Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in…
Could GameStop Reach $400 Again? Technically Yes and Here’s Why
GameStop Corporation gapped down slightly on Thursday before experiencing volatility, which caused the stock to fluctuate over 7 percent during the first hour of trading. The stock has experienced a massive rebound lately, after falling about 70 percent off its Nov. 3, 2021 high of $255.69 to reach a March 14 low at the $77.58,…
Here’s Why Morgan Stanley Downgraded Dell
Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc to Equal Weight from Overweight with a price target of $60, down from $66 (10.5 percent upside). The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook. Woodring noted the valuation is likely to be capped by slowing PC…
Why Apple Stock Looks to Be Preparing for a Blue-Sky Run
Apple, Inc. opened the trading session on Thursday mostly flat after consolidating on Wednesday and then fell about 1 percent lower within the first half-hour of trading. On Wednesday, Market Rebellion co-founder Jon Najarian said on CNBC he added to his position in Apple, despite the tech giant nearing a $3 trillion market cap. Najarian…
Robinhood Extends Trading Hours With Ultimate Goal of 24/7 Investing: What You Need to Know
Robinhood Markets Inc on Tuesday unveiled extended trading hours for its brokerage platform, building on the company’s aim to make investing more accessible for all. What Happened Robinhood announced that it’s working toward offering 24/7 investing for its customers. In a first-step effort toward around-the-clock investing, Robinhood has launched new extended trading hours that allow customers to trade from…
Apple Stock Rises for 10 Consecutive Sessions: First Time Since 2010
Apple stock continues to rise as the company reached a significant milestone for the first time since 2010 when it was still riding on the heels of the iPhone’s initial launch success. The company experienced a small increase in share price on Monday which solidified ten consecutive sessions of the stock rising. This milestone signals a…
Tesla Adds to Wave of Megacap Stock Splits
March 30, 2022
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Tesla’s announcement on Monday that it will seek shareholder approval to increase its share count in order to enable a stock split adds to a recent wave of megacap companies splitting their shares in a bid to attract more investors. Tesla said in a filing it would hold a vote at its upcoming annual shareholder…
Tesla to Seek Shareholder Approval for Stock Split; Shares Surge
Tesla Inc. will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 percent. The plan came as the company suspended its Shanghai factory amid COVID-19-related lockdown measures and its artificial intelligence head…
Rouble Firms Past 90 vs Dollar, Russian Stocks Extend Slide in Volatile Trade
March 29, 2022
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The rouble firmed past 90 against the dollar in Moscow trade on Monday, a near one-month high, while Russian stocks extended their slide lower on the third session of trading after an almost month-long suspension. The Russian market is gradually reopening after a suspension caused by sweeping Western sanctions that followed the beginning of what…
Here’s Why Argus Remained Bullish on eBay
Argus analyst Joseph Bonner lowered the price target on eBay Inc. to $69 from $88 but kept a Buy. The price target implies an upside of 23.8 percent. eBay will need to show that it can successfully carve out product niches among sellers in the face of severe competition from Amazon.com Inc., Walmart Inc., and start-up category retailers like Etsy Inc.. However,…
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