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AT&T Stock Declines 4.5% in Week Despite Spectrum and Satellite Deals
AT&T shares closed at $24.03 on Friday, down 4.5% for the week, amid a broader market decline. The company secured FCC approval for a $23 billion spectrum deal with EchoStar and joined a satellite joint venture.
Archer Aviation Faces Key Week After Stock Drop and New Share Filing
Archer Aviation shares dropped 5.6% Friday to $6.05 after a May 14 SEC filing registered 3.27M resale shares and up to $8M in new stock for vendors, expected around May 19. The company, with $1.78B cash and a Q1 net loss of $217.7M, appears at Deutsche Bank's auto conference Tuesday.
Grab Faces Critical Week as Oil, Yields, and Indonesia Risks Mount
Grab shares fell 4.57% last week to $3.55, as rising oil prices and bond yields pressured the stock. Q1 revenue beat estimates, but Indonesia regulatory risks and macro headwinds remain.
Micron's AI Momentum Faces Test After Volatile Week
Micron Technology shares closed down 6.6% on Friday at $724.66 after a volatile week, but the stock remains up nearly 154% for the year. The drop was part of a broader market selloff as Treasury yields rose.
IREN Stock Tumbles 9% After Closing $3B Convertible Note Deal for Nvidia AI Push
IREN shares dropped 9.35% to $52.94 Friday after closing a $3.0 billion convertible-note sale for its Nvidia AI infrastructure expansion, ending the week down 13.5%.
SoFi Technologies Faces Pivotal Week After Volatile Friday Close
SoFi Technologies shares slipped 2.56% to $15.61 on Friday, entering a crucial week as the company prepares to present at J.P. Morgan's tech conference.
Bitmine's $13.4B Ether Bet Under Pressure as Weekend Slide Hits $11.4B
Bitmine Immersion Technologies shares fell 9.7% Friday as Ether slid to $2,186, reducing the value of its 5.21 million ETH holdings to about $11.4 billion.
Microsoft Rises on Pershing Square Stake; Nvidia Earnings and Yields in Focus
Microsoft shares rose 3% Friday after Pershing Square disclosed a new stake. The market now turns to Nvidia earnings and bond yields for the next catalyst in AI-driven tech stocks.
Tesla Hikes Model Y Prices After Friday Stock Drop
Tesla increased Model Y prices by $500-$1,000 over the weekend, its first such hike in two years, after shares fell 4.75% on Friday to $422.24.
Redwire Soars 27% on Record Backlog and Defense Drone Focus
Redwire shares jumped 27% over five sessions, closing at $14.06, fueled by a record backlog and defense-drone interest, despite a $76.5 million loss.