Paysafe Limited CEO Philip McHugh purchased 0.29 million shares of the company for a total purchase price of $1.0 million. McHugh purchased the shares on the open market on Dec. 3. Additionally, other executive officers and independent board members of Paysafe purchased 0.45 million shares totaling $1.8 million. They purchased the shares on the open…
Paysafe Shares Pop as CEO, Executives, Directors Buy Shares Worth $2.8 Million
Amazon Stock Ignores Massive AWS Glitch, Follows Chart Patterns: What’s Next?
Amazon.com, Inc. closed 2.8 percent higher on Tuesday despite its cloud computing arm, AWS, suffering an outage that affected multiple services across the U.S. East Coast. Streaming services such as Netflix Inc. and Walt Disney Co.’s Disney+ were disrupted and Disney’s theme parks were affected, with some guests unable to enter them. Airlines such as…
Food Delivery Shares Rise Ahead of EU Draft Rules on Gig Workers
AMSTERDAM—Shares in ride-sharing and food delivery companies rebounded on Tuesday, ahead of an European Commission proposal expected Dec. 9 that will define when couriers should be considered employees and when they should be considered independent contractors. The Financial Times on Tuesday reported that the proposal, under development for years, will as expected put the burden…
World Shares Mixed Amid Troubles for Chinese Property Sector
December 6, 2021
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BANGKOK—European shares and U.S. futures rose Monday after a lackluster day in Asia, where shares fell in Hong Kong and Shanghai after troubled Chinese property developer Evergrande warned it may run out of money. Moving to reassure investors and keep growth from stalling, China’s central bank cut the amount of funds banks are required to…
Analysts Downgrade DocuSign Ratings and Price Targets
Analysts downgraded their ratings and price targets for DocuSign Inc. on a softer revenue outlook for Q4 FY21 and FY22. JPMorgan analyst Sterling Auty downgraded to Underweight from Neutral with a $175 price target, implying a 25.2 percent downside to Thursday’s closing price of $233.82. Pandemic tailwinds “came to a much faster than expected halt”…
World Shares Mostly Higher After Broad Rally on Wall Street
December 3, 2021
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BANGKOK—Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited U.S. employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it remained, but appeared to have been assuaged by reports that its symptoms…
Read Why Apple Was up on November 30 With Broader Markets in Red
Apple Inc. stock closed higher by 3.1 percent on Nov. 30 as other stocks plunged on concerns of the new omicron Covid variant, CNBC reports. Other large-cap tech stocks like Alphabet Inc.’s Google, Amazon.com Inc., Meta Platforms Inc. (formerly Facebook), and Microsoft Corp. closed lower for the day amid a broader market selloff. Needham analyst…
BZ Chart of the Day: Ford Remains Stuck in Neutral
Long-term shareholders of Ford Motor Company haven’t had much to celebrate over the past three weeks. The stock has been stuck in a narrow range, but some traders have still been able to profit. When Ford reached levels around $20.50, these traders sold. At the top of the range there is resistance, or a large…
Business Chart of the Day: Ford Remains Stuck in Neutral
Long-term shareholders of Ford Motor Company haven’t had much to celebrate over the past three weeks. The stock has been stuck in a narrow range, but some traders have still been able to profit. When Ford reached levels around $20.50, these traders sold. At the top of the range there is resistance, or a large…
Why Are Cars.com Shares Trading Higher Today?
Cars.com Inc. will replace DSP Group Inc. in the S&P SmallCap 600 before the opening of trading on Dec. 2. S&P MidCap 400 constituent Synaptics Inc. is acquiring DSP Group in a deal likely to be completed by December 2. Cars.com is an online destination for buying and selling new and used vehicles. Recently, Cars.com…
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