Stock trading – Face OVL http://faceovl.com/ Sun, 28 Nov 2021 11:41:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://faceovl.com/wp-content/uploads/2021/07/icon-2021-07-08T143259.742-150x150.png Stock trading – Face OVL http://faceovl.com/ 32 32 Italy funds raid of Juventus offices in player-trade investigation https://faceovl.com/italy-funds-raid-of-juventus-offices-in-player-trade-investigation/ Sat, 27 Nov 2021 22:17:32 +0000 https://faceovl.com/italy-funds-raid-of-juventus-offices-in-player-trade-investigation/ ROME, November 27 (Reuters) – Italian financial police raided the offices of Serie A club Juventus in Turin and Milan, looking for documents relating to the player swaps between 2019 and 2021, a prosecutor has said. Juventus, which is the most successful Italian club with 36 league titles, is listed on the Milan Stock Exchange […]]]>

ROME, November 27 (Reuters) – Italian financial police raided the offices of Serie A club Juventus in Turin and Milan, looking for documents relating to the player swaps between 2019 and 2021, a prosecutor has said.

Juventus, which is the most successful Italian club with 36 league titles, is listed on the Milan Stock Exchange and its main shareholder is Exor.

Turin prosecutor Anna Maria Loreto said in a statement on Friday evening that the investigation was aimed at determining whether senior Juventus officials gave false communications to investors and issued invoices for non-existent transactions.

“Several professional player transfer transactions and the services rendered by certain agents involved in the associated intermediation are under consideration,” said Loreto.

Juventus said on Saturday that the Turin court prosecutor had opened investigations against him.

“The company is cooperating with investigators and with (the Italian securities supervisory body) CONSOB and hopes that it will clarify any aspect of interest to it as it believes it has acted in accordance with the laws and regulations governing the preparation of financial reports. .. “Juve said in a statement.

Exor made no immediate comment when asked by Reuters about the investigation.

In September, Juventus said Italy’s market regulator CONSOB was studying players’ trading income.

Italy’s federal prosecutor last month opened an investigation into a number of transfers of football players to Serie A. (Reporting by Giselda Vagnoni and Sabahatjahan Contractor in Bengaluru; edited by Alexander Smith and Ken Ferris)


Source link

]]>
Asian stock markets collapse as traders watch virus cases in Europe https://faceovl.com/asian-stock-markets-collapse-as-traders-watch-virus-cases-in-europe/ Fri, 26 Nov 2021 18:10:00 +0000 https://faceovl.com/asian-stock-markets-collapse-as-traders-watch-virus-cases-in-europe/ NEW YORK (AP) – Shares close sharply lower on Wall Street on Friday, after a variant of the coronavirus from South Africa appears to be spreading across the world and the European Union has offered to suspend travel by plane from southern Africa. The Dow Jones Industrial Average lost 905 points. The S&P 500 Index […]]]>

NEW YORK (AP) – Shares close sharply lower on Wall Street on Friday, after a variant of the coronavirus from South Africa appears to be spreading across the world and the European Union has offered to suspend travel by plane from southern Africa. The Dow Jones Industrial Average lost 905 points. The S&P 500 Index fell 2.3%, its worst day since September, and the Nasdaq composite also saw its worst drop in two months. Travel and energy documents are among the biggest losers, with Royal Caribbean, Carnival and Norwegian Cruises over 10%. The New York Stock Exchange closes early at 1 p.m. EST.

THIS IS A CURRENT UPDATE. AP’s previous story appears below.

Shares fell sharply on Friday as the Dow Jones Industrial Average briefly fell more than 1,000 points as a new variant of the coronavirus first detected in South Africa appeared to spread across the world. This has added to investor uncertainty over the possibility of reversing months of progress in bringing the COVID-19 pandemic under control.

The S&P 500 was down 2.3%, on its worst day since February. Airlines and other travel stocks sank as health officials in Europe and the UK quickly offered to suspend air travel from southern Africa. The price of oil fell more than 13% amid fears of a further slowdown in the global economy.

Blue chips were down 950 points at midday to 34,857. The Nasdaq Composite was down 2%.

