Elon Musk sold a large chunk of Tesla Inc. stock for the seventh straight day Tuesday, bringing him nearly halfway to his Twitter promise of selling 10% of his stake in the company. According to filings with the Securities and Exchange Commission, Musk exercised more of his options and sold more than 934,000 shares Tuesday,
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Shares of all-electric pickup truck maker Rivian Automotive (NASDAQ:RIVN) continue to soar on the heels of a spectacular first week. After pricing at $78, RIVN stock now trades at $172 per share — a spectacular 120% gain. Sporting a $152 billion market capitalization, Rivian is the biggest initial public offering (IPO) of the year. It’s also
After months of trading sideways, EV battery maker Quantumscape (NYSE:QS) has seen a big jolt in its share price. Thanks to the passage of the U.S. infrastructure bill, and progress with setting up its manufacturing operations, QS stock is up over 71% in the past month. Source: Michael Vi/Shutterstock.com As this latest run-up wraps up,
The perfect inflation hedge hasn’t been found. That’s unfortunate, since U.S. inflation has taken a big jump, intensifying the search for an investment that will thrive during times of high inflation. A perfect inflation hedge should satisfy two distinct criteria, and no one yet has figured out how to construct an investment vehicle that does
Shares of online mobile multiplayer video game competition platform Skillz (NYSE:SKLZ) stock are finally recovering, gaining 54% in the last month. After an excellent debut, the stock struggled and lost a lot of steam. But if it pulls back a little more, this looks like an excellent video game stock for your portfolio Source: NYCStock
Nearly a quarter of U.S. adults say they log on to Twitter TWTR, +1.34% for everything from news to sports to politics. But very few of those users are there to tweet. Most of the tweets on the social-media platform come from a minority of users, a new pair of reports from Pew Research Center
Progenity (NASDAQ:PROG) is a biotech firm focused on treatments and testing products for a variety of diseases. Historically, PROG stock has been a disappointment. Since its initial public offering (IPO) in 2020, shares dropped from $13 to a low of under $1 per share. Recently, however, Progenity enjoyed a big short squeeze that brought shares
The U.S. Strategic Petroleum Reserve is the world’s largest emergency stockpile of crude oil, but talk of a release from the reserve may be only a short-term fix to high prices of oil and gasoline. “Tapping the SPR will only address the symptoms of what is driving prices higher and cannot solve the tightness in
What was once a blip on the radar that many analysts viewed as a passing fad became one of the most consequential developments on Wall Street. I speak of course of the phenomenon that is meme stocks, loosely defined as publicly traded securities that have an incredible following on various social media platforms. But while
Celltrion Inc.’s shares rallied Monday after the European Commission granted the South Korean biotech firm approval to market its COVID-19 antibody treatment. The European approval of Regdanvimab, marketed by Celltrion as Regkirona in South Korea, drop up the company’s stock price 068270, +9.60% as much as 18% to 251,000 Korean won ($212.72) after the news
Just a year ago, Gamestop (NYSE:GME) was widely considered nothing more than an old-school, brick-and-mortar video-game retailer. As a result, there was not much interest in GME stock. Yet there was a groundswell of support for Gamestop which was growing quietly, on an Internet forum known as Reddit. A sub-forum on that site, r/WallStreetBets, was preparing
Best Tech Gifts 2021: Our Favorite Gadgets Our tech gift guide will tell you the best phones and tablets to buy. But we can also recommend home-fitness systems, wrist cameras, follow-me robots and more, all tested by WSJ’s Personal Tech team. Nov. 14, 2021 at 9:00 a.m. ET by Nicole Nguyen
Dear MarketWatch, I am 49 years old (turning 50 this year) and my wife is 34. We have two young children under the age of 2, and twin girls, age 11, from my prior marriage. College for the twins is fully funded in a 529 plan and I save monthly in 529 plans for my
With cryptocurrencies posting blistering performances recently, those on the sidelines are increasingly tempted to jump in. At the same time, direct exposure to individual blockchain coins and tokens has its own set of risks outside of market volatility. For an alternative, many have turned to crypto miners like Stronghold Digital Mining (NASDAQ:SDIG) stock. Source: Mark
It was recently announced that Swedish electric car maker Polestar Performance AB will be going public via a merger with special purpose acquisition company Gores Guggenheim (NASDAQ:GGPI). The new company will be renamed Polestar Automotive Holding UK and is to be listed on Nasdaq under the ticker symbol “PSNY”. Right now, GGPI stock is pretty
When Elon Musk polled his Twitter followers over the weekend about whether or not he should sell his Tesla stock, it might have seemed like the typical oddball move for the billionaire entrepreneur. But financial professionals said Musk’s tweet was possibly driven by the desire to employ a smart, end-of-year tax strategy. And they note
Earlier this year, trading shares of New York-based virtual content provider fuboTV (NYSE:FUBO) was a risky proposition. The price action of FUBO stock was like a roller-coaster ride, and not ideal for cautious investors. Source: Lori Butcher/ShutterStock.com However, moving into the last two months of 2021, the situation seemed much calmer … until the pain from
Billionaire Elon Musk sold nearly $2 billion in Tesla Inc. stock on Thursday and Friday for a roughly $7 billion total on the week, which happened to be the worst for Tesla stock in more than a year. Filings with the Securities and Exchange Commission made public Friday showed Musk sold more than 600,000 Tesla
First, there was the meme token known as Dogecoin (CCC:DOGE-USD). Then came Shiba Inu (CCC:SHIB-USD), which actually managed to overtake Dogecoin in popularity. Yet, there’s a third canine-themed coin, Floki Inu (CCC:FLOKI-USD), and I don’t recommend dismissing Floki Inu as an also-ran. Source: Wit Olszewski I’ll admit that as an old-school, fundamentals-focused investor, I had difficulty taking any
How many years of lagging stock portfolio returns would you tolerate in order to avoid the bursting of a stock market bubble? That in effect is what Wall Street’s “permabears” are asking. They’ve been bearish on U.S. stocks for a number of years now, and therefore they (and their clients) have missed out on one