JPMorgan Slams Avis Short Squeeze: Is a Massive Share Offering Coming?
JPMorgan cut Avis rating; stock fell 38% after a short squeeze. Valuation seen too high, possible share sale may cool rally.
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#News-Driven Stocks↓
Poet Technologies Surges as CFO Confirms Marvell Order & Blasts Short Sellers as “Maggots”
POET stock jumped about 25% to $12.80 after news it supplies Marvell. It has more than doubled in 9 trading days.
TSMC Delays $410 Million ASML Machines Until 2029 to Cut Costs
TSMC will postpone using ASML’s most advanced high-NA EUV lithography machines until 2029 to cut costs. A13 chips entering production and new Arizona packaging plant also announced.
Low-Cost Airlines Plunge as Trump Team Prepares $500 Million Bailout for Spirit
The Trump administration is close to approving up to $500 million rescue financing for Spirit Airlines.
Rivian Starts Production of Affordable R2 SUV – Deliveries Begin This Spring
Priced from $45,000, the R2 aims to boost demand and drive Rivian toward profitability against Tesla’s Model Y.
Hasbro Halts Orders from Key Indian Supplier After Cyber Attack
Hasbro pauses orders after hack, may change supplier; site still down but games unit running, impact on supply chain and costs.