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By Kuldip K. Ambastha On the trading day of Friday, February 3, 2023, the stock price of Nordstrom Inc. (JWN), an American retail company, rose by +24.8% per share. One of the biggest and most prominent non-insider shareholders decided to increase his stake in Nordstrom Inc., potentially in advance of a reformist, shareholder activist campaign. …
By Kuldip K. Ambastha On Thursday, September 1, 2022, the stock of Okta, Inc. (OKTA), a technology company providing cloud-based identity management support for businesses, fell in price by -33.7% per share for the trading day. While 2Q2022 results surpassed Wall Street expectations, areas of concern on a going forward basis drove this sharp decline …
By Kuldip K. Ambastha On Wednesday, August 3, 2022, the stock price of SoFi Technologies, Inc. (SOFI), an American online personal finance company, rose by a sharp +28.4% per share for the trading day. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of October 11-15, 2021; By Kuldip …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 1-5, 2022”
By Kuldip K. Ambastha Sprinklr, Inc. (CXM), an American Software-as-a-Service (SaaS) technology company offering a customer experience management platform (CEMP), had its stock price increase by +21.2% for the trading day of Thursday, April 7, 2022. Sprinklr impressed Wall Street with its most recent quarterly and yearly results on several fronts – earnings, sales, revenues, …
Continue reading “What Caught Our Attention in the Investment World? – Week of April 4-8, 2022”
By Kuldip K. Ambastha The stock of GoodRx Holdings, Inc. (GDRX), a digital healthcare platform operator, dropped by -38.9% for the trading day of Tuesday, March 1, 2022. GoodRx was founded in 2011 and went public in 2020 – thus, the company’s stock has a short history of being publicly traded. The stock price dropped …
By Kuldip K. Ambastha Rivian Automotive, Inc. (RIVN), an American electric vehicle and automotive technology company, was founded in 2009 and went public in 2021. The company’s stock has been volatile since going public, delivering many negative and positive return swings from one trading day to the next. Over the course of the past trading …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 22-25, 2022”
By Kuldip K. Ambastha Sea Limited (SE), a technology company based in Singapore with operations in digital entertainment, e-commerce, and digital financial services, was in the news during the past trading week. The stock of Sea Limited had four negative daily returns plus one positive daily return for the trading week, with a -11.4% loss …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 3-7, 2022”
By Kuldip K. Ambastha The stock of Twitter, Inc. (TWTR), a microblogging and social networking technology (tech) platform, delivered negative returns for each day of this past trading week, as the table here shows. On Monday, November 29, 2021, Jack Dorsey announced that he would step down as the Chief Executive Officer (CEO) of Twitter. …
By Kuldip K. Ambastha On Monday, October 18, 2021, real estate e-commerce websites were in the public eye through Zillow Group, Inc. (ZG) falling (-9.4%) and Opendoor Technologies Inc. (OPEN) rising (+3.1%) for the trading day. This bifurcated path occurred because of starkly different perspectives voiced by the leadership teams of the two companies. Specifically, …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 18-22, 2021”
By Kuldip K. Ambastha Robinhood Markets, Inc. (HOOD) is an online brokerage firm offering many investment products at a zero commission per trade for retail investors. Robinhood went public in the past trading week on NASDAQ, with the first day of trading for its stock being Thursday, July 29, 2021. Shares were initially priced at …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 26-30, 2021”