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Why Upstart Stock Jumped 53% in December

2 years 9 months ago
Shares of lending-technology company Upstart (NASDAQ: UPST) jumped 52.7% in December, according to data provided by S&P Global Market Intelligence. As much as the bulls might want to celebrate, the reality is that the company's recent stock performance appears more related to

Dollar Gains as FOMC Minutes Signal No Imminent Fed Rate Cut

2 years 9 months ago
The dollar index (DXY00 ) on Wednesday rose by +0.27% and posted a 2-1/2 week high. Weakness in stocks on Wednesday boosted the liquidity demand for the dollar. The dollar also found support from the minutes of the Dec 12-13 FOMC meeting that said policymakers agreed it would be appropriate...

Why Renewable Energy Stocks Plunged on Wednesday

2 years 9 months ago
The stock market is having a rough start to 2024, and that's causing the renewable energy industry to give back a lot of what was gained late in 2023. Today, stocks dropped because the Federal Reserve's meeting minutes from December were released and weren't as rosy as the market

Noteworthy Wednesday Option Activity: FDX, TGT, AMZN

2 years 9 months ago
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in FedEx Corp (Symbol: FDX), where a total of 27,411 contracts have traded so far, representing approximately 2.7 million underlying shares. That amounts to about 80.1% of

Noteworthy Wednesday Option Activity: ENPH, GS, MRNA

2 years 9 months ago
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Enphase Energy Inc. (Symbol: ENPH), where a total volume of 51,661 contracts has been traded thus far today, a contract volume which is representative of approxi

Notable Wednesday Option Activity: HSY, UAL, AAL

2 years 9 months ago
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Hershey Company (Symbol: HSY), where a total volume of 8,085 contracts has been traded thus far today, a contract volume which is representative of approximately

Alphatec Holdings (ATEC) Shares Cross Below 200 DMA

2 years 9 months ago
In trading on Wednesday, shares of Alphatec Holdings Inc (Symbol: ATEC) crossed below their 200 day moving average of $14.46, changing hands as low as $14.31 per share. Alphatec Holdings Inc shares are currently trading off about 2.6% on the day. The chart below shows the one

Can China Woo Back Foreign Investors?

2 years 9 months ago
The Chinese government’s mixed messages are whipsawing markets and keeping foreign investors wary of investing in China. Last year, Chinese President Xi Jinping tried to woo back foreign capital while also trying to reshape China’s business environment. President Xi is attempting to promote policies that will revive an economy that...
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