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DEA Crosses Above Key Moving Average Level

6 years 2 months ago
In trading on Wednesday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $23.96, changing hands as high as $24.14 per share. Easterly Government Properties Inc shares are currently trading up about 1% on the day. The c

Notable Two Hundred Day Moving Average Cross - STRA

6 years 2 months ago
In trading on Wednesday, shares of Strategic Education Inc (Symbol: STRA) crossed below their 200 day moving average of $150.81, changing hands as low as $125.01 per share. Strategic Education Inc shares are currently trading down about 23% on the day. The chart below shows

Sports and SPACs: Sports team owner-led SPACs are a growing trend

6 years 2 months ago
Recent IPO filer RedBall Acquisition (RBAC.U) is looking to bring sports into SPACs. The blank check company plans to raise $500 million to acquire a professional sports franchise, specifically citing European football clubs. Led by a group of experienced sports executives, its c

Shopify Revenue Soars Amid Rapid Shift to E-Commerce

6 years 2 months ago
Shares of Shopify (NYSE: SHOP) jumped on Wednesday, rising to a new all-time high. The stock's big gain was fueled by second-quarter results that blew past analyst estimates. "The ongoing effect of the COVID-19 pandemic has been to accelerate the shift of purchase habits to e-co

Denbury Resources to File for Bankruptcy

6 years 2 months ago
Denbury Resources (NYSE: DNR) has agreed to a restructuring support agreement with the majority of its creditors to eliminate $2.1 billion of the company's bond debt. As a result, Denbury plans to file for Chapter 11 bankruptcy later this week to implement this pre-packaged p

Why Goldman Sachs Just Raised $700 Million for a New SPAC

6 years 2 months ago
A special purpose acquisition company (SPAC) is a publicly traded shell company formed for the purpose of acquiring a privately held company, which has the effect of taking that acquired company public. SPACs have become an interesting alternative for companies interested in acc

Stocks Slide as Tech Stalls Again

6 years 2 months ago
Stocks dipped sharply in the final hour of trading on Tuesday, as tech regressed from yesterday’s bounce and the busiest week of earnings season continued. One day after leading the market higher and starting this week on positive footing, tech stocks returned to their rece
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