“Investors are likely to shoot first and ask questions later until more is known,” Oanda’s Jeffrey Halley said in a report. This is clear from the action in the bond market, where the yield on the 10-year Treasury bill fell to 1.51% from 1.64% on Wednesday. As a result, the banks suffered some of the heaviest losses. JPMorgan Chase lost 4%.

There have been other variants of the coronavirus – the delta variant has devastated much of the United States throughout the summer – and investors, officials and the general public are nervous about any new variant that spreads. It has been almost two years since COVID-19 emerged, killing more than 5 million people worldwide so far.

Health officials in Europe and the UK were quick to suggest suspending air travel from southern Africa. Meanwhile, cases of the variant have been found in Hong Kong, Belgium and Tel Aviv as well as major South African cities like Johannesburg.

The economic impacts of this variant are already being felt. Flights between South Africa and Europe were under quarantine or were completely closed. Airlines shares were quickly sold, with Delta Air Lines, United Airlines and American Airlines falling more than 10% each.

The VIX, the measure of market volatility, sometimes referred to as the market’s “fear gauge”, is a sign of the fear that Wall Street has become. The VIX jumped 49% to 27.75, its highest value since January before the vaccines began to be widely distributed.

Fearing more blockages and travel bans, investors have shifted money to companies that have profited greatly from previous waves, like Zoom Communications for meetings or Peloton for home exercise equipment. Peloton shares were up 4% while Zoom was up around 9%.

Shares of coronavirus vaccine makers were also among the biggest winners. Pfizer stock rose nearly 5% while Moderna stock jumped 23%.

Merck shares, however, fell 4%. While U.S. health officials have said Merck’s experimental treatment for COVID-19 is effective, data has shown the pill is not as effective in keeping patients out of hospital as it is. originally thought in the data.

Investors fear that the supply chain problems that have plagued global markets for months are getting worse. Ports and freight stations are vulnerable and could be closed by further localized epidemics.

“Supply chains are already stretched,” said Neil Shearing, economist at Capital Economics in London. “A new, more dangerous wave of the virus could cause some workers to temporarily leave the workforce and deter others from returning, thus exacerbating current labor shortages.”

The variant also puts more pressure on central banks, which already face a difficult dilemma of whether and when to raise interest rates to fight rising inflation. “The threat of a new, more serious variant of the virus may be a reason for central banks to postpone interest rate hike plans until the situation becomes clearer,” Shearing said.

Trading in stocks on the Friday after Thanksgiving is typically the slowest day of the year, with the market closing at 1 p.m. EST. Light trading could exacerbate Friday’s losses with fewer buyers and sellers.

___

Wiseman reported from Washington.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


Source link

]]>
Opinion: Longeveron is the shortcut Reddit Apes can thank for this year https://faceovl.com/opinion-longeveron-is-the-shortcut-reddit-apes-can-thank-for-this-year/ Wed, 24 Nov 2021 23:20:00 +0000 https://faceovl.com/opinion-longeveron-is-the-shortcut-reddit-apes-can-thank-for-this-year/ Short sellers really should have thought twice before betting huge against a company literally named Longeveron LGVN, + 145.64%. Retail investors struck again, executing another short squeeze of a relatively anonymous stock, pushing Longeveron shares another 145.6% on Wednesday to take its five-day gain to over 1,000% as interest in Short term for the stock […]]]>

Short sellers really should have thought twice before betting huge against a company literally named Longeveron LGVN,
+ 145.64%.

Retail investors struck again, executing another short squeeze of a relatively anonymous stock, pushing Longeveron shares another 145.6% on Wednesday to take its five-day gain to over 1,000% as interest in Short term for the stock fell, indicating that short sales were hedging after coming out of the air on Wednesday.

A day after the sale, interest was at nearly 120% of the free float, according to Ortex data, a statistic that has baffled and angered many retail investors who are still willing to grapple with the funds. speculative uncovered which they so publicly despise. , the percentage had shifted to around 80%.

As some retail investors appeared on Tuesday ready to take profits and start cooking their turkey dinner, letting the stock drop nearly 40% on the day too big to hold up on Wednesday with high short-term interest and stocks fell. trader at a meme-stock “discount”.

