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Rivian (RIVN) Stock Price Rose 1.62% on an Optimistic Analyst Note

The Rivian Automotive Inc (NASDAQ: RIVN) stock price rose 1.62% on reports that the EV startup was outdoing some of its peers as it accounts for 2.8% of the EV market in the US. The data provided by Experian indicated that Ri

Rivian truck
Simon Mugo
Immunovant (IMVT) Stock Edges Higher After 97% Rally on Trial Results

The Immunovant Inc (NASDAQ: IMVT) stock price was edging higher premarket after yesterday’s massive rally triggered by the release of upbeat clinical trial results from the Phase 1 clinical trial of IMVT-1402, which has been

Immunovant logo
Simon Mugo
Roivant Sciences (ROIV) Stock Price Rallied 20.2% on Trial Data

The Roivant Sciences (NASDAQ: ROIV) stock price rallied 20.18% after its subsidiary Immunovant reported upbeat Phase I clinical trial data. The data was related to IMVT-1402, a drug candidate targeted at patients with autoimm

Roivant logo
Simon Mugo
Amazon.com (AMZN) Stock Edged Lower Despite $4bn AI Investment

The Amazon.com, Inc. (NASDAQ: AMZN) stock price edged lower despite the company announcing yesterday that it has committed to investing up to $4 billion in Anthropic, an AI startup, as part of the mad rush by leading tech com

Amazon Web Services
Simon Mugo
Amazon.com (AMZN) Stock Edged 1.65% on Ads in Prime Videos

The Amazon.com, Inc. (NASDAQ: AMZN) stock price rose 1.65% after announcing that it would introduce limited ads to its Prime Video shows and movies. Investors reacted positively to the news as Amazon.com joined its streaming

Amazon delivery
Simon Mugo
SNAP Stock Edges Higher on Reaching 5 Million Snapchat+ Users

The Snap Inc (NYSE: SNAP) stock price edged 1.16% after announcing that its paid subscription service had added 5 million new users, each paying $3.99 monthly. The subscription service known as Snapchat+ offers subscribers ad

how to buy snap in 2023
Simon Mugo
Broadcom (AVGO) Stock Price Fell 6.3% on Reports About Google

The Broadcom Inc (NASDAQ: AVGO) stock price fell 6.33% after news emerged that Google had discussed dropping the firm as its supplier for the tensor processing units (TPUs). The microchips, critical in powering Google’s AI ap

Broadcom
Simon Mugo
Near Intelligence (NIR) Stock Price Surged 56.7% on Latest Report

The Near Intelligence Inc (NASDAQ: NIR) stock price surged 56.65% after the company released a report indicating that it is a trusted partner of leading global commercial real estate (CRE) companies seeking high-quality real

Near logo
Simon Mugo
Rivian (RIVN) Stock Is Up 68.4% in Six Months. Is the Firm a Buy?

The Rivian Automotive Inc (NASDAQ: RIVN) stock price has risen 68.4% in the past six months, driven by positive investor sentiment towards the electric vehicle manufacturer. Some positive factors that have driven RIVN stock h

Rivian truck
Simon Mugo
Nikola Stock Fell for the Second Day After Appointing a New COO

The Nikola Corp (NASDAQ: NKLA) stock price edged lower for the second day despite the recent higher rally triggered by Mary Chan's appointment as Chief Operating Officer (COO). Mary will officially take over her new role on O

Nikola Corp truck
Simon Mugo
Stitch Fix (SFIX) Stock Price Fell 6.56% on Q4 and FY 2023 Results

The Stitch Fix Inc (NASDAQ: SFIX) stock price fell 6.56% after the company released its Q4 2023 and full-year results for the financial year ended on July 31, 2023. The company generated revenues worth $375.8 million in Q4 20

Stitch Fix
Simon Mugo
Rocket Lab (RKLB) Stock Price Crashed 26% After Rocket Crashed

