Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from […]
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T Fallon | AFP | Getty Images DETROIT — Shares of General Motors on Thursday hit a new 52-week low and opened at their lowest price since November […]
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop after Wall Street extends its multiday losing streak Traders on the floor of the NYSE, May 11, 2022. Source: NYSE US stock futures dropped Thursday as the broad sell-off and revaluation of risk assets […]
Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric […]
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter […]
SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. why? Because a successful battery-powered pickup is a critical step in the EV transition, […]
This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late Tuesday, the Wall Street Journal […]
photo: Mercedes Mercedes isn’t having trouble selling electric cars, Tesla has a new recall, and Lucid is going to Europe. All that and more in The Morning Shift for May 10, 2022. 1st Gear: Mercedes’ EV Business Is Strong I’m not really sure what to make of this, other than virtually any new car today […]