Rio Tinto plc ADR Common Stock (NYSE:RIO) traded down 5% during mid-day trading on Wednesday . The stock traded as low as $52.98 and last traded at $53.38. 6,098,501 shares were traded during trading, an increase of 99% from the average session volume of 3,070,225 shares. The stock had previousl
White Gold Corp. (CVE:WGO) Director David D’onofrio purchased 49,000 shares of the business’s stock in a transaction on Friday, April 20th. The shares were acquired at an average price of C$0.80 per share, with a total value of C$39,200.00.
Warren Buffett and his business partner Charles Munger are still on the hunt for a large deal after a quiet 2017.
“Berkshire’s goal is to substantially increase the earnings of its non-insurance group. For that to happen, we will need to make one or more huge acquisitions,” Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., said Saturday in....More>>>
May 4, 2018: Markets opened slightly lower Friday but traders didn’t wait long to put equities on a dead path up and to the right. A not-too-bad report on non-farm payrolls threatened to raise worries about inflation but some pressure is off now that trade talks with China have begun. Tech stocks also performed especially well in the session.
WTI crude oil for June delivery settled....More>>>
While what really matters for valuation in the long run is profits, in the short run some companies are awarded a premium valuation based on having a vastly superior growth rate. Tesla (TSLA) is famously posting massively negative earnings, losing $23,697 per car in the most recently reported quarter (3Q 2017) alone, so it is clearly not valued on a multiple to current profits.
President Donald Trump started a tug of war with the oil market and lost the first round.
Hedge funds extended wagers that oil and gasoline prices will rise days before Trump blasted OPEC on Twitter for making oil prices “artificially Very High.” They were vindicated by a second straight week of gains that threaten to wipe out some of the household savings from Trump’s....More>>>
Shares of athletic apparel-maker Under Armour Inc (NYSE:UAA) surged higher in Monday trade after Deutsche Bank upgraded Under Armour stock on what the investment bank called a “rapidly growing” international business.
But I think the strong move higher in Under Armour stock is just a head fake.
The upgrade wasn’t a bullish call. Deutsche Bank went from “Sell”....More>>>
I periodically cover Prospect Capital’s (NASDAQ:PSEC) investing activity and did so most recently back in the summer. With a lot of back and forth on the name in recent weeks, and my having to describe the one thing I wanted to get straight, I think it is an appropriate time to check back in and see what has been happening in this regard with the company. Now, the approach I use indicates....More>>>
Shares of specialty materials manufacturer Allegheny Technologies (NYSE:ATI) lostnearly three-quarters of their valuein the second half of 2015 as the company initiated what would be a difficult restructuring. But it is growing apparent that the turnaround program had the desired effect, as Allegheny on April 24 delivered quarterly results that blew past expectations.
Millions of seniors depend on Medicare to cover their health-related needs during retirement. But there's a lot of confusion surrounding this crucial program, and it could end up hurting future retirees financially. In fact, 72% of older adults say they wish they better understood how Medicare wo
Daiwa Securities Group Inc. raised its position in National Instruments (NASDAQ:NATI) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,355 shares of the technology company’s stock after