Citi’s Jason Bazinet repeated his Buy rating on Alphabet shares while lifting his target for the GOOGL stock price to $1,600, from $1,400.
Despite a slight decline, some analysts believe that new peaks for Tesla stock price are on the horizon. The company may soon move the headquarters out of California, which will save millions of dollars for Elon Musk in taxes.
Spotify’s new Group Session feature offers real-time collaboration when people are gathered together. It supports up to 100 users. SPOT stock rose on Monday.
Shanghai Disneyland has reopened after China declared reopening its economy after the pandemic. In the upcoming week, Disney will gradually get back to welcoming visitors to other resorts. DIS stock is in the red.
Finally, Aurora Cannabis implemented the announced 12:1 reverse stock split, mainly aimed at preventing the cannabis company from being delisted from the New York Stock Exchange. ACB stock is in the red now.
Quidel (QDEL) stock goes up as the healthcare manufacturer has received approval from the US Food and Drug Administration (FDA) for its COVID-19 antigen test. It is quicker, cheaper and easier to develop than most other diagnostics.
Richard Branson will sell the Virgin Galactic shares “from time to time by means of ordinary brokers’ transactions.” Credit Suisse Group AG will manage the sale.
Shares of AMC Entertainment rocketed 47% in active pre-market trading today, as it was reported that Amazon is interested in acquiring the struggling movie theater chain.
Under Armour reported a first-quarter loss of $589.7 million. On a per-share basis, the Baltimore-based company said it had a loss of $1.30. Today in the pre-market, UAA stock is at around $9, it means it has lost 10%.
On Friday, Johnson & Johnson (JNJ) stock closed 0.75% up at $148.70. In the pre-market today, JNJ shares are up another 0.20% up, trading at $149.00.
After closing last week at $819.42, Tesla (TSLA) stock is now down 3% to trade at around $792. The company highlighted its plan to bring employees safely to work, amid the coronavirus crisis.
Elon Musk has always had a very negative opinion about the coronavirus-related shutdown orders. Now he wants to relocate Tesla operations from California to other states. Meanwhile, TSLA stock went up on Friday.
Walt Disney (DIS) stock is reacting to the company’s plans to open its Shanghai park. Now the stock is trading around 2% up from teh previous close.
It has become known that the supply of Moderna’s coronavirus vaccine will be limited and the U.S. government will help to choose who will be the first to get it. Meanwhile, today Moderna (MRNA) stock is around 10% up.
Schwab Stock Slices will be available starting June 9 in retail Schwab brokerage, custodial, and individual retirement accounts (IRAs). Its users will be able to trade shares any S&P 500 company, including Apple, Amazon, Netflix, in real-time throughout the trading day using market orders.