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2021-03-05

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Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged

2021-02-22

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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1614953700,"share":"https://ttm.financial/m/news/2117363086?lang=en_US&edition=fundamental","pubTime":"2021-03-05 22:15","market":"hk","language":"en","title":"Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged","url":"https://stock-news.laohu8.com/highlight/detail?id=2117363086","media":"Dow Jones","summary":"MW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n\n\n  Tomi ","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n</p>\n<p>\n  Tomi Kilgore \n</p>\n<p>\n  Dollar volume of shares sold by Chamath Palihapitya on March 2 and March 3 was nearly <a href=\"https://laohu8.com/S/AONE\">one</a>-fifth of the total for those days \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. Chairman Chamath Palihapitiya sold off a chunk of his shares this week, and played a part of the plunge in prices. \n</p>\n<p>\n  The spaceflight company disclosed late Thursday that Palihapitiya  sold a total of 6.2 million shares in the open market to raise $212,771,951. The sales included 3.1 million shares for $109,373,249 on March 2 and 3.1 million shares for $103,389,702 on March 3. \n</p>\n<p>\n  Based on a MarketWatch calculation of data from a Form 4 filing with the Securities and Exchange Commission , the weighted average price of the sales was $34.3181, including $35.2817 on March 2 and $33.3544 on March 3. \n</p>\n<p>\n  Palihapitiya's sales came as the stock tumbled 11.5% on March 2 to $33.77 and dropped 5.2% on March 3 to $32.03, before falling another 5.4% on March 4 to $30.30. \n</p>\n<p>\n  On Friday, the stock <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a> dropped 5.6% in premarket trading, which would bring losses to about 25% over the past four days. \n</p>\n<p>\n  The stock's weakness this week comes after the company reported after last Thursday's close a narrower-than-expected fourth-quarter loss , but said the COVID-19 pandemic continued to put pressure on its space-tourism business. \n</p>\n<p>\n  Palihapitiya played a big part in the stock's trading volume \n</p>\n<p>\n  Trading volume in Virgin Galactic shares was 14.8 million shares on March 2 and 18.3 million shares on March 3, according to FactSet. That means the dollar volume of trading over those two days was about $1.09 billion, based on closing prices. That suggests Palihapitiya's sales accounted for about <a href=\"https://laohu8.com/S/AONE.U\">one</a>-fifth of the dollar volume of sales over those two days. \n</p>\n<p>\n  Palihapitiya still owned a large stake in Virgin Galactic. In the 10-K annual report filed on March 1 , the company said Palihapitiya owned 37.95 million shares, or 15.5% of the shares outstanding. \n</p>\n<p>\n  Subtracting the latest sales, that suggests he still owns 13.4% of the shares outstanding, which at Thursday's stock closing price would be valued at about $962 million. \n</p>\n<p>\n  Virgin Galactic's stock has gained 5.4% over the past three months through Thursday and has climbed 25.8% over the past 12 months. In comparison, the S&amp;P 500 index  has tacked on 1.9% the past three months and advanced 24.6% the past year. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 05, 2021 09:15 ET (14:15 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVirgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-05 22:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n</p>\n<p>\n  Tomi Kilgore \n</p>\n<p>\n  Dollar volume of shares sold by Chamath Palihapitya on March 2 and March 3 was nearly <a href=\"https://laohu8.com/S/AONE\">one</a>-fifth of the total for those days \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. Chairman Chamath Palihapitiya sold off a chunk of his shares this week, and played a part of the plunge in prices. \n</p>\n<p>\n  The spaceflight company disclosed late Thursday that Palihapitiya  sold a total of 6.2 million shares in the open market to raise $212,771,951. The sales included 3.1 million shares for $109,373,249 on March 2 and 3.1 million shares for $103,389,702 on March 3. \n</p>\n<p>\n  Based on a MarketWatch calculation of data from a Form 4 filing with the Securities and Exchange Commission , the weighted average price of the sales was $34.3181, including $35.2817 on March 2 and $33.3544 on March 3. \n</p>\n<p>\n  Palihapitiya's sales came as the stock tumbled 11.5% on March 2 to $33.77 and dropped 5.2% on March 3 to $32.03, before falling another 5.4% on March 4 to $30.30. \n</p>\n<p>\n  On Friday, the stock <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a> dropped 5.6% in premarket trading, which would bring losses to about 25% over the past four days. \n</p>\n<p>\n  The stock's weakness this week comes after the company reported after last Thursday's close a narrower-than-expected fourth-quarter loss , but said the COVID-19 pandemic continued to put pressure on its space-tourism business. \n</p>\n<p>\n  Palihapitiya played a