Share
Tesla’s CEO Elon Musk is no stranger to controversies. After walking out of the deal to acquire Twitter at $54.20 per share, the world’s richest person has proposed buying the company at the original terms. Twitter sued Musk after he backtracked on the deal. The trials were set to begin in a few days and…
Share
Netflix (NYSE: NFLX) stock is trading sharply lower in early US price action today. While the broader market crash is weighing heavy on the stock, Piper Sandler’s bearish note on the streaming giant is also adding to the sell-off. NFLX has lost over two-thirds of its market cap this year. It is not only the…
Share
With DeFi Swap, crypto traders and investors can send and receive the exchange-owned DeFi Coin and other cryptocurrencies listed on the exchange with a massive array of benefits. Since the start of the crypto era in 2009 when Bitcoin launched, the world has witnessed the creation of thousands of tokens and crypto assets. Some have…
Share
GameStop is set to release its fiscal second-quarter 2021 earnings on Wednesday after the close of markets. What should investors expect from the gaming retailer’s earnings? GameStop stock has been very volatile in 2021. The stock trades at less than half of its peaks but is still up over 1,075% for the year. GameStop, along…
Share
Canoo stock rose over 20% yesterday and was sharply higher in US premarket trading today. The stock is among the top 10 popular names on Reddit group WallStreetBets. Canoo went public in 2020 in what was a red-hot year for green energy companies. All the green energy companies saw a rerating in 2020 as markets…
Share
US stock futures are slightly lower today in early futures trading action after world leaders reached a preliminary agreement on the implementation of a minimum global corporate tax rate while markets eye the release of May’s inflation numbers. On June 5, the United Kingdom’s Finance Minister Rishi Sunak and the US Treasury Secretary Janet Yellen…
Share
AMC Entertainment stock was trading sharply lower in early US price action today after the company announced a capital raise in an apparent bid to capitalize on the Reddit-driven rally. “In accordance with the terms of the Distribution Agreement, we may, through our sales agents, offer and sell from time to time up to an…
Share
NIO stock gained over 5% yesterday and was trading over 1% higher in US premarket trading today. The company has announced plans to double the production capacity for its electric vehicles. NIO does not produce its own cars but works with the state-owned Jianghuai Automobile Group popularly known as JAC. NIO has announced that “Pursuant…
Share
Fisker stock surged 4.5% yesterday and is up sharply in US premarket trading today after Bank of America issued a bullish note on the company forecasting massive upside for the electric vehicle startup company. Bank of America initiated coverage on Fisker stock yesterday with a buy rating and a $31 price target. The target price…
Share
Tesla stock 3.7% yesterday and was trading almost 1% higher in US premarket trading today. The surge in bitcoin prices, which have hit a new record high seems to be helping Tesla even as competition seems to be increasing in the EV industry. Earlier this year, Tesla invested $1.5 billion in bitcoins. Later it allowed…
