Alibaba, Baidu, JD.com And Some Other Big Stocks Moving Lower On Monday
U.S. stocks traded mostly higher, with the Dow Jones gaining more than 200 points on Monday. Here are some big stocks recording losses in today’s session.
12 Communication Services Stocks Moving In Monday’s Pre-Market Session
Gainers
Scholastic (NASDAQ:SCHL) stock rose 11.1% to $37.37 during Monday's pre-market session. The market value of their outstanding shares is at $1.2 billion.
Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's trading, 517 companies set new 52-week lows.
Stocks That Hit 52-Week Lows On Monday
During Monday's trading, 528 companies set new 52-week lows.
Stocks That Hit 52-Week Lows On Wednesday
Wednesday's session saw 361 companies set new 52-week lows.
Shrinking Hello Group Targets Tantan Breakeven in 2023
Key Takeaways:
Hello Group predicted its revenue will slide by at least 14.9% in the current quarter, extending a streak of declines dating back to early 2020
The company’s retrenchment strategy involves a turnaround at its loss-making Tantan, which aims to break even by 2023 by cutting costs and rolling out new functions
Tesla To $360? Here Are 5 Other Price Target Changes For Friday
Piper Sandler raised the price target on Tesla, Inc. (NASDAQ: TSLA) from $344 to $360. Piper Sandler analyst Alexander Potter maintained an Overweight rating on the stock. Tesla shares rose 0.3% to $277.98 in pre-market trading.
HSBC Maintains Hold on Weibo, Lowers Price Target to $22
HSBC analyst Charlene Liu maintains Weibo (NASDAQ:WB) with a Hold and lowers the price target from $26 to $22.