During Market hours Yesterday (Wednesday – 22.12.2021):

  • The Dow (Symbol: DIA) went up 0.70%. The S&P 500 (Symbol: SPY) rose 1.00% and the Nasdaq (Symbol: QQQ) gained 1.22%.
  • Tesla (Symbol: TSLA) — Tesla shares rallied 7.5% after CEO Elon Musk said he sold “enough stock” to reach his goal of offloading 10% of his shares. On Tuesday, Musk sold another 583,611 shares, bringing the total number of shares he has offloaded to 13.5 million.
  • BlackBerry (Symbol: BB) — BlackBerry shares dropped 1.7% even after the company posted quarterly results on Tuesday that beat Wall Street expectations. The communications software maker posted a breakeven quarter on an adjusted basis, while analysts expected a loss of 7 cents per share, according to StreetAccount. However, current quarter forecasts for cybersecurity products fell shy of the StreetAccount consensus estimate.
  • Alibaba (Symbol: BABA) — Alibaba shares fell 4.2% after Atlantic Equities downgraded the Chinese e-commerce company’s stock to a neutral rating from overweight. The firm was concerned Alibaba’s shopping platforms will not improve performances in the near term.
  • Coinbase (Symbol: COIN) — Shares of the crypto services firm added 2.8% after Oppenheimer named the company a top pick for 2022, betting that adoption of digital assets by investors will continue and provide attractive returns for long-term investors. The move also comes as the bitcoin price climbs higher.
  • Paychex (Symbol: PAYX) — Paychex shares rose 5.5% after the payroll services company reported strong quarterly earnings. The company posted a profit of 91 cents per share on revenue of $1.11 billion. Analysts surveyed by StreetAccount expected earnings of 80 cents per share on revenue of $1.06 billion.

During Premarket hours today (Thursday – 23.12.2021):

U.S. weekly jobless claims total 205,000, vs 205,000 estimate

  • Novavax (Symbol: NVAX) — Novavax jumped 3.4% in the premarket after the drugmaker said a two-dose treatment of its Covid-19 vaccine demonstrated strong immune responses against the omicron variant. It did add that the response to omicron was lower than that against the original virus strain and that a booster dose would likely be helpful.
  • JD.com (Symbol: JD) — JD.com shares slumped 7.8% in premarket action, following news that China-based social media company Tencent would distribute most of its stake in the e-commerce firm to shareholders in the form of a $16.4 billion dividend.
  • Nikola (Symbol: NKLA) — Nikola added 3.9% in the premarket after saying it had completed delivery of its first electric vehicle and that more were on the way.
  • Crocs (Symbol: CROX) — The casual footwear company announced a deal to buy privately held rival Heydude for $2.5 billion in cash and stock. The two sides expect the transaction to close during the first quarter of 2022. Crocs fell 3.4% in the premarket.
  • SciPlay (Symbol: SCPL) — The digital game developer’s stock plummeted 18.2% in the premarket after it ended talks to sell itself to majority shareholder Scientific Games (Symbol: SGMS). Scientific Games shares surged 7.9%.

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