Pictet Asset Management SA lifted its holdings inCoinbase Global, Inc.(NASDAQ:COIN) by 6.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 39,222 shares of the cryptocurrency exchange’s stock after acquiring an additional 2,374 shares during the quarter. Pictet Asset Management SA’s holdings in Coinbase Global were worth $2,529,000 at the end of the most recent quarter.Other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in Coinbase Global by 3,355.6% in the first quarter. Lazard Asset Management LLC now owns 311 shares of the cryptocurrency exchange’s stock worth $59,000 after purchasing an additional 302 shares during the last quarter. BDO Wealth Advi
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Pictet Asset Management SA Raises Stake in COIN
Pictet Asset Management SA Raises Stake in COIN
Palantir Stock Sinks As Market Gains: What You Should Know
$Palantir Technologies Inc.(PLTR)$ alantir Technologies Inc. (PLTR) closed the most recent trading day at $9.68, moving -1.63% from the previous trading session. This change lagged the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq lost 0.06%.Prior to today's trading, shares of the company had lost 3.43% over the past month. This has lagged the Business Services sector's gain of 7.09% and the S&P 500's gain of 5.55% in that time.Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. This is expected to be August 8, 2022. The company is expected to report EPS of $0.03, down 25% from the prior-year quarter. Meanwhile, the Zacks Conse
SOFI Stock Prices May Increase Drastically In The Near Future
In today’s recent session, 3.97 million shares of the SoFi Technologies Inc. (NASDAQ:SOFI) were traded. Most recently the company’s share price was $5.76, and it changed around $0.01 or 0.19% from the last close, which brings the market valuation of the company to $5.36B. SOFI at last check was trading at a discount to its 52-week high of $8.52, offering almost -47.92% off that amount. The share price’s 52-week low was $4.24, which indicates that the recent value has risen by an impressive 26.39% since then. We note from SoFi Technologies Inc.’s average daily trading volume that its 10-day average is 26.87 million shares, with the 3-month average coming to 37.65 million.SoFi Technologies Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10.
iFAST Corporation: Is it a good buy now?
$IFAST CORPORATION LTD.(AIY.SI)$Singapore Stock Market May Extend Tuesday's GainsThe Singapore stock market has moved higher in two of three trading days since the end of the seven-day losing streak in which it had slumped more than 135 points or 4.4 percent. The Straits Times Index now rests just beneath the 3,120-point plateau and it's looking at another green light for Wednesday's trade.The global forecast for the Asian markets is upbeat, with oil, telecom and technology stocks expected to lead the way. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion. iFAST Corporation Ltd.(SGX:AIY) fell 2.89% to $4.03 on TuesdayOver the past year, insiders sold S$533k worth o
iFAST Corporation: Is it a good buy now?
First Republic Bank (NYSE:FRC) Slumps 62%, Bears the Brunt of SIVB Fallout
Story HighlightsShares of First Republic Bank are down about 62% in the pre-market session. The SIVB fallout weighed on FRC stock.The collapse of $SVB Financial Group(SIVB)$ weighed on First Republic Bank’s (NYSE:FRC) stock. Shares of this leading private bank and wealth management company fell about 33% in the last three trading days. Moreover, FRC stock is down another 62% in the pre-market session today.This slump in FRC stock comes despite management’s efforts to reassure investors. Recently, FRC announced that it has strengthened and diversified its financial position. In this regard, the bank secured additional funding from JPMorgan (NYSE:JPM) and the Federal Reserve.The FRC now has a total of more than $70 billion in available and
First Republic Bank (NYSE:FRC) Slumps 62%, Bears the Brunt of SIVB Fallout
Citigroup Analyst: NVDA, AMD, MCHP are Giving Sector a Boost
When it comes to chip stocks, there’s no shortage of possibilities out there. Recently, Citi took a look at the field and discovered that certain stocks called a lot more interest than others, noting that Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD), and Microchip Technology (NASDAQ:MCHP) are helping to give the entire sector a boost.Citigroup analystChristopher Danelyrevealed that there was a lot going on under the hood in this sector. While investor sentiment for the chip market is doing a little better than even, individual names are certainly calling a lot more attention than others. In fact, it looks like a few big names are doing a lot of the heavy lifting in keeping this sector afloat. Danely himself noted that “…there is a lot of FOMO (fear of missing out) out there…” However, he believe
Citigroup Analyst: NVDA, AMD, MCHP are Giving Sector a Boost
