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Reuters | Equities.com |

Shares of Pfizer Inc hit a record high on Tuesday for the first time in more than 20 years as shares of COVID-19 vaccine makers have surged amid rising coronavirus cases in the United States.

Pfizer shares were last up 4.9% at $48.25, climbing as high as $48.57 during the session. The stock's previous intraday high was $47.44, reached on April 12, 1999.


AP News | Equities.com |

Robinhood’s stock will begin trading Thursday on Wall Street, the very place the online brokerage has rattled with its stated goal of democratizing finance.

Through its app, Robinhood has introduced millions to investing and reshaped the brokerage industry, all while racking up a long list of controversies in less than eight years.


Reuters | Equities.com |

Investors are looking to a mounting pile of cash at U.S. companies to provide support for the stock market in coming months, as executives announce plans to increase share buybacks, boost dividends or pour money back into their businesses.

Cash on the balance sheets of S&P 500 companies has swelled to a record $1.9 trillion, compared to $1.5 trillion before the pandemic crisis in early 2020, according to Keith Lerner, chief market strategist at Truist Advisory Services.


Reuters | Equities.com |

Shares of cinema operator AMC Entertainment and video game retailer GameStop Corp fell sharply on Wednesday and were both trading below half their recent peak prices, testing the fortitude of the stocks' retail shareholders.

AMC, in its fourth straight day of losses, closed down 15% at $33.43, close to 54% below its all-time high of $72.62 reached in early June. The stock earlier fell as low as $33.25 to its lowest point since June 1.


Reuters | Equities.com |

Diverse reasons are driving the rotation in stocks and a slide in bond yields, but weakness in travel, leisure and other COVID-19-sensitive stocks suggest that fears of the Delta variant are doing their part.

Declines in the shares of companies tied to the reopening trade have broadly outpaced those of other so-called value stocks, which have been battered on worries that economic growth will be slower than expected in coming months.


Reuters | Equities.com |

Retail investors currently account for roughly 10% of daily trading volume on the Russell 3000, the broadest U.S. stocks index, after peaking at 15% in September as lockdown boredom and extra savings triggered interest in stock markets, Morgan Stanley said on Wednesday.

The retail frenzy from last summer carried over into 2021 with so-called "meme stocks" like GameStop and AMC Entertainment rapidly soaring more than 1,000 percent, leaving professional traders perplexed.


Reuters | Equities.com |

Shares of software firm Alfi Inc finished up 108.8% on Tuesday, one of the latest companies that has seen its stock surge in a broader rally that has refocused attention on so-called meme stocks in recent weeks.

Shares in Alfi closed at $16.29 after touching a high of $16.45, with 211 million shares changing hands, making it the third most actively traded stock on U.S. exchanges on the day. Its market cap has ballooned to $201 million, from a $15.5 million valuation for its early May stock market debut.


Reuters | Equities.com |

Shares of Clover Health Investments Corp jumped as much as 109% on Tuesday as it became a new focus for small individual traders on social media platforms who have prompted rallies in heavily shorted U.S. stocks this year.

Traders had exchanged more than $14 billion worth of Medicare-backed insurance seller Clover Health shares by the close, eclipsing the company's overall stock market value of about $9 billion.


Reuters | Equities.com |

Shares of Reddit trader favorite AMC Entertainment surged another 25% on Wednesday and were headed for a record high as the pack of individual investors behind recent gains were unfazed by a hedge fund flipping its stake in the cinema operator.

Mudrick Capital Management bought 8.5 million new AMC shares for $230 million on Tuesday before later selling them at a profit, according to a source, a bold move by the fund and the company to cash in on the retail-driven surge in its stock.


Reuters | Equities.com |

Shares of AMC Entertainment soared on Thursday, notching a 35% one-day gain in a rally that burned bearish investors and sparked jubilation among the stock's online supporters.

The movie theater chain’s market value ended the session at $11.9 billion as its shares closed at $26.52, with the highest trading volume of any stock on U.S. exchanges on the day. The shares are now up 1,150% year-to-date after hitting their highest level in four years.