Top Food Delivery Giants Like DoorDash, Deliveroo Report Over $20B In Losses Since Going Public Amid Challenging Economic Climate

Leading publicly listed online food delivery companies in the U.S. and Europe have collectively accumulated over $20 billion in operating losses. The firms are facing a challenging economic environment, and their stock prices have been affected. What Happened: Despite fierce competition for market share, the top four standalone, publicly listed food delivery companies in the […]

What’s Going On With NIO Shares On Friday?

NIO Inc. (NYSE:NIO) shares are trading slightly lower on Friday. The Chinese EV manufacturer published a notice to announce that it will hold an annual general meeting of shareholders on June 25, 2024. The company will publish its first-quarter results on June 6. The company is currently in the headlines for adding a new NIO House in the Netherlands […]

Why Are Many Altcoins Down Bad? It’s Not Because Of Meme Coins, VC Points Out

A new article by Haseeb Qureshi, Managing Partner at Dragonfly, challenges popular narratives surrounding the recent slump in altcoin prices. What Happened: Qureshi’s article challenged three prevalent theories regarding the underperformance of these altcoins: venture capitalists (VCs) and key opinion leaders (KOLs) dumping tokens, retail investors switching to meme coins and low circulating supply hindering […]

What’s Going On With Target Stock Today?

Target Corp (NYSE:TGT) shares are trading higher Thursday in sympathy with Walmart Inc (NYSE:WMT), which reported better-than-expected earnings results for the first quarter. What Happened With WMT: Walmart shares jumped more than 6% Thursday morning on the heels of the company’s first-quarter financial results. Walmart beat estimates on the top and bottom lines, reporting first-quarter […]

Planet Fitness To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Roth MKM cut the price target for Roblox Corporation (NYSE:RBLX) from $55 to $35. Roth MKM analyst Eric Handler downgraded the stock from Buy to […]

Last Week’s Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)

These 10 large-cap stocks were the worst performers last week. Are they in your portfolio? EPAM Systems, Inc. (NYSE:EPAM) shares tumbled 24.6% after it lowered its FY24 revenue guidance. Several analysts trimmed the price target on the stock. Shopify Inc. (NYSE:SHOP) shares declined 24.4% following first-quarter FY24 earnings. Many analysts revised the price targets on Shopify following the earnings announcement. Roblox Corporation (NYSE:RBLX) […]

PriceSmart, Levi Strauss And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher by around 0.2% on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only […]