Company News for August 5, 2022

  • Shares of Coinbase Global, Inc. COIN jumped 10% after announcing a partnership with BlackRock, Inc. BLK to provide its institutional clients with access to crypto trading and custody services.
  • META shares of Meta Platforms, Inc. rose 1.1% after announcing that, as part of a fund share buyback offer and corporate overhaul, it would rise to 10 billion dollars in a very first bond issue.
  • Shares of Eli Lilly and Company LLY fell 2.6% after reporting earnings of $1.25 per share in the second quarter of 2022, missing Zacks’ consensus estimate of $1.80 per share.
  • CI shares of Cigna Corporation rose 3.1% after reporting earnings of $6.22 per share in the second quarter of 2022, beating Zacks’ consensus estimate of $5.44 per share.

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BlackRock, Inc. (BLK): Free Stock Analysis Report

Eli Lilly and Company (LLY): Free Stock Analysis Report

Cigna Corporation (CI): Free Stock Analysis Report

Coinbase Global, Inc. (COIN): Free Stock Analysis Report

Meta Platforms, Inc. (META): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson