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Stock Market 12 May 2026

BuzzFeed Stock Nearly Doubles as Byron Allen Deal Buys Time, Not a Clean Turnaround

BuzzFeed Stock Nearly Doubles as Byron Allen Deal Buys Time, Not a Clean Turnaround

BuzzFeed shares surged Tuesday after Byron Allen’s family office struck a deal to buy 40 million Class A shares at $3 apiece, putting Allen Family Digital on track for roughly 52% control—and setting up Allen to take over as chairman and CEO. The jump was dramatic: Reuters reported the stock soared around 156% in after-hours trade on the news, then cooled off but held onto massive gains as Tuesday’s session unfolded.
12 May 2026
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Terns Pharmaceuticals stock stops trading as Merck’s $53 cash deal takes over the chart

Terns Pharmaceuticals stock stops trading as Merck’s $53 cash deal takes over the chart

Terns Pharmaceuticals shares aren’t budging—not surprising, since the merger is done and Nasdaq trading is finished. The last quote for the stock came in at $52.95, just shy of Merck’s $53-per-share cash deal. With Terns now fully absorbed into Merck, its common stock has dropped off the Nasdaq Global Select Market and won’t trade again.
12 May 2026
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Archer Aviation Stock Drops as FAA Progress Runs Into Cash-Burn Math

Archer Aviation Stock Drops as FAA Progress Runs Into Cash-Burn Math

Shares of Archer Aviation dropped hard Tuesday, now changing hands at $6.11, down roughly 6.6%. Even with a positive regulatory update, investors zeroed in on the company’s still-sizeable capital requirements before it can convert flight trials into commercial operations. The price swung throughout the session—opening at $6.34, touching $6.66, and sliding toward $6.06.
12 May 2026
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RKLB Stock Pulls Back After Breakout as Neutron Demand Starts to Set the Price

RKLB Stock Pulls Back After Breakout as Neutron Demand Starts to Set the Price

Rocket Lab shares pulled back on Tuesday, giving back some ground after their sharp climb to new highs. The action didn’t point to a big shift in sentiment—buyers continued snapping up shares on weakness, even as some holders locked in gains after the post-earnings surge. Both sides stayed active, but the day’s drop looked more like a pause than a reversal in RKLB’s trajectory.
12 May 2026
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Tesla’s AI premium hits a real-world check as shares reverse from China-FSD rally

Tesla’s AI premium hits a real-world check as shares reverse from China-FSD rally

Tesla shares slipped on Tuesday, with the AI narrative still in play. The rally had been fueled by optimism for Full Self-Driving—Tesla’s for-pay driver-assist system, which continues to need a human at the wheel—potentially catching on in China. But Tuesday’s action felt like a reality check, as the market weighed just how much of that promise it’s willing to price in without seeing tangible results.
12 May 2026
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Stock Market Today

  • Kraken rolls out AI trading system to automate crypto trades
    July 10, 2026, 12:05 PM EDT. Kraken is rolling out a new AI-driven trading feature that automatically handles crypto trades based on user input. The exchange says the agentic trading tech will let more regular traders use high-frequency strategies, using AI that learns from and adapts to the markets. The system sets picks and manages portfolios around user goals and risk-levels, then suggests trades. Kraken says the update fits with a wider push in crypto to use advanced AI tools, with the industry still in a lengthy bear market.
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