Tag Archives: BlockTrade

(Bloomberg) — The group of stocks at the center of a $20-billion block trades selling spree last week were under pressure on Monday as investors worried there could be more fallout from forced offerings. ViacomCBS Inc. fell as much as 4.3% in New York trading after a $2.1 billion block trade was said to price at the top of its range, while Discovery Inc. gained 2.4%. The American depositary receipts of Chinese companies Tencent Music Entertainment Group, Baidu Inc. and GSX Techedu Inc. were… Source link

(Bloomberg) — As Wall Street speculated on the identity of the mysterious seller behind the massive $10.5 billion in block trades executed on Friday by Goldman Sachs Group Inc., investors also pondered just how unprecedented the selloff was — and whether there’s more to come. The sales lit up trader chat rooms from New York to Hong Kong and were part of an extraordinary spree that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media… Source link

TipRanks J.P. Morgan Says These 2 Stocks Could Surge at Least 30% From Current Levels In a volatile market environment, with stocks getting buffeted about by a variety of conflicting forces, investors are looking to the expert commentators for some guidance. Covering the macro situation from banking giant JPMorgan, quant strategist Marko Kolanovic believes that we’re in for continued gains in stocks. Kolanovic doesn’t dismiss the recent dips in the S&P 500 and the NASDAQ; rather, he sees… Source link