Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to [...]
Yesterday in Thursday’s trading session, Peloton (PTON) announced a new partnership with TikTok, sending shares 9% higher. The stock picked right back up in Friday morning’s trading session and has climbed more than 15% so far. Peloton will get its own “Hub” on TikTok, and it will be referred to as “#TikTokFitness Powered by [...]
On Wednesday (December 27), Mullen Automotive (MULN) announced that it had delivered its latest batch of EV vehicles to Randy Marion Automotive Group (RMA). Mullen Automotive will earn $3,969,000 for the delivery. This delivery consisted of 63 Class C vehicles and was part of a larger order from earlier this year. RMA originally ordered [...]
Apple’s accolades are endless, but its recent legal trouble hurt the stock’s performance despite its far-reaching influence. The company is the first to hit a $3 trillion valuation, it provides endless tech options for consumers, and also owns the title of 2023’s largest company globally. But success didn’t stop the company’s stock (AAPL) from [...]
Nio (NIO) revealed a new vehicle design yesterday that left a lasting impression, sending shares more than 11% higher at one point after the long holiday weekend. The stock has experienced a slight correction in this morning’s trading session, as it’s down more than 3% so far. The ET9 as it has been called [...]
Carnival (CCL) got a nice 2% bump to start Friday’s trading session before ultimately falling a bit below its opening price. Nevertheless, the stock is up 3% in the past week as the company delivered upbeat earnings for the fiscal fourth quarter. While Carnival still posted a loss of 7 cents, analysts were forecasting [...]
Lowe’s (LOW) slipped a little over 1% in Wednesday's trading session after delivering disappointing Q3 earnings followed by a reduced guidance for the year ahead. While the home improvement retailer did exceed the earnings expectation with $3.06/share compared to the $3.02/share consensus, a cinch in consumer spending is becoming more and more apparent. The [...]
Shares of Nio Inc. (NIO) started Monday morning on a solid note, gaining 8% in pre-market trading before settling at around a 5% gain when the market opened. This came after the electric vehicle manufacturer released a statement that it had received a $2.2 billion investment. The cash infusion came from Abu Dhabi investor [...]
Shares of Macy’s (M) are up 20% so far to start the week as the company is reportedly reviewing a $5.8 billion buyout offer. Shares have now surged more than 86% in the past month. A source close to the matter says the offer comes from two investors, real estate investor Arkhouse Management and [...]
Chewy (CHWY) fell more than 11% this morning after the online pet supply store delivered third-quarter earnings with a mixed bag of results. While revenue lagged, an earnings beat was a positive surprise. The company reported revenue of $2.74 billion, a slight improvement year over year compared to the $2.53 billion reported in 2022. [...]
