During Market hours yesterday — (Tuesday – 22.06.2021):
- The Dow (Symbol: DIA) gained 0.20%. The S&P 500 (Symbol: SPY) went up 0.53% and the Nasdaq (Symbol: QQQ) jumped 0.93%.
- Peloton (Symbol: PTON)— Shares of the stationary bike company jumped 8.38% after announcing the launch of a corporate wellness program as Peloton aims to reach new users and grow its membership base. Businesses that sign up will be able to offer employees subsidized access to Peloton’s digital fitness membership and its high-end cycles and treadmills.
- GameStop (Symbol: GME)— The video game retailer’s shares gained 10% after the company said it sold 5 million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit-favorite meme stock jumped as much as 12.7% at one point as investors were encouraged by the move and looked past the dilution of their stakes.
- MicroVision (Symbol: MVIS)— The laser technology company saw its share price sank 10.58% after it said it would sell up to $140 million of stock “from time to time” and use the funds to general corporate purposes.
- MicroStrategy (Symbol: MSTR)— MicroStrategy shares closed 5.13% lower after the price of bitcoin briefly fell below the $30,000 level Tuesday morning. The business intelligence firm holds a significant amount of bitcoin in its corporate treasury; the company announced it owned over 100,000 bitcoins after its latest purchase Monday.
- Nvidia (Symbol: NVDA)— Shares of the chipmaker rose 2.5% after Raymond James reiterated its “strong buy” rating on the stock and hiked its price target to $900 per share from $750. Analyst Chris Caso said even considering Nvidia’s 23% rally over the last month, the company is showing signs of momentum and should be set for strong performance in several of its business segments in the quarters ahead.
- CrowdStrike (Symbol: CRWD)— Shares of CrowdStrike jumped 7.96% after Stifel upgraded the cybersecurity stock to a buy rating. Stifel hiked its price target for CrowdStrike to $300 per share, 26% higher than the stock’s closing price on Monday.
- Sally Beauty Holdings (Symbol: SBH)— Shares of the beauty retailer rose jumped 13.6% after Cowen and Oppenheimer upgraded the stock to outperform. The investment firms said in separate notes to clients that the stock looked attractive after a recent slide, with Cowen highlighting Sally Beauty’s improvements during the pandemic.
- Cruise lines — Shares of cruise lines retreated. Royal Caribbean (Symbol: RCL) and Carnival (Symbol: CCL) dropped about 2%, while Norwegian (Symbol: NCLH) slid about 1.7%.
- Airlines — Airline stocks also took a hit. American Airlines (Symbol: AAL) , and Alaska Air Group (Symbol: ALK) each dipped more than 1.25% while United Airlines (Symbol: UAL) and Delta Air Lines (Symbol: DAL) shed about 0.9%.
During Premarket hours today – (Wednesday – 23.06.2021):
- GlaxoSmithKline (Symbol: GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.
- MicroStrategy (Symbol: MSTR) – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.
- Shake Shack (Symbol: SHAK) – Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.
- Microsoft (Symbol: MSFT) – Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session. Apple (Symbol: AAPL), currently worth $2.2 trillion, was the first.
- Carrier Global (Symbol: CARR) – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.
- Alphabet (Symbol: GOOGL) – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.
- Xpeng (Symbol: XPEV) – Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 4% in the premarket.
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