$Lucid Group Inc(LCID)$ Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, Lucid Air, is a state-of-the-art luxury sedan with aCalifornia-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Underpinned by race-proven battery technology and proprietary powertrains developed entirely in-house, Lucid Air was named the 2022 MotorTrend Car of the Year®. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid's new factory inCasa Grande, Arizona, are curr
$Senseonics(SENS)$ Anthem (now Elevance Health) is the second largest health insurance company in the U.S. and a leading health company dedicated to improving lives and communities, and making healthcare simpler. Through its affiliated companies, Anthem serves people across 14 states, including more than 45 million within its family of health plans. This most recent coverage decision, in addition to Cigna, Aetna, Humana, HCSC Blue Cross Blue Shield and other health insurance providers, demonstrates broad-based coverage across the United States from the majority of commercial payers, enabling their members to access the benefits of the long-term Eversense CGM System.“Anthem is dedicated to delivering better care to its members and improving the health
$IFAST CORPORATION LTD.(AIY.SI)$ The Singapore stock market has moved higher in two of three trading days since the end of the seven-day losing streak in which it had slumped more than 135 points or 4.4 percent. The Straits Times Index now rests just beneath the 3,120-point plateau and it's looking at another green light for Wednesday's trade.
Snap : Its crash is just an opportunity
$Snap Inc(SNAP)$ A day after the stock tumbled, investors saw a buying opportunity. What‘s happened A day after Snap plunged 43% on a guidance cut, the social media stock was bouncing back as investors seemed to spy an opportunity in the sell-off. As of May 25, 2022 at 5:20 p.m. ET , Shares of Snap Inc. surged 10.71% to $14.16 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.51% to 11,434.74 and the Dow Jones Industrial Average rising 0.60% to 32,120.28. The stock's rise snapped a two-day losing streak. Snap Inc. closed $69.18 below its 52-week high ($83.34), which the company reached on September 24th. The s
Snap : Its crash is just an opportunity
$APPLIED BLOCKCHAIN INC(APLD)$ Applied Blockchain provides crypto mining and co-hosting services. Yesterday, the company announcedit had agreedto provide hosting services to Marathon Digital for five years. Under the deal, Applied Blockchain “will provide comprehensive hosting services for Marathon’s Bitcoin miners at Applied Blockchain’s owned and operated co-hosting datacenters.”Cumulatively, Applied Blockchain will offer Marathon 200 megawatts of Bitcoin mining capacity.
$Pinduoduo Inc.(PDD)$ Duoduo Grocery (Chinese: 多多买菜), the online grocery app of e-commerce platform Pinduoduo; Meituan Select (Chinese: 美团优选) and the now-defunct Chengxin Youxuan (Chinese: 橙心优选) entered the online fresh grocery market around the same time in 2021, waging fierce price wars that prompted regulatory crackdowns.Missfresh has so far raised USD 1.7 billion from a batch of big names, including Tencent Holdings, Goldman Sachs, CICC and Abu Dhabi Capital, according to the data provider Crunchbase. While its competitor, Dingdong Maicai, has also spooned USD 1.3 billion from seven investors including SoftBank Vision Fund II, Gaorong VC, Tiger Global Management and General Atlantic.Nevertheless, the capital boost has also struggled to cover
$Senseonics(SENS)$ GERMANTOWN, Md.--(BUSINESS WIRE)--Senseonics Holdings, Inc. (NYSE American: SENS) a medical technology company focused on the development and manufacturing of long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes, today announced that Anthem is providing coverage for implantable CGM, which includes the Eversense® CGM System. Anthem’s decision will add more than 45 million covered lives for the long-term implantable CGM system to help manage their diabetes. This recent coverage decision adds to the growing number of payers who are writing Eversense into their CGM coverage policies that now benefit approximately 250 million covered lives, as well as paying for the healthcare provider’s time for t
Bank of Canada decided to keep the rate steady until the end of 2023 and start cutting it in 2024. Fed will follow this approach after March 22 with the potential of 0.25% last 2023 increase. Europe is the basket case for obvious reasons and limited American markets influence.Amazon was not profitable for full year 2022 and also traded at a much higher premium in their early days, you’re forgetting amazon has been a public company 20 years longer than shopify.Shopify 2022 revenue increased 21% yoy.Amazon 2022 e-commerce revenue fell 0.3% yoy. A lot of shorts doing their OMG this stock has fallen off the edge of the earth routine…must be good returns ahead. soon SHOP will cross $50 on its way to $60 in May.Glad I bought in. Will hold for 50+very .