“If everyone can hold on, it can be triple digits,” Reddit useritz_pancheetz posted at noon Wednesday, with the stock hovering around $ 30. “With hedge funds covering and people holding. “

The user even compared Longeveron’s short interest to that of GameStop GME,
-0.99%,
the biggest of the memes stock short-squeeze dragons that many retail investors are still chasing under other names while hoping the big MoASS will finally come for the video game retailer.

It wasn’t Wednesday, however. GameStop shares fell nearly 1% on the day.

Either way, Reddit’s Longeveron-lovin ‘Apes are happily heading into the Thanksgiving holiday reveling in a huge bounce and short-term interest dropping nearly 40% a day thanks to another signal that institutional short sellers cannot rest easy while monkeys roam data platforms.

But, for now, as one Twitter user so kindly suggested, it’s time for everyone in memes country to just take a day to thank each other.

MDR. They’re just taking a break and will be ready to pick it up for a few hours on Friday’s shortened trading day.


Source link

]]>
Equity Investing and Synchronization, Jeff Hirsch, Almanac of Stock Traders https://faceovl.com/equity-investing-and-synchronization-jeff-hirsch-almanac-of-stock-traders/ Tue, 23 Nov 2021 10:00:14 +0000 https://faceovl.com/equity-investing-and-synchronization-jeff-hirsch-almanac-of-stock-traders/ Jeffrey Hirsch publishes Stock Trader’s Almanac, known for its simple and timed trades. He says that in 2022-2023, investors can use an electoral trade that has returned 47% on average. He also explained the evolution of his father Yale Hirsch’s “Best Six Months” strategy. Beware of flyers, street signs and endless TV commercials – next […]]]>
  • Jeffrey Hirsch publishes Stock Trader’s Almanac, known for its simple and timed trades.
  • He says that in 2022-2023, investors can use an electoral trade that has returned 47% on average.
  • He also explained the evolution of his father Yale Hirsch’s “Best Six Months” strategy.

Beware of flyers, street signs and endless TV commercials – next year will be another election year in the United States.

It can mean annoyance and stress for some – okay, for many – but it also offers significant opportunities for investors.

The Stock Trader’s Almanac has focused on election-related trading trends for over 50 years. It was founded by Yale Hirsch, who is credited with the term “Santa Claus Rally“to describe how the stock market often rises at the end of the year.

Hirsch, who passed away earlier this month, has also observed seasonal trends in the performance of stocks and developed trading strategies around them. His son, Jeffrey Hirsch, the current publisher of the almanac and its related markets newsletter, recently spoke to Insider about these trends and what they mean as we approach midterm.

Hirsch explains that major U.S. indexes tend to hit lows in midterm election years, like 2022, and then make big rallies that drag into the following year.

“The ongoing chatter and political battles have created this weak spot, we call it the gatherer paradise downstairs, the mid-year year,” he said. “This is where this movement takes place.”

Low points often occur in the second or third quarter of election years, although he says they can occur at any time. Hirsch tracks them with a momentum indicator called the Moving Average Convergence Divergence, or MACD, a popular indicator that measures the relationships between closing prices. This can help traders find times when a stock or index has gone down but momentum is still positive, meaning it should rebound soon.

Using this method to track one of the major indices has historically been a very profitable transaction. Since 1915, using a MACD signal to buy the Dow Jones Industrial Average at its mid-point low and selling at its pre-election year high would have yielded an average return of 47%. Its weakest performance, from a mid-term low to a high in a pre-election year, was a 14% gain in the 1940s.

More recently, using a MACD signal to track the venerable index would have helped investors gain 31% between the index’s December 2018 low and its next high in December 2019. Using a MACD signal has generated 70% gains over a similar period on several occasions. in the past.

Hirsch adds that the new Nasdaq composite fared even better, averaging 70% from the mid-year low of the year to the pre-election year high.

The elder Hirsch was also known to have developed the “best six month change strategy” in the 1980s. Sometimes summed up with the old market saying “Sell in May and go” – a description Jeffrey Hirsch rejects – it is based on the observation that since the mid-20th century the Dow Jones has made big gains between November and April and delivered much lower returns the rest of the year.

