Technology Stocks Mainly Higher in Early Trade

Technology Stocks Mainly Higher in Early Trade

Technology shares were mainly higher in early trade on Tuesday. In technology stocks news, RiceBran Technologies (RIBT) named Robert Smith, the current interim chief executive officer, as its newest permanent CEO and board member, the company said Tuesday. Shares in the company were 4.4% lower at $1.09 in early trade. The stock has traded between $0.74 and $2.36 over the past 52 weeks.

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Consumer Stocks Extending Day-Long Advance Near Closing Bell

Consumer Stocks Extending Day-Long Advance Near Closing Bell

Consumer stocks were ending near the top of the Wednesday leaderboard, with shares of consumer staples companies in the S&P 500 advancing over 1.2% while shares of consumer discretionary firms in the S&P 500 jumped out to an 1.8% increase. In company news, Mercadolibre (MELI) was higher in late Wednesday trading after analysts at Goldman Sachs today raised their investment call for the Latin American ecommerce platform to Buy from […]

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US Trade Deficit Jumps 18% in October as Exports Fall, Imports Increase

US Trade Deficit Jumps 18% in October as Exports Fall, Imports Increase

The US trade deficit rose 18% in October as exports slumped and imports jumped month-over-month. The goods and services deficit rose to $42.6 billion in October, up from a revised $36.2 billion in September, the Census Bureau and Bureau of Economic Analysis said in a report on Tuesday. October exports totaled $186.4 billion, down by $3.4 billion from September, while imports rose by $3 billion to $229 billion. The goods […]

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Pandora Media Halves Gains

Pandora Media Halves Gains

Pandora Media halved its earlier gains after Reuters said, citing a source, the company is making no new effort to sell itself and instead, is focused on executing its strategy and its operating model. Earlier, shares had soared 13.5% after CNBC said the company is open to selling itself. Pandora has expressed a willingness to engage to longtime suitor SiriusXM, and SiriusXM is expected to pursue a deal, CNBC said […]

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Falling Tech Stocks Keeping Nasdaq Composite Underwater

Falling Tech Stocks Keeping Nasdaq Composite Underwater

Technology stocks were declining Wednesday, with shares of tech companies in the S&P 500 posting a 0.9% drop. In company news, Super Micro Computer (SMCI) shares advanced Wednesday after analysts at DA Davidson today raised their investment call for the computer and computer accessories manufacturer to Buy from Neutral, also increasing their price target for the company’s stock by $7 to $32 a share. The upgrade follows the company late […]

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