Beyond Meat's share price continues to sizzle, soaring another 21% to $168 per share in Monday trading. That means the stock has jumped more than 600% in just over a month since the company went public.Short sellers betting on a share price crash have already lost nearly $600 million.Investors and analysts are scratching their heads as shares in alternative meat company Beyond Meat continue to cook up a storm. Its stock price jumped another 21% to $168 per share in Monday trading. That means the El Segundo, California-based company's stock has soared more than 600% in just over one month since its public debut, giving it a nearly $10 billion valuation and leading critics to liken the stock rally to a bubble. Short sellers betting on a share price crash have already lost nearly $600 million betting against the company, making Beyond Meat the least profitable short in the packaged food and meat sector this year, according to research firm S3 Partners."If shorts don't begin … [Read more...] about Is Beyond Meat’s stock price beyond reason?
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Jakarta (ANTARA) - The Indonesia Stock Exchange's Composite Stock Price Index on Monday strengthened after the lengthy holidays of Eid al-Fitr 1440 Hijri. The Composite Stock Price Index opened 68.18 points higher, or 1.1 percent, to 6,277.29, while the index of the 45 leading stocks, or LQ45, inched up 17.47 points, or 1.78 percent, to 1,000.35 Head of Research at Valbury Sekuritas Alfiansyah remarked here on Monday that transactions on the stock exchange after the long Eid Al-Fitr holidays ended had yet to fully normalize. "However, the Composite Stock Price Index has a likelihood of strengthening in stock trading this week, backed by domestic factors and also positive external factors," Alfiansyah noted. Community consumption during the month of Ramadan and Eid al-Fitr is expected to drive public consumption and impact prices in May and June. The Central Agency of Statistics will release inflation data for May 2019 this afternoon. "The inflation data presented by the agency … [Read more...] about Stock price index strengthens after Eid al-Fitr holidays
Viet Nam News HÀ NỘI — The Hà Nội People’s Court on Monday suspended a trial involving 15 people who were charged with the falsification of stock trading documents, stock price manipulation and fraudulent asset transfers. Due to the absence of lawyers for defendant Vũ Thị Hoa and a number of witnesses, Hoa proposed the trial be postponed to ensure the rights of the defendant. The trial will resume on April 4. The accused include 36-year-old Trần Hữu Tiệp – former management board chairman of the Central Mineral Jsc (MTM), 54-year-old Nguyễn Văn Dĩnh – former director of the mining firm Nari Hamico and former officials of the Bank for Investment and Development of Việt Nam (BIDV) and Tiên Phong Bank (TPBank). The defendants were accused of falsifying trading documents of MTM shares on the Unlisted Public Company Market (UPCoM), manipulating MTM share prices and fraudulently … [Read more...] about Trial on stock price manipulation suspended in Hà Nội
By Jonathan Stempel (Reuters) - Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing. No longer. Buffett said in his annual letter to Berkshire shareholders on Saturday that the conglomerate's stock price will over time "provide the best measure of business performance." In conjunction with that, he plans to deemphasize book value, measuring assets minus liabilities, saying changes at Berkshire and the vagaries of accounting rules mean that gauge has "lost the relevance it once had." The shift is something of a retreat from the 88-year-old Buffett's decades of preaching patience and long-term thinking for investors and Berkshire shareholders, the antithesis of what stock prices often represent. Buffett's business acumen has helped make him the world's third-richest person, worth $82.9 billion (£63.5 billion) according to Forbes magazine, and transformed Berkshire from a failing textile company … [Read more...] about In a shift, Buffett says focus on Berkshire’s stock price
Updated 6:44 am PST, Thursday, February 14, 2019 FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 14. FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 14. Photo: Richard Drew, AP Photo: Richard Drew, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 14. FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock … [Read more...] about Markets Right Now: Weak sales report sinks US stock prices