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  • Ford extends 3-day surge to 23% as Rivian's big capital raise boosts the company's electric-car prospects

    1 month ago - By Business Insider

    Rivian R1T.
    Andi Hedrick/Rivian
    Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. On Wednesday, Rivian, an electric truck start-up that counts Ford as an investor, raised more than $2.7 billion at a valuation of $28 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Investor hype for electric vehicle manufacturers seems to have spilled over into Ford this week, with the stock surging as much as 23% since Tuesday. The move...
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  • Apple will soar 15% higher as work-from-home demand drives record sales, Morgan Stanley says

    Apple will soar 15% higher as work-from-home demand drives record sales, Morgan Stanley says

    1 month ago - By Business Insider

    Summary List Placement
    Morgan Stanley raised its price target for Apple stock to $152 from $144 on Thursday, implying a 15.1% surge from Wednesday's close over the next 12 months.
    The bank's analysts expect the iPhone 12 lineup to revive handset sales and drive record quarterly profits and revenue.
    Prolonged work-from-home activity will support Apple's Mac, iPad, and Services sales, the team added.
    Watch Apple trade live here .
    Record December-quarter sales are set to kick off a hugely positive year for Apple , Morgan Stanley said Thursday.
    Analysts led by Katy Huberty lifted their price...
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  • Ford extends 3-day surge to 23% as Rivian's big capital raise boosts the company's electric-car prospects

    Ford extends 3-day surge to 23% as Rivian's big capital raise boosts the company's electric-car prospects

    1 month ago - By Business Insider

    Summary List Placement
    Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%.
    The move higher materialized as hype over electric vehicles continues to push auto stocks higher.
    On Wednesday, Rivian, an electric truck start-up that counts Ford as an investor, raised more than $2.7 billion at a valuation of $28 billion.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Investor hype for electric vehicle manufacturers seems to have spilled over into Ford this week, with the stock surging as much as 23% since Tuesday.
    The move higher...
    Read more ...

     

  • Riot Blockchain plummets 32% in 3 days as bitcoin momentum turns negative

    Riot Blockchain plummets 32% in 3 days as bitcoin momentum turns negative

    1 month ago - By Business Insider

    Summary List Placement Riot Blockchain stock plummeted as much as 18.5% on Thursday as bitcoin's momentum turned decidedly negative.
    The cryptocurrency has dropped some 22% from its January 8 high of over $40,000 per coin. Three-day losses for Riot's stock now exceed 30%.
    Riot Blockchain is one the largest bitcoin mining operations, and until recently, business had been booming. The company saw a 42% increase in revenues year-over-year in the third quarter of 2020.
    Riot also recently announced the receipt and deployment of 2,500 additional Bitmain S19 Pro Antminers, leaving the firm with a...
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  • Electric-car maker BYD sells $3.9 billion in stock after Tesla-led rally quintuples prices

    1 month ago - By Business Insider

    Geng Guoqing/VCG/Getty Images
    Chinese electric-car maker BYD raised $3.9 billion in an upsized stock sale, capitalizing on its soaring stock price. The automaker - backed by legendary investor Warren Buffett - has seen shares surge more than 400% as investors pile into the futuristic sector. BYD plans to use the funds to pay down debts and strengthen its position in China's exploding EV market. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. BYD - the Chinese automaker backed by legendary investor Warren Buffett - sold $3.9 billion in shares after outsized demand...
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  • Electric-car maker BYD sells $3.9 billion in stock after Tesla-led rally quintuples prices

    Electric-car maker BYD sells $3.9 billion in stock after Tesla-led rally quintuples prices

    1 month ago - By Business Insider

    Summary List Placement
    Chinese electric-car maker BYD raised $3.9 billion in an upsized stock sale, capitalizing on its soaring stock price.
    The automaker - backed by legendary investor Warren Buffett - has seen shares surge more than 400% as investors pile into the futuristic sector.
    BYD plans to use the funds to pay down debts and strengthen its position in China's exploding EV market.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    BYD - the Chinese automaker backed by legendary investor Warren Buffett - sold $3.9 billion in shares after outsized demand for...
    Read more ...