Author: Mayur Sontakke, CFA, FRM
Mayur Sontakke is a CFA charterholder and has been working with Market Realist since 2014. Over the years, Mayur has covered various industries and economies at Market Realist. Prior to joining the company, Mayur worked at India's biggest credit rating agency.
Today, Slack (WORK) opened 4.5% higher after MKM Partners analyst Rohit Kulkarni gave Slack stock a "buy" rating with a target price of $40.
The Trump administration floated the sale of fighter jets to Taiwan. In an $8 billion deal, Lockheed Martin plans to sell 66 F-16 fighters to Taiwan.
The 13F filing showed that George Soros bought almost 500,000 Slack (WORK) shares at an average price of $37.5 per share during the second quarter.
WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.
After rising on easing trade tensions on Tuesday, US stock market indexes crashed yesterday. The S&P 500 (SPY) fell 2.9%, and the Nasdaq (QQQ) fell 3.02%.
On Wednesday, US stock indexes fell due to recession signals. The Dow Jones Industrial Average (DIA) was the worst performer with a 3.05% fall.
During the first six months of 2019, WeWork’s revenues and losses from operations almost doubled compared to the same period in 2018.