Stock Alert: C3.ai Shares Soar 10%
Shares of C3.ai Inc. (AI) are surging over 10% Wednesday morning, after the company announced that it has been recognized as part of The Financial Times list of The Americas’ Fastest Growing Companies 2021.
Following its Initial Public Offering in late 2020, C3 AI reported strong revenue and subscription growth year-over-year in its first quarterly earnings results.
The stock, which has been trading between $58.80 and $183.90 in the past one year, is currently trading at $69.32, up $6.31 or 10.01%, with trading volume of over 2.67 million versus an average volume of 3.91 million shares.
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The Cheesecake Factory tries to bounce back from Covid-19
Americans love The Cheesecake Factory.
The restaurant known for its massive 21-page menu and dozens of dessert options is ranked as one of the top casual dining restaurants in the U.S. by trade publication Nation's Restaurant News.
The company reported positive same-store sales growth in 21 of the 24 quarters before Covid-19 hit in March 2020. But the eatery popular with everyone from NBA stars to cheesecake aficionados has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry.
In February, Cheesecake Factory announced fourth-quarter sales of $554 million, a 20% drop from a year earlier. Same-stores sales fell 19.5% during the same period.
So after more than 40 years in business will Cheesecake Factory be able to regain its momentum and will the chain's takeout and delivery service be enough to offset the decline of the dine-in restaurant experience? Watch the above video to find out more.
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SpaceX adds to previous equity round, pushing Elon Musk's last raise total to nearly $1.2 billion
- Elon Musk's SpaceX added money to its most recent equity raise, according to a securities filing on Wednesday.
- SpaceX held a second close of about $314 million, adding to the $850 million that CNBC reported the company raised in February.
- The amendment brings the round's new total equity raised to $1.16 billion, which the company raised at a valuation of about $74 billion.
Elon Musk's SpaceX added more money to its most recent equity raise, according to a securities filing on Wednesday.
SpaceX held a second close of about $314 million, adding to the $850 million that CNBC reported the company raised in February. The amendment brings the round's new total equity raised to $1.16 billion, which the company raised at a valuation of about $74 billion.
Strong demand for the company's shares centers around its ambitious Starship and Starlink projects.
Starship is the next-generation rocket that Musk's company is developing, designed to be more powerful than even the Saturn V rockets that carried astronauts to the moon.
Starlink is a global satellite network, which SpaceX is beginning to use to bring high-speed internet to customers.
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Stock Alert: Fastly Shares Rise 5%
Shares of Fastly Inc. (FSLY) are rising over 5% Wednesday morning, despite no recent company-specific news that could be attributed to today’s stock movement.
The stock, which has been trading in the range of $20.57 – $136.50 for the past one year, is currently trading at $73.91, up $3.75 or 5.34%, with trading volume of over 2.34 million versus an average volume of 4.88 million shares.