Share Price Movements/Disruptions

AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls

August 4, 2022 admin No Comments

AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after it was…

Investment

Zillow is almost done selling homes, but stock slumps as the hard part is still to come

August 4, 2022 admin No Comments

Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thursday on a disappointing forecast. Zillow ZG, +0.21% Z, +0.59% on Thursday reported second-quarter earnings of $8 million,…

Investment

PayPal earnings packed in much more than just numbers

August 3, 2022 admin No Comments

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations…

Investment

The dollar will weaken and these stocks could outperform, says Evercore

August 2, 2022 admin No Comments

Hopes that the Federal Reserve may be less aggressive in hiking borrowing costs than previously feared have rippled swiftly across markets in the past week. Stocks have rallied as bond yields have dropped. And it has brought the dollar’s rampage to a juddering halt. The dollar index DXY, +0.17%, which hit a 20-year high above…

Investment

Pinterest stock jumps more than 20% despite earnings miss, as Elliott confirms stake and users stick around

August 1, 2022 admin No Comments

Pinterest Inc. missed expectations for earnings and guided for revenue lower than analysts expected in the current quarter, but shares still spiked in after-hours trading as users stuck around in a quarter that led to sudden change and attracted an activist investor. Pinterest PINS, +2.62% on Monday reported a second-quarter loss of $43.1 million, or…

Investment

This is why sports SPACs aren’t dead yet

July 29, 2022 admin No Comments

Sports SPACs are back, but with more of a whimper than a boom. Digital entertainment and esports brand FaZe Clan began trading on the public markets Wednesday after completing a SPAC merger in a deal valued at $725 million. down from the anticipated $1 billion public markets debut in September 2021. The company’s shares sank…

Investment

Amazon shares surge on Q2 sales beat as analysts highlight the strength of AWS, Prime and advertising

July 29, 2022 admin No Comments

Amazon.com Inc. shares climbed more than 10% in premarket trading on Friday, boosted by the tech giant’s second-quarter sales beat and robust third-quarter guidance. Shares of Amazon.com Inc. AMZN, +12.05% rose 10.7% to $135.36 before market open. After market close Thursday Amazon reported second-quarter sales of $121.2 billion, up from $113.08 billion in the year-ago…

Investment

Amazon stock jumps 12% as sales beat and AWS growth overcomes a second straight quarterly loss

July 28, 2022 admin No Comments

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or…

Investment

Facebook revenue declines for the first time, and Meta’s downfall is expected to get worse

July 28, 2022 admin No Comments

The second quarter was as bad as Meta Platforms Inc. Executives feared, and the third quarter is expected to be worse. META META, +6.55% reported its first-ever year-over-year decline in revenue on Wednesday, and profit declined for a third consecutive quarter, the first time that has happened since Facebook’s first year as a public company,…

Investment

Snap’s ‘grim outlook’ sends stock on near-40% skid, slaps other social names

July 22, 2022 admin No Comments

Shares of Snap Inc. and its peers tumbled on Friday, as Wall Street reeled from what were described by one aghast analyst as “terrible” results and downgrades rained down on the Snapchat parent. Snap shares SNAP, -38.20% skidded by as much as 39.3% through 1 pm Eastern on Friday, threatening to put up their second…

Investment