SAN FRANCISCO—Tesla Inc. Chief Executive Elon Musk said on Wednesday he was “almost done” with his stock sales after selling over $15 billion worth for more than one month. The billionaire had made confusing statements as to whether he might or might not be done with his stated goal of selling 10 percent of his…
Tesla CEO Musk Says He Is ‘Almost Done’ With Stock Sales; Shares Rally
American Airlines Launches Rights Issue Plan to Protect $16.5 Billion Tax Benefit
American Airlines Group Inc. said on Wednesday it was seeking shareholder approval for a rights offering plan to avert any hostile takeovers and preserve a $16.5 billion tax benefit, as the industry grapples with the Omicron coronavirus variant. The No. 1 U.S. airline said it had cumulative U.S. federal net operating loss carryforwards exceeding $16.5…
Read Why SMBC Nikko Is Bullish on Microsoft
SMBC Nikko analyst Steve Koenig initiated coverage of Microsoft Corp. with an Outperform rating and $410 price target. The price target implies an upside of 28 percent. Microsoft is successfully transitioning its customers to the cloud. Koenig said that Microsoft is “well-positioned at the center of the big secular trends in software” and is primed to capitalize on IT…
Read Why Loop Capital Slashed Twitter Price Target by 22%
Loop Capital analyst Alan Gould lowered the price target on Twitter Inc. to $65 from $84, implying 46.5 percent upside, and reiterated a Buy. Gould states that not many investors see the potential for the company to generate 25 percent topline growth, raising an “unanswered question” on margin outlook and overhang for the stock after Twitter indicated that expenses…
Global Stock Markets Rise After Wall Street Rebounds
BEIJING—Global stock markets rose Wednesday with markets optimistic that the Omicron coronavirus variant would only have a limited economic fallout. Shanghai, Frankfurt, Tokyo, and Hong Kong advanced. London opened lower. Wall Street rose after President Joe Biden announced Tuesday the government will provide rapid-test kits and increase vaccination efforts but gave no indication of plans…
Is Rocket Companies’ Stock Overvalued or Undervalued?
Rocket Companies Inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 28.5 percent. Rocket stock has had a wild ride since its 2020 IPO, but investors may be wondering whether there’s any value in Rocket shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of…
If You Invested $1,000 in Taiwan Semiconductor Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust total return over the last 12 months is 26.2 percent. But there is no question some big-name stocks performed better than others along the way. Taiwan Semiconductor’s Bumpy Ride One company that…
Why Block Shares Are Trading Lower Premarket?
Wedbush analyst Moshe Katri lowered the price target on Block Inc. to $190 from $250 and reiterated Neutral. The new price target implies a 13.7 percent upside. The re-rating follows the Wedbush-hosted advisor call. Katri cited continued indications of choppy consumer spending, renewed pandemic-driven B&M shutdowns/travel slowdown, and likely reduced spending on non-discretionary items given inflationary pricing pressure on…
You Ask, We Analyze: Will Vinco Ventures Stock Break From This Pattern Before Christmas?
On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. From the replies Benzinga selected one ticker for technical analysis. @jjcotto1, @darshanp570, @joiiee1, @MACDzNuts, @TrojanJG12, @TheGraphFund, @DDBuckets, @Ohio_Shawn, @Royal_brx and @USRandys are buying Vinco Ventures, Inc., while @RickardErikss16 is going to buy more of the stock. Vinco Ventures was the…
Tesla Faces Investor Lawsuit Over Musk Tweets on 10 Percent Stock Sales
December 18, 2021
admin
Business & EconomyCompanieseconomyElon MuskinvestorlawsuitLocal NewsMarketsNorthern CaliforniaRegional-Local NewsstockteslatweetsUSUS News
0 Comment
San Francisco—Tesla Inc. was hit by a lawsuit over CEO Elon Musk’s social media posts including his Twitter poll on stock sales that pulled down its stock prices. Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`