Over the last few weeks, shares of Alpha Pro Tech (APT) have exploded from a low of $9.05 to a recent high of $18.03. All as the number of coronavirus cases soar around the world – again. “The pandemic is still accelerating,” WHO’s director general Tedros Adhanom Ghebreyesus said. “We know that the pandemic is […]
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PLUG Stock Price Jumps on Revenue Projection Increase
Plug Power (PLUG) leapt higher in trading Tuesday, approaching levels the stock last saw in 2014, as the company announced the completion of two acquisitions and raised financial targets going forward. PLUG said it had completed acquisitions of United Hydrogen Group, Inc. and Giner ELX. In a press release, the company said these acquisitions “enhance […]
MRNA Stock Price Jumps On Finalizing FDA Phase 3 Study for Coronavirus Vaccine
Over the last week, shares of Moderna Inc.(MRNA) jumped from a low of $46.13 to $64.34, and could accelerate higher. All after MRNA has advanced late-stage development of its coronavirus vaccine. Better, it just finalized the Phase 3 study protocol based on feedback from U.S. FDA. The randomized, 1:1 placebo-controlled trial is expected to include […]
IQ Stock Price Jumps on News of TCEHY Becoming a Major Shareholder
iQIYI (IQ) jumped higher Tuesday on news Tencent Holdings Ltd (TCEHY) has hopes of becoming a major shareholder in the company. IQ is known as the Netflix (NFLX) of China, with a streaming service that reaches over 118 million subscribers. iQIYI has not yet reached profitability, and reported a loss of $406 million in its […]
ZNGA Stock Price Up 61% With Peak Acquisition
Zynga Inc. (ZNGA) is still one of the most explosive gaming stocks on the market. Since bottoming out in March 2020 at $5.65, the ZNGA stock price is now up to $9.10 – and accelerating higher. Not only did ZNGA just buy Peak for $1.8 billion, giving it access to a popular lineup of puzzle […]
Hartford Insurance Group (HIG) Extends Partnership With AARP
Hartford Insurance Group (HIG) has announced a major extension of its partnership with AARP, providing home and automobile insurance to AARP members. The extension of the HIG partnership will now run through January 1, 2033. AARP has over 38 million members who can access insurance with Hartford through the program. HIG president, Doug Eliot, commenting […]
Boeing Co. (BA) Shares Surge on Lower Than Expected Airline Delivery Cuts
Since bottoming out at $89 in March 2020, shares of Boeing (BA) exploded to $204. Analysts appear just as bullish on BA, with Seaport Global initiating coverage of the stock with a buy rating, and a target price of $277. Goldman Sachs also raised its price target on Boeing from $209 to $238 with a […]
Nikola Corporation (NKLA) Shares Continue Surge From Last Week’s IPO
Nikola Corporation (NKLA) has captured investor’s attention like no other stock this year. The company, which has yet to produce or sell a product, has made headlines on a number of fronts. NKLA received some unwanted attention last month, when the company was one of several public companies to file for funds under the Cares […]
Shares of Nio (NIO) Face Heavy Pressure
Shares of electric vehicle maker, Nio (NIO) have faced plenty of pressure this year. However, it appears the EV stock has turned a corner after reporting another month of record deliveries. For May 2020, the company delivered 3,436 vehicles. That included the delivery of 2,685 ES6s and 751 ES8s. “In May, we achieved record-high monthly […]
Sonic Automotive (SAH) Sees Increased Traffic, as SAH Stock is Off Less than 20%
Sonic Automotive (SAH) has moved substantially higher after providing an update to investors on the company’s outlook for 2020. SAH stock has jumped almost 19%, from $24 to around $28.50 as the company gained some clarity in the midst of the COVID-19 crisis. The company said sales and traffic in its locations have been coming […]