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Yahoo
4 hours ago
- Business
- Yahoo
Highly shorted Krispy Kreme, GoPro jump as meme stock rally continues
(Reuters) -Shares of some highly-shorted companies, including Krispy Kreme and GoPro, jumped in premarket trading on Wednesday, aided by their names trending on social media forums a day after retail traders piled into department store company Kohl's. Doughnut chain Krispy Kreme jumped 16.1%, building on a near 27% surge on Tuesday. About 14% of Krispy Kreme's outstanding shares available for trading are shorted, according to data compiled by LSEG. Camera maker GoPro also surged about 47% to $2.01. Short interest on the stock was last at 7.7%. Another highly shorted stock - with short interest at 36.7% - was plant-based meat company Beyond Meat, whose shares jumped 10.4% on Wednesday. The growing interest in heavily shorted stocks comes after Kohl's surged 37.6% higher in volatile trading on Tuesday on the back of high retail interest. Mom-and-pop traders bought $9.64 million of its shares that day, the most by this category of investors in about three years, according to data from Vanda Research. Kohl's was flat in premarket trading on Wednesday but is the third most trending ticker on Stocktwits, a retail investor-focused social media platform. Among other highly shorted names, online gifts retailer rose 8.1%. Opendoor Technologies, which has rocketed 440% so far this month, was down 2.6% on Wednesday.
Yahoo
5 hours ago
- Business
- Yahoo
Highly shorted Krispy Kreme, GoPro jump as meme stock rally continues
(Reuters) -Shares of some highly-shorted companies, including Krispy Kreme and GoPro, jumped in premarket trading on Wednesday, aided by their names trending on social media forums a day after retail traders piled into department store company Kohl's. Doughnut chain Krispy Kreme jumped 16.1%, building on a near 27% surge on Tuesday. About 14% of Krispy Kreme's outstanding shares available for trading are shorted, according to data compiled by LSEG. Camera maker GoPro also surged about 47% to $2.01. Short interest on the stock was last at 7.7%. Another highly shorted stock - with short interest at 36.7% - was plant-based meat company Beyond Meat, whose shares jumped 10.4% on Wednesday. The growing interest in heavily shorted stocks comes after Kohl's surged 37.6% higher in volatile trading on Tuesday on the back of high retail interest. Mom-and-pop traders bought $9.64 million of its shares that day, the most by this category of investors in about three years, according to data from Vanda Research. Kohl's was flat in premarket trading on Wednesday but is the third most trending ticker on Stocktwits, a retail investor-focused social media platform. Among other highly shorted names, online gifts retailer rose 8.1%. Opendoor Technologies, which has rocketed 440% so far this month, was down 2.6% on Wednesday. Sign in to access your portfolio
Zawya
5 days ago
- Business
- Zawya
Ether-linked stocks jump as crypto coin hits 6-month high
Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high. Shares of BitMine Immersion Technologies, which holds about $1 billion worth of ether, soared 14%. Other ether holding firms Bit Digital and BTCS added 4% and 12.5%, respectively. Ether climbed to $3,675.81, its highest since January 6, and was last up 5% at $3,601.40, outperforming bitcoin , which eased 0.7% to $118,961 after hitting a record high of $123,153 this week. BitMine, where tech billionaire Peter Thiel is the top investor and Fundstrat's Tom Lee serves as chairman of the board, said on Thursday it had accumulated 300,657 ether in just three weeks and aims to acquire about 5% of over ether supply which currently stands at 120.71 million. A number of other companies recently decided to add ether to their balance sheets, following the example of Strategy , the largest corporate holder of bitcoin. Strategy's bitcoin stockpile was acquired at a sharp discount over the years to current price. SharpLink, which has funded its ether treasury through stock sale over the past seven weeks, said it had raised its current $1 billion share sale plan by an additional $5 billion. Its shares rose 5.6%. Ether benefits from increased usage of U.S.-dollar-pegged tokens known as stablecoins. Most stablecoins are issued and transacted on the underlying blockchain Ethereum, driving up demand for ether to pay transaction fees. "The standout proposition of institutional Ethereum accumulation seems to be stablecoin growth which has been further accelerated by the recent success of Circle IPO," said Matthew Dibb, CIO at Astronaut Capital, a Singapore-based crypto asset manager. "Ethereum is by far the biggest beneficiary of stablecoin usage." The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for stablecoins, a watershed moment for the digital asset industry. "Time will tell whether these treasury companies outperform the core ETH ETF, but given the success of (Strategy) in recent years, it won't stop them from trying." BlackRock's iShares Bitcoin Trust ETF has gained 10% so far this month, while the ether equivalent ETF has added nearly 36% in the same period. Among other crypto stocks, stablecoin issuer Circle Internet gained 2.7%, while crypto exchange Coinbase Global added 2% on Friday.
Yahoo
6 days ago
- Business
- Yahoo
Starbucks Stock Slumps After Jefferies Downgrade
Starbucks (NASDAQ:SBUX) shares slipping 1.6% in premarket trading after Jefferies downgraded the stock to Sell and slapped on a street?low $76 price target, suggesting nearly 18% downside. Andy Barish at Jefferies pointed to softer credit?card spending, lighter foot traffic and weaker app engagement as reasons to dial back U.S. same?store sales forecasts for the next two quarters. Barish also warned that ongoing staffing headaches and heavy investment spending continue to eat into profits. Meanwhile, over at Barclays, Jeff Bernstein trimmed his target to $106 but stayed bullish, citing recent value promotions and a rebound in casual dining trends versus quick?service peers as reasons to keep a Buy rating. This tug?of?war between Jefferies' bearish caution and Barclays' relative optimism underscores just how mixed the outlook is for Starbucks right now. It's worth weighing Barish's concerns about a stretched growth runway against Bernstein's upbeat view on customer metrics before making any calls. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Stocks Rise Pre-Bell as Investors Digest Trump's Latest Tariff Announcements; Fed Meeting Minutes on Deck
The main US stock measures were pointing higher in Wednesday's premarket activity as traders evaluat Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
