Competition in the electric vehicle sector continues to heat up as traditional manufacturers unveil their electrification and battery development plans and roll-out new models.
One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
U.S. indices were trading lower Thursday despite slightly better-than-expected U.S. jobs data. Positive data has potentially raised concerns the Fed could eventually taper stimulus measures. Speculative retail trading in some names has also increased volatility.
Clovis Oncology Inc. (NASDAQ: CLVS) is gearing up to present this week at the American Society of Clinical Oncology annual meeting, which runs June 4-8.
The company is expected to report updated Phase 1b results on Lucitanib and Opdivo in patients with advanced solid tumors.
Snap (NYSE: SNAP) shares are trading lower by 3.2% at $60.77 Thursday afternoon. Weakness appears related to overall market weakness as well as Wednesday news the company's Head of Original Content Sean Mills is exiting.
Workhorse Group Inc. (NASDAQ: WKHS) shares gapped higher Thursday after retail traders flooded into the stock trying to take advantage of the high short interest. The short float percentage in the stock is showing to be above 42%.
Institutions have increased their short position on Tilray Inc (NASDAQ: TLRY) by over 12 million in the last month alone and it looks as though they’re about to regret it.