In this article GDDY Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in stock of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest
Month: December 2021
In this article APA GDDY AAL AEO RL GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it,
Brookstone Capital Management increased its holdings in Verizon Communications Inc. (NYSE:VZ) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,093 shares of the cell phone carrier’s stock after purchasing an additional 26,168 shares during the period. Brookstone Capital Management’s
When Rivian (NASDAQ:RIVN) posted only $1 million in revenue recently, it showed quarterly results that potentially hurt Ford (NYSE:F). Unable to sell RIVN at its $179 high, Ford will lose some of the windfalls. Basically, the near-term downtrend in Rivian is also bad news for F stock. But the drag is due to more than
StoneCo Ltd. (NASDAQ:STNE) is a Cayman Islands-based financial technology solutions company operating in Brazil. STNE stock began trading in 2018 with an initial public offering price of $24, raising then $1.22 billion in total proceeds. Source: Shutterstock This has been a dramatic year for STNE stock, having lost nearly 80% in value since Jan. 1.
Nwam LLC boosted its holdings in shares of KeyCorp (NYSE:KEY) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,830 shares of the financial services provider’s stock after acquiring an additional 542 shares during the period. Nwam
Nike (NYSE:NKE) stock had a consistent pattern in 2021. It jumps on earnings. Source: mimohe / Shutterstock.com NKE stock did it again Dec. 20, after the company reported its second fiscal quarter of 2022. Net income was $1.3 billion, 83 cents per share fully diluted, on revenue of $11.4 billion. In response the share price
Raymond James & Associates decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,030 shares of the specialty retailer’s stock after selling 21,523 shares during the period. Raymond James
What good is a car without a gas station? Source: Virrage Images / Shutterstock.com Not much good at all. In fact, a car is pretty much useless as a means of transportation, unless it has fuel. Fuel comes from gas stations. No gas stations. No usable cars. By that same token, what good is an
As I write this, Cloudflare (NYSE:NET) stock trades at $131. Without beating around the bush, that’s a bargain. Source: IgorGolovniov / Shutterstock.com Well, it appears to be a bargain at least. Cloudflare is a stable company with a growing business, and that growth is expected to continue for the foreseeable future. There are two overarching
On today’s show, we talk about Bitcoin borrowing and lending with Blockfi’s CEO, Zac Prince. Additionally, Preston was accompanied by Blockfi investor, Mark Yusko from Morgan Creek Capital Management. IN THIS EPISODE, YOU’LL LEARN: – What are the basics of how Bitcoin lending works – What is over-collateralization – What are some of the risks
Sigma Planning Corp boosted its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 14.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,843 shares of the company’s stock after purchasing an additional 1,476 shares during
2020 was an explosive year for growth stocks, as many saw several years worth of growth pulled forward into our new pandemic operating environment. It resulted in many stocks doubling, tripling, quadrupling or even more. Coming into 2021, many of these names were hitting new highs and investors were feeling empowered. This brazen attitude didn’t
Bakkt Holdings (NYSE:BKKT) stock has garnered recent attention primarily because it is a catchall for the digital economy. The world is eager to understand how to capitalize on what many see as a revolution in digital assets. Source: Shutterstock The firm operates a regulated platform allowing consumers to store “digital assets, access liquidity and trade,
Jabil Inc. (NYSE:JBL) Director Martha Brooks purchased 3,000 shares of the business’s stock in a transaction on Monday, December 20th. The stock was purchased at an average cost of $63.63 per share, for a total transaction of $190,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed
With the share price of Ford Motor Co. (NYSE:F) slipping from its recent 52-week high, now is an excellent opportunity to buy stock in the legendary American automaker. Source: TY Lim / Shutterstock.com In early November, F stock closed above $20 for the first time since 2001. As recently as April 2020, Ford’s share price
Asana (NYSE:ASAN), which provides a “work management platform,” has important strengths, including the many positive reviews that its offering received and that it provides a few services not offered by its main competitors. Conversely, the company is facing very tough competition, it’s far from being profitable, and the valuation of ASAN stock is quite high.
Asset Management One Co. Ltd. reduced its position in Zimmer Biomet Holdings, Inc. (NYSE:ZBH) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,119 shares of the medical equipment provider’s stock after selling 4,530 shares during the quarter. Asset Management One Co.
Rivian’s (NASDAQ:RIVN) electric vehicles are getting superb reviews, and the company appears to be generating strong buzz. Also importantly, I still believe that Wall Street “has the back of” RIVN stock, and the automaker’s impressive partnership with Amazon (NASDAQ:AMZN) remains intact. Source: Miro Vrlik Photography / Shutterstock.com Finally, the downturn of Rivian’s shares in the
SoFi (NASDAQ:SOFI) reported third-quarter results that showed strength in some areas. But the company remains unprofitable and its EBITDA actually dropped year-over-year last quarter, while a number of the bulls’ main theory theories on the company appear to be misguided. Moreover, boding badly for SOFI stock, many entities sold the shares in recent months, and
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