Check out the companies making headlines in midday trading. Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. The electric vehicle maker lowered prices for its Model 3 in China, on top of decreases in other markets, Reuters reported . Chinese manufacturer Li Auto also lowered price tags on many models, sending shares down 6%. Verizon Communications — The telecommunications giant fell more than almost 4% after posting mixed quarterly results. Verizon reported $33 billion in revenue, slightly under the $33.32 billion figure penciled in by analysts, per FactSet. The company earned $1.15 a share, excluding items, in the first quarter, three cents more than the consensus forecast of analysts. Verizon also reaffirmed its full-year guidance for several measures. Paramount Global — The B-class shares of the entertainment company dipped 2% on Monday as investors continued to gauge the possibility of a buyout. CNBC’s David Faber reported Monday that Paramount’s special committee has not yet heard from Sony about a potential offer. Informatica — The enterprise data management company tumbled nearly 9% after acquisition talks with Salesforce broke down. Salesforce shares inched higher by less than 1%. Riot Platforms — The bitcoin miner rallied 14% following the ” halving” event , in which bitcoin mining rewards were cut in half. Late last week, JPMorgan als …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. The electric vehicle maker lowered prices for its Model 3 in China, on top of decreases in other markets, Reuters reported . Chinese manufacturer Li Auto also lowered price tags on many models, sending shares down 6%. Verizon Communications — The telecommunications giant fell more than almost 4% after posting mixed quarterly results. Verizon reported $33 billion in revenue, slightly under the $33.32 billion figure penciled in by analysts, per FactSet. The company earned $1.15 a share, excluding items, in the first quarter, three cents more than the consensus forecast of analysts. Verizon also reaffirmed its full-year guidance for several measures. Paramount Global — The B-class shares of the entertainment company dipped 2% on Monday as investors continued to gauge the possibility of a buyout. CNBC’s David Faber reported Monday that Paramount’s special committee has not yet heard from Sony about a potential offer. Informatica — The enterprise data management company tumbled nearly 9% after acquisition talks with Salesforce broke down. Salesforce shares inched higher by less than 1%. Riot Platforms — The bitcoin miner rallied 14% following the ” halving” event , in which bitcoin mining rewards were cut in half. Late last week, JPMorgan als …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
