Tag Archives: Supportcom

(Bloomberg) — Vinco Ventures Inc. and Support.com Inc. surged, and are on track to extend rallies fueled by retail investors in chatrooms like StockTwits and on Reddit. The pair of stocks jumped more than 50% each when the market opened in New York, extending gains from last week, when Vinco Ventures more than doubled and Support.com almost tripled. The rallies came as individual investors attempted to pump their bets on Twitter, Reddit’s WallStreetBets and chatrooms on… Source link

Support.com (SPRT) is continuing to rise after a massive short squeeze rally. Shares of the California technical support company were up more than 50% in the first minutes of trading after gaining more than 180% over the last five sessions. Support.com’s stock had caught the attention of retail traders based on its high short interest. “Shares shorted were climbing earlier in the month, but we have seen short covering recently as the shorts are in the middle of a big squeeze,” said Ihor… Source link

Support.com (SPRT) has become the new “meme stock” retail traders are pushing to the moon. Shares of the LA based software company closed 33% higher, at $26.33 on Friday. The stock skyrocketed more than 190% earlier in the session and was the No. 1 trending ticker on Yahoo Finance.  ‘The squeeze will continue and accelerate’ The stock caught the attention of retail traders last month based on its high short interest, which currently accounts for about 60% of the float. “Shares shorted were… Source link

(Bloomberg) — The social-media mob scored another direct hit, this time with a little-known software company that Wall Street started betting against. Support.com Inc. shares skyrocketed on Friday, adding to this week’s triple-digit rally as day traders touted the Los Angeles-based company, whose platform helps companies manage technical and customer support. The shares surged as much as 132%, climbing to the highest since 2004. Support.com was among the most mentioned companies in… Source link

Bloomberg Fight Between Commodities Giants and Shippers Leaves Seafarers Stuck (Bloomberg) — A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards. In an effort to keep deliveries of food, fuel and other raw materials on schedule, some of the big commodities firms are avoiding… Source link