Articles by Sarah Chen
XRP Climbs 4.6% Amid Inflation Data, ETF Speculation
XRP gained 4.6% to approximately $1.47, with trading volume hitting $2.47 billion. The move comes as markets digest recent inflation data and await further signals on monetary policy.
Bitcoin Holds Near $70K as Inflation Data Fuels Rate Cut Bets
Bitcoin edged higher to $69,661, maintaining proximity to the $70,000 level following encouraging inflation figures. Market focus shifts to upcoming Fed minutes and economic data.
Lumentum Shares Slide on Insider Transactions Ahead of Market Reopening
Lumentum Holdings declined 3.6% on Friday following regulatory disclosures of stock sales by senior leadership. U.S. markets reopen Tuesday after the Presidents Day holiday.
Intel's Volatile Week Ends with Neutral Analyst Call Ahead of Holiday
Intel shares edged up 0.6% to $46.79 on Friday, capping a volatile week. DA Davidson started coverage with a Neutral rating and a $45 target, calling Intel's reset one of the hardest in semiconductor history.
MSTR Soars 9% as Bitcoin Rallies Ahead of Holiday Weekend
Strategy Inc shares jumped 8.85% to $133.88, tracking a late-week Bitcoin rally. The company also filed a prospectus for a new preferred stock offering.
Palantir Stock Gains Amid Analyst Upgrade, Burry's Bearish Bet
Palantir shares advanced Friday, recovering from prior losses, as a bullish analyst upgrade contrasted with Michael Burry's bearish position. Markets eye Fed minutes and inflation data next week.
Broadcom Shares Slide as Analyst Flags AI Chip Margin Pressure
Broadcom shares declined 1.8% to $325.17 as D.A. Davidson started coverage with a Neutral rating and $335 target, citing risks from cloud customers internalizing chip work.
MicroStrategy Surges After Hours on Bitcoin Rally, Unveils Preferred Stock Details
MicroStrategy shares climbed nearly 9% in extended trading Friday, mirroring a bitcoin price recovery. The company also detailed its new preferred stock offering and recent cryptocurrency acquisitions.
Cognizant Shares Rebound After Steep Drop, AI Concerns Linger
Cognizant stock snapped a four-session losing streak Friday, closing up 1.1% at $66.55. The rebound followed a sharp 7.2% decline on Thursday amid heavy trading volume.
Seagate Completes $600M Debt Exchange, Sets Investor Events
Seagate Technology has agreed to a $600 million debt exchange, swapping notes for cash and new equity. The transaction is scheduled to settle around February 17.
XRP Gains on Inflation Data, Ripple-Aviva Tokenization Deal
XRP climbed roughly 3.4% to $1.41, buoyed by mild U.S. inflation figures and a new institutional tokenization initiative between Ripple and Aviva Investors.
MSTR Surges as Bitcoin Rebounds, Investors Eye Funding and Dividends
Strategy Inc shares climbed nearly 8% on Friday, mirroring bitcoin's advance toward $69,000, while crypto-linked equities also gained ground.