Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | Zoom Video’s Stock Soared in Public Debut. So Did Zoom Technologies’. Advertisement DealBook Supported by ByStephen Grocer April 21, 2019 Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. __________ Shares of Zoom Video Communications soared more than 72 percent in the company’s trading debut last week, capping a roughly 1,700 percent rise in its value over the past two-plus years. Yet it wasn’t even the best performing stock named Zoom in the past month. Since late March, shares in Zoom Technologies, a so-called penny stock whose ticker symbol is “ZOOM,” have jumped nearly 27,000 percent. On March 21, a share of Zoom Technologies traded at less than a penny, although none traded … [Read more...] about Zoom Video’s Stock Soared in Public Debut. So Did Zoom Technologies’.
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Specialty retailer Christopher & Banks' stock is no longer being traded on the New York Stock Exchange after its market capitalization dropped below the minimum $15 million for more than 30 days. The Plymouth-based women's apparel company said Thursday it received notification from the NYSE that the delisting process had begun. Market capitalization, commonly called "market cap," refers to the total dollar market value of outstanding shares. The retailer's shares closed at 35 cents on Wednesday, its final day of trading. Its market cap was about $13.4 million. Christopher & Banks markets to baby boomers at 457 stores across most of the United States. It also operates outlet stores and a women's plus size division, CJ Banks. The move by the NYSE, the world's largest stock exchange, does not affect the retailer's day-to-day operations, liquidity or access to credit, the company said in a statement. But it is a sign of lingering troubles at Christopher & Banks, which for years … [Read more...] about Christopher & Banks delisted from New York Stock Exchange
Residency requirements for Colorado marijuana businesses could soon be old hat. A bill advancing through the Colorado legislature would open the doors for out-of-state individuals and publicly traded companies to invest or have ownership interest in state-licensed cannabis businesses. House Bill 1011, “Marijuana Businesses Allow Publicly Traded Owners,” on Wednesday passed the House Finance Committee on a vote of 8 to 5. Bill co-sponsors and proponents earlier in the week touted the proposed law change as a necessary means for Colorado’s cannabis businesses to remain competitive. Colorado may have been a trailblazer in regulating adult-use cannabis sales, but its homegrown businesses are being left in the dust as the industry goes global. “We’re at a point where we’re actually behind the curve,” said Rep. Dan Pabon, D-Denver, Wednesday, when addressing the Finance Committee. More than a dozen medical and recreational cannabis states have … [Read more...] about Colorado cannabis firms could get publicly traded, out-of-state investors under proposed bill
By Cezary Podkul WSJ Thu., Feb. 14, 2019 Nearly a quarter of U.S. equity trades may not be executed at the best price available in the market, costing investors at least $2 billion a year, according to a new study funded by the U.S. government. The study provides new evidence of momentary pricing discrepancies that researchers say can be exploited by high-speed traders looking to make a quick profit. The Departments of Defense and Homeland Security provided about $1.25 million for the study to better understand how U.S. markets might respond to a cyberattack, according to spokespeople for the agencies’ research arms. The Wall Street Journal first reported in 2017 that Pentagon researchers have been studying the issue. Researchers examined all trades for stocks in the Russell 3000 index during 2016 and found that nearly 24% of them were executed during times when better prices may have been available. That equated to about 1.1 billion trades that might … [Read more...] about Brief Price Gaps in Stocks May Cost Investors $2 Billion a Year
Jan 31, 11:53 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Maurie Backman 01/31/19 AT 11:49 PM Being a newbie investor means risking mistakes that ultimately cost you money. And while there's no such thing as a risk-free investment, there are smart places and less smart places to put your hard-earned money. Penny stocks ultimately fall into the latter category.As the name implies, penny stocks are those that can be bought on the cheap, at least on a per-share basis. Back in the day, stocks that traded for less than $1 per share were considered penny stocks, but these days, the term covers all stocks that trade below $5 a share.The appeal of the penny stock is twofold. First, they allow investors with limited financial resources to buy up a large number of shares for not a lot of money. Given the many stocks out there that trade for well over $100 per share, someone with a mere $200 to invest … [Read more...] about Why You Should Avoid Penny Stocks Like the Plague