He recommended a strategy of buying a simple fund taking up the Dow or S&P 500 before those good times and going for a core bond fund for the weaker times. Jeffrey Hirsch adds that the Nasdaq and the Russell 2000 follow slightly different patterns with a “best eight months” period running from November to June.

Investing in the Dow Jones this way every year since 1950 would have turned an initial investment of $ 10,000 into $ 1.2 million by the end of 2020, according to Hirsch’s calculations – which rule out any presumed gains from bond investments.

But he says the MACD indicator improves performance here as well. The almanac says investors can use this signal to buy stocks at the first index of a positive trend in the markets in October or later, and turn to bonds as early as possible in April.

He calculates that applying the strategy in this way would have turned the same $ 10,000 invested in 1950 into $ 3.1 million at the last exit point in 2020. Using the same techniques on the Nasdaq from its first year, 1971, would have turned $ 10,000 into $ 2.9 million. over a shorter period of time.


Source link

]]>
Saudi market tumbles as trade begins after drone attacks https://faceovl.com/saudi-market-tumbles-as-trade-begins-after-drone-attacks/ Sun, 21 Nov 2021 15:16:00 +0000 https://faceovl.com/saudi-market-tumbles-as-trade-begins-after-drone-attacks/ Saudi traders monitor stock information on the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. REUTERS / Ahmed Yosri / File Photo Register now for FREE and unlimited access to reuters.com Register now Nov. 21 (Reuters) – The Saudi stock market fell sharply on Sunday, a day after the Iranian-aligned Houthis of Yemen […]]]>

Saudi traders monitor stock information on the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. REUTERS / Ahmed Yosri / File Photo

Register now for FREE and unlimited access to reuters.com

Nov. 21 (Reuters) – The Saudi stock market fell sharply on Sunday, a day after the Iranian-aligned Houthis of Yemen said they had fired 14 drones at several Saudi cities, including at Saudi Aramco facilities in Jeddah . Read more

Saudi Arabia’s benchmark index (.TASI) fell 1.6%, with Al Rajhi Bank (1120.SE) falling 2.2% and Saudi Aramco (2222.SE) losing 1.6%.

The oil giant was also under pressure after India’s Reliance Industries Ltd (RELI.NS) announced on Friday that it agreed with the Saudi company to reassess Aramco’s proposed investment of around $ 15 billion in the oil business. Reliance chemicals (O2C). Read more

Register now for FREE and unlimited access to reuters.com

The sale of the 20% stake in the unit was announced in 2019, but was delayed as oil prices and demand collapsed last year due to the pandemic.

The Abu Dhabi index (.ADI) fell 0.2%, hit by a 1% drop from the country’s largest lender, First Abu Dhabi Bank (FAB.AD).

The main Dubai stock index (.DFMGI) gained 0.2%, on course to climb for a sixth session out of seven, logistics company Aramex (ARMX.DU) is betting on 2.4%.

Elsewhere, Amlak Finance (AMLK.DU) jumped 15%, extending its gains for a sixth session.

On Sunday, the Islamic finance company posted a net profit of 887.1 million dirhams ($ 241.55 million) for the third quarter, compared to a loss of 151.4 million dirhams a year ago.

In Qatar, the index (.QSI) was down 0.2%, penalized by a drop of 1.2% of Commercial Bank (COMB.QA).

($ 1 = 3.6726 UAE dirham)

Register now for FREE and unlimited access to reuters.com

Ateeq Shariff report in Bangalore

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
Why Phunware Shares Are Trading Higher Today – PETROHUNTER ENERG (PHUN) https://faceovl.com/why-phunware-shares-are-trading-higher-today-petrohunter-energ-phun/ Fri, 19 Nov 2021 22:47:00 +0000 https://faceovl.com/why-phunware-shares-are-trading-higher-today-petrohunter-energ-phun/ Phunware Inc (NASDAQ: PHUN) is trading higher on Friday after the company announced it will begin trading initial issues of PhunCoin. After the initial distributions, Phunware said it would reserve around 72% of the maximum supply available, which is 100 billion PhunCoin. A PhunCoin is currently valued at $ 0.008. Related Link: Phunware Stock Gains […]]]>

Phunware Inc (NASDAQ: PHUN) is trading higher on Friday after the company announced it will begin trading initial issues of PhunCoin.

