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Tesla Continues to Face Downward Pressure after Price Reductions

Tesla Continues to Face Downward Pressure after Price Reductions

Tesla Inc. (NASDAQ: TSLA) shares fell sharply on Wednesday after the company announced price reductions of $3,000 on its Model S sedan and $2,000 on its Model X SUV. Additionally, Citigroup analyst Itay Michaeli lowered its price target on Tesla to $191 per share, almost a 20 percent reduction, and maintained a “sell” rating on the company. Tesla has been […]

Qualcomm Shares Sent Tumbling After Losing Antitrust Case

Qualcomm Shares Sent Tumbling After Losing Antitrust Case

Chip stocks fell Tuesday after Judge Lucy Koh of Federal District Court in San Jose, California, ruled that Qualcomm, Inc. (NASDAQ: QCOM) violated antitrust law. According to the ruling, Qualcomm must change the way it does business and renegotiate license deals with its customers. “Qualcomm’s licensing practices have strangled competition in the CDMA and premium LTE modem chip markets for […]

Array Biopharma on the Rise after Colorectal Cancer Trial Success

Array Biopharma on the Rise after Colorectal Cancer Trial Success

Array Biopharma Inc.’s (NASDAQ: ARRY) shares spiked 22.95 percent to close at $25.77 a share on Tuesday. The stock traded between $21.94 and $26.82 on volume of 20.03 million shares traded. Shares of Array Biopharma have soared nearly 85 percent in 2019. Array’s stocks was sent soaring after the company reported positive results from its Phase 3 BEACON CRC clinical […]

Uber Shares Continue to Stumble Following Lackluster IPO

Uber Shares Continue to Stumble Following Lackluster IPO

On Monday, shares of Uber Technologies, Inc. (NYSE: UBER) fell 10.75 percent to close at $37.10 in its first full day of trading on the New York Stock Exchange. The stock is now down roughly 18 percent from Friday’s initial public offering price of $45 a share. PayPal was amongst the biggest losers from the Uber IPO as it had […]

Teva Shares Plunge Admist Allegations of a Drug Pricing Conspiracy

Teva Shares Plunge Admist Allegations of a Drug Pricing Conspiracy

On Monday, shares of Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) plunged 14.83 percent to close at 12.23 a share. Teva Pharmaceutical is an international drug manufacturer that is based in Israel. It manufactures generic drugs for supply to the masses. It largely transacts in the procurement of the ingredients used in the processing of pharmaceuticals. The 44 U.S. states, led […]

Snapchat Shares Spike as Rival App Shutdown

Snapchat Shares Spike as Rival App Shutdown

Snap Inc. (NYSE: SNAP)’s stock received a boost on Thursday after a competing messaging app was shutdown. On Thursday, Instagram announced that it would be shutting down Direct, Instagram’s direct messaging app that was being tested to rival Snapchat. “We’re rolling back the test of the standalone Direct app,” a spokesperson said in a statement provided to TechCrunch. “We’re focused […]

Shopify Shares Fall After Receiving Another Analyst Downgrade

Shopify Shares Fall After Receiving Another Analyst Downgrade

Shopify Inc.’s (NYSE: SHOP) stock stumbled in early trading Tuesday after receiving another analyst downgrade. On Tuesday, Morgan Stanley analyst Brian Essex downgraded the company’s rating to “underweight” from “equal weight”. “Less than half of the company’s revenue is subscription and therefore not deserving of a full SaaS multiple,” he said in a report to clients. Shopify was also downgraded […]

Nvidia Back on an Upward Trajectory after Strong Earnings

Nvidia Back on an Upward Trajectory after Strong Earnings

Shares of (NVIDIA Corporation NASDAQ: NVDA) spiked in aftermarket trading after reporting quarterly results that topped analysts’ expectations. The company reported revenues were $2.22 billion for the first quarter of fiscal 2019, down when compared with $3.21 billion a year ago, but above analysts’ expectations of $2.20 billion, according to Refinitiv. Earnings, excluding certain items, were $0.88 per share for […]

BERLIN, GERMANY - FEBRUARY 15:  In this photo illustration model Bitcoins lying on Dollar bills on February 15, 2016 in Berlin, Germany. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images)

GameStop, Nordstrom and Whole Foods Now Accept Bitcoin through New App

Bitcoin prices continue to surge, while U.S. markets slump as a result of a potential trade war between the U.S. and China. Bitcoin is now trading above the $8,000 threshold, the highest it’s been in over nine months. Prices for the cryptocurrency have soared approximately 60.84 percent in the past month, or $3,086.14. While Bitcoin has benefitted from geopolitical tensions, […]