A congressional hearing planned for Feb. 18 about Robinhood’s GameStop trading debacle is expected to get testimony from Robinhood, Melvin Capital and Citadel Securities, Reuters reported on Wednesday (Feb. 10) citing sources. The House Financial Services Committee is looking into the trading frenzy that saw the...
Cannabis stocks are lighting up the exchanges as the Reddit forum that recently boosted so-called “meme” shares now turns an eye on a fresh crop of companies, according to multiple reports. Reuters said that one post on WallStreetBets, the Reddit forum in question, told users...
The Federal Trade Commission said it received more than 100 Robinhood-related complaints between Jan. 24 and Feb. 2, CNBC reported on Friday (Feb. 5). The consumer watchdog said some of the complaints stemmed from users saying they are not able to cash out holdings and change...
The online boom in the stock price of such companies as GameStop has gained the attention of brokers, prompting moves to curb the wild trading activity. The video game retailer’s price per share has skyrocketed by almost 2,000 percent since the start of 2021. The...
Tesla shares accelerated some 5.6 percent, pushing its market capitalization over $800 billion for the first time, Reuters reported on Friday (Jan. 8). The rally pushed Tesla CEO Elon Musk to new status as the world’s richest man. Tesla’s Musk has now moved ahead of...
Despite the pandemic, U.S. stock sales soared to $435 billion in 2020, surpassing the previous record of $279 billion in 2014. The stock shopping spree was fueled in part by intense initial public offering (IPO) activity, which saw companies raise $100 billion this year in...
Airbnb began trading at $146 a share on Thursday (Dec. 10) at more than two times the price set for its initial public offering (IPO) the previous day. The home-sharing company, which trades with the “ABNB” ticker symbol on the Nasdaq, had an IPO price...
DoorDash soared on its first day of trading on the New York Stock Exchange Wednesday (Dec. 9), surging over 85 percent from its initial public offering (IPO) price of $102 to close out the trading day at $189.51. The food delivery company trades under the...
Slack’s stock rocketed over 24 percent on Wednesday (Nov. 25) on a report that Salesforce had discussions to acquire the firm, while Salesforce stock fell over 4 percent, CNBC reported. Microsoft rivals Slack with its Teams product, and its stock registered a small decline. The...
