Some of the stocks that may grab investor focus today are:
NIO will release new pure electric cars tonight. A product launch conference will be held at 8:00 pm today. The company will releaseES7 and other pure electric new cars.
Early buyers of Rivian’s latest electric SUV are facing another delivery delay. A number of customers who pre-ordered Rivian’s R1S SUV received an email this week informing them that an expected June or July delivery window has been pushed back several months. According to Auto Evolution, customers posted on Rivian’s forum that their delivery window had been updated to August or September 2022, or as late as October through December 2022.
About half of bitcoin holders using Coinbase as an exchange likely are facing losses, after the largest cryptocurrency fell to $20,834 late Monday, the lowest level since December 2020, according to analysts at Mizuho. Besides, Coinbase said it will reduce its workforce by 1,100 employees, or about 18% of its staff, as part of its efforts to manage operating expenses.
Wall Street expects John Wiley & Sons, Inc. to post quarterly earnings at $0.97 per share on revenue of $558.60 million before the opening bell. John Wiley & Sons shares gained 2.1% to $49.10 in after-hours trading.
Planet Labs PBC reported mixed financial results for its first quarter. The company’s revenue increased 26% year-over-year to $40.1 million, beating market estimates of $39.5 million. The company, meanwhile, reported a quarterly earnings loss of 17 cents per share. Planet Labs shares dipped 11.5% to $4.56 in the after-hours trading session.
Waterdrop Inc. is projected to report earnings for its first quarter before the opening bell today. Waterdrop shares gained 1.9% to $1.62 in the after-hours trading session.
RF Industries, Ltd. reported better-than-expected results for its second quarter and raised its FY22 sales forecast. RF Industries shares jumped 5.7% to $6.45 in the after-hours trading session.
Western Asset Mortgage Capital Corporation named Robert W. Lehman as Chief Financial Officer. Western Asset Mortgage Capital shares gained 2.5% to $1.23 in after-hours trading.
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