Carmen Reinicke, provided by Published 11:46 am PDT, Friday, June 28, 2019 Reuters / Lucas Jackson Short-sellers — or traders who wager on stock declines — are alive and well as markets soar to new highs in 2019. High short interest often implies an outright bearish position on a stock, though it can also reflect simple downside hedging. Here are the stocks with the highest notional short interest, according to S3 Partners. Read more on Markets Insider. Shorts are in for summer. As the S&P 500 hits a fresh series of record highs, traders are ramping up positions set to profit from share declines in some of the market's most popular companies. The likes of Tesla, Netflix, and more are attracting such wagers. So-called short-sellers bet against shares — and make a profit — by borrowing them from investors who own them, selling them at the market price, and waiting for them to decline before purchasing them back to return to the owner. … [Read more...] about These are the 15 most shorted companies in the stock market
How to buy a share in the stock market
Uber’s fresh IPO plans capped off Lyft’s brutal first month on the stock market. Here’s everything we know since its debut.
caption Lyft’s performance since going public. source Business Insider/Yutong Yuan Lyft went public one month ago Monday. It’s been an awful few weeks for shares since their March 29 debut, falling 35%. Uber, Lyft’s main rival, is primed to make its stock-market debut next month. Here’s what the last month has shown us about Lyft’s early reception and what risks lie ahead. Watch Lyft trade live. Lyft shareholders haven’t had much to cheer about since the ride-hailing company went public in its historic debut one month ago. With the stock down 20% from its initial pricing and 35% since its opening trade, Lyft’s brutal performance has set the tone for its larger rival Uber and a host of other companies to hit the public market this year. And Uber is weighing on Lyft’s stock even before its own debut. Lyft shares fell to a fresh post-IPO low on Friday after Uber updated … [Read more...] about Uber’s fresh IPO plans capped off Lyft’s brutal first month on the stock market. Here’s everything we know since its debut.
Inside the Chicago hedge-fund turf war; Goldman Sachs explores plans to create a Netflix for data
Olivia Oran, provided by Published 5:32 am PDT, Saturday, April 6, 2019 Dear Readers, Well, that was quick: A week after Lyft's splashy IPO and shares of the ride-hailing company have already come crashing back to earth. Lyft priced its IPO at $72 a share last Thursday evening and opened the next day at $87.24 a share. After a volatile few days of trading, shares closed at $74.69 as of Friday. One analyst slapped a sell rating on the company this week and initiated with a $42 price target, nearly half its IPO price. "In order to justify its current market valuation, investors need to take a big leap of faith that the millennials and later generations will forego ownership of a car and opt instead for reliance on a ridesharing service," the research firm Seaport Global Securities said in an investor note. "Despite the optics of vehicles being an underutilized asset, we believe people will continue to own their own vehicles as primary transportation and instead rely on … [Read more...] about Inside the Chicago hedge-fund turf war; Goldman Sachs explores plans to create a Netflix for data
Uber and Lyft to offer drivers shares ahead of stock market listings
Uber and Lyft are reportedly planning to offer their drivers money to buy shares in the company when they float later this year. Both ride-hailing companies are planning initial public offerings and will reward long-serving drivers with cash bonuses which can be used buy stock, the Wall Street Journal reported. Since the drivers are contractors rather than employees they have so far not qualified for the programmes that offer staff private shares in a company as part of their pay package. The plans could give drivers a head start on the listing, allowing them to buy shares at the initial price, something which is typically difficult to achieve for an ordinary investor. Uber has drivers worldwide, including in the UK. Securities laws mean drivers from areas outside the US may not be able to buy shares but would still qualify for the cash. The company has three million active drivers and couriers, and a large proportion of them are due to be eligible for … [Read more...] about Uber and Lyft to offer drivers shares ahead of stock market listings
Deciding to buy a home instead of rent isn’t always a question of simple math
Hillary Hoffower, provided by Published 11:19 am PST, Sunday, February 17, 2019 10'000 Hours/Getty Images Renting versus buying a home comes down to whether you value certainty or flexibility more, says one early retiree. Buying a home can be an investment and offers the certainty of a fixed mortgage payment, but it also comes with a lot of unexpected costs and can take a while to build equity. Renting is typically more affordable and flexible, and offers an opportunity to build greater savings, but gives residents less control over the property. It's an age-old debate: Should you rent or buy? According to early retiree Tanja Hester, "Often it comes down to the question of which you value more: certainty of how much your housing will cost or flexibility to keep your assets liquid and to move whenever you want," she wrote in her book, "Work Optional: Retire Early the Non-Penny-Pinching Way." Hester, blogger at Our Next Life and influencer in the FIRE (financial … [Read more...] about Deciding to buy a home instead of rent isn’t always a question of simple math