Blog – Page 2 – Rad Kapital

Rad Universe Top Movers:
- Tortoise Acquisition Corp SHLL: +41.21%
- MakeMyTrip Limited MMYT: -15.92%
- Sinclair Broadcast Group SBGI: -8.55%
- Facebook FB: -8.32%
Kanye West and Gap GPS sign a multi-year deal for West’s Yeezy clothing line
Microsoft MSFT to close its physical retail stores resulting in an impairment charge of ~$450 million in this quarter
Amazon AMZN announced it will acquire self driving car startup Zoox for ~$1 billion
Unilever UL to stop digital advertising on Facebook FB and Twitter TWTR till the end of 2020
Notable Analyst Actions:
- BTIG Research upgraded Farfetch FTCH from Neutral to Buy with a price target to $20.50
- Evercore ISI upgraded Broadcom AVGO from In-line to Outperform with a price target of $380
Major Moves:
- Match MTCH reached an all time high at $101.27
- Momo MOMO reached a 52 week low at $16.81
- Tortoise Acquistion Corp SHLL reached an al time high at $24.16
- DocuSign DOCU reached an all time high at $176.77
- Square SQ reached an all time high at $107.43
- RingCentral RNG reached an all time high at $295.53
- Snap SNAP reached a 52 week high at $24.85

Rad Universe Top Movers:
- Farfetch FTCH: +19.37%
- Forum Merger II Corp FMCI: +18.09%
- Factset Research Systems FDS: +15.12%
Another 1.48 million Americans (expected 1.32 million) filed for unemployment benefits: Initial Jobless Claims
Macy’s M to lay off 3,900 employees
Federal Reserve to restrict big banks from raising their dividend payments after their annual stress tests on the financial institutions
Major Moves:
- Wix.com WIX reached an all time high at $253.46
- T-Mobile US TMUS reached an all time high at $111.57
- Snap SNAP reached a 52 week high at $24.19
- Coupa Software COUP reached an all time at $272.79
- Momo MOMO reached a 52 week high at $17.94
- Factset Research Systems FDS reached an all time high at $322.80