Shares of data search software firm Elastic (NYSE: ESTC) were up 10.7% this week, according to data provided by S&P Global Market Intelligence. No new financial figures were provided, but this most recent jump is likely in response to some new product integrations as well as an acquisition. The stock is up 18% so far in 2021, but has rallied nearly 70% from lows back in May after a widespread sell-off in growth stocks. Read More...
Benzinga
Why NIO Shares Are Rising
NIO Inc. (NYSE: NIO) shares are trading higher following reports suggesting the company said it would be able to double annual production capacity at its Hefei facility in 2022. According to a CnEVPost report, NIO said the upgrade is for the start of production of new models, including the ET7. The current annual production capacity is 120,000 units per year, and will reach 240,000 units per year after the overall upgrade is completed. Following all the expansion work and with extra operating sh
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