Author: Marc Ferrigno

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 […]

Canadian Cannabis Company Tilray Shares Spike After Reporting Quarterly Earnings

Canadian Cannabis Company Tilray Shares Spike After Reporting Quarterly Earnings

Tilray Inc.’s (NASDAQ: TLRY) shares jumped 4.88 percent to close at $48.74 a share on Tuesday. The stock traded between $46.91 and $49.12 on volume of 1.87 million shares traded. Shares of the company spiked nearly 5 percent in extended trading Tuesday after reporting quarterly earnings. The Canadian cannabis company reported revenues were $23.0 million for the first quarter of […]

Ford Makes $500 Million Minority Investment in Electric Pickup Truck Maker Rivian

Ford Makes $500 Million Minority Investment in Electric Pickup Truck Maker Rivian

Ford (F) has invested $500 million in Rivian and created a partnership which will see the two companies work together to develop a next-generation battery electric vehicle for Ford’s portfolio.  Ford said that it would build an all-new battery electric vehicle using Rivian’s flexible skateboard platform. This is in addition to Ford’s existing plans to develop a portfolio of battery […]