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AMC Entertainment stock was trading sharply lower in early US price action today after the company announced a capital raise in an apparent bid to capitalize on the Reddit-driven rally. “In accordance with the terms of the Distribution Agreement, we may, through our sales agents, offer and sell from time to time up to an…
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Chinese EV (electric vehicle) companies including NIO, XPeng Motors, and Li Auto have released their May deliveries. What are the key takeaways from these companies’ delivery reports? While Tesla provides annual delivery guidance and provides the delivery breakdown on a quarterly basis, Chinese EV companies provide quarterly guidance and release their delivery report every month….
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Meme stocks are back as AMC Entertainment and GameStop stocks are rallying yet again. Are we in a new age of finance and stock market investing which is dominated by retail investors? Wall Street has traditionally been dominated by big hedge funds and other fund managers. However, over the last couple of years, retail traders…
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Ford shares recorded their largest single-day gain in the past 11 months during yesterday’s stock trading action after the company revealed ambitious goals for its electric vehicle program during its scheduled Ford+ Capital Markets Day event. The stock of the legacy automaker was propelled as much as 8.5% at $13.9 per share while closing the…
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Li Auto was trading flat in US premarket trading today after posting mixed first-quarter earnings. While the company’s topline performance was better than expected, it posted a wider than expected loss. Li Auto posted revenues of $545.7 million in the first quarter of 2021 which were higher than the $521.5 million that analysts were projecting….
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NIO stock gained over 5% yesterday and was trading over 1% higher in US premarket trading today. The company has announced plans to double the production capacity for its electric vehicles. NIO does not produce its own cars but works with the state-owned Jianghuai Automobile Group popularly known as JAC. NIO has announced that “Pursuant…
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There has been a sell-off in growth names and almost all the SPACs (special purpose acquisition companies) have fallen hard. Social Capital Hedosophia Holdings (IPOE), a SPAC sponsored by Chamath Palihapitiya has also fallen sharply but has recovered from the lows. IPOE will merge with fintech company SoFi. It has kept 27 May as the…
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Yesterday, Ford unveiled its F-150 all-electric Lightning model. What does the model mean for Ford stock and how does it compare with other pickup trucks? Ford’s F-150 is among the major all-electric pick-up trucks that would hit the market over the next two years. We also have Tesla’s Cybertruck, Rivian R1T, and Lordstown’s Endurance pickup….
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Coinbase stock has fallen to a new low today as the sharp decline in cryptocurrencies is taking a toll on the crypto exchange that listed last month only. Bitcoin prices were anyways weak over the last couple of weeks after Tesla’s CEO Elon Musk said that the company would stop accepting them as payments. Now,…
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Fisker stock was trading sharply higher in US pre-market price action today after the company announced a framework agreement with Foxconn to produce cars. The two companies have signed a new agreement for Project PEAR to jointly develop new segment vehicles which would be sold globally under the Fisker brand name. Fisker to launch Ocean…