After the initial distributions, Phunware said it would reserve around 72% of the maximum supply available, which is 100 billion PhunCoin. A PhunCoin is currently valued at $ 0.008.

Related Link: Phunware Stock Gains As Its Cryptocurrency Aims To Start Trading

“As we work to commercialize a truly decentralized data economy, we are excited to begin creating a market for one of the world’s first regulated cryptocurrencies designed for mainstream adoption,” said Alain Knitowski, co-founder, president and CEO of Phunware.

“PhunCoin is an important first step in ensuring that consumers are not only in control of their data, but are also fairly compensated when their data is purchased by brands,” added Knitowski.

Phunware is an integrated Multiscreen as a Service (MaaS) enterprise software platform for mobile that provides businesses with the products, solutions, data, and services needed to engage, manage and monetize their mobile application audiences.

PHUN price action: Phunware traded for up to $ 24.04 and up to 60 cents over a 52 week period.

The stock closed up 4.8% at $ 3.70.

Photo: Courtesy of Phunware.


Source link

]]>
Sweetgreen Stock debuts on the stock market on Thursday https://faceovl.com/sweetgreen-stock-debuts-on-the-stock-market-on-thursday/ Thu, 18 Nov 2021 15:42:00 +0000 https://faceovl.com/sweetgreen-stock-debuts-on-the-stock-market-on-thursday/ Text size Sweetgreen was scheduled to trade on Thursday. David Paul Morris / Bloomberg Restaurant chain Soft green and daycare operator KinderCare Learning Companies were scheduled to debut on the public stock market on Thursday. Sweetgreen, the restaurant chain known for its salads, will open later Thursday after increasing the size of its initial public […]]]>

Text size


Source link

]]>
Stock futures mostly flat ahead of other retail earnings reports https://faceovl.com/stock-futures-mostly-flat-ahead-of-other-retail-earnings-reports/ Tue, 16 Nov 2021 23:07:49 +0000 https://faceovl.com/stock-futures-mostly-flat-ahead-of-other-retail-earnings-reports/ Stock futures were mostly flat in overnight trading on Tuesday ahead of earnings reports from big box retailers Target and Lowe’s. Futures contracts on the Dow Jones Industrial Average added about 35 points. S&P 500 futures were little changed and Nasdaq 100 futures traded near the flat line. The moves in futures trading come after […]]]>

Stock futures were mostly flat in overnight trading on Tuesday ahead of earnings reports from big box retailers Target and Lowe’s.

Futures contracts on the Dow Jones Industrial Average added about 35 points. S&P 500 futures were little changed and Nasdaq 100 futures traded near the flat line.

The moves in futures trading come after new economic data and corporate earnings signaled that U.S. consumers are increasing spending despite rising prices.

The Dow Jones added 54.77 points, or 0.15%. The S&P 500 gained 0.39% and the Nasdaq Composite rose 0.76%.

Retail sales rose 1.7% in October, the Commerce Department reported on Tuesday, faster than economists expected. The number measures how much consumers spend on goods in a number of categories.

Home Depot’s strong quarterly results also boosted investor sentiment on Tuesday. The home improvement retailer topped the winners on the Dow Jones after its profits beat analyst estimates. Walmart also reported better-than-expected results, although its shares declined.

“US stocks rallied after an impressive retail sales report, strong industrial production data and retail earnings showed the consumer is managing current price increases. Edward Moya, senior market analyst at Oanda, said in a note Tuesday.

Investors expect more retail profits from Target, Lowe’s, TJX, Bath & Body Works and Victoria’s Secret on Wednesday. Other big companies that release their results on Wednesday include Cisco Systems and Nvidia.


