Company News for April 5, 2022
- PDD shares of Pinduoduo Inc. jumped 15.6% following news of a potential rule change that would allow Chinese companies to share sensitive data with US regulators.
- Roku, Inc.’s ROKU shares gained 7.2% following its statement confirming a multi-year extension of its distribution agreement with Amazon.com, Inc. AMZN.
- Shares of Starbucks Corporation SBUX plunged 3.7% after CEO Howard Schultz announced the company would suspend stock buybacks.
- Moderna, Inc.’s ARNM shares fell 2.3% after the FDA warned against updating vaccines to ensure greater effectiveness against the COVID-19 virus in a briefing document .
Just released: The biggest tech IPOs of 2022
For a limited time, Zacks reveals the most anticipated tech IPOs set to launch this year. Worries over federal interest rates and inflation have kept many private companies on the bench, leading companies with better brand recognition and higher growth rates to enter the game. With the strength of our economy and record amounts of money pouring into IPOs, you don’t want to miss this opportunity. See the full list today.
>> See Zacks’ Hottest IPOs Now
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Starbucks Corporation (SBUX): Free Inventory Analysis Report
Moderna, Inc. (MRNA): Free Stock Analysis Report
Roku, Inc. (ROKU): Free Stock Analysis Report
Pinduoduo Inc. Sponsored ADR (PDD): Free Stock Analysis Report
To read this article on Zacks.com, click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
