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XPENG Rallies on Plans to Significantly Cut Production Costs
Shares of electric vehicle (EV) maker XPENG (NYSE: XPEV) are moving sharply higher in Monday’s trading session after the Chinese auto firm shared its plans to cut manufacturing costs.
Roblox Slumps on Soft Bookings for March
Roblox (NYSE: RBLX) shares slumped Monday after the California-based video game maker disclosed user metrics for the last month. Roblox s
SNBL to Acquire Satsuma Pharmaceuticals, Shares Surge
Satsuma Pharmaceuticals (NASDAQ: STSA) shares have more than doubled premarket after it was announced Sunday evening that Shin Nippon Biomedical Laboratories (SNBL) will acquire the company.
DeepVerge Shares Plunge – Here’s Why
DeepVerge (LON: DVRG) shares plunged Monday after it said revenues for 2022 are expected to be approximately 45% to 50% of expectations.
Avacta Shares Edge Higher After Presenting AVA3996 Pre-Clinical Data at AACR Meeting
Avacta (LON: AVCT) shares rose more than 1% in early trading after it said it had presented pre-clinical data for AVA3996 at the 2023 American Association for Cancer Research Meeting in Florida, USA.
Wood Group Shares Jump as it Announces Intention to Engage with Apollo Management
Wood Group (LON: WG.) shares jumped Monday morning after the engineering and consulting business revealed it will engage with Apollo Management for a firm offer.
Boeing Sinks After Saying It Halted 737 MAX Deliveries
Boeing (NYSE: BA) shares fell in after-hours Thursday trading after the U.S. aerospace and defense titan disclosed it was forced to pause deliveries of some 737 MAX planes due to incorrectly installed parts.
Hermès  Stock Hits Fresh Record High on Strong Earnings
Shares of Hermès International SCA (EPA: RMS) are moving higher in today’s European trading session after a luxury brand reported stronger-than-expected figures for its first quarter.
Here’s Why Teck Resources Rejected Glencore’s Revised Offer
In early April, commodity giant Glencore (LON: GLEN) made an unsolicited offer for Canadian miner Teck Resources (NYSE: TECK). The propos
Dr Martens Shares Up Despite Lowering Profit Guidance
Dr Martens (LON: DOCS) shares regained some of their early losses Friday, with the stock initially falling after it lowered its profit guidance for the second time in four months.
AO World Shares Jump as it Guides to Top End of Profit Range
AO World (LON: AO.) shares jumped Friday after the company updated its profit guidance to the top end of the previously issued range. In
Peloton Stock Tumbles as Analyst Warns Online Growth is Slowing
Shares of Peloton Interactive (NASDAQ: PTON) tumbled Wednesday after Morgan Stanley analysts warned that web traffic trends point toward
Alibaba Falls 6% as SoftBank Sells $7B+ Worth of Shares
Hong Kong-listed Alibaba shares dropped nearly 6% on Thursday after the Financial Times reported the Japanese investment giant SoftBank sold billions worth of BABA shares recently.
Imperial Brands On Track to Meet Full-Year Guidance
Imperial Brands (LON: IMB) shares have dipped almost 2% Thursday, although the company said it is on track to meet its full-year guidance of growing revenue and operating profit.
Darktrace Shares Edge Higher Following Q3 Update Despite Macroeconomic Concerns
Cybersecurity firm Darktrace (LON: DARK) announced its results for the third quarter ended March 31 on Thursday, helping to lift its shares around 1% higher as the company pointed to its "resilient business model" helping to
Tesco Shares Rise Despite Falling Profits
Tesco (LON: TSCO), the UK's largest supermarket chain, has reported a 40.4% fall in operating profit in its preliminary results for 2022/23.
Stocks Reverse Early Gains Despite Softer Inflation Data
U.S. stocks are trading modestly higher on the day despite a pre-market rally that saw S&P 500 futures post fresh 8-week highs on the back of the softer-than-expected inflation data for March.
Why Did Cirrus Logic (CRUS) Stock Tumble Today
Cirrus Logic Inc. (NASDAQ: CRUS) shares are trading more than 10% lower on Wednesday after a respected tech analyst warned that Apple could abandon some features in its new iPhone 15, therefore impacting suppliers’ demand pla
Tupperware Brands Tumbled This Week – Here’s Why
Tupperware Brands Corporation (NYSE: TUP) shares plunged nearly 50% on Monday after the company warned that it could go out of business if it doesn't secure additional financing.
Tekcapital Shares Jump as Innovative Eyewear Files Patent For ChatGPT-Enabled Smart Eyewear
Tekcapital (LON: TEK) shares jumped Wednesday after Innovative Eyewear (NASDAQ: LUCY; LUCYW) announced it has filed a new patent application for ChatGPT-enabled smart eyewear.