Shares of Spotify dropped by a staggering 10.21% to $263.01 at 09:41 EST on Wednesday, after three consecutive sessions in a row of gains. NYSE Composite is jumping 0.2% to $16,273.31, after three consecutive sessions in a row of gains. This seems, as yet, a somewhat positive trend trading session today.
Spotify’s last close was $298.02, 47.31% below its 52-week high of $387.44.
News about Spotify today
Joe rogan said on his podcast that healthy young people should avoid Covid-19 vaccines. spotify reportedly has no plans to remove the episode.. According to today’s article on Business Insider, "The next month, Rogan invited far-right conspiracy theorist Alex Jones on his podcast, two years after Jones was kicked off the Spotify for "repeated violations" of its "prohibited content policies." Spotify has since removed the episode, alongside 41 others by Rogan.", "The Verge’s source said that Spotify has pulled a different show that said vaccines kill and another that claimed vaccines cause skin conditions."
Spotify adds subscribers as Covid-19 boosts at-home streaming. According to today’s article on The Wall Street Journal, "For the quarter ended March 31, Spotify reported 356 million monthly active users, up 24% from a year earlier and at the low end of the company’s guidance. ", "Last fall, Spotify began raising the price of its family plan in several markets. "
Spotify’s sales growth is 40.4% for the ongoing quarter and 24.2% for the next. The company’s growth estimates for the ongoing quarter is a negative 145% and positive 71.3% for the next.
Year-on-year quarterly revenue growth grew by 16.9%, now sitting on 7.88B for the twelve trailing months.
Spotify’s Stock Yearly Top and Bottom Value
Spotify’s stock is valued at $263.01 at 09:41 EST, way under its 52-week high of $387.44 and way higher than its 52-week low of $123.55.
Spotify’s Moving Average
Spotify’s worth is way under its 50-day moving average of $293.91 and way below its 200-day moving average of $292.49.
Previous days news about Spotify
Spotify plans hiring spree in bid to challenge clubhouse. According to Bloomberg Quint on Monday, 26 April, "Unlike Facebookor Twitter, which don’t have much of an audio business at the moment, Spotify is already the top audio service.", "Interactivity and live is something our creators have been asking us for for a long time," he said in an interview when Spotify announced the Locker Roomacquisition. "
Spotify shares gain on plan to increase some of its prices. According to Bloomberg Quint on Monday, 26 April, "Investors are betting the price increases can give Spotify more of a cushion as it pursues dominance in the podcasting market. "
Spotify undercuts Apple with new ways for podcasts to make money. According to Bloomberg Quint on Tuesday, 27 April, "And it looks to make it easier for customers to find advertisers for their shows with a new ad marketplace called the Spotify Audience Network."
More news about Spotify.