Chinese ride-hailing giant DiDi Global (NYSE:DIDI) burned its investors after its dreadful IPO (initial public offering) last year. DIDI stock was trading at $14 when it went public last June and quickly got up to an all-time high of $18. However, since then, the stock has shed nearly 80% of its value. Business challenges aside,
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WealthBridge Investment Counsel Inc. raised its holdings in Medtronic plc (NYSE:MDT – Get Rating) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,815 shares of the medical technology company’s stock after acquiring an additional 675 shares during the quarter. Medtronic accounts for 2.7% of WealthBridge Investment Counsel Inc.’s investment portfolio,
A look at the weighted underlying holdings of the Vanguard High Dividend Yield ETF (VYM) shows an impressive 10.8% of holdings on a weighted basis have experienced insider buying within the past six months. Click here to find out 10 ETFs With Stocks That Insiders Are Buying » Flowers Foods, Inc. (NYSE: FLO), which makes
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures rose slightly on Wednesday night as investors recover from losses during the regular trading session. The Dow Jones Industrial Average futures rose by 4 points, or 0.01%. S&P 500 and
Now that the dust is starting to settle on earnings season, it’s time to reexamine Block (NYSE:SQ). A significant amount of volatility has marked SQ stock, especially after its name change from Square, a move that reflects its growing interest in the blockchain space. Source: Sergei Elagin / Shutterstock.com It launched its first product in
Lucid (LCID) management has lowered its previously forecasted production targets by 40% for 2022. The company is uncertain with respect to its deliverables. Investors should maintain a cautious outlook on LCID stock. Lucid Group (NYSE:LCID) stock has been trending down after its fourth-quarter and full-year earnings results as the company slashed its manufacturing targets by
Shares of Union Pacific Co. (NYSE:UNP – Get Rating) saw an uptick in trading volume on Tuesday . 222,334 shares were traded during trading, a decline of 94% from the previous session’s volume of 3,700,609 shares.The stock last traded at $264.94 and had previously closed at $264.51. A number of research firms have commented on
In trading on Friday, the SPDR S&P Regional Banking ETF (KRE) is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of The Bancorp Bank (TBBK), up about 3.2% and shares of Wilshire Bancorp (WIBC), up about 2.2% on the day. And underperforming other ETFs today
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In this article OXY Wall Street legends Carl Icahn and Warren Buffett have taken different approaches to shares of Occidental Petroleum in recent weeks. Icahn had been selling to exit his long equity position. Buffett’s conglomerate, Berkshire Hathaway, has been building a position worth billions. In an interview Tuesday on CNBC’s “Closing Bell: Overtime,” Icahn
In this article GME WGO GIS ADBE The General Mills logo is displayed on a box of Raisin Nut Bran cereal at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Adobe — Shares for the
Much like most of the smaller-capitalization tech sector, Twilio (NYSE:TWLO) stock suffered tremendous devastation in the past year. It peaked just over a year ago after a phenomenal rally. Unfortunately it also crashed in an equally as astonishing fashion. The round trip out of the pandemic was 560% up, 73% down. Luckily, TWLO stock bottomed
Lumen Technologies(LUMN) is expanding into edge-computing infrastructure to facilitate the blockchain. Meanwhile, the company continues to trade at a low multiple and pay high dividend distributions. Investors should buy some shares of Lumen Technologies while the price is still reasonable. Louisiana-headquartered Lumen Technologies (NYSE:LUMN) was formerly known as CenturyLink, a company noted for its extensive fiber-optic network.
Mullen Automotive (MULN) claims it will produce an electric vehicle (EV) called the Mullen Five. The problem is the company has no cash commensurate with the value proposition, and it will take 2.5 years to produce the EV. Something seems off, as Mullen is relying on an equity line of credit to fund its operations
Gulf International Bank UK Ltd lowered its holdings in shares of Sysco Co. (NYSE:SYY – Get Rating) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,084 shares of the company’s stock after selling 15,469 shares during the quarter. Gulf International Bank
We are back with an update to our True “Austrian” Money Supply (TMS) series… Based on the monetary insights of the Austrian school of economics, THE CONTRARIAN TAKE will once again be offering up the monthly money supply metrics – True “Austrian” Money Supply or TMS – for the U.S., Eurozone, Japan and U.K. currency
In this article GME NurPhoto | NurPhoto | Getty Images GameStop chairman Ryan Cohen just bought another 100,000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9% as the activist investor tries to push the company into e-commerce. The meme stock jumped as high as about 20% in after-hours trading Tuesday
In this article CCL BABA DDOG OKTA NKE A man with Nike bags talks on the phone in front of a Nike store as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Check out the companies making headlines in midday trading. Nike