Splunk Stock Crash 20% on Surprise Loss, Lower Revenue Outlook
Splunk stock price fell almost 20% in post-market trading as the data analytics software company missed revenue and earnings estimates for the third quarter. Lower than expected outlook for the fourth quarter added to investors’ concerns.
Bitcoin Price Fell on Profit-Taking, the Bull Case is Still Strong
After smashing an all-time high on Monday, Bitcoin price retreated amid traders profit taking strategy as the largest coin soared almost 40% in the last month alone. Despite the selloff, the market fundamentals are supporting the bull’s case considering the crypto adoption.
Salesforce Stock Fell on Slack Acquisition at Premium, Tops Q3 Consensus
Salesforce stock price has been under pressure since the office software developer hinted to buy work messaging app Slack last week. The shares extended the losses this week after Salesforce announced to buy Slack at a high premium price of $27.7 billion in cash and stock deal.
Tesla Stock Breaks Previous Records, Investors Bullish over EV Stocks
Tesla stock price jumped to a new all-time high of $530 as the largest electric vehicle company accelerated last week's gains by another 8%. Investors appear bullish over the future fundamentals of electric vehicles because advanced countries' are aggressively heading towards their zero-emission policy.
Nvidia Stock Steady Despite Record Gaming Demand
Nvidia stock price continues to trade in the $530 range even though the chipmaker has reported record September quarter results. The pressure on the share price has been blamed on the broader stock market uncertainty amid rising virus infections and social distancing policies.
Bitcoin Smashes Three Year High of $18K, Higher Adoption in Focus
Bitcoin price soared to the highest level in the last three years as several past events have raised investors’ confidence in the largest digital coin. Institutional investments by MicroStrategy and Square along with product integration by PayPal boosted investors’ confidence.
Tesla stock set to hit $550 after S&P stamp, analyst says
Tesla stock price reported a more than 8% increase after S&P announced to add the largest electric vehicle maker to the index. Bulls applauded the news as they have long been waiting for the S&P stamp on the electric vehicle maker.