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Now time for some of today’s trending tickers. We are watching Open Door, Instacart, and Alphabet.
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First up, Open Door. The real estate company announcing the departure of its CFO. The move comes just days after the company appointed a new CEO and as its founders returned to the board. Open Door has appointed Christy Schwartz to fill the role as interim CFO. She previously served as the interim chief financial officer from December 2022 to November 2024.
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The C suite changes come amid renewed interest in the company following hedge fund manager Eric Jackson’s bull case. Uh retail investors have since also shown some interest.
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Next up, Instacart. Shares falling on reports that Amazon has partnered with Southeastern supermarket chain Win Dixie for grocery delivery in Florida. Wedbush analyst Scott Devid, who has an outperform rating on Amazon and an underperform on Instacart, writes that the Win Dixie tie up is a quote incremental step forward in Amazon’s broader strategy to capture share in the category.
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Instacart and traditional grocer shares took a hit last month after Amazon rolled out same day grocery delivery in 2300 US cities.
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And finally, Alphabet. The Google parent will meet the European Union’s deadline to propose changes to its advertising technology business. That’s according to Bloomberg. Google was fined $3.5 billion earlier this month by the EU over what it views as dominance in that ad tech business. Google had previously considered selling parts of the business to resolve anti-trust concerns, but those were at the time not deemed to have met the bar required by regulators.
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This month’s penalty pushed the US tech giant’s EU anti-trust bill close to 10 billion euros over the past decade. The company has vowed to appeal it.
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As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance’s trending tickers page.
