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New zealand bnz manufacturing slumps to post-gfc low in july
New Zealand’s BusinessNZ Performance of Manufacturing Index has experienced a drop in July, declining from 47.4 to 46.3. Digging into the details, t...
August 11, 2023, 3:29 am
Aersale stock plummets on sky-high expectations
AerSale Corporation's Q2 2023 financial results showed a 50.3% decrease in revenues, but the company's value extraction model and growth opportunities...
August 10, 2023, 6:07 pm
Galera therapeutics shares plummet after fda rejects drug for cancer treatment side effect
Galera Therapeutics shares plunged by almost 85% after the clinical-stage biopharmaceutical company revealed its New Drug Application for its investig...
August 10, 2023, 1:04 pm
Why 23andme holding stock plummeted by 13% today
The genetics specialist notched a double miss with its latest earnings report. It seems this fiscal year will be worse than its predecessor for headli...
August 9, 2023, 5:24 pm
Why smiledirectclub stock was plummeting today
SmileDirectClub reported earnings last night, missing on both the top and bottom lines. The company is low on cash and racing to get to free-cash-flow...
August 9, 2023, 4:40 pm
Chinese equities fight back after deflation alarm: investors await alibaba’s earnings
July 2023 saw China’s producer prices plummet by 4.4% year-on-year, a worse outcome than the market�...
August 9, 2023, 4:14 pm
Roblox shares plummet after online gaming platform misses quarterly projections
Shares of the company were set for their worst day in 10 months and on track to erase nearly all its gains this year, if losses hold through the sessi...
August 9, 2023, 2:53 pm
Wework warns of possible collapse after $700 million net loss
WeWork shares plummet after the company issues concerns over its survival. WeWork (WE) says co-working ...
August 9, 2023, 10:53 am
Thoughtworks cost-cutting plan and disappointing 2q results send shares tumbling
Thoughtworks Holdings shares plummeted almost 30% after the technology consultancy firm announced disappointing second quarter financial results in ad...
August 8, 2023, 11:46 am
Why is proterra (ptra) stock down 65% today?
Proterra (NASDAQ: PTRA ) stock is plummeting on Tuesday after the electric vehicle (EV) company filed for Chapter 11 bankruptcy protection. According...
August 8, 2023, 8:01 am
Datadog's stock plummets as company whiffs on revenue forecast
Shares of Datadog Inc. were tanking 20% in Tuesday's premarket trading after the software company, which provides observability and security solutions...
August 8, 2023, 7:19 am
Yellow's shares plummet 36% as trucking company announces bankruptcy
Yellow Corp. fell into bankruptcy on Monday after the company failed to address its mounting debt load and following unsuccessful negotiations with th...
August 7, 2023, 10:25 pm
Beyond meat stock plummets 12% on revenue miss, 2023 guidance cut
Q1 sales declined 31% year over year, falling short of the 26% drop Wall Street had expected. Net loss was $0.83 per share, narrower than the loss of ...
August 7, 2023, 10:20 pm
Beyond meat's stock is dropping because revenue is plummeting
Beyond Meat Inc.'s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 ...
August 7, 2023, 4:26 pm
Sage therapeutics shares plummet following fda decision on depression drug
Sage Therapeutic shares fell to an all-time low after the FDA rejected use of its treatment for major depressive disorder....
August 7, 2023, 4:15 pm
Why western alliance bancorp stock surged 42% in july
Western Alliance plummeted during the banking meltdown in March, but it had been on more solid footing than most. The second quarter showed gains in d...
August 7, 2023, 11:05 am
Threads' daily user base has plummeted more than 80%. meta's app ended july with just 8 million daily active users.
Threads closed July with 8 million daily active users, down 82% from its peak, according to Sensor Tower data. Meta's Twitter clone, which launched Ju...
August 4, 2023, 4:08 pm
Fortinet stock plummets after earnings -- what went wrong?
Fortinet stock dropped nearly 25% in one trading session....
August 4, 2023, 3:44 pm
Why nikola stock is plummeting today
Nikola failed to meet analysts' top-line estimates for Q2 2023. The company's CEO, Michael Lohscheller, has resigned....
August 4, 2023, 10:41 am
Expedia shares sink as its sales, bookings, and outlook come up short
Expedia Group shares plummeted after the online travel site reported sales and bookings that missed forecasts. The company gave weaker-than-expected g...
August 3, 2023, 6:15 pm