As Tesla Inc.’s stock keeps sinking toward the longest losing streak in more than four years, it has become the most oversold on a technical basis since going public 12 years ago. Keep in mind that an oversold reading doesn’t necessarily mean the selloff is over, but it does send a warning to sellers that … Read more
U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks will continue tightening … Read more
Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electric-vehicle maker. Tesla TSLA, -4.72% stock fell 4.7% Friday for a weekly decline of 16.1%, the fourth-worst week in … Read more
Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday.
Blackstone Inc. BX -7.09% shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions. Blackstone Real Estate Income Trust Inc., more commonly known as BREIT, said Thursday in a letter posted to its website that the amount of withdrawals requested in October exceeded its monthly … Read more
Tesla Stock Won’t Stop Dropping. Here’s How Low It Could Go. Barron’s What’s Going On With Tesla Stock Today – Tesla (NASDAQ:TSLA) Benzinga The Chartmaster says Tesla stock is primed for a breakdown CNBC Television Tesla Stock Succumbed to Elon Musk. Investors, Beware. Barron’s Tesla Has ‘The Worst Chart I’ve Ever Seen,’ Cramer Says — But Here’s Why The … Read more
Kohl’s Corp. KSS 8.72% Chief Executive Michelle Gass is leaving the department-store chain early next month to join Levi Strauss LEVI -1.73% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors for sales declines and a steep drop in … Read more
David Zaslav declared it a “bright shiny day’’ after the deal to merge his cable programming juggernaut Discovery Inc. with AT&T Inc.’s T 0.44% WarnerMedia unit closed last April. As of Wednesday’s close, the stock was down about 48% since the deal closed on April 8, and the company disclosed it expects to incur as … Read more
The Nasdaq Stock Market has quietly halted listings of small-cap Chinese companies, holding up approval letters and demanding more information about related parties in deals, after a series of meteoric run-ups—and dramatic collapses—in IPOs this year. Shares of more than 20 recently listed companies have risen over 100% on their first day of trading. They … Read more
Netflix Inc. added more than 2 million subscribers in the third quarter after stumbling into 2022 with two consecutive quarterly declines, a rebound that sent shares more than 15% higher in after-hours trading Tuesday. Netflix NFLX, -1.73% reported a net gain of 2.41 million subscribers in the third quarter, while analysts on average were forecasting … Read more