The only publicly traded National Football League team is offering shares to the public for just the sixth time in history. Here are the details. What Happened The Green Bay Packers are offering shares of the team for sale beginning Nov. 16. Shares will be sold at a price of $300 each and an additional…
Want to Own a Share of the Green Bay Packers? Buy a Piece of the Team for $300, but Don’t Expect Dividends or a Gain
Tesla’s Musk Sells $930 Million in Shares to Cover Stock Option Tax: Filings
November 16, 2021
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Tesla CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday. Musk sold 934,091 shares after exercising options to buy 2.1 million stocks at $6.24 each on Monday. Tesla shares closed at $1,013.39. He is required to pay…
This EV Stock Is Trading at ‘Significant Premium,’ Delano Saporu Says
On CNBC’s “Trading Nation,” Delano Saporu of New Street Advisors Group said although shares of companies, including Tesla, Inc., NVIDIA Corporation and Microsoft Corporation will continue moving higher in the long term, investors should look for better prices to buy these shares. He noted that shares of Tesla have jumped around 30 percent in the…
Tesla Shares Slip After Heavy Week of Losses
November 15, 2021
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Tesla Inc.’s shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker. Shares in the company, which lost some $187 billion in market value over the past week, were down 2.7 percent at $1,005.42 in…
Asian Shares Higher as Japan Says Economy Shrank in Third Quarter
November 15, 2021
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Shares advanced in Asia on Monday as plans for stimulus in Japan overshadowed news that its economy contracted in the last quarter. Investors are awaiting the outcome of a virtual meeting between President Joe Biden and Chinese President Xi Jinping. Benchmarks rose in Tokyo, Sydney, Hong Kong, and Seoul but fell in Shanghai. Japan reported…
Why Wedbush Downgraded Nvidia?
Wedbush analyst Matt Bryson downgraded NVIDIA Corp. to Neutral from Outperform with a price target of $300, up from $220, implying a 1.3 percent downside to November 11 closing price of $303.90. The analyst cites valuation for the downgrade, with the shares trading at 55 times his 2024 numbers. He would have to lift the…
Analysts Adjust Price Target on Wix.com—Read Why
Analysts slashed price targets on Wix.com Ltd. post Q3 beat. Needham analyst Bernie McTernan maintained a Buy and lowered the price target from $265 to $250, implying a 32.2 percent upside. Barclays analyst Trevor Young lowered the price target to $210 from $220, implying an 11 percent upside, and maintained an Equal Weight rating. The…
Tesla’s Musk Sells More Shares Worth $687 Million
November 12, 2021
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Tesla Inc. Chief Executive Officer Elon Musk disclosed an additional share sale worth about $687 million in the electric-car maker, regulatory filings showed on Friday, after offloading about $5 billion in stock earlier in the week. Musk sold 587,638 and 52,099 shares held by his trust on Nov. 11 in multiple transactions, according to two…
European Shares Hit New Highs, Firm Dollar Dents Oil
November 12, 2021
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LONDON—European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, though investors kept a wary eye on rising yields as the dollar hit a 16-month high. The STOXX index of 600 companies was up 0.09 percent, enough to eke out a new record high…
World Shares Advance After Modest Gains on Wall Street
November 12, 2021
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Shares advanced in Europe and Asia on Friday after Wall Street benchmarks managed to close mostly higher. The latest round of mostly solid corporate earnings is winding down after helping markets rise for weeks, reaching a series of records. However, inflation concerns are rattling investors. Germany’s DAX gained 0.1 percent to 16,108.70, while the CAC…
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