Source link

]]>
And after? – DBT news https://faceovl.com/and-after-dbt-news/ https://faceovl.com/and-after-dbt-news/#respond Fri, 12 Nov 2021 10:02:23 +0000 https://faceovl.com/and-after-dbt-news/ NuZee Inc. [NASDAQ: NUZE] The stock followed a bullish trajectory which rose more than 163.18% on Thursday, equivalent to a one-week price increase of more than 161.88%. The company’s report on November 11, 2021 that Cuvée Coffee is expanding to select Walmart stores nationwide with a single-serve filter bag format. The single-serving filter bag format […]]]>

NuZee Inc. [NASDAQ: NUZE] The stock followed a bullish trajectory which rose more than 163.18% on Thursday, equivalent to a one-week price increase of more than 161.88%. The company’s report on November 11, 2021 that Cuvée Coffee is expanding to select Walmart stores nationwide with a single-serve filter bag format.

The single-serving filter bag format is manufactured by NuZee, Inc.


3 tiny actions ready to explode The world’s largest investor, Warren Buffett, has a simple formula for making big money in the markets. He buys valuable goods when they are very cheap. For stock investors, that means buying cheap small cap stocks like these with huge upside potential.

We have implemented an early warning service to help savvy investors take full advantage of small cap stocks designed for big returns.

Click here for full details and to register for free

Sponsored


Cuvée Coffee, a nationally recognized specialty roaster, is pleased to announce its expansion to more than 3,000 Walmart stores nationwide. Starting November 8, customers will have the option to purchase Cuvée Coffee single-serve filter bags produced by its partner manufacturer, NuZee, Inc., a leading co-packaging company for single-serve coffee formats. individual.

Over the past 12 months, NUZE stock has fallen by -54.36%.

The stock’s market capitalization reached $ 91.09 million, with 17.82 million shares outstanding and 11.50 million shares in the current float. Compared to the average trading volume of 63.40,000 shares, the NUZE share reached a trading volume of 108,838,182 in the last day of trading, which is why market watchdogs consider the share is activated.

Guru’s Opinion on NuZee Inc. [NUZE]:

The Average True Range (ATR) for NuZee Inc. is set at 0.49, with the price-to-sell ratio for the NUZE share over the past 12 months being 53.58. The Price to Book ratio for the last quarter was 6.70, with the Price to Cash per share for the same quarter was set at 0.74.

Analysis of the performance of NUZE shares:

NuZee Inc. [NUZE] gaining in the green zone at the end of last week, gaining in a positive trend and gaining 161.88. With this latest performance, NUZE shares have gained 167.17% over the past four weeks, on top of 89.27% ​​over the past 6 months – not to mention a drop of -54.36% over the past four weeks. the last year of negotiation.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result above 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent neutral market dynamics. The current RSI for NUZE stock for the last two-week period is set at 90.61, with the RSI for the last single on the trade reaching 93.67, and the three-week RSI is set at 86.77 for NuZee. Inc. [NUZE]. The current moving average for the last 50 trading days for this stock is 2.29, while it was recorded at 2.68 for the last week of trading and 3.57 for the last 200 days.

Overview of the fundamentals of NuZee Inc .:

The operating margin of any stock indicates how profitable the investment would be, and NuZee Inc. [NUZE] The stocks currently have an operating margin of -665.16 and a gross margin of -17.03. NuZee Inc.’s net margin is currently recorded at -675.42.

The total ROI for NUZE is now -160.36, considering the latest dynamic, and the ROI for the company is -170.92. The return on equity for this stock fell to -182.22, while the return on assets was -141.18. Regarding the capital structure of this company, NuZee Inc. [NUZE] has a ratio of total debt to total equity set at 13.65. In addition, the ratio of total debt to total capital of NUZE is recorded at 12.01, with the ratio of total debt to total assets of 10.67. Long-term debt to equity of the company is recorded at 8.31, with long-term debt to total capital now at 7.31.

Reflecting on the efficiency of the company’s workforce, NuZee Inc. [NUZE] managed to generate an average of – $ 557,476 per employee. The company’s receivables revenue is 3.81 with total asset revenue recorded at a value of 0.21. Equally interesting and compelling is the liquidity data from NuZee Inc., with a quick ratio of 15.10 and a current ratio set at 15.60.

