No matter how many warnings experts issue regarding penny stocks, people invariably find their way into this speculative arena. And that issue has become even more prominent thanks to mobile trading apps like Robinhood (NASDAQ:HOOD). With the ability to wager on the full spectrum of investment vehicles right at your fingertips, Robinhood is somewhat of a mixed bag.
On the one hand, let’s at least give credit where it’s due. Prior to the novel coronavirus pandemic, financial analysts bemoaned that younger people were investing at a lower rate than prior generations at their....More>>>
Stifel Nicolaus downgraded shares of Echo Global Logistics (NASDAQ:ECHO) from a buy rating to a hold rating in a research report released on Monday morning, The Fly reports. Stifel Nicolaus currently has $48.25 target price on the transportation company’s stock, up from their previous target price of $42.00.
Several other brokerages also recently commented on ECHO. Truist Securities downgraded Echo Global Logistics from a buy rating to a hold rating and lifted their target price for the stock from $36.00 to $48.25 in a report on Monday. Morgan Stanley lifted their target price....More>>>
Silgan Holdings Inc. (SLGN Quick QuoteSLGN ) recently acquired Gateway Plastics for $485 million, in order to expand its wide range of product offerings in the Dispensing and Specialty Closures business, while providing additional growth scopes for the existing customers.
Gateway Plastics manufactures dispensing closures and integrated dispensing packaging solutions, and sells these to consumer goods product companies, mainly serving the food and beverage markets. The company has a large state-of-the-art manufacturing plant in Mequon, WI, which is expected to generate around $150....More>>>
Peloton Interactive said Thursday it plans to slash the price of its bike again and reported a wider-than-expected quarterly loss, sending its stock skidding in after-hours trading.
The digital fitness firm that sells high-end bikes and treadmills that sync up with membership is lowering the price of its flagship bike to $1,495 from $1,895. Memberships will still cost $39.99-a-month. Nearly a year ago, the price of its bike was lowered by $350 when the company launched its higher-end Bike+ for $2,495.
Peloton (ticker: PTON) also reported a fiscal fourth-quarter....More>>>
I can see why contrarian investors may be interested in XPeng (NYSE:XPEV) stock. Shares in China-based electric vehicle (or EV) companies have fallen out of favor among investors, but the shift in sentiment has been the most dramatic among this particular name.
As a result of its extended price decline since June, Xpeng has become seemingly undervalued, if you compare its valuation (on a price/sales, or P/S, basis) to that of comparable names.
But while it’s true XPeng trades at a discount to its peers, that doesn’t make it a bargain. There’s a reason why XPEV....More>>>