Tag: Stock

Why CBAK Energy Technology Stock Fell 19.6% in February

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) slumped 19.6% in February, according to data from S&P Global Market Intelligence. The battery technology specialist’s stock saw steep declines at the end of the month as investor confidence in growth-dependent tech stocks wavered. 

CBAT Chart

CBAT data by YCharts.

The Chinese battery technology company’s stock has surged over the past year amid signs that it might have big growth opportunities in the electric vehicle (EV) market, but it remains vulnerable to volatility. With EV stocks suffering substantial sell-offs at the end of last month, it’s not surprising that CBAK shares saw a steep

Read more

Why Micron Technology Stock Went Up Almost 17% in February

What happened

Shares of Micron Technology (NASDAQ:MU) went up 16.9% in February, according to data provided by S&P Global Market Intelligence. The stock even approached all-time highs achieved way back during the dot-com bubble of 2000. Here’s why: The semiconductor industry is showing signs of strength, and some Wall Street analysts believe this could keep fueling gains for Micron stock.

So what

Micron makes two kinds of memory products, but dynamic random access memory (DRAM) is its most important, accounting for 72% of total revenue for fiscal 2020. While DRAM products are generally in high demand, occasional oversupply in the

Read more

Seagate Technology’s stock surges toward a record after double upgrade at BofA

Shares of Seagate Technology PLC

jumped 2.1% toward a record high in midday trading Thursday, to buck the selloff in its technology peers and the broader stock market, after BofA Securities analyst Wamsi Mohan swung to bullish from bearish on the data storage company, citing the nearing of an “inflection” in revenue trajectory and industry profitability. Mohan raised his rating to buy from underperform, while lifting his stock price target to $90 from $54. He said he expects capacity additions to moderate, pricing to normalize and mass capacity hard-disk drives (HDD) to drive improvement in revenue, mix and

Read more

Why Luokung Technology Stock Plunged Today

What happened

Luokung Technology‘s (NASDAQ:LKCO) stock price fell 26% on Wednesday after the Chinese provider of location-based services for autonomous vehicles announced a massive stock offering. 

So what

Luokung’s shares more than quadrupled in value after its acquisition candidate, eMapgo Technologies, said on Feb. 4 that it would work with Beijing New Energy Automobile to co-develop mapping services for electric vehicles. 

A person is pointing to a stock chart that rises sharply and then falls.

Luokung Technology gave up some of its recent gains on Wednesday. Image source: Getty Images.

This morning, Luokung moved to cash in on its recent share price gains by conducting a $100 million direct offering. Luokung will sell

Read more

LKCO Stock: 5 Things to Know About Luokung Technology as Shares Rocket Today

Luokung Technology (NASDAQ:LKCO) stock is on the rise Tuesday despite a lack of news concerning the company.

a stock image of a person working on data charts using a futuristic computer.

Source: Shutterstock

The increase in price for LKCO stock comes alongside heavy trading of its shares. As of this writing, more than 144 million shares of the stock have changed hands. That’s a massive jump over the company’s daily average trading volume of roughly 6 million shares.

So why exactly is LKCO stock up today? While the reason is unclear, it could be continued moment from the company’s direct offering of shares. That was announced on Feb. 5 and LKCO stock

Read more