#SEC closes for Juneteenth, markets to remain open

#SEC closes for Juneteenth, markets to remain open

“#SEC closes for Juneteenth, markets to remain open” The Securities and Exchange Commission will remain closed Friday in observance of the new federal holiday Juneteenth, which commemorates the end of slavery in the US, the agency announced. That means publicly traded companies will not be able to submit filings to the SEC, barring them from…

Read More
#DraftKings stock falls after firm warns of black market link

#DraftKings stock falls after firm warns of black market link

“#DraftKings stock falls after firm warns of black market link” Shares of sports betting powerhouse DraftKings tanked Tuesday morning as a short seller alleged the company has exposure to international black-market gambling and organized crime.  DraftKings shares opened at $44.95 on Tuesday — down about 11 percent from $50.62 at market close on Monday, according…

Read More
#GameStop earnings overshadowed by SEC meme stock investigation

#GameStop earnings overshadowed by SEC meme stock investigation

“#GameStop earnings overshadowed by SEC meme stock investigation” GameStop reported better than expected earnings this week — but its stock close down on its disclosure that the Securities and Exchange Commission was investigating its trading practices. The video game retailer on Wednesday posted a 25 percent increase in sales for the first fiscal quarter on…

Read More
#Oatly headed for IPO valuing it over  billion

#Oatly headed for IPO valuing it over $10 billion

“#Oatly headed for IPO valuing it over $10 billion” Shares of Swedish oat milk brand Oatly soared nearly 30 percent during the company’s public market debut Thursday. The stock began trading around 11:45 a.m. ET at $22.12, about 30 percent above the IPO price, giving the company a valuation of $13.1 billion. The Malmo, Sweden-based…

Read More