(RTTNews) - Stocks showed a significant move to the upside during trading on Monday, regaining some ground after moving notably lower last week. The major averages all moved sharply higher, with the tech-heavy Nasdaq posting a standout gain.
What happened
Special purpose acquisition companies (SPACs) aiming to capitalize on the popularity of renewable energy by buying start-up electric vehicle (EV) companies got routed last week. It was collateral damage of a short attack against one of their peers, Nikola.
What happened
Shares of online retailer Overstock.com (NASDAQ: OSTK) jumped 15% today as of 3:50 p.m. EDT. The stock has been on a bit of a roller coaster ride just over the past few trading sessions, with increases as much as 20% and drops over 10%.
Less than a week after investors learned that AstraZeneca (NYSE: AZN) had paused the clinical trials testing its coronavirus vaccine, AZD1222, the U.K.'s Medicines Health Regulatory Authority (MHRA) determined it was safe for the company to restart the studies.
What happened
Shares of VBI Vaccines (NASDAQ: VBIV) were jumping 12.7% higher as of 3:22 p.m. EDT on Monday. The solid gain came after the company announced it would present additional biomarker data from the ongoing phase 1/2a clinical study evaluating VBI-1901 in recurring gli
What happened
Shares of gambling giant Caesars Entertainment (NASDAQ: CZR) jumped as much as 12.3% in trading Monday after announcing a big new partnership. The stock bounced mid-day and is still up 9% in trading at 3:05 p.m. EDT.
Ferrari (NYSE: RACE) is a luxury car company that produces some of the world's most sophisticated and technologically advanced cars on the market. The company is also a prominent figure in Formula 1 racing, makes engines for Maserati, and has even licensed its brand for consumer
Aiming to break into the wellness market and help people shed COVID-19-related anxiety, PepsiCo (NASDAQ: PEP) unveiled a fresh product today, an L-theanine-infused beverage dubbed Driftwell. Described as a sleep aid to promote bedtime relaxation, PepsiCo's latest drink features
In a new regulatory filing on Monday, JFrog raised the price range of its upcoming stock offering to a range of $39 to $41, up from a range of $33 to $37. With as many as 9,735,232 shares being offered, this increases the amount the JFrog could raise to as much as $399 million a
The entertainment industry will spend more money than ever on content production in 2020 despite the COVID-19 shutdowns in the spring and summer. The production surge is led by digital-streaming services, and nobody is spending more on new content than Netflix (NASDAQ: NFLX). Th
While the human toll from COVID-19 is apparent, the economic toll varies, as the pandemic is affecting certain industries more than others. The gaming industry, with governments restricting gatherings, is one of the most severely impacted.
What happened?
Shares of Inovio Pharmaceuticals (NASDAQ: INO) are up by 7.6% as of 11:59 a.m. EDT on Monday, after rising by as much as 9.1% earlier in the day. The biotech didn't report any news but is probably benefiting from an overall stock market rebound.
ByteDance's TikTok, known as Douyin in China, became one of the world's most popular social media apps by attracting over 800 million monthly active users in just four years with its database of short, user-created videos.
(RTTNews) - After moving sharply higher early in the session, stocks continue to see substantial strength in mid-day trading on Monday. The major averages have all shown strong moves to the upside, with the tech-heavy Nasdaq posting a standout gain.
What happened
Shares of computer-memory maker Micron (NASDAQ: MU) are up a strong 6.7% in mid-morning trading Monday, at around 10:50 a.m. EDT. If you own shares of the stock, you can thank Goldman Sachs for that.
Alibaba (NYSE: BABA) is reportedly poised to make a $3 billion investment in Asian ridesharing company Grab by buying a portion of the stake owned by Uber Technologies (NYSE: UBER).
Married couples have lots of different options for strategizing to increase their Social Security benefits. While you may assume you lose that ability if you divorce, that's not necessarily the case.