Ford shares close higher on Friday, company appoints Lynn Vojvodich to its board

March 13, 2017
Ford shares close higher on Friday, company appoints Lynn Vojvodich to its board

Ford Motor Company (F) was reported to have appointed Lynn Vojvodich, former executive at Salesforce.com Inc, to its board of directors. She is to assume the new role in April. Ford shares closed higher on Friday, while also marking their second gain in the past seven trading sessions. The stock […]

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Starbucks shares retreat the most in two weeks on Friday, social media boycott campaign has not hurt business, retailer says

March 13, 2017
Starbucks shares retreat the most in two weeks on Friday, social media boycott campaign has not hurt business, retailer says

On March 10th Starbucks Corporation (SBUX) said that the boycott campaign on the social media, following the retailer’s decision to hire 10 000 refugees worldwide in five years, has not done any harm to the brand. Starbucks shares registered their largest daily slump since February 27th on Friday, while also […]

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Wells Fargo shares gain for the first time in four sessions on Thursday, several retail banking senior executives said to have been demoted

March 10, 2017
Wells Fargo shares gain for the first time in four sessions on Thursday, several retail banking senior executives said to have been demoted

Wells Fargo & Company (WFC) was reported to have taken further measures in restructuring its retail banking division, which led to the demotion of several senior executives. However, Wells Fargo has not yet made any statements on the matter. Wells Fargo shares closed higher on Thursday, while marking their first […]

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Staples shares retreat the most in almost seven months on Thursday, retailer’s Q4 earnings and sales fall short of expectations

March 10, 2017
Staples shares retreat the most in almost seven months on Thursday, retailer’s Q4 earnings and sales fall short of expectations

On March 9th Staples Inc (SPLS) reported lower-than-projected quarterly earnings and sales, which led to the sharpest drop in its shares in almost seven months. Staples shares registered their largest daily slump since August 17th 2016 on Thursday. The stock went down 5.25% ($0.47) to $8.49, after touching an intraday […]

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Boeing shares close lower on Wednesday, the 737 MAX 10X model supported by airlines, the plane maker says

March 9, 2017
Boeing shares close lower on Wednesday, the 737 MAX 10X model supported by airlines, the plane maker says

On March 8th Boeing Company (BA) said that its 737 MAX 10X jet had received support from a number of airlines and had also awoken interest among part suppliers in an attempt to suppress recent criticism at an industry conference in San Diego. Boeing shares closed lower on Wednesday, while […]

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Urban Outfitters shares retreat a fourth straight session on Wednesday, retailer’s Q4 EPS fall short of expectations

March 9, 2017
Urban Outfitters shares retreat a fourth straight session on Wednesday, retailer’s Q4 EPS fall short of expectations

On March 8th Urban Outfitters Inc (URBN) reported lower-than-anticipated earnings per share during the quarter ended on December 30th, while its comparable sales were flat. Urban Outfitters shares closed lower for a fourth straight trading session on Wednesday. The stock went down 2.60% ($0.66) to $24.75, after touching an intraday […]

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Citigroup shares close higher on Tuesday, holding expects a “low double-digit” growth in Q1 trading revenue

March 8, 2017
Citigroup shares close higher on Tuesday, holding expects a “low double-digit” growth in Q1 trading revenue

According to a March 7th statement by John Gerspach, Citigroup Inc’s Chief Financial Officer, the financial holding projects that trading revenue will probably register a “low double-digit” growth during the first quarter compared to the same period a year ago. Citigroup shares closed higher on Tuesday, while marking their fourth […]

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Hewlett Packard shares fall the most in a week on Tuesday, tech giant to acquire Nimble Storage for $1.09 billion

March 8, 2017
Hewlett Packard shares fall the most in a week on Tuesday, tech giant to acquire Nimble Storage for $1.09 billion

Hewlett Packard Enterprise Co (HPE) was reported to be planning the acquisition of data storage provider Nimble Storage Inc in order to firm its presence in the flash storage business. The deal, estimated to $1.09 billion, was based on Nimble Storage’s 87.5 million outstanding shares as of November 30th, Reuters […]

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Ford shares retreat the most in a week on Monday, a tariff-free Brexit seen as crucial for company’s jobs in the UK

March 7, 2017
Ford shares retreat the most in a week on Monday, a tariff-free Brexit seen as crucial for company’s jobs in the UK

According to a March 7th statement by the Ford Motor Company’s President for Europe, a tariff-free trade following a Brexit scenario is crucial for keeping jobs at the company’s plants across the United Kingdom. Ford shares closed lower for a third straight trading session on Monday, while also marking their […]

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GoPro shares fall the most in a month on Monday, Goldman Sachs downgrades the stock to a “sell”

March 7, 2017
GoPro shares fall the most in a month on Monday, Goldman Sachs downgrades the stock to a “sell”

GoPro shares plunged almost 8% during Monday’s session, following Goldman Sachs’ decision to downgrade the stock from “neutral” to a “sell” amid concerns over demand for the company’s core products. The financial holding also revised down its price target for GoPro’s stock to $6.00 from $9.50 previously. GoPro shares retreated […]

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