Clover, Under Armor, Ford, etc.
Clover Health Investments – Shares of healthcare companies jumped about 8% and weekly profits topped 13% as speculative trading on Reddit continued. Mr Clover reported to the Securities and Exchange Commission earlier this week that most of his stock is in the past and could be traded by short sellers in the future, which could be a target. May increase. Short press.
Xpeng – Shares of Chinese electric car makers listed in the United States rose 5% after receiving the green light from the Hong Kong Stock Exchange to go public. IPOs could raise between $ 1 billion and $ 2 billion.
Under Armor – Shares of sportswear companies rose about 3% at noon after investment firm Cowen ranked Under Armor as one of the best ideas. Analyst John Carnan has told clients he is confident Under Armor management could exceed earnings and earnings expectations by taking advantage of recent stock price weaknesses.
MicroStrategy – The share price of business intelligence firm MicroStrategy rose more than 4% on Wednesday as Bitcoin prices above $ 33,400 rose 8%. The company has taken advantage of recent price drops to buy more Bitcoin and now has more than 100,000 units (worth $ 3 billion) of digital currency on its balance sheet.
Coinbase – The share of the cryptocurrency exchange jumped more than 2% at noon in parallel with the rebound in Bitcoin. Coinbase’s business is closely tied to Bitcoin and Ether prices, but it may change as it grows in the future. Cathie Wood of ArkInvest bought 214,718 shares of Coinbase on Tuesday with its flagship fund, the ARK Innovation Fund. This works out to about $ 47.8 million, based on the stock market‘s closing price of $ 222.47 per share.
Winnebago – The RV company has confirmed that its share price has fallen by less than 1%, despite a strong performance Wednesday morning in the third quarter. As the economy continues to recover, stocks of pandemic and thriving outdoor lifestyles are currently dwindling. Similar stocks such as Thor and Brunswick are also in decline.
Ford-Ford’s share increased by more than 3%. Automakers have announced that their Mustang Mach-EGT and Mustang Mach-EGT Performance Edition electric vehicles have exceeded their Environmental Protection Agency estimates. Barclays raised Ford’s price target from $ 15 on Tuesday to $ 17 a share on Tuesday, reiterating its “overweight” rating on automakers.
Western, Devon, Diamondback – Energy stocks on Wednesday rose sharply as European benchmark Brent crude rose above $ 75 a barrel. Occidental Petroleum’s share jumped more than 4%, while Devon Energy and Diamondback Energy rose about 2.9% and 2.6%, respectively.
– CNBC’s Margaret Fitzgerald, Hannamiao, Jesse Pond and Tom Frank contributed to the report
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