Bed Bath & Beyond Inc BBBY shares are diving in Monday’s after-hours session after the stock rocketed higher earlier in the day. The company proposed an offering following a nearly 100% gain in Monday’s regular trading session. What To Know: Bed Bath & Beyond has proposed an underwritten public offering of shares of the company’s Series A convertible preferred stock,... Read more
Bed Bath & Beyond Inc BBBY shares are trading higher by 25.71% to $3.54 Thursday afternoon. Shares of companies in the retail & apparel space are trading higher amid overall market strength following strong fourth-quarter earnings from Meta. Wednesday’s Fed decision to raise rates by 25 basis points has also helped lift stocks. Bed Bath &... Read more
We’re going against the current and moving Alphabet (NASDAQ:GOOG) to hold. Our bearish sentiment on the stock is driven by our belief that Alphabet is not immune to the current economic downturn. We believe Alphabet’s main revenue, advertising, and long-term growth driver, Google Cloud, will be under pressure in 1H23 due to macroeconomic headwinds. Alphabet... Read more
Amazon.com, Inc. AMZN shares are trading higher by 6.05% to $111.50 during Thursday’s session amid overall market strength and in anticipation of today’s fourth-quarter earnings report. Strong results from Meta Platforms Inc META have lifted other tech stocks as well. Meta Platforms reported fourth-quarter earnings per share of $1.76, missing a Street estimate of $2.22. The company said earnings per... Read more
Berger Financial Group Inc trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,405 shares of the iPhone maker’s stock after selling 936 shares during the quarter. Apple... Read more
Alphabet (NASDAQ:GOOG) has made a bit bet in increasing the buyback program. The company has already spent close to $60 billion on buybacks in the trailing twelve months. Apple (AAPL) is in first place in terms of buybacks with $85 billion allotted to it over the last four quarters. It is likely that Alphabet’s management... Read more
Stock splits have been a regular occurrence in the market over the last several years, with many companies aiming to boost liquidity within shares and knock down barriers for potential investors. In 2022, several companies performed splits, including Alphabet (GOOGL Quick QuoteGOOGL – Free Report) , Tesla (TSLA Quick QuoteTSLA – Free Report) , Shopify... Read more
All eyes will be on Amazon.com, Inc. (NASDAQ:AMZN) when it reports fiscal fourth quarter results after market close tomorrow, February 2. The currently-prevalent recessionary environment has weighed down on the results of e-commerce companies across the globe, and investors would be anxiously waiting to see how Amazon’s revenue gets impacted as well. But in addition... Read more
BENGALURU, Jan 31 (Reuters) – Entities of billionaire Gautam Adani on Tuesday pledged more shares of the conglomerate’s port unit as security to lenders, an exchange filing showed, amid a rout in the group’s stocks following a scathing short-seller attack. Emerging Market Investment and Flourishing Trade and Investment pledged a 2.69% stake in the Adani... Read more
Keybank National Association OH reduced its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,467,383 shares of the iPhone maker’s stock after selling 79,179 shares during the quarter. Apple comprises approximately 4.7% of... Read more
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