June 15, 2020 9:49 am
Shares in BP dropped 5% in Monday trading, leading the oil sector to a slump. Earlier today, the oil company stated its predictions for suffering up to a $17.5 billion slash in its second-quarter earnings. This forecast is based on the lower oil prices which were a result of the pandemic. Recently, the company reported […]
Read moreJune 12, 2020 1:48 pm
US stocks surged nearly 2% in premarket trading Friday, recovering from the big dive on the previous day. Shares in Adobe Inc. surged 5.2% before the start of the trading session. The reason for the interest in the company is its report for a quarterly profit that surpassed analysts’ expectations. During the pandemic crisis, the […]
Read moreJune 12, 2020 9:02 am
The Friday trading session was not very successful for Japanese stocks, as the Paper & Pulp, Railway & Bus and Real Estate sectors declined. The Nikkei 225 dipped 0.74% at the close of the trading session. This being said, Z Holdings Corp., also known by its former name, Yahoo Japan, was the top performer, with […]
Read moreJune 11, 2020 2:39 pm
Shares in Regeneron Pharmaceuticals gained 2.69% in premarket trading Thursday. The company piqued investors’ interest as it announced the start of its first clinical trials of antibody combinations for the treatment of COVID-19. The testing of the antibody cocktail, which is known as REGN-COV2, will be carried out on four different groups of people. Regeneron […]
Read moreJune 11, 2020 9:54 am
Shares in Just Eat Takeaway declined 2.5% in the early hours of Thursday trading. This marks a second day of decline, with the Just Eat Takeaway shares dipping more than 13% at the close of the market on Wednesday. Even though the company announced its plans for acquiring the US chain Grubhub, investors were skeptical […]
Read moreJune 10, 2020 2:45 pm
Shares in Five Below gained over 11% in premarket Wednesday trading, making the company one of the top performers before the start of the trading session. Even though the company announced huge first-quarter losses, investors believe that Five Below may start recovering soon. For the first quarter of 2020, Five Below reported non-GAAP earnings of […]
Read moreJune 10, 2020 9:44 am
While US stocks were mixed on Tuesday, one of the worst performers was AMC Entertainment Holdings. The shares of the movie theater company dropped 7% on Tuesday after it announced its first-quarter earnings. The net losses that the company reported for the first quarter of 2020 amounted to $2.2 billion. Due to the global pandemic […]
Read moreJune 9, 2020 2:52 pm
Despite the strong beginning of the week on Monday, US stocks were lower in premarket Tuesday trading. Even though airline stocks gave investors hopes for economic recovery after resuming flights, Delta Air Lines declined more than 6% in premarket trading. These results came after the massive gains on Monday, prompted by the reopening of businesses […]
Read moreJune 9, 2020 10:04 am
European shares traded lower on Tuesday, with the STOXX Europe 600 Index declining 0.3% in the early trading session. One of the worst performers was British American Tobacco since its shares dropped 2.8%. The reason for the decline was the company’s adjusted forecast for a lower revenue due to the lockdowns during the pandemic. The […]
Read moreJune 8, 2020 12:58 pm
On Saturday, OPEC+ announced that it will extend the deal on record output cuts and this led to a jump in the price of crude oil. As a result, the shares of Royal Dutch Shell gained over 3% in Monday trading. The extension of the cut of around 10 million barrels of oil was a […]
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