Lyft stock price started to rise yesterday after hours when the company revealed its Q1 report. The numbers are still not very impressive but Lyft is doing better than expected.
Peloton has seen a 66% surge in sales and generated $524.6 million in total revenue for the fiscal third quarter that ended on March 31. $98.2 million came from subscriptions, which is 92% higher year over year, and $420.2 million came from product sales, 61% up. PTON stock is up.
General Motors (GM) stock has climbed as the company announced its earnings report from the first quarter of 2020. General Motors reported $294 million in profit.
Tesla (TSLA) stock price is rising, TSLA is trading at around $770. Jim Cramer said that Tesla shares are at a great entry-level.
Inovio Pharmaceuticals might see a plunge in its 2020 gains if a class action lawsuit proves the company deliberately misled the public. Yesterday, INO stock lost over 5% of its value.
The phase one trade deal requires China to buy an additional $200 billion worth of U.S. products and services over the next two years compared to 2017 levels. However, the global pandemic has made it extremely unlikely that China will be able to fulfill its promises.
Disney (DIS) stock is falling in the pre-market after a 2.05% drop yesterday, the fall is attributed to the rather controversial earnings results in its fiscal Q2 2020.
Alphabet (GOOGL) stock price is rising. The stock is trading at around $1,350. However, it is believed that it may reach the level of $1,700.
Norwegian Cruise Line (NCLH) stock closed yesterday with a drop of over 20% to trade at $11.14, after the company warned it may have to seek bankruptcy, saying there is substantial doubt about its ability to rebound from the coronavirus crisis.
Elon Musk is now one step closer to receiving the totality of his $55 billion award from Tesla, as contained in his 2018 agreement with the company.
On Monday, Pfizer announced it had dosed the first participants of the Phase 1/2 clinical trial for the coronavirus vaccine program in the U.S. In general, there will be 360 healthy patients dosed with the vaccine. PFE stock price is rising.
Hertz Global’s debts make up about $20 billion. If Hertz does not agree with its creditors about how to rework its debt before May 22, it will have to file for Chapter 11 court protection. HTZ stock price has fallen significantly.
Amazon (AMZN) stock is nearly 1% up today, trading at $2,332. The company’s VP has taken a decision to quit the job over whistleblower firings of junior warehouse employees.
As Total (TOT) stock struggles to gain health even amidst disappointing Q1 figures, the company has initiated an action plan for the rest of 2020. TOT stock is nearly 7% up in the pre-market.
Ferrari recently released its earnings report. RACE stock rose yesterday as a result of the news. This makes Ferrari one of the most valuable car companies in the world by capitalization.