Author: therawinformant

CRISPR Therapeutics AG (NASDAQ:CRSP) shareholders will have a reason to smile today, with the analysts making…

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Apple has reported its Q3 2020 earnings, crushing expectations, and announcing a 4-1 stock split.

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The tech giant has been one of the COVID-19 crisis’ biggest beneficiaries.

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Facebook reported second-quarter results that handily topped estimates, growing its user base and advertising business further during the pandemic even as the social media giant came under increased scrutiny for its policies around policing harmful content on its platforms.

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Southwest Airlines (NYSE:LUV) has had a rough month with its share price down 9.3%. It is possible that the markets…

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Eastman Kodak Company (NYSE: KODK) shares gained another 19% in early Thursday trading and are now up a whopping 1,780% since last Friday's close. The massive move came in response to the company securing a $765 million loan from the U.S. government to produce generic drug ingredients under the Defense Protection Act.Kodak didn't have an extremely large short position prior to this week's move, but the meteoric rise in the stock's share price has inflicted extreme pain on those short sellers. Kodak currently has about 1.72 million shares held short worth about $13.7 million, according to S3 Partners analyst Ihor Dusaniwsky. Dusaniwsky said Kodak has roughly a 6.3% short percent of float.As of late Wednesday, Kodak's borrow fees on existing short positions were just 6.34%, but borrow fees on new short positions had skyrocketed to around 200%.See Also: A Closer Look At The Kodak Chairman's Stock Purchases As Shares Rally 1,500%Cautionary Tale: Despite only having $13.7 million in net short interest, Dusaniwsky said Kodak short sellers took a $59 million loss on Wednesday alone. He also said the stock should serve as a cautionary tale for all short sellers."These KODK short trades highlight the risk that losses may be several times larger than an investors risk position and the need for a systemic ability to monitor short risk positions on a daily basis," he said.Looking ahead, Dusaniwsky said the perfect storm of mounting losses, spiking borrow fees and lack of available Kodak shares to short should continue to squeeze the stock. Thursday's early gains suggest his call was on the mark. KODK Chart by TradingView new TradingView.widget( { "width": 680, "height": 423, "symbol": "NYSE:KODK", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "1", "locale": "en", "toolbar_bg": "f1f3f6", "enable_publishing": false, "allow_symbol_change": true, "container_id": "tradingview_ad7d9" } ); Benzinga's Take: Kodak's business and stock appeared dead in the water just a week ago, and the generic drug news is about as much of a black swan event as short sellers could probably ever imagine.There's a good chance Kodak's share price will ultimately settle somewhere significantly lower than Thursday morning's $39 price, but shorting the stock at this point will be extremely expensive and risky given its extreme volatility.See more from Benzinga * A Closer Look At The Kodak Chairman's Stock Purchases As Shares Rally 1,500% * Kodak Had Some Very Suspicious Trading Activity Ahead Of Drug News(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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When Gigafactory Nevada was being constructed, it was planned to be the world's largest building. Now it appears Tesla Inc's (NASDAQ: TSLA) newest factory in Texas will be following that trend.Reddit user u/brandude87 took all of Tesla's current factories with the surrounding land owned by Tesla, and put them on a similar scale to compare the sizes. The massive size of both Gigafactory Nevada and Texas are immediately apparent, whereas Gigafactories in Berlin and Shanghai are much smaller.Photo via u/brandude87Tesla just recently started preparing the land for the construction of Gigafactory Texas.Benzinga's Take: Tesla wants to transition the world to sustainable energy, and building massive factories to create green products is a way to do that quickly. CEO Elon Musk said during the company's second-quarter earnings call that the factory will have a preserved area with walking paths and other natural features, for the general public to enjoy.If Tesla can build this factory as fast as Shanghai, we may be seeing Cybertrucks roll off the line by the end of 2021.See more from Benzinga * Musk Says Tesla Open To Licensing Software, Batteries, Autopilot * Tesla Hiring Battery Production Associates As Battery Day Approaches: Report * Elon Musk Confirms Cybertruck Can Come in Multiple Colors(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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It's been a mediocre week for Seagate Technology plc (NASDAQ:STX) shareholders, with the stock dropping 10% to…

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FanDuel Group CEO Matt King joins Yahoo Finance’s Zack Guzman to discuss the latest outlook for online gambling as live sports resume.

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