These are the stocks posting the largest moves in midday trading.
Schlagwort-Archiv: Markets
Novavax surges after company unveils job cuts, positive vaccine data
Novavax still reported bleak first-quarter earnings and revenue that missed Wall Street’s estimates.
Nikola exits European joint venture to focus on hydrogen trucks in North America
Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.
Fisker cuts production guidance for Ocean EV after last-minute snags
CEO Henrik Fisker told CNBC that the company expects regulatory approval to begin deliveries of the Ocean in the U.S. before the end of May.
Nintendo Switch sales plunge 22% and the gaming giant expects further declines
Nintendo sold 17.97 million units of its flagship Nintendo Switch console series, a 22% year-on-year decline.
Oil giant Saudi Aramco posts 19% drop in first-quarter profit
Saudi state oil giant Aramco on Tuesday reported a 19% drop in its first-quarter earnings.
Berkshire Hathaway shares rise as investors cheer earnings beat and Geico’s quick turnaround
Berkshire Hathaway rose Monday as Warren Buffett’s conglomerate won over investors with strong earnings and an insightful weekend „Woodstock for Capitalists.“
Stocks making the biggest premarket moves: PacWest, Berkshire Hathaway, American Airlines, AMC and more
These are the stocks posting the largest moves in the premarket.
Regional banks rebound for a second day as PacWest cuts dividend, says business ‚fundamentally sound‘
PacWest Bankcorp led a relief rally in regional banks Monday, after the struggling lender slashed dividend to build capital amid the banking crisis.
‚A very problematic market‘: As Arm shuns London, tech investors question UK as an IPO destination
British chip designer Arm recently decided to list in New York, leading to worries that London will miss out on more blockbuster tech IPOs.