Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within six months, Carvana has gone …
Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped 25%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from Stifel, Morgan Stanley and Wells Fargo. …
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images Not even the tag-team of Spider-Man and Batman could make AMC Entertainment profitable during the first quarter. Still, shares of the movie theater chain rose more than 4% after hours Monday after it posted a …
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images “If you build it, they will come.” Universal’s president of domestic theatrical distribution borrowed the iconic line from “Field of Dreams” during the studios slate presentation at CinemaCon on Wednesday to describe how …
A Tesla Supercharger station in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Tesla shares gained more than 7% on Monday following news that the electric vehicle maker will ask shareholders at its annual meeting to authorize a stock split in …
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla will ask shareholders to authorize the issuance of additional shares at the upcoming annual meeting so it can pay a stock dividend, according to a company tweet. The additional shares would enable the company to split its stock. Tesla jumped 5.4% in the premarket. …
View of the huge Gold and Silver Allied Nevada-Hycroft Mine near Sulphur in Black Rock Desert, Nevada, near the small towns of Sulphur and Gerlach. Federica Grassi | Moment | Getty Images Hycroft Mining Holding, a small mining firm with a troubled financial history, saw big spikes in its stock price and trading volume in the days leading up to …
There are more key retail earnings scattered throughout this week, as well as some notable EV start-ups in Lordstown Motors and Lucid. Source link
Check out the biggest calls from Wall Street analysts for Friday, Feb. 25. Source link
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images After a year of massive stock gains, AMC Entertainment shares are starting to cool off. The movie theater chain, which narrowly avoided bankruptcy last January, was the beneficiary of a flurry of new retail investors who helped the company secure much …
