With ExxonMobil shares hitting a new 52-week high and “making more money than God,” according to President Joe Biden, we take a closer look at financials and governance.
Research & Analysis
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Activism, Governance, & Executive Moves
Weekly Executive & Director Moves (June 10)
Therealreal (REAL) founder and CEO departs, and Hippo (HIPO) quickly has a change at CEO highlights this week’s exec moves.
Founder Richard Schulze Bets Big on BBY Stock
Best Buy (BBY) founder and director Richard Schulze just bought almost $20 million in stock. Meanwhile, Target (TGT) lowers guidance again, citing excess inventory concerns.
Cathie Wood buys Coinbase amidst heavy insider selling and sloppy cost controls.
As the market’s favorite contrarian Cathie Wood buys COIN on the dip, we take a look at performance and insider trading. Our take: a head-in-the-sand strategy does little to holster confidence. We continue to see more downside risk ahead and avoid COIN shares.
Weekly Executive & Director Moves (June 3)
Sheryl Sandberg stepping down as COO of Meta Platforms stole the spotlight. But, there was still a lot of movement as the markets moved into June.
Elon’s “super bad feeling” casts a shadow on Polestar debut
In a market where timing is everything, Polestar can’t seem to catch a break. Ahead of the long-awaited GGPI / Polestar merger vote on June 22nd, Elon Musk signals a hiring freeze and staff cuts– fueling concerns around China deliveries.
SPAC Analysis
Daily SPAC Update – September 25, 2024
Breeze Holdings + YD Biopharma Deal. IVCB + OpSec Group Deal Termination. TBMC, TMTC, SKGR Votes Adjourned/Postponed. OAKU Extension Vote Today. IXAQ Extension Vote Set.
Daily SPAC Update – September 24, 2024
RFAC and NVAC Extensions Approved. MITA, NBST, TBMC, TMTC Extension Votes Today. IXAQ and FRLA Extension Votes Set.
Daily SPAC Update – September 23, 2024
RFAC Extension Vote. ACAB Extension Approved. MBAV Separate Trading. FTII + Longevity Biomedical SPAC Deal. BACA + Custom Health Deal Terminated.
Daily SPAC Update – September 20, 2024
Cayson Acquisition (CAPN) $60M SPAC IPO. CLOE + Global Hydrogen Energy Deal Vote. MITA Extension Vote. TBMC + ANSC Investor Decks. AFAR Delists.