Latest News
Joby Aviation Stock Drops 8% as Virgin Atlantic Deal Lacks Financial Details
Joby Aviation shares slid 8.1% on Friday, closing at $6.93, as the Virgin Atlantic agreement lacked specifics on aircraft orders, payments, or launch dates.
Western Digital Posts Weekly Gain Despite Friday Slide as Profit Outlook Brightens
Western Digital closed Friday at $519.80, down 6.9%, yet still gained 8.9% for the week as profit estimates climbed 20% to $3.30 per share.
CSL Shares Slide 7.4% as HEMGENIX Scale-Up Faces Supply Constraints
CSL shares dropped 7.4% last week as HEMGENIX gene therapy progress remains limited, with supply constraints and revenue concerns weighing on the stock.
CBA Shares Rise as Competitors Outperform in Rate-Driven Rally
CBA shares rose 1.0% on Friday, trailing rivals Westpac, NAB, and ANZ which averaged a 1.41% gain as investors sought cheaper income plays.
Viking Therapeutics Faces Cash Runway Questions Ahead of Q2 Report
Viking Therapeutics shares fell 6.2% last week as analysts increased Q2 loss estimates by 24% to $1.23 per share. The company's cash runway faces scrutiny ahead of earnings on July 29.
Archer Aviation Holds Weekly Gain as Market Awaits Firm Defense Orders
Archer Aviation shares ended the week up 7.4%, but a significant portion of Monday's gains evaporated after Halo failed to disclose order pricing, highlighting the need for firm contracts.
Alibaba Stock Retreats After Qwen Surge, Cloud Margins Now Key Focus
Alibaba's stock gave back gains from its Qwen model launch, with weekly declines of 2.5% in the US and 4.3% in Hong Kong. Market attention is now on cloud margins.
Arbe Robotics Slips From Defense Rally, Eyes Q2 Earnings
Arbe Robotics (ARBE) stock retreated from a defense-contract rally, closing at $0.6777 with a 6.7% weekly loss. Q2 earnings on August 6 are the next key event.
Meta Shares See $44 Swing as AI Spending, Ad Trial Loom
Meta Platforms shares slid 1.8% on Friday, with options implying a $44 swing after earnings. The company faces a high capex ratio and a critical advertising trial.
PayPal Stock Holds Nearly 67% of Takeover Premium Ahead of Q2 Earnings
PayPal shares retained 66.9% of the bid premium from a reported $60.50 takeover offer ahead of Q2 earnings, closing Friday at $56.15.