ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Last Friday’s 29% plunge in Opera Limited (OPRA) seized the attention of the company and its “cornerstone shareholder” Kunlun Tech Limited. With the swiftness of a crisis management team, the two combined to sing a sweeter tune for investors. In a follow-up SEC filing, Opera Limited clarified that last week’s announced shelf filing simply replaces … Read more
In just a few days, I transitioned from being completely unaware of Celsius Holdings (CELH) to lamenting my chance encounter with the fitness beverage company. Celsius Holdings caught my interest last week after breaking out to an all-time high. After CELH pulled back 15.1% off an all-time high, I made a fresh case for buying … Read more
ReneSola (SOL) is down 64.9% from its near 10-year high set in January. The company celebrated that high by announcing a secondary stock offering…its fifth in 4 months. SOL came back stronger and better from the first four secondaries of the series. The fifth secondary stock offering finally broke the bank (meaning ReneSola overwhelmed the … Read more
E-commerce platform company Shopify (SHOP) has been on a hot streak of secondary stock offerings. In 2020, the company raised $2,578,591 in two separate stock offerings. SHOP cashed in again this week by raising another $1,551,700 in a secondary stock offering of 1.18M shares priced at $1315. The company stated the funds will “strengthen its … Read more
A stock offering is an opportunity for a publicly traded company to raise money for corporate investment, strengthening the balance sheet, and/or funding operations. Insider shareholders can also sell their shares to the public through a stock offering. Like any seller, these parties want to maximize the money generated from the stock sales. As a … Read more