Lemonade, which filed to go public earlier in June, announced on Thursday a price range of $23 to $26 for its public offering. The updated regulatory filing could mean a significant valuation hit for the insurtech firm.
The number of COVID-19 cases is rising again, and the companies working on the vaccine will likely further benefit from a cash flow into them. Vaxart, Inovio Pharmaceuticals, and Sorrento Therapeutics stocks are good examples of this advantage.
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
Nike (NKE) stock dropped 3.94% to trade at around $97.40. The drop is being attributed to the unexpectedly poor results of the 2020 fourth quarter and full year that ended May 31, 2020.
Virgin Galactic (SPCE) stock continues growing as the company is getting closer to the commercial spaceflights. Now they are conducting gliding tests to gather data about systems and performance.
Following the low rating of Tesla vehicles, TSLA stock fell. On June 24, it closed at $960.85 and dropped to $954.27 at the opening today.
Inovio has secured funding from the U.S Department of Defense to expedite the development and production of its Cellectra 3PSP Smart Devices for the administration of the COVID-19 vaccine. INO stock is up.
Slack Technologies (WORK) is up today after a loss of 6.08% yesterday. The company has announced its news tech package called Slack Connect, which enhances its real time-communication across up to 20 clients.
The Competition and Market Authority (CMA) has given Amazon a green light to take a 16% stake in Deliveroo for the second time. AMZN shares have added 0.64% in the pre-market to trade around $2751.77
Rising COVID-19 cases spoil the show for the markets on Wednesday. The U.S. has reported the single biggest spike on June 24 beating all previous records and thereby putting the chances of economic recovery under pressure.
While it is generally expected that Agora in its IPO will not raise below $315 million, the maximum amount raised may turn out to be a big surprise.
AWC revealed the launch of Amazon Honeycode builder. But this news did not help Amazon stock to make big gains on Wednesday. AMZN closed 1.09% down, $2734.40 per share, and is down in the pre-market.
Tesla has promised, among many other things, to create 5,000 jobs for the Texas county of Travis, as it proposes to build a new factory there. TSLA stock is down today.
Yesterday, Peloton stock closed at $54.88 per share, which marked its new all-time highest closing price. In the early trading today, PTON shares were 3.5% up. The opening price today totaled $55.98, at the moment of writing, it makes up $54.83.
Tencent stock price is moving higher and the company has good chances to be ranked as the biggest Asian company.