Lockdowns enforced across the world to contain the spread of the new coronavirus have pushed businesses to work from home, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex and Microsoft's Teams. BlueJeans, which has not publicly disclosed its user numbers, counts big enterprises such as Facebook Inc, LinkedIn and ViacomCBS among its customers. Large banks like Goldman Sachs, Morgan Stanley and JPMorgan Chase are also known to use BlueJeans....
Aurora Cannabis (ACB) is taking another hit as the company proposes a reverse split to satisfy NYSE listing requirements. Such moves to boost the stock price are typically signs of companies in distress, but the move doesn’t alter the financial position of Aurora. The company is still participating in 2020 growth catalysts while the stock will remain volatile during this period.Reverse Stock Split DetailsThe Board of Directors has proposed that Aurora Cannabis complete a 1-for-12 reverse stock split. The company now lists 1,313,494,990 common shares outstanding leading to a post-split share count of 109,457,915 shares.The company forecasts the reverse split to take place around a month from now on May 11. Aurora Cannabis has an ongoing at-the-market equity plan suggesting additional shares will be sold to raise cash over the next month leading to a higher share count when the split is complete.The key to the reverse split is the stock...
The coronavirus pandemic has sent shockwaves through the global economy, and investors got another pulse check on employment when the U.S. Labor Department released weekly jobless claims Thursday morning....
Abbott has launched three coronavirus tests in the United States, including an on-site diagnostic kit that can deliver results within minutes and heralded as a game changer by President Donald Trump. Sales at the company's nutrition products division rose 6.3% to $1.90 billion, benefiting from increased demand for children's products in late March as U.S. states began to impose shelter-in-place restrictions to curb the spread of the virus....
Once upon a time, Chesapeake Energy (CHK) was a rising star of the energy world, snapping up assets and blazing a trail towards a fracking future, in which it would supply oil markets around the world.Sea changes in the prices of oil and natural gas, however, combined with a too-aggressive acquisition spree and the debt loads that came with it have all but destroyed Chesapeake Energy's equity value. Over the past five years, the stock has tumbled from a split-adjusted high of more than $3,300 a share, to just $16.38 per share as of Wednesday's close -- vaporizing 99.5% of the stock's value.Now, you may not remember Chesapeake stock ever costing "3,300" a share -- and there's a reason for that. Fact is, Chesapeake stock never actually got anywhere near that high. What it did do was fall so very low that, after close of trading on Tuesday, the company was...
