Ocugen Inc (NASDAQ:OCGN) is a clinical-stage biopharmaceutical company. A penny stock in 2020, shares neared the $16 level in early February. At that point, OCGN stock had posted an eye-popping gain of 5,352% between then and mid-December 2020. Source: shutterstock.com/PhotobyTawat As you’ve no doubt guessed, that massive stock growth is all about a Covid-19 vaccine
Stock Market
In the last year, we’ve seen an explosion in mega-cap tech stocks. Not that long ago, the U.S. didn’t have any companies in the trillion-dollar club. Now, that’s changed drastically thanks to FAANG. Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) went even further, now commanding market capitalizations north of $2 trillion. Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG)
Cold warriors seem to want Alibaba (NYSE:BABA) to fail. They’re spinning the company’s problems and the nearly 50% drop in BABA stock as a personal story, as the fall of founder Jack Ma. He defied the political leadership and paid the price. To hear them tell it, President Xi Jinping is just Mao Zedong in
Tesla (NASDAQ:TSLA) is reportedly expanding access to its Full Self-Driving Beta 10.2 software. Many TSLA stock investors are hoping autonomy will eventually be a big business for Tesla. Source: Grisha Bruev / Shutterstock.com The controversial FSD software has generated plenty of criticism on social media. After reading some of the comments and watching some videos,
After taking investors on a miserable ride for several years, General Electric (NYSE:GE) shares are showing promise. Over the course of just three and a half years, the struggling multinational saw its stock lose over 80% of its value. Once the world’s most valuable company, GE stock collapsed in an epic fashion. However, the turnaround
Interestingly enough, most U.S. stock traders probably didn’t think much about Chinese ride-hailing giant Didi Global (NYSE:DIDI) until DIDI stock tanked recently. Both the company and the stock have been in the headlines lately, but not with positive news. Source: Piotr Swat / Shutterstock.com Some dabblers in Chinese stocks have learned the hard way that China’s
The market is hot right now for meme stocks. Over the last 12 months, we have seen the rise of innumerable novel investment strategies. Whether it is the rise of SPACs, special-purpose acquisition companies, or electric vehicle stocks, it has been unprecedented for the markets. But none of the new investment themes is as astounding
QuantumScape (NASDAQ:QS) has had a difficult 2021. After topping out just below $133 per share in December, QS stock has lost more than 80% of its value. It’s been tripped up by a number of things recently, including insider stock sales, a devastating short-seller report and a washout within the special purpose acquisition company (SPAC)
North America’s largest supplier of flat rolled steel, Cleveland-Cliffs (NYSE:CLF), saw its shares pop on Monday. CLF stock closed on Oct. 8 at $20.63, but ended Monday’s session at $21.46 for a 4% pop. Source: Pavel Kapysh / Shutterstock.com The catalyst? On Monday, the company announced it is acquiring Detroit-based Ferrous Processing and Trading Company
When Skillz (NASDAQ:SKLZ) closed at a 52-week low last week, it discouraged investors from seeking exposure to the sports betting and iGaming market. SKLZ stock is faring worse than fuboTV (NYSE:FUBO), which is also entering the sports betting market. Source: NYCStock / Shutterstock.com Still, Skillz is not the only company facing selling pressure. DraftKings (NASDAQ:DKNG)
Stocks can be many things, but they surely include elements of risk as investors’ seek to build wealth. Camber Energy (NYSE:CEI) stock has been making headlines for its very volatile price action – and it appears to have room for further volatility. Source: Shutterstock The real questions related to the volatility of CEI stock are whether
Lucid Group (NASDAQ:LCID) combined two of 2021’s hottest trends — electric vehicle startups and special-purpose acquisition companies. The problem was that by the time the company completed its reverse merger with Churchill Capital Corp. IV in late July, investor interest in both trends was significantly diminished. Still, LCID stock shot up as much as 20%
On the surface, Detroit-based Rocket Companies (NYSE:RKT) is what contrarian investors would consider an ideal company. Formerly known as Quicken Loans, it is one of the largest mortgage lenders in the U.S. Its business consists of personal finance and consumer service brands. RKT stock is down nearly 22% year-to-date. Source: Shutterstock Contrarian investing is about buying
DatChat (NASDAQ:DATS) is a private messaging application company with little going for it — aside from the cash it raised at its Aug. 13 initial public offering (IPO). DatChat raised $11.04 million according to its most recent prospectus. Somehow, DATS stock now has a market value of about $220 million, according to Yahoo! Finance. Source:
Walt Disney (NYSE:DIS) stock looks like a long-term defensive play to a lot of smart people. Source: spiderman777 / Shutterstock.com Tech whisperer Cathie Wood loaded up on the shares in September. Of 20 analysts following the stock at Tipranks, 17 are telling investors to buy it. This has not helped the shares. Since the start of
FuelCell Energy (NASDAQ:FCEL) saw its shares close at a high of $27.96 in early February. Since then, the story has been much less impressive, with the stock in a long slide. At this point, FCEL stock is trading for $6.71, down 76% from its February high. Shares are also down 40% for the year. So,
In a year where many retail investors turned to meme stocks and SPACs, specialty home goods retailer Williams-Sonoma (NYSE:WSM) has avoided the risk and irrational valuations seen elsewhere in the market. And WSM stock has performed extremely well in 2021. Source: designs by Jack / Shutterstock.com Shares are up 74.13% in 2021 as of the close
The Walt Disney Company (NYSE:DIS) used to pay a consistent dividend and also buy back its own shares. However, for the past year and a half, since the end of 2019, it stopped returning capital to its shareholders. It’s now clear that DIS stock has not done very well as a result of this decision.
Globalstar (NYSEAMERICAN:GSAT) has been on a roller coaster ride so far in 2021. GSAT stock, a satellite communications and internet-of-things (IoT) play, zoomed from 34 cents to just over $2.50 per share during February’s “meme stock” mania. Source: NicoElNino / Shutterstock.com Then, in the spring — as this trend cooled — shares dipped back to around
Joby Aviation (NASDAQ:JOBY) stock is down 31% since emerging from a SPAC deal with Reinvent Technology Partners on Aug. 11. That makes sense, because Joby is a “pre-revenue” company. Investors have nothing to judge JOBY stock by except plans, sponsors and a prototype. Source: T. Schneider / Shutterstock.com The company intends to deliver an electric
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