Shift Technologies, Inc. Stock News

LONDON: Cryptocurrency firm Wormhole said on Thursday that "all funds have been restored" after over $320 million was stolen from its site in the fourth-largest crypto heist on record. Wormhole, a "decentralised finance" site that allows the transfer of information across crypto networks, said on Wednesday it had been "exploited" for 120,000 digital tokens connected to the second-largest cryptocurrency, ether. At the time of its announcement of the heist, the market value of the tokens was just over $320 million. The theft was the latest to hit the fast-growing but mostly unregulated DeFi sector. DeFi platforms allow users to lend, borrow and save - usually in crypto - while bypassing traditional gatekeepers of finance such as banks. "All funds have been restored and Wormhole is back up," the platform said on Twitter after earlier saying on its Telegram channel that "all funds are safe". Wormhole gave no further information on how it retrieved the funds, and didn''t respond to multiple Reuters requests for comment via social media.

Shift Tech (SFT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising

In today's note, we will discuss Shift's latest quarterly report, in which the company grew at 200% y/y. The violent sell-off in growth stocks has left Shift trading below 1x of the cash on its balanc

The worlds largest technology investor has bought a $100m stake in Gousto, the British meal-kit subscription service.

In the enterprise, we do not see the companies that you may think of as our competition, says CEO Manu Sharma.

Shift Technologies Inc - Class A (SFT) shares closed today 11.2% higher than it did at the end of yesterday. The stock is currently down 62.2% year-to-date, down 64.4% over the past 12 months, and down 68.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 fell 0.3%. Trading Activity Shares traded as high as $3.64 and as low as $3.07 this week.Shares closed 68.1% below its 52-week high and 14.5% above its 52-week low.Trading volume this week was 1.9% lower than the 10-day average and 18.0% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.6. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -398.8% The company's stock price performance over the past 12 months lags the peer average by -396.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Inflation is hitting multi-decade highs, causing investor panic in equity markets. Although broader indices do not reflect this panic, several growth stocks are down ~40-80% from their highs. After a

Shift Technologies Inc. (NASDAQ:SFT) concluded the trading at $3.28 on Wednesday, December 22 with a rise of 0.92% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $3.25 and 5Y monthly beta was reading 0.54 with its price kept floating in the Shift Technologies Inc. (SFT) Recovers 7.89% From Low: Are We There Yet? Read More »

Shift Technologies Inc. (NASDAQ:SFT) has seen 3.21 million shares traded in the last trading session. The company, currently valued at $251.93M, closed the last trade at $3.09 per share which meant it lost -$0.17 on the day or -5.21% during that session. The SFT stock price is -252.75% off its 52-week high price of $10.90 Shift Technologies Inc. (SFT) Is Another Fantastic Bargain Stock Read More »

The trading price of Shift Technologies Inc. (NASDAQ:SFT) floating higher at last check on Tuesday, December 14, closing at $3.59, 0.14% higher than its previous close. >> 7 Top Picks for the Post-Pandemic Economy

In the last trading session, 4.16 million shares of the Shift Technologies Inc. (NASDAQ:SFT) were traded. Most recently the company’s share price was $3.58, and it changed around -$0.37 or -9.37% from the last close, which brings the market valuation of the company to $297.82M. SFT currently trades at a discount to its 52-week high … Shift Technologies Inc. (NASDAQ: SFT): A Competitive Analysis And Growth Prospects Read More »

SAN FRANCISCO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced a $100 million committed floorplan facility with Ally Financial Inc. (NYSE:ALLY), a leading digital financial services company. The new floorplan financing relationship expands the companies business relationship and has a two-year term, expiring December 9, 2023.

Shift Technologies Inc (NASDAQ: SFT) announced a $100 million committed floorplan facility with Ally Financial Inc (NYSE: ALLY), a digital financial services company.  The new floorplan financin

Wall Street brokerages forecast that Shift Technologies, Inc. (NASDAQ:SFT) will post sales of $184.73 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Shift Technologies’ earnings. The highest sales estimate is $188.60 million and the lowest is $180.30 million. Shift Technologies posted sales of $73.41 million in the […]