Category: stock

Current, Former Tesla Board Members Cash in on Stock Rally

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…


Tesla’s Stock Blasts Through $1,000: Is It Moon Bound or in Need of a Pit Stop?

News Analysis Tesla Inc. was trading more than 13 percent higher on Monday, crossing above $1,000 a share and surpassing a $1 trillion market value. Earlier in the day, Morgan Stanley raised its price target on the electric vehicle marker to $1,200. The fuel for the move came Oct. 21 following a bullish reaction to…


US Stock Options Traders See Smooth Sailing as Fed Taper Looms

NEW YORK—Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set to announce an unwind of the easy money policies that helped equities double from last year’s lows. The Cboe Volatility Index, known as Wall Street’s fear gauge, recently stood at 15.52 after…


London Stock Exchange Warns on Supply Chain Shortages

London Stock Exchange Group said it was on track to achieve cost savings from the integration of data platform Refinitiv after a steady third quarter, but warned supply chain shortages could impact the timing of its technology spending. The exchange said pro forma underlying income was 1.78 billion pounds ($2.46 billion) in the three months…


Business Chart of the Day: If the Ford Rally Over?

They say that markets have memories. And if it’s true, there’s a good chance the rally in shares of Ford Motor Company may be about to end. A market memory is a reference to a support or resistance level retaining its importance for an extended period of time. In the case of Ford, it may be…


Business Chart of the Day: Is the Ford Rally Over?

They say that markets have memories. And if it’s true, there’s a good chance the rally in shares of Ford Motor Company may be about to end. A market memory is a reference to a support or resistance level retaining its importance for an extended period of time. In the case of Ford, it may be…


Vinco Ventures Stock Plummets After CEO And CFO Resign

A popular retail investor stock is falling after-hours Tuesday. What Happened Vinco Ventures Inc. announced its CEO and Chairman Christopher Ferguson has resigned from the company, effective Oct. 25, 2021. Brett Vroman, the company’s chief financial officer, has also resigned, effective Nov. 4, 2021. The company announced Lisa King will serve as its new CEO…


Is Pfizer’s Stock Overvalued or Undervalued?

Pfizer Inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return of 16.6 percent. Pfizer has gotten plenty of headlines for its COVID-19 vaccine, but investors may be wondering just how much value is left in the pharma giant’s stock? Earnings: A price-to-earnings ratio (PE) is one of the most basic…


Qualcomm Announces New $10 Billion Stock Buyback

Qualcomm Inc. on Tuesday announced a new $10 billion stock buyback, effective immediately. The repurchase will add to the company’s stockbuyback program announced in July 2018, which has $900 million of repurchase authority remaining.


Oil Retreats From Multi-Year Highs After US Stock Build

NEW YORK—Oil prices dropped nearly 2 percent on Wednesday after hitting a multi-year highs, taking a breather from its torrid gains of late after U.S. crude inventories rose unexpectedly. The latest surge in the price of crude had been underpinned by the refusal of the Organization of the Petroleum Exporting Countries and allies to boost…