KEY POINTS Shares of Lordstown Motors surged nearly 20% during the company’s public debut on the Nasdaq. The stock jumped…
Stock in special purpose acquisition company DiamondPeak pulled back from a steeper decline to trade down more than 5% Tuesday afternoon. It apparently is a reaction to an issue involving Workhorse, but that’s wrong-headed. Trading in the stocks should be the other way around.
Even amid plagues, summer is the time for road trips. (Maybe especially amid plagues, when travel restrictions make a terrestrial trip more workable than flying.) But as we head into Labor Day and take a look back at the season, we’ve noticed a distinct lack of road shows.
The idea of investing in a shell company might not sound particularly enticing. Maybe that’s why so many traders have not seriously looked into DiamondPeak (NASDAQ:DPHC) as a business with growth potential. Yet, traders should investigate DiamondPeak stock as there is a backstory here that’s compelling.
Reinvent Technology Partners, a new special purpose acquisition company formed by famed investor and serial entrepreneur Reid Hoffman, Zynga founder Mark Pincus and veteran hedge fund manager Michael Thompson, filed Monday for a $600 million initial public offering.