Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from $86 billion to around $40 billion. Despite the sharp sell-off,
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week. Lucid Group stock rises after denying it’s going bankrupt or private LCID stock crawled back after a
CrowdStrike stock continued its recent rally today, July 14, and is slowly nearing its all-time high of $209.55. It has jumped by 80% in the last six months, bringing its valuation to over $212 billion. CRWD and other top cybersecurity companies like Fortinet, SentinelOne, and Palo Alto Networks have also soared. The general thesis is
Planet Labs stock continued its strong downward trend last week, reaching its lowest level since March 19. PL has dropped by 50% from its highest point this year, with the market capitalization falling from over $18.40 billion in May to the current $9.28 billion, and technicals suggest that it has more downside to go. The
The Kospi Index is stuck in a local bear market after falling 21% from its year-to-date high. It ended the week at 7,475, down sharply from the year-to-date high of 9,387. This article highlights some of the top catalysts for South Korean stocks this week. Kospi Index chart | Source: TradingView Kospi Index to react
Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or will it rebound soon? Bloom
The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May. Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark.
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,
Palo Alto Networks stock continues its strong uptrend this week and is now hovering at its all-time high. PANW jumped by 156% from its lowest point this year, with analysts expecting more gains. BNP Paribas predicts that PANW will jump from the current $357 to $380, while Wells Fargo sees it soaring to $420. Other
Sandisk stock price has suffered a harsh reversal recently as its historic bull run hits a wall. SNDK dropped roughly 14% on Thursday, July 2, ahead of the holiday weekend, reaching its lowest level since mid-June. It has now slumped by roughly 25% from its recent all-time high, even as top Wall Street analysts have