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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Continue reading >>The stock market set another round of fresh all-time highs following news of the first coronavirus vaccine being delivered overseas and ongoing stimulus talks. GOP congressional leaders spoke with Treasury Secretary Mnuchin and White House Chief of Staff Meadows in hopes of getting a deal done before Congress leaves for the holidays.The Russell 2000 finished at its session high of 1,917 (+1.4%)....
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