Tag: Marketwatch
Alcoa AA, -16.94% shares on Friday fell 0.7% in premarket trades as the stock extended a big loss of 16.9% in regular trades on Thursday. Citigroup analyst Alexander Hacking on Thursday downgraded Alcoa to neutral from buy and kept his target price at $84 a share. “Alcoa seems fairly valued against this backdrop pricing in […]
The U.S.-listed shares of Autoliv Inc. ALV, -0.21% dove 6.8% in premarket trading Friday, after Sweden-based the automotive safety systems maker report a first-quarter profit that fell well below expectations and cut its full-year outlook, citing the negative impact of increased cost inflation on an already distressed supply chain. Net income fell to $83 million, […]
Cathie Wood’s ARK Invest sold nearly $100 million worth of Tesla TSLA, +3.23% shares after the electric vehicle maker’s well-received first-quarter results. The flagship ARK Innovation ETF ARKK, -4.97% sold $70 million worth of Tesla stock. Tesla is still the top holding of the ARK Innovation ETF, representing some 10% of the portfolio, and it’s […]
Shares of Coinbase Global Inc. COIN, -6.67% sank 7.2% in afternoon trading Thursday toward yet another record low, after J.P. Morgan analyst Kenneth Worthington cut his stock price target by about 31%, citing lower crypto prices and “notably” lower volume that previously forecast. The crypto-trading platform’s stock reversed an earlier gain of as much as […]
Canada Goose Holdings Inc. GOOS, -0.51% announced on Thursday the launch of an eco-friendly fabric, Kind Fleece, which the luxury outerwear company developed as part of its sustainability commitment. Kind Fleece is made from recycled wool, a plant-based polymer called Sorona Polymer, and a biodegradable fiber made from wood. Kind Fleece is launching with four […]
Shares of Walt Disney Co. DIS, -2.34% slumped 2.3% in afternoon trading, putting them on track for the lowest close in 17 months, after Florida lawmakers reportedly approved a bill to end a special tax district allowing the media and entertainment giant to govern the land housing its theme parks. Also weighing on Disney’s stock […]
Xponential Fitness Inc. XPOF, +1.78% announced Thursday that it has partnered with Lululemon Athletica Inc. LULU, -2.11% to create fitness programming for Lululemon’s Mirror at-home fitness system. Four of Xponential’s brands will provide content for the latest Mirror product, which will be out in the fall: AKT, a dance-based cardio program; Pure Barre, a ballet […]
Shares of PPG Industries Inc. PPG, +1.10% rose 2% in the extended session Thursday after the paint and coatings maker reported first-quarter profit and sales above Wall Street expectations and said it will increase prices again to fend off rising prices for raw materials and other costs increases. PPG said it earned $18 million, or […]
Stocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average DJIA, -1.05% fell around 369 points, or 1%, to finish near 34,792, according to preliminary figures, while the S&P 500 SPX, -1.48% dropped 1.5% and the Nasdaq Composite COMP, -2.07% tumbled 2.1%. The yield […]
U.S. oil prices finished with a gain Thursday, finding support from reports that the European Union is working on a plan to phase out oil imports from Russia. U.S. Treasury Secretary Janet Yellen on Thursday said during a press conference that it was essential for the EU to end its dependence on Russian energy, but […]