Shares in electric sports car maker Tesla Motors Inc jumped 18% to a record high on Thursday, after surprisingly strong second-quarter results convinced investors the company has found a route to sustainable profits.
Tesla’s shares have more than doubled since it reported its maiden profit in the first quarter of the year — hitting new highs most weeks.
At least seven brokerages raised their price targets after Tesla reported its second profit in a row late Wednesday, by as much as US$69 a share.
Stocks started the day at an all-time high and only rocketed higher. First the scoreboard: Dow: 15,215, +123.5 pts, +0.8%S&P 500: 1,650, +16.5 pts, +1.0%NASDAQ: 3,462, +23.8 pts, +0.6% And now the top stories:
Andrew Wilkinson submits: CTrip.com International, Ltd. (CTRP) – Shares of the consolidator of hotel accommodations and airline tickets in China fell as much as 17.65% during the first half of the trading session to touch down at an intraday low of $31.35.
Julian Robertson's Tiger Management has filed its latest 13F regulatory filing with the Securities and Exchange Commission. During the first quarter ended March 31st, Tiger Management dumped the rest of its stake in Apple, the filing shows.
Remember when Facebook had a disastrous IPO and its stock fell to $18/share because the company couldn't figure out how to re-accelerate its revenues and it seemed lost in mobile? That seems like so long ago. Today, Facebook stock is up more than 4% – above $27.
Shares of Facebook Inc jumped as much as 11.2% on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company’s disappointing debut in May
From the very start of market maker implied stock price forecasts for Facebook (FB) on May 29 to the present time three months later (Aug. 28), expectations have held to an unusually tight format. Early on, the market pros protected themselves against a pattern of twice as much upside prospect as likely downside exposure. Then their forecast range was from a low of $26 to a high of $34.63. From an end-of-day price of $28.84, it was an upside of +20% to a downside of -10%.