On Saturday, July 16, 2014 I played in a tennis tournament with a partner that worked at Trulia, an online real estate company. He just got his job and was explaining to me how the company makes money through its ad placements for Realtors. If you’ve ever wondered why companies like Trulia and Zillow have done nothing to lower selling commission […]
It turns out Wall Street investors like those homespun crafts. Etsy, the online marketplace for handmade goods, went public today. Shares opened at $31 on the NASDAQ, popping up 94 percent from the initial set price of $16 per share. The company closed its first day of trading at $30 per share, an 86% percent rise from its initial price.The company raised over $287 million by […]
NEW YORK (AP) — The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock.Shares of arts and crafts retailer Etsy surged in opening trading on the Nasdaq Thursday. After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. […]
Benchmarks ended higher on Wednesday following rise in oil prices and upbeat earnings results. While, energy shares gained as domestic crude oil price closed at the highest level this year, investors cheered mostly positive first quarter earnings results. Meanwhile, European Central Bank’s decision to keep interest rates unchanged while continuing with its asset purchasing program added to the bullish sentiment.For […]
Akin Oyedele
Apr. 16, 2015, 4:14 PM
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Business Insider / Jillian D’OnfroEtsy had a huge first day as a public company. Shares of the online craft marketplace rose 87% in their trading debut on Thursday.Etsy shares closed at $30 after its IPO priced at $16 per share on Wednesday night. At the current share price, Etsy’s market cap is around $3.3 billion.The Brooklyn-based company […]
Benchmarks finished mostly in the green on Tuesday, banking on gains in energy shares which were powered by a rise in oil prices. However, the Nasdaq settled in the red due to overall weakness in the technology sector. Meanwhile, investors remained focused on mixed earnings results and weaker than expected retail sales.For a look at the issues currently facing the […]
Benchmarks ended in the green on Friday after General Electric’s announcement of a restructuring and buyback plan boosted investor sentiment. Friday’s gains also helped benchmarks settle in positive territory for the second straight week.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones Industrial Average (DJI) gained almost […]
Among most shorted stocks trading on the New York Stock Exchange, Chesapeake Energy and Petrobras once again saw sharp increases in their short interest between the March 13 and March 31 settlement dates. On the other hand, short sellers fled from Pfizer and Verizon for the second period in a row.All of the top five had more than 120,000 shares […]
For April 9, 2015, here are your stock futures, pre-market movers, stocks to watch, and top stock market news today…Stock Futures TodayU.S. stock futures for Thursday, April 9, forecasted a 4-point gain from yesterday’s close. The DJIA Index added 27 points on Wednesday following a busy day of earnings reports and the release of minutes from the Federal Open Market Committee (FOMC) meeting in March.Top Stock […]
Major updates in the biotech sector over the past four trading days were on the pipeline and regulatory front from companies like Alkermes (ALKS – Analyst Report) and Amgen (AMGN – Analyst Report) among others.Recap of the Week’s Most Important Stories1. Alkermes’ experimental schizophrenia treatment, ALKS 3831, fared well in a mid-stage study. Earlier this year, the company had said […]
