Progenity (NASDAQ:PROG) is a clinical-stage biotech company. PROG stock completed its initial public offering (IPO) in 2020 at $15 per share. Source: Mongkolchon Akesin / Shutterstock.com The company would suffer a rapid and complete fall from grace, however. At the time of the IPO, Progenity aimed to be a molecular research company and had actual
Fisker (NYSE:FSR) made a big announcement on Dec. 20. While the news probably won’t do anything for FSR stock, I think it’s cool. Source: Eric Broder Van Dyke / Shutterstock.com According to its press release: “Fisker will launch exclusive digital art NFTs of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Dec. 13, 2021. Michael Nagle | Bloomberg | Getty Images Farr, Miller & Washington is a “buy-to-hold” investment manager, which means we make each investment with the intent to hold the position for a period of
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Cathie Wood started the year as a bona fide superstar in the rarified world of active stock picking. She ends the year
In this article VIPS BA CCL UAL Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Check out the companies making headlines in midday trading. Coinbase — Shares of the crypto exchange fell 6.9% on Tuesday as digital currencies
Lucid (NASDAQ:LCID) stock has drifted well off its highs and is now looking like quite a bargain. From a peak price of $55.52 on Nov. 16, LCID stock has drifted down to $38.64 as of Dec. 27. It looks like the stock could end up having a good 2022 as well. Source: Around the World Photos
Dr. Saifedean Ammous and Preston Pysh have a conversation about how the existing fiat financial system works, how it has created a warped incentive structure for things like academia, food, and many other things. Then they also talk about how Bitcoin offers a solution to many of these issues and concerns. IN THIS EPISODE, YOU’LL
There were both positive and negative aspects of GameStop (NYSE:GME) stock and its third-quarter earnings report. Source: quietbits / Shutterstock.com On the positive side, I think that the company is taking multiple steps that will move it closer to its goal of becoming an e-commerce giant, and the retailer was able to generate significant year-over-year
Rocket Companies (NYSE:RKT) wants to be known as a fintech company. That’s why it recently spent $1.3 billion buying Truebill, a personal finance app. But RKT stock financials don’t read like those of a fintech. Source: Lori Butcher / Shutterstock.com Even when the company beats estimates, as they did in the third quarter, this is
In this article DIDI CAR MRNA CI GDDY AAPL Check out the companies making headlines before the bell: Airline stocks – The major carriers saw their shares fall in the premarket after a surge in weekend cancellations due to staffing issues. United Airlines (UAL) slid 1.8%, American Airlines (AAL) fell 1.4%, Delta Air Lines (DAL)
The S&P 500 broke records last week and again early this morning. This is in spite of a wall of worry that investors keep climbing. It’s almost like there are no bears, which makes it easy to find opportunities for stocks to buy on weakness. Investors are stepping in to buy every dip. Even though
China was once the Bitcoin trading and mining capital of the world. However, the country’s leadership struggled for several years to find ways to control cryptocurrency’s spreading popularity and keep it from devaluing and replacing its fiat currency. As a result, China’s government finally banned non-government-approved cryptocurrencies in September 2021. Here’s a quick rundown of
StoneCo Ltd. (NASDAQ:STNE) is a Cayman Islands-based financial technology solutions company operating in Brazil. STNE stock began trading in 2018 with an initial public offering price of $24, raising then $1.22 billion in total proceeds. Source: Shutterstock This has been a dramatic year for STNE stock, having lost nearly 80% in value since Jan. 1.
After a sharp move lower, Matterport (NASDAQ:MTTR) stock is bouncing back. “Meta madness” sent it zooming higher in November. But with the omicron and Federal Reserve fueled growth stock selloff earlier this month, investors bailed on this spatial data platform operator. Source: Matterport Trading for as much as $37.60 on Dec. 1, it fell to as
In this article GDDY Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in shares of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest
In this article APA GDDY AAL AEO RL GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it,
When Rivian (NASDAQ:RIVN) posted only $1 million in revenue recently, it showed quarterly results that potentially hurt Ford (NYSE:F). Unable to sell RIVN at its $179 high, Ford will lose some of the windfalls. Basically, the near-term downtrend in Rivian is also bad news for F stock. But the drag is due to more than
On today’s show, we talk about Bitcoin borrowing and lending with Blockfi’s CEO, Zac Prince. Additionally, Preston was accompanied by Blockfi investor, Mark Yusko from Morgan Creek Capital Management. IN THIS EPISODE, YOU’LL LEARN: – What are the basics of how Bitcoin lending works – What is over-collateralization – What are some of the risks
Rivian (NASDAQ:RIVN) recently reported its first earnings report as a public company. The results disappointed Wall Street, and RIVN stock fell. It gained some of those losses back, but still trades at about half of its recent highs. Source: Michael Vi / Shutterstock Many investors (including myself) questioning the stock’s valuation. To be fair, many
DraftKings (NASDAQ:DKNG) stock is down 35% so far this year. Bears are fully in control of DraftKings sentiment, even as more states approve laws to allow sports gambling. Its possible the playing field will get worse before it gets better. Source: Lori Butcher / Shutterstock.com The National Hockey League shut down its season through the