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KOSS, AMC Insiders Dumped Millions Of Shares Into Reddit-Raid-Rally

KOSS, AMC Insiders Dumped Millions Of Shares Into Reddit-Raid-Rally
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

04Feb2021 Pre-Market Commentary: Micro-Caps Are Soaring As GameStop Losses 90%, DOW +260 At 12:30 ET, Nasdaq +0 7%, Gold Falls Below 1800, Shells Profits Plunge 87%

Taco Bell owner Yum Brands earnings top estimates, despite blow of international Covid restrictions (SPY +0.5%). Biggest midday movers: Qualcomm, eBay, GameStop. Here is the current market situation from CNN Money European markets finished mixed as of the most recent closing prices. The DAX gained 0.91%, while London s FTSE 100 was off 0.06%. Shares in France were unchanged with the CAC 40 at 5,563.05. What Is Moving the Markets Here are the headlines moving the markets. The COVID-19 Pandemic Has Upended Global Energy Investment Trends The pandemic has not broken but intensified global energy trends that emerged on the eve of COVID-19, whether it be the collapse of coal-fired power generation, the growing surplus of oil production, or the booming interest in renewables The further 2020 goes into history, the clearer the extent of last year s collapse in fossil fuel demand becomes. According to the Energy Information Administration (EIA), in 2020, global crude oil demand decr

Koss family rakes it in from Reddit-fueled rally

2 Min Read Feb 4 (Reuters) - The family behind Koss Corp and some of the company’s top executives raked in about $45 million from a surge in the headphone maker’s stock price during a retail trading blitz that rocked Wall Street last week. Retail investors, egged on by Reddit thread WallStreetBets, sent shares of heavily shorted companies such as GameStop Corp and AMC Entertainment through the roof, leading to what is called as a short squeeze. Michael Koss, who heads the company, took home about $12.9 million from the stock sale this week, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

Why Koss Stock Soared on Friday | The Motley Fool

Shares of headphone company Koss (NASDAQ:KOSS) soared on Friday. At one point during the trading day, shares were up more than 150%. As of 1 p.m. EST, however, the stock is up 93%. The tech stock s gain follows the company s fiscal second-quarter earnings release, which featured strong sales growth and a swing from a loss in the year-ago quarter to a profit. But shares are also likely trading higher because the stock is a short-squeeze play as part of a popular recent trading trend started on Reddit. Image source: Getty Images. So what Koss reported fiscal second-quarter revenue of $4.9 million, up 18% from $4.2 million in the year-ago period. Net income for the period was $509,000. This compares with a net loss of $216,000 in the year-ago period. Net income, however, was helped by a $506,700 Paycheck Protection Program (PPP) loan that was forgiven during the quarter and recorded as income.

Patient monitoring startup Digitology Healthtech raises $900,000 after the CEO used the medtech to save his own life

Patient monitoring startup Digitology Healthtech raises $900,000 after the CEO used the medtech to save his own life
startupdaily.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startupdaily.net Daily Mail and Mail on Sunday newspapers.

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