Mark Cuban, Dave Portnoy, AOC and others react to Robinhood restricting trades on GameStop and AMC
- GameStop shareholder sells off stake valued at over $1 billion
- Pelosi says Congress will be part of GameStop scrutiny
- Large GameStop shareholder MUST Asset Management sold off its stake
- Here are the biggest short squeezes in the stock market, including GameStop and AMC
- It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher
- GameStop, AMC trading throttled as stocks retreat from Wednesday gains
- Investors that converted AMC bonds to stock see value of holdings slide 30% in a matter of hours
‘I have been plagued by enormous guilt and regret:’ I tried to care for my late father, but I gave up. How can I ever forgive myself?
‘He was a good father, except everything had to be his way. But I know I was a cruel and horrible son.’
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Twitter lifted to overweight, price target set at $65: KeyBanc
Citing "growing pains that are nearing an end" thanks to product catalysts, analysts at KeyBanc Capital Markets have upgraded Twitter undefined to overweight from sector weight and set a $65 price target. "Our view is that execution is improving, and the combination of a cyclical ad recovery and new products creates potential for revenue to outpace our above-consensus revenue estimates in 2021 and 2022," said analysts Justin Patterson and Sergio Sugura, in a note to clients dated Wednesday. They anticipate sustainable 20% plus annual revenue growth from Twitter's core business. "Under a more bullish scenario, we think Twitter could attain 2022 revenue of $5.7 billion (around 10% above consensus)," said the analysts. Twitter is expected to announce fourth quarter results after the market close on Feb. 9. Shares of Twitter closed down nearly 3% at $48.19 a share on Wednesday.
Snap stock rockets 11% after analyst says marketers are 'most bullish' they've ever been on the service
Snap Inc. shares undefined are up 10% in Thursday morning trading after Evercore ISI analyst penned an upbeat note on the company's potential following recent talks across the ad industry and a strong fourth-quarter report from fellow social-media company Facebook Inc. undefined. "Conversations with marketers during the holiday season, were the most bullish we have ever heard on Snap," Evercore ISI analyst Kevin Rippey wrote in a note to clients. Facebook's report Wednesday afternoon makes him "confident underwriting between 65% and 70% YoY revenue growth for Snap in the 4Q," which he said is the most optimistic projection among sell-side analysts. a strong fourth quarter could be one step on Snap's eventual path to upwards of $10 billion in revenue by 2025, he said. The consensus forecast calls for $2.45 billion for 2020. "We suspect the past few days' weakness is a function hedge funds repositioning amidst the current short squeeze environment," Rippey wrote, following a 10% slide for the stock over the four prior trading days. "As such, we see this dislocation as temporary, and add SNAP to our Tactical Outperform List." Snap shares have gained 27% over the past three months as the S&P 500 undefined has risen 16%.
