Palantir Technologies is trading higher Thursday morning on above-average volume amid increased retail investor interest in the stock on social media.The average session volume is about 42 million over a 100-day period. Palantir's daily trading volume was already approaching 30 million less than an hour into trading Thursday.Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over
Nio files to sell up to $2B worth of shares in at-the-market equity offering
$NIO Inc.$ says it filed to sell up to $2B worth of ADSs through an at-the-market equity offering program.The electric vehicle company entered into an equity distribution agreement with the sales agents relating to the at-the-market offering. Sales of the ADSs under the at-the-market offering will be made from time to time or not at all, at Nio's discretion. Sales may be made at market prices prevailing at the time of sale or at negotiated prices.Nio plans to use the proceeds from the at-the-mar
The global chip shortage reminded the companies that they need to have their own custom chip as it gives them more control over the integration of software and hardware while differentiating them from their competition. Even Apple is affected by TSMC’s announcement of slotting Intel’s orders into the 2022 queue.