Diamonds and Dogs
Stock splits are the new rage. Tesla (TSLA) is jumping 13% after announcing a five for one stock split. Mathematically, splits don't matter, but Apple and Tesla have seen their stocks perform well since announcing splits.This may spur other companies to consider doing the same. There are 13 stocks in the S&P 500 with prices above $500 a share and 29 total U.S. stocks with prices above $500 a share.
One Covid stock taking a hit. Biotech, Novavax (NVAX) is down 15% as the company missed eanings estimates the other day as many experts remain uncertain about whether their vaccine will be successful and beat the multiple other candidates to market. The good news for shareholders from eight months ago, the stock is still up 3,000% for the year.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.