Tag: Stock price movements
After Branson flight, Virgin Galactic slumps on stock sale
Virgin Galactic shares veered sharply lower Monday after the spaceflight company said it’s made arrangements to sell up to $500 million in stock.
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GameStop raises almost $1.13B in latest stock offering
GameStop raised more than $1 billion in its latest stock sale, capitalizing on a newly arrived and fervent army of online investors.
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GameStop names Amazon veterans as CEO, finance chief
NEW YORK — GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday that it’s brought on a pair...
Meme stock cash out: AMC selling 8.5M shares, raises $230.5M
The movie theater chain AMC is raising $230.5 million through an 8.5 million share sale, cashing in on the meme stock frenzy that has...
As pandemic spread pain and panic, congressman chased profit
WASHINGTON — In the early days of the pandemic, New Jersey Rep. Tom Malinowski scolded those looking to capitalize on the once-in-a-century health crisis....
Retailer results so far show people are going out, spending
NEW YORK — At Walmart, sales of teeth whitener are popping as customers take their masks off. So are travel items. Macy's says that...
Buffett’s firm sells off financials, halves Chevron stake
OMAHA, Neb. — Investor Warren Buffett's company pared back its holdings in financial firms further during the first quarter and also halved its new...
Meituan’s stock price plunges after CEO posts Chinese poem
SINGAPORE — Shares in Meituan, China’s largest food delivery platform, have tumbled after its CEO posted —and then deleted — an ancient poem in...
CN makes $33.7B bid for Kansas City Southern
A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.
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Leadership shakeup continues at GameStop, CEO to depart
The overhaul in the top ranks of GameStop continues with the announced departure of CEO George Sherman at the end of July.
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