Newegg stock soars nearly 70% as sold-out Nvidia GPUs appear in product lottery
Newegg shares are soaring today after the company's Shuffle popular product drawing event had four models of Nvidia'shard to get GeForce RTX GPUs available.The models available in the lottery included the RTX 3060, RTX 3070, RTX 3070 Ti, and RTX 3090.Lottery winners still have to pay for the product, but Newegg's prices were far closer to the manufacturer's suggested retail price than elsewhere on the internet, where demand has pushed the GPUs into price gouging territory. The downside is that s
Stocks making the biggest moves after hours: Beyond Meat, KB Home, Steelcase and more
Check out the companies making headlines after the bell:. DHI Group, Inc. 26.5% HIGHER; authorized a stock repurchase program that permits the additional purchase of up to $12 million of the Company's common stock, increasing the overall share buyback program to $20 million. In February 2021, the Board of Directors authorized the purchase of $8 million of its common stock and, under the plan, the Company has purchased approximately $1.3 million of its stock to date. With this additional authoriz
Microsoft Rises to Join Apple in Exclusive $2 Trillion Club
-- Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.Its shares rose as much as 1.1% to $265.64 on Tuesday in New York, enough for the software company to join Apple Inc. as $one$ of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but c
Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.I initiate Apple with a Neutral rating and a fair value of $111.42/share .In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger