fundstrusts
GameStop Corp (NYSE: GME) is gaining at writing after short seller Citron Research said it has closed its entire position in the meme stock. Why did Citron close its short position in GameStop stock?Citron made the announcement this morning on X.com – confirming that the move has nothing to do with the video gaming merchandise retail’s fundamentals. It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult-like shareholders. Citron closed its short position in $GME at a profit, as pe...
Invezz
Norfolk Southern Corp (NYSE: NSC) is in focus this morning following a report that Ancora Holdings is close to winning board representation at the freight railroad operator. How many seats has Ancora won on $NSC board?Counting of votes is still ongoing but the activist hedge fund has already secured adequate support to win seats on the board of $NSC, as per sources that talked to Reuters on condition of anonymity. Norfolk Southern is scheduled for an annual meeting of shareholders later today. The total number of seats that Ancora has secured remains unclear, the sources added. The news arrive...
Invezz
Peloton Interactive Inc (NASDAQ: PTON) is up 20% on Tuesday following a report that private equity firms have shown interest in acquiring the connected fitness company. $PTON has formally engaged with one private equity firmAnonymous sources told CNBC this morning that the exercise equipment manufacturer has held formal discussions with at least one firm. A bunch of others are interested in taking over $PTON as well but it’s unclear if they have formally engaged with the Nasdaq-listed firm yet, they added. A representative of Peloton Interactive refrained from commenting on the report today ci...
Invezz
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