The electric vehicle maker announced a 5 for 1 stock split yesterday in an effort to make its shares more accessible to employees and investors.
The electric vehicle maker announced a 5 for 1 stock split yesterday in an effort to make its shares more accessible to employees and investors. Tesla’s stock split follows a 4 for 1 stock split announced by Apple Inc in late July. From August 21, Tesla shareholders will receive four additional shares at the close of trading while stock trading on a split-adjusted basis will commence on August 31. Tesla shares were up 7% after the announcement. Click here to read more
Walmart (NYSE: WMT) has struck a partnership with Instacart, a grocery delivery and pickup service, to offer same-day delivery of items from Walmart to consumers. This move allows Walmart to compete with Amazon’s Whole Foods and firmly establishes Instacart’s hold over the online grocery delivery market. Click here to read more
Airbnb is reportedly planning to file confidentially with the SEC for an IPO this month. Shares of the rental company could be available by the end of the year. Airbnb had planned to go public earlier this year but the Covid-19 pandemic halted those plans with the company laying off 25% of its staff to cut costs. Airbnb’s private valuation has dropped to $18 billion from $31 billion in 2017. Click here to read more
Lemonade (NYSE: LMND) stock plunged 6.9% in the regular trading session on Tuesday and another 4.3% in extended trading after the company delivered its first-ever quarterly results. Lemonade posted a Q2 loss of $21 million while revenue came to $29.9 million from $13.8 million in Q2 2019. The company, however, expects revenue of $14 million to $15 million in Q3 and $86 million to $88 million for the year. Click here to read more
Here are the biggest movers in pre-market trading
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