big part in the stock's trading volume \n</p>\n<p>\n  Trading volume in Virgin Galactic shares was 14.8 million shares on March 2 and 18.3 million shares on March 3, according to FactSet. That means the dollar volume of trading over those two days was about $1.09 billion, based on closing prices. That suggests Palihapitiya's sales accounted for about <a href=\"https://laohu8.com/S/AONE.U\">one</a>-fifth of the dollar volume of sales over those two days. \n</p>\n<p>\n  Palihapitiya still owned a large stake in Virgin Galactic. In the 10-K annual report filed on March 1 , the company said Palihapitiya owned 37.95 million shares, or 15.5% of the shares outstanding. \n</p>\n<p>\n  Subtracting the latest sales, that suggests he still owns 13.4% of the shares outstanding, which at Thursday's stock closing price would be valued at about $962 million. \n</p>\n<p>\n  Virgin Galactic's stock has gained 5.4% over the past three months through Thursday and has climbed 25.8% over the past 12 months. In comparison, the S&amp;P 500 index  has tacked on 1.9% the past three months and advanced 24.6% the past year. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 05, 2021 09:15 ET (14:15 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117363086","content_text":"MW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n\n\n  Tomi Kilgore \n\n\n  Dollar volume of shares sold by Chamath Palihapitya on March 2 and March 3 was nearly one-fifth of the total for those days \n\n\nVirgin Galactic Holdings Inc. Chairman Chamath Palihapitiya sold off a chunk of his shares this week, and played a part of the plunge in prices. \n\n\n  The spaceflight company disclosed late Thursday that Palihapitiya  sold a total of 6.2 million shares in the open market to raise $212,771,951. The sales included 3.1 million shares for $109,373,249 on March 2 and 3.1 million shares for $103,389,702 on March 3. \n\n\n  Based on a MarketWatch calculation of data from a Form 4 filing with the Securities and Exchange Commission , the weighted average price of the sales was $34.3181, including $35.2817 on March 2 and $33.3544 on March 3. \n\n\n  Palihapitiya's sales came as the stock tumbled 11.5% on March 2 to $33.77 and dropped 5.2% on March 3 to $32.03, before falling another 5.4% on March 4 to $30.30. \n\n\n  On Friday, the stock $(SPCE)$ dropped 5.6% in premarket trading, which would bring losses to about 25% over the past four days. \n\n\n  The stock's weakness this week comes after the company reported after last Thursday's close a narrower-than-expected fourth-quarter loss , but said the COVID-19 pandemic continued to put pressure on its space-tourism business. \n\n\n  Palihapitiya played a big part in the stock's trading volume \n\n\n  Trading volume in Virgin Galactic shares was 14.8 million shares on March 2 and 18.3 million shares on March 3, according to FactSet. That means the dollar volume of trading over those two days was about $1.09 billion, based on closing prices. That suggests Palihapitiya's sales accounted for about one-fifth of the dollar volume of sales over those two days. \n\n\n  Palihapitiya still owned a large stake in Virgin Galactic. In the 10-K annual report filed on March 1 , the company said Palihapitiya owned 37.95 million shares, or 15.5% of the shares outstanding. \n\n\n  Subtracting the latest sales, that suggests he still owns 13.4% of the shares outstanding, which at Thursday's stock closing price would be valued at about $962 million. \n\n\n  Virgin Galactic's stock has gained 5.4% over the past three months through Thursday and has climbed 25.8% over the past 12 months. In comparison, the S&P 500 index  has tacked on 1.9% the past three months and advanced 24.6% the past year. \n\n\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 05, 2021 09:15 ET (14:15 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":1069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369991879,"gmtCreate":1613995347691,"gmtModify":1704886606127,"author":{"id":"3569363039952943","authorId":"3569363039952943","name":"jianxiong123","avatar":"https://static.tigerbbs.com/8c136f1aae6086bc15a9ee70a0269f8b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569363039952943","authorIdStr":"3569363039952943"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369991879","repostId":"1152568919","repostType":2,"isVote":1,"tweetType":1,"viewCount":1224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":369991879,"gmtCreate":1613995347691,"gmtModify":1704886606127,"author":{"id":"3569363039952943","authorId":"3569363039952943","name":"jianxiong123","avatar":"https://static.tigerbbs.com/8c136f1aae6086bc15a9ee70a0269f8b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569363039952943","idStr":"3569363039952943"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369991879","repostId":"1152568919","repostType":2,"repost":{"id":"1152568919","kind":"news","pubTimestamp":1612450741,"share":"https://ttm.financial/m/news/1152568919?lang=en_US&edition=fundamental","pubTime":"2021-02-04 22:59","market":"us","language":"en","title":"Why UP Fintech Holding Stock Nearly Doubled in January","url":"https://stock-news.laohu8.com/highlight/detail?id=1152568919","media":"The Motley Fool","summary":"What happened?Shares ofUP Fintech Holding Limited(NASDAQ:TIGR), otherwise known as Tiger Brokers, su","content":"<p>What happened?