Tag: Investment

AMC, GameStop Remain ‘Dangerously Overvalued’ a Year After Meme Stock Frenzy: Analyst

One year has passed since the rise of “meme stocks” that included triple-digit increases in the prices of GameStop Corp. and AMC Entertainment Holdings Inc. While both stocks have come down from peaks in 2021, there could be more room to fall, according to a new report. What Happened In January 2021, one of the…


Democratizing Access to Capital With Benzinga’s 2022 Alternative Investment Listmakers

Equity crowdfunding platform Wefunder was among the the companies featured at Benzinga’s “2022 Alternative Investments Listmaker Event.” This year’s Listmakers have made major contributions to the industry either by introducing new alternative investments to the market or by making these investments more accessible for the everyday investor. Wefunder has played a fundamental role in the development of crowdfunding platforms….


Why Are Clearfield Shares Trading Higher Premarket?

Clearfield Inc. reported first-quarter FY22 net sales of 89 percent year-on-year to $51.1 million, beating the consensus of $41.3 million. The increase in net sales was due to higher sales across its core end markets, most notably its Community Broadband and MSO markets. The backlog rose 53 percent Q/Q to record $101 million. The gross margin…


Cathie Wood Nearly Exits Netflix Stake, Also Sells $4 Million Shares in Rival Disney

Cathie Wood-led Ark Investment Management on Thursday nearly shed all of its exposure in Netflix Inc. and also sold shares in rival entertainment giant Walt Disney Co. The popular money managing firm sold 2,171 shares—estimated to be worth $839,525—in Netflix on the day shares of the company closed 7.5 percent higher at $386.7 a share. The…


Apple Stock Bounces Off Key Level, Rallies Higher: What’s Next?

Apple Inc. shares are trading higher Friday after the company announced better-than-expected fiscal first-quarter financial results. Apple reported quarterly earnings of $2.10 per share, beating the $1.88 estimate. The company reported quarterly revenue of $123.9 billion, beating the estimate of $118.28 billion. Apple was up 5.75 percent at $168.38 midday Friday. Apple Daily Chart Analysis Shares…


AVCtechnologies to Divest Computex Tech Business to Calian

American Virtual Cloud Technologies Inc. agreed to sell its Computex Technology Group business to Calian Group Ltd. The financial terms of the transaction remain undisclosed. The proceeds from the sale, along with cash on hand, will likely render AVCtechnologies debt-free and allow long-term value creation for its shareholders. The move will help AVC Technologies transition to…


Robinhood Posts $423 Million Net Loss, Shares Sink After Hours

Commission-free brokerage Robinhood Markets Inc. on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15 percent in after-hours trade even as revenue edged past analysts’ estimates. Robinhood reported a net loss of $423 million or $0.49 per share in the three months ended December. A…


Analysts Lift Seagate Price Target Post Q2 Earnings

Analysts raised their price targets on Seagate Technology Holdings PLC following its Q2 beat and Q3 outlook. Citi analyst Jim Suva raised the price target on Seagate to $105 from $100 and reiterated a Neutral rating on the shares. Seagate continues to create and store value for its shareholders with a 1 percent beat on sales and a 2 percent…


Supersonic Airliner Factory Coming to North Carolina

A Colorado-based aviation company has selected North Carolina for its state-of-the art supersonic airliner manufacturing facility in a venture that seeks to bring faster-than-sound Concorde-type flights back into commercial usage. Boom Supersonic has selected the Piedmont Triad International Airport in Greensboro, N.C. to build the “world’s fastest and most sustainable supersonic airliner,” the Overture, according to…


Comcast Tops Q4 Consensus; Hikes Share Buyback to $10 Billion; Raises Dividend by 8 Percent

Comcast Corp. reported fourth-quarter FY21 revenue growth of 9.5 percent year-on-year to $30.34 billion, beating the consensus of $29.74 billion. Segments Revenue for Cable Communications rose 4.5 percent Y/Y to $16.4 billion, driven by increases in broadband, wireless, business services partially offset by decreases in advertising, video, and voice revenue. Customer Relationships increased by 169,000 to…