In a market filled with rapid changes and unexpected twists, Upwork Inc. (UPWK) has taken a leap forward, surprising investors with an impressive Q3 FY23 performance. The online talent marketplace reported revenue that exceeded expectations, sent its stock surging, and even raised its guidance for the year ahead. In this article, we’ll delve into Upwork’s … Read more
Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL) jumped 6.7% in the pre-market session after the company reported third quarter results that exceeded analysts’ expectations. The company’s GMV (Gross Merchandise Value) and revenue both came in above analysts’ estimates, driven by higher-than-expected Average Order Values (Active Buyers and Number of Orders missed). Adjusted EBITDA … Read more
In a market grappling with inflationary pressures and price cuts by industry leader Tesla, Rivian Automotive has defied the odds, raising its full-year production forecast by 2,000 vehicles to a total of 54,000 units. This remarkable news has not only fueled Rivian’s shares, which soared by 4% in after-hours trading but has also created a … Read more
In the world of finance, nothing quite gets investors’ hearts racing like a sudden plummet in stock prices. Such was the case for EHang (NASDAQ: EH), the pioneering air taxi company, when it experienced a staggering 14% drop in its stock value. The catalyst behind this dramatic decline? A scathing short report issued by Hindenburg … Read more
In the world of stocks, it’s not every day that you witness a company’s shares surge as much as 306%. But that’s exactly what happened to Datadog (DDOG) on Tuesday, and investors are buzzing with excitement. As of 10:28 a.m. ET, the stock was still up a remarkable 29.4%. So, what exactly set off this … Read more
In a surprising turn of events, PaxMedica Inc’s shares, ticker symbol PXMD, have skyrocketed by a jaw-dropping 175%, reaching an impressive $8.39 in morning trading. The cause behind this remarkable surge is nothing short of groundbreaking – a study on low-dose suramin intravenous infusions as a potential treatment for Autism Spectrum Disorder (ASD) has just … Read more
Shares of MSP Recovery (NASDAQ:LIFW), known as LifeWallet, experienced an incredible 540% surge on Monday, leaving investors and analysts astounded. The stock opened at a mere $3.20 and skyrocketed to a high of $17.47, ultimately closing at $15.35, reflecting a staggering 460% increase. These monumental gains were accompanied by multiple trading halts due to extreme … Read more
In a bold move to protect its domestic market from external uncertainties, South Korea’s financial regulator has announced a temporary ban on stock short selling until the second half of 2024. The decision, effective from Monday, comes as a response to growing concerns over illegal short selling by global investment banks (IBs). The Financial Services … Read more
In the fast-paced world of stock trading, it’s not every day that you come across an inspiring success story that leaves you feeling like anything is possible. Today, we’d like to share the remarkable journey of a Reddit user who managed to turn a significant profit on PYPL stock, gaining an impressive $61,048.00. Let’s break … Read more
In a thrilling twist of fate, Roku (ROKU.O) stunned the market on Thursday, delivering an unexpected core profit in the third quarter. The streaming device giant’s shares skyrocketed nearly 20% on the back of this surprising announcement, setting a new standard in the world of streaming and advertising. But how did Roku pull off this … Read more