4 Top Penny Stocks To Watch With Big Biotech News This Quarter
4 biotech penny stocks to watch right now.As savvy investors know, penny stocks can offer high returns if chosen wisely. These stocks, which trade for less than $5 per share, often represent small companies with high growth potential. But they also carry high risks due to their volatility and low liquidity. This article discusses some of the most activepenny stocksthis week that have released significant updates this quarter.Penny Stocks To WatchArdelyx Inc. (ARDX)One of thehot penny stocks to watchover the last few months was Ardelyx Inc. Share prices have surged from around $0.50 last June to highs of over $4.15 this quarter. The price extension has been powered by Ardelyx and its series of critical milestones. Among these was one that came out right before the start of 2023. Ardelyx rep
4 Top Penny Stocks To Watch With Big Biotech News This Quarter
Redbox Stockholders Approve Merger With Chicken Soup for the Soul Entertainment.
$Redbox Entertainment Inc.(RDBX)$ OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--Redbox Entertainment Inc. (NASDAQ: RDBX) (“Redbox” or the “Company”) announced today that Redbox stockholders approved the merger proposal in connection with the previously announced merger with Chicken Soup for the Soul Entertainment Inc. (NASDAQ: CSSE) (“CSSE”).At the Special Meeting of Redbox stockholders held today, A total of 40,837,113 shares of common stock of Redbox, representing approximately 87.9% of the outstanding shares of Redbox common stock entitled to vote at the special meeting, were present in person or by proxy, and 39,503,634 of the votes cast were voted in favor of the Redbox merger proposal, which votes represented approximately 85.04% of the outstanding
Pinduoduo Shares Gap Down to $49.62
$Pinduoduo Inc.(PDD)$Pinduoduo Inc. (NASDAQ:PDD–Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $49.62, but opened at $47.38. Pinduoduo shares last traded at $48.97, with a volume of 60,430 shares changing hands.Wall Street Analysts Forecast GrowthSeveral analysts have recently commented on PDD shares. Morgan Stanley cut shares of Pinduoduo from an “overweight” rating to an “equal weight” rating and set a $70.00 price target on the stock. in a research note on Monday, July 11th. Citigroup increased their price target on shares of Pinduoduo from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, May 31st. TheStreet raised shares of Pinduoduo from a “d+” rating to a
Pinduoduo Shares Gap Down to $49.62
$OVERSEA-CHINESE BANKING CORP(O39.SI)$ OCBC had announced last year that it would commit S$100,000 to support the implementation of the top five winning projects generated from the programme. Team ReuseOnly expects its total costs for the year, which includes startup and operational expenses, to amount to over S$57,200.
$Walt Disney(DIS)$ Shares of Walt Disney Co.DIS,-4.01%rallied 3.33% to $105.83 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 IndexSPX,-0.81%rising 1.86% to 3,973.75 and the Dow Jones Industrial AverageDJIA,+0.15%rising 1.98% to 31,880.24. The stock's rise snapped a three-day losing streak. Walt Disney Co. closed $81.75 short of its 52-week high ($187.58), which the company achieved on September 9th.
$Pinduoduo Inc.(PDD)$ The stock seems fairly valued at the moment according to my valuation model. It’s trading around 5.96% above my intrinsic value, which means if you buy Pinduoduo today, you’d be paying a relatively fair price for it. And if you believe the company’s true value is $62.25, there’s only an insignificant downside when the price falls to its real value. Is there another opportunity to buy low in the future? Since Pinduoduo’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
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