in premarket trading after 26% increase in rides

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 more

Renault shares jump after finalization of €5 billion loan

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 more

Pfizer shares rise in premarket trading after $500 million investment plans

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 more