China Automotive Systems reports Q1 earnings rise, despite a slight dip in net sales, attributed partly to lower product sales to Stellantis, while maintaining revenue guidance for FY 2024.
Data shows that short sellers lost $1 billion with GameStop's increased share price on Monday. Here's a look at how much short sellers are down on GameStop year-to-date and how AMC could be next up.
IGT shares surge as Q1 earnings surpass expectations, driven by strong Global Lottery growth and improved operating margins, with a positive dividend announcement and optimistic FY24 outlook.
Jack In The Box shares are trading higher after the company reported better-than–expected second-quarter FY24 adjusted EPS. The company reported a second-quarter FY24 sales decline of 7.7% year-on-year to $365.35 million, missing the analyst consensus estimate of $368.64 million.
Shares of GameStop, AMC Entertainment and other meme stock names are racing higher on renewed interest from retail investors after Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night followed by a series of cryptic posts on Monday. The meme stock rally has extended to other heavily-shorted stocks, including MicroCloud Hologram. According to data from Benzinga Pro, 19.76% of available shares are being short sold.
Over the past 24 hours, Litecoin's (CRYPTO: LTC) price has fallen 3.08% to $78.86. This continues its negative trend over the past week where it has experienced a 3.0% loss, moving from $82.02 to its current price.
Over the past 24 hours, Fetch.ai's (CRYPTO: FET) price has fallen 4.61% to $2.03. This continues its negative trend over the past week where it has experienced a 17.0% loss, moving from $2.46 to its current price.
Render's (CRYPTO: RNDR) price has decreased 9.93% over the past 24 hours to $10.12, continuing its downward trend over the past week of -5.0%, moving from $10.7 to its current price.