Midday stock movements: Whirlpool, Topgolf Callaway, Nvidia, Stubhub and others
Market Movements Update Here’s a look at some companies making significant moves today: Scholar Rock — This Cambridge, Massachusetts-based biotech firm saw its stock jump by 23% following a positive meeting with the FDA regarding its spinal muscular atrophy treatment, apitegroumab. There were also representatives from Novo Nordisk’s Catalent Indiana during the discussion, who noted […]
StubHub struggles during its first day of trading on Wall Street
StubHub’s Wall Street Debut NEW YORK – StubHub’s entry into the stock market on Wednesday wasn’t exactly what investors had hoped for. Shares of the ticket marketplace dropped by 6.4% from their initial offering price of $23.50 on the very first day of trading. The company, which is now listed on the New York Stock […]
StubHub expands footprint at WTC, scoops up shrinking Spotify’s space
Spotify needed less space at the World Trade Center, but StubHub needed more: In a deal that satisfied everyone, including landlord Larry Silverstein, the online live-events marketplace subleased a whopping 103,000 square feet of space from the music streaming company. Savills represented StubHub, which is relocating from its 44,000 square feet at 3 World Trade […]
Washington, DC sues StubHub, accuses the resale platform of inflating ticket prices with deceptive fees
The Washington, D.C. attorney general filed a lawsuit against ticket resale platform StubHub on Wednesday, accusing the company of advertising deceptively low prices and then inflating prices with surcharges. Attorney General Brian Schwalb said the practice, known as “drip pricing,” violates the nation’s consumer protection laws. “StubHub purposely hides the true prices in order to […]