One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Here’s the latest news and updates for Wells Fargo, Netflix, Microsoft and Apple.
Wells Fargo & Co (NYSE: WFC) announced Tuesday afternoon it has entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare.
The announcement states the transaction is expected to close in the second half of 2021, subject to customary closing conditions. Wells Fargo says the purchase price is $750 million.
Wells Fargo’s CTS business provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries.
See also: How to Buy Wells Fargo Stock
Netflix Inc (NASDAQ: NFLX) is experimenting by moving away from its popular binge-watching model and adopting a weekly release schedule for two reality TV shows.
The streaming service said Tuesday two of its biggest unscripted competition series, “The Circle” and “Too Hot to Handle” will premiere new seasons on Wednesdays, starting in… Read More
Microsoft Corporation (NASDAQ: MSFT) announced the creation of a new Canadian Data Innovation Centre of Excellence, increased local technical talent and the addition of a new Azure Edge Zone.
The newly created Data Innovation Centre of Excellence will provide deep technical resources to help Canadian organizations harness the power of data and cloud technology to accelerate their digital transformation.
Microsoft also announced the addition of a new Azure Edge Zone in Western Canada, further increasing their significant cloud footprint in Canada, and the addition of 500 local technical jobs.
See also: Best Online Stock Brokers
An inquiry has found that the Apple Inc (NASDAQ: AAPL) branded credit card does not discriminate against women when it comes to the credit limit, Bloomberg reported. The Apple Card, which is underpinned by… Read More
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