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Shutterstock (SSTK) Shares Skyrocket, What You Need To Know
Shares of stock photography and footage provider Shutterstock (NYSE:SSTK) jumped 9.3% in the afternoon session after Bloomberg reported that the company (SSTK) is discussing a potential merger with Getty Images. The sources added that talks are ongoing, and it is still possible that a deal won't be finalized.
Carvana (CVNA) Stock Trades Down, Here Is Why
Shares of online used car dealer Carvana (NYSE: CVNA) fell 11% in the afternoon session after short seller Hindenburg Research published a report accusing the company of "accounting manipulation and lax underwriting." In response, Carvana called the report "intentionally misleading and inaccurate."
Plug Power (PLUG) Shares Skyrocket, What You Need To Know
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 8.4% in the afternoon session after the Biden administration announced new rules clarifying that some nuclear power plants can secure tax credits for producing clean hydrogen if the credits help keep reactors running. This announcement means more funding opportunities for hydrogen producers despite some opposition from environmental groups regarding the use of nuclear to produce hydrogen. The update also provides more certainty for investors and related companies within the clean energy space.