INTC - Hot Stocks: STT moving from Manhattan; INTC looking to fix chip shortage; ZH rises on earnings
The work-at-home trend may be starting to influence corporate geography. State Street (NYSE:STT) stirred conversation during Monday's midday trading following a report that the company is planning to move out of its Manhattan offices. Intel (NASDAQ:INTC) was another big name in the news. The company is reportedly talking to Biden administration officials about a way out of the global chip shortage. Earnings season has dwindled to a few late-reporting stragglers. But still, some stocks saw notable moves on financial releases. Zhihu (NYSE:ZH) was one of these, gaining ground after its revenue topped expectations. Elsewhere, Alteryx (NYSE:AYX) ticked up amid takeover speculation and ADMA Biologics (NASDAQ:ADMA) advanced thanks to a positive regulatory decision. State Street (STT) is planning to leave its Manhattan offices, giving employees a choice to relocate to other workspaces in New Jersey and Connecticut, as first reported by the Wall Street Journal. However, the company will maintain some
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Hot Stocks: STT moving from Manhattan; INTC looking to fix chip shortage; ZH rises on earnings