One day after it experienced a nice 3% bump in price, Salesforce (NYSE: CRM) stock traded slightly down on Friday and was eclipsed by the S&P 500 index's 0.4% gain. The person putting a damper on Salesforce stock was Atlantic Equities' Peter Sazel. Before market open, he took a machete to said price target. Read More...
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Why Lucid, ChargePoint, and QuantumScape Are All Jumping Over 20% This Week
Electric vehicle (EV) stocks are soaring this week. EV maker Lucid Group (NASDAQ: LCID) was up by 30%, charging network company ChargePoint Holdings (NYSE: CHPT) was 24.1% above last Friday’s closing price, and solid-state battery maker QuantumScape (NYSE: QS) was rising by 32.1% for the week, according to data provided by S&P Global Market Intelligence. Many growth stocks were rising this week as investors anticipated — and received — tamer inflation data that spurred hopes that the Federal Reserve would slow, or pause, interest rate hikes.
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