Hawaiian Electric Stock Tanks on Concerns of Wildfire Liability: Cut Losses or Weather the Storm?
The wildfires in Maui are officially the most deadly in the US in the last century, claiming the lives of more than 110 people so far. People have already rushed to assign blame - citing blunders by the city’s emergency chief, the mayor, and now, Hawaiian Electric (HE). Shares of the state’s energy provider have tanked more than 32% [...]
Lyft CEO Puts His Money Where His Mouth Is With $1.1m Stock Purchase: Should You Follow Suit?
Lyft (LYFT) has been trending positively over the past few months, and CEO David Risher has decided to hop aboard with an insider purchase of $1.15m in company stock. He flat out said, “I’m putting my money where my mouth is”. The purchase works out to 100,000 shares of the company’s common stock. Risher just took over this year [...]
Target Points to Weakening Demand and Pride Month Debacle in Latest Earnings: How Bad is it?
Early this morning Target (TGT) reported second-quarter earnings that beat expectations while revenue fell just short of analyst estimates. But, the key takeaway from the call was that the company was reevaluating its full-year guidance, walking back its previous forecast. In fact, the company is expecting sales to decline by mid-single digits for the full fiscal year. Inflation has [...]
When to Sell Stocks to Capture Profits and Avoid Losses: Introducing Stop Prices
When to sell stocks: a decision laden with complexity, suspense, and often, a hefty dose of emotion. Knowing when to bid farewell to a part of your portfolio can feel like navigating a maze without a map, filled with questions of timing, profit, loss, and market shifts. The decision to let go is the crossroads where hope, fear, and pragmatism [...]
The Metals Company Stock Pops After News of a $27m Capital Raise: Does it Justify Buying the Stock?
Word broke on Monday morning that the Metals Company (TMC) has been approved to raise gross proceeds of as little as $27 million or up to $38 million through a registered direct offering. The company specializes in deep-sea floor mining, pulling low-impact battery metals from seafloor polymetallic nodules. And after struggling to retain its footing in the stock market [...]
Can Stealthgas Inc. Continue Higher From Here?
by Leslie N. Masonson, MBA Stealthgas Inc. (GASS), is a Nasdaq-listed firm incorporated in 2004 with headquarters in Athens, Greece. The company provides global seaborne transportation services to LPG producers and users, as well as ships natural gas and crude oil. The company maintains a fleet of 36 LPG ships with a capacity of nearly 300,000 cubic meters. Revenues [...]