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Live Stock Market Updates 03/08 – Jumia Stock Up 35%

Updated: 3 Aug 2020

latest updates

Latest 21:05
US Market Close

  • Dow Jones   +0.89%  26,664
  • S&P 500       +0.69%  3,293
  • Nasdaq         +1.47%   10,902

So, US equities follow their European counterparts in closing the day higher.

That’s all from us for the evening. See you tomorrow!

20:57
Workhorse Group Shares

Workhorse Group’s share price has had a great day, up 24.48%, trading at $19.32 after Lordstown Motors, which WKHS owns a 10% stake in, entered into a definitive merger agreement with DiamondPeak Holdings.

20:42
Pitney Bowes (PBI) Stock Up +40%

$PBI

Pitney Bowes shares are trading 45% higher at $4.85 per share after the company announced it has won a government contract worth $5 million for its shipping and mailing technology.

20:06
Virgin Galactic Shares

$SPCE

Virgin Galactic shares are up 6.90%, trading at $24 per share after the company signed a non-binding Memorandum of Understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for high-speed commercial aircraft.

19:38
More US Market Movers

Here are some more US market movers so far today (Yes its a bit of a slow news day)…

Riot Blockchain +39%

Jumia Technologies +35%

Highway Holdings +23%

Qualcomm +4%

Eastman Kodak -32%

17:33
Marathon Patent Group (MARA) Stock Surges

Marathon Patent (MARA) stock is up over 100% at $4.06.

We are yet to see any news, but DDTG’s Dave Portnoy told his followers to “Get in on MARA early.”

As you can see below, the amount of Robinhood traders that bought into the stock today has skyrocketed.

Via robintrack.net

16:54
Varian Medical Systems (VAR) Stock

NYSE:VAR

Varian Medical Systems stock is trading 21.85$ higher at $173.91 after the company announced on Sunday that it will be acquired by Siemens Healthineers for $177.50 per share, $16.4 billion.

16:39
European Equities Close

  • FTSE 100            +2.26%  6,031
  • DAX                     +2.67%  12,641
  • EUR Stoxx 50    +2.36%  3,249

An extremely strong day for European equities. US equities are still going strong.

16:38
AstraZeneca Stock Price Rises

AstraZeneca shares are trading higher, possibly due to vaccine hopes…

Shares are up 2.81% at $57.35 per share

16:09
US Stock Movers

Datasea +99%

Marathon Patent +77%

ADT +72%

Cymbay Therapeutics +39%

Immunic +26%

Tiziana Life Sciences -20%

 

15:25
DPHC Stock Climbs

Shares in DiamondPeak Holdings jumped over 12%  after it entered into a merger agreement with Lordstown. The combined company will remain listed on the NASDAQ under the new ticker symbol “RIDE”.

Shares are currently trading at $11.37, +11.04%

15:23
US Equities

  • Dow Jones  +0.71%  26,616
  • Nasdaq        +1.11%   10,864
  • S&P 500     +0.69%  3,293

 

 

14:39
DataSea Stock Price

$DTSS

After opening up over 200% higher, Datasea Inc is now trading +160.82% at $5.06 after the company announced it has signed its first agreement in Beijing to install its proprietary monitoring system.

13:48
ADT Stock

ADT stock is now up 68.41% after the deal with Google…

Here is more on the story – BORR DRILLING (BORR) STOCK JUMPS AFTER FRESH RIG AWARDS

11:36
Mitchells & Butlers

Mitchells & Butlers shares have plummeted so far today, dropping 8%.

We are yet to see any news on why, but it could be to do with talks in the UK over the weekend that bars and pubs could close so that schools can reopen.

MAB’s share price is currently at 142.6 GBX, down 6.82%.

11:04
Google to Invest In ADT

Google will invest $450 million to acquire a 6.6% ownership in ADT

10:51
Versarien Share Price

LON:VRS

Versarien shares have soared higher this morning after the company launched its first graphene-enhanced protective face mask.

Shares are currently trading at 44 GBX, +7.32%

10:21
TikTok UK

According to Reuters, TikToks’ parent company, ByteDance’s bid to relocate from Beijing to London has been approved by the UK government.

 

10:19
Apple Buys Mobile Startup Mobeewave

According to Bloomberg, Apple has bought Canada-based contactless mobile payment firm Mobeewave for $100 million

10:13
European Market Gainers

Nordex +16%

Navya +15%

Riverstone Energy +15%

LleidaNetworks Serveis Telematics +5%

08:23
European Equities

  • FTSE 100                    -0.55%    5,865
  • DAX                             +0.42%   12,364
  • EURO STOXX 50     +0.08%  3,176

 

08:17
HSBC Shares Fall

HSBC’s share price has fallen 3.84% so far after profits plunge in the second quarter.

Currently trading at 329.05 GBX

07:38
Morning Preview

Good morning traders.

  • Overnight Chinese equities were positive along with the Nikkei, while the ASX and Hang Seng are down. A mixed session overall.
  • Over the weekend there was more talk about the US banning TikTok and other Chinese apps with US President Donald Trump confirming he may ban TikTok and is looking at alternatives.
  • Trump has backed Microsoft possibly buying out TikTok, with Microsoft stating that they have until the 15th of September to complete talks.
  • In FX markets we have seen the US dollar gain some strength in the last half an hour with the EURUSD now at 1.1753
  • In today’s calendar, we have EA manufacturing, UK Manufacturing, and US manufacturing PMI’s.
  • Some of the names on the earnings calendar today include KLA, Mckesson, AIG, Virgin Galactic and Marathon Petroleum

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