Falling Interest Rates Sent These 3 Stocks Up Big This Week [Yahoo! Finance]
Nextdoor Holdings, Inc. (KIND)
Company Research
Source: Yahoo! Finance
According to the Bureau of Labor Statistics, consumer prices rose 3.3% from a year ago in May, but that was down from 3.4% in April and was below expectations. Speculation ran rampant the Federal Reserve would cut interest rates as a result of lower inflation to stimulate the economy and stave off what could become a deflationary environment in some parts of the economy. Rate cuts haven't happened yet, but these market indicators increased the odds they will happen this year. According to data provided by S&P Global Market Intelligence , shares of Zillow (NASDAQ: ZG) jumped as much as 14% on the inflation news, Nextdoor (NYSE: KIND) jumped 17.2%, and Sunnova Energy (NYSE: NOVA) rose 12.7% at its peak. The stocks closed the week up 12%, 14.5%, and 8.6% respectively. Will housing make a comeback? All three stocks are ultimately dependent on the housing market, which has been in a funk for most of the last year. Higher interest rates make it harder to afford homes and finance sol
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News
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- Twitch CEO Dan Clancy sees slow and steady growth beating the ‘rocket ship' approach despite parent Amazon slashing staff [Yahoo! Finance]Yahoo! Finance
- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II (KIND) InvestigationAccesswire
- Lifshitz Law PLLC Announces Investigations of Nextdoor Holdings, Inc. (NYSE: KIND), GoodRx Holdings, Inc. (NASDAQ: GDRX), Mercury Systems, Inc. (NASDAQ: MRCY), and Ventyx Biosciences, Inc. (NASDAQ: VTYX)Accesswire
- 6 Gen Z Hacks for Saving Money When the Rent Is Too High [CNET News]CNET News
KIND
Earnings
- 2/27/24 - Beat
KIND
Sec Filings
- 6/21/24 - Form 8-K
- 6/7/24 - Form SC
- 6/7/24 - Form 4
- KIND's page on the SEC website