During Market hours Yesterday — (Wednesday – 23.03.2022)
- The Dow (Symbol: DIA) went down 1.36%. The S&P 500 (Symbol: SPY) fell 1.3% and the Nasdaq (Symbol: QQQ) sank 1.4%.
- Adobe (Symbol: ADBE) — Shares for the computer software company tumbled 9.3%. Adobe beat earnings, but reported a weak outlook. The company expects a $75 million hit to its business from the Russia-Ukraine conflict. In the first quarter, Adobe beat estimates by 3 cents, reporting adjusted quarterly earnings of $3.37 per share.
- Winnebago (Symbol: WGO) — Shares for the recreational vehicle maker plummeted 11.8%. Winnebago reported adjusted quarterly earnings of $3.14 per share, beating consensus estimates of $2.94 from analysts.
- GameStop (Symbol: GME) — The meme stock skyrocketed 14.5% Wednesday after GameStop Chair Ryan Cohen on Tuesday bought an additional 100,000 shares. Cohen’s stake in the video game retailer expanded to 11.9%.
- Okta (Symbol: OKTA) — Shares of Okta fell more than 10.7% a day after the digital authentication company said it found no evidence of ongoing malicious activity following a hacker breach that affected 366 customers. Okta said hackers gained only limited access.
- Boeing (Symbol: BA) — The aerospace stock lost 2.6% on Wednesday, mostly erasing Tuesday’s rebound, as investors continued to monitor the investigation of a plane crash in China. One of the two black boxes from the flight, which could reveal the reason for the crash, has been found, according to Chinese state media.
During Premarket hours today (Thursday – 24.03.2022)
- Spotify Technology (Symbol: SPOT) – Spotify shares jumped 3.7% in the premarket after it reached an agreement with Alphabet’s (Symbol: GOOGL) Google that lets subscribers sign up for the service directly through the Google Play store. Dating services operator Match Group (Symbol: MTCH) – another company that has sparred with Google over app store fees – rallied 3.4% following the Spotify news.
- Nikola (Symbol: NKLA) – Nikola soared 15.1% in premarket action after announcing electric truck production began at its Coolidge, Arizona, factory last week, meeting a goal that had been articulated during its most recent quarterly earnings report last month.
- Trip.com (Symbol: TCOM) – Trip.com jumped 6.2% in the premarket after the China-based travel services provider reported an unexpected profit for its latest quarter and revenue that exceeded analyst forecasts.
- H.B. Fuller (Symbol: FUL) – The industrial adhesives and specialty chemicals maker rallied 5.7% in the premarket after reporting better-than-expected profit and revenue for the quarter, and raising its full-year forecast. Fuller said it implemented price increases to deal with higher raw materials and logistics costs and is prepared to do so again, if necessary.
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