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Churchill Capital Corp. IV spikes up to 17% after Barstool Sports founder Dave Portnoy says he bought the stock13h ago ( February 26, 2021 at 1:06 PM ) Getty Images / Cliff Hawkins
Churchill Capital Corp IV spiked up to 17% on Friday after Barstool Sports founder Dave Portnoy tweeted that he bought the stock.The EV maker has had a volatile week, with shares down 52% since it announced its planned merger with Lucid Motors."I had a billion people tell me $CCIV was the go button today. I bought it. I'll prob get killed," Portnoy tweeted.Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Churchill Capital Corp...Tags: Finance, Trends, Markets, Trading, Warren Buffett, Stock Market, Robinhood, Churchill, Portnoy, Matthew Fox, Barstool Sports, Lucid Motors, Dave Portnoy, Mover, Churchill Capital, Churchill Capital Corp 81 people like this. Like Pandion Therapeutics soars 132% after Merck agrees to buy the biotech for $1.85 billionFebruary 25, 2021 at 9:17 AM Merck & Co. CEO Kenneth C. Frazier
Stephanie Keith / Stringer / Getty Images
Pandion Therapeutics soared 132% on Thursday after Merck agreed to acquire the biotech firm for $1.85 billion.Merck will initiate a tender offer through a subsidiary to acquire all outstanding shares of Pandion for $60 per share.Pandion develops therapeutics targeting patients living with autoimmune diseases.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Merck sparked a 132% surge in Pandi...Tags: Finance, Trends, Markets, Merck, Stock Market, Merck Co, Matthew Fox, Merck Research Laboratories, Pandion Therapeutics, Pandion, Mover, Merger and Acquisitions, Stock Market 2021, Merck stock, Merck stock price, Kenneth C Frazier Stephanie Keith Stringer Getty 117 people like this. Like People's United jumps 14% after M&T agrees to buy the regional bank for $7.6 billionFebruary 22, 2021 at 10:37 AM Lucas Jackson/Reuters
People's United Financial surged 14% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 14% on Monday after M&T Bank agre...Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial 69 people like this. Like People's United jumps 10% after M&T agrees to buy the regional bank for $7.6 billionFebruary 22, 2021 at 9:11 AM Lucas Jackson/Reuters
People's United Financial surged 10% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 10% on Monday after M&T Bank agre...Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial 148 people like this. Like EHang extends two-day decline to 72% after short-seller says drone company is a stock promotionFebruary 17, 2021 at 8:55 AM Getty Images / Xinhua News Agency
EHang, a drone company based in China, extended its two-day decline to more than 70% after a negative short report.Wolfpack Research said in a report on Tuesday that EHang is an "elaborate stock promotion."EHang has responded to the report, calling it "deceptive" and "unsubstantiated."Sign up here for our daily newsletter, 10 Things Before the Opening Bell.EHang extended its two-day decline to more than 70% on Wednesday after a short-seller report from Wol...Tags: Finance, China, Trends, Markets, Drones, Trading, Stock Market, Ehang, Short Sellers, Wolfpack, Matthew Fox, Mover, Wolfpack Research, Stock Market 2021, Getty Images Xinhua News Agency EHang, IPO Wolfpack 141 people like this. Like EHang snaps back from 63% decline after short-seller says drone company is a stock promotionFebruary 17, 2021 at 9:43 AM Getty Images / Xinhua News Agency
EHang, a drone company based in China, snapped back from its 63% decline on Wednesday after a negative short report.Wolfpack Research said in a report on Tuesday that EHang is an "elaborate stock promotion."EHang has responded to the report, calling it "deceptive" and "unsubstantiated."Sign up here for our daily newsletter, 10 Things Before the Opening Bell.EHang snapped back from its 63% decline on Wednesday after a short-seller report from Wolfpack Resea...Tags: Finance, China, Trends, Markets, Drones, Trading, Stock Market, Ehang, Short Sellers, Wolfpack, Matthew Fox, Mover, Wolfpack Research, Stock Market 2021, Getty Images Xinhua News Agency EHang, IPO Wolfpack 148 people like this. Like Generac soars 10% amid surging demand for generators as historic Texas snowstorm leads to state-wide blackoutsFebruary 16, 2021 at 3:04 PM Montinique Monroe/Getty Images
Generac soared as much as 10% on Tuesday to record highs amid surging demand for its backup generators.The strong demand for residential generators could increase after a historic snowstorm blanketed Texas with snow and led to state-wide blackouts.Generac is up nearly 60% year-to-date and revealed a strong order backlog for its products in its earnings report.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Generac soared as ...Tags: Texas, California, Trends, Markets, Bank Of America, Stock Market, Goldman, Gamestop, EBITDA, Stifel, BofA, Generac, Matthew Fox, Mover, Analyst Note, Montinique Monroe Getty 107 people like this. Like Fisker spikes 26% after Morgan Stanley says its 'deceptively low execution risk' makes it stand out in crowded EV spaceFebruary 12, 2021 at 10:59 AM The Fisker Ocean.
