Further advancement into commercial space service is highly anticipated, a fact that has made the company’s stock gain 71.47% year-to-date and 124.81% in 1 year.
The spread of the delta variant in East Asia and the US has resulted in the spike of the COVID-19 cases. Concerns of a slowdown in the economic recovery put markets under pressure.
The Chines fitness app and SoftBank however declined to comment on the alleged foiled IPO plans.
Investors have reverted to tech stocks. Tech giants Apple and Amazon have seen a rise of over 15% in the past month,
In its IPO prospectus, Didi revealed that it had met with regulators and could be subject to penalties should regulators not be impressed by the inspection.
Shares of Virgin Galactic (SPCE) climbed about 28.50% during pre-market trading after the announcement and reached the level of $55.50.
Drawing on its growth over the years, Robinhood noted in its prospectus that many new traders choose to pitch tents with the trading platform for the first time.
Cramer shares his views on the recent Federal Court ruling against the FTC on Facebook’s power consolidation in the social media space. Besides, he’s bullish on small businesses to support the economic recovery in the US.
Positive news surrounding COVID-19, the discovery of a vaccine, lockdown reopenings all played a big part in fueling the growth on Wall Street in 2021.
The Tesla car caught on fire came just days before the Palo Alto, California-based company is billed to release key numbers for its car deliveries.
SentinelOne chief executive explained that compared to the competition, his company has a higher win rate than any of them.
Besides China, Didi has a presence in about 14 countries, including Brazil and Mexico and the new liquidity raise will be used to power growth into new markets to compete globally.
Moderna’s mRNA vaccine has shown strong results with the delta, beta, and eta COVID-19 variants which have been the cause of concern over the last few months. The US pharma giant also secured emergency approval from the Government of India to use its vaccine for authorized purposes.
Ding Dong CEO Liang Changlin commented that he plans to utilize the proceedings gained in the IPO for expanding his company’s business operations
On Monday, June 26, the US stock market indices continued their uptrend for the second day.