Ripple has sold $15M of its stock in MoneyGram

Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram.  Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60 from the sales. MoneyGram’s stock value has soared in recent months, from $2.94 on Oct. 1 to $8.53 on Nov. 23. In no small part thanks to news of Ripple’s sell-off, MGI has slipped back down to $6.54 as of…

DOCU Stock Climbs 6% after DocuSign Reveals Upbeat Earnings amid Pandemic

DocuSign software automates the filing of contracts and certifies electronic signatures. The company’s stock holds an IBD Relative Strength Rating of 94 out of a best-possible 99. On December 3, DocuSign chief executive said that the company’s stock is more than a work-from-home name. The company makes technology that facilitates digital contracts and it has exceeded expectations once more. DocuSign Inc (NASDAQ: DOCU) stock gained in extended trading Thursday as revenue and earnings for the October quarter surpassed Wall Street targets. During the COVID-19 pandemic, the company said that it continued…

Bill Gates Just Gave Boeing Stock The Green Light

Boeing stock surged alongside its partner airlines on Thursday. Bill Gates’ comments on coronavirus vaccines should be a tremendous boost to airline stocks. The Microsoft founder believes U.S. life could be heading back to normal by the Spring. Airline stocks surged on Thursday as Ryanair’s huge 737 MAX order from Boeing demonstrated how much optimism is returning in aviation. Despite this arguably the best news came from a different source, as Microsoft founder Bill Gates made a bold prediction for the future of the pandemic. Tough Times Continue For U.S.…

Elon Musk Warns Employees against TSLA Stock Decline, Says Tesla Needs to Control Costs

Musk told analysts on Tesla’s third-quarter earnings call that the company is only trying to spend money and not waste it. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk warned employees against stock decline if the company does not control costs. The CEO sent the warning through an email on the 1st of December.  As noted in the email, Elon Musk is concerned that Tesla’s stock may plunge despite recent gains. To avoid losses and maintain profitable quarterly reports, the CEO said the electric vehicle (EV) company needs to control spending. …

SPOT Stock Up 12%, Spotify Launched 2020 Wrapped to Look Back at Year’s Music Choice

The feature will launch in the Spotify mobile app for iOS and Android. However, non-registered users will also be able to see listening trends of this year. Media service provider Spotify Technology SA (NYSE: SPOT) launched 2020 Wrapped – an annual selection of user preferences in music. This review includes users’ favorite artists, songs, genres, and podcasts. This year, it comes with a few changes. #2020Wrapped is finally here! 👉 https://t.co/DEkWri0PVR 👈 pic.twitter.com/yx5tPciZjA — Spotify (@Spotify) December 2, 2020 Since 2017, Spotify Wrapped has been tracking users’ activity and describing…

BB Stock Up 20%, BlackBerry Partners with AWS to Integrate Sensor Data in Vehicles

At the beginning of the year, BlackBerry announced that it has joined forces with AWS to demonstrate a connected vehicle software platform for in-vehicle applications. Shares of Canadian enterprise software company BlackBerry Ltd (NYSE: BB) were up over 20% during Wednesday’s pre-market to trade around $9.50. At the time of writing, in the pre-market, BlackBerry stock is trading at $7.76 (+10%). Moreover, BB shares closed yesterday at $7, approximately 20% up. The spike is largely attributed to news that the company is set to partner with Amazon Web Services (AWS)…

Xiaomi Suspends Trading on HKEX after Record Stock Placement

Xiaomi has seen significant growth this year owing in part to the woes of its major competitor Huawei that is caught in between the polarized US-China trade wars. Chinese mobile smartphone maker Xiaomi Corp (HKG: 1810) has suspended its trading on the Hong Kong Stock Exchange (HKEX) following its latest stock placement that ranks as one the biggest the city has ever recorded. Per a report from Business Times, Xiaomi revealed in a Hong Kong exchange filing that trading would be halted Wednesday, without stating any reasons. Per the reports,…

Dusk Network Takes ‘Around 10%’ Stake in Dutch Stock Exchange

Security token platform Dusk Network has become a shareholder of a Dutch stock exchange for small- and medium-size enterprises (SMEs). Announced Tuesday, Dusk Network’s share acquisition in Nederlandsche Participatie Exchange (NPEX) follows a partnership period where both companies developed pilot projects to further financial product innovation. A representative of Dusk told CoinDesk the stake was “around 10%.” As reported previously, Dusk has plans to tokenize shares for thousands of SMEs in the Netherlands and the Benelux region. NPEX said in the announcement that it brought Dusk into the fold to…

Zoom (ZM) Stock Tanks 15% on Fears of Overvaluation Despite Strong Quarterly Results

Zoom Communications has registered a phenomenal growth rate for the fiscal third-quarter reporting a net income of $198 and $777 revenue. Analysts have mixed views over the 12-month target for ZM stock. On Tuesday, shares of Zoom Video Communications Inc (NASDAQ: ZM) tanked 15% despite the company reporting its most impressive quarterly performance. Investors dumped Zoom (ZM) stock on fears of overvaluation. ZM stock had a massive run so far in 2020 as Zoom became popular as the ‘work-from-home’ stock during the coronavirus pandemic lockdown. As businesses had to close…

Nio Stock Drops Over 5% Despite Posting Record-High Sales in November

Nio has delivered 36,721 electric vehicles since the calendar flipped in January 2020. Hereby representing a rise of approximately 111.1% year-over-year. Shares of Chinese electric vehicle company Nio Inc (NYSE: NIO) were down approximately 6.43% on Tuesday to trade around $50.53. At the time of writing, Nio stock is down 5.30%, trading at $47.86. The drop in Nio stock price is in contrast with the record-high sales reported for November. Whereby, Nio delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year. Nio Sales “The deliveries consisted of 1,387 ES8s,…