Kraft Heinz’s KHC The short percentage of the float has increased by 4.36% since the last report. The company recently reported that it 29.51 million shares sold shortThis represents 3.35% of all common shares available for trading. Based on trading volume Traders would need an average of 3.56 days to cover their short positions. Why […]
The Simon Property Group Self-propelled gun The short percentage of the float has increased by 7.08% since the last report. The company recently reported that it 4.89 million shares sold shortThis represents 2.27% of all common shares available for trading. Based on trading volume Traders would need an average of 3.52 days to cover their […]
With trading in U.S. stock futures mixed on Thursday morning, the following stocks could be in investors’ focus today: Wall Street expects Best Buy Co., Inc. BBY is expected to report quarterly earnings of $1.16 per share on revenue of $9.24 billion before the market opens, according to data compiled by Benzinga Pro. Best Buy […]
Home Depot Inc HDone of the largest employers in the United States, plans to eliminate marijuana testing for prospective employees and stop drug testing for the majority of its workforce. The wholesaler, which employs about 400,000 people at more than 2,000 locations across the country, announced internally on Monday that marijuana would be removed from […]
JPMorgan Chase & Co. Analyst Christopher Horvers reiterated the “Overweight” rating for Ulta Beauty, Inc. ULTAwhich lowered the price prediction from $544 to $450. The company will report its results tomorrow after the market closes. Horvers lowered the second-quarter revenue forecast to unchanged, as most investors expect a result of -1%. The analyst has lowered […]
ether Co-founder Vitalik Buterin has publicly affirmed his personal conviction in ether ETH/USD as a store of value. What happened: This statement is in response to ongoing discussions about the Ethereum team’s reluctance to promote the monetary aspects of ETH. Buterin’s comment: “If I didn’t believe in ETH as a SOV, I wouldn’t hold ∼90% […]
Walmart Inc. WMT Shares are trading higher in premarket trading on Wednesday. On Tuesday, the retail giant announced several new initiatives ahead of the holiday season. Initiatives include category expansion, multi-channel order fulfillment and new features to simplify cross-market selling. The company announced the expansion of the Premium Beauty, Secondhand and Collectibles categories. In addition, […]
Key findings: Walmart sold its stake in JD.com at a time when its Chinese business is benefiting from a growing local preference for Costco’s warehouse-style shopping. JD.com continues to face strong competition in China’s tough e-commerce market as consumption in the country remains sluggish By Xiao Lin There are no eternal allies […]
ExxonMobil Corporation XOM is reportedly planning to sell conventional oil reserves in the Permian Basin that could be worth $1 billion. The company plans to shift its focus to expanding shale production after completing the $60 billion acquisition of Pioneer Natural Resources Co. in May, Bloomberg reported. Read: Report: Exxon Mobil cuts staff after merger […]
Apple Inc. AAPL has reportedly laid off around 100 employees from its services division. What happened: On Tuesday, Cupertino informed the affected employees who were part of various services under the Senior Vice President Eddy QueueBloomberg reported, citing people familiar with the matter. These job cuts primarily affected the teams responsible for the Apple Books […]
