Lowe’s shares jump in premarket trading, same-store sales exceed expectations

May 20, 2020 1:26 pm
After Lowe’s has reported same-store sales that surpassed everyone’s expectations, the company’s stock jumped 6.1% in premarket trading Wednesday. Surveys show that analysts predicted that the earnings per share will be around $1.32, while the actual gain is estimated to be $1.77 per share. Meanwhile, the expected revenue of the company was $18.32 billion but […] Read more

Expedia stock drops after its biggest single-day percentage gain since 2012

May 19, 2020 1:48 pm
Expedia Group Inc’s stock jumped 20% in Monday trading, marking the company’s biggest percentage gain in a single day ever since July 27, 2012. Unfortunately, this climb lasted only a day since, on Tuesday, the company’s stock dropped more than 2% in premarket trading. The Jefferies analyst, Brent Thill, has decided to change his ratings […] Read more

Thyssenkrupp shares jump after talks with rivals for consolidating steel business

May 19, 2020 11:56 am
The German mega-conglomerate Thyssenkrupp is planning to slim down its business drastically in an attempt to cut down losses from the global coronavirus pandemic. Several conversations have revealed that the company is planning to sell some of its steel assets as it is struggling to handle the negative impact of COVID-19 on the business. Thyssenkrupp’s […] Read more

Pfizer shares fall for a second straight session on Wednesday, company plans to expand human trials of experimental COVID-19 vaccine

May 14, 2020 9:44 am
While presently testing four different coronavirus vaccine variations, Pfizer Inc (PFE) intends to expand human trials of its experimental COVID-19 vaccine to thousands of test patients by September. Last week the drug maker injected doses of its potential BNT162 vaccine into the first human participants in the United States. Pfizer said it expected to test […] Read more