Sun, May 19, 2024
Stocks and important factors
Stock Markets

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased

Stocks and important factors
Stock Markets

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased

Zoom reaches $86m settlement over user privacy
Stock Markets

According to the latest news, Zoom agreed to pay $86 million and

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Stocks and important factors
Stock Markets

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased

Zoom and second-quarter earnings
Stock Markets

On Monday, Zoom Video Communications reported their second-quarter fiscal earnings. Interestingly, second-quarter

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FOREX NEWS

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roblox

Roblox Shares Drop to $50; Faces Weakening Engagement

Quick Look: Roblox reduced its fair value estimate from $60 to $50 per share due to diminishing player engagement and lowered growth expectations. Implemented platform enhancements and content curation improvements; initial results show a 20% increase in US and

Stocks

Summit Therapeutics Targets $3.73B Cap in Oncology Drive

Quick Look: Summit Therapeutics’s key drug in advanced trials for lung cancer, leveraging dual pathway inhibition. With a market cap of $3.73 billion and liquidity ratios at 6.97, despite a PE of -29.88. Supported by rising stock prices, ‘Buy’

perficient

Perficient Shares Skyrocket 52.8% on Analyst Upgrade, $3B Deal

Quick Look: Perficient’s stock soared after an analyst upgrade and acquisition news, peaking at $73.70. Multiple analysts upgraded Perficient, with targets ranging from $59 to $77. EQT AB announced its acquisition of Perficient for $3 billion, offering $76 per

Snapchat and new opportunities

Snapchat’s Q1 2024 Revenue Hits $1.2B, Up 9.09%, EPS at $0.03

Quick Look: Snapchat achieved $1.2B in revenue, surpassing the expected $1.1B. Reported $0.03 per share against a forecasted loss of $0.05. Daily active users reached 422M, exceeding expectations. Snapchat has delivered outstanding financial results for the first quarter of

Asian Stocks Shaky on Fed Rate Speculation

Asian Stocks Shaky on Fed Rate Speculation

Asian shares fought to maintain the slimmest of recoveries on Friday amid the speculations that the Federal Reserve might be aiming for one last interest rate hike before pausing. Read more here!

BROKER NEWS

Stocks and important factors

Meme Stocks Soar: GameStop Up 126%, AMC 88%

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased 88%, with $157M losses for short sellers. Investors’ fear of missing out, spurred by influencers like Roaring Kitty, drove the rally. Keith Gill’s return to social media significantly boosted meme stock interest and prices. Despite losses, short

roblox

Roblox Shares Drop to $50; Faces Weakening Engagement

Quick Look: Roblox reduced its fair value estimate from $60 to $50 per share due to diminishing player engagement and lowered growth expectations. Implemented platform enhancements and content curation improvements; initial results show a 20% increase in US and Canada DAUs. Following the revised bookings forecast, Roblox shares

Stocks

Summit Therapeutics Targets $3.73B Cap in Oncology Drive

Quick Look: Summit Therapeutics’s key drug in advanced trials for lung cancer, leveraging dual pathway inhibition. With a market cap of $3.73 billion and liquidity ratios at 6.97, despite a PE of -29.88. Supported by rising stock prices, ‘Buy’ ratings from Citigroup and Stifel, and robust institutional support.

perficient

Perficient Shares Skyrocket 52.8% on Analyst Upgrade, $3B Deal

Quick Look: Perficient’s stock soared after an analyst upgrade and acquisition news, peaking at $73.70. Multiple analysts upgraded Perficient, with targets ranging from $59 to $77. EQT AB announced its acquisition of Perficient for $3 billion, offering $76 per share. Notable insider sales and strong institutional interest were

Snapchat and new opportunities

Snapchat’s Q1 2024 Revenue Hits $1.2B, Up 9.09%, EPS at $0.03

Quick Look: Snapchat achieved $1.2B in revenue, surpassing the expected $1.1B. Reported $0.03 per share against a forecasted loss of $0.05. Daily active users reached 422M, exceeding expectations. Snapchat has delivered outstanding financial results for the first quarter of 2024. The company outstripped analyst predictions on key financial

Stocks and important factors

Meme Stocks Soar: GameStop Up 126%, AMC 88%

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased 88%, with $157M losses for short sellers. Investors’ fear of missing out, spurred by influencers like Roaring Kitty, drove the rally. Keith

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