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Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen/Bloomberg NIO stock dropped more than 12% in Hong Kong on Wednesday after the company denied a report published by short-seller Grizzly Research claiming that the Chinese electric-vehicle maker is exaggerating revenue and profit margin. In its report on Tuesday, Grizzly … Read More “NIO Says Short-Seller Report ‘Without Merit.’ The Stock Slumps.” »
Text size Internet conglomerate Prosus and its parent Naspers pared its stake in Tencent, and sold shares of JD.com. Gilles Sabrie/Bloomberg When a big shareholder starts selling, it’s usually a flag. Internet conglomerate Prosus and its parent company Naspers ‘ decision Monday to pare its stake in Chinese internet company Tencent Holdings , and its earlier … Read More “A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery.” »
Text size Axsome is reviewing the proposed labeling from the FDA. Dreamstime Shares of Axsome Therapeutics were soaring Monday after the biopharmaceutical company announced some good news in an attempt to gain Food and Drug Administration approval of AXS-05, its drug for major depressive disorder. In a filing with the Securities and Exchange Commission, Axsome … Read More “Axsome Therapeutics Stock Soars on Proposed FDA Labeling for Depression Drug” »
Why is Lucid stock so much more expensive than its peers? Courtesy of Lucid Text size Polestar stock gained 14% after the electric-vehicle maker completed its merger with a SPAC the day before. That’s bad news for Lucid Group . The issue for Lucid (ticker: LCID) isn’t direct competition. Polestar (PSNY) makes the all-electric Polestar … Read More “Lucid Group Stock Looks More Vulnerable Than Tesla and Its Other Peers” »
Text size GM has been showing off its Cadillac Lyriq SUV electric vehicle, priced like Tesla’s Model Y. Courtesy of Cadillac Inflation, rising interest rates, and recession fears have all conspired against General Motors stock. Its shares are still worth owning. Barron’srecommended buying General Motors (ticker: GM) stock in early May. The timing wasn’t great. … Read More “GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain” »
Text size Thomas Ingenlath, chief executive officer of Polestar AB, will run the new company. Krisztian Bocsi/Bloomberg The merger between the special-purpose acquisition company Gores Guggenheim and the electric vehicle maker born from Volvo is done. Polestar (ticker: PSNY) is now trading as a public company on the Nasdaq. Polestar announced the closing of the … Read More “EV Newcomer Polestar’s Stock Soars In First Day of Trading.” »
Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t … Read More “Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.” »
Text size Courtesy AMD AMD stock is an attractive buying opportunity after its big drop this year, according to Morgan Stanley. On Wednesday, analyst Joe Moore resumed coverage on Advanced Micro Devices (ticker: AMD) with an Overweight rating and a $103 price target. AMD shares rose 0.8% to $84.47 Wednesday afternoon. “After the recent selloff, … Read More “AMD Is the Chip Stock to Buy on the Dip, Morgan Stanley Says” »
Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read More “NIO Stock Is a Cautionary Tale for Tesla Shareholders” »
Text size Exxon stock is rising after getting upgraded at Credit Suisse. Dreamstime Exxon Mobil stock is jumping after Credit Suisse upgraded its shares from Neutral to Outperform on Tuesday. Unlike many of its competitors, Exxon Mobil (XOM) bet that the world will continue to run on fossil fuels over the medium term and that’s … Read More “Exxon Stock Has Surged This Year. Why One Analyst Sees More Gains Ahead.” »
