New York Stock Exchange

New York Stock Exchange10 posts
28 Apr, 2015

Stock crashes after early earnings release

Financial Report

The Company’s stock crashes after financial analytics firm Selerity posts a quarterly report before the stock market closes. The report shows revenue growth at 74 percent in the quarter, which is below the company’s own forecasts. Twitter shares plunge on the news, and trading briefly halts so the company can disseminate its results. The drop steepens and the stock ends the day down about 18 percent. Executives attribute the slowdown to a transition to an advertising model that prices certain ads based on the result, such as whether the viewer downloaded an app, instead of whether the person simply clicks on it.

19 Sep, 2014

Closes at $93.89

Alibaba ($BABA) closes at $93.89 a share on its first day of trading on the New York Stock Exchange. The closing level is 38% higher than its IPO price of $68 but only 1.3% higher than its trading debut of $92.70.

$7.9 billion gain

The selling price of $92.70 in the first trade of Alibaba shares translates to an overall $7.9 billion gain from the $68 IPO price given the 320.1 million-share float. Figures from data provider Dealogic show the sum total created by all other stock debuts in 2014 including first-day losers is $5.3 billion.

Do you love news? Help us add and summarize the world's news. Find out more