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At Close: Aug 17, 2022

Archegos Margin Call Causes Market Ripples

11:21am, Monday, 29'th Mar 2021
Here in the U.S., market futures are down: the Dow looks to open -180 points, the Nasdaq -40 and the S&P 500 -20.
Streaming stocks like VIAC stock and DISCA continue to suffer on Monday thanks to the Archegos fallout and analyst downgrades. The post Streaming Stocks: 2 Big Reasons DISCA and VIAC Stocks Are Fallin
Some of the severe selling pressure in select U.S. media stocks and Chinese internet ADRs on Friday was due to the forced liquidation of positions held by the multibillion dollar family office, Archeg

Remapping The Future Of Discovery

02:36am, Monday, 29'th Mar 2021
Remapping The Future Of Discovery
The liquidations appear to have left Archegos, which managed an estimated $10 billion of personal wealth for Hwang and his family, under extreme pressure following heavy losses.
Despite the upbeat note that the final full week in March delivered, strategists and market participants are concerned about a major block trade in the final minutes of Friday trading.
Rumors of massive block trades have followed gyrations in the stock prices of some companies on Friday. A block trade involves a large number of shares and is privately negotiated between buyer and se
Some of the severe selling pressure in select U.S. media stocks and Chinese internet ADRs on Friday was due to the forced liquidation of positions held by Archegos Capital.
Shares in media companies ViacomCBS and Discovery Inc tumbled around 27% each on Friday, capping a week of declines and putting both stocks roughly 50% below their recent record highs.
Shares of the media company continued to give back gains following a monster run-up.
Streaming stocks are seeing big downturns today after notes from Wells Fargo hit DISCA and VIAC stock hard. The post Streaming Stocks: Why DISCA, ROKU, VIAC, DISCK Stocks Are Plunging Today appeared f
Shares of Discovery and ViacomCBS tumbled on separate downgrades from Wells Fargo on Friday, as analysts expressed concerned that the media companies' recent gains may be overblown. In early-day tradi
Century Aluminum Co (NASDAQ: CENX) shares are trading higher by more than 18% Friday morning after the company announced it has finalized its Mt. Holly power contract, which it expects to result in a

UBS Analysts Dunk on ViacomCBS, Discovery

01:31pm, Thursday, 25'th Mar 2021
Shares of ViacomCBS Inc. (NASDAQ: VIAC) had soared by about 170% from January 2 to March 22.
A variety of different variables has made valuing media companies such as ViacomCBS, Discovery unusually tricky.
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