As buyers look forward to a busy buying and selling week with the first-quarter reporting season kickstarting, here is a recap of some main headlines that hit the wire over the weekend.
1. Cathie Wooden Has New Tesla Value Goal: Cathie Wooden’s Ark Make investments introduced late Thursday it expects Tesla inventory to hit $4,600 by 2026. This represents an upward adjustment from the agency’s earlier expectation of the inventory scaling $3,000 by 2025. The agency attributed the majority of the valuation upside to contribution from Robotaxis Tesla CEO Elon Musk sounded out on the Cyber Rodeo occasion held earlier this month.
3. Twitter Adopts Shareholder-Rights Plan, Musk Hints Tender Supply: Twitter, Inc.’s (NYSE: TWTR) board adopted a shareholder rights plan, aka poison tablet, in a defiant transfer towards Tesla CEO Elon Musk’s $54.20 per share hostile buyout supply for the social media platform. Individually, Elon Musk posted a cryptic tweet that steered he might make a young supply to Twitter shareholders.
3. Didi Seeks Shareholder Consent For Voluntary Delisting: Beleaguered Chinese language ride-hailing big DiDi World Inc. (NYSE: DIDI) mentioned over the weekend that its shareholders will vote on its deliberate delisting from the U.S. alternate at a unprecedented normal assembly scheduled for Could 23.
After a high-profile debut on the NYSE in mid-2021, the corporate got here below strain from Chinese language regulators over information integrity and antitrust considerations. The disaster precipitated the delisting transfer.
4. AMC Retains Up Promise: Doge (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) together with a number of different cryptocurrencies are actually out there as cost choices on the cellular app of movie show chain AMC Leisure Holdings, Inc. (NYSE: AMC), CEO Adam Aron confirmed in a tweet on Saturday.
5. China Posts Q1 Progress: China reported a 4.8% rise in gross home product year-over-year within the first quarter, beating the consensus estimate of 4.4%, information from China’s Nationwide Bureau of Statistics confirmed. On the flip aspect, retail gross sales fell 3.5% year-over-year in March, steeper than the 1.6% drop estimated by economists.
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