E-COMMERCE STOCKS RIP AS TECH SLIDES ON DOWN DAY
- 3 years ago
Online lender Upstart Holdings, which uses education and employment instead of credit score for loans, nearly doubled today after announcing its acquisition of a leading automotive retail software player Prodigy Software. This acquisition will allow them to expand into automobile loans. $UPST rose 89.3% today.
William-Sonoma has become the latest retailer to get a boost from e-commerce and online shopping. In the company’s Q4 earnings report, comparable brand revenue growth jumped 26%. Online shopping growth rose over 50%, helping the company beat Wall Street estimates. $WSM rose nearly 19%.
Remember Google Glass? A quaint tech company called Vuzix is making them, but better -- and they popped 8.5% today thanks to recent earnings. $VUZI creates smart glasses for enterprise use in insurance, manufacturing, healthcare and security-facing companies. The company has run up over 181% since the start of 2021, bucking the broader trend with tech.
William-Sonoma has become the latest retailer to get a boost from e-commerce and online shopping. In the company’s Q4 earnings report, comparable brand revenue growth jumped 26%. Online shopping growth rose over 50%, helping the company beat Wall Street estimates. $WSM rose nearly 19%.
Remember Google Glass? A quaint tech company called Vuzix is making them, but better -- and they popped 8.5% today thanks to recent earnings. $VUZI creates smart glasses for enterprise use in insurance, manufacturing, healthcare and security-facing companies. The company has run up over 181% since the start of 2021, bucking the broader trend with tech.