Photo: Marco Bello (Reuters), Frederic Legrand – COMEO (Shutterstock), Brendan McDermid (Reuters), Jose Cabezas (Reuters), Marco Bello (Reuters), Ann Wang (Reuters), Brendan McDermid (Reuters), Illustration: Westend61 (Getty Images)
Photo: Marco Bello (Reuters)
Photo: Frederic Legrand – COMEO (Shutterstock)
Photo: Jose Cabezas (Reuters)
Photo: Marco Bello (Reuters)
Trump Media & Technology Group said it will issue millions more shares, sending its stock plunging again.
The company behind former President Donald Trump’s Truth Social platform said in a Securities and Exchange Commission filing that it is registering the resale of up to almost 21.5 million new shares of common stock issuable upon the exercise of warrants, up to about 146 million shares of common stock, and up to about 4 million warrants to purchase common stock. Certain shares held by insiders may still be restricted from trading until the expiration of a lock-up agreement 5-6 months after the date of the IPO.
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Photo: Ann Wang (Reuters)
Super Micro Computer stock rallied after a Wall Street analyst hiked his price target on the shares from $600 all the way to $1,500. Shares in the AI hardware closed up more than 10%, making Super Micro Computer the day’s best performing stock in the S&P 500. It was added to the index just last month.
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Illustration: Westend61 (Getty Images)
Photo: Brendan McDermid (Reuters)
Could Middle East tension escalate oil prices?
Strategist Lou Basenese of Public Ventures LLC tells Quartz how the war in the Middle East could affect energy prices and our wallets
AI stocks to consider if you missed Nvidia’s run
Lou Basenese of Public Ventures LLC on why buying Microsoft may be a better AI play than Nvidia
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