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home / news releases / GREE - Hot Stocks: SBUX drops on China IRNT rises on earnings; TYRA jumps in debut; GREE plunges; SOFI gets Buy rating

GREE - Hot Stocks: SBUX drops on China IRNT rises on earnings; TYRA jumps in debut; GREE plunges; SOFI gets Buy rating

Greenidge Generation Holdings Inc.
Weakness in Starbucks (NASDAQ:SBUX) and a decline in renamed meme stock highlighted Wednesday's midday trading. For the iconic coffee shop chain, disappointing data out of China weighed on its shares. Meanwhile, Greenidge (NASDAQ:GREE), formerly known as Support.com, saw its value cut by more than half in its first trading session under a new name. There were some gainers in intraday action as well. IronNet Cybersecurity (NYSE:IRNT) advanced on earnings news, SoFi Technologies (NASDAQ:SOFI) rose on a positive analyst comment and new IPO Tyra Biosciences (NASDAQ:TYRA) skyrocketed more than 60% in its debut. Decliners Starbucks (SBUX) slipped in intraday trading following an update from Yum China (NYSE:YUMC). That company warned that its Q3 adjusted operating revenue could be 50%-60% below last year's levels, hurt by a new round of COVID restrictions. With China representing a major component in SBUX's growth plans, signs of consumer weakness in that country pulled the stock

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Hot Stocks: SBUX drops on China, IRNT rises on earnings; TYRA jumps in debut; GREE plunges; SOFI gets Buy rating
Stock Information
Company Name: Greenidge Generation Holdings Inc.
Stock Symbol: GREE
Market: NASDAQ
Website: greenidge.com/
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