Digital Turbine Retreats
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Digital Turbine sold off hard Friday, tumbling through its 50-day line. This is a risk with beaten-down growth names. And it had run up a lot from the bottom.
Digital Turbine (NASDAQ: APPS) shares rose 12.3% in June, according to data provided by S&P Global Market Intelligence, closing out a volatile month. Following the company's earnings announcement on June 1, the stock swung back and forth dramatically despite no additional news being published. Digital Turbine's beta is high at 2.36, so volatility is par for the course.
(Bloomberg) -- Some stocks do really well following initial public offering debuts. But a 700% jump goes beyond “well” -- it’s off the charts.Pop Culture Group Co. is the latest outlier and quickly becoming a potential example of stock market exuberance. The China-based hip-hop promoter went public on Wednesday at $6 per share and a market value of about $140 million. Fast forward to Friday, the stock is up roughly 790% and the company’s market value swells to $1.27 billion after that rally.It b
A father of a transgender girl designed a swimwear line for trans girls when he noticed his daughter struggling to find swimsuits. Toronto dad Jamie Alexander (@rubiesdad) put his entrepreneurial skills to use and designed a product... that would help transgender adolescents feel more confident and comfortable . His new swimwear line is called Rubies, after his daughter. Ruby and her father were nervous about Ruby’s swimsuits because they may give Ruby away as trans, . and they didn’t know how supportive the people would be outside of their community. Jamie’s mission to support trans girls resonates in Rubies’ slogan: “Every girl deserves to shine”
Bobby Bonilla should be a role model for working stiffs everywhere. The retired baseball star gets a $1.2 million kiss in the mail from the Mets every year on July 1, thanks to some shrewd negotiating and salary deferral when they let him go more than 20 years ago. The Mets wanted to buy him out of his contract in the final year in 2000.
The opportunities in Europe for investors are in hotels, car-rental companies, and airport operators that boasted strong prepandemic business models.
Nvidia Corp's proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp unit becoming a standalone public company once again, Arm's chief executive said on Friday. "We contemplated an IPO but determined that the pressure to deliver short-term revenue growth and profitability would suffocate our ability to invest, expand, move fast and innovate," Arm CEO Simon Segars wrote in a blog post https://www.arm.com/blogs/blueprint/arm-nvidia. "Combining with Nvidia will give us the scale, resources and agility needed to maximize the opportunities ahead," Segars wrote.
Newly issued warrants from (HTZZ) appear inexpensive based on the stock price of the reorganized rental-car company and look like a cheaper play. The 30-year Hertz warrants (ticker: HTZZW) were trading at $11.75, down 20 cents on Friday, while new Hertz stock (HTZZ) was off 99 cents, at $26, in midday trading Friday. The warrants and new stock in Hertz began trading over the counter Thursday after the rental-car company exited bankruptcy on Wednesday.
Verizon Communications Inc (NYSE: VZ) promised low-cost wireless service for three years to the federal regulators in exchange for the acquisition approval for TracFone, the Wall Street Journal reports. It has also agreed to offer 5G service to Lifeline customers within six months of the acquisition deal’s closing. Lifeline is a federal grant for low-income phone users. The Communications Workers of America union and other public-interest groups have disparaged the proposed merger partners for n
Former Trump campaign spokesman and aide Jason Miller has launched a new Twitter-like social media platform called "Getter," but not without encountering some issues. It's unclear if former President Trump will use the site to connect with his base. CBS News tech reporter Dan Patterson joins "CBSN AM" with details.
For years, the Trump Organization's CFO got free cars, a luxury apartment and even walking-around money he paid no tax on. Wouldn't it be nice.
In this article, we discuss the 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. If you want to skip our detailed analysis of these SPACs, go directly to the 5 Best SPACs to Buy According to David Einhorn’s Greenlight Capital. Last year, initial public offerings (IPOs) facilitated by special purpose acquisition companies […]
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