A Reddit community WallStreetBets has taken the hedge-funds on a ride by pumping stocks that were heavily shorted by these funds. The Biden administration and the SEC is closely observing this situation around GameStop.
The rallies in the shares of GameStop and AMC are outpacing the broader US stock market indices these days.
With the plans to raise $1.5 billion through its ongoing IPO, Qualtrics has made a series of adjustments to its shares offering to the public in recent days.
The over 642% surge in the shares of GameStop since January 12 has come as a shock to many Wall Street veterans.
The strong advertising revenue comes from Microsoft’s LinkedIn social network. This also indicates a strong uptick in advertisers’ activity leaving the pandemic woes behind.
In 2021, General Electric hopes to see the recovery of its aviation unit that dropped 41% from a year earlier as a result of the pandemic.
Experts believe that Snap acquired Ariel because the AI company is “focused on on-drive 3D mesh building in a snappy and battery efficient way with a use case in AR.”
GameStop shares have managed to scoop 470%, 265%, and 116.31% in the past three months, one month, and five days respectively.
Moderna’s top-executives have assured that the vaccine would be effective to a certain degree on the new mutations. However, they are willing to see more results under different conditions. Moderna has received a positive review from field experts as well!
Virgin Galactic stock has climbed more than 106% over the past year. These days, the stock is also in the green.
ON24 noted that it has applied for listing on the New York Stock Exchange where it is set to trade under the ticker symbol ‘ONTF’.
According to the recent survey report, 59% of the respondents believe that Zoom stock will hit $500 again by 2022.
Wall Street investors are optimistic about the results that big tech companies will announce ahead this week. Since all indices are currently at their all-time highs, investors are maintaining caution.
Kimberly-Clark’s full-year 2020 net sales came up at $19.1 billion, showing a 4 percent increase, with organic sales up 6 percent. The organic sales for the fourth quarter grew by 5 percent.
Referring to the increasing demand for the iPhone, Dan Ives said Apple could have sold about 90 million iPhones by the December quarter.