Twitter stock jumps after report says Elon Musk now wants to buy Twitter at original offer price

Twitter Inc. shares were halted in midday trading Tuesday after reports indicated that Tesla Inc. Chief Executive Elon Musk was now proposing to purchase the social-media company at his original offer price, suggesting a possible end to the legal saga between the two parties. A Bloomberg News report said that Musk sent a letter to … Read more

Packaging Corp. of America stock rises Monday, still underperforms market

Shares of Packaging Corp. of America PKG, +2.41% rallied 2.41% to $115.00 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +2.59% rising 2.59% to 3,678.43 and the Dow Jones Industrial Average DJIA, +2.66% rising 2.66% to 29,490.89. The stock’s rise snapped a … Read more

Tesla Deliveries Set a Record. Shares Should Fall.

Tesla quarterly deliveries set a new record, but the number probably won’t be good enough to support shares for the next couple of weeks. On Sunday, Tesla (ticker: TSLA) reported delivery figures for the third quarter. It delivered 343,830 cars and produced 365,923 cars.

Exela Technologies Inc. stock rises Friday, outperforms market

Shares of Exela Technologies Inc. XELA, +0.11% inched 0.11% higher to $0.45 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.51% falling 1.51% to 3,585.62 and Dow Jones Industrial Average DJIA, -1.71% falling 1.71% to 28,725.51. Exela Technologies Inc. closed $47.15 below … Read more

Workhorse Group Inc. stock rises Friday, outperforms market

Shares of Workhorse Group Inc. WKHS, +7.09% advanced 7.09% to $2.87 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -1.51% falling 1.51% to 10,575.62 and Dow Jones Industrial Average DJIA, -1.71% falling 1.71% to 28,725.51. Workhorse Group Inc. closed $4.93 short of … Read more

WW Grainger Inc. stock outperforms market on strong trading day

Shares of WW Grainger Inc. GWW, +0.47% inched 0.47% higher to $489.19 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.51% falling 1.51% to 3,585.62 and Dow Jones Industrial Average DJIA, -1.71% falling 1.71% to 28,725.51. WW Grainger Inc. closed $99.43 below … Read more

Microsoft Corp. stock falls Friday, underperforms market

Shares of Microsoft Corp. MSFT, -1.94% shed 1.94% to $232.90 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.51% falling 1.51% to 3,585.62 and Dow Jones Industrial Average DJIA, -1.71% falling 1.71% to 28,725.51. This was the stock’s second consecutive day of … Read more

The SPAC Bubble Has Burst. 6 Stocks That Still Have Potential.

One year ago, investors couldn’t get enough of special-purpose acquisition companies. Now, they can’t dump SPACs fast enough. In 2021, some 613 SPACs came to market, two-and-a-half times as many as in 2020, and raised $163 billion, about twice that of the previous year. New technologies, new capital, and optimistic business projections had investors dreaming … Read more

Porsche’s Debut Turned Out to be a Ho-Hum. Volkswagen Didn’t Have Such Luck.

Sometimes markets can be funny. Porsche stock was rising while Volkswagen which owns most of Porsche stock, was falling. That reaction is likely to confuse some investors. The IPO of Dr Ing HC F Porsche, which is better known as just Porsche, is now complete and Porsche shares have begun trading under the very appropriate, … Read more

Nike Shares Tumble After It Reports 44% Surge in Inventories

Nike Inc. NKE -3.41% has said it didn’t have enough inventory to meet consumer demand for the past two years. Now, it has too much—and the sneaker giant needs to step up discounts to clear out items. The company on Thursday said inventories rose 44% to $9.7 billion in the latest quarter, and higher discounts … Read more