To The Moon

The recent downturn in Bitcoin is intensifying pressure on the world's largest corporate cryptocurrency treasury. For the first time since 2023, the digital asset's price has dipped below the average...

BUZZ-Joby Aviation loses altitude after $1 bln stock, convertible deals announced** Shares of electric air taxi maker Joby Aviation JOBY.N down 12.3% in extended trading to $11.73 as it seeks capital raise** Santa Cruz, California-based JOBY announces offerings of convertible bonds due 2032 and common stock for anticipated gross proceeds of $1 bln** Co intends to use net proceeds from concurrent offerings to fund its certification and manufacturing efforts, prepare for commercial operations and for general purposes** It also plans to use portion of CBs proceeds to fund cost of capped calls, derivative transactions employed to mitigate potential dilution** Morgan Stanley, Allen & Co and BofA joint bookrunners for stock offering; Goldman Sachs joins same trio as a joint bookrunner for the CBs offering ** JOBY has about $12 bln market cap** Shares on Weds ended down 0.7% at $13.37. Stock has gained about 60% over the past year** 2 of 11 analysts rate the stock "buy", 6 rate "hold" and 3

UPDATE 1-Bitcoin hoarder Strategy buys $2.13 billion in bitcoin in eight daysCo holds 709,715 bitcoin as of January 19Analyst expects co to continue buying bitcoin during price dipsQuarterly results not key metric for Strategy, analyst saidCo shares drop 7.4%, bitcoin falls 3.6%Adds comments from analyst in paragraphs 5,6 and 9, update sharesBy Prakhar Srivastava. Jan 20 - Billionaire Michael Saylor's bitcoin-focused firm Strategy MSTR.O said on Tuesday it bought about $2.13 billion worth of bitcoin over the past eight days, stepping up purchases even as its stock has been pressured by cryptocurrency volatility.The company acquired roughly 22,305 bitcoin between the period of January 12 and January 19, according to a regulatory filing.The purchases were funded using proceeds from the company’s at-the-market share offering program, Strategy said.Saylor said in an X post on Tuesday that Strategy holds 709,715 bitcoin as of January 19.Earlier this month, Strategy reported an unrealized l

Some analysts are forecasting big gains for shareholders of these businesses.

GameStop(NYSE:GME) stock and AMC Entertainment(NYSE:AMC) shares are in the news today as retail inve

When will Peloton release Q2 earnings?Peloton is scheduled to publish second quarter earnings after

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Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of th