During Market hours yesterday – (Monday – 18.04.2022)
- The Dow (Symbol: DIA) went down 0.06%. The S&P 500 (Symbol: SPY) gained 0.04% and the Nasdaq (Symbol: QQQ) went up 0.08%.
- Twitter (Symbol: TWTR) — Shares rose 7.5% after Twitter announced Friday that the board adopted a limited duration shareholder rights plan, often referred to as a “poison pill.” The move comes after billionaire Elon Musk offered to buy the company for $43 billion.
- Bank of America (Symbol: BAC) — Shares jumped 3.4% after Bank of America reported an earnings beat on Monday. Bank of America topped expectations in the first quarter with earnings of 80 cents per share and $23.33 billion in revenue, helped by strength in consumer lending. Analysts surveyed by Refinitiv expected earnings of 75 cents per share and $23.2 billion in revenue.
- Synchrony Financial (Symbol: SYF) – Shares of the financial services firm advanced 6.2% after the company reported a beat on quarterly profit and revenue estimates. The board also approved a $2.8 billion addition to the company’s stock buyback plan and a 5% dividend increase to 23 cents per share.
- Charles Schwab (Symbol: SCHW) — Shares of Charles Schwab fell 9.4% after the company missed analyst estimates on the top and bottom lines in the first quarter. The company reported earnings per share of 77 cents on $4.67 billion in revenue. Analysts expected 84 cents per share on revenue of $4.83 billion.
- Southwest Gas (Symbol: SWX) — The utility stock rose 5.7% after Southwest Gas said its board had authorized the review of a full range or strategic alternatives, after receiving what it called an “indication of interest” well in excess of investor Carl Icahn’s $82.50 per share offer.
- Didi Global (Symbol: DIDI) — Shares dropped 18.3% after the China-based ride-hailing firm reported a 12.7% drop in fourth-quarter revenue compared with a year earlier. The company announced a shareholding meeting would be held on May 23 to vote on delisting from the New York Stock Exchange.
- Sirius XM Holdings (Symbol: SIRI) — The satellite radio stock shed 3.1% after a downgrade to underweight from Morgan Stanley. Production issues for new cars, which are a major area of new subscribers for Sirius, could hurt the stock, Morgan Stanley said.
During Premarket hours today – (Tuesday – 19.04.2022)
- Netgear (Symbol: NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market for WiFi equipment.
- Zendesk (Symbol: ZEN) – Zendesk jumped 6.1% in premarket trading following a Bloomberg report that the customer service software developer is exploring a possible sale. Zendesk is said to have hired adviser Qatalyst Partners to assist in the process.
- Acadia Pharmaceuticals (Symbol: ACAD) – Acadia Pharmaceuticals slid 7.7% in premarket action after the drugmaker said its experimental drug to treat post-operative pain did not meet its primary goal in a Phase 2 study.
- Plug Power (Symbol: PLUG) – The hydrogen fuel cell company’s stock jumped 6.6% in premarket action after it announced an agreement to supply liquid green hydrogen to Walmart (WMT).
- American Campus Communities (Symbol: ACC) – The student housing real estate investment trust agreed to be bought by Blackstone (BX) in a deal worth $12.8 billion, including debt. American Campus Communities leaped 12.9% in the premarket.
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