Credit Suisse Initiates Coverage On WeWork with Outperform Rating, Announces Price Target of $11
Credit Suisse analyst Tayo Okusanya initiates coverage on WeWork (NYSE:WE) with a Outperform rating and announces Price Target of $11.
91 Biggest Movers From Friday
Gainers
RISE Education Cayman Ltd (NYSE: REDU) shares jumped 138.5% to settle at $3.41 on Friday. RISE Education announced expected timing for the completion of the merger with Dada Auto.
‘Chinese WeWork’ UCommune Reports Huge Losses, Sees Dark Days Ahead
Key Takeaways:
UCommune breaks new net-loss record in 2021 and has burned through 4 billion yuan in the past four years
Huge losses indicate the company still has a long way to go in terms of asset-light transition
By Wang Chuan
Morning Brief: Top Financial Stories Dominating on Wednesday, May 25
Reuters
Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims
WeWork Co-founder Raises $70M For Crypto Carbon-Credit Startup
WeWork Inc (NYSE:WE) cofounder Adam Neumann raised $70 million from venture capitalists and others for his co-founded carbon-credit startup Flowcarbon, Bloomberg…
110 Biggest Movers From Friday
Gainers
ShiftPixy, Inc. (NASDAQ: PIXY) shares jumped 154.9% to close at $0.51. ShiftPixy reported board approval special dividend to shareholders in form of common shares of Industrial Human Capital.
56 Stocks Moving In Friday’s Mid-Day Session
Gainers
Veru Inc. (NASDAQ: VERU) shares jumped 62.5% to $14.67 after the company reported quarterly results on Thursday. Jefferies maintained Veru with a Buy and raised the price target from $33 to $55.
