On some occasions, a company will preannounce that is going to have better than expected earnings. When that happens, it is often more difficult to predict the price action in the issue following the announcement for a few different reasons. The primary one: investors already factored in the better numbers.
Sunrun (NASDAQ:RUN) has outperformed the market over the past 5 years by 24.58% on an annualized basis producing an average annual return of 31.94%. Currently, Sunrun has a market capitalization of $4.72 billion.
Digital currency investing and cryptocurrency asset management Grayscale Investments is being sued by New York-based hedge fund Fir Tree Capital Management for "potential mismanagement and conflicts of interest" at the company's flagship Bitcoin (CRYPTO: BTC) fund, Bloomberg