Midday Trading Update: Zoom Video Communications, Paramount Global, and Microsoft Make Headlines In today’s midday trading update, several companies are making headlines with significant stock movements. Zoom Video Communications saw an increase of nearly 2% ahead of its third-quarter earnings release, with analysts expecting $1.08 per share in earnings and revenue of $1.12 billion. Paramount…
Boeing, Microsoft, and PENN Entertainment are among the companies making big moves in premarket trading. Boeing saw a 1.5% increase after an upgrade from Deutsche Bank, while Microsoft added 0.5% following the announcement of former OpenAI CEO Sam Altman joining the company to head a new artificial intelligence research team. Meanwhile, PENN Entertainment saw a…
In midday trading, several companies are making significant headlines. Affirm’s shares surged by 17%, following their fiscal first-quarter revenue report that exceeded expectations. Virgin Galactic Holdings saw a 20% rally after announcing cost-saving initiatives, including pausing spaceflight operations next year and laying off 18% of its workforce. Duolingo also experienced a 17% surge in shares,…
