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SpaceX stuck in tight range as lockup expiry adds to post-IPO woes
Reuters3d agoneutral
SpaceX stuck in tight range as lockup expiry adds to post-IPO woes

SpaceX shares seesawed on Thursday as investors weighed the impact of insider selling on the stock, which has had a ‌turbulent run since its market debut. When a company goes public, its executives, employees and early investors are ​typically barred from selling their shares for up to 180 days under lock-up agreements designed to curb volatility and support the stock. SpaceX, however, had an unusual arrangement under which up to 20% of the restricted shares could be sold starting Thursday, the second trading day after its second-quarter earnings release.

SpaceX's $300 Billion Mobile Opportunity Is Harder Than It Looks
Trefis3d agoneutral
SpaceX's $300 Billion Mobile Opportunity Is Harder Than It Looks

SpaceX (SPCX) has executed reusable rocket landings, built the world's largest satellite constellation, and is looking to enable computing in orbit. Now, after transforming space infrastructure, the company is setting its sights on a far more conventional but enormous market: consumer wireless, a U.S. industry that generates over $300 billion in annual revenue.

Is DaVita (DVA) a Great Value Stock Right Now?
Zacks3d agoneutral
Is DaVita (DVA) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Dow and Nasdaq Head in Different Directions
Barrons.com3d agoneutral
Dow and Nasdaq Head in Different Directions

The Dow Jones Industrial Average rose 117 points, or 0.2%. The Nasdaq Composite fell 0.4%. The gap between the Dow and Nasdaq was largely driven by their respective exposures to tech: Software and chip stocks were pulling back after rallying earlier this month.