Tag: dropped

Why Cracker Barrel Stock Dropped Like a Rock Today

Shares of restaurant chain Cracker Barrel Old Country Store (NASDAQ: CBRL) dropped like a rock on Friday after the company provided a business update and slashed its dividend. As of noon ET today, Cracker Barrel stock was down a disheartening 13% and now trades at its lowest price in 12 years. Bad news for dividend […]

Why Rivian Automotive Stock Popped, Then Dropped

Rivian Automotive (NASDAQ: RIVN) stock soared more than 8% in early trading on the Nasdaq this morning. (Hurray!) Then its stock turned tail, gave back most of its gains, and as of 10:30 a.m. ET, it was up only 1.6%. (Boo!) Why did Rivian stock rise and then fall back again? The answer is just […]

Malawi vice-president corruption charges dropped

A Malawian court has dropped corruption charges against Vice-President Saulos Chilima after the state prosecutor filed a notice for the case to be discontinued. No reasons were given for the decision. Dr Chilima was arrested in November 2022 on allegations that he accepted money in exchange for awarding government contracts. He denied the charges. The […]

Charges dropped against five deputies in death of Irvo Otieno

The mother of a Virginia man who died after being pinned to the floor by sheriff’s deputies and medical staff members for more than 10 minutes as he was being admitted to a psychiatric hospital last year expressed outrage Monday over a prosecutor’s decision to withdraw murder charges against five sheriff’s deputies. A judge on Sunday […]

Super Micro Computer Stock Just Dropped. Is It a Buying Opportunity?

Super Micro Computer (NASDAQ: SMCI) just announced a blowout quarter. Sort of. Super Micro’s fast-growing sales increased 5% sequentially from the previous quarter but exploded by more than 200% compared to the prior-year period. That’s because Super Micro is in the business of providing server and storage system components to data centers building artificial intelligence […]

Why SoFi Technologies Stock Dropped 10% on Earnings Monday

Shares of SoFi Technologies (NASDAQ: SOFI) nose-dived 9.9% through 12:15 p.m. Monday even after the company reported an earnings beat this morning. Heading into the first quarter of 2024, analysts forecast SoFi would earn just $0.01 per share on $556 million in quarterly sales. In fact, profits were twice what were expected at $0.02 per […]