Trump Media, a notoriously volatile stock that trades almost entirely on hype,surged 30%. Bitcoin, another volatile asset with questionable fundamentals, shot up 4%, as Trump is perceived as the more crypto-friendly candidate. Coinbase, the largest US crypto trading platform...
Bloomberg: SEC investigating First Republic execs' stock trades before the bank's collapse A pedestrian walks by a First Republic bank on April 26, in San Francisco, California. (Justin Sullivan/Getty Images) The US Securities and Exchange Commission is investigating First Republic Bank executives...
Gap shares jumped 8.9% in premarket trading after the company reported a profit last quarter based on strong sales at both its namesake stores and Old Navy. The S&P 500 is tracking to close out the week with a 0.4% gain, while the Dow and Nasdaq are headed towards weekly losses. 9:...
Shares were up as much as 87% at one point in premarket trading, with the help of investors posting on Reddit who hoped to drive up the price and put a squeeze on investors who bet against it by shorting it. “AAL flying to moon?” wrote one investor. “Let’s see if we a...
The stock will be down more than 30% for the year if the premarket losses hold. 8:55 p.m. 12:12:31, December 11, 2019 Chevron takes a $10 billion hit from cheap oil and gas prices From CNN Business' Matt Egan America’s abundance of crude oil and natural gas is forcing Chev...
Joe Saluzzi, co-founder of Themis Trading, told CNN that the NYSE’s explanation is hard to square with the bizarre trades that hit the tape. “I’m not buying that explanation. That doesn’t make any sense to me,” said Saluzzi, a market structure expert and author of “Broken Markets...
GameStop(GME) CEOGeorge Shermanhas been quiet during this Reddit vs. short seller drama. But the stock’s huge spike is great news for him. He owns a 3.4% stake in the company: 2.36 million shares that now are worth more than $800 million, based on premarket action Friday. ...