By Leslie N. Masonson, MBA Robinhood Markets, Inc., ( HOOD: Nasdaq) based in Menlo Park, California, and incorporated in 2013, is a very popular trading app and former favorite pandemic meme stock that skyrocketed to $85 in August 2021, before cratering to $6.81 on June 16, 2022, a monstrous decline of 92%. Very few [...]
Shares of Peloton stock (PTON) have been on a steady ride to the bottom, and things just got a whole lot worse. The company voluntarily recalled a whopping 2 million+ bikes on Thursday. This news sent shares tumbling 9% in the past two days, putting more downward pressure on what was already a negative [...]
While Airbnb (ABNB) reported an impressive 1st quarter earnings report after the market closed Tuesday. Revenue and EPS both beat analyst estimates. But, a negative outlook for the current quarter and the remainder of 2023 had the market in a frenzy - sending shares more than 13% lower in Wednesday’s trading session yesterday. This [...]
Fiserv, Inc. (FISV: Nasdaq), a financial services company headquartered in Brookfield, Wisconsin, has been steadily approaching the upper range of its trading levels, a range that was initially reached on March 4, 2020, when the stock hit $123.89. This approximate level has been revisited twice more since then, first on April 26, 2021, at [...]
PayPal (PYPL) delivered first-quarter earnings on Monday after the market closed. The market responded Tuesday by sending shares off a cliff, as the company has lost more than 10% since. This reaction has many perplexed as the earnings report was mostly positive. PayPal saw a 10% growth in total payment volume year over year [...]
As more and more companies dive into the world of AI and attempt to capitalize on the hype, Snowflake (SNOW) is the latest to receive a bump. The stock is up more than 13% in the past week, and is still climbing today - up nearly 2% in Tuesday’s trading session. On Monday, Brad [...]
One of today’s biggest movers in Monday morning’s trading session is cybersecurity company Zscaler (ZS). The stock has climbed more than 22% after raising guidance and resetting expectations for the fiscal third-quarter earnings report. This came as a result of a dramatic increase in revenue expectations. Previously, Zscaler was looking to produce revenue somewhere [...]
Icahn Enterprises (IEP) has had an interesting week, as the stock is currently up 20% in today’s trading session Friday. But, the stock tanked more than 45% earlier in the week. This came after the company was the latest victim to be targeted by Hindenburg - a short seller with a history of releasing [...]
Shopify (SHOP) investors were delighted to witness a 27%+ jump in stock price this morning. But, those who have been invested in the company for a while are even more excited about the long-term outlook for the company, as the news that got us here today is that Shopify announced the sale of its [...]
This morning, Unity (U) released a statement announcing its plans to slash the workforce by about 8% - doing away with 600 jobs. This is part of a larger restructuring effort, as the video game software developer is working hard to achieve long-term, profitable growth. The company is rethinking the structure of specific teams [...]
