Hertz Global Holdings experienced more than 700% in its HTZ stock value in 4 days with a 24-hour rise of 112%. This growth comes days after the North American car rental service filed for bankruptcy.
Nasdaq Composite became the first of the big three indexes to bounce back to a record high. On Monday, it rose to 9,924.75, closing at the highest since February 19 when it ended at 9,817.18.
Retailer Michaels (MIK) experienced an almost 60% rise in its stock value following an upgrade by JPMorgan. This new positive outlook is impressive as the firm looks to bounce back from months of losses.
In May 2020, Tesla’s sales in China jumped back to over 11,000 Model 3 cars which made TSLA stock price skyrocket. Analysts are hopeful and optimistic that Tesla will show a strong performance in the Chinese market over the next 12 months.
Blockfyre co-founder Simon Dedic predicts that Bitcoin (BTC) prices will hit $150,000. However, he doesn’t think that this rise will be like the one we observed in 2017.
General Electric (GE) stock is now slowly on the rise as its healthcare arm has started to recover following some stabilization of the COVID-19 situation in the world.
Year-to-date Microsoft (MSFT) stock gained around 16.5%. MSFT is trading now at around $184.88 (-1.24%). The market cap is $1.40 trillion.
Dada Nexus (DADA) went public after being listed on Nasdaq with a share opening price of $16. During the IPO celebration, CEO Philip Kuai said that the company welcomes better auditing and regulation of the stock market.
Apple has come under pressure in recent months as the pandemic forced store closures and ushered in a period of weaker consumer confidence, but some analysts seem upbeat about the company’s trajectory. AAPL stock price is rising.
Million-mile batteries would help Tesla reach the goal it set five years ago. They would also take Tesla battery cost down below $100 per kilowatt-hour. Meanwhile, TSLA stock is up today.
If combined, AstraZeneca and Gilead Sciences would have a market capitalization of about $237 billion, exceeding Merck & Co and Pfizer worth $207 billion and $200 billion respectively.
The U.S. markets seem to be recovering these days. The Nasdaq Composite managed to reach a new record high today.
ZoomInfo Technology (ZI) shares surged around 90% on its first trade after the IPO held on Wednesday. Having closed yesterday with a 61.90% increase to trade at $34, the stock is around 6% up now.
NetEase, a Chinese gaming giant, gained at least $2.7 billion in its secondary offering in Hong Kong. NTES stock on Nasdaq is up 2.75% now.
Of 20,247 new cars registered in the UK in May, 852 were Tesla Model 3. In April, Tesla Model 3 was the best-selling car in the UK as well. Following the news, Tesla (TSLA) stock is 0.84% up in the pre-market.