Uber stock is falling after the firm confirmed that it was suspending carpool services as a result of COVID-19 despite a rally in the tech stocks.On March 17, the shares of Uber Technologies Inc (NYSE: UBER) closed lower 6.8% to $18.91 per share. But, as the coronavirus hit the global markets, other tech stocks rebounded. In the case of Uber, the shares dropped after the firm confirmed that it was suspending carpool services as a result of COVID-19. Today the fall continues and Uber stock is...
Read More »Amazon (AMZN) Stock Rose 7% Yesterday, But Down More than 4% in Premarket
Yesterday, Amazon (AMZN) stock rose, rebounding 7.03% and closing at $1807.84. However, the positive movement did not last long, and in the premarket today, Amazon stock was down again. It was trading at $1,725.00, $82.84 (or 4.58%) lower.While big companies are closing their offices all over the world, Amazon.com Inc (NASDAQ: AMZN) is recruiting people. Notably, the hiring process has become a necessity due to coronavirus. As people are now afraid of going outside, the number of orders for...
Read More »Forget FANG, FAANG or MAGA: DAWN Is New Kid in Coronavirus-Fueled Panic Town
DAWN is the new Wall Street’s stock acronym that stands for Domino’s Pizza, Activision, Walmart, and Netflix. These stocks, as well as tech shares, are now worth investing in.Now the market is surrounded by coronavirus concerns. These fears are in the first place reflected in stocks that continue sliding. As a result of the downward movement, investors wonder which shares to buy to stay in the black and boost their fortune under the conditions given. And the answer is simple: DAWN.Obviously,...
Read More »Tesla (TSLA) Stock Slips Below $450 amid Marketwide Crash, Fundamentals Remain Strong
While Tesla (TSLA) stock has crashed over 50% over the last month, its fundamentals currently remain solid. Tesla is facing a massive blow on its manufacturing facilities due to the coronavirus outbreak.The COVID 2019 outbreak has taken a huge toll on the global markets and Wall Street’s once best performer Tesla Inc (NASDAQ: TSLA) took a severe beating. Just over the last week, the Tesla (TSLA) stock has crashed nearly 30% showing extreme volatility.Tesla (TSLA) Stock TodayDespite Dow Jones...
Read More »Remember These Names: Moderna, BioNTech, CureVac and Keep an Eye on Their Vaccine Progress
Initiating human trials is only one step in the long process of proving the safety and efficacy of a new therapeutic. Still, the timeframes to beginning testing for Moderna, BioNTech and CureVac are faster than typical for traditional vaccines.We already wrote how almost all pharmaceutical firms throughout the whole world are doing everything to develop a vaccine that would help to stop the coronavirus spread. No matter if they’re big or small, the goal is the same and it is no more just a...
Read More »Moderna (MRNA) Stock Skyrocketed Over 19% Today After First Human Vaccine Testing
Moderna (MRNA) stock rocketed today after the biotech company dosed the first patient in a study of its coronavirus vaccine. The drug aims to use a natural function called messenger RNA to protect against the SARS-CoV-2 virus that causes Covid-19.American pharmaceutical company Moderna Inc (NASDAQ: MRNA) stock started rising yesterday and kept their pace today as well. Yesterday, the MRNA price jumped over 24%. Today Moderna stock continued moving higher. The stock has managed to jump another...
Read More »Tesla Stock Slides 5% While Its Model Y Deliveries Begin
TSLA stock is down while the company started delivering its latest car models on March 13, ahead of the initial schedule of autumn 2020. Later, Tesla made an official announcement and presented a video of the Model Y. Tesla Inc (NASDAQ: TSLA) stock continues plunging. Yesterday, it closed at $445.07, 18.58% down from its previous close of $546.62. Today, it was trading at $448.40 in the early hours, with the day high reaching $456.12 later. At the moment of writing, Tesla stock makes up...
Read More »Apple (AAPL) Stock Down 12.86% Yesterday in Worst Day since 2008, Today It Is in Green
Apple (AAPL) stock price dropped after it was announced that retail shops outside China will be closed due to COVID-19 fears.Apple Inc (NASDAQ: AAPL) stock price fell by about 12% on Monday. Sources say that the technology giant’s shares dropped as well. Stocks kept sliding even after the pre-market drop. This indicates that the Cupertino California technology company has its plate full. But today Apple stock is in green. As at the time of filing this report, Apple (AAPL) stock price was...
Read More »Tesla (TSLA) Stock Down ‘Record’ 18.58% Yesterday as Price Target Cut to $380 by RBC
Tesla (TSLA) stock plummeted 18.58% in trading on Monday from its previous close of $546.62 to $445.07. The stock has fallen amid the broader sell-off in U.S. markets.Shares of electric-car company Tesla Inc (NASDAQ: TSLA) were slashed on Monday after Wall Street suffered massive losses amid concerns over the economic impact from the coronavirus outbreak which has an impact on the analysts’ price target for TSLA. The stock fell as much as 18.58%. However, in premarket it was a bit up – by...
Read More »European Markets Trading in Green after Their Worst Day, EU Closing Borders on Tuesday
European markets rallied, but then lost some of their gains, while markets in the Asia-Pacific region were mixed on Tuesday as investors tried to grapple with a disastrous Monday on Wall Street.European equities started its trading higher on Monday following new development regarding the coronavirus vaccine. Also, the Union decided to close its external borders. The first human trial to evaluate a candidate vaccine against the new coronavirus has begun in Seattle yesterday, raising hopes in...
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