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Because stocks tend to trade as a multiple of a company's future profits, those upgrades last week sent Facebook's stock soaring.
The celebrity and businesswoman Oprah Winfrey has acquired a ten per cent stake in Weight Watchers International - sending the dieting company's stock soaring.
The company also said it would offer buyout packages to about 4,000 employees at its headquarters and slash spending in a move to cut costs, news that sent the retailer's stock soaring.
Forget the fact that those media companies had almost no experience in retailing: this was during the high-water mark for e-commerce, when the mere mention of the term was enough to send an Internet company's stock soaring.
The news quickly sent PayPal's stock soaring.
That, combined with better-than-expected profits, sent Netflix's stock soaring.
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The results, a mix of slack earnings and bad loans that would have shocked people a year ago, sent the bank's stock soaring6.7percentnt.
Though the company's primary business appears to be booming — it announced a 32percentt increase in revenue this week, which sent its stock soaring40percentnt in the last two days — revenues will inevitably flatten as the company matures.
The news sent its stock soaring 49% in one day, (see table).
The news sent PPL's stock soaring 46% on the London stock exchange.
Twilio today reported a positive quarter that brought it to profitability — on an adjusted basis — ahead of schedule for Wall Street, sending the stock soaring16percentnt in extended hours after the release came out.
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CEO of Professional Science Editing for Scientists @ prosciediting.com