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Why Snap (SNAP) Stock Is Up Today
Shares of social network Snapchat (NYSE: SNAP) jumped 3.4% in the afternoon session after the company introduced a new AI-powered video generation tool, and an investor dropped a lawsuit concerning its advertising revenue.
Why Instacart (CART) Shares Are Trading Lower Today
Shares of online grocery delivery platform Instacart (NASDAQ:CART) fell 2.2% in the afternoon session after the company announced it would end a controversial pricing program and separately agreed to a $60 million settlement with the Federal Trade Commission (FTC).
Why Warner Bros. Discovery (WBD) Stock Is Trading Up Today
Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) jumped 3.3% in the afternoon session after Paramount amended its takeover offer, with billionaire Larry Ellison personally guaranteeing $40.4 billion in financing for the proposed acquisition.
Arbor Realty Trust (ABR) Stock Trades Down, Here Is Why
Shares of real estate investment trust Arbor Realty Trust (NYSE:ABR) fell 2.3% in the afternoon session after Piper Sandler lowered its price target on the stock to $8.00 from $10.00.
Paramount (PSKY) Stock Is Up, What You Need To Know
Shares of multinational media and entertainment corporation Paramount (NASDAQ:PSKY) jumped 3.8% in the afternoon session after the company amended its $30 per share all-cash offer for Warner Bros. Discovery, with Oracle co-founder Larry Ellison adding a personal guarantee for a major portion of the deal's financing.
The Honest Company (HNST) Stock Is Up, What You Need To Know
Shares of personal care company The Honest Company (NASDAQ:HNST) jumped 2% in the morning session after the stock's positive momentum continued as the company announced a major shift in its sales strategy, planning to halt direct sales from its website and mobile app to improve profitability.
Why Academy Sports (ASO) Shares Are Trading Lower Today
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) fell 3.7% in the morning session after the athletic retail sector felt pressure as industry bellwether Nike reported disappointing results.
Bumble (BMBL) Stock Trades Up, Here Is Why
Shares of online dating app Bumble (NASDAQ:BMBL) jumped 4.1% in the morning session after data pointed to a potential short squeeze, as the stock rallied amid high levels of bearish bets placed against it.
Why Coinbase (COIN) Stock Is Trading Up Today
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.2% in the morning session after a series of announcements signaled its expansion into new markets and financial products, including the acquisition of The Clearing Company and a minority stake in the Indian crypto exchange CoinDCX.
10x Genomics (TXG) Stock Trades Up, Here Is Why
Shares of biotech company 10x Genomics (NASDAQ:TXG) jumped 4.8% in the morning session after Canaccord Genuity maintained its 'Buy' rating and raised its price target on the company's shares.