Stocks Making Big Moves: SWVL, BTU, IDAI
1:12 pm Thursday, April 28th, 2022
Swvl (NASDAQ:SWVL) stock is taking off on Thursday as investors react to the company acquiring Zeelo for an undisclosed amount. Zeelo is the largest smart bus platform in the United Kingdom, based on bookings. With this acquisition, Swvl plans to set itself up as a leading global mass transit tech platform. This newest purchase will have it serving 146 cities across 21 countries. News of the Zeelo acquisition complements a series of purchases that Swvl has been making. Among them are Viapool, Shotl, Volt Lines, and door2door. The current expectation is for Swvl to finish its acquisition of Zeelo in May 2022.
Peabody Energy (NYSE:BTU) stock is taking a beating on Thursday as investors react to the company’s first-quarter 2022 earnings report. The bad news for BTU stock starts with the company reporting diluted earnings per share of -88 cents. That’s a wider loss than the -81 cents reported during the same time last year. It’s also nowhere close to the $2.13 per share that Wall Street was expecting for the quarter. Further harming BTU stock is the coal company’s revenue of $691.4 million. While that’s up from the $651.3 million reported in Q1 2021, it’s a far cry from the $1.11 billion in revenue that analysts were looking for.
T Stamp (NASDAQ:IDAI) stock is skyrocketing on Thursday after the artificial intelligence (AI) security company revealed a new product today. This new product is its Biometric Multi-Factor Authentication (Biometric MFA) solution. The company promises that this option allows users to bypass one-time passcodes, authenticators and other security methods. Instead of relying on any of that to confirm a user’s identification, Biometric MFA makes use of a selfie. The company notes it doesn’t have to be a complex one, either. Its AI can determine liveness, which makes it spoof resistant.