Fisker
Fisker Inc. spiked 26% on Friday after Morgan Stanley initiated the EV company with an Overweight rating. Morgan Stanley set a $27 price target for the company, representing 76% potential upside.Fisker has "deceptively low execution risk" that makes it stand out in the crowded EV space, Morgan Stanley said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Fisker Inc. spiked as much as 26% on Friday following a bullish initiation note from Morg...Tags: Trends, Markets, Ocean, Barclays, Stocks, Stock Market, Morgan Stanley, Jonas, Movers, Ev, Fisker, SPAC, Magna, Adam Jonas, Matthew Fox, Fisker Automotive 53 people like this. Like Globalstar extends 2-day surge to 142% after Qualcomm says it will use the company's technology in new 5G modemFebruary 10, 2021 at 12:14 PM Globalstar.
Globalstar extended its two-day surge to 142% on Wednesday after a deal with Qualcomm sent the stock soaring Tuesday.
"Qualcomm's support of Band n53 represents a significant milestone in our efforts to commercialize our spectrum," said Kyle Pickens, VP of Strategy.
Globalstar's stock has jumped 780% year-to-date through Wednesday's intraday high.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Globalstar extended its two-day surge to 142% at intraday...Tags: Nokia, Global, US, Trends, Markets, Stocks, Leo, Stock Market, Seattle, Goldman, Qualcomm, 5g, Movers, Globalstar, Mover, Will Daniel 149 people like this. Like Elon Musk says in a tweet that he bought dogecoin for his son, sparking a 16% surge in the 'meme' tokenFebruary 10, 2021 at 11:08 AM Reuters
Elon Musk's tweet spree on Dogecoin continued on Wednesday after he said he bought some of the meme-based token for his son.The tweet sparked a swift 16% surge in the cryptocurrency."Bought some Dogecoin for lil X, so he can be a toddler hodler," Musk tweeted.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Elon Musk sparked another surge in Dogecoin on Wednesday after he tweeted to his 46 million followers that he bought some for his 9-month old son, X Æ A-...Tags: Elon Musk, Finance, Trends, Markets, Tesla, Goldman, Gamestop, Movers, Musk, Markus, Dogecoin, Matthew Fox, Reuters Elon Musk, Billy Markus, Mover, Cryptocurrecny 69 people like this. Like Glu Mobile soars 34% after Electronic Arts agrees to $2.4 billion takeoverFebruary 9, 2021 at 8:51 AM Andrew Wilson, CEO of Electronic Arts
Kevork Djansezian / Stringer
Smartphone game developer Glu Mobile and Electronic Arts have agreed to a $2.4 billion merger.Glu Mobile developed the popular smartphone game, Kim Kardashian: Hollywood, among others.Shares of Glu surged as much as 34% on Tuesday following the takeover news. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Glu Mobile surged as much as 34% on Tuesday after Electronic Arts agreed to acquire the mobile ...Tags: Mobile, Hollywood, Kim Kardashian, Finance, Trends, Markets, Glu Mobile, Ubs, Stock Market, Movers, Andrew Wilson, Electronic Arts, Glu, Matthew Fox, Mover, Stock Market 2021 117 people like this. Like Vaxart plummets 62% after its oral COVID-19 vaccine fails to produce antibodiesFebruary 3, 2021 at 12:24 PM A trader reacts during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City.
JOHANNES EISELE/AFP via Getty Images
Vaxart crashed as much as 62% on Wednesday after the company said its oral COVID-19 vaccine candidate did not produce antibodies.The results came from a preliminary data analysis of its Phase 1 trial of VXA-CoV2-1.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Vaxart said it observed positive prelim...Tags: Wall Street, US, Trends, Markets, Trading, SEC, Stocks, Stock Market, Movers, Nyse, Afp, RBC Capital Markets, New York Stock Exchange NYSE, Matthew Fox, Vaxart, Mover 145 people like this. Like GW Pharmaceuticals soars 46% after Jazz Pharma agrees to $7.2 billion acquisition of the CBD biopharma companyFebruary 3, 2021 at 11:33 AM Canada-based marijuana producer Aurora Cannabis pulled off a high sales volume during the early months of the coronavirus pandemic
Denver Post via Getty
GW Pharmaceuticals stock soared 46% on Wednesday after Jazz Pharma said it would buy the company for $7.2 billion.The proposed deal will include $200 in cash and $20 in shares of Jazz Pharma, and is expected to close in the second quarter of 2021.GW Pharma is the first company to receive FDA approval for medicine derived from the cannabis p...Tags: UK, Trends, Markets, Canada, Jazz, Fda, Stock Market, Pharma, Merger, Jefferies, Movers, Gw, Denver Post, RBC Capital Markets, Jazz Pharmaceuticals, GW Pharmaceuticals 142 people like this. Like GW Pharmaceuticals soars 46% after Jazz Pharma agrees to $7.2 billion acquisition of the medical-marijuana companyFebruary 3, 2021 at 9:05 AM Canada-based marijuana producer Aurora Cannabis pulled off a high sales volume during the early months of the coronavirus pandemic
Denver Post via Getty
GW Pharmaceuticals stock soared 46% on Wednesday after Jazz Pharma said it would buy the company for $7.2 billion.The proposed deal will include $200 in cash and $20 in shares of Jazz Pharma, and is expected to close in the second quarter of 2021.GW Pharma is the first company to receive FDA approval for medicine derived from the cannabis p...Tags: UK, Trends, Markets, Canada, Jazz, Fda, Stock Market, Pharma, Merger, Jefferies, Movers, Gw, Denver Post, RBC Capital Markets, Jazz Pharmaceuticals, GW Pharmaceuticals 71 people like this. Like GameStop and AMC plunge by more than 50% as Reddit short squeeze begins to fadeFebruary 2, 2021 at 11:22 AM Getty Images / Xinhua News Agency
Reddit day traders are failing to hold the line, based on Tuesday's trading of GameStop and AMC.GameStop plunged by as much as 67% on Tuesday after falling by 31% on Monday.AMC Entertainment had fallen by 55% at intraday lows on Tuesday after trading flat on Monday.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The epic short-squeeze rallies fueled by traders on Reddit's Wall Street Bets forum are unwinding, based on Tuesday's tra...Tags: Finance, Amc, Trends, Markets, Reddit, Stocks, Stock Market, Gamestop, Movers, Wells Fargo, Matthew Fox, AMC Entertainment, Mover, Gamestop stock price, Stock Market 2021, Gamestop Stock 70 people like this. Like GameStop and AMC plunge more than 50% as Reddit short squeeze begins to fadeFebruary 2, 2021 at 10:57 AM Getty Images / Xinhua News Agency
Reddit day-traders are failing to hold the line, based on Tuesday's trading activity of GameStop and AMC Entertainment.GameStop plunged as much as 67% on Tuesday after falling 31% in Monday's trading session.AMC Entertainment fell 55% at intraday lows on Tuesday after trading flat on Monday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The epic short-squeeze rallies fueled by Reddit's WallStreetBets traders are beginning to unw...Tags: Finance, Amc, Trends, Markets, Reddit, Stocks, Stock Market, Gamestop, Movers, Wells Fargo, Matthew Fox, AMC Entertainment, Mover, Gamestop stock price, Stock Market 2021, Gamestop Stock 65 people like this. Like Novavax spikes 76% after UK study shows its COVID-19 vaccine is 89% effectiveJanuary 29, 2021 at 12:02 PM Joe Raedle/Getty Images
Novavax soared 76% on Friday after a UK study on its COVID-19 vaccine demonstrated 89% efficacy in preventing the virus.The vaccine demonstrated clinical efficacy against the UK and South Africa variant strains.Novavax's efficacy results edged out Johnson and Johnson's, which helped boost shares even further.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Novavax soared as much as 76% on Friday after a UK study on its COVID-19 vaccine candid...Tags: UK, Trends, Markets, South Africa, Reddit, Stocks, Fda, Johnson, Stock Market, Gamestop, Movers, Novavax, Joe Raedle Getty, Matthew Fox, Novavax Stock, Mover 62 people like this. Like Novavax spikes 67% after UK study shows its COVID-19 vaccine is 89% effectiveJanuary 29, 2021 at 9:00 AM Joe Raedle/Getty Images
Novavax soared 67% on Friday after a UK study on its COVID-19 vaccine demonstrated 89% efficacy in preventing the virus.The vaccine demonstrated clinical efficacy against the UK and South Africa variant strains.Novavax's efficacy results edged out Johnson and Johnson's, which helped boost shares even further.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Novavax soared as much as 67% on Friday after a UK study on its COVID-19 vaccine candid...Tags: UK, Trends, Markets, South Africa, Reddit, Stocks, Fda, Johnson, Stock Market, Gamestop, Movers, Novavax, Joe Raedle Getty, Matthew Fox, Novavax Stock, Mover 128 people like this. Like Novavax spikes 49% after UK study shows its COVID-19 vaccine is 89% effectiveJanuary 29, 2021 at 9:40 AM Joe Raedle/Getty Images
Novavax soared 49% on Friday after a UK study on its COVID-19 vaccine demonstrated 89% efficacy in preventing the virus.The vaccine demonstrated clinical efficacy against the UK and South Africa variant strains.Novavax's efficacy results edged out Johnson and Johnson's, which helped boost shares even further.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Novavax soared as much as 49% on Friday after a UK study on its COVID-19 vaccine candid...Tags: UK, Trends, Markets, South Africa, Reddit, Stocks, Fda, Johnson, Stock Market, Gamestop, Movers, Novavax, Joe Raedle Getty, Matthew Fox, Novavax Stock, Mover 85 people like this. Like These 7 Reddit stock darlings are cratering as brokerages restrict buying in hot namesJanuary 28, 2021 at 1:28 PM Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images
A controversial decision by brokerage firms to limit buying in certain high-flying stocks led to sizable intraday declines in so-called Reddit darlings on Thursday.Robinhood and Interactive Brokers took action to limit buying after an epic short-squeeze in GameStop sparked by Reddit traders spilled over into a handful of other stocks.Detailed below are the seven Reddit stocks that cratered on Thursday.Sign up here for our daily ne...Tags: Amc, Trends, Markets, Reddit, Stocks, Stock Market, Robinhood, Gamestop, Movers, Short Sellers, Short Selling, Matthew Fox, Express Inc, Mover, Retail Investing, Retail Investors 100 people like this. Like 10 highly shorted stocks are soaring as Reddit traders wage war against top Wall Street hedge fundsJanuary 27, 2021 at 4:01 PM Reuters / Lucas Jackson
The Wall Street Bets forum on Reddit - now 3 million members strong - is flexing its muscle against hedge funds.The forum has sparked an epic short squeeze in shares of GameStop, which is now spilling over into other highly shorted stocks.Detailed below are the 10 highly shorted stocks that are soaring at the expense of many hedge funds.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.An extreme level of herd mentality led by Reddit's 3 milli...Tags: Amc, Trends, Markets, Virgin Galactic, Reddit, Trading, Stocks, Stock Market, Goldman, Gamestop, Movers, Reuters, Short Sellers, Short Selling, Ligand, Citadel 67 people like this. Like These 10 highly-shorted stocks are soaring as Reddit traders wage war against top Wall Street hedge fundsJanuary 27, 2021 at 1:15 PM Reuters / Lucas Jackson
The WallStreetBets forum on Reddit - now 3 million members strong - is flexing its muscle against hedge funds.The forum has sparked an epic short squeeze in shares of GameStop, which is now spilling over into other highly shorted stocks.Detailed below are the 10 highly shorted stocks that are soaring at the expense of many hedge funds.Sign up here for our daily newsletter, 10 Things Before the Opening Bell. An extreme level of herd mentality led by Reddit's 3 millio...Tags: Mac, Amc, Trends, Markets, Virgin Galactic, Reddit, Trading, Stocks, Stock Market, Goldman, Gamestop, Movers, Reuters, Short Sellers, Short Selling, Ligand 106 people like this. Like Billionaire investor Chamath Palihapitiya follows Reddit investors into GameStop with purchase of bullish options that start paying out if the stock soars another 28%January 26, 2021 at 12:23 PM Brian Ach/Getty
Billionaire investor Chamath Palihapitiya joined Reddit investors and piled into GameStop with a purchase of bullish call options on Tuesday.Palihapitiya tweeted on Tuesday that he purchased $115 call options that expire on February 19."Let's gooooooo!!!!!!!!" Palihapitiya tweeted.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Chamath Palihapitiya has followed investors of the popular WallStreetBets forum on Reddit and bought out-of-the-money call ...Tags: Trends, Markets, Reddit, Goldman, Gamestop, Movers, Chamath Palihapitiya, Short Sellers, Citadel, Steve Cohen, Ken Griffin, Options, GME, Matthew Fox, Melvin Capital, Palihapitiya 101 people like this. Like Chewy founder Ryan Cohen has reaped a 1,700% return from a $76 million GameStop investment he made last yearJanuary 25, 2021 at 3:32 PM Ryan Cohen
Chewy.com co-founder Ryan Cohen acquired a 12.9% stake in GameStop last year for $76 million.At Monday's high of $159.18, Cohen's stake in the video game retailer had swelled to $1.4 billion, good for a roughly 1,700% return.Cohen recently gained three board seats and is pushing the company to transform into a specialized e-commerce retailer. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Activist investor Ryan Cohen's investment into GameStop last year...Tags: Trends, Markets, Reddit, Stock Market, Gamestop, Movers, Petsmart, Cohen, Chewy, Matthew Fox, Ryan Cohen, Mover, Gamestop stock price, Stock Market 2021, Gamestop Stock, Ryan Cohen Chewy 145 people like this. Like BlackBerry extends its week-long rally to more than 100% after patent settlement with FacebookJanuary 25, 2021 at 8:44 AM John Chen, CEO of BlackBerry, gives an interview following the opening of his company's stock at the New York Stock Exchange (NYSE) in New York, U.S., October 16, 2017.
Brendan McDermid/Reuters
BlackBerry soared as much as 40% on Monday as it extended its gains from a patent settlement with Facebook announced earlier this month.Since the announcement, shares of BlackBerry have more than doubled to the $20 level.The terms of the patent settlement between the two technology companies were...Tags: Amazon, Facebook, New York, Trends, Markets, Aws, Blackberry, Movers, Nyse, Brendan McDermid Reuters, John Chen, New York Stock Exchange NYSE, Matthew Fox, Facebook BlackBerry, Mover, BlackBerry stock 50 people like this. Like Climate Change SPAC soars 80% amid plans to merge with electric-vehicle charging network EVgoJanuary 22, 2021 at 9:48 AM Jackyenjoyphotography/Getty Images
Electric vehicle charging network EVgo is going public via a merger with the Climate Change Crisis Real Impact I SPAC.The merger will value EVgo at $2.6 billion and raise $575 million in proceeds for the company to expand its charging network.Shares of the Climate Change SPAC soared as much as 80% in Friday trades.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The Climate Change Crisis Real Impact I SPAC soared as much as 80% on ...Tags: Lyft, Finance, Trends, Markets, Tesla, Electric Vehicles, Trading, Stocks, Stock Market, Goldman, Movers, SPAC, David Crane, Matthew Fox, Mover, SPAC IPO 76 people like this. Like Affirm extends its 2-day post-IPO surge to 160%January 14, 2021 at 11:48 AM Affirm
Affirm continued its post-IPO winning streak on Thursday. The stock has now surged as much as 160% in just two days of public trading.
The online installment loan provider recently , selling 24.6 million shares for $49 each.
Since Affirm's founding, more than 6 million consumers have used the online lender to pay overtime.
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Affirm extended its two-day post-IPO streak on Thursday as shares surged 31% at intrad...Tags: Trends, Markets, Peter Thiel, SEC, Stocks, Stock Market, Nasdaq, Max Levchin, Affirm, Movers, Spark Capital, GIC, Levchin, Tech Stocks, Mover, Stock Mover 76 people like this. Like Elon Musk tweeted a meme that helped spark a 4% jump in a Japanese video game stockJanuary 13, 2021 at 9:59 AM Mike Blake/Reuters
Shares of Bandai Namco, a Japanese video game maker, surged as much as 4% after Elon Musk tweeted a meme that included a character from one of its properties."Hey you...Yeah you Queen...You're gonna make it!" Musk tweeted to his 42 million followers along with an accompanying image.Sign up here our daily newsletter, 10 Things Before the Opening Bell.A Tuesday night tweet of a meme from Elon Musk is all it took for shares of Bandai Namco to surge 4% in Wednesday trades."H...Tags: Twitter, Elon Musk, Finance, Trends, Markets, Trading, Stocks, Stock Market, Goldman, Movers, Musk, Meme, Bandai Namco, Mike Blake, Namco, Matthew Fox 118 people like this. Like Zomedica has soared 270% since Carole Baskin of 'Tiger King' promoted the company in a Cameo videoJanuary 12, 2021 at 3:31 PM Josh Pieters and Archie Manners
Shares of Zomedica have soared as much as 270% since a video surfaced online that shows Carole Baskin of Netflix's hit show "Tiger King" promoting the company and one of its products.The video appears to have been made for a user of the Cameo app, where Baskin will record minute long messages for $299."I don't know if you guys have heard about Zomedica, but they help our veterinarians and our furry friends," Baskin said.Sign up here our daily newsletter, 10 ...Tags: Trends, Markets, Netflix, Trading, Stocks, Stock Market, Goldman, Movers, Baskin, Matthew Fox, Penny Stock, Carole Baskin, Penny Stocks, Cameo app, Mover, Josh Pieters 97 people like this. Like EV startup Faraday Future targets $3 billion public debut as SPAC craze continuesJanuary 11, 2021 at 1:07 PM The Faraday Future FF91.
Lucy Nicholson/Reuters
EV startup Faraday Future is looking to go public via a merger with a SPAC, Bloomberg reported. Property Solutions Acquisition Corp is in talks with Faraday to bring the EV maker public at a valuation of about $3 billion, according to Bloomberg.Property Solutions traded up as much as 21% following the report.Visit Business Insider's homepage for more stories.The SPAC craze has continued into 2021 as electric vehicle startup Faraday Future look...Tags: Trends, Markets, Tesla, Bloomberg, Nvidia, Trading, Stocks, Stock Market, Movers, Faraday, Faraday Future, Reuters, Ev, SPAC, Jia Yueting, Lucy Nicholson 142 people like this. Like |