Japanese gaming giant Sega has made an offer to acquire the maker of the Angry Birds puzzle game Rovio Entertainment Oyj for $776 million. If successful, the deal will see Sega acquire all of Rovio’s outstanding shares and options at a price of $9.25 per share, which is 19% higher than the stock’s closing price… Continue reading Angry Birds’ Rovio shares up 17% amid Sega acquisition deal
stocktrader
Canoo and MULN stocks have diverged: Are these EV stocks safe?
Canoo (NASDAQ: GOEV) and Mullen Automotive (NASDAQ: MULN) stock prices have diverged in the past few days. MULN stock was trading at $0.09 on Monday, a few points above the all-time low of $0.090. On the other hand, Canoo stock price was trading at $0.6721, about 32% above the year-to-date low. The similarity is that… Continue reading Canoo and MULN stocks have diverged: Are these EV stocks safe?
Goldman Sachs just double upgraded VF Corp stock to ‘buy’
VF Corp (NYSE: VFC) has been in a downtrend since the start of the new year but a Goldman Sachs analyst is convinced that it could recover much of its recent loss in the coming months. VF Corp stock has upside to $27 a share Brooke Roach double upgraded the clothing company this morning to… Continue reading Goldman Sachs just double upgraded VF Corp stock to ‘buy’
What made Superdry stock lose 15% on Friday?
Superdry PLC (LON: SDRY) ended more than 15% down today after reiterating plans of raising equity capital to improve its balance sheet. Superdry stock down on withdrawn outlook On Friday, the clothing brand said it wanted to issue new equity for up to 20% of its share capital. Superdry also confirmed that the said equity… Continue reading What made Superdry stock lose 15% on Friday?
Wells Fargo Q1 earnings: ‘they’re managing through pretty well’
Shares of Wells Fargo & Co (NYSE: WFC) are roughly flat this morning even though the financial services behemoth reported market-beating results for its fiscal first quarter. Expert reacts to Wells Fargo Q1 results The multinational recorded $948.7 billion of loans for its Q1 versus $958 billion expected but better than $911.8 billion in the… Continue reading Wells Fargo Q1 earnings: ‘they’re managing through pretty well’
JPMorgan reports record revenue for Q1: is banking crisis over?
JPMorgan Chase & Co (NYSE: JPM) opened in the green on Friday after reporting strong results for its first financial quarter thanks primarily to the higher interest rates. Pro shares his view on the banking crisis Its quarterly update relieves some of the anxiety surrounding the banking sector at large following recent failures that helped… Continue reading JPMorgan reports record revenue for Q1: is banking crisis over?
Citigroup shares up after strong first quarter results
Citigroup (NYSE: C) shares rose pre-market on Friday as the bank’s first quarter 2023 financial report showed a strong operational performance. The Citigroup stock price was nearly 2% up in premarket trading, rising above $48. Citi shares rise after Q1 revenue beat Among the key metrics for the banking giant, first quarter 2023 net income… Continue reading Citigroup shares up after strong first quarter results
Rivian downgraded as concerns about cash burn remain
Rivian (NASDAQ: RIVN) received another downgrade on Friday as concerns about the company’s future remains. In a note, analysts at Piper Sandler downgraded their rating of the company from overweight to neutral. They expect that the company, which is a cash incinerator, will need to raise additional capital to implement its current strategy. Precisely, they… Continue reading Rivian downgraded as concerns about cash burn remain
Infosys stock price is hanging on a threat: buy the dip?
Infosys (NSE: INFY) stock price is hovering near its lowest level in 2022 after the company published weak financial results this week. Shares of the Indian giant dropped to a low of 1,400 INR in India and to $15.33 in New York. Infosys earnings and downgrade Infosys published weak results that reflected the state of… Continue reading Infosys stock price is hanging on a threat: buy the dip?