961 days ago
Bitpanda, a cryptocurrency platform based in Europe, has raised $263 million in a new round of funding, putting the company's value at $4.1 billion. That's more than three times the $1.2 billion Bitpanda was valued in its last private financing round five months ago. The current round of funding takes the total amount raised to about $500 million. Source: CNBC
961 days ago
The delivery company's shares dramatically dropped after its IPO in March, and rebounded in yesterday's trading, matching the initial IPO price for the first time. The stock soared 71% since its bottom in April, bolstered by a favorable court ruling over the employment status of its drivers, a surge in sales and a big investment by peer Delivery Hero SE. The worst performance in decades for a UK listing is starting to get back on track, healing London's reputation as a hub for technology. Source: Bloomberg, Yahoo Finance
961 days ago
shares of Shake Shack entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $86.03 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.6. A bullish investor could look at SHAK's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Source: Forbes
961 days ago
Tencent shares lost 40% of their value since their record high of January. However, Hugh Young, fund manager at Aberdeen Standard Investments, said that his company kept most of its Chinese holdings unchanged, although they are now avoiding the education sector. They still believe in other industries, and even buy dips on some stocks. Source: Bloomberg, Yahoo Finance
962 days ago
Exceeding expectations is starting to become a habit for Disney's streaming service. According to the company's earnings report, it had 116 million subscribers as of July 3rd, meaning that it doubled its subscriber base under a year. For comparative purposes, imagine that it took Netflix seven years to reach this number, whereas Disney only needed two. Source: Statista
