Latest Post

RBC top analyst sees comeback Anti-abortion states are divided on how to enforce the ban, prosecute or surveil doctors


Amazon is “definitely a stock unto itself,” according to Sid Choraria, a senior portfolio manager who previously caught the attention of Warren Buffett.

Claus-Dietmar Gabert | Picture Alliance | Getty Images

Take a look at the companies making headlines in afternoon trading on Monday.

coinbase, micro strategy – Shares of cryptocurrency-related companies fell sharply as the price of bitcoin and other digital tokens declined. Crypto exchange Coinbase dropped more than 11%, while software name and large bitcoin holder Microstrategy fell 25%. bitcoin falls below $23,000 On Monday, it hit its lowest level since December 2020, as investors dumped the cryptocurrency amid a broad selloff in riskier assets.

astra space – Shares of the rocket builder fell 23% after NASA satellites failed to reach orbit after its launch over the weekend. Astra’s rocket LV0010 took off on Sunday From Launch Complex 46 in Cape Canaveral, Florida, carrying two satellites on NASA’s Tropics-1 mission. The mission represents the company’s second mission failure in three launches this year.

Revlon — Shares fell more than 42% after Friday’s report said the cosmetics company was preparing to file for bankruptcy earlier this week. Wall Street Journal report Quoting unnamed sources, Revlon is grappling with a high debt load, increased competition and greater supply chain pressure.

DocuSign – Shares of the software company fell again on Monday, falling more than 10%. This follows Friday’s 24% drop on the company’s heels First quarter earnings down And cut billing growth guidance. The stock also received another downgrade from Wall Street, with Wolfe Research moving the stock from peer to underperforming.

prologis — Shares of the warehouse giant fell more than 7% after the company said it would acquire its smaller rival Duke Realty in an all-stock deal valued at approximately $26 billion, In the vote of confidence for the red hot industrial real estate sector, including loans.

heroine, Tesla – Beaten-up tech stocks took a hit during Monday’s intense selloff. Amazon dropped 5.5%, while Tesla was down about 7.1%. Netflix dropped 7.2%, while the meta platform dropped 6.4%. The tech-heavy Nasdaq Composite slipped 4.7% to a 52-week low.

zendesk –Software stock fell more than 7% after Morgan Stanley downgraded the name from overweight to equal weight. Morgan Stanley sees some near-term catalysts after Zendesk management’s decision to remain independent. The Wall Street firm also noted that Zendesk’s customer base is more cyclically sensitive.

— CNBC’s Jesse Pound and Sarah Min contributed reporting.

subscribe to CNBC Pro For exclusive insights and analysis, and live Business Day programming from around the world.



Source link

Leave a Reply

Your email address will not be published.