In a groundbreaking move, Orchard Therapeutics (ORTX) has struck a momentous buyout deal worth a staggering $478 million with Japan’s Kyowa Kirin. The announcement, made on Thursday, has sent shockwaves through the stock market, propelling ORTX stock to a remarkable two-year high. ORTX Stock Skyrockets by 96% The news of the Kyowa Kirin buyout deal … Read more
Rivian Automotive, the electric vehicle (EV) manufacturer that had been on a high-flying trajectory, left investors stunned with a surprising announcement on Thursday. The company unveiled its plans to offer $1.5 billion in convertible notes, which sent its shares tumbling by over 23%. This unexpected move comes alongside a preliminary estimate for its third-quarter revenue, … Read more
AMD Stock Price Analysis: Advanced Micro Devices (AMD) has been on the radar of many investors, and its stock price has seen its fair share of ups and downs in recent months. Since June 2023, AMD shares have been caught in a descending parallel channel pattern, which has left investors wondering about the future of … Read more
Switching from trading SPY to SPX can be an exciting move, offering opportunities in the world of options trading. However, as with any new venture, it’s essential to understand the nuances of the market you’re entering. One SPX trader recently experienced an unexpected situation: the bid price of their SPXW call option briefly dropped to … Read more
Tesla Inc. (TSLA.O) faced a setback in the third quarter as it missed market estimates for vehicle deliveries. The electric vehicle (EV) giant delivered 435,059 vehicles in the three months leading up to September 30, falling nearly 7% short of the preceding quarter’s figures. This shortfall was attributed to planned upgrades at Tesla’s factories aimed … Read more
AMC Entertainment Holdings, Inc. (AMC) has been making headlines in the financial world for weeks, and it’s not just because of the Reddit army this time. The iconic movie theater company has embarked on a complex journey to improve its financial health, aiming to reduce its interest expenses and avoid bankruptcy. Two major components of … Read more
In a surprising turn of events, GameStop, a company that became synonymous with the rise of meme stocks, saw its stock price decline after the appointment of Ryan Cohen as its Chief Executive Officer. This move, which followed a series of tumultuous events in the company’s recent history, has left investors and analysts speculating about … Read more
In the ever-evolving landscape of the automotive industry, Tesla Inc. (TSLA) has carved a niche as a pioneering force in electric vehicles (EVs). Despite experiencing some turbulence in its stock performance in 2023, the company’s unwavering commitment to advancing EV technology and autonomous driving continues to affirm its leadership position. This blog post delves into … Read more
In the fast-paced world of technology investing, few companies have generated as much excitement and scrutiny as Nvidia. The company’s recent surge in growth and impressive profit margins have investors both thrilled and anxious, all while they contemplate whether Nvidia’s dominant position in artificial intelligence (AI) is sustainable. The future trajectory of Nvidia’s stock hinges … Read more
The month of September brought its fair share of challenges and volatility to the stock market. Investors found themselves grappling with uncertainty as major averages reeled from various economic and geopolitical factors. However, amidst the turbulence, there are still opportunities for investors to identify stocks that hold the potential for attractive returns in the face … Read more