The StockDr & Team discuss, how to look at insider selling, AMC, Crypto, Biogen, & Amazon Sidewalk
The Millennial Moment Spotlight by our Mega-llennial, Nikki Ward, focused on Amazon's newest feature, Sidewalk. If you own Amazon products like Alexa, Echo, or Ring devices, you have automatically been opted in by Amazon. Sidewalk "borrows" your internet bandwidth to share with your neighbor's devices. For Millennials, this seems to be the biggest intrusion since Apple automatically uploaded the U2 album to our phones.
AMC…first a stock or a company is only worth what someone is willing to pay for it. That said, someone is obviously willing to pay $50+ for the stock. Research firm Webush Raised its PT on AMC from $6.50 to $7.50. Which is still about 85% lower from where it is. However, they did say with the money they have recently raised if used properly the stock could hit $10…
All crypto currency’s are on the defensive as the FBI was able to recover most of the ransom paid by Colonial Pipeline. The investigators were able to access the p/w for one of the hackers' bitcoin wallets. This was recovered by a recently launched task force. The admitted hackers “Darkside” received $90 million before getting shut down.
A landmark approval for Biogen (BIIB) and their Alzheimer therapy drug should be a big winner even if only used on a small percentage of the patients. This is a watershed moment BIIB and the 6 mil US patients with the disease. Cost of the drug is $56K per year, However, Biogen CEO Michael Vounatsos says the price will remain the same for 4 years.
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