Market Overview

Stocks On The Move Following JP Morgan Global Technology, Media And Telecom Conference

Share:
Related YHOO
A Deep Dive On The May IMX's Most Bought And Sold Stocks
IBM's Rethink On Remote Working — A Taste Of Things To Come?
Related BABA
Want Some Exposure To China's Growth? Stifel Says Buy JD Or Alibaba
Alibaba Ups The Ante In Connected Cars With Ford Partnership
Deep Dive: Ripple/XRP Edition Part I (Seeking Alpha)

The JP Morgan 43rd Annual Global Technology, Media and Telecom Conference is being held this week in Boston, and traders are watching the big tech names that are participating in this year’s conference.

This year’s event had some big names lined up, and traders have been listening for any market-moving news.

Mayer Headlines

The conference kicked off on Tuesday with a keynote speech by Yahoo! Inc. (NASDAQ: YHOO)'s Marissa Mayer. Yahoo shareholders have has a bumpy couple of days.

Related Link: Southwest CFO At Wolfe Conference: 'This Is A Peak Year' In Terms Of Growth

Mayer’s speech at the conference may not have moved the stock much, but fears related to the taxes involves with a potential spinoff of Yahoo’s position in Alibaba Group Holding Ltd (NYSE: BABA) tanked the stock in late trading on Tuesday. Yahoo’s stock has bounced back more than 3.6 percent on Wednesday.

Other Keynotes

Other keynote speakers at the JP Morgan conference included GoPro Inc (NASDAQ: GPRO)'s Nick Woodman, and FireEye Inc (NASDAQ: FEYE)'s David DeWalt. Both stocks are trading well on Wednesday, with FireEye up 1.5 percent and GoPro surging more than 3.0 percent in early trading.

Names On The Move

Several of the other companies presenting at the conference also have stocks that are on the move on Wednesday. Groupon Inc (NASDAQ: GRPN) shares are down 1.7 percent on the day. Pandora Media Inc (NYSE: P) and Twitter Inc (NYSE: TWTR) are also each down by more than 2.0 percent on Wednesday.

Shares of Micron Technology Inc (NASDAQ: MU) are higher by 2.4 percent. AMC Networks Inc (NASDAQ: AMCX) is also up by 1.2 percent.

Posted-In: ed calendar JPMorgan JPMorgan Conference Marissa MayerNews Events Movers Tech

 

Related Articles (AMCX + BABA)

View Comments and Join the Discussion!

Partner Center