USA TODAY Published 9:45 AM EDT Oct 11, 2018 Investors are bracing for more swings in stock prices Thursday after the U.S. market's biggest rout since February was followed by sizable losses in Asia and Europe amid fears of slowing growth due to higher interest rates and trade tensions. In volatile early trading on Wall Street, the Dow Jones industrial was down as much as 151 points but off its lows, after plunging more than 800 points Wednesday. The big stock selloff in the U.S. spread overseas overnight, with Japan's main stock index falling nearly four percent and shares in Shanghai shedding more than 5 percent. Shares were also down about 1 percent in Europe. After Wednesday's rout, Wall Street pros are debating whether the current slide is signaling more severe problems for a bull market that is more than nine years old. Citing a still low chance of recession in the U.S., the current swoon is more likely just a "correction" -- or short-term pause -- in an ongoing … [Read more...] about Stock prices continue to fall after worst day since February
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IntriCon shares cool after secondary offering IntriCon, the best-performing Minnesota stock since 2017, cooled a bit last week amid a secondary stock offering that netted nearly $90 million, less underwriting fees and $27.5 million in proceeds from stock sales insiders. IntriCon’s stock price has run from about $8 per share a year ago to more than $68 on Aug. 15, just before the stock was priced and sold. The secondary stock offering was priced at $55 per share, represented a 13.5 percent discount to its market value over the past 30 days, or about a 3.5 percent premium to the upticking stock, according to Chief Financial Officer Scott Longval. The price of IntriCon, dropped after the offering to as low as $56 per share, reflecting a 25 percent increase in shares outstanding. Insiders sold about 25 percent of their holdings, including CEO Mark Gorder, a 40-year veteran who had not previously sold shares of the stock, and eight other officers and directors. Gorder, 71, sold … [Read more...] about Intricon’s stock price reflects investor enthusiasm even amid dilutive stock offering
U.S. stocks have been on a roll, setting repeated new record highs for the S&P 500 and Nasdaq Composite. The Dow Jones industrials index has been the laggard, weighed down by losses in trade-sensitive names like Boeing. However, it's still within 2 percent of its Jan. 26 peak, and it seems likely to cross that mark any day now. Stock index futures on Thursday morning were down slightly after four straight days of gains on the major indexes, but at this point, August seems sure to be another month of rising stock prices -- the fifth in a row for the S&P 500 and Nasdaq and the second for the Dow Jones industrials. This is already the longest bull market ever, and the current U.S. economic expansion is also one of the longest in history. Yet nagging concerns remain, from the specter of political shenanigans (impeachment?) looming after Election Day to the deepening trade rift between the U.S. and China. But equity investors apparently couldn't care less. Here are three reasons … [Read more...] about 3 forces pushing stock prices higher
Susan Tompor Detroit Free Press Published 1:10 p.m. UTC Jun 15, 2018 No doubt, Ford's purchase of the old Michigan Central Station will transform Detroit's iconic landmark, along with a good stretch of Michigan Avenue. Could all the excitement, though, work its way from Michigan Avenue to Wall Street? Will the out-of-the-boxy Glass House thinking put some spark in Ford's languishing stock price? One might hope that Ford's creative commitment to Detroit could give investors more confidence in Ford's ability to transform its business, capture top talent and play a major role in the mobility market. After all, a cool campus in Detroit could rival work environments for places like Google and Apple. For Detroiters, we're looking at an amazing next chapter in the city's revival, just five years after the city of Detroit filed for bankruptcy. "It legitimizes Detroit's comeback," said Mike Ramsey, a Gartner analyst who tracks autonomous technology. The abandoned … [Read more...] about Will Ford’s Detroit train station purchase spark its stock price?
Stock price up nearly five percent after hours Tim Baysinger, provided by Published 1:56 pm, Tuesday, June 12, 2018 Image 1of/1 CaptionClose Image 1 of 1 Time Warner Stock Price Spikes After AT&T Merger Approval 1 / 1 Back to Gallery Time Warner’s stock price leaped in after hours trading in the minutes following a judge’s approval of the company’s $85.4 billion acquisition by AT&T. Time Warner stock price is up 4.71 percent to $100.70 per share as of 5:08 p.m. ET, after closing Tuesday afternoon at $96.22 per share. AT&T, meanwhile, is down 1.80 percent to $33.73 per share as of 5:08 p.m. ET, after closing at $34.35. U.S. District Judge Richard Leon approved the two companies’s $85.4 billion merger. The deal had no conditions, CNBC reported. Also Read: Court Approves $85 Billion AT&T-Time Warner Merger Latest entertainment videos Now Playing: Now Playing Il Divo say … [Read more...] about Time Warner Stock Price Spikes After AT&T Merger Approval