Shares

Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Nearly 20%

Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Nearly 20%

Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged nearly 20% on Thursday after reports that the company will temporarily halt production of its at-home fitness products as it looks to cut costs amid a “significant reduction” in consumer demand. Peloton lost nearly a fifth of its …

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Ford’s Amped Up Electric Vehicle Strategy Boost Shares, Tops GM’s Market Cap

Ford’s Amped Up Electric Vehicle Strategy Boost Shares, Tops GM’s Market Cap

Ford CEO Jim Farley with the electric F-150 Lightning truck in Dearborn, Michigan. Bill Pugliano/Getty Images Ford Motor Co.’s plans to accelerate production and sales of battery-powered crossovers and pickups are turbocharging the company’s shares this month and pushed its market capitalization past that of larger rival General Motors to become the second-most valuable U.S. …

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Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans

Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans

Topline Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company successfully ramping up electric vehicle production. Ford CEO Jim Farley stands next to the company’s new F-150 Lightning pickup. Carlos Osorio/ASSOCIATED PRESS Key Facts …

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Rivian Shares Plunge Nearly 15% In Two Days After Amazon Signs Deal With Rival

Rivian Shares Plunge Nearly 15% In Two Days After Amazon Signs Deal With Rival

Topline Shares of electric vehicle startup Rivian have fallen by around 15% in the last two days, hitting a new low after Amazon signed a deal to buy electric vans from rival automaker Stellantis and as investors continue to rotate out of high-growth stocks amid rising interest rates. The electric vehicle maker briefly dipped below …

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‘Sex And The City’ Reboot Is The Least Of Peloton’s Worries—With Shares Down Over 70% This Year

‘Sex And The City’ Reboot Is The Least Of Peloton’s Worries—With Shares Down Over 70% This Year

Topline After a streak of heavy losses, shares of at-home fitness equipment maker Peloton rose slightly on Monday after the company released a new ad hitting back at HBO’s Sex and the City reboot, in which a major character was killed during a ride on the company’s bike. Peloton’s market cap is down nearly $40 …

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Rivian Shares Fall To Record Low As Company Warns Of Supply Chain Issues

Rivian Shares Fall To Record Low As Company Warns Of Supply Chain Issues

Topline Shares of Rivian tumbled nearly 11% on Friday—hitting a new record low since the company’s blockbuster IPO last month—after the electric truck maker warned that it would miss its 2021 production target due to ongoing supply chain issues. Rivian’s first earnings as a public company showed that ramping up production levels will be no …

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Intel Plans Potential $50 Billion IPO For Its Israeli Self-Driving Car Unit, Shares Rise

Intel Plans Potential $50 Billion IPO For Its Israeli Self-Driving Car Unit, Shares Rise

Topline Shares of chipmaker giant Intel, which have largely underperformed so far this year, rose by more than 4% Tuesday after the company announced plans to take its self-driving car unit public in 2022 at a potential $50 billion valuation. Intel shares have largely struggled this year but rose more than 4% on the news. …

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