Major Pharmaceuticals Scare Off Short Sellers
Keep in mind that short sellers betting against big pharma are taking on an added risk. They have to pay out the ongoing high dividends on top of the cost of borrowing the shares.
All Work
Chris Lange
Short Sellers Hike Bets in Cybersecurity Stocks
Cybersecurity has become an increasingly important issue that companies have to address as they continue to develop new platforms and mobile apps. Hackers have been able to steal credit card and personal information from…
Monday’s Biggest Winners and Losers in the S&P 500
Monday was a positive day for the broad U.S. markets, although marginally. The Nasdaq is holding near its all-time high and the S&P 500 is just below the 2,800 mark. Crude oil inched higher…
Apple Bans Cryptocurrency Mining on iOS Devices
Apple Inc. (NASDAQ: AAPL) released new guidelines for its iOS devices, which ultimately will outlaw “mining” cryptocurrencies. These new rules will restrict apps that drain battery, generate excessive heat, or put unnecessary strain on…
Is CRISPR in Touble After New STAT Report?
Shares of CRISPR Therapeutics tumbled after a report was released that gene-edited cells might cause cancer. The implications of this study could be catastrophic for the company seeing as CRISPR is known for its…
Adient Feels the Sting of CEO Departure
Adient PLC (NYSE: ADNT) was one of Monday’s worst performing stocks, after it was announced that its Chairman and CEO would be stepping down effective immediately. Also the company issued a revised outlook for…
US Xpress Closes in on IPO
U.S. Xpress Enterprises filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. The company expects to sell its 18.06 million shares for $18 to $20…
FTSE Russell Announces Reconstitution List
Each June, the entire family of Russell US Indexes is realigned and recalibrated to reflect market changes in the last year. Roughly $9 trillion in assets under management (AUM) are benchmarked to or invested…
Are Envision Shareholders Getting Enough in the Acquisition?
Envision Healthcare Corp. (NYSE: EVHC) saw its shares make a slight bump early on Monday morning after it was announced that the firm would be acquired by KKR & Co. L.P. (NYSE: KKR). This…
Biopharma Companies to Watch This Week and for the Rest of June
Here 24/7 Wall St. has included a calendar of a few of companies to watch for in the coming week and the rest of June.
Wedbush Adds PayPal to Its Best Ideas List
One of the firms followed here at 24/7 Wall St. is regional boutique broker Wedbush, who over the years has built a strong reputation on stock picking, often following companies that have smaller market…
Friday’s Biggest Winners and Losers in the S&P 500
Friday was a positive day for the broad U.S. markets, if only slightly. Crude oil inched lower to close out the week just below $66. The S&P 500 sectors were mostly positive.
Why Stitch Fix Is Friday’s Big Earnings Winner
Stitch Fix released its fiscal third-quarter financial report after the markets closed on Thursday. This company has been public only since November, and in this time the stock price has climbed about 42%.
EDAP Wins Big With FDA Clearance
EDAP TMS shares saw an incredible gain to close out the week after the company announced that it received clearance from the FDA for its Focal One device for the ablation of prostate tissue.
Why Broadcom Shares Are Sinking
Broadcom's shares slipped after it released its fiscal second-quarter financial results after the markets closed on Thursday.
Thursday’s Biggest Winners and Losers in the S&P 500
Thursday was a mixed day for the broad U.S. markets. The Nasdaq finally took a step back breaking its streak of closing at record highs. Crude oil is back to where it started off…
What to Expect When Broadcom Reports After the Close
Broadcom is scheduled to release its fiscal second-quarter financial results after the markets close on Thursday.
Why Zscaler’s Q3 Is So Great
Zscaler shares soared after it released a better-than-expected quarterly report after the markets closed on Wednesday.
Why Conn’s Shares Are Booming
Conn’s reported better-than-expected fiscal first-quarter financial results before the markets opened on Thursday.
Why Investors Are Cheering Ralph Lauren
Ralph Lauren shares saw a handy gain on Thursday after the firm announced at its investor day that it will be making some big changes.