Caterpillar CEO cashes out early for $26M
Caterpillar CEO Joseph Creed sold shares for $26.21M, 1,646 days before his 2021 options were due to expire.
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26 stories, newest first
DoorDash has outperformed SpaceX by 48% since IPO
A $10K bet at their opening Nasdaq prices on the day of SpaceX’s IPO would have put a DoorDash investor $4.8K ahead.
SpaceX crashed too hard for insiders’ bonus unlock
A stock price crash canceled SpaceX insiders’ $80B bonus unlock, and almost nobody in financial media noticed.
Jefferies slashes SanDisk price target 42% despite record earnings
SanDisk posted record revenue, record margin and a $14B share buyback, and Jefferies cut $1,250 off its stock price target.
Short-seller called Nvidia top by not trusting Jensen Huang
Culper Research shorted Nvidia after guessing the $5T AI giant might be re-routing Chinese demand for AI chips through neighboring countries.
Credit default swaps forecast AI bankruptcies
CDS spreads are deteriorating across mega-cap AI stocks including Alphabet, Amazon, Meta, and SpaceX, which all hit record spreads this week.
Intel posts record $16B growth, workers rewarded with job cuts
Intel beat its own forecasts, posted a massive $16B in revenue, but still found a raft of jobs to terminate.
Apple overtook Nvidia as largest public company this morning
Apple surpassed Nvidia at 9:40am New York time to become the world’s largest public company, then handed back that crown within an hour.
South Korea’s stock market is officially more volatile than BTC
South Korea’s stock market index, KOSPI, now swings harder on an average day than BTC, with higher annualized realized volatility.
IBM just had its worst day since Black Monday
IBM crashed 26%, shedding $72B of its market cap in a single day after CEO Arvind Krishna confessed the company faltered during Q2.