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- OhwaikinOhwaikin
  ·2021-07-19
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  Why SGOCO Group Stock Skyrocketed in premarket trading
  The Chinese fintech company is back in compliance with the Nasdaq's listing requirements, giving tra
  Why SGOCO Group Stock Skyrocketed in premarket trading
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- OhwaikinOhwaikin
  ·2021-07-19
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  Robinhood aims for up to $35 bln valuation in U.S. IPO
  July 19 (Reuters) - Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S.
  Robinhood aims for up to $35 bln valuation in U.S. IPO
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SGOCO has experienced extreme volatility in recent days as retail day traders have been piling into the Chinesefintech company, which was a penny stock not long ago.</p>\n<p><img src=\"https://static.tigerbbs.com/148ff58ca5247f7c2422c5c65b337c5d\" tg-width=\"643\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p>\n<p><b>So what</b></p>\n<p>The Nasdaq exchange had warned SGOCO in May that it was out of compliance with its periodic filings, a crucial listing requirement that ensures that companies are providing investors with current information. The company had attributed the delay to difficulty in obtaining and compiling information.</p>\n<p>In a regulatory filing with the Securities and Exchange Commission that was submitted yesterday evening, SGOCO confirmed that it has now regained compliance with the requirement after filing its Form 20-F for 2020 with the SEC. That form is comparable to an annual report Form 10-K but is used for foreign companies that are headquartered outside the U.S.</p>\n<p><b>Now what</b></p>\n<p>SGOCO's annual report shows that revenue in 2020 declined to $4.3 million, worse than the $5.1 million in sales that it expected to report. That resulted in an operating loss of $67.3 million, which was primarily due to a goodwill impairment. The company's net loss last year was $67.9 million, or $0.69 per share.</p>\n<p>But many volatile meme stocks have become detached from their companies' underlying fundamental performance, and traders probably aren't particularly concerned about the red ink. SGOCO now boasts a market cap of over $1.5 billion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why SGOCO Group Stock Skyrocketed in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy SGOCO Group Stock Skyrocketed in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 16:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/14/why-sgoco-group-stock-skyrocketed-on-wednesday/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese fintech company is back in compliance with the Nasdaq's listing requirements, giving traders a reason to cheer.\n\nWhat happened\nShares of SGOCO Group(NASDAQ:$(SGOC)$) have skyrocketed in ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/14/why-sgoco-group-stock-skyrocketed-on-wednesday/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/07/14/why-sgoco-group-stock-skyrocketed-on-wednesday/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197843288","content_text":"The Chinese fintech company is back in compliance with the Nasdaq's listing requirements, giving traders a reason to cheer.\n\nWhat happened\nShares of SGOCO Group(NASDAQ:$(SGOC)$) have skyrocketed in premarket trading by a whopping 2% as of 04:09 a.m. EDT, after the company said it had regained compliance with the Nasdaq stock exchange. SGOCO has experienced extreme volatility in recent days as retail day traders have been piling into the Chinesefintech company, which was a penny stock not long ago.\n\nSo what\nThe Nasdaq exchange had warned SGOCO in May that it was out of compliance with its periodic filings, a crucial listing requirement that ensures that companies are providing investors with current information. The company had attributed the delay to difficulty in obtaining and compiling information.\nIn a regulatory filing with the Securities and Exchange Commission that was submitted yesterday evening, SGOCO confirmed that it has now regained compliance with the requirement after filing its Form 20-F for 2020 with the SEC. That form is comparable to an annual report Form 10-K but is used for foreign companies that are headquartered outside the U.S.\nNow what\nSGOCO's annual report shows that revenue in 2020 declined to $4.3 million, worse than the $5.1 million in sales that it expected to report. That resulted in an operating loss of $67.3 million, which was primarily due to a goodwill impairment. The company's net loss last year was $67.9 million, or $0.69 per share.\nBut many volatile meme stocks have become detached from their companies' underlying fundamental performance, and traders probably aren't particularly concerned about the red ink. SGOCO now boasts a market cap of over $1.5 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171009113,"gmtCreate":1626692617832,"gmtModify":1703763429049,"author":{"id":"3578109291317616","authorId":"3578109291317616","name":"Ohwaikin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578109291317616","authorIdStr":"3578109291317616"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171009113","repostId":"2152630148","repostType":4,"repost":{"id":"2152630148","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626692035,"share":"https://ttm.financial/m/news/2152630148?lang=&edition=fundamental","pubTime":"2021-07-19 18:53","market":"us","language":"en","title":"Robinhood aims for up to $35 bln valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2152630148","media":"Reuters","summary":"July 19 (Reuters) - Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S. ","content":"<p>July 19 (Reuters) - Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S. stock market listing, the online brokerage, which was at the center of a retail-trading frenzy that gripped Wall Street this year, revealed in a filing on Monday.</p>\n<p>(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood aims for up to $35 bln valuation in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood aims for up to $35 bln valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-19 18:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 19 (Reuters) - Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S. stock market listing, the online brokerage, which was at the center of a retail-trading frenzy that gripped Wall Street this year, revealed in a filing on Monday.</p>\n<p>(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152630148","content_text":"July 19 (Reuters) - Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S. stock market listing, the online brokerage, which was at the center of a retail-trading frenzy that gripped Wall Street this year, revealed in a filing on Monday.\n(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila)","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}