The Rocket Lab (NASDAQ: RKLB) stock price crashed 26.2% after announcing that it suffered an anomaly during the launch of an Earth-observation satellite earlier today. The company noted that an Electron rocket carrying a synt

Simon Mugo
Klaviyo IPO: Marketing Firm Ups IPO Price Seeking $9Bn Valuation

Klaviyo announced plans to increase its IPO valuation to $9 billion after upping its IPO share price target to between $27 and $29 from between $25 and $27 earlier following the upbeat performance of Aarm’s IPO. The move come

Klaviyo logo
Simon Mugo
Planet Fitness (PLNT) Shares Are Down 17% Since CEO’s Ouster

The Planet Fitness Inc (NYSE: PLNT) share price has fallen 17% since the ouster of its CEO on Friday, September 18, triggered a massive decline. The dismissal of the CEO came as a surprise to the markets and even to people cl

Planet Fitness
Simon Mugo
Instacart Raises Its IPO Pricing After Arm’s Recent Successful IPO

Instacart has raised the target range of its IPO shares from $26 to $28 per share to $28 to $30 per share while seeking to raise about $660 million. The company’s higher pricing brings its market valuation to a high of $10 bi

Instacart grocery delivery
Simon Mugo
Why Arm Stock Was Trading Down Slightly After Its Massive IPO

The Arm Holdings plc ADS (NASDAQ: ARM) stock price was trading down 2.67% during premarket trading as sellers kept pushing prices lower. The company’s shares were trading way above the IPO price of $51 as the stock entered it

ARM Processor
Simon Mugo
HP Inc (HPQ) Stock Price Fell 6.61% in a Week on Buffet Stock Sell

The HP Inc (NYSE: HPQ) stock price fell 6.61% after the Oracle of Omaha, Warren Buffett’s Berkshire Hathaway, confirmed that it sold 5.5 million shares valued at $158 million in HP Inc. The regulatory filing did not disclose

HP Inc Office
Simon Mugo
Birkenstock IPO: 250-Year-Old Shoe Firm Files IPO Documents

Birkenstock finally filed its IPO registration statement on Tuesday, September 12, 2023, confirming the rumours circulating among the media and the public that the company was considering filing for a US IPO shortly.

Birkenstock Arizona sandal
Simon Mugo
AMC Stock Price Rallied 8% After a $325.5M Discounted Fundraise

The AMC Entertainment Holdings Inc (NYSE: AMC) stock price rallied 8% after announcing that it had raised $325.5 million after issuing 40 million new shares priced at $8.14 each. The at-the-market (ATM) equity offering launch

Simon Mugo
Arm IPO: Arm Prices Its IPO Shares at $51, Valuing It at $54.5Bn

Arm is scheduled to start trading on the Nasdaq later today after pricing its IPO shares at $51 each, translating to a market capitalisation of $54.5 billion. The company plans to list at least 95.5 million American depositor

ARM Processor
Simon Mugo
Apple (AAPL) Stock Fell for the Second Day After iPhone 15 Launch

The Apple Inc (NASDAQ: AAPL) stock price fell slightly for the second day after the much-awaited launch of its iPhone 15 smartphones on September 12, 2023. The firm was expected to increase prices but kept them the same, exce

does apple pay dividends 2023
Simon Mugo
Rocket Pharma (RCKT) Stock Soared 37% on FDA Trial Alignment

The Rocket Pharmaceuticals Inc (NASDAQ: RCKT) stock price soared 37.4% after announcing that it had reached alignment with the US Food and Drug Administration (FDA) on a pivotal Phase 2 trial design for its RP-A501 drug treat

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Simon Mugo
Spirit Airlines (SAVE) Stock Price Fell 4.5% on Lower Q3 Guidance

The Spirit Airlines Inc (NYSE: SAVE) stock price fell 4.51% during premarket trading after lowering its third-quarter guidance to reflect increased promotional activity for travel in the second half and a recent spike in fuel

Spirit Airlines
Simon Mugo
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