Company News for Jun 17, 2021

·1 min read
  • Shares of General Motors Co. GM rose 1.6% after the company announced that it is going to increase spending to $35 billion through 2025, on electric and autonomous vehicles.

  • Citigroup Inc.’s C shares dipped 3.2% following news reports that the company warned of rising costs and fall in revenue in second-quarter 2021.

  • Roblox Corp.’s RBLX shares lost 8% after the company said that its daily active users in May were 43 million, down from 43.3 million reported in April.

  • Amazon.com, Inc. AMZN shares gained nearly 1% after the company said that it has committed $300 million for developing 3,000 new affordable homes near public transit in Puget Sound in Washington, Arlington in Virginia, and Nashville.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
Citigroup Inc. (C) : Free Stock Analysis Report
 
General Motors Company (GM) : Free Stock Analysis Report
 
Roblox Corporation (RBLX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting