stock price – News Stories About stock price - Page 1

Feb 14, 2024 5:52 AM CST

Lyft Shares Surge Over an 'Uber-Typo'

Earnings report included an extra 0 on a key profitability metric

(Newser) - Shares of Lyft jumped as much as 66% in after-hours trading Tuesday thanks to a typo. The ride-sharing company's fourth-quarter earnings report had shown a closely-watched profit margin was expected to expand by 500 basis points, or 5%, this year. Lyft later announced this was "a clerical error,...

AOC Won't Work With Cruz:
'You Almost Had Me Murdered'

Jan 28, 2021 4:55 PM CST

AOC Won't Work With Cruz: 'You Almost Had Me Murdered'

'There's a lot of partisan anger and rage on the Democratic side,' senator says

(Newser) - When Rep. Alexandria Ocasio-Cortez tweeted Thursday about individual investors being blocked from buying shares of certain companies by Robinhood, a trading app, many messages of support were posted. But one responder wasn't welcome at this party, Politico reports. Republican Sen. Ted Cruz of Texas retweeted her post, which said...

Told of Opening
Price, Airbnb Boss
Is Stumped

Dec 10, 2020 4:19 PM CST

Told of Opening Price, Airbnb Boss Is Stumped

Company's valuation more than doubles for IPO

(Newser) - In preparing for its IPO, Airbnb priced its shares at $68. The stock price doubled in premarket trading to open Thursday on the Nasdaq at $146, a development that company co-founder and chief executive officer was not prepared for, Fast Company reports. That puts Airbnb at a market cap of...

A Harsh Letter,
a $16.8B Loss,
and a Plan to
Fire Zuckerberg

Jul 26, 2018 6:50 AM CDT

A Harsh Letter, a $16.8B Loss, and a Plan to Fire Zuckerberg

Facebook CEO didn't have a great week

(Newser) - Facebook shares plummeted 20% after market close Wednesday, and one person in particular felt it more than others. Bloomberg reports Mark Zuckerberg lost about $16.8 billion as a result of the dip, which would not only negate the nearly $14 billion he'd already gained this year—it would...

Elon Musk's
'Surreal' Call
Costs Him
a Lot of Money

the rundown

May 3, 2018 11:06 AM CDT

Elon Musk's 'Surreal' Call Costs Him a Lot of Money

Tesla's stock drops after CEO impatiently brushes off questions

(Newser) - Leave it to Elon Musk to turn what's normally a dry affair—a conference call with analysts—into a controversial one . The Tesla CEO's brushoff of questions he didn't like on Wednesday continues to take a toll, with the company's stock down 7% as of Thursday...

Netflix Claims Credit-Card Chips Messed Up Its Growth

Oct 15, 2015 7:23 AM CDT

Netflix Claims Credit-Card Chips Messed Up Its Growth

Not everyone is buying finger-pointing at new fraud-prevention technology

(Newser) - Everyone who is too lazy or forgot to update their credit card numbers online can blame themselves for Netflix's slow US subscriber growth. That's the company's excuse, anyway, revealed in a Wednesday letter to shareholders that says it didn't hit its subscriber growth forecast partly due...

At Long Last, Facebook
Returns to IPO Price

Jul 31, 2013 10:08 AM CDT

At Long Last, Facebook Returns to IPO Price

Report for ad plan sends stock price soaring

(Newser) - If you were one of the investors who bought into the Facebook IPO hype on day one, take heart—you're finally back where you started! The stock crossed the magic $38 mark in premarket trading this morning, Mashable reports, after closing just a hair shy of the mark yesterday....

Facebook Trades Below $20

Aug 2, 2012 1:16 PM CDT

Facebook Trades Below $20

Stock falls below psychological threshold in wake of earnings

(Newser) - Remember when financial columnist Mark Hulbert suggested that Facebook shares should cost $13.80 ? Well, it's looking more and more likely. Shares dipped below $20 in trading today, at one point hitting $19.90, according to the Wall Street Journal . "There's huge negative sentiment and there...

Facebook IPO: The Emperor Has No Clothes

OPINION Roundup

May 21, 2012 11:17 AM CDT

Facebook IPO: The Emperor Has No Clothes

Stock's rough first day has pundits asking if it's DOA

(Newser) - Facebook had a disappointing first day on the market, so much so that Dana Blankenhorn of TheStreet is calling the relatively cheery media coverage surrounding it "one of the great frauds in American history." Blankenhorn's reasoning: "If I can barely sell 15% of something at $38...

Facebook Stock Plummets

May 21, 2012 9:52 AM CDT

Facebook Stock Plummets

Second day on the market goes poorly without underwriter support

(Newser) - Facebook's underwriters pulled off the training wheels today, and the infant stock fell—hard. After a lackluster first day on the market, Facebook shares fell some 12% in the first minute of trading this morning, Reuters reports, dropping below the $38 IPO price to $33.67, where it continues...

