One of the biggest movers in the market recently has been the Direxion Shares Exchange Traded Fund Trust JDST 1.03%. After a 15 percent drop last Friday to close out the week, the JDST plummeted another 13 percent on Monday. Year-to-date, the JDST ETF is now down 51.5 percent.
Thousands of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) employees are hoping 2017 is the year they become millionaires. But they aren’t buying up shares of Berkshire stock to get there. Instead, they are filling out a March Madness brackets.
Aurinia Pharmaceuticals Inc AUPH 4.41% shares are down more than 20 percent Tuesday after nearly tripling in a month’s time. For traders wondering how the stock lost its mojo, the Twitter feed of TheStreet columnist Adam Feuerstein tells the story.
After the newest batch of MSCI data for the month of February, Axiom analyst Gordon Johnson is as bearish as ever on steel prices.
FIS Astec Analytics’ list of the hottest stocks among short sellers got a new member this past week. According to the firm’s latest report, Snap Inc SNAP 1.69% now has some of the most bearish sentiment among short sellers. Here’s a summary of the firm’s notable short selling data.
Intel Corporation INTC 0.31% caught the world off-guard when it announced a $15.3 billion buyout of Mobileye NV MBLY 0.12%. For Intel investors attempting to determine how good of a deal the company got on its acquisition, Global Equities Research analyst Trip Chowdhry has some bad news.
Aegis Capital Corp analyst Victor Anthony released his quarterly update on the performance of some of the most popular mobile apps. Aegis uses metrics such as downloads, monthly active users (MAUs) and daily active users (DAUs) to gauge which apps are gaining and losing momentum among users.
One of the worst chapters of Bill Ackman’s investing career is officially over.
Every trader has seen a stock or two that seems way overpriced. Stocks that are modestly overpriced should probably just be avoided, but when a stock seems grossly overpriced there is a profit to be made by short selling.
Ever since the election, traders have been trying to determine which stocks are in the best position to benefit from President Donald Trump’s proposed plan for $1 trillion in infrastructure spending over the next decade.