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Added on the 09/05/2019 16:43:01 - Copyright : Wochit
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!
Barcelona, ??Jun 25 (EFE).- The Mobile World Congress (MWC) in Barcelona kicks off next Monday with an average occupancy of 45% in 4 and 5-star hotels and with rooms at half price, far from the large figures of other editions, despite what the sector celebrates the international projection that the event will mean for the city.FOOTAGE OF THE TWO HOTELS NEAR THE FIRA.
California biotech company Vaxart is under federal investigation and is being sued by a number of investors. According to CNN, Vaxart was served with a grand jury subpoena in July from the US District Court for the Northern District of California. It's under fire for exaggerating its involvement in the US government's Operation Warp Speed program for developing COVID-19 vaccines and treatments. Vaxart issued a June press release saying 'Vaxart's Covid-19 Vaccine Selected for the US Government's Operation Warp Speed.' The news pumped Vaxart's stock price from $3 to $17. Hedge fund Armistice Capital, which partly controlled Vaxart, sold its shares, profiting more than $200m. A few weeks before it announced its supposed inclusion in the Operation Warp Speed program, Vaxart granted amendments to its warrants agreements. That allowed Armistice to sell almost all of their stock, which they did once the stock price skyrocketed. In July, the HHS said it had neither entered into a funding agreement nor negotiations with Vaxart.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
As millions of Americans are now working at home, dress shoe sales have plunged by 71%. But one 'ugly' shoe brand is taking a big bite: Crocs. Business Insider reports the maker of the holey, squeaky, plasticky footwear is partnering with celebrities to make Crocs more appealing to the youth market. Business Insider reports earlier this week, rapper Bad Bunny's $60 glow-in-the-dark Crocs sold out mere minutes after launch. Thursday, pop singer Justin Bieber posted on Instagram a pic of two yellow Crocs floating in a swimming pool, with a single word caption: "Soon." Within three hours, the post had been liked more than 670,000 times and sent Crocs' shares soaring by more than 11%, trading at a peak of $47.81.
One Pokemon Go enthusiast smashed into a police car as he was looking down at his mobile phone and and trying to catch Pokemon while driving. Footage captured on an officer's bodycam released by the Baltimore Police Department shows the moment when the young driver collided with a parked police cruiser. Luckily, all three officers were outside of the car at that time and were not injured in the crash.
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