When I wrote about Support.com (NASDAQ:SPRT) and its reverse merger with a Bitcoin mining company, Greenidge, on April 8 I argued that it was worth 53% more, or $7.61 per share. Now, with the merger set for a vote on Sept. 10 and then closing shortly thereafter, SPRT stock closed Friday near $22 per share.
In this article SPOT 9618-HK MRNA BA Check out the companies making headlines before the bell. JD.com (JD) — Shares of JD.com gained 1.4% in early morning trading after the Chinese e-commerce giant appointed a new president. The company’s founder and CEO Richard Liu is stepping back from day-to-day operations, while Xu Lei, previously CEO
I don’t know why anyone would want to buy AT&T (NYSE:T) stock. Source: Roman Tiraspolsky / Shutterstock.com The moves into content by former CEO Randall Stephenson bombed spectacularly. Shareholders are left with $177 billion in debt and, starting next year, a skinnier dividend. The company’s wireless prospects are decent, but only because it can rip
When I wrote about DraftLings (NASDAQ:DKNG) on March 12, I focused on the many risks present in the business as described by them in their SEC filings. Since then, DKNG stock has lost about 15% of its value while the Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) is off 1.2%. Source: Lori Butcher/Shutterstock.com Those risks haven’t
In late June, online financial technology company SoFi Technologies (NASDAQ:SOFI) became the meme stock de jour. As the most discussed stock on Reddit, trading volume in SOFI stock spiked, but shares began to slide shortly thereafter. Source: rafapress / Shutterstock.com No doubt some investors view SOFI stock as just the latest in a string of
The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition. Some of the
Coinbase (NASDAQ:COIN) stock enjoys the first-mover advantage with cryptocurrency and has taken crypto mainstream with its user-friendly investment platform. Source: Primakov / Shutterstock.com Bitcoin (CCC:BTC-USD) has attracted massive interest and investment over the last few months. Investors have high hopes on Bitcoin’s price movement, which has driven BTC higher and it has worked in favor
It looks like the post merger bump enjoyed by Canadian cannabis producer Tilray (NASDAQ:TLRY) stock has come to an end. Source: Jarretera / Shutterstock.com TLRY stock had enjoyed a 62% run-up between mid-May and mid-June after it finalized its merger with former rival Aphria. The deal made Tilray the largest Canadian cannabis producer with annual
More than seven months after it made Wall Street history, GameStop (NYSE:GME) stock still manages to punch above its weight. That is, it’s still trading at a price leaps and bounds above the underlying value of its video game retailing business. Source: TY Lim / Shutterstock.com Sure, there’s the potential for its e-commerce transformation, spearheaded
With a bipartisan infrastructure bill and a $3.5 trillion budget resolution making their way through Congress and looking poised to pass, I believe investors are greatly underestimating the extent to which these pieces of legislation will help General Electric (NYSE:GE) and GE stock. Source: Sundry Photography / Shutterstock.com GE operates through four industrial segments — Power,
Workhorse Group (NASDAQ:WKHS) hoped to revolutionize the trucking industry. However, WKHS stock has turned into a total bust over the past year. Shares peaked at $42 in February, but have now fallen below $10 for a greater than 75% loss. Source: Shutterstock Workhorse is part of a broader exodus from the electric vehicle stocks. Investors
Happy Labor Day, everyone! Today is all about recognizing and celebrating the workers who help make America so great – it’s about celebrating their contributions, sacrifices, and efforts. So, please, do that today. Yes, enjoy the beach. Enjoy the pool. Enjoy the last big hooray on the summer. But in the middle of all of
Stock trading draws Type A personalities who are driven to win at all costs. Succeeding means logging long hours in front of a computer screen, researching, and trading stocks. But in stock trading, there’s a fine line between working hard and feeding an addiction. That line can mean the difference between making sound investment decisions
Gold mining ETFs are leveraged plays on the price of gold. Here is what investors need to know. VanEck Vectors Gold Miners ETF: https://www.zacks.com/funds/etf/GDX/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI Global Gold Miners ETF: https://www.zacks.com/funds/etf/RING/profile?cid=CS-YOUTUBE-FT-VID Sprott Gold Miners ETF: https://www.zacks.com/funds/etf/SGDM/profile?cid=CS-YOUTUBE-FT-VID Van Eck Funds International Investments Fund: https://www.zacks.com/funds/mutual-fund/quote/INIVX?cid=CS-YOUTUBE-FT-VID Newport Mining: https://www.zacks.com/stock/quote/NEM?cid=CS-YOUTUBE-FT-VID Barrick Gold: https://www.zacks.com/stock/quote/GOLD?cid=CS-YOUTUBE-FT-VID Agnico Eagle Mines: https://www.zacks.com/stock/quote/AEM?cid=CS-YOUTUBE-FT-VID Kirkland Lake:
Folks who know me will tell you that I’m not just an “innovation investor” – I’m an “innovation guy.” That is, I don’t just invest in innovative stocks to make a lot of money. I also use innovative new services and products every single day to make my life better. I, quite literally, live and
In this article RUN PHIA-NL CRWD AMBA CPB PVH Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer beat top and bottom-line estimates for its latest quarter, earning an adjusted 55 cents per share and beating consensus by 7 cents. It issued a fiscal 2022 adjusted earnings outlook
Cassava Sciences (NASDAQ:SAVA) stock is in a tailspin after a lab denied it had prepared recent results for the biotech’s experimental Alzheimer’s disease treatment. Source: pathdoc / Shutterstock.com Following the news, Cassava shares fell approximately 50%, eliminating roughly $2.4 billion of value over three trading days. The rejection contradicts a statement from Cassava that Quanterix
Although special purpose acquisition companies, or SPACs, gained notoriety over the trailing year-and-a-half period, they do offer a clear advantage to retail investors. Without these blank-check firms, regular folks may not have a chance to buy names like Skillz (NYSE:SKLZ) stock. Source: NYCStock / Shutterstock.com That’s because traditional market debuts are comparatively onerous, perhaps enough
Novavax (NASDAQ:NVAX) stock could trade in the $100 billion market capitalization range like BioNTech (NASDAQ:BNTX) or Moderna (NASDAQ:MRNA). Except, unlike those companies, Novavax has not yet delivered. Source: Ascannio/Shutterstock.com It might be among the most-watched firms that did not yet bring a Covid-19 vaccine to market. Chances are low that it will slump like Altimmune
Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading. Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on