Stocks In The News: ABIT, JZXN, ZS
1:27 pm Friday, September 09th, 2022
Athena Bitcoin (OTCMKTS:ABIT) stock is climbing higher on Friday as a rally of Bitcoin (BTC-USD) pushes shares up. Let’s start real quick with what’s happening with BTC. As of Friday afternoon, the crypto is up 11.5% over the prior 24-hour period. That comes alongside a 21% increase in trading volume for the token. That’s big news for fans of BTC as the crypto is now trading above $21,000 per token. It’s been a couple of weeks since Bitcoin last reached that price and traders are likely hoping the rally will continue over the weekend.
Shareholders of Jiuzi Holdings (NASDAQ:JZXN) stock just received two exciting news items today. First of all, Jiuzi is gearing up to introduce a customized micro-electric passenger vehicle, the company’s first custom electric vehicle (EV). Furthermore, Jiuzi’s subsidiary — Hangzhou Jiuyao New Energy Automobile Technology — has already ordered 5,000 of these vehicles from a Dongfeng Sokon Motor subsidiary. Now, JZXN stock is firmly 8% in the green in light of the news.
Zscaler (NASDAQ:ZS) stock is gaining on Friday following the release of the cloud security company’s fiscal fourth-quarter earnings report for 2022. The report starts off strong with adjusted earnings per share (EPS) of 25 cents. That’s a major beat compared to Wall Street’s estimate of 21 cents per share. It’s also a jump from the 14 cents per share reported in the same period last year. To go along with that, Zscaler reported revenue of $318.1 million. This figure also comes in above analyst estimates for revenue of $305.5 million. Additionally, it marks a 61% year-over-year (YOY) increase from $197.07 million last year.
