June 9, 2020 8:03 am
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 moreJune 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 12:58 pm
On Saturday, OPEC+ announced that it will extend the deal on record output cuts and this led to a jump in the price of crude oil. As a result, the shares of Royal Dutch Shell gained over 3% in Monday trading. The extension of the cut of around 10 million barrels of oil was a […]
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 8, 2020 7:57 am
Samsung’s stock traded lower on Monday, with shares declining 1.08%, or 600 won, at 54,900 won. The company was recently shaken up by the graft and corruption allegations against the Samsung Group heir. On Monday, the billionaire, Jay Y. Lee, appeared in court for a hearing that will determine whether the company’s heir will serve […]
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 12:10 pm
The BASF shares continued to rise in Friday trading after the company became the biggest beneficiary of the emergency funding from the Bank of England. On Thursday, the central bank announced the companies that will be able to benefit from the Covid Corporate Financing Facility funding. Among the different airlines, retailers and carmakers, the German […]
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 5, 2020 7:00 am
Slack Technologies’ stock closed lower in Thursday trading, with shares declining 3%. The dip in the stock preceded the company’s quarterly report. This put on hold Slack Technologies’ three-month high, which was caused by the increased number of people working from home during the pandemic. Due to the huge interest in companies that thrived during […]
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 […]
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