Company news from May 16, 2022

  • Shares of Twitter, Inc. TWTR plunged 9.7% after Elon Musk said his $44 billion takeover deal with the company was “temporarily suspended”.
  • EQRX, Inc.’s EQRX shares soared 24.2% after the company reported a loss of $0.17 per share in the first quarter of 2022, narrower than the Zacks consensus estimate of a loss of $0.25 per share.
  • Shares of Affirm Holdings, Inc. AFRM jumped 31.4% after the company reported a loss of $0.19 per share in the third quarter of fiscal 2022, narrower than the consensus estimate of Zacks of a loss of $0.45 per share.
  • EDR shares of Endeavor Group Holdings, Inc. jumped 5.2% after reporting first-quarter 2022 earnings of $0.73, beating Zacks’ consensus estimate of $0.31 per share.

Investor Alert: Legal Marijuana Looking for Big Gains?

Now is the time to get started in a young industry poised to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states and DC federal legalization is expected soon and this could trigger an even bigger boon for investors. Zacks Investment Research recently closed pot stocks which climbed as high as +147.0%.

You are urged to consult Zacks’ immediately. Moneymakers Marijuana: An Investor’s Guide. It presents a timely watchlist of pot stocks and ETFs with exceptional growth potential.

Download Marijuana Moneymakers for FREE today >>

Click to get this free report

Endeavor Group Holdings, Inc. (EDR): Free Stock Analysis Report

Twitter, Inc. (TWTR): Free Stock Analysis Report

Affirm Holdings, Inc. (AFRM): Free Stock Analysis Report

EQRx, Inc. (EQRX): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research

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