Tag: Stock

Coinbase and MicroStrategy Stock Jump Almost 9% amid Bitcoin Rally

With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc (NASDAQ: MSTR) emerging as key beneficiaries in this unique correlation. In the past 24 hours, both COIN and MSTR stocks experienced a remarkable 9% surge in value, mirroring the 4% rise in Bitcoin’s price during…

Wall Street Bullish on Take-Two Interactive Stock

GTA 6 is expected to incorporate crypto rewards in its upgraded version. Gamers are looking forward to watching the trailer. The unveiling of the Grand Theft Auto VI (GTA 6) trailer is set to debut on December 5, with Wall Street analysts forecasting a significant boost in revenue for Take-Two Interactive Software Inc (NASDAQ: TTWO), Rockstar Games’ parent business. Analyst Predictions and Market Enthusiasm As highlighted in a recent report, Benchmark analyst Mike Hickey, who maintains a buy rating and a $164 price target on Take-Two’s stock, sees GTA 6…

Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…

ARK offloads $5.2M in Coinbase stock amid 18-month high

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ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges. On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per share at the time of the sale, giving the transaction a value of $5.3 million, data from TradingView shows. Coinbase crypto exchange has seen its shares jump to an 18-month high…

European Companies Dance to the US Stock Exchange Beat

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In recent times, a notable trend has emerged, with European companies choosing to delist from their home exchanges and instead opting for listings on prominent US platforms like the New York Stock Exchange and NASDAQ. Simultaneously, financial projections for the S&P 500 in 2024 reveal a bullish outlook, with strategists foreseeing the index reaching new heights. Exploring these market dynamics reveals intriguing correlations that shape the evolving landscape of global finance. Global Corporate Migration: Motivations and Trends A significant number of European companies, ranging from Flutter Entertainment to CRH and…

Nvidia Delays Launch of AI Chip for China amid Export Compliance Challenges, NVDA Stock 1% Down

Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified its Chinese customers of a delay in the launch of its new artificial intelligence chip, H20, designed to comply with the latest United States export regulations, Reuters reported Friday, citing two sources familiar with the matter. The country’s tightened…

Nvidia Revenue for Q3 2024 Triples amid AI Boom but NVDA Stock Price Falls, Here’s Why

Amid exports restrictions on AI chips introduced by the US government, Nvidia expects a slowdown in the revenue growth in the ongoing Q4 quarter leading to a selling pressure on its stock. Investors in Nvidia Corp (NASDAQ: NVDA) displayed a measured response to its recent quarterly (Q3 2024) report, which exceeded the average analysts’ estimates but fell short of the heightened expectations from shareholders heavily invested in the artificial intelligence (AI) boom. Nvidia (NVDA) has released Q3 results that significantly exceeded Wall Street expectations. The chipmaker reported adjusted earnings of…

Nvidia (NVDA) Stock Rallies to New ATH amid High Impact News Including Today’s Q3 Earnings Release

Nvidia is expected to report revenue growth in the Q3 2023 earnings result today, thus boosting shareholders’ confidence amid high demand from AI companies. After getting trapped in a correction mode in the past two months, Nvidia Corporation (NASDAQ: NVDA) stock has set a new all-time high of around $504.09 after a 20 percent spike during the last four weeks. The American multinational tech company that has dominated the semiconductor chip industry amid the artificial intelligence (AI) revolution has attracted major investment in the past year to reach $1.22 trillion…

Robinhood meme stock punters denied class suit certification

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Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback after the United States District Court for the Southern District of Florida rejected a request for class certification by the plaintiffs on Nov. 13, 2023. Chief Judge Cecilia Altonaga said that after thoroughly considering the written submissions, record and relevant law, the plaintiffs’ motion was rejected because they could not persuade the court that issues of individualized reliance would not be prevalent. Robinhood is a platform that provides commission-free trading for stocks, exchange-traded funds, options…

Stock Market Surges on Inflation Optimism: Wall Street Celebrates

Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting. In a remarkable turn of events, the stock market rallied strongly on Tuesday, adding to their impressive November gains. The surge was fueled by the positive reaction to new US inflation data, which raised hopes that the Federal Reserve’s rate-hiking campaign would soon end. Tuesday’s Stock Market Rally Specifically, the Dow Jones Industrial Average (INDEXDJX: .DJI) rose 1.43% to 34,827.70, gaining 489.83 points. Simultaneously,…