The Greek shipping company DryShips is getting the most out of short squeezes after the company’s shares jump 70.3 percent on Tuesday and 1,500 percent over the past week. Find out what investors and traders are talking about the company on Sentifi.
DryShips Inc.: More than 10 million shares change hands in the huge volume surge
The share now is worth $73, a big difference from the above $1 price the share had in August. Investors are speculating Donald Trump is the key driver behind the jump. The Baltic Dry Index, which measures sea-transport prices, has moved above 1,000 for the first time in 15 months following Trump’s win in the election.
PepsiCo Inc.: Donald Trump supporters call for a boycott of Pepsi products
Trump supporters are quite angry at Pepsi CEO Indra Nooyi because of a fake comment that has been circulating the Internet. The comment, which Nooyi never made, said that she would like Trump supporters to take their business elsewhere. What she did say, though, was that her employees were very upset that Trump won the election, and that she’s a supporter of Hillary Clinton.
EasyJet: Streamlines operations to minimize Brexit impact
The airline is predicting that the slumping pound, a direct consequence of Brexit, will weigh more on its earnings next year. To be exact, the exchange-rate movements will cost the company £180 million in the 12 months through Sept. 30, 2017. Thus, it is taking measures to minimize that impact with the goal to produce a “simpler, more efficient organization” with savings, while adding jobs and increasing capacity.
Tata Global Beverages: The board of directors replaces Chairman Cyrus P. Mistry
The board appointed Harish Bhat to take the chairman position. The various boards of Tata are split down the middle since Mistry got ousted by Ratan Tata and fellow board members without a cause.
Mazda Motor: Recalls thousands of sports cars due to possible fuel leaks
The recall affects the RX-8 sports cars in the U.S., covering 2004 through 2008 models. The company said the cars have fuel pump sealing rings that are prone to cracking when exposed to heat from the engine or the exhaust. And that allows gasoline to escape and increase the risk of fire. The company will notify the customers when to take cars in for repairs.
TalkTalk: 17-year-old boy hacked into the company to show off
The company was targeted more than 14,000 times in October last year. The latest attack highlights yet another vulnerability in the company’s website. Allegedly, the boy used an iPhone, a USB stick and an Apple Mac Air laptop to successfully hack TalkTalk.
Snapchat: Proceeds with plan to go public
The company has filed for an IPO and changed its name to Snap Inc. The IPO could happen as early as March. The company is expected to be valued between $20 billion and $25 billion, and aims to have more than $1 billion in revenue in 2017. Based on multiple reports, the company is looking to raise $4 billion at a $35 billion valuation.
Home Depot: Shares fall despite good quarterly results
The company’s shares dropped 2.5 percent even though it registered Q3 EPS at $1.60, two cents above the analysts’ estimate. Home Depot also raised its EPS guidance by two cents to $6.33 and affirmed its revenue target of +6.3 percent year-over-year.
Regency Centers: Acquires Equity One for $4.6 billion
The combined entity of the grocery shopping center owner Regency and the real estate investment trust Equity One will have an equity market value of $11.7 billion and an enterprise value of $15.6 billion. It will also yield about $27 million in annual cost savings.
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