Western Digital’s Future Bleak, Despite Results Surpassing Estimates: A Dark Outlook Unveiled
Western Digital Corp., the data-storage device company, witnessed a oscillation in shares between slight losses and gains during the extended session on Monday. This was a result of better than expected outcomes but weak forecasts. The shares wavered between a 2% loss and a 2% gain after hours, following an increase in the regular session […]
“DaVita Soars 5% as Dialysis Provider Thrives in Flourishing Macro Environment!”
Shares of DaVita Inc., a provider of kidney dialysis services, rose nearly 5% after the company reported first-quarter adjusted earnings above Wall Street forecasts. The firm said it benefited from “an improving macro environment” as it revealed revenues rose slightly to $2.87bn, up from $2.82bn a year before. The market had expected sales of $2.84bn. […]
Him & Hers Skyrockets Sales Forecast for the Year, Stocks Take a Surprising Dip
Hims & Hers Health Inc., a wellness company operating the online telehealth and prescription platforms Hims and Hers, has reported a more significant per-share loss than anticipated for its first quarter. However, the company has raised its full-year sales forecast for 2021. Hims & Hers Health Inc. offers a wide range of health and wellness […]
Shoals Stock Skyrockets: Q1 Revenue Surpasses $100M with Optimistic Outlook for Growth!
Shoals Technologies Inc. (SHLS) saw its shares jump more than 10% in after-hours trading on Monday after the company reported impressive quarterly earnings and revenue, including topping $100 million in sales for the first time. Shoals, a leading supplier of components for solar-energy systems, reported earnings of $14.3 million, or 10 cents a share, on […]
Bittrex Goes Bankrupt: Crypto Exchange Crumbles Post-SEC Complaint – Folded in Just Weeks!
Bittrex, a leading cryptocurrency exchange, has announced that it has filed for Chapter 11 bankruptcy in federal court in Delaware. This development follows less than a month after the US Securities and Exchange Commission (SEC) charged the company with operating as a securities exchange, broker, and clearing agency without registering with the agency. Bittrex has […]
Google Dazzles with $100M Deal for New York Times’ Distribution Over Three Years: WSJ Exclusive
The New York Times Co. (NYT) will receive a significant investment from Alphabet Inc.’s Google (GOOG, GOOGL) in a deal announced earlier this year. The media giant will receive around $100 million from Google, a sum that was not disclosed by the Times when they announced the partnership earlier in 2021. This investment will be […]
“Wayfair Shares Tumble as Market Reacts to Convertible Note Offering Announcement!”
Wayfair Inc., the well-known online furniture store, has experienced a setback in the form of a stock drop after announcing plans to issue convertible notes. Shares dipped over 7.5% after the announcement, although today seems to have them on a slight rise. After a slight dip of 0.6% to $39.97 at the close of the […]
US Oil Futures Make a Comeback, Soaring High Despite Last Week’s 7% Plunge
US oil futures experienced a boost on Monday, growing by almost 3% in value. Part of the reason for this growth is the bullish US jobs data, which came in better than expected on Friday. Another reason is that the speculated imminence of a recession is driving crude prices. West Texas Intermediate crude increased by […]
Trevena Stock Skyrockets: Pain Treatment’s Chinese Approval Results in 5x Gain and Frenzied Trading!
Shares of Trevena Inc. (TRVN) soared more than five-fold higher, up 420.6% on active trading Monday after the biopharmaceutical company announced that its China-based partner Jiangsu Nhwa received formal approval from Chinese health regulators for the pain treatment Olinvyk. The Pennsylvania-based firm saw 75.7 million shares change hands, compared with the full-day average over the […]
Qualcomm Amplifies Auto Chip Empire: Exciting Autotalks Acquisition Empowering Tomorrow’s Connected Vehicles
Rewrite and expand this content to 900 words Qualcomm Inc. QCOM said Monday it agreed to buy Israel-based auto chip maker Autotalks to strengthen its portfolio of Snapdragon chips for automakers. While Qualcomm did not provide an amount, the company is reportedly paying $350 million to $400 million for the company, according to TechCrunch, citing […]