Tuesday morning, after the stock spiked in late March and then suffered five consecutive "down" days, Tilray Brands released the firm's fiscal third quarter financial results. Tilray posted GAAP EPS of $0.09 on revenue of $151.87M. A year ago, Tilray posted a GAAP EPS loss of $1.03 per share. Read More...
Motley Fool
Why Snowflake, HubSpot, and Datadog Plunged Today
Shares of top technology growth stocks Snowflake (NYSE: SNOW), HubSpot (NYSE: HUBS), and Datadog (NASDAQ: DDOG) plunged today, with shares down 5.4%, 6.2%, and 7%, respectively, as of 1:15 p.m. ET. While high-growth software stocks actually may have benefited from recessionary fears over an inverted yield curve last week, it was long-term rates that spiked on Tuesday, which actually reversed the inversion. Higher long-term interest rates are a headwind to high-growth stocks, leading to the big moves we saw today.
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