Wall Street Rises as Tech Stocks and Oil Prices Steady Themselves
U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies
U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies
Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report)’s stock price traded up 9% during trading on Wednesday . The company traded as high as $11.86 and last traded at $11.83. 2,063,560 shares were traded during mid-day trading, an increase of 63% from the average session volume of 1,263,058 shares. The stock had previously closed at $10.85.
Kenvue Inc. (NYSE:KVUE – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 45,130,000 shares, an increase of 9.6% from the September 15th total of 41,180,000 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 16,210,000 shares, the short-interest ratio is presently 2.8 days.
Penumbra (NYSE:PEN – Get Free Report) had its price objective hoisted by stock analysts at Canaccord Genuity Group from $176.00 to $235.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 14.91% from the company’s current price.
Shares of AppLovin Co. (NASDAQ:APP – Get Free Report) dropped 2.4% during mid-day trading on Wednesday . The stock traded as low as $139.40 and last traded at $140.31. Approximately 880,940 shares traded hands during trading, a decline of 79% from the average daily volume of 4,173,668 shares. The stock had previously closed at $143.81.
The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges but there’ll also be an excess of planet-warming fossil fuels, a report released Wednesday by the International Energy Agency said
The world’s second Sphere will be built in the capital of the United Arab Emirates after the opening of the first in Las Vegas
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting
SEOUL – North Korea has designated South Korea a “hostile state”, its state media said on Thursday, confirming that its national assembly had amended the country’s constitution in line with their leader’s vow to drop unification as a national goal.
The United States has fined German airline Lufthansa $4 million for its treatment of a group of Jewish passengers who were denied boarding a 2022 flight in Frankfurt after they had flown to Germany from New York