Redburn Partners Downgrades Spotify Technology to Sell, Announces $170 Price Target
Redburn Partners analyst Nick Delfas downgrades Spotify Technology (NYSE:SPOT) from Neutral to Sell and announces $170 price target.
Cathie Wood’s Ark ETFs Underperformed The Broader Market In Q2, With Workhorse, Virgin Galactic, Coinbase, Teladoc Taking Big Toll
ARK Invest, the New York-based investment management firm led by the popular money manager Cathie Wood, saw its five actively managed exchange-traded funds and two self-indexed ETFs underperform the S&P 500 index in the second quarter.
Analyzing Spotify Technology’s Unusual Options Activity
Spotify Technology (NYSE:SPOT) shares experienced unusual options activity on Friday. The stock price moved up to $261.42 following the option alert.
Cathie Wood’s ARK Invest Posts Fund Sales For Thursday, July 8, 2021: BMY, TCEHY, ROKU, IOVA, RAVN, TWTR, SPOT, LC, HUYA, Z
Bristol-Myers Squibb (BMY) - 37,200 Shares
Tencent (TCEHY) - 340,453
Roku (ROKU) - 128,923
Iovance Biotherapeutics (IOVA) - 175,150
Raven Industries (RAVN) - 43,000
Twitter (TWTR) - 135,492
Spotify
Apple Podcasts Executive Moves Over To Netflix
Former Apple Inc. (NASDAQ: AAPL) Podcasts executive N’Jeri Eaton announced she is moving over to streaming giant Netflix Inc. (NASDAQ: NFLX).
Spotify Entry Into Live Events Could Diversify Revenue, Take On Live Nation
Podcasting and music streaming company Spotify Technology SA (NYSE: SPOT) is looking to enter live events as a new revenue stream and a way to monetize its customer data.
Bitclout Nears 300,000 Users, Launches On Blockchain.com, Adds Shopify CEO, Hubspot Founder
Open source social media platform Bitclout continues to grow and is attracting new business leaders and celebrities to the site.
German Antitrust Regulators Probe Apple, With Focus On App Store
Apple Inc. (NASDAQ: AAPL) has come under the scanner of German antitrust regulators for alleged anti-competitive practices.