Strategy, Michael Saylor's company, broke its long-held policy of never selling Bitcoin by realizing over $102 million in losses in 2026 through sales below its average purchase price. These sales are driven by the need to meet $1.2 billion in annual dividend payments on preferred shares, amid a sharp decline in cash coverage and a stock price trading below net asset value. The company sold 1,690 bitcoins for $108.6 million at an average price of $64,262, below its acquisition cost of $75,400 per bitcoin, while still holding about 840,000 bitcoins with $10.6 billion in unrealized losses. The sustainability of this strategy depends on Bitcoin prices rising above the breakeven point to avoid further losses and dilution of shareholder value.
BMO Capital initiated coverage on Tenet Healthcare with a 'Market Perform' rating, indicating the stock is expected to perform in line with the broader market. The company is forecasted to report a 24.05% increase in Earnings Per Share (EPS) to $4.59...
Jaguar Health (JAGX) surged over 1,150% after the FDA granted fee waivers for its drugs Mytesi and Canalevia-CA1, signaling regulatory support. Greenland Mines (GRML) rose nearly 50% amid growing investor interest linked to U.S.-Greenland security de...
The market experienced a downturn with significant losses among key stocks. New Fortress Energy dropped 24.7% amid ongoing volatility in energy sectors, while Xanadu Quantum Technologies fell 21.7% reflecting sensitivity in quantum stocks to commerci...
Jefferies maintains a Hold rating on Capri Holdings due to uncertainty over a potential takeover. Despite a flat global luxury market, Capri's management expects growth in the second half of 2026, driven by new product launches, increased marketing, ...
The VanEck Agribusiness ETF (MOO) has gained about 20% since the last review, driven by geopolitical disruptions and government support for agriculture. However, the ETF is downgraded to a hold as these positive factors seem priced in, and margin pre...
