Tesla Inc shares fell for a second straight day on Tuesday, as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk. The electric-car maker’s shares were recently down 11.6 percent at $1,026. They were on track to shed some $133 billion in market capitalization, far more than the…
Tesla Shares Skid Again as Investors Brace for Possible Musk Stock Sale
Allot Shares Fall on Narrowing FY21 Revenue Outlook
Allot Ltd. reported third-quarter FY21 revenue growth of 10 percent year-on-year to $38.2 million, beating the estimate of $37 million. Margin The non-GAAP gross margin expanded 140 bps to 70.4 percent. Non-GAAP EPS loss of $0.00 beats the analyst estimate loss of $0.05. Allot held $99.2 million in cash and equivalents and used $5.5 million…
SoftBank Group to Buy Back Up to 14.6 Percent of Shares
November 8, 2021
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TOKYO—SoftBank Group Corp. said on Monday it would buy back up to one trillion yen ($8.82 billion) of its own shares, or 14.6 percent of outstanding stock. The plan comes after the Japanese conglomerate completed a record 2.5 trillion yen buyback in May. ($1 = 113.3500 yen)
Kaisa, Units Trading Suspended as China Property Debt Crisis Routs Developers’ Shares
November 5, 2021
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HONG KONG/SHANGHAI—Kaisa Group Holdings Ltd. and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China’s snowballing property debt crisis jolts other developers. Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth management product, said in a statement on Thursday it…
StanChart Flags Flat Annual Income Despite Strong Q3 Profit; Shares Drop
LONDON—Standard Chartered forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday. CEO Bill Winters, who has won plaudits from investors for repairing the balance sheet and slashing thousands of jobs since taking the top…
Global Shares Mixed as Investors Await Central Bank Moves
November 2, 2021
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TOKYO—Global shares were mixed Tuesday amid cautious trading ahead of a policy meeting by the U.S. Federal Reserve. France’s CAC 40 rose 0.2 percent to 6,904.57, while Germany’s DAX gained 0.2 percent to 15,837.55. Britain’s FTSE 100 dipped 0.5 percent to 7,254.78. The future for the Dow industrials inched less than 0.1 percent lower to…
Wall Street Rally, Japan Election Drive Asian Shares Higher
November 1, 2021
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Stocks advanced in Asia on Monday, with Tokyo’s benchmark up 2.2 percent after the ruling Liberal Democrats won a stronger than expected majority in an election Sunday. Shares rose in all regional markets except Hong Kong. The regional gains followed further milestones on Wall Street, where the three major indexes set records. The S&P 500…
Amazon Analysts Break Down Q3 Earnings: ‘Would Be Buyers on Weakness’
Amazon.com Inc. (AMZN) shares dropped 2.9 percent on Friday after the company reported an ugly earnings miss and disappointing guidance. Amazon reported third-quarter adjusted earnings per share (EPS) of $6.12 on revenue of $110.8 billion. Both numbers missed consensus analyst estimates of $8.92 and $111.6 billion, respectively. Revenue was up 15 percent from a year…
Why Apple Analysts Prefer to Look Past Supply Chain Challenges, Remain Bullish After Q4 Revenue Miss
Apple Inc. shares have come under selling pressure after the company’s fourth-quarter revenues missed expectations amid supply chain constraints. The Apple Analysts Morgan Stanley analyst Katy Huberty maintained an Overweight rating on Apple shares and reduced the price target from $166 to $164. Oppenheimer analyst Martin Yang reiterated an Outperform rating and raised the price…
Current, Former Tesla Board Members Cash in on Stock Rally
October 30, 2021
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BANGALORE/SAN FRANCISCO—Tesla Inc. board member Ira Ehrenpreis sold shares of the electric carmaker worth more than $200 million on Wednesday, after the stock crossed the $1,000 mark for the first time to hit a record, according to filings. Antonio Gracias, a former Tesla board member whose term expired earlier this month, also filed his planned…
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