As of November 28, Lowe’s (LOW) was trading at $93.69, which represents a rise of 2.6% since the announcement of its third-quarter earnings on November 20. Currently, the company is trading 15.4% higher than its 52-week low of $81.16 and 20.4% lower than its 52-week high of $117.70.
After being struck down by a Delaware judge in January, Tesla (TSLA) shareholders are being asked again to vote on CEO Elon Musk’s pay package, which could be worth up to nearly $56 billion. Bank of America (BAC) posted better-than-expected first-quarter earnings on Tuesday. CEO Brian Moynihan joins Market Domination at 3:40 p.m. ET to discuss the results and lies ahead for the bank. Trending tickers on Yahoo Finance include ASML Holding (ASML), Arm Holdings (ARM), and bitcoin (BTC-USD). Top guests today include: 3:10 p.m. ET - Charles Elson, Weinberg Center for Corporate Governance, University of Delaware Founding Director 3:25 p.m. ET - Yuri Khodjamirian, Tema ETFs Chief Investment Officer 4:20 p.m. ET - Patrick De Haan, GasBuddy Head of Petroleum Analysis
Shares of Tesla (TSLA) are under pressure ahead of the company's first-quarter earnings results expected out next week, as it contends with a slew of mounting challenges. Tesla is seeking shareholder approval for a $56 billion pay package for CEO Elon Musk, which was initially struck down by a Delaware Chancery Court judge in January. The EV company is now looking to move its incorporation from Delaware to Texas for this controversial compensation plan. Compounding these issues, analysts at Barclays have taken a bearish stance on Tesla's stock, warning that the company's upcoming earnings results could drive the share price even lower. The investment bank has dropped its price target on Tesla shares to $180, down from the previous $225. Additionally, Tesla is reportedly planning to lay off around 10% of its global workforce. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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