Description
Added on the 19/08/2016 23:26:20 - Copyright : Reuters EN
Tiffany Wood has been an active 'super user' seller on Poshmark since 2015, and her loyalty has truly paid off. According to Business Insider, Wood now has a $12,000 nest egg because she bought stock in the company's initial public offering. In a leaked email, Poshmark let super users know the company had reserved 330,000 shares that they, and their friends and family, could purchase. The max buy was 150 shares. Wood bought 149 shares at $42 a share--the initial share price. On day one, her stock went up to a value of $14,378. By the market's close on Friday, shares were trading at $83.20. Wood's stake is still worth $12,397 with a healthy profit of $6,139. And she's thrilled!
According to Markets Insider, stocks on Wall Street began the new week with mixed results. On June 3rd, two of the top three markets on the New York Stock Exchange opened the day trading lower. The Nasdaq Composite led losses during morning trading, falling over 120-points by the afternoon. On the day, the Nasdaq is down 1.7-percent, while the S&P 500 shed two-tenths of a percent for 5-points of losses. The Dow Jones Industrial Average added about 20-points during the morning, but the market is about flat on the day.
Wall Street notched its fifth straight day of losses on weakness in banks amid fears of a global economic slowdown. Bobbi Rebell reports.
|
Support : Technical 
- Content 
- Editors 
