James Andrews/iStock via Getty Images On our last coverage of New York Community Bancorp, Inc. (NYSE:NYCB), the stock was at $9.37, and we suggested that it was good but not “great”. Well, if you are heavily underweight financial stocks, then this is one of the best you can add. If you are patient, the odds…
lenscap67 Harmony Biosciences Overview Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY) is a Pennsylvania-based, commercial stage pharmaceutical company that joined the Nasdaq back in August 2020, its initial public offering raising ~$148m, via the issuance of ~6.1m shares priced at $24. In fact, Harmony markets and sells a single product, WAKIX, which was approved by the FDA…
ChargePoint stock comes under severe selling pressure as the company liquidates equity for another major fundraise. On Wednesday, October 11, EV charging network operator ChargePoint Holdings (NYSE: CHPT) announced its plans to raise a staggering $232 million through the stock sale. This was enough to send the ChargePoint stock spiraling downwards by 15%. ChargePoint announced that…
Lucid Motors said that its Air Pure RWD will be available for order immediately at a price point of $77,400. On Thursday, October 5, Lucid Group Inc (NASDAQ: LCID) launched a cheaper version of its Air electric luxury sedan, in a move to stoke demand. Lucid has announced the introduction of a single-motor, rear-wheel-drive variant…
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge…
Bitcoin and the broader crypto market have come under major selling pressure amid news of the FTX creditor liquidation. On Monday, September 11, the world’s largest cryptocurrency Bitcoin (BTC) faced a major price correction with its price taking a dip under $25K. However, the BTC price has recovered since and is currently trading at $25,807…
O’Leary says the Fed could still increase rates to 6.25% or 6.5%, resulting in bank failures in regional institutions . Popular Shark Tank investor Kevin O’Leary has sounded a note of warning about the Federal Reserve’s tightening cycle applied to fight inflation. According to O’Leary, the Fed’s continuous rate hikes could result in more US…