Stock Movers

Closing Bell: eToro Surges, Super Micro Extends Gain, American Eagle Falls


Listen Later

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.

  • EToro (ETOR) shares rose 29% in its first session as a public company, after the trading and investment platform and some of its backers raised nearly $620 million in an upsized IPO.Shares of the Israel-based firm closed at $67 on Wednesday, above the initial public offering price of $52 apiece. The trading gives EToro a market value of more than $5.5 billion, based on the outstanding shares listed in an earlier filing. EToro’s listing cements a rebound in US IPOs, as companies that put first-time share sale plans on hold amid tariff-related stock volatility resume their preparations. The company was among those delaying IPO plans after President Donald Trump’s April 2 tariff announcements. 
  •  Super Micro (SMCI) shares rose as much as 20% in Wednesday's trade, extending Tuesday’s 16% rally, after Saudi Arabia-based data center company DataVolt signed a multi-year partnership agreement with the beleaguered US server company. The stock has rallied about 43% this week, on track for the best week since November.
  • American Eagle Outfitters (AEO) pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. In a preliminary earnings release, the apparel chain said comparable sales are expected to be down about 3% in the three-month period ended May 3. Revenue is projected to be about $1.1 billion, a decline of roughly 5% from a year earlier. The stock has declined 24% this year through Tuesday’s close and closed lower in Wednesday trading.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Stock MoversBy iHeartPodcasts

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

19 ratings


More shows like Stock Movers

View all
Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

404 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,170 Listeners

Masters in Business by Bloomberg

Masters in Business

2,201 Listeners

Odd Lots by Bloomberg

Odd Lots

1,967 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

420 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,038 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,302 Listeners

Here's Why by Bloomberg

Here's Why

62 Listeners

Wall Street Week by Bloomberg

Wall Street Week

59 Listeners

The Big Take by Bloomberg

The Big Take

154 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

85 Listeners

The Markets by Goldman Sachs

The Markets

80 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

76 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

8 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

11 Listeners