Shares of Tesla Inc (NASDAQ: TSLA) hit $2000 for the first time ever on Thursday, just ahead of the company’s upcoming five-for-one stock split.
Shares of Tesla Inc (NASDAQ: TSLA) hit $2000 for the first time ever on Thursday, just ahead of the company’s upcoming five-for-one stock split. The stock was up 6.6% and closed at an all-time high of $2,001.83. Since August 11 when the company announced its stock split, the stock has soared 45%. It has soared over 300% in 2020 alone. Click here to read more.
Alibaba Group Holding Ltd (NYSE: BABA) saw substantial growth in its core commerce and cloud computing businesses in Q2 following China’s emergence from the Covid-19 lockdown. Sales from the company’s commerce business jumped 34% to $19.29 billion dollars while its cloud computing revenue grew 59% year-over-year. Total revenue came to $22.24 billion vs $21.38 billion expected. Click here to read more.
Facebook (NASDAQ: FB) disclosed on Thursday that its CEO, Mark Zuckerberg, testified at a hearing before the Federal Trade Commission this week as part of the antitrust investigation launched by the Agency in June 2019. Although the specifics of Zuckerberg’s testimony were not revealed, Facebook (NASDAQ: FB) stated that it was committed to cooperating with the FTC’s inquiry and answering the questions the Agency might have. Click here to read more.
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Here are the biggest movers in pre-market trading
1. The U.S. charges former Uber security chief with covering up massive 2016 hacking. Click here to read more
2. Judge grants Uber and Lyft temporary stay in driver reclassification case. Click here to read more.
3. 10 stocks positioned for an ‘abrupt’ rebound when normalcy finally returns. Click here to read more.
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