June 11, 2020 7:53 am
Wednesday was a mixed day for US stocks with some companies gaining and others losing points. One of the top performers was Microsoft Corporation, with shares jumping 3.71% or 7.04 points to trade at 196.84 at the close of the trading session. On Wednesday, the company’s shares rose to a record high, surpassing $1.5 trillion. […]
Read moreJune 10, 2020 2:45 pm
Shares in Five Below gained over 11% in premarket Wednesday trading, making the company one of the top performers before the start of the trading session. Even though the company announced huge first-quarter losses, investors believe that Five Below may start recovering soon. For the first quarter of 2020, Five Below reported non-GAAP earnings of […]
Read moreJune 10, 2020 12:56 pm
European stocks opened higher on Wednesday, with most investors showing interest in the banking sector. Meanwhile, the shares of the fashion giant Inditex were trading flat at the beginning of the Wednesday session. The reason for that was the company’s first-quarter earnings report. The Spanish fashion giant reported a net loss of €409 million ($465 […]
Read moreJune 10, 2020 9:44 am
While US stocks were mixed on Tuesday, one of the worst performers was AMC Entertainment Holdings. The shares of the movie theater company dropped 7% on Tuesday after it announced its first-quarter earnings. The net losses that the company reported for the first quarter of 2020 amounted to $2.2 billion. Due to the global pandemic […]
Read moreJune 10, 2020 7:53 am
Among the US stocks, the Technology sector was one of the well-performing sectors on Tuesday. The biggest jump was for Apple’s stock, which closed 3.16% or 10.53 points. As businesses started resuming their usual activities, investors felt hopeful for the recovery of the economy. Apple announced a new trade-in program for its customers who will […]
Read moreJune 9, 2020 2:52 pm
Despite the strong beginning of the week on Monday, US stocks were lower in premarket Tuesday trading. Even though airline stocks gave investors hopes for economic recovery after resuming flights, Delta Air Lines declined more than 6% in premarket trading. These results came after the massive gains on Monday, prompted by the reopening of businesses […]
Read moreJune 9, 2020 12:53 pm
BP’s stock declined 1.1% in Tuesday trading after the oil company announced its plan to lay off 10,000 employees worldwide. The company reached this decision after the global demand for crude dropped during the pandemic crisis. Even though BP paused redundancies during the peak of the pandemic, on Monday, the company announced that it will […]
Read moreJune 9, 2020 10:04 am
European shares traded lower on Tuesday, with the STOXX Europe 600 Index declining 0.3% in the early trading session. One of the worst performers was British American Tobacco since its shares dropped 2.8%. The reason for the decline was the company’s adjusted forecast for a lower revenue due to the lockdowns during the pandemic. The […]
Read moreJune 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 […]
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