IPO Watch. I don't see how this one doesn't work out.- Buy on 1st tick i would think- Shopify-backed Global-E prices IPO at $25, trading commences today Global-e Online (GLBE) has priced initial public offering of 15M of its ordinary sharesat $25 per share, higher end of the expected range of $23-$25. Underwriters' over-allotment is an additional 2.25M shares. The shares are expected to begin trading today on Nasdaq and the offering is expected to close on May 14. Last month, Shopify(NYSE:SHOP) bought 7.75M shares in the company, acquiring a 6.5% stake and after the IPO the stake will slip to 5.4%. Shopify also acquired warrants that entitle it to an additional 11.85M shares over the coming two years, which could bring the value of Shopify's stake to nearly $500M if the current pricing holds.
The Street.com when it 1st came out had a stock picking contest world wide. At the time I was blogging heavily probably here but also on some other format like an actual Blog... It wasn't AOl but somewhere and Jimbo knew about me because as a newcomer I over arched and challenged him alot and sent him alot of emails of all my stocks that were doubling and tripling. (go go days) The Street had a stock picking contest and it was all on line and official I checked my standing every day and I came IN THIRD IN THE WORLD. #1 got $100,000 #2 a fancy present of some kind maybe a TV and Home Entertainment system #3 gets a freakin'T shirt. That said something about the contest and being in the top 1%. The 1% Club Or something..The 1% ers I WAS FINALLY IN!!! They finally let me in... And then the T shirt never came and when I asked an intern I knew who worked at the Street he told me it was Jimmy's doing. Of course it's my fault for all the nasty emails I had sent him but a contest is a contest and that T shirt would of meant the world to me. If any of you play fantasy crap you know coming in 3rd in the world in anything is no easy feat.
Wendy's stock rallies after the company sails past consensus Q1 marks Wendy's(NASDAQ:WEN)trades higher after topping consensus revenue, EPS and EBITDA marks forQ1. The restaurant operator reports same-restaurant sales growth of 13.5% in the U.S. during the quarter and 7.9% for international markets. NortonLifeLock gets double upgrade at BofA ahead of 'renaissance' Predicting a "consumer-security renaissance," BofA upgrades NortonLifeLock(NASDAQ:NLOK) from Underperform to Buy and raises the price target from $19 to $30. Analyst Tal Liani: " We were previously concerned about low growth and weak sales channels, yet the company demonstrated improvements on multiple fronts such as better growth, which was directly correlated with the solid execution of management’s strategy combined with high margin and cash flow generation, all of which are driving our double upgrade." The analyst expects the security renaissance within the next couple of years,largely driven by increased consumer awareness and the currently low penetration rate. NLOK shares areup 1.9%pre-market to $23.80. Related: Earlier this week, NortonLifeLock reported FQ4 beats, added $1.5B to its buyback program, and provided upside guidance.
Boy this seems ill advised- Michigan governor warns state could take Enbridge's profits in pipeline dispute Michigan Gov. Gretchen Whitmer threatens to seize profitsf rom Enbridge(NYSE:ENB) if the company continues to operate its Line 5 pipeline through the Great Lakes after tomorrow. The governor has given the company until May 12 to shut the pipeline after revoking its permit, an order Enbridge has refused, arguing in a lawsuit that Michigan does not have the authority to close the line. Whitmer warned Enbridge today that if the company continues to operate Line 5, its operations would be considered "an intentional trespass," and the state would, if it wins in court, require the company to disgorge "all profits derived from its wrongful use of the State's property" after her May 12 deadline. The potential closure of the 645-mile pipeline has become a major issue for Midwestern states and for Canada, whose government has said closing the pipeline would cut off almost half the supply used to make gasoline, jet fuel and home heating oil for residents in central Canada, and lead to higher fuel costs and thousands of job losses. The state of Ohio already filed a brief siding with Enbridge in the case, and Canada weighed in today with its own brief in support of the company.
Surprised here- Lemonade stock slumps after Q1 loss comes in wider than expected Lemonade(NYSE:LMND)stock drops 10% afterQ1 GAAP loss per shareof 81 cents is worse than the consensus estimate for a loss of 78 cents. Compares with a 60 cents loss in Q4, a loss of $3.16 in the year-ago quarter. In force premium at March 31, 2021 rose to $252M from $213.0M at Dec. 31, 2020 and increased 89% Y/Y. Customer count rose by 50% to almost 1.10M vs. Q1 2020. Premium per customer was $229 at the end of Q1 2021, up 25% Y/Y. Q1 revenue of $23.5M beat the average analyst estimate of $21.9M and fell from $26.2M a year ago due to its proportional reinsurance agreements. Q1 gross earned premium of $56.2M, up from $30.5M a year ago. Q1 adjusted gross profit of $5.0M vs. $9.5M in Q4 and down 7% Y/Y, as the increase in gross earned premium was offset by the impact of Winter Storm Uri.<-- WTF
MIME-- Gave you guys a little heads up on this name the other day. It's one of my few tech names not to be clobbered... I believe it was up $2 yesterday in the mess> Mimecast price target raised to $61 from $57 at Stephens 08:06 MIME
God we are going to have to learn what all these letters mean. Toyota says BEVs, FCEVs will make up 15% of U.S. sales by 2030 ??? BEV's Big Electric Vehicles? FCEV's Fast Charge Electric Vehicles?
<Inovio's Pan-COVID-19 vaccine candidate shows variant immunity 08:05 INO> I need to look into this. Very familiar with company. Had been a ton of negativity.