rose 0.2%. Shares of the electric-vehicle maker rose 6.5% on Wednesday (U.S. stock markets were closed Thursday for Independence Day) and 10% on Tuesday after second-quarter deliveries were better than expected. The stock has closed higher for seven-straight sessions.
cars on Thursday were included on a local government procurement list in China for the first time, meaning the company’s EVs can be used there as service cars by public organizations.
American depositary receipts of
XPeng
,
NIO
,
and
fell after the European Union confirmed that it would levy additional tariffs on electric cars made in China. The higher duties went into effect Friday.
was down 8.8%,
declined 7.5%, and
fell 2.6%.
declined 1.6%,
was down 1.7%, and
fell 0.9% after
tumbled to around $56,600. The crypto-related stocks fell as Bitcoin and other cryptocurrencies were dragged lower by the pending refund of assets from the collapsed Mt. Gox crypto exchange.
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was up 10% to $19.77 after The Wall Street Journal reported investment firms Arkhouse Management and Brigade Capital Management raised their bid for the retailer by about $300 million. The new proposal is to acquire the
stock the firms don’t already own for $24.80 a share, or roughly $6.9 billion, people familiar with the matter told the Journal.
U.S.-listed shares of
were up 7.4% after activist investor Cevian Capital disclosed a 5% stake in the British seller of medical equipment.
was rising 1.2% to $200.03. Jeff Bezos, the founder and executive chairman of the online retailing and technology giant, filed plans Tuesday of his intent to sell 25 million of his Amazon shares worth more than $4.9 billion at the time of the filing. The filing was made as shares of
hit a closing record high on Tuesday of $200. Meanwhile, Friday marks the three-year anniversary of Andy Jassy as CEO of Amazon, taking over from Bezos.
fell 5% and
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was down 6.9% after analysts at Raymond James downgraded shares of the airlines to Underperform from Market Perform.
Write to Joe Woelfel at joseph.woelfel@barrons.com
