During Market hours on Friday – 25.03.2022

Below some of the most representative highlights:

  • The Dow (Symbol: DIA) went up 0.43%. The S&P 500 (Symbol: SPY) gained 0.49% and the Nasdaq (Symbol: QQQ) lost 0.08%.
  • Bed Bath & Beyond (Symbol: BBBY) — Shares of the home goods retailer popped more than 2% after the company announced that three people from activist investor Ryan Cohen’s firm, RC Ventures, will immediately join Bed Bath & Beyond’s board.
  • Nio (Symbol: NIO) — The U.S.-traded shares of the Chinese electric vehicle maker dropped 9% after Nio reported its fourth-quarter results. Nio’s fourth-quarter revenue beat expectations, but its forward guidance came in below StreetAccount estimates.
  • Joby Aviation (Symbol: JOBY) — The electric aviation company’s stock jumped 12% on the back of its latest quarterly results. Joby reported earnings of 1 per share after losing 31 cents per share in the year-earlier period. Morgan Stanley also reiterated the stock as overweight, noting that Joby continues to gain steam and take “meaningful steps forward in the certification and manufacturing process.”
  • Honest Company (Symbol: HNST) — Shares of the consumer goods company plummeted 22.5% on the back of mixed quarterly numbers. The Honest Company said it lost 10 cents per share on $80.4 million in revenue. Analysts expected a loss of 6 cents per share on $84.6 million in revenue, according to Refinitiv.
  • Alibaba (Symbol: BABA), JD.com (Symbol: JD) — Chinese technology stocks listed in the U.S. fell again on Friday, as they continue to face increased scrutiny in China and potential U.S. delistings. Alibaba fell 1.9%, JD.com lost 2.6%, and Pinduoduo (Symbol: PDD) slid 1.5%. Didi Global (Symbol: DIDI) plummeted nearly 14%.

During Premarket hours today (Monday – 28.03.2022):

  • Tesla (Symbol: TSLA) — Tesla will ask shareholders to authorize the issuance of additional shares at the upcoming annual meeting, according to a company tweet. The additional shares would enable the company to split its stock. Tesla jumped 5.4% in the premarket.
  • Beyond Meat (Symbol: BYND) — Beyond Meat slid 5.1% in the premarket after Piper Sandler downgraded the stock to “neutral” from “underweight.” Piper points to increasing competition for plant-based meat substitutes, as well as lower positive expectations for the impact of a nationwide McDonald’s (MCD) launch.
  • Coinbase (Symbol: COIN) — The cryptocurrency exchange operator is reportedly near a deal to buy 2TM, the parent of Brazilian cryptocurrency brokerage Mercado Bitcoin, according to a local newspaper. The paper said a deal could be closed by the end of April. Coinbase rallied 4.2% in the premarket.
  • AMC Entertainment (Symbol: AMC) — AMC CEO Adam Aron told Reuters the company would strike more “transformational” deals, following its $27.9 million investment in gold and silver mine operator Hycroft Mining (Symbol: HYMC) earlier this month. AMC added 2.2% in the premarket, while Hycroft – a microcap stock with a market value of $77.3 million as of Friday’s close – surged 32.8%.

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