PSNY stock has replaced GGPI as the merger with Polestar completes. Polestar began trading last Friday on the Nasdaq under the ticker PSNY. Polestar is a Volvo and Geely-backed EV maker. UPDATE: Polestar stock is reeling in its second day of trading in the US. PSNY shares are off a surprsing 11.3% on Monday about … Read more
The S&p 500, the Nasdaq, and the Dow Jones extend gains between 4 and 5 percent in the week. UoM Consumer Sentiment plunged, and inflation expectations got lower, seen as a relief by traders. Fed’s Bullard commented that fears of a recession are overblown. US equities are rising for the second consecutive day, and despite … Read more
Here is what you need to know on Friday, June 24: Bond yields continue to look more accommodative for equities, and this equity rally continued yesterday with the sell-off in bond markets. This sell-off has taken place despite an overdue hawkish Fed. Bond markets now feel a recession is odds on and are scaling back … Read more
BBIG stock closes higher on Thursday as news of Cryptyde spin-off is out. June 29 is the new date for BBIG holders to get TYDE stock. BBIG closed at $2.22, up over 6% on Thursday. Vinco Ventures is back again on the trail of the Cryptyde spin-off as it announced a new date of June … Read more
GGPI stock closes up on Thursday as the Polestar deal goes through. Polestar will begin trading from June 24 on the Nasdaq under the ticker PSNY. Polestar is an EV startup spun out of Volvo and Geely. UPDATE: Polestar Automotive stock is down 11% to start its history under the new ticker PSNY. Its merger … Read more
We told you so (sorry, just couldn’t resist). In what was not one of our harder calls, we said on Thursday, “In the meantime, some pessimism is likely .
AMC stock is holding recent gains despite falling over 4% on Thursday. AMC so far appears to have bottomed out last week along with much of the equity market. AMC stock is just down 1% this week and is up 6% on the month. Whether that is a true bottom remains to be seen, but … Read more
Gores Guggenheim voted on Wednesday to take Polestar public. Polestar will list under the ticker PSNY on the Nasdaq and start trading on June 24. GGPI stock rose 12% on Wednesday in anticipation of the deal going through. UPDATE: GGPI shares are strangely unenthused by the official merging of the SPAC with Polestar. GGPI shares … Read more
US stocks indices some ground after registering minimal losses on Wednesday. S&P Global PMIs indices missed expectations, dragging equities lower. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones. The greenback recovers some ground though US Treasury yields are falling as traders backpedaled against an aggressive Fed. US equities … Read more
ARKK ETF was up over 1% on Wednesday as it continues to recover. ARKK stock is up nearly 10% over the past week. As one of the riskier growth ETFs, ARKK may a signal of the bottom. ARK Invest and Cathie Wood have been a favorite target of bears in the first half of 2022 … Read more