Skip to content
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani discuss a possible merger between Astrazeneca and Gilead Sciences. ...
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 […]...
Even if it's not a huge purchase, we think it was good to see that Nora Sullivan, the Independent Chairman of 22nd......
Shares in PG&E Corp. (PCG) sank as much as 13% in pre-market trading after the debt-strapped U.S. utility announced that a group of investors agreed to commit to a $3.25 billion equity investment at a discounted share price.The U.S. utility disclosed that a number of investors, including Appaloosa, Third Point LLC, Fidelity Management & Research Co. LLC and Zimmer Partners, have committed to buy shares at a price of up to $10.50 in an offering to generate $3.25 billion. The stock plunged as much as 13% in pre-market trading to $10.95 after closing at $12.52 on Friday.The equity investment agreement is part of the power provider’s plan to raise a total of $5.75 billion from public offerings as it embarks on a plan to exit from its bankruptcy, it said in a SEC filing.Over the weekend, Reuters reported that PG&E is working on a $11 billion debt-financing package as it seeks...
The oil giant plans to slash around 15% of its workforce in response coronavirus crisis....
New figures show that Tesla Inc (TSLA) sold 11,095 Shanghai-made Model 3 vehicles in China in May, reports Reuters.This is more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).The CPCA previously revealed that the electric-vehicle maker sold 3,635 vehicles in April- a dramatic 64% drop from the 10,160 units sold in March.Notably, CPCA uses a different counting method than Tesla’s deliveries.Shares in Tesla have now more than doubled on a year-to-date basis, and are currently trading up 2% in Monday’s pre-market trading.With shares at such high levels, analysts are taking a cautious stance on Tesla stock. The Hold analyst consensus is made up of 9 recent buy ratings, 9 holds and 10 sells. (See Tesla’s stock analysis on TipRanks)Meanwhile the average analyst price target stands at $619, indicating 30% downside potential lies ahead.Argus Research’s Bill Selesky recently reiterated his hold rating after Tesla slashed prices by about 6%...
