Momentum Stocks: Facebook Inc (NASDAQ:FB), Eli Lilly and Company (NYSE:LLY), JD.com, Inc. (NASDAQ:JD)

April 25, 2023 12:00 pm4 commentsViews: 98

Facebook Inc (NASDAQ:FB) has hired Yahoo! Inc.’s (NASDAQ:YHOO) Alex Stamos as chief security officer. Stamos, at age of 36, who was at Yahoo for over a year, according in a Facebook post that he will be joining Facebook as their Chief Security Officer on June 29. Stamos is filling a position vacated by Joe Sullivan, who left Facebook for Uber Technologies Inc. at the end of April. “There is no company in the world that is better positioned to tackle the challenges faced not only by today’s Internet users but for the remaining 2/3rds of humanity we have yet to connect. The Facebook security team has demonstrated a history of innovation as well as a unique willingness to share those innovations with the world, and we will build upon that history in the years to come,” Stamos said in the post. Shares of Facebook Inc (NASDAQ:FB) traded at $87.98 by moving down -0.99% with price volatility of 2.13% for a week and 1.80% for a month.

French clinical-stage biotechnology company, Adocia and drug giant Eli Lilly and Company (NYSE:LLY) released that completion of a Phase 1b clinical trial evaluating BioChaperone Lispro, an ultra-rapid formulation of insulin lispro licensed to Lilly. The companies reported positive Phase 1b topline results on the post-meal effect of ultra-rapid BioChaperone Lispro in patients with type 1 diabetes. Eli Lilly and Company (NYSE:LLY) stock hit highest price at $85.70, beginning with a price of $85.19 and reported an advance of 3.09% to the closed at $84.80 with a day range of $84.58-$85.70. The total market capitalization remained 90.88 Billion, total volume of 9.62 Million shares held in the session was surprisingly higher than its average volume of 4812.93 shares.

Chinese online direct sales company, JD.com, Inc. (NASDAQ:JD) and financial services technology company ZestFinance, Inc. released that they have formed a joint venture called JD-ZestFinance Gaia, to support the development of consumer credit in China. Lenders in China lack the data classically used in established markets to determine creditworthiness, as Chinese consumers often have little-to-no credit history, leaving a huge gap. As part of the deal, JD.com is also making an investment in ZestFinance to help fund further development of credit risk evaluation services for China and extend consumer access to credit. JD.com, Inc. (NASDAQ:JD) stock has highest price of $33.33 in last session, beginning with a price of $33.10 and reported a decrease of -2.19% to the closed at $34.02 with a day range of $32.08-$33.33.

Tags:
Loading...

Leave a Reply


Show Buttons
Hide Buttons