Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 5.7% in the afternoon session after significant bearish options activity was detected, continuing a period of weakness for the stock. An analysis of unusual trades revealed that 60% of traders showed bearish tendencies. This move followed the company’s recent third-quarter earnings report, which did not meet…
A former Federal Reserve governor who retired in August listed several stock trades in her financial disclosure documents for 2024 that violated the central bank’s ethics rules. The transactions are outlined in a report released Saturday by the U.S. Office of Government Ethics, which reviewed Adriana Kugler’s financial disclosures after the Fed referred them to…
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) fell in the morning session after the company reported underwhelming third-quarter results. The space company posted record third-quarter revenue of $155.08 million, a 48% increase from the same period in the previous year. Looking ahead, Rocket Lab also gave an upbeat forecast for fourth-quarter revenue between $170…
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell 11.2% in the afternoon session after reports of rising competition from prediction platforms Kalshi and Robinhood sparked investor concern. Kalshi, an emerging prediction market, shattered its trading records over the weekend, pulling in over $275 million on a Sunday fueled by football games. This significant…
Shares of membership-only discount retailer Costco (NASDAQ:COST) fell 2.3% in the morning session after the company reported underwhelming third quarter results with sales and earnings roughly inline with expectations. The membership-only retailer posted revenue of $86.16 billion, an 8.1% year-over-year increase that narrowly beat the consensus estimate of $85.91 billion. Its earnings per share of…
Shares of technology real estate company Offerpad (NYSE:OPAD) jumped 4.2% in the morning session after the stock staged a partial recovery from a steep sell-off in the previous session. The stock had previously plummeted 19.2%, driven by negative sentiment surrounding the iBuying sector. This was fueled by the ongoing struggles of its main competitor, Opendoor…
Shares of real estate technology company Compass (NYSE:COMP) fell 10.5% in the morning session after the company announced an agreement to merge with Anywhere Real Estate in an all-stock transaction. The deal created a combined company with an estimated enterprise value of about $10 billion, including debt. Under the terms, each share of Anywhere stock…
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 3.3% in the morning session after a broader pullback sparked by reports that China banned its major tech firms from buying U.S. artificial intelligence chips. The negative sentiment weighed heavily on the Nasdaq, with the news first hitting chipmaker Nvidia and then rippling out to…
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 2.9% in the afternoon session after a series of analyst ratings and broader positive sentiment in the semiconductor sector. Over the past month, five analysts have weighed in on the company. Four firms—JP Morgan, Needham, Barclays, and Wells Fargo—maintained their positive “Overweight” or “Buy” ratings….
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 3.3% in the afternoon session after investors continued to lock in some profits, as its latest earnings report failed to meet the market’s highest expectations. The decline extends from the previous session, as investors reacted to a quarterly report that, while strong, showed signs of…