Check out the companies making headlines in premarket trading. Zynex, Coherus BioSciences, Universal Insurance Holdings — Coherus, Zynex and Universal Insurance stock fell on news from S&P 500 Dow Jones indices that the stocks would be moving within smallcap indexes. Coherus is leaving the Midcap 400 for the midcap 600, while Universal Insurance is leaving …
Traders on the floor of the NYSE, August 29, 2023. Source: NYSE The drought in the IPO market could be near an end, according to Alan Waxman, the CEO and co-founder of Sixth Street, a big investor managing over $70 billion. Waxman believes that we are currently in the seventh inning of the downturn in …
Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
Instacart, the innovative grocery delivery company, has officially filed its paperwork to go public on the Nasdaq under the ticker symbol “CART.” This move marks the first significant venture-backed tech IPO since December 2021. In its prospectus, Instacart revealed that it generated $114 million in net income and achieved $716 million in revenue in the …
According to a recent survey commissioned by Expedia Group, travelers spend an average of over five hours and review 141 pages of content while researching a trip. For Americans, it’s even more extensive at a staggering 277 pages, and this is just in the final 45 days before departure. However, generative artificial intelligence (AI) is …
Here are some companies that are making headlines in midday trading: 1. Amazon: The e-commerce giant saw a 10% surge in its stock after delivering a massive profit beat and positive guidance. Both its cloud and ad businesses also reported better-than-expected revenue for the quarter. 2. Apple: The big tech stock slipped 3% as it …
Sheldon Cooper | Lightrocket | Getty Images Discover the noteworthy companies generating buzz in after-hours trading. Amazon — The e-commerce giant saw a surge of over 7% in extended trading after delivering robust second-quarter results and providing optimistic revenue guidance for the current period. Amazon exceeded analysts’ expectations, reporting earnings of 65 cents per share, …
Airbnb experienced a decline in shares, with a 6% drop during extended trading on Thursday. This was in response to the company reporting a lower number of nights and experiences booked in the second quarter, falling short of analyst projections. Despite this, Airbnb’s earnings per share exceeded expectations at 98 cents compared to the projected …
Living in a Barbie Dreamhouse may seem like an extravagant and expensive fantasy, especially when it comes to housing. Take, for instance, Airbnb’s life-size Barbie Dreamhouse rental in Malibu, a stunning pink mansion adorned with Barbie-themed decor. Although the listing is currently unavailable for bookings, fortunate guests who were able to secure a stay had …
Cillian Murphy in Oppenheimer and Margot Robbie as Barbie Julien De Rosa | AFP | Getty Images; Stuart C. Wilson | Getty Images This weekend, the box office is presenting a unique combination of atomic bombs and blonde bombshells. When two major movies from different studios are released simultaneously, it’s typically a battle for ticket …