Kohls (KSS) welcomed a new company leader in February - Thomas Kingsbury. Apparently, the new CEO already likes what he sees at the helm. He (along with other company executives) recently acquired large chunks of company stock. The specific details of Kingsbury’s purchases come out to a total of 229,000 shares. Yesterday alone, though, [...]
It’s been a brutal few years for companies that rely on the chip industry. Automotive and electronics segments have suffered, and it goes without saying that the chipmakers themselves have as well. One such company is Micron Technologies - a Boise, Idaho-based company specializing in the manufacturing of memory & storage chips. But, after [...]
Yesterday, shares of AMC Entertainment (AMC) jumped 20% higher after it was reported that Amazon is interested in acquiring the company. The entertainment company has been through a tumultuous few years since becoming a meme stock during the pandemic, soaring to as high as $37/share at one point. Today, the stock sits at a [...]
Last week Moderna (MRNA) announced a licensing deal with Generation Bio that they hope will allow them to overcome the losses they’re facing now that the COVID-19 pandemic has come and gone. And as a result of this deal, Generation Bio (GBIO) gained 34% in the past week of trading. The partnership will have [...]
Last Tuesday (March 21st) we wrote about the rumors that First Citizens Bank (FCNCA) had thrown its own bid in the mix for the failed Silicon Valley Bank (SVB). And today, those rumors proved true as the US FDIC has announced a deal that will have First Citizens Bank purchase SVB’s deposits and loans [...]
Perion (PERI:Nasdaq) is a global technology innovator headquartered in Holon, Israel. It operates in the digital advertising space across three pillars—ad research, social media and display/video/CTV products and services. The company was founded in 1999, employs 500 individuals, and maintains nine offices in Tel Aviv, Paris, New York, London, Chicago, Boston, Kiev, Barcelona, and [...]
JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly [...]
Ford had climbed nearly 5% in the past week before yesterday's announcement, in which the company admitted that profitability from the EV business is years down the road. This sent shares back down where they came from - and has investors wondering if it’s worth holding on much longer. In Thursday’s statement, CFO John [...]
Block (SQ) shares tanked as much as 20% in Thursday morning’s trading session before bouncing back up to around a 13% loss. This all came as a notorious short seller - Hindenburg Research - finalized its “2-year investigation” into the company and uncovered alarming findings. Hindenburg claims that Block is complicit in criminal activity, [...]
Rumors are circulating that Sony is in talks with Take-Two Interactive Software (TTWO) and hopes to acquire the company. Take-Two is more notably known for the companies it holds underneath it: 2K Games, Rockstar Games, and Visual Concepts. These rumors were first reported by gaming websites like GameCentral and Xfire, and many brushed them [...]
