Take a look at some of the biggest movers in the premarket: Citrix Systems (CTXS) – Citrix is near a deal to be taken private for roughly $13 billion, according to multiple media reports. The deal would see the cloud computing company acquired by Vista Equity Partners and an affiliate of Elliott Management for $104
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Let’s not mince words. There are a number of loose ends with California-based ContextLogic (NASDAQ:WISH) which ought to be tied up by now, but haven’t been. Without a doubt, it must be frustrating to own WISH stock in hopes of fresh, material updates, only to be disappointed day after day. Source: sdx15 / Shutterstock.com For example,
In recent days, volatility in electric vehicle (EV) stocks has ratcheted up once again. Established and early-stage names alike have sold off. Fisker (NYSE:FSR) is no exception. Already moving lower, this latest, much sharper drop has pushed FSR stock back to around $11 per share. Source: T. Schneider / Shutterstock.com Now, this isn’t the first time
Note FedLoan Servicing has announced that it will stop servicing student loans when its current contract ends. Loans are currently being transferred from FedLoan Servicing to other servicers. See this webpage for more information. FedLoan Servicing is a student loan servicer for federal and private student loans operated by the Pennsylvania Higher Education Assistance Agency
CNBC’s Jim Cramer said Monday that investors should not bet against Federal Reserve Chairman Jerome Powell and his approach to fighting inflation. “I just think that everyone has decided that inflation is going to last years and without multiple [interest rate] increases, Jay is going to be very wrong,” Cramer said on “Squawk Box.” “I
Amid signs that investors’ faith in Big Tech stocks has been renewed and after Microsoft (NASDAQ:MSFT) stock reported strong fourth-quarter results, MSFT stock is a buy. Source: Asif Islam / Shutterstock.com Additionally, the tech giant is likely to continue benefiting from the strong growth of its cloud unit and the work-from-home trend, while it should
In this article TSLA WBA K CTXS SPOT BYND The Spotify app on an iPhone. Fabian Sommer | picture alliance | Getty Images Check out the companies making headlines in midday trading. Tesla — Tesla shares surged more than 9% after Credit Suisse upgraded the stock to outperform from neutral. The firm said the pullback
Space-tourism play Virgin Galactic (NYSE:SPCE) stock have been butchered at the stock market in the past year. Over the last 12 months, its stock has shed more than 80% of its value. Source: rafapress / Shutterstock.com With such a massive pull back in price and the huge potential of the space tourism sector, you’d probably
Pinterest (NYSE:PINS) stock is badly in need of a reset. Like other social media companies, PINS is having a rough go these days. The stock is down by 26% since Jan. 1, and by 40% over the last three months. Source: Nopparat Khokthong / Shutterstock.com But unlike other social media stocks, Pinterest also got an
An artist’s rendition of an ION spacecraft deploying satellites in orbit. D-Orbit Italian space transportation and services company D-Orbit announced Thursday plans to go public via a SPAC, in a deal that values the venture at $1.4 billion. The merger with special purpose acquisition company Breeze Holdings is expected to close in the second or
After being in a consolidation phase for an extended period, Lucid (NASDAQ:LCID) stock saw a sharp rally in Q4 2021. LCID stock surged by 89% between Oct. 27 and the end of 2021. Source: T. Schneider / Shutterstock The catalyst for the rally was the company delivering its first electric vehicle (EV), Lucid Air. Investors
On Jan. 28, it will be exactly one year since GameStop (NYSE:GME) stock hit its all-time high of $483. Just days after the peak, I wrote a story in which I said meme stock traders and speculators should have fun trading the stock. But I also said there’s “absolutely no reason to be holding GME
As a media and telecom conglomerate, AT&T (NYSE:T) has many moving parts. But when it comes to T stock, there’s one thing that’s been top of mind among investors. That would be the future of its dividend. Source: Lester Balajadia / Shutterstock.com At today’s prices, it has a forward dividend yield of 8.58%. In today’s
If you are a stock investor who likes companies with good fundamentals, then a strong balance sheet is important to consider when seeking investment opportunities. By using three broad types of measurements—working capital, asset performance, and capital structure—you may evaluate the strength of a company’s balance sheet, and thus its investment quality. A firm’s judicious
In this article SHOP-CA FB UBER HUBS NOW People wear protective masks in front of Uber Technologies Inc. headquarters in San Francisco, California, U.S., on Wednesday, June 9, 2021. David Paul Morris | Bloomberg | Getty Images The latest bout of market volatility has been nothing short of stomach-churning for short-term investors. Indeed, a sell-off
Adobe (NASDAQ:ADBE) could do no wrong for a while. From May 2021 through early September, ADBE stock went on a 41% run. It took a bit of a siesta in early October, then proceeded to go on another tear. By the end of November, it was pushing $700, an all-time high. Source: r.classen / Shutterstock.com
AT&T’s (NYSE:T) latest quarterly results did not inspire confidence. Shares of the world’s biggest telecommunications company fell 10% following the latest financial results that showed a further decline in the company’s wireless business. T stock opened at $24.06 on Jan. 27. Source: Jonathan Weiss/Shutterstock That AT&T’s streaming platform, HBO Max, performed better than expected in
In late summer 2021, DraftKings (NASDAQ:DKNG) rebounded to more than $60 and looked ready to find a new high. At its bullish peak, speculators bet that the National Football League (NFL) season start would lift DKNG stock. Traders also thought sports betting gaming license wins would be positive catalysts. Source: Tada Images / Shutterstock.com However,
(Click here to subscribe to the new Delivering Alpha newsletter.) On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed amid a trading frenzy brought on by retail investors swapping stock tips — and related memes — on social media. Professional investors also got
SoFi Technologies (NASDAQ:SOFI), the financial technology company, is still falling. I wrote about this last month when it was at $14.85. But since then, SOFI stock has tumbled again, and by mid-day Jan. 27, 2022, it was down to $11.56 per share. Source: Tada Images / Shutterstock.com That represents another 22% drop, and in fact, since