24H|Super Micro Drops 3%; Zoom Sinks 6%; Cassava Sciences Rebounds 3% After Plunging 84%

Tiger Newspress09:59

Super Micro Computer shares pulled back 3.2% in overnight trading. The shares jumped another 16% on Monday, after the server maker’s plan to avoid being delisted from the Nasdaq sparked a record-breaking rally last week.

Zoom gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. The shares sank 6.2% in overnight trading.

Rumble plans to invest up to $20 million of its excess cash reserves in Bitcoin as part of a new corporate treasury diversification strategy, the video-sharing and cloud services platform announced. The shares gained 4.4% in overnight trading.

Kohl's stock dropped 3.5% in overnight trading after the retail announced its CEO would step down in January. Ashley Buchanan, who currently leads crafts store owner The Michaels Companies, is set to replace current CEO Tom Kingsbury.

Cassava Sciences shares rebounded 2.7% in overnight trading. The biotech firm plunged 84% on Monday after its experimental Simufilam drug aimed at treating Alzheimer’s disease failed a late-stage study.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment