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Tag: sinks

J.M. Smucker stock jumps toward 6-year high after profit and sales beat expectations and outlook raised

Tesla stock sinks toward 2 1/2-year low after China price cuts, dragging Nio, XPeng and Li down with it

By adminPosted on January 6, 2023

Shares of Tesla Inc. TSLA, -2.90% took a dive in premarket trading Friday, after the electric vehicle maker cut prices in China again, which also weighed heavily on rival China-based Read more

Philadelphia Fed's manufacturing gauge sinks further in November

Philadelphia Fed’s manufacturing gauge sinks further in November

By adminPosted on November 17, 2022

The numbers: The Philadelphia Federal Reserve said Thursday that its gauge of regional business activity sank to negative 19.4 in November from negative 8.7 in the prior month. Any reading Read more

Roblox stock drops as Wall Street sees a 'Pandora's box of problems'

Roblox stock sinks after earnings as losses swell

By adminPosted on November 9, 2022

Roblox Corp. shares were tumbling in premarket activity Wednesday after the youth-centric virtual-world platform posted a wider loss than analysts were anticipating for the latest quarter. Roblox RBLX, -1.71% shares Read more

Hacker leaks dozens of 'Grand Theft Auto VI' gameplay videos

Take-Two stock sinks as analysts walk off mobile weakness, focus on pipeline

By adminPosted on November 8, 2022

Take-Two Interactive Software Inc. shares fell double-digits Tuesday after Wall Street absorbed a hefty outlook cut owing to the videogame publisher’s overestimate of the mobile market in the latter half of Read more

Lyft to end direct car rentals, will lay off 60 workers

Lyft rides price increases to record revenue, but stock still sinks

By adminPosted on November 7, 2022

Lyft Inc. attracted fewer customers in the third quarter than Wall Street expected, but record-high ride-hailing prices sent the company to its highest quarterly revenue ever anyway, executives said Monday. Read more

Disney extends CEO Chapek's contract three years

Dow logs 5th straight winning session as tech selloff sinks S&P 500, Nasdaq

By adminPosted on October 27, 2022

Stocks ended mostly lower Thursday as tech shares suffered a further selloff after disappointing results from Meta Platforms Inc. META, -24.56%, though the Dow Jones Industrial Average notched its fifth Read more

As Spotify stock sinks, CEO suggests raising prices for U.S. subscribers

As Spotify stock sinks, CEO suggests raising prices for U.S. subscribers

By adminPosted on October 25, 2022

Spotify Technology S.A. Chief Executive Daniel Ek on Tuesday floated the possibility of raising prices in the U.S., after the music-streaming service forecast weaker margins following a slowdown in advertising Read more

Skechers stock sinks after earnings miss, downbeat outlook

Skechers stock sinks after earnings miss, downbeat outlook

By adminPosted on October 25, 2022

Skechers USA Inc. shares dropped more than 10% in late trading Tuesday after the maker of sneakers missed profit expectations for its latest quarter and delivered an outlook that came Read more

Nio shorts may have covered too soon, as EV maker's stock sinks to more than 2-year low

Nio shorts may have covered too soon, as EV maker’s stock sinks to more than 2-year low

By adminPosted on October 14, 2022

Shares of Nio Inc. sank to the lowest prices seen in more than two years, disappointing not only bulls, but also likely the many bears who have just covered their Read more

AMC stock sinks to pre-'meme stock' levels as B. Riley slashes price target by 32%

AMC stock sinks to pre-‘meme stock’ levels as B. Riley slashes price target by 32%

By adminPosted on October 12, 2022

Shares of AMC Entertainment Holdings Inc. extended their selloff toward a 17-month low on Wednesday, after B. Riley analyst Eric Wold slashed his price target on the belief the post-pandemic Read more

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