FTX 2.0: New York-Based Investment Firm in Talks with Potential Buyers of Defunct Exchange
FTX may yet have a chance to establish itself as a force to reckon with in the crypto space.
Jefferies Analyst Believes Coinbase to Benefit from FTX Fallout, COIN Stock Up 15%
Jefferies wrote that Coinbase would be “acutely pressured in the near term” as retail customers withdraw from crypto after the FTX crumble.
NFLX Stock Tanks Following Jefferies Downgrade as Netflix Shifts Focus to Video Games
By
Darya Rudz
According to Jefferies, Netflix stock is now rating as hold, not buy. Besides, the company set a new price target for $415.00 expecting Netflix shares to rise by up to 7.19% within the next 12 months.
SoFi Stock Soars After Jefferies Analyst Issues Buy Rating at $25 Price Target
Taking a peek into the social finance (SoFi) product suite will give a perfect reason why the Jefferies analyst is bullish on the stock.
Tesla Valuation Crosses $400 Billion as Other Electric Vehicle Makers Record Gains
By
Tolu Ajiboye
Electric vehicle stocks are climbing consistently, with Tesla hitting a market cap over $400 billion, which also increased Elon Musk’s net worth.
Lidar Startup Luminar Going Public through Reverse Merger
Luminar, a Florida-based startup that makes LIDAR sensors and other components essential for autonomous driving technology, is the latest transportation company to go public via a “reverse merger” with a special acquisition company, or SPAC.
CureVac Announces Proposed U.S. IPO of Common Shares to Raise $245M
CureVac B.V., a Dutch biopharmaceutical company, filed for an initial public offering on Friday, with plans to list on Nasdaq under the ticker “CVAC.” The company intends to sell over 13 million common shares at around $14 and $16 per share.
BigCommerce Increases IPO Price Range to $21-23 per Share, Plans to Raise Nearly $200 Million
By
Tolu Ajiboye
BigCommerce hopes to raise almost $200 million from its IPO, announcing a new price range that will be between $21 and $23 per share.
Chinese Social Media Giant Tencent Surpassed Facebook Valuation by Over $12 Billion
By
Tolu Ajiboye
With an increase of 43% in 2020, Tencent has added $197.74 billion to its market value on Tuesday, pushing its market cap higher than that of Facebook.
Nasdaq Up 2.5%, S&P 500 Recovers 2020 Loses, Amazon Leads Tech Sector Monday Market Rally
The tech sector continues to drive market optimism despite the rising COVID-19 cases. Amazon has been the biggest beneficiary of government lockdown as the platform’s consumer spending has surged 60% year-over-year since the end of April 2020.
MRNA Stock Rose 15% Yesterday, Moderna Set to Join Nasdaq 100 Index Next Week
Moderna (MRNA) stock rose 15% yesterday and today in the pre-market it is 5% up. It has become known that starting from July, 20 Moderna will be included in the Nasdaq 100 index.
U.S. Stock Market Starts Q3 2020 on Positive Note on Optimistic Economic Data
The stock market continues to stay hopeful with new developments in COVID-19 drug vaccines and strong U.S. manufacturing activity for the month of June.
Tesla (TSLA) Stock Again Above 1,000 after Jefferies Boosts Target to $1,200
Tesla (TSLA) stock surpassed $1,000 recently bringing CEO Elon Musk closer to a hefty payout. Jefferies increased the price target for TSLA to $1,200.
Bankrupt Hertz Sells Up to $500M in Common Stock but Expects Its Shares to Be ‘Worthless’
By
Darya Rudz
To sell the shares, Hertz has entered into an Open Market Sale Agreement, or sales agreement, with Jefferies LLC. In the pre-market today, Hertz (HTZ) stock is 9.52% up, $2.07 per share.
Tesla (TSLA) Stock Went Up 9% Yesterday and Added 60% in a Week after Stock Upgrades
By
Andy Watson
Yesterday, Tesla (TSLA) stock jumped 9.05%. The company is firmly on the seven-day winning streak, ending the session at a nearly six-week high.