Shares of iQiyi Inc. IQ, -11.16% plunged 15% on heavy volume Friday, in the wake of the revelation by China-based streaming video service of an investigation by the Securities and Exchange Commission into certain acquisitions and investments. Trading volume was 38.5 million shares, enough to make the stock the 7th …
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Nvidia Corp.’s forthcoming sales report promises to start in an era of first for the chip business, the most important of which formally forgets its past reputation as primarily a gaming card company and fully embraces its role in shaping data centers. Nvidia NVDA, + 1.05% is scheduled to report …
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When companies’ share prices move very high, some consider sharing the shares so that the lower prices will attract more investors. This can be a positive for long-term equity performance. Tesla Inc. TSLA, + 1.83% will split its stock 5-for-1 on August 31 and Apple Inc. AAPL, -0.08% will complete …
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Shares of Peloton Interactive Inc. PTON, -1.84% fell 0.7% in midday trading, after 2.1% on Thursday, when BofA securities analyst Justin Post reiterated his bullish stance on the at-home fitness business as he reassured investors not to to worry about a Bloomberg report that Apple Inc. AAPL, -0.80% was planning …
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The U.S. Postal Service (USPS) said Friday it is planning a temporary price increase on all commercial domestic competitive packages, effective October 18th. The price increase, which was approved last week by Postal Service executives, is in response to increased spending and “increased demand” for volume of e-commerce package amid …
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