Category: valuation

Apple Inching Toward $3 Trillion Market Capitalization

December 14, 2021
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The world’s most valuable company is on the cusp of achieving another milestone as it inches towards a $3 trillion market capitalization after a surge in growth since 2019 saw the share price increase more than 370 percent. Apple is currently trading around $175 after closely approaching the $182.86 mark needed to achieve the $3…

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Apple Inches Closer to $3 Trillion Market Cap

December 9, 2021
Apple IncBusiness & EconomyCompaniesmarket capitalizationMarketsvaluation
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Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world’s fifth-largest economy after Germany, just over a year after breaching the $2 trillion mark. Shares of Apple were up 1.6 percent at $174. They need to trade at $182.85 to hit the…

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GM Undergoing Re-rating With Electric-Vehicle Foray in Mind: Wedbush Reiterates Bullish Thesis

November 15, 2021
Business & EconomyCompaniesGMInvestmentMarketsvaluation
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General Motors Co.’s vertical integration capabilities and the conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for the legacy automaker, according to Wedbush Securities. The GM Analyst Wedbush analyst Daniel Ives maintained an “Outperform” rating on General Motors with a price target of $85 per share….

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Bitcoin Plummets as Doubts Grow Over Sky-High Valuation

February 23, 2021
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LONDON/SINGAPORE—Bitcoin plummeted as much as 17 percent on Tuesday as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and sparking a sell-off across cryptocurrency markets. The world’s biggest cryptocurrency was facing its biggest daily drop in a month, falling to as low as $45,000. In choppy trading, it was last down…

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