After-hours movers: Oracle sinks after results, Hasbro falls on jobs cuts
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- Wall St slides as oil tops $100, yields hit 2023 high; Apple down before Ternus' first launch event as CEO
- Meta stock jumps 5% premarket: Analysts bullish on new Muse AI agent
- Oil nears $100 as fresh Middle East strikes raise supply risks
- How big a risk are rates to the AI boom?
- 3 reasons why S&P 500 may drop up to 10% in the near term: RBC
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
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Lucid (LCID) builds 800 EVs at Sudi training facility
December 13, 2023 2:39 PM ESTCalifornia-based Lucid Group (NASDAQ: LCID) revealed Wednesday that the electric vehicle maker has assembled nearly 800 EVs at the companys factory in Saudi Arabia since the locations opening in September. The factory is a teaching location, focused on training over 200 local employees.
Lucids Saudi factory was built with the initial capacity to produce 5,000 EVs a year after the Saudi government pledged to buy up to 100,000 vehicles from Lucid over 10 years.
"The car is fully built in... More
Bernstein says Oracle (ORCL) growth pains continue as it strives to meet demand
December 12, 2023 2:29 PM ESTBernstein raised its price target for Oracle (NYSE: ORCL) to $147 from $144 per share, maintaining an Outperform rating on the stock in a note Tuesday following the company's latest quarterly earnings.
After the close on Monday, the company reported Q2 EPS of $1.34, $0.01 better than the analyst estimate of $1.33. Revenue for the quarter came in at $12.9 billion, missing the consensus estimate of... More
RBC Capital expects Lucid (LCID) to trade down following CFO departure
December 12, 2023 9:06 AM ESTElectric vehicle maker, Lucid Group (NASDAQ: LCID) announced Monday that CFO, Sherry House will be stepping down from her position effective immediately.
As of December 11, 2023, Gagan Dhingra, who currently serves as Lucid's Vice President of Accounting and Principal Accounting Officer, will assume the position of Lucid's interim Chief Financial Officer and Principal... More
