Connect with us

Hi, what are you looking for?

Economy

Stocks jump: Paramount, PacWest, and Shopify company shares

Stocks jump: Paramount, PacWest, and Shopify company shares

Paramount Global: The media company fell 10.42% after reporting quarterly earnings.

PacWest Bancorp: PacWest fell 37% in premarket trading after the banking company said it was considering various options.

Shopify: The e-commerce platform reported quarterly results and announced the sale of its performance parts. Shopify advanced 15.63% in the premarket.

First Horizon: Banking and financial services company shares of First Horizon and Toronto Dominion Bank fell by 46%. They scrapped the $13.44 billion deal. Companies needed more certainty about whether regulatory approvals could be obtained in time.

Peloton Interactive: The fitness equipment maker advanced 2.62% in premarket trading and issued a better-than-expected forecast.

Qualcomm: Qualcomm retreated 7.72% in premarket trade after the chipmaker issued a lower-than-expected quarterly forecast. Declining smartphone sales hurt the company shares.

Shake Shack: Shake Shack rose 7% in the premarket.

Tripadvisor: Tripadvisor company shares fell 6.1% in premarket action after its adjusted quarterly earnings fell short of analysts’ estimates. TripAdvisor reported a larger loss due to the effect of tax costs related to the IRS settlement.

SolarEdge Technologies: SolarEdge traded up 10.32% in premarket shares after the solar products maker said it posted better-than-expected earnings.

Arconic: Arconic advanced 27.52% in premarket trading.

European stocks lingered lower

The Stoxx 600 index pared earlier losses and traded 0.64% lower. This was a result of the ECB confirming an expected 25 basis point interest rate hike.

Media shares decreased by 3.46%. Oil and gas was one of the few sectors to turn positive, up 0.2%.

Eurozone inflation reports released earlier this week showed core inflation rising slightly to 7% in April.

First quarter results on Thursday morning showed a profit at oil giant Shell.

The post Stocks jump: Paramount, PacWest, and Shopify company shares appeared first on FinanceBrokerage.

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...

Investing

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com