Check out the companies making headlines in midday trading. Bally’s — Shares soared more than 25% after hedge fund Standard General made a buyout proposal valuing the casino operator at $15 per share. That’s 41.2% higher than where the stock finished last week. Oracle — Shares added 1.6% ahead of the software giant’s fiscal third-quarter … Read more
Check out the companies making headlines before the bell. Crypto stocks — Stocks connected to cryptocurrencies rose as Bitcoin hit a fresh record high and topped $71,000. Coinbase and Microstrategy rose about 6% and 8%, respectively. Marathon Digital also rose 6%. PDD Holdings — U.S.-listed shares of the Chinese ecommerce company added 4.5% following an … Read more
Check out the companies making headlines in midday trading. Beyond Meat — The plant-based meat company skyrocketed more than 30% following its revenue beat . Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. The company also said it would “steeply reduce” costs this … Read more
Check out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would “steeply reduce” costs this year. Revenue came in at $73.7 million, versus the $66.7 million expected from analysts polled by LSEG. Bumble — … Read more
Check out the companies making the biggest moves midday. Coinbase Global — Shares surged nearly 16% after the cryptocurrency exchange reported its first profit in two years. Coinbase’s fourth-quarter earnings came in at $1.04 per share, above the 1 cent loss expected from analysts polled by LSEG, formerly known as Refinitiv. Revenue was $954 million, … Read more
Check out the companies making headlines in premarket trading. Dropbox — Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5 million. Ingersoll Rand — Shares climbed … Read more
Check out the companies making headlines in after-hours trading. DoorDash – Shares dropped nearly 8% after the food delivery reported mixed fourth-quarter results. Although revenue rose 27% to $2.3 billion, outpacing LSEG estimates, the loss of 39 cents per share was wider than expected. DoorDash, which has seen its stock skyrocket 85% over the past … Read more
Check out the companies making headlines in midday trading. Pinterest — Shares fell about 11% after the image-sharing company issued softer-than-expected guidance for its first-quarter revenue. Late Thursday, Pinterest posted fourth-quarter revenue that disappointed Wall Street, but beat on earnings, per LSEG. CleanSpark – The bitcoin miner surged 37% after posting better than expected results … Read more