TLDR GEMI stock opened above $40 after pricing its IPO at $28 per share. Gemini raised $425 million after the IPO was 20 times oversubscribed. GEMI is the fourth crypto exchange listed publicly in the United States. Gemini holds 4,002 BTC and ranks as the 22nd largest public BTC holder. Gemini’s GEMI stock began trading on the Nasdaq and quickly rose over 20% from its initial public offering (IPO) price of $28. The crypto exchange, backed by the Winklevoss twins, saw its shares surge above $40 shortly after listing, before settling around $34 at press time. This performance places Gemini…
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Buying dividend shares is one way to build a second income. How chunky that income might be depends on multiple factors, such as how much is invested, in which shares and for how long. Every little helps As an example, consider Tesco (LSE: TSCO). It really is a household name — there is likely at least something bought from Tesco in the majority of British homes. Demand for groceries is resilient even in a tough economy and Tesco is the nation’s largest grocer by some distance. That makes for a profitable business. Tesco uses some of those profits to fund…
Image source: Getty Images Money sitting idle could instead be used to earn passive income. There are different ways to do that, but one common approach is to invest it in dividend shares. With a long-term approach, this can potentially lead to sizeable ongoing passive income streams. As an example, here is how a £25k lump sum might end up generating £12k in income annually. Weighing risks as well as rewards You may wonder why I am using words like ‘potentially’ and ‘might’. The thing is, dividends are never guaranteed. Even a big, profitable firm that has been a generous…
At first glance, it might seem as if Nvidia (NASDAQ: NVDA) is defying gravity. Its rise to a $4.3trn market capitalisation has been relentless. So far this year, Nvidia stock has moved up 32%. Over five years, it has grown by a stunning 1,357%. Stellar financial performance But on closer examination, Nvidia stock might not be defying gravity so much as reflecting the stunning business performance of the chip firm. Five years ago, for example, Nvidia’s second quarter revenue was a record $3.9bn, up 50% in a year. Net income was $622m. Those were already very strong numbers. Five years…
Image source: Britvic (copyright Evan Doherty) Billionaire investor Warren Buffett came to my mind this week. His approach of being fearful when others are greedy and greedy when others are fearful was specifically what I thought about, as I added a share back into my Self-Invested Personal Pension (SIPP) after selling it years ago. That share was sportswear retailer Lululemon Athletica (NASDAQ: LULU). Investors seemed to be fearful after the company issued a profit warning last week. The Lululemon share price fell sharply after that and is now 57% lower than at the start of 2025. To me, that looks…
Image source: Getty Images Putting money into a Stocks and Shares ISA can lay the foundation for building long-term wealth. But it does not always work out that way. Here are three potentially costly mistakes to try and avoid when weighing how to invest in an ISA! Give value traps a wide berth When a share has got a lot cheaper and looks almost too good to be true, sometimes it is. That is exactly the mistake I made when buying some boohoo (LSE: DEBS) shares for my ISA a few years ago. The company had been making tidy profits,…
Image source: Getty Images Passive income refers to generating revenue from minimal effort. My favourite method is picking up dividends from UK shares. But in some respects, I think the term can be misleading. There’s nothing to be gained from being passive when it comes to choosing stocks. The more time spent on up-front research, the more likely the right shares will be picked. The most common measure used to identify stocks paying the most generous dividends is to look at the yield on offer. And because there are no guarantees when it comes to future payouts, it’s common to…
Image source: Getty Images Keeping an eye on broker price targets for FTSE 100 and FTSE 250 stocks can be worthwhile. They don’t always end up accurate, of course, and analysts can be like stock market weathermen, forever adjusting their forecasts as share prices get blown this way and that. Still, they give a quick snapshot of sentiment. Stocks that are trading at or above analysts’ targets suggest both the City and market are in agreement. Whereas one trading far beneath its consensus target may suggest it’s underappreciated, and worth digging into. Here are two FTSE 250 stocks that recently…