Tesla Should Sell Its Bitcoin and Buy Back Shares To Create "Positive Momentum," Says Analyst

Shares Tesla Inc. seesawed back into positive territory, and was last up 1.7% in premarket trading, after reports about being summoned by Chinese regulators and a disclosure that it bought $1.5 billion worth of bitcoin. The electric vehicle maker also sa.....»»

As Bitcoin tumbled to a fresh low and Elon Musk boasted ‘diamond hands,’ implying Tesla won’t sell, below is a commentary from Samuel Indyk, analyst at Investing.com Q1 2021 hed.....»»

Bitcoin rallied above $48,000 for the first time amid lasting momentum from Tesla's $1.5 billion purchase. Traders work at the New York Stock Exchange in New York, the United St.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

NVIDIA Corporation (NASDAQ: NVDA) shares, which have been bouncing along nicely for much of this week amid positive sell-side expectations for the chipmaker's earnings report next week, rose over 3.....»»

Shares of Tesla Inc. shot higher Monday, putting them on track to snap a sharp 5-day selloff, but Morgan Stanley analyst Adam Jonas suggested it was still too early for investors to jump in......»»

Shares of Tesla Inc. shot back above $850 Tuesday before paring gains, after Bernstein analyst Toni Sacconaghi nearly doubled his price target, saying he didn’t see any negative catalysts on the horizon for a stock that wasn’t especially expensive......»»

Wall Street rallied for a third straight day on Wednesday after a clutch of positive data painted a stronger picture of the U.S. economy but the Nasdaq pulled back from record levels as losses in Tesla shares weighed......»»

Shares of Tesla Inc. sank 8.0% in premarket trading Wednesday, after analyst Jed Dorsheimer at Canaccord Genuity said he was "taking our foo.....»»

Tesla shares resume their rally on Tuesday with the company pushing back against “unintended acceleration” safety allegations......»»

Back in 2011, with Tesla shares trading around $22, CNBC’s Jim Cramer told a caller to “cut her losses” and sell. “Nothing there. Cut your losses. Don’t like that stock,” he said. The stock closed Monday at $335.60. Now he might buy one......»»

Tesla Inc (NASDAQ: TSLA) shares dropped back below $200 on Tuesday after a high-profile Wall Street analyst cut his bear-case price target for Tesla by nearly 90 per.....»»

Shares of 3M Co (NYSE: MMM) nosedived after the comp.....»»

Shares of 3M Co (NYSE: MMM) nosedived after the company reported lower-than-expected first-quarter results Thursday and reduced its full-year adjusted EPS guidance. The company plans to cut 2.....»»

Twitter Inc (NYSE: TWTR) shares have showed solid momentum this year thanks to positive catalysts — and a JPMorgan analyst is confident the stock wi.....»»

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets......»»

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets......»»

Shares of PayPal (PYPL) surged over 2.2% to touch a new all-time high Wednesday on the back of an analyst upgrade and momentum following the slow rollout of its newly redesigned app. Shares of .....»»

Caterpillar (CAT) saw its stock price pop Wednesday on the back of a positive Deutsche Bank (DB) analyst note. Shares of CAT and other giants, such as Boe.....»»

Shares of PG&E Corp. dropped 9.4% in premarket trade Friday, after rocketing 74.6% the previous session, after J.P. Morgan analyst Christopher Turnure said he continues to assume the California utility will file for bankruptcy despite a favorable.....»»