Shark Tank host and real estate guru Barbara Corcoran is putting her money where her mouth is and scooping up shares of real estate marketplace giant Zillow (Z). Since being asked in a November Yahoo Finance interview if Zillow shares bottomed after falling 21% on news the company was ending its home buying operation, Corcoran says she was confident enough to jump on the stock. “I did invest in Zillow, remember you asked me last time?” she said Thursday on Yahoo Finance Live. “I did,… Source link
Read More »Sofi Tanks as it Posts Higher Than Estimated Q2 Loss; Reiterates Outlook
By Dhirendra Tripathi Investing.com – SoFi Technologies stock (NASDAQ:SOFI) slumped 14% Friday after a second quarter loss that was wider than expected. The fintech reiterated its 2021 outlook. For the full-year, it forecasts adjusted net revenue of $980 million and adjusted earnings before interest, taxes, depreciation and amortization of $27 million. The company has already logged $453.25 million in revenue in the first six months of the year. Its second-quarter adjusted net revenue jumped… Source link
Read More »Robinhood tanks 27% after shareholders file to sell
Robinhood (HOOD) shares tanked 27% to close the session at $50.27 after several wild sessions. Thursday’s decline followed an announcement that some stockholders would be cashing out up to 97.8 million shares. The news came after a massive two-day rally. The investment platform’s shares had gained 100% earlier this week. Robinhood appears to be the newest meme stock on the Wall Street, highlighting the power of retail investors. It was one of the most mentioned stocks on Reddit’s… Source link
Read More »Marijuana company Green Thumb Industries stock tanks 14% on report of federal probe
Shares of Chicago-based cannabis giant Green Thumb Industries (GTBIF) tanked 13% Tuesday after a Chicago Tribune report claimed the company was part of a federal probe into pay-for-play allegations regarding its operations. The report details an ongoing investigation, which Yahoo Finance was unable to verify, that unnamed sources say scrutinizes political donations and other steps the company allegedly took to win growing and distribution licenses in Illinois and other states. A Green Thumb… Source link
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