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Follow this list to discover and track the stocks that were sold the most by activist hedge funds in the last quarter.
Markets rebounded from early losses to close in the green on Monday but the market still remains in an overall downtrend and the pattern continues to be discouraging for investors.
When big tech executives were invited to testify before Congress in September, Google opted to be represented by an empty seat rather than send its CEO, Sundar Pichai. That will change on Tuesday.
Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute. Wall Street was set to open higher too, with Dow futures and the broader S&P 500 futures up 0.9 percent. U.S.-CHINA RELATIONS: U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He have spoken by phone about "the promotion of the next economic and trade consultations," a statement by China's Commerce Ministry said Tuesday.
Qualcomm’s (QCOM) stock price has been under pressure in 2018. All of the semiconductor companies have felt pressure amid US-China trade war concerns and global uncertainty. Qualcomm’s stock price has declined almost 9% in the past year as of December 4. Qualcomm stock fell ~7.4% in November amid global pressure and a major sell-off in the tech sector in October.
According to a letter published by shareholders rights law firm Robbins Arroyo LLP, a complaint has been filed against Fitbit (FIT) for misleading investors. Fitbit claimed that it had the best-selling fitness tracker on Amazon (AMZN). The letter said, “Fitbit was struggling to differentiate itself from Apple Inc., leading to slowing demand for Fitbit’s products.
Shares of online streaming company Netflix (NFLX) fell 6.3% to close at $265.14 on December 7. Netflix has generated returns of -7.3% this month and -29% since the start of October. Despite Netflix’s recent pullback, the stock has gained an impressive 38% in 2018.
Shares of semiconductor company Micron Technology (MU) fell 6.3% to close trading at $35.31 on December 7. Micron stock has generated returns of -8.4% this month and -22% since the start of October. Driven by the recent pullback, Micron stock is now down 14% in 2018.
Shares of payment company Square (SQ) fell 7.5% on December 7 to close trading at $60.78. Square stock has generated returns of -13% this month and -39% since the start of October.
Jonathan Tepper and Denise Hearn argue in their new book, The Myth of Capitalism , that investors Warren Buffett and Peter Thiel hate competition and love monopolies.
Shares in US automakers have motored ahead by more than 2 per cent in pre-market trade — and taken European rivals along for the ride — after media reports China is moving towards cutting the tariffs it placed on American-made vehicles. that “China has agreed to reduce and remove tariffs on cars coming into China from the US” No further details or timeline were provided, and Beijing did not immediately confirm any change in duties. China is moving towards cutting the tariffs on US auto imports to 15 per cent from 40 per cent, according to Bloomberg, which cited people familiar with the matter.