Robinhood Markets Inc
Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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Snoop Dogg on the current crypto winter and future of NFTs: ‘Every great industry has a downfall’
Perhaps the most prominent celebrity figure in the Web3 zeitgeist is Snoop Dogg, but for Snoop being an early adopter is nothing new. In 2014, the rap icon was part of a $50 million investment into Reddit, which valued the company at around $500 million at the time. Today, the platform is worth $15 billion, […]
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Stocks making the biggest moves midday: Nike, Las Vegas Sands, Boston Beer and more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the sportswear company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. The company said it anticipates flat to […]
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Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) […]
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Robinhood shares jump 12% and are halted on report FTX may be exploring a deal
A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app. The stock soared 12% to its session high and was briefly halted after a report […]
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Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more
Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $2 a […]
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Stocks making the biggest moves premarket: Spirit Airlines, BioNTech, Robinhood and more
Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday’s closing prices, while the most recent JetBlue (JBLU) […]
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Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares fell almost 10% on Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers. Binance.US, the U.S. affiliate […]
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Stocks making the biggest moves premarket: Baidu, MicroStrategy, Moderna and more
Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%. MicroStrategy (MSTR) – MicroStrategy lost 2.2% in the premarket as […]
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Robinhood to fall to $5 as trading slows, main revenue source is threatened, Atlantic Equities says
A recovery for Robinhood may not be in the cards anytime soon, according to Atlantic Equities. Analyst John Heagerty on Wednesday downgraded the online brokerage to underweight, saying a decline in user engagement — combined with falling trading volumes, potential regulation around the payment for order flow business model and plummeting cryptocurrency valuations — will […]
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