>> 7 top choices for the post-pandemic economy

NuZee Inc. [NUZE] Insider Position Details

There is currently approximately $ 5 million, or 5.60% of NUZE shares, in the hands of institutional investors. The top three institutional holders of NUZE shares are: SABBY MANAGEMENT, LLC with ownership of 660,044, which represents approximately -31.612% of the market capitalization of the company and approximately 35.44% of the total institutional ownership; VANGUARD GROUP INC, holding 241,861 shares with an approximate value of $ 1.28 million in NUZE shares; and GOLDMAN SACHS GROUP INC, with currently $ 0.27 million of NUZE shares and almost New ownership of the company’s market capitalization.

6 institutional holders increased their position in NuZee Inc. [NASDAQ:NUZE] of approximately 132,793 shares. In addition, 6 investors reduced their positions by approximately 406,116 shares, while 0 investors held positions of approximately 500,018 shares. The mentioned changes put institutional holdings at 1,038,927 shares, according to the latest report filed with the SEC. NUZE shares made 4 new institutional investments for a total of 103,344 shares, while 4 institutional investors sold positions of 100,393 shares during the same period.


Source link

]]>
https://faceovl.com/and-after-dbt-news/feed/ 0
Rivian Automotive stock soars on debut, biggest IPO of the year https://faceovl.com/rivian-automotive-stock-soars-on-debut-biggest-ipo-of-the-year/ https://faceovl.com/rivian-automotive-stock-soars-on-debut-biggest-ipo-of-the-year/#respond Wed, 10 Nov 2021 18:08:00 +0000 https://faceovl.com/rivian-automotive-stock-soars-on-debut-biggest-ipo-of-the-year/ Rivian Automotive Inc. went public with a bang on Wednesday, in the largest initial public offering of the year and the seventh largest IPO in the United States in terms of offering size in almost 30 years. Rivien RIVN, + 49.55% valued its initial public offering on Tuesday night at $ 78, well above its […]]]>

Rivian Automotive Inc. went public with a bang on Wednesday, in the largest initial public offering of the year and the seventh largest IPO in the United States in terms of offering size in almost 30 years.

Rivien RIVN,
+ 49.55%
valued its initial public offering on Tuesday night at $ 78, well above its expected range of $ 72 to $ 74 per share, from an earlier range of $ 57 to $ 62 per share. Rivian also increased the size of the offering to 153 million shares, from 135 million. The company raised $ 11.9 billion.

See also: 5 things to know about Rivian

The share’s first trade was $ 106.75 at 1:00 p.m. EST for 10.3 million shares, or 36.9% above the IPO price. It has extended its gains since then, recently trading up 38.5% to $ 108.00.

Rivian, which has big funders such as Amazon.com Inc. AMZN,
-0.91%,
Ford Motor Co. F,
-2.09%,
and T. Rowe Price TROW,
-2.95%
fund, hopes to carve out a niche by offering all-electric pickup trucks and SUVs, the type of vehicles that U.S. residents have favored for decades.

Related: More and more electric vans are entering the market. Who will buy them?

The automaker began selling a limited number of its R1T, a two-row, five-seat pickup truck, in September. It plans to launch an SUV, the R1S, in December. Wider sales of the truck and SUV are expected to start in December and January. Rivian markets its vehicles as “electric adventure vehicles” with prices starting at $ 70,000.

Rivian also plans to make electric delivery vans for Amazon and have its own charging network.

One of the biggest hurdles for Rivian to overcome is the price of its vehicles, said Jessica Caldwell, analyst at Edmunds. In a recent test, the electric van mostly performed as stated, she said.

It also has the advantage of being the first to hit the market, with Ford planning to launch the electric version of its iconic F-150 next year and the Tesla Inc. TSLA,
+ 3.47%
Cybertruck will go into production next year and reach volume production by 2023.

But “the long-term volume expectations for a mid-size truck of $ 70,000 and over are not that high,” Caldwell said.

It will be difficult for Rivian to compete with the bigger and cheaper Ford F-150 Lightning when it becomes available, and the competition will become fiercer as General Motors Co. GM,
+ 2.52%
is also expected to unveil its all-electric Silverado at CES next year, she said.


Source link

]]>
https://faceovl.com/rivian-automotive-stock-soars-on-debut-biggest-ipo-of-the-year/feed/ 0