Image source: Getty Images One growth stock that’s performed very poorly in recent years is freelance employment platform operator Upwork (NASDAQ: UPWK). After shooting up during the pandemic (when the ‘gig economy’ was flying), the stock’s fallen by around 85%. Now, as an investor in Upwork (I view it as a speculative ‘moonshot’ growth stock), I’m obviously disappointed with this abysmal performance. However, I believe the stock’s capable of staging a rebound. And I’m clearly not the only one with this view. Activist investor on board One hedge fund that sees value in the stock right now is activist investor…
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SS&C Technologies Holdings Inc (NASDAQ:SSNC) director Normand A. Boulanger has recently engaged in significant trading activity involving the company’s stock, according to the latest SEC filings. On September 16, Boulanger sold 130,000 shares of common stock at a weighted average price of $75.3756, totaling approximately $9.7 million. The shares were sold at varying prices ranging from $75.00 to $75.65.In addition to the sale, Boulanger also acquired 180,000 shares through the exercise of options at a price of $28.265 per share, amounting to a total of $5.1 million. It is noted that the options exercised were “time-based” and had vested in…
PROVIDENCE − Rhode Island “has all the talent and tools” to become a leader in biomedical sciences and the high-tech economy − it just needs the proper facilities to train students in these fields, according to supporters of the $160.5 million higher education bond.Gov. Dan McKee joined University of Rhode Island President Marc Parlange, Rhode Island College President Jack Warner, former Congressman Jim Langevin and Rhode Island Life Science Hub Interim President Patrice Milos to kick off the Yes on 2 higher education bond campaign Tuesday.What is Question 2 on the ballot Nov. 5?In November, voters will be asked to approve a…
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90min rounds up the latest transfer news, rumours and gossip circulating around the world…Real Madrid are in ‘constant contact’ with Trent Alexander-Arnold, whose deal at Liverpool expires in 2025. If he does not agree fresh terms at Anfield, he will be able to talk to foreign clubs over a pre-contract agreement from January. (TEAMtalk)Chelsea captain Reece James is also of interest to Real Madrid, but only if he can overcome his injury woes and prove his fitness. (HITC)As was first suggested by reports in Italy, Chelsea are indeed willing to offer Inter three players for star striker Lautaro Martinez. The Blues…
VIENNA (Reuters) -Austria’s federal disaster fund will more than triple to 1 billion euros ($1.11 billion) and companies severely affected by flooding will be able to postpone tax payments, Chancellor Karl Nehammer said on Wednesday, announcing measures in response to extreme weather. The fund is being increased from a previously set volume of around 300 million euros. The package of measures comes after Austria and other areas of central Europe were hit by the region’s worst floods in at least two decades. “The last few days have been enormously challenging for many regions in Austria and our neighbouring countries and…
Prime Capital Investment Advisors LLC lessened its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,824 shares of the exchange traded fund’s stock after selling 1,930 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $3,808,000 at the end of the most recent reporting period. A number of other large investors also recently modified their holdings of IWD. 9258 Wealth Management LLC bought a…
Sean “Diddy” Combs presided over a sordid empire of sexual crimes, coercing and abusing women for years, threatening them to keep them in line and enlisting a cast of aides to cover it up, according to an indictment. The music mogul “engaged in a persistent and pervasive pattern of abuse toward women and other individuals,” including physical violence, in order “to fulfill his sexual desires, protect his reputation, and conceal his conduct, the indictment said. And the details shared in the indictment unsealed Tuesday morning are as shocking as they are at-times disturbing. The charges describe Combs coercing or forcing his…
Ryan Reynolds has shared the straight-shooting advice Marvel boss Kevin Feige gave that haunted him while he made Deadpool & Wolverine.The actor, producer and co-writer, who achieved huge box office success with the film, also said “there was one line in the entire film” Disney asked him to remove from the 15-certificate movie, but has remained quiet on what that was. However, he said he believes the studio “was right” to ask.Reynolds has reflected on its release two months on, revealing why it took him so long to make the film, which followed 2018’s Deadpool 2.“It had been six years…
Nvidia (NASDAQ: NVDA) has grown by leaps and bounds over the past few years. Thanks to the company’s dominance in the artificial intelligence (AI) chip market, its quarterly revenues and profits have been climbing at triple-digit percentage rates year over year. The company also boasts a gross margin of over 70%. The market has responded to these amazing results by bidding the stock up by more than 2,400% over five years.In fact, the stock climbed so high that the company engaged in a stock split this spring to bring its price down from more than $1,000 to about $120 –…