Dec 21st, 2021 – The Dow Jones grew 0,87% and closed at $37.404,35 after Wednesday’s hit, the Nasdaq recovered closing at $14.963,87 with a growth of 1,26%. The S&P 500 recovered from Wednesday closing at 4.745,75 with a growth of 1,03%.
Japanese automaker and portfolio holding Toyota (TM) shares fell by 4% after the announcement of a recall of about 1 million vehicles on Thursday. This happened also after the company’s subsidiary Daihatsu halted shipment of all its vehicles on Wednesday after an investigation found safety issues in the cars. Even though the beginning failed in the morning the stock closed positively with a growth of 0,46%. (L.H.Jie)
Triumph Group (TGI) shares jumped 30% after the announcement of the company to sell its product support business for $725 million, cash that will help to stabilize the struggling balance sheet of the company. This happens in a company that has lost 80% of its value in the last decade after poor-timed deals. The stock closed with a growth of 32,93%. (L.Whiteman)
Alibaba Group Holding Limited (BABA) stock is trading higher after the replacement of Trudy Dai, a founding partner, with CEO Eddie Wu as head of its core chinese e-commerce Tmall and Taobao. This move comes as the company tries to recover from recent challenges, including intensifying competition from PDD Holdings, with Alibaba focusing on recovering its position in cloud and e-commerce. At the end of the day shares closed with a growth of 3,97%. (A.Lahiri)
Payroll service company Paycheck Inc (PAYX) dropped after the company reported second quarter FY24 sales growth of 6% year-on-year to $1.26 billion, missing the analyst consensus estimate of $1.27 billion. The stock closed with a loss of 7,01%. (A.Lahiri)
Author: Luca Sesena