Tag: Plunges

Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

What looked like prime time for crypto assets on softening inflation data has turned into an ugly week with bitcoin {{BTC}} tumbling to its weakest price in four weeks on Friday. BTC tumbled more than 2% in an hour to $65,100 during the U.S. trading session from around the $67,000 area. The leading crypto was […]

Celsius Stock Plunges 16.8% in Terrible Week

Shares of energy drink company Celsius (NASDAQ: CELH) fell as much as 16.8% this week, according to data provided by S&P Global Market Intelligence, as industry data pointed to slowed growth for energy drinks. Shares are down 16.7% for the week at 2:30 p.m. ET. The energy drink slowdown To be clear, there aren’t any […]

GSK Plunges as Drugmaker Must Face Zantac Cases in Delaware

(Bloomberg) — GSK Plc shares plunged in the wake of a court ruling that the UK drugmaker, alongside others including Sanofi, must face trials over whether the former heartburn treatment Zantac causes cancer. Most Read from Bloomberg The stock fell as much as 10% in London trading, wiping about £7 billion ($8.9 billion) from GSK’s […]

Kohl’s Plunges as Results Miss Estimates on Lingering Weakness

(Bloomberg) — Kohl’s Corp. reported first-quarter sales and earnings that fell short of estimates and lowered its guidance, as demand for apparel and home goods remained weak. Most Read from Bloomberg Comparable sales, which measure the performance of stores open at least one year, fell 4.4% in the quarter ended May 4, according to a […]