In Monday Trading, the Chinese giant Alibaba Group Holding Limited (BABA) fell -3.22 percent to $256.03. Alibaba as well as China Literature, a subsidiary of Tencent Holdings, and Shenzhen Hive Package, were each fined 500,000 yuan by the Chinese regulator. By this symbolic number, companies are fined for not properly reporting acquisitions.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Electronic Arts Inc (EA) rose 1.28% to $137.54. The electronic gaming and multimedia company has entered into an agreement for $1.2 billion to purchase the UK’s Codemasters, a counter-offer that is higher than that already advanced by Take-Two Interactive Software Inc. (TTWO), which was up 2.62 percent to $195.20 on Monday.
A Backdoor Way To Profit From Today’s Crypto Bull Market
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Sponsored
Shares of Trinseo S.A. (TSE) were down -2.64 percent to $42.01. The specialty chemicals company reported that it has been offering the PMMA sector of Arkema for 1.14 billion euros. The divested company of Arkema employs roughly 860 employees and has 7 manufacturing sites. The projected turnover for 2020 is about EUR 510 million, with an EBITDA of approximately EUR 122 million.
Cinemark Holdings, Inc. (CNK) was down -3.4% to $15.70. The entertainment firm is searching for flaws from its rival AMC Entertainment Holdings, Inc. (AMC), which plummet -18.6 percent to $3.19 on the day. Recently, the cinema manager officially showed its interest in many of AMC’s sites, which were seriously weakened by the health crisis. This is what the New York Post says at least, citing sources sensitive to the matter.
Since the group declared on Friday its plan to issue 178 million Class A shares, AMC shares have plummeted, more than double the number of such securities. AMC also warned that it will run out of cash next January because of a lack of new money.
The Wall Street Journal understands that Roblox has increased its expectations for its IPO, which it will then postpone early next year even after very impressive IPOs of DoorDash Inc (DASH) and Airbnb Inc (ABNB) on Wall Street in recent days. DoorDash was down -8.57% to $160.00 whereas Airbnb was down -6.64% to $130.00 at ring of the bell on Monday.
