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Company News for Aug 24, 2021

Companies In The News Are: GM, JD, PFE, TRIL, MSGE.

This story originally appeared on Zacks
  • General Motors Co.’s GM shares fell 1.3% after the company said that it will bear additional cost of $1 billion to expand the recall of its Chevrolet Bolt electric vehicles.
  • JD.com Inc.’s JD shares surged 3.3% after reporting second-quarter fiscal 2021 adjusted earnings per share of $0.45, surpassing the Zacks Consensus Estimate of $0.41.
  • Shares of Trillium Therapeutics Inc. TRIL soared 188.9% after the company entered into an agreement with Pfizer Inc. PFE to be acquired in a cash deal valued $2.26 billion.
  • Shares of Madison Square Garden Entertainment Corp. MSGE jumped 16.2% after posting fourth-quarter fiscal 2021 revenues of $99.8 million, beating the Zacks Consensus Estimate of $60.2 million.

Tech IPOs With Massive Profit Potential

- Zacks

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>

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Pfizer Inc. (PFE): Free Stock Analysis Report


General Motors Company (GM): Free Stock Analysis Report


JD.com, Inc. (JD): Free Stock Analysis Report


Trillium Therapeutics Inc. (TRIL): Free Stock Analysis Report


Madison Square Garden Entertainment Corp. (MSGE): Free Stock Analysis Report


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