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AST SpaceMobile (ASTS) Has a $1.3B Backlog. Can it Build Fast Enough?
Insider Monkey1d agoneutral
AST SpaceMobile (ASTS) Has a $1.3B Backlog. Can it Build Fast Enough?

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more interested in AST SpaceMobile, Inc. (NASDAQ:ASTS)’s deployment progress. The company […]

ETF Zoo: Substance Over Shenanigans Still Matters in ETFs
etf.com1d agoneutral
ETF Zoo: Substance Over Shenanigans Still Matters in ETFs

<p>Are the days numbered for 351 exchanges, box spread, and dividend-avoiding ETFs? Tune into this episode of <em>ETF Zoo</em> to find out, plus learn why markets seem to care less and less about the struggling consumer, and what the recent NEOS acquisition could indicate for the future of the options income category. </p>

Why Is Teledyne Technologies (TDY) Paying a 52% Premium for Varex (VREX)?
Insider Monkey1d agoneutral
Why Is Teledyne Technologies (TDY) Paying a 52% Premium for Varex (VREX)?

Varex Imaging Corporation (NASDAQ:VREX) surged 48.5% to $18.42 on August 10 after Teledyne Technologies Incorporated (NYSE:TDY) agreed to acquire the X-ray technology company for $18.90 per share in cash. The offer represents a 52% premium to Varex’s unaffected closing price and values the transaction at approximately $1.1 billion, including equity awards and net debt. Teledyne […]

Why Viavi Solutions (VIAV) Stock Is Up Today
StockStory1d agoneutral
Why Viavi Solutions (VIAV) Stock Is Up Today

Shares of network testing solutions company Viavi Solutions (NASDAQ:VIAV) jumped 11% in the afternoon session after the company announced the industry's first channel emulator designed for next-generation 6G and Wi-Fi 7/8 testing.

Tiger Global Management cuts stakes in Big Tech, buys into SpaceX
Reuters1d agoneutral
Tiger Global Management cuts stakes in Big Tech, buys into SpaceX

Tiger Global Management trimmed several of its Big Tech stakes, exited Netflix, and took positions in Advanced ‌Micro Devices and SpaceX during the second quarter, according to ‌regulatory disclosures filed Friday. • The hedge fund cut its Alphabet holdings by 45.4% to 5.81 million shares as of June 30 from the end of March, and its Nvidia stake by 6.8% to 11.20 million shares. • ‌It trimmed its Microsoft ⁠stake by 9.3% to 2.27 million shares and its Amazon position by 3.2% to 9.68 million shares.

Readers Weigh In on the Risks of Investing in Funds Promising Pre-IPO Shares
The Wall Street Journal1d agoneutral
Readers Weigh In on the Risks of Investing in Funds Promising Pre-IPO Shares

After SpaceX went public in June, individuals who bought into funds promising shares of the company were eager for their paydays. A Wall Street Journal article last week featured an investor who is still trying to figure out what happened to the money he invested in a SpaceX fund in 2020. Many readers wrote in saying they were in situations similar to that of Ram Rupireddy, the investor featured in the article.

FormFactor (FORM) Shares Skyrocket, What You Need To Know
StockStory1d agoneutral
FormFactor (FORM) Shares Skyrocket, What You Need To Know

Shares of semiconductor testing company FormFactor (NASDAQ:FORM) jumped 6.1% in the afternoon session after sentiment improved as peer, Aehr Test Systems, which provides similar semiconductor testing solutions announced it had received a $22 million follow-on production order from a major AI processor customer.

Why Astronics (ATRO) Stock Is Up Today
StockStory1d agoneutral
Why Astronics (ATRO) Stock Is Up Today

Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO) jumped 16.5% in the afternoon session after the company reported record second-quarter results that beat analyst expectations across the board and raised its full-year revenue forecast.