Night trading anomaly | Forge Global rises over 53%, Charles Schwab will acquire the company
On November 6th (Thursday), during the after-hours trading session of U.S. stocks, Forge Global rose over 53%, and Charles Schwab plans to acquire the company for $600 million. Snap rose nearly 15%, with Q3 revenue growth of 10%, and announced a partnership with Perplexity AI. AppLovin rose over 6%, with Q3 revenue growth of 68% and a net profit surge of 92%, spending $3.2 billion on buybacks. Figma rose over 5%, with Q3 revenue of $274.2 million, a year-on-year increase of 38%. Arm rose over 3%, with Q2 revenue growth of 34% and an optimistic outlook for Q3. Duolingo plummeted 19%, with Q3 revenue exceeding expectations, but Q4 guidance fell short of expectations. Delivery platform DoorDash fell nearly 10%, with Q3 earnings missing analyst expectations and stating it will continue to increase spending in the future. Qualcomm fell over 2%, with Q4 revenue growing 10% year-on-year, but impairment provisions led to a loss of $3.1 billion. Robinhood fell over 2%, with profits exceeding expectations, but cryptocurrency revenue fell short, and the CFO resigned
On November 6th (Thursday), during the after-hours trading session of the US stock market, Forge Global surged over 53%, as Charles Schwab plans to acquire the company for $600 million.
Snap rose nearly 15%, with Q3 revenue increasing by 10%, and announced a partnership with Perplexity AI.
AppLovin increased by over 6%, with Q3 revenue growing by 68% and net profit soaring by 92%, spending $3.2 billion on buybacks.
Figma rose over 5%, with Q3 revenue of $274.2 million, a year-on-year increase of 38%.
Arm increased by over 3%, with Q2 revenue growing by 34% and an optimistic outlook for Q3.
Duolingo plummeted 19%, with Q3 revenue exceeding expectations, but Q4 guidance falling short of expectations.
Delivery platform DoorDash fell nearly 10%, with Q3 earnings missing analyst expectations and stating that it will continue to increase spending in the future.
Qualcomm dropped over 2%, with Q4 revenue increasing by 10% year-on-year, resulting in a $3.1 billion loss due to impairment charges.
Robinhood fell over 2%, with profits exceeding expectations, but cryptocurrency revenue falling short, and the CFO resigning
