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Why It Moves

Why Is Matterport (MTTR) Stock Soaring Today

Shares of real estate focused virtual reality platform Matterport (NASDAQ:MTTR) jumped 179% in the morning session after CoStar Group announced it has agreed to acquire all outstanding shares of the company (Matterport) in a cash and stock deal valued at $5.50 per share ($1.6 billion of enterprise value). Under the terms of the agreement, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group for each share of Matterport common stock. CEO and founder of CoStar Andy Florance added "CoStar Group and Matterport have nearly identical mission statements of digitizing the world's real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission."

Apr 22, 2024
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Why It Moves

Why Is Sea (SE) Stock Soaring Today

Shares of e-commerce and gaming company Sea (NYSE:SE) jumped 9.8% in the morning session after Bank of America analyst upgraded the stock's rating from Neutral to Buy and raised the price target from $62 to $70. The new price target represents a potential 20% upside from where shares traded when the upgrade was announced.

Apr 22, 2024
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Post-Earnings

Video Gaming Stocks Q4 Earnings: Roblox (NYSE:RBLX) Best of the Bunch

As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at video gaming stocks, starting with Roblox (NYSE:RBLX).

Apr 22, 2024
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Post-Earnings

Spotting Winners: Kohl's (NYSE:KSS) And Department Store Stocks In Q4

Let's dig into the relative performance of Kohl's (NYSE:KSS) and its peers as we unravel the now-completed Q4 department store earnings season.

Apr 22, 2024
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Post-Earnings

Q4 Earnings Recap: Zoom (NASDAQ:ZM) Tops Video Conferencing Stocks

Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Zoom (NASDAQ:ZM) and its peers.

Apr 22, 2024
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Post-Earnings

Spotting Winners: Ulta (NASDAQ:ULTA) And Specialty Retail Stocks In Q4

As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the specialty retail industry, including Ulta (NASDAQ:ULTA) and its peers.

Apr 22, 2024
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Post-Earnings

Unpacking Q4 Earnings: SentinelOne (NYSE:S) In The Context Of Other Cybersecurity Stocks

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the cybersecurity stocks, including SentinelOne (NYSE:S) and its peers.

Apr 22, 2024
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Post-Earnings

Data Analytics Stocks Q4 Earnings: Palantir (NYSE:PLTR) Best of the Bunch

As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the data analytics industry, including Palantir (NYSE:PLTR) and its peers.

Apr 22, 2024
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Post-Earnings

Gig Economy Stocks Q4 Earnings Review: DoorDash (NYSE:DASH) Shines

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how DoorDash (NYSE:DASH) and the rest of the gig economy stocks fared in Q4.

Apr 22, 2024
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Post-Earnings

Q4 Rundown: Confluent (NASDAQ:CFLT) Vs Other Data Infrastructure Stocks

As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at data infrastructure stocks, starting with Confluent (NASDAQ:CFLT).

Apr 22, 2024