Amazon Profit
Plummets 73%

Oct 25, 2011 6:27 PM CDT

Amazon Profit Plummets 73%

Company cites pricey investments in streaming, Kindle Fire

(Newser) - Amazon.com's lavish spending has cut into profits and left investors rattled, the Wall Street Journal reports. The company announced a dizzying 73% drop in third-quarter profit today and saw its stock fall by 12%, or $28, to $198 in after-hours trading. The reason: Amazon is investing big-time in...

BP Can't Explain Diving Stock

Jun 10, 2010 10:49 AM CDT

BP Can't Explain Diving Stock

Company 'is not aware of any reason' for price drop

(Newser) - It’s probably not terribly surprising that BP’s stock hit a 13-year low this morning—unless, apparently, you’re BP. The company put out a statement last night saying that it was “not aware of any reason which justifies this share price movement.” Well, the Wall Street ...

Hef Sued for
Not Selling Playboy

won't give up 'busty blonds'

Feb 9, 2010 7:09 AM CST

Hef Sued for Not Selling Playboy

Shareholder claims Hugh Hefner sabotaged two deals

(Newser) - At 81, Hugh Hefner is still attending glamorous parties with decades-younger models on each arm, but his company is languishing—and one shareholder has had enough. A class action lawsuit obtained by TMZ alleges that Hef has sabotaged two deals to sell Playboy. The suit cites an analyst's note that...

Companies Hobbled by Fewer Wall St. Analysts

May 26, 2009 11:00 AM CDT

Companies Hobbled by Fewer Wall St. Analysts

(Newser) - The turmoil on Wall Street has left fewer analysts covering companies of all sizes, the Journal reports, leaving smaller operations struggling to connect with investors. Since September, there have been more than 2,200 instances of analysts formally dropping coverage—nearly a quarter of all research. That plunge has been...

Firms Reprice Employees' Worthless Stock Options

Mar 7, 2009 11:12 AM CST

Firms Reprice Employees' Worthless Stock Options

Repricing plans toss lifeline to 'underwater' stock option holders

(Newser) - Major firms are trying to boost morale by giving workers another chance to profit on stock options made worthless by the stock market dive, the Washington Post reports. Many employees—especially execs—are currently stuck with "underwater" options with a strike price above the trading price. Close to...

Citi Posts $8.3B Loss,
Prepares to Split in Two

Jan 16, 2009 7:52 AM CST

Citi Posts $8.3B Loss, Prepares to Split in Two

Still smarting from bad mortgage bets, the company will split to remain solvent

(Newser) - Citigroup lost $8.29 billion in the fourth quarter—twice as much as expected—as the credit crisis continues to batter big banks, Bloomberg reports. The bank suffered a net loss of $1.72 per share, falling far short of analysts’ estimates. Citigroup, which lost 77 percent of its trading...

More Health Rumors About Jobs Hit Apple's Stock

Dec 30, 2008 7:48 PM CST

More Health Rumors About Jobs Hit Apple's Stock

(Newser) - More rumors regarding the health of Steve Jobs put a crimp in Apple's stock today, the Street reports. The company's stock had been trading in positive territory until the tech blog Gizmodo quoted an anonymous but "100% reliable" source as saying Jobs' health is "rapidly declining." After...

British Airways in Merger Talks with Qantas

Dec 2, 2008 10:15 AM CST

British Airways in Merger Talks with Qantas

Shares soar 12% on news

(Newser) - British Airways is in talks with Australia's Qantas Airways about a potential merger, the firm said today, sending its shares soaring as it fueled expectations of consolidation in the hard-hit aviation industry. Already pursuing a revenue-sharing deal with American Airlines and Spain's Iberia SA, BA said it’s exploring a...

Big Oil Takes Big Hit in Stocks' Dive

Oct 7, 2008 2:57 PM CDT

Big Oil Takes Big Hit in Stocks' Dive

Demand slows, but company coffers plenty full ... for now

(Newser) - Oil companies’ stocks are plummeting, but the majors are comfortable with long-term plans and bulging coffers, the Wall Street Journal reports. The global economy is pushing crude prices down, and analysts think measures are necessary to keep share prices up. But larger outfits like Exxon made investments based on lower...

SEC Halts Short Selling
on Financial Stocks

Sep 19, 2008 6:56 AM CDT

SEC Halts Short Selling on Financial Stocks

SEC suspends practice blamed for downward market pressure

(Newser) - The SEC temporarily banned short-selling of 799 financial companies today, an “emergency action" aimed at slowing sliding stock prices that have rattled investors’ confidence in recent weeks, CNNMoney reports. The practice, in which in investors borrow stock and sell it, hoping to buy it back cheaper and pocket the...