Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of insurance platform Lemonade (NYSE: LMND) fell as much as 11% short-seller research firm Citron said the stock should be trading at 43% below current levels. They are currently priced at $153, down 3.47%.
Here you can see the full video where Citron was scathing in its assessment of Lemonade:
— Citron Research (@CitronResearch) January 15, 2021
BlackBerry (NYSE: BB) said it has reached a settlement with Facebook in their global patent dispute.
BlackBerry shares are trading 15.42% higher at $10.52 so far today.
Bumble Inc has filed for an IPO of up to $100 million seeking a Nasdaq listing, according to an SEC filing.
Check out The Best AIM Shares To Buy Right Now
Tesla (NASDAQ: TSLA) has told its employees to liquidate its Model S and Model X inventory by the end of the month according to Electrek.
Tesla aims to have no Model S or X inventory by the end of the month the publication said.
Shares of Bluejay Mining PLC (LON: JAY) surged 10.2% after the mining company revealed that it had received confirmation from Rio Tinto that the Enonkoski Project joint-venture and earn-in agreement could now commence.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .