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Datadog Surges 9.8% After RBC Price Target Hike; Conference Appearance Awaited
Datadog shares jumped 9.8% on Friday after RBC Capital raised its price target to $250, capping an 11.3% weekly gain. The company reported strong Q1 results and achieved FedRAMP High certification.
Clorox Stock Tumbles as CEO Steps Down for Health Reasons
Clorox shares dropped 6.4% Friday after CEO Linda Rendle said she would step down for health reasons, compounding worries about the company's sales and profit outlook.
Clorox Shares Tumble 6% as CEO Resignation Adds to Investor Worries
Clorox shares dropped 6.4% on Friday after CEO Linda Rendle said she would step down for health reasons, adding to investor concerns about weak sales and a reduced profit outlook.
Atlassian Soars 26% in Holiday-Shortened Week on Cloud Strength
Atlassian shares surged 26% in a holiday-shortened week after strong quarterly results, with cloud revenue rising 29% and ARR surpassing $1 billion. The rally was part of a broader software rebound led by Snowflake and Dell.
Palo Alto Networks Jumps on AI Acquisition, Earnings Ahead
Palo Alto Networks shares surged 9.28% to $281.69 Friday after closing its Portkey AI acquisition. The stock rose 8.1% for the holiday-shortened week, with earnings due Tuesday.
Adobe Shares Surge on AI Shopping Data, Weekly Gain Nears 6%
Adobe shares jumped 7.36% Friday, posting a 5.9% weekly gain, fueled by strong AI shopping data and bullish sentiment. Q2 earnings are due June 11.
Adobe Stock Surges 7.4% on AI Shopping Data, Eyes Q2 Earnings
Adobe shares jumped 7.36% on Friday, erasing weekly losses, as AI-driven shopping conversions surged 182% year-over-year. The stock gained 5.9% for the week ahead of Q2 earnings on June 11.
Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.
XRP Recovers Above $1.30, Faces Key Resistance at $1.40
XRP rebounded above $1.30 to near $1.34, up 1.63% in 24 hours with $2.46B volume. Key support and resistance levels stand at $1.20 and $1.40.