Car

One of Tesla's most vocal investors sold more than $39 million of the stock ahead of the company's earnings report

27 days ago   |   By Business Insider

Kyle Grillot/Reuters
A RK Investment Management, a relatively small but extremely vocal supporter of Tesla , has trimmed its stake by 150,000 shares ahead of the company's earnings report to be released Wednesday.
Ren Leggi, the firm's lead portfolio manager, said ARK's conviction is strong as ever, but the sales were related to overall trading strategies.
Tesla remains the top holding in ARK's portfolio, at around 10% of its investments.
The electric-car company will report third-quarter earnings on Wednesday, when there's historical precedent for shares to move up to 10% in either...
Read more ...

 

An investment firm raked in $730 million in a single day after making a huge bet on a biotech stock

An investment firm raked in $730 million in a single day after making a huge bet on a biotech stock

27 days ago   |   By Business Insider

Reuters
Investment firm Baker Bros. Advisors profited $730 million Monday after its stake in Seattle Genetics soared on positive drug news, according to Bloomberg data .
The biotech company's tucatinib treatment surpassed expectations in a recent breast cancer study and improved the condition for patients whose cancer had reached their brains, the company said .
Baker Bros. held a 29% stake in the company as of June 30, a position now worth about $5 billion after the positive drug news.
Watch Seattle Genetics trade live here .
Investment firm Baker Bros. Advisors netted a $730 million...
Read more ...

 


Search by Tags

   Car      Business      Tesla      Tesla earnings      ARK Investment Management      Elon Musk      BITranspo      TSLA      Single      Biotech      Seattle Genetics      Baker Bros      Health      SGEN  


'The Walking Dead' star Avi Nash confirms character's fate and talks...

'The Walking Dead' star Avi Nash confirms character's fate and talks Sunday's big twist: 'I wasn't sad by it'

Jace Downs/AMC Warning: There are major spoilers ahead for " The Walking Dead ," season 10, episode seven, "Open Your Eyes." Insider spoke with Avi Nash, who plays Siddiq on... Read more ...

Ambassador Sondland, a key player in the impeachment inquiry, flaunted...

Ambassador Sondland, a key player in the impeachment inquiry, flaunted access to Trump on a loud call in a Ukrainian restaurant, officials allege ahead of his testimony

Chip Somodevilla/Getty Images Testimony from multiple officials as part of the impeachment inquiry has pointed to Gordon Sondland, US Ambassador to the European Union, as a key... Read more ...

Save Big on Household Essentials with Today's Gold Box

Save Big on Household Essentials with Today's Gold Box

Household Essentials Gold Box | Amazon Read more ...

A 19-year-old scores so many goals he's starting to sleep with his winning...

A 19-year-old scores so many goals he's starting to sleep with his winning footballs, calls them his 'girlfriends,' and says Manchester United links are 'boring as f--'

Getty Erling Braut Haaland has quickly becoming one of Europe's hottest young talents having scored 27 goals in 18 games for RB Salzburg this season. The 19-year-old, who says... Read more ...

An 18-year-old Israeli who broke the record for fastest submission in...

An 18-year-old Israeli who broke the record for fastest submission in Bellator MMA history scored another highlight-reel finish in Tel-Aviv

Twitter / Bellator MMA Aviv Gozali scored another victory in his fledgling career on Friday. The 18-year-old Israeli beat his opponent by submission, the fourth time in as many... Read more ...

The Best Business Travel Credit Cards for Digital Nomads

The Best Business Travel Credit Cards for Digital Nomads

Posted: 11/16/19 | November 16th, 2019 One of the best parts about running a business is the cool business travel credit cards you get access to. These cards tend to have a lot... Read more ...

Prince Andrew says he couldn't have had sex with a 17-year-old because he...

Prince Andrew says he couldn't have had sex with a 17-year-old because he was at a Pizza Express on the day in question

Reuters/Toby Melville; Google Maps Prince Andrew said he was busy on the day he has been accused of having sex with a 17-year-old, telling the BBC that he was at a Pizza... Read more ...

I'm a financial adviser and there are 6 reasons I don't think $2.5 million...

I'm a financial adviser and there are 6 reasons I don't think $2.5 million of life insurance is too much for my family

MoMo Productions/Getty Images As a financial adviser, I've seen first hand what happens when families don't have enough life insurance. As a result, I consider it my job to... Read more ...

Bitcoin would need to soar 1,670% to make an ETF possible, strategist Tom...

Bitcoin would need to soar 1,670% to make an ETF possible, strategist Tom Lee says

Reuters Bitcoin would need to surge past $150,000 per coin to make an exchange-traded fund for the coin feasible, Fundstrat Global Advisors co-founder Tom Lee said, according... Read more ...

Elon Musk and YouTuber Casey Neistat bonded over a Tesla engineer's massive...

Elon Musk and YouTuber Casey Neistat bonded over a Tesla engineer's massive 'selfie stick' extender pole

YouTube/Reuters/Business Insider Casey Neistat caught Elon Musk's attention with a photo of a Tesla Energy staffer assessing his house. Rather than use a ladder, the employee... Read more ...