It was more of the same with U.S. stock markets in May, meaning that investors won’t be getting much reprieve from volatility in the near future. Virtually every U.S. stock index has more or less succumbed to bear markets. Hence, investors gravitate towards safe stocks that provide a hedge against troubling market conditions. You invariably
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Crexendo, Inc. (NASDAQ:CXDO – Get Rating) CEO Steven G. Mihaylo purchased 10,000 shares of the stock in a transaction dated Friday, June 10th. The stock was bought at an average cost of $2.89 per share, with a total value of $28,900.00. Following the completion of the purchase, the chief executive officer now owns 11,124,588 shares
In this article REV ASTR COIN Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Check out the companies making headlines in midday trading Monday. Coinbase, Microstrategy — Shares of cryptocurrency-related companies sold off
With Russia gobbling Ukraine, China threatening to take Taiwan, and the damage from climate change becoming obvious, it can seem hard to make a case for any stock. Even Apple (NASDAQ:AAPL). Apple crossed into bear market territory last week and was due to open at $133.35, down almost 23% for 2022. But it’s still not
Since Thursday, the price action on Wall Street has been devastating for the bulls. I anticipated a weak Thursday but the follow through has been a bit too harsh. This week we are likely to see some fireworks, so investors are throwing all stocks out. The good and the bad end up in the waste
The collapse of SoFi Technologies (NASDAQ:SOFI) stock price has gotten so bad it’s starting to look like a cautionary tale. The financial technology (fintech) company that likes to refer to itself as an “online bank” has seen its stock plunge 62% since the start of the year. At just below $6, SOFI stock more than
Amdocs Limited (NASDAQ:DOX – Get Rating) saw strong trading volume on Monday . 51,171 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 639,914 shares.The stock last traded at $79.92 and had previously closed at $81.81. Several analysts recently commented on the stock. Citigroup cut their price objective
In this article NFLX ILMN RENT SFIX MTN DOCU Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could
Snap (NYSE:SNAP) has seen the type of decline one rarely sees in a company that’s done as well as it has. Snap stock has fallen 84% from its all-time high, which came just nine month ago in September. This name has lived and died by its earnings reports. In July 2021, shares erupted 24% on
Source: Tero Vesalainen / Shutterstock.com Ride-hailing and delivery company Lyft (NASDAQ:LYFT) continues to disappoint investors on multiple fronts. LYFT stock is down 63% year to date and trading 78% below its initial public offering (IPO) price of $72 per share from March 2019. Currently, shares sit just above their all-time low. The San Francisco-based company
Stealth BioTherapeutics Corp (NASDAQ:MITO – Get Rating) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,480,000 shares, a growth of 95.4% from the May 15th total of 757,400 shares. Based on an average daily volume of 2,470,000 shares, the
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Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Markets are tense, and May’s hot inflation report has only worsened the situation. Last month’s consumer price index rose 8.6% from a year ago, making it the highest increase since December 1981. The reading spurred further worries about a recession and bond yields jumped on
In this article RBLX NFLX SFIX DOCU SAVE Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin | Gc Images | Getty Images Here are
In the year thus far, Raytheon Technologies (NYSE:RTX) stock has done very well, bucking the overall bearish trend amongst the broader markets. The company specializes in defense, security, and aerospace. They provide weapons systems, missile systems, precision strike technology solutions, and intelligence to customers worldwide. Raytheon Technologies has been around since 1922, when it was
AURELIUS Equity Opportunities SE & Co. KGaA (OTCMKTS:AULRF – Get Rating) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 41,800 shares, a growth of 120.0% from the May 15th total of 19,000 shares. Based on an average trading volume of 0 shares,
On today’s show, Preston Pysh talks with Bitcoin influencers and builders, Parker Lewis & Joe Kelly from Unchained Capital Management. They discuss Bitcoin security and borrowing. IN THIS EPISODE, YOU’LL LEARN: 0:00 – Intro 03:42 – Why Joe Kelly founded Unchained Capital Management 06:30 – Why are people willing to borrow at such high interest
Watch the full series to learn how the Zacks Rank works.
In this article NEWR Delmaine Donson | E+ | Getty Images Company: New Relic (NEWR) Business: New Relic is a software-as-a-service company, delivering a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to