Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company's beleaguered shares. Following the required 25-day wait for deal underwriters to issue an investment opinion following an IPO, at least 10 of the banks that brought Lyft public gave positive recommendations on a stock that has slumped 30 percent from its opening price on March 29, its first day of trading.
Shares in Apple Inc fell 6 percent on Friday, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figures. | Video
Tesla Inc shares jumped on Thursday as Wall Street analysts said the company had turned a corner with profitable third quarter results and might not now need to raise outside capital. | Video
Shares of Tesla Inc jumped more than 12 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologised for past incendiary remarks.
Aug 2 Shares of Tesla Inc jumped 10
percent in premarket trade on Thursday, after the company
convinced investors that it was able to produce positive cash
flow and turn a profit, and Chief Executive Officer Elon Musk
apologized for past incendiary remarks.
Shares of Netflix Inc hit a life-time high on Tuesday after the online video streaming service reported a rise in subscriber additions for the fourth straight quarter.