Unicorn stock Slack Technologies, Inc. plunged as much as 25.5 percent on Friday (March 13), reaching a post-IPO low of $15.90, although it later partly recovered to end the day at $19.59, down 8.2 percent. The workplace software giant fell after unveiling a fiscal 2021...
Bloodbath. Buying opportunity. Call it what you will, but Monday’s rout left pretty much no one unscathed. The headline numbers show a 7.6 percent drop for the Standard and Poor’s 500 Stock Index, where a broad swath of industries is represented. For the tech-heavy Nasdaq, the percentage...
The stock-trading app Robinhood went down again on Monday (March 9), as the markets plummeted and then closed briefly for the first time since 1997, according to reports. The app was back up in less than an hour. This latest Robinhood outage comes a week...
The suit is settled. But what comes next? Over the weekend, Elon Musk and Tesla settled with the Securities and Exchange Commission (SEC) over charges that were a firestorm in the wake of a tweet storm. As widely reported, Musk still maintains a grip on...
Helios and Matheson Analytics, the parent of MoviePass, announced Tuesday (July 24) that it will institute a reverse stock split of its issued and outstanding common stock. In press release, Helios and Matheson said that, at a special meeting of stockholders held on July 23,...
The takeover that wasn’t meant to be sent shares in Walgreens and AmerisourceBergen down Tuesday. As reported, talks that Walgreens Boots Alliance (WBA) would buy AmerisourceBergen (ABC) have collapsed, as earlier in the month, noted Investors Business Daily, Walgreens CEO Stefano Pessina met with Amerisource...
Ethereum, a rival cryptocurrency to bitcoin, surpassed the $1,000 mark in trading on Thursday (Jan. 4) for the first time ever. The digital currency hit a new all-time high of $1,045.08 around 10:05 A.M. ET, according to news from CNBC, citing CoinDesk. Currently, Ethereum is the...
With technology earnings in full swing, Apple, Alphabet, Amazon and Facebook all added billions of dollars in market value last week alone. According to a news report in CNBC, the technology leaders added a combined $181 billion in market value last Friday, as investors rewarded...
Payments stocks showed an even keel this past week, generally split between winners and losers. The gains and losses were evenly distributed between the low single digits, percentage-wise. The biggest gains were notched by Net1 UEPS Technologies, Inc., which was up just under 4 percent....
