Tag Archives: price

(Bloomberg) — Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad. China’s State Council issued a sweeping warning to China’s biggest companies, vowing to tighten oversight of data security and overseas listings. That announcement followed the opening of a security review by China’s internet regulator last week and a demand for app stores to remove… Source link

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Yandex N.V. (NASDAQ:YNDX) as an investment opportunity by estimating the company’s future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Models like these may appear beyond the comprehension of a lay person, but they’re fairly easy to follow. Companies can be valued in a lot of ways, so we would point out… Source link

The price of the world’s biggest cryptocurrency declined again on Friday. Photo: Liu Junfeng/Costfoto/Sipa USA Bitcoin (BTC-USD) looked set to register a weekly price decline, as the world’s biggest cryptocurrency lost value yet again on Friday morning. Bitcoin was down 1.4% against the dollar in early trade to reach $33,067 (£24,042). The early weakness raised the prospect of a third straight day of price declines for bitcoin, which is now below the $34,294 mark it started the week at. Other… Source link

Reuters Tesla top-of-range car caught fire while owner was driving, lawyer says A Tesla Inc Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The driver, identified as an “executive entrepreneur”, was initially not able to get out of the car because its electronic door system failed, prompting the driver to “use force… Source link

Shares of Chinese ride-hailing giant Didi Global (DIDI) ended their first day of trading on the New York Stock Exchange at $14.20 apiece, kicking off what is set to be a busy summer of initial public offerings on the U.S. exchanges. The price represented an increase of 1.4% from Didi Global’s IPO price of $14 per American depository share on Tuesday. Earlier, shares opened at $16.65 apiece and climbed to as high as $18.00 during the session.  The company said it sold 316.8 million shares to… Source link

A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift.  UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls.  “While results from our… Source link

The Hourly View for YNDX At the moment, YNDX (Get Ratings)’s price is up $0.25 (0.36%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration… Source link

Home price growth in the U.S. surged in April at a pace not seen in more than 30 years. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 14.6% annual gain in April, up from 13.3% in March — marking the 11th straight month of accelerating prices. The 20-City Composite posted a 14.9% annual gain, up from 13.4% a month earlier. The results far outpaced analysts’ expectations of a 14.7% annual gain, according to Bloomberg consensus… Source link

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Yandex N.V. (NASDAQ:YNDX) share price has soared 226% in the last half decade. Most would be very happy with that. And in the last month, the share price has gained -0.7%. See our latest analysis for Yandex To paraphrase… Source link

Fund managers aren’t sold that bitcoin (BTC-USD) is a screaming buy after the cryptocurrency’s rout.  Eighty-one percent of fund managers polled in a new Bank of America survey say bitcoin is still a bubble despite the steep price pullback. Investors view bitcoin as the second most crowded traded (investors love bitcoin perhaps too much) behind being long commodities.  A total of 224 fund managers with $667 billion in assets under management participated in the survey. To be sure, bitcoin… Source link