In the wake of what can only be termed a disappointment, Uber’s IPO may paint other companies that are newly public or aiming to come public with a broad, and decidedly negative, brush. At this writing, on Tuesday morning (May 14), Uber shares were briefly...
Call it a less than auspicious beginning. When the rubber met the road, when the trading actually became reality, Uber sputtered. To say the least. The fact is, a busted IPO is a busted IPO, and while one day of trading does not a trend...
Billionaire Warren Buffett’s firm Berkshire Hathaway has been purchasing shares in Amazon, and Buffett said he has underestimated Amazon founder Jeff Bezos, according to a report by Bloomberg. Berkshire is a $531 billion company with businesses ranging from Geico to Dairy Queen. The share purchases will show up...
Grubhub saw its shares increase as much as 10 percent after it was revealed that its CEO purchased almost $1 million of company stock. The information was discovered in a filing with the U.S. Securities & Exchange Commission, showing that Chief Executive Officer Matthew Maloney acquired...
Starbucks shares have reached a record high ahead of expected Q2 earnings, according to a report by Bloomberg. Morgan Stanley analyst John Glass wrote that a potential traffic gain of 1 percent could push the stock even higher, and that a 4 percent gain in...
Goldman Sachs is predicting that tech giant Apple will sell fewer than the 67 million units Wall Street expects it to, according to a report by CNBC. Goldman Sachs Analyst Rod Hall rated the company as neutral, and advised his clients that Apple will probably...
Lyft shares have been on a skid, and one wonders if a surge of bullish notes and sentiments from Wall Street’s sell-side will be enough to steady the steering. At this writing, shares are down 2.7 percent in intraday trading, and the stock still represents...
Domino’s got a big boost in its share price, care of a big up-vote from Morgan Stanley Analyst John Glass in the form of a raised rating to overweight from equal rate, citing “attractive valuation relative to slower-growing peers.” The new rating came with a...
Shares in the ride-hailing company Lyft dropped 7.3 percent on the news that rival Uber was looking for a valuation of between $90 billion and $100 billion ahead of its initial public offering (IPO), according to reports. When it officially goes public on Thursday (April...
