Shares of Super Micro Computer (SMCI) surged an impressive 27% on Tuesday, reaching a two-week high, after the company announced it had hired a new auditor and submitted a plan to regain compliance with Nasdaq’s listing requirements. The company’s stock had been struggling following a series of challenges, including delays in filing financial reports [...]
Shares of Super Micro Computer (SMCI) have taken a steep fall, dropping over 40% after news broke that Ernst & Young (EY), the company’s auditor, has resigned. This comes on the heels of a DOJ probe, raising serious questions for investors. SMCI’s tumble this past week has added to its already shaky year. While [...]
Amazon (AMZN) stock surged in after-hours trading on Thursday following a strong third-quarter earnings report that topped Wall Street’s expectations. The company’s results were driven by solid growth in its cloud and advertising businesses, which continue to be significant contributors to Amazon’s revenue growth. Quarter Highlights Amazon reported third-quarter revenue of $158.9 billion, marking [...]
Late last week Stellantist (STLA) announced its plans to change things up from a management perspective. After a few consecutive periods of bleeding profits and lowering production, it was time to breathe fresh life into the company. Now, the company’s current CEO of Jeep - Antonio Filosa - will step in as COO of [...]
Shares of Super Micro Computer (SMCI) soared yesterday and were on pace for their best trading day in more than 7 months. The stock ended up gaining around 15%, although it started to come back down to earth in Tuesday’s trading session. It’s lost 5% of its gains so far today. This all came [...]
Shares of Stellantis NV (STLA) are down 11% in the past week as the Netherlands-based automaker was forced to lower its full-year forecast as costs are climbing while production is falling. The company was originally expecting to deliver a double-digit profit percentage for the fiscal year, but now, the profit guidance has been brought [...]
Shares of Snowflake Inc. (SNOW) are down roughly 2% Thursday morning, making it a 6% loss over the past month. The latest bit of downward pressure can be attributed to the company’s announcement that it will be raising $2 billion in debt. The plan involves two separate $1 billion Senior Convertible Notes, one of [...]
FedEx (FDX) shared fiscal first-quarter results yesterday after the market closed, but it was the lowered guidance that really sent ripples through the market. The stock is down 14% so far Friday. Here’s how the company performed in Q1: Earnings: $3.60 per share compared to the consensus of $4.75 per share. Revenue: $21.6 billion [...]
Boeing (BA) shareholders have seen their investments shrink in value over the past year, as the stock has plummeted nearly 50% since December of 2023. From safety concerns to lawsuits and strikes, the company can’t seem to catch a break - but much of it appears to be self-inflicted as a result of cutting [...]
Tupperware Brands (TUP) lost almost all of its value overnight after the company announced it would be filing for bankruptcy. The stock sat at $1.19 per share but has plummeted 57% to just $0.5 per share this morning. Exchanges like Robinhood have halted trading on the stock since. It’s been a tumultuous stretch for [...]
