After investors spent a decade pouring money into Silicon Valley start-ups so they could keep growing while staying private, the pendulum has completely swung around, and tech IPOs are bigger than ever.Three of the 10 biggest tech IPOs for U.S. companies, in terms of capital raised, have taken place this year. Two happened on consecutive days in the last week, when DoorDash and Airbnb started...
Continue reading >>The stock market closed higher on Friday despite a disappointing jobs report as Wall Street remained focused on positive vaccine developments and growing hopes for more fiscal stimulus before yearend. The gains lifted all four of the major indexes to fresh all-time highs, along with the Transports, with volatility continuing to hold a key level of support. The Russell 2000 finished on its...
Continue reading >>Airbnb shares ended the day up more than 112% in its IPO debut Thursday, the latest tech stock to show monster gains in its first day of trading this year.Shares of Airbnb originally priced at $68 Wednesday night, but showed a massive pop Thursday afternoon when it opened trading at $146 per share. Shares closed the day at $144.71, giving the home-sharing company a market cap of about $86.5...
Continue reading >>The stock market retreated from record opening highs following reports that a stimulus agreement looks to be on the back-burner again. Senate Leader McConnell said the Democrats shrugged off the latest proposal for a relief bill that would leave out liability protection and state aid.Meanwhile, the stock market continued to monitor the rise in virus cases and increase in lockdowns, weighing those...
Continue reading >>Vaccine stocks continue to explode higher. Moderna (MRNA) has now from $72 to $172, as it nears its meeting with the US FDA on Dec. 17 with regards to emergency use authorization.BioNTech (BNTX) has run from $90 to $130 a share, as it also nears emergency use authorization with the US FDA. Even Pfizer (PFE) has run from $35 to $43. We’d like to see the PFE stock closer to $50...
Continue reading >>The stock market retreated from record opening highs following reports that a stimulus agreement looks to be on the back-burner again. Senate Leader McConnell said the Democrats shrugged off the latest proposal for a relief bill that would leave out liability protection and state aid.Meanwhile, the stock market continued to monitor the rise in virus cases and increase in lockdowns, weighing those...
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