Latest news with #DailyChhattisgarh
Time of India
2 days ago
- Business
- Time of India
Rocket Lab stock skyrockets past 52-week high with 13% surge - what's fueling the rise?
Rocket Lab USA Inc . stock surged on Thursday to reach a new record high, climbing more than 13% and breaking its previous 52-week high , which was driven by rapid launch pace and significant contract wins, as per a Benzinga report. Rocket Lab Soars to New Record High According to the Daily Chhattisgarh report, Rocket Lab's shares rose during early trading, and as of 10:02 am GMT on June 26, the stock was trading at $36.69, which is a significant rise of $4.34, this translates to a 13.42% gain for the day. Rocket Lab's stock began the day at $32.41, a little above the previous close of $32.35, and then rose sharply, hitting an intraday high of $37.27, as reported by Daily Chhattisgarh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cara Membantu Orang Terkasih Menghadapi Limfoma Limfoma Pelajari Undo ALSO READ: Worry for Jensen Huang's Nvidia? AMD stock skyrockets - what did CEO Lisa Su say that has investors cheering Analysts Turn Bullish As per Benzinga's report, the firm's stock increase was further supported by bullish analyst sentiment, with Cantor Fitzgerald recently upgrading its price target to $35 and Stifel reaffirming a $34 target. Live Events Catalysts Behind the Rally The company's stock rose after Rocket Lab revealed on Wednesday that the firm was selected by the European Space Agency for a dedicated mission to deploy two pathfinder satellites for a future navigation constellation, scheduled for late 2025, as reported by Benzinga. ALSO READ: Top economist warns: US faces a crisis worse than recession — here's what could be coming This announcement came at a time when the firm was preparing for its 'Get The Hawk Outta Here' mission for HawkEye 360, its third of four launches planned for June alone, as reported by Benzinga. Rocket Lab is also aiming to cement its position as an end-to-end national security space provider, according to the report. Benzinga wrote that, "Its recent acquisition of optical systems producer Geost enhances its capabilities, potentially positioning the company as a contender for the 'Golden Dome' missile defense system, which requires space-based sensors and interceptors." ALSO READ: US unleashes 30,000-pound bunker-busters on Iran — but scientists say Tehran's concrete may have won the day FAQs Why did Rocket Lab's stock surge today? The surge was driven by the announcement of a new ESA mission, strong launch momentum, and positive analyst ratings. Is this Rocket Lab's highest stock price ever? Yes. The stock hit a new 52-week—and all-time—high of $37.27 during trading on June 26.
Time of India
13-06-2025
- Business
- Time of India
Visa stock stumbles 5% in sudden dip, putting the brakes on its strong streak of annual gains
Visa Inc. shares took an unexpected hit today, dropping sharply by 5.23% to close at $351.98 on the New York Stock Exchange, as per a report. That's a fall of $19.42 in a single trading session, a rare stumble for one of the most consistent performers in the global payments space, according to a Daily Chhattisgarh report. Why did Visa stock drop? The global payments giant's shares dropped after the Wall Street Journal reported that retail giants Walmart and Amazon revealed that they are planning to issue their own stablecoins, a move that could bypass traditional payment networks, reported Investopedia. What does this mean for the payment industry? The Wall Street Journal, in its report, pointed out that this move could shift billions of dollars in payment volume away from banks and card networks and would lead large merchants to limit transaction fees and tighten control over payment infrastructure. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 5 Dividend Stocks for May 2025 Seeking Alpha Read Now Undo How much did Visa lose? The stock's sudden dip erased recent gains and left the stock down 5.05% over the past five days and 1.55% over the last month, as per Daily Chhattisgarh report. It's a significant pullback, especially after a long stretch of growth that had given investors plenty of reason to be optimistic, according to the Daily Chhattisgarh report. But is Visa still a strong long-term investment? But for many long-term investors, today's red numbers aren't likely to spark panic, as Visa has climbed 11.18% over the past six months and 29.89% over the last year and remains up 10.49% in 2025 so far, as per the Daily Chhattisgarh report. Even with this drop, the broader trajectory of the stock is still up. According to the report, Visa's stock has given an 80.80% return over the past five years and a phenomenal all-time return of over 2,260%. FAQs What is a stablecoin and why does it matter? Live Events It's a digital currency and if major retailers use them, they might reduce using Visa or Mastercard. Is Visa still profitable overall this year? Yes. Even after this dip, it's up 10.49% in 2025 so far.
