Meal-kit company HelloFresh saw its stock plummet Friday (March 8) in its largest single-day decline since debuting on the market in 2017. The company’s shares dropped to a low of 6.13 euros (about $6.71), marking a record 48% slump, Bloomberg reported Friday. Once celebrated as a beacon of convenience...
The digital economy has come full-force to Wall Street. To be sure, there are thousands of tech-heavy companies — asset light, digital first, perhaps digital-only players trading on various exchanges. But the recent announcement that Amazon has joined the Dow Jones Industrial Average as of Monday (Feb....
FanDuel parent company Flutter is now trading on the New York Stock Exchange. The Ireland-based company announced in a Monday (Jan. 29) press release that while it will continue to list on the London Stock Exchange, it will now also trade in the United States,...
Ride-hailing giant Uber recorded a 5% increase in its shares Monday (Dec. 4), following the news that it was chosen to join the S&P 500. The announcement from S&P Dow Jones Indices sparked a flurry of purchases, CNBC reported Monday. Although Uber will only join...
Starbucks’ sales have taken a hit as the coffee giant struggles with strikes. Amid this dip in sales, its stock has suffered a record run of losses, resulting in a 10% market value decline of nearly $12 billion, Bloomberg reported Monday (Dec. 4). In particular,...
Adyen’s plan to “evolve” its financial objectives reportedly hit the right note with investors. Shares in the Dutch payments firm jumped 38% Wednesday (Nov. 8) — the highest since Adyen went public in 2018 — after the company detailed its plans to reach its growth...
Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79% year-to-date, Seeking Alpha reported Thursday. Despite the downgrade, Shirvaikar maintains a positive view on Paymentus’ fundamentals,...
Birkenstock is reportedly gearing up for its highly anticipated initial public offering (IPO) with a target valuation of $10 billion. If successful, this move would position Birkenstock as the third-largest footwear company in terms of market capitalization, trailing only behind industry giants Nike and Deckers...
The FinTech IPO Index traded slightly lower, off 0.7%, as platforms led the group to the downside. But even with the dip, the Index itself is up slightly more than 35% year to date. OppFi shares sank 10%. Reuters reported coming into the month that Los Angeles...
