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“#Are stock ‘cultists’ pumping AMC shares?” AMC Theatres, the teetering movie-theater chain with a stock that trades like a FAANG, was supposed to skyrocket even further last week on a breakout quarter — igniting a “short squeeze” that would crush company naysayers. That was the word on social media and promoted by the stock’s ardent,…
“#Elon Musk sells another $700 million in Tesla stock” Tesla top boss Elon Musk sold another block of company shares worth about $700 million, filings showed on Friday, as the billionaire takes advantage of a meteoric rally that drove the electric carmaker’s value to over $1 trillion. The second round of hefty stock sales this week comes just…
“#Elon Musk sells $680M in stock, taunts Rivian’s high IPO” Tesla CEO Elon Musk taunted his electric car company rival Rivian’s high-flying initial public offering Thursday — as it was revealed the eccentric billionaire sold more than $680 million worth of stock in his company. “There have been hundreds of automotive startups, both electric and…
“#Beyond Meat shares fall 19% amid slowing veggie burgers demand” Shares of Beyond Meat slumped as much as 19 percent Friday after the faux meat maker signaled slowing demand at restaurants and grocers with a weak sales forecast, raising questions on whether its business is nearing saturation. Sales of its plant-based meat fell at several fast-food chains in the third quarter, when…
“#AMC CEO Adam Aron sells nearly $25 million in shares” AMC Entertainment CEO Adam Aron has sold 625,000 shares in the company, worth approximately $25 million, according to a Wednesday filing with federal regulators. That’s just half the shares he plans to sell over the coming days, weeks and months, according to the filing. The…
“#Bumble shares plunge 20% as COVID-19 hurts user growth” Bumble posted its first sequential decline in user growth since the dating app owner went public in February, as fresh pandemic restrictions crimped demand in some markets, sending shares plunging almost 20 percent Friday. In the third quarter, total paying users fell 2 percent from the prior…
“# Elon Musk offloads $1.1B in Tesla stock ” Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings. Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the…
“#Robinhood stock drops after hackers stole info on 7M users” Shares of no-fee trading app Robinhood dropped more than 3 percent in premarket trading Tuesday after the company disclosed that hackers made off with the personal information of more than 7 million users last week in a major data breach. Robinhood announced Monday evening that…
“# These publicly traded firms are pulling institutions into crypto ” Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors. From being a domain of bedroom coders to a growing financial sector with over…
“# Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain ” Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally…