No, Ronaldo Didn’t Wipe Billions From Coke’s Value
The idea that Ronaldo rejecting Coke at a press conference sent shares reeling down by billions of dollars is a good one. It's not true.
www.sportico.com
ABW Stock Exchange: All Things Investing
- Thread starter Inori
- Start date
www.sportico.com
No, Ronaldo Didn’t Wipe Billions From Coke’s Value
The idea that Ronaldo rejecting Coke at a press conference sent shares reeling down by billions of dollars is a good one. It's not true.
Coca-Cola loses billions in market value after Cristiano Ronaldo snub
Shares of Coca-Cola fell after soccer superstar Cristiano Ronaldo opted to switch two bottles of the carbonated beverage for water before recovering in early trading on Wednesday.
Mr.LV
OG
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‘Meme’ stock prices may not properly reflect demand -NYSE president
The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.
www.reuters.com
June 16, 20219:24 PM EDTLast Updated 5 hours ago
Business
‘Meme’ stock prices may not properly reflect demand -NYSE president
John Mccrank
NEW YORK, June 16 (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.
“Meme stocks,” which often start as low-priced, highly shorted stocks that users of online forums such as Reddit’s WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.
Shares of companies like video game retailer GameStop Corp (GME.N) and theater chain operator AMC Entertainment (AMC.N) have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.
"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic," said Stacey Cunningham, president of Intercontinental Exchange Inc's (ICE.N) NYSE.
"That price formation is not really reflective of what supply and demand is," she said at a conference hosted by CNBC.
Retail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.
In meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.!
The majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.
Retail brokers say payment for order flow lowers overall costs for individual traders.
But the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.
The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.
Reporting by John McCrank in New York Editing by Matthew Lewis
If I wasn't in already I'd probably sit it out. But at the same time I feel like it's due to shoot up again. If u go in just be super cautious no one can really say what's gonna happen.
Mr.LV
OG
Yeah I got the email 6:32 this morning for the AMC Annual Meeting of Shareholders
Inori
NAWF
Same here... I was curious about the first question about whether or not to increase shares. Wouldn't that decrease the value? Been looking around for information on the pros and cons of voting to increase shares or to not increase
Mr.LV
OG
Yeah they saying the new shares will go in 2022 , I'm trying to see how this will affect the short squeeze
T. Sanford
T. Sanford/Trill Doggy Dog (Legion Of Trill)
I'm still learning the arts of stock. I've been keeping up with AMC stock from a Youtuber name Kenan Grace. It looks like he drop great information too. Imma thug this AMC stock out until word say to cash out
Rubato
it only matters to us
SEC Form 4 Insider Trading Screener - - OpenInsider
SEC Form 4 Insider Trading Screener. Monitor SEC Form 4 Insider Trading Filings for Insider Buying and Selling. Real-time Insider Trading Stock Screener. Long and Short Trading Ideas using Insider Transaction Data.
openinsider.com
Click the CEO box
Then set min transaction amount to $10K
Look at purchases
Inori
NAWF
What are we looking at here?
Rubato
it only matters to us
Rubato
it only matters to us
Correction: over $75M
703lexus
Ordo Abchao
I wouldnt worry about that. That is like you are I taking out a little less than 1% of what you have you checking/saving account and having that information made public.
#1hiphopjunki3
Go Spurs Go!!
@Inori
man…… I feel kinda bad telling you to wait it out on NVDA. I was reading that it might get as high as 850 a share before the split yesterday.
even with the market being trash this week, NVDA has risen every day…………
hopefully after the split it will be more reasonable before raising in price again.
man…… I feel kinda bad telling you to wait it out on NVDA. I was reading that it might get as high as 850 a share before the split yesterday.
even with the market being trash this week, NVDA has risen every day…………
hopefully after the split it will be more reasonable before raising in price again.