Stay updated with breaking news from Alesia ஹாஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Author Bio Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman What happened Shares of IAC/InterActiveCorp (NASDAQ:IAC) were moving higher last month after the company posted strong monthly metrics for March and took steps toward spinning off Vimeo, a YouTube competitor. IAC also benefited from broader enthusiasm for the economic reopening, especially at the beginning of April. According to data from S&P Global Market Intelligence, the stock finished the month up 17%. The chart below shows the gains for the diversified media company came in the first half of the month before it traded up and down in the second half of April. ....
Bitcoin Is An Ecological And Monetary Disaster And It Happens To Be Worth Zero. advisorperspectives.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advisorperspectives.com Daily Mail and Mail on Sunday newspapers.
Image source: Getty Images Coinbase (NASDAQ:COIN) recently went public in a direct listing. And several top investors got very rich. The company’s stock closed at $328 on its first day of trading. Several top executives and insiders sold at prices higher than that, netting hundreds of millions of dollars in the process. In this article, I’ll look at who got rich in the Coinbase IPO and whether investors can learn anything from their success. The who’s who of Coinbase The people who got rich selling COIN shares after the listing were, predictably, a “who’s who” of company insiders that is, executives, board members, and venture capitalists who funded the company. Some high-profile names who cashed in on the listing include the following: ....
COIN Stock Down 2.63% Yesterday, Nasdaq Set to Launch Options Trading for Coinbase Apr 20 2021 · 09:44 UTC | Updated 2 hours ago Photo: Shutterstock You have successfully joined our subscriber list. With the introduction of the options market, Coinbase shareholders anticipate the stock to revamp from last week’s dump. Coinbase Global Inc (NASDAQ: COIN) stock yesterday closed trading at $333.00, down 2.63%. Meanwhile, COIN stock was trading approximately 0.54% down during the after-hours trading session according to MarketWatch. Notably, Coinbase stock was listed on the Nasdaq exchange last week and has since seen its volatility push the prices down. During the first day of trading, COIN stock traded between $429.54 and $310. However, the bullish sentiments indicate an imminent breakout as more investors move to buy them. Barely a week after the listing, Coinbase options are expected to begin trading on Nasdaq today according to the company’s represe ....
Why It Matters: Unlike a typical IPO, where new shares are issued to the public and insiders have a lock-up period to prevent them from selling, the whole purpose behind Coinbase’s direct listing was that these insiders sold their shares to the public. Essentially, they have to make their shares available for sale in order for the listing to be successful. Those unfamiliar with the details of a direct listing criticized Coinbase executives for “dumping their shares” on the first day of trading. “In a direct listing, you need sellers otherwise there is no liquidity. So ridiculous that people are grasping at straws to throw shade at the Coinbase team,” commented Meltem Demirors, chief strategy officer at Coinshares. ....