Get started

Stockstowatch

Closing of $103.5 Million Upsized Initial Public OfferingLMF Acquisition Opportunities, Inc. Announces Closing of $103.5 Million Upsized Initial Public Offering, Including Full Exercise of the Overallotment Option the closing of its upsized initial public offering of 10,350,000 units, which included the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit. Each unit consisted of one share of Class A common stock and one redeemable warrant, each warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. finance.yahoo.com
NASDAQ:LMFA
by AlenCiken
Silver Lake cashes out on AMC for $713 million after Reddit-fuelBuyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price of the shares as traders organizing on social media platforms such as Reddit snapped them up. The trade puts Silver Lake and its co-investors in the black following a $600 million convertible bond investment that the private equity firm made in AMC in 2018. Such an outcome looked unlikely when AMC, the world's largest movie theater chain, was battling to stave off bankruptcy last summer, a move it avoided thanks to a debt restructuring deal with Silver Lake and its creditors. Silver Lake was able to convert the bonds into shares thanks to the rally pushing AMC's stock above the bonds' conversion price this week. AMC stock price surged as traders targeted heavily shorted stocks . Silver Lake sold its stake over several open-market transactions that day, according to regulatory filings. AMC itself also capitalized on the rally. It raised $304.8 million by selling shares this week. It is considering new moves to raise capital through stock sales, sources told Reuters on Thursday.
NYSE:AMC
by AlenCiken
3
SPY perspectives - two potential scenarios (update)Friday we saw big activity in volumes and the price pushed below the internal support line. With the two cases currently we are taking the path of the bearish one. On Thursday we've closed in a pinbar which was an additional price action confirmation that we are heading into a reversal. If the current conditions remain I would expect for the price to fall down towards the $360 zone. It is a psychological level as well and there will be an attempt to keep that zone unbreached. Technicals are all in faveour of a correction. Fundamentals remain to be worsened, but definetly Wall Street does not like the trading of WSB's participants and that gives a negative tick to the market.
AMEX:SPYShort
by DailyChartist
SIEB Soars as Reddit Feed Targets Another Short SqueezeBrokerage Firm Siebert Soars as Reddit Feed Targets Another Short Squeeze SIEB spiked Friday after the brokerage firm became the latest stock to attract the attention of ordinary investors prompted by a Reddit message board called WallStreetBets. Siebert, which does retail brokerage business through its Muriel Siebert subsidiary, said that it has not released any news on Friday, Dow Jones reported. WallStreetBets has been trying to collectively push shares of these companies higher in a bid to force hedge funds and other large investors to abandon their short positions -- bets that stock prices will decline -- in those companies. www.thestreet.com
NASDAQ:SIEB
by AlenCiken
2
About to take flight?I have been waiting for some of the most unloved parts of the market to pick up and that includes RTX and Aerospace. A decent reversal might be setting up if todays price action is any indication of what could come in the future. Stock is still well below highs in June and I think the outlook is better now then it was then. If we can hold this support zone and break above the trendlines the stock could be heading higher toward 76. Below 64 means the play is invalid. Not investment advice
NYSE:RTXLong
by IngenuityTrading
2
Reddit army buying heavily shorted REV stockShares of REV were jumping again as a massive short squeeze on consumer stocks continued into its third day. The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons. Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with REV stock. When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase. At Revlon, 31% of the stock's float was sold short as of the end of December. www.fool.com
R
by AlenCiken
A massive short squeeze on PETSShares of PETS were jumping again as a massive short squeeze on consumer stocks continued into its third day. The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks, There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons. Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with all three of these stocks. When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase. Though only about 15% of the float is sold short, traders were aggressive to pump up the stock as daily trading volume rose as high as 358 million shares on Monday, up from around 3 million normally. As of midday today, volume had already topped 200 million. PetMed Express, an online pet pharmacy, entered the new year with 41% of it stock sold short. www.fool.com
NASDAQ:PETS
by AlenCiken
Why GSX stock soared? Short-sellers are getting squeezed.......The coronavirus is getting worse in China, and it's possible that investors believe that's a good thing for GSX. GSX is a remote-education company in China, and its business grew substantially in 2020. And if COVID-19 gets worse in that country, it's possible 2021 will be another good year for this business. According to The Associated Press, new coronavirus cases are causing the Chinese government to lock down two hospitals in Shanghai. it appears investors might expect GSX Techedu's services will be in greater demand if the pandemic worsens in China. This is further complicated by short interest in this stock. According to Yahoo! Finance, around half of the stock's float was sold short up until recently. If investors are buying shares over the last few days because of the news coming out of China, it could be causing a short squeeze, as short-sellers are forced to cover their bearish positions. Over 22% of GSX stock is sold short, giving it a short interest ratio of almost 14 days (anything over seven days is considered a lot). While that indicates short-sellers are getting squeezed, or being forced to cover their positions at ever-higher prices, it's more just a phenomenon flooding the market at the moment. the company is under fire from many popular short-sellers, who claim GSX Techedu is a fraud. And the company has indeed admitted that it is under investigation from the Securities and Exchange Commission (SEC). While that investigation is ongoing and it may turn out that everything is above board, this has caused a lot of people to actively bet against this stock. The company faces the possibility of being delisted from major U.S. exchanges if the SEC finds wrongdoing. Therefore, it's important to approach a GSX Techedu investment fully aware of this risk. Investors shouldn't be swayed by these price swings, and investors would be smart to sit on the sidelines until GSX Techedu sorts out the battle taking place between short-sellers and those long on its stock. www.fool.com
G
by AlenCiken
Overstock to be limited partner in blockchain fundOverstock Partners with Pelion Venture Partners to Oversee Medici Ventures’ Blockchain Assets Overstock to be limited partner in blockchain fund OSTK today announces it will be converting Medici Ventures, Inc., its wholly owned blockchain-focused subsidiary, to a limited partnership (the “Fund”). An entity within Pelion Venture Partners, a third-party venture capital firm with a proven track record of successfully investing in early stage companies, will act as the general partner of the Fund. Pelion has blockchain and technology expertise with early stage companies and has helped guide many companies to economic success. Under the arrangement, which will close after obtaining necessary legal and regulatory approvals, Medici Ventures will be converted into a limited partnership. finance.yahoo.com
O
by AlenCiken