Latest Market News
Shares of Peloton Interactive Inc. PTON, -2.59% dropped 2.8% in afternoon trading Tuesday, putting them on track for the lowest close since May 4, 2020, after Raymond James analyst Aaron Kessler said he’s seen signs of “continued softness” in the December quarter. The at-home fitness company’s stock has plummeted 58.5% since it reported after the […]
Major cryptocurrencies tumbled amid concerns about the omicron variant and holiday travel disruptions around the globe. Bitcoin BTCUSD, -6.20% traded 7.4% lower from 24 hours ago at around $47,849. The cryptocurrency was down more than 30% from its all-time high of $68,990 in November, according to CoinDesk data. Ether ETHUSD, -6.27% declined 7.6% over the […]
Shares of Tesla Inc. TSLA, -0.68% slipped 0.2% in midday trading Tuesday, paring earlier gains of as much as 2.3%, and putting them in danger of their first loss in five sessions. Meanwhile, Argus Research analyst Bill Selesky affirmed his buy rating and boosted his stock price target by 30%, to $1,313 from $1,010, citing […]
Shares of GoDaddy Inc. GDDY, +0.06% shot up 8.1% toward a near five-month high in morning trading Monday, after The Wall Street Journal reported that hedge fund Starboard Value LP has acquired a 6.5% stake in the company. The domain name registration company’s stock has run up 17.6% amid a six-day win streak, putting it […]
Shares of Alibaba Group Holding Ltd. BABA, -1.09% rose 0.8% in morning trading Monday, after China’s securities regulator’s draft rules on overseas listings released over the long weekend OK’d the listing structure known as variable-interest entity (VIE) used by the e-commerce giant to list its shares on the NYSE. Alibaba’s stock has now rallied 6.8% […]
Sorrento Therapeutics Inc. SRNE, -9.70% said Monday that “initial” laboratory testing of its Covistix COVID-19 virus rapid antigen detection test “significantly outperforms” in the detection of the omicron variant. The stock slipped 1.1% in morning trading. The company said Covistix, which is currently approved in Mexico and Brazil and is CE marked in Europe, was […]