</p><p>Shares of<b>UP Fintech Holding Limited</b>(NASDAQ:TIGR), otherwise known as Tiger Brokers, surged 98.7% higher in January, according to data provided byS&amp;P Global Market Intelligence. Surprisingly, there's very little news that would seem to account for these stellar gains. But perhaps it can be simply explained by an increasing awareness of the company among investors.</p><p>So what</p><p>According to Yahoo Finance, only 4% of UP Fintech Holding stock is owned by institutional investors. That likely means this is a company flying completely under the radar. However, once investors do finally hear about UP Fintech Holding, it's a story that's easy to latch on to and get excited about. The company is being called the \"Robinhood of China,\" its revenue is growing at a triple-digit pace, and it has its sights set on international expansion.</p><p></p><p>IMAGE SOURCE: GETTY IMAGES.</p><p>Here, in early February, we now have greater evidence to support this under-the-radar hypothesis. Kerrisdale Capital is a research firm with a large following. On Feb. 2, it said it was long shares of UP Fintech Holding. Following this announcement, the stock immediately popped. In short, it appears that as investors are exposed to UP Fintech Holding for the first time, they like what they see and quickly jump on the bandwagon.</p><p>That's not to say there wasn't any news whatsoever for UP Fintech Holding. During January it announced a partnership with<b>Aurora Mobile</b>to help the company with user data analytics, which could improve its customer service -- a good thing.&nbsp;Furthermore, the company announced that it's replaced its auditing firm with KPMG Huazhen.&nbsp;And financial audits are something investors ininternational stocksare particularly interested in.</p><p>It's possible to cast both of these developments in a positive light. However, they don't seem to adequately explain why UP Fintech Holding stock nearly doubled in January. This is why I prefer the increased-visibility explanation.</p><p>Now what</p><p>Stories that are easy to latch on to, like the story of UP Fintech Holding, have a hidden danger. It's easy to oversimplify an investment thesis by ignoring risks and failing to outline how a company will create lasting shareholder value. To be clear, I'm not saying that UP Fintech Holding is a dangerous stock to own. I'm saying the temptation to invest for weak reasons is strong, and getting stronger as the stock skyrockets. Fear of missing out is a real thing.</p><p>For investors, it will be important to calmly approach this as you would any other stock. Try tosee it from both sidesand make your decision accordingly.</p><p>Should you invest $1,000 in UP Fintech Holding Limited right now?</p><p>Before you consider UP Fintech Holding Limited, you'll want to hear this.</p><p>Investing legends and Motley Fool Co-founders David and Tom Gardner just revealed what they believe are the<b>10 best stocks</b>for investors to buy right now... and UP Fintech Holding Limited wasn't one of them.</p><p>The online investing service they've run for nearly two decades,<i>Motley Fool Stock Advisor</i>, has beaten the stock market by over 4X.* And right now, they think there are 10 stocks that are better buys.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why UP Fintech Holding Stock Nearly Doubled in January</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy UP Fintech Holding Stock Nearly Doubled in January\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 22:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/02/03/why-up-fintech-holding-stock-nearly-doubled-in-jan/><strong>The Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened?Shares ofUP Fintech Holding Limited(NASDAQ:TIGR), otherwise known as Tiger Brokers, surged 98.7% higher in January, according to data provided byS&P Global Market Intelligence. ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/02/03/why-up-fintech-holding-stock-nearly-doubled-in-jan/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6696a7804fc125e32c38f848d97c02f7","relate_stocks":{"TIGR":"老虎证券"},"source_url":"https://www.fool.com/investing/2021/02/03/why-up-fintech-holding-stock-nearly-doubled-in-jan/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152568919","content_text":"What happened?Shares ofUP Fintech Holding Limited(NASDAQ:TIGR), otherwise known as Tiger Brokers, surged 98.7% higher in January, according to data provided byS&P Global Market Intelligence. Surprisingly, there's very little news that would seem to account for these stellar gains. But perhaps it can be simply explained by an increasing awareness of the company among investors.So whatAccording to Yahoo Finance, only 4% of UP Fintech Holding stock is owned by institutional investors. That likely means this is a company flying completely under the radar. However, once investors do finally hear about UP Fintech Holding, it's a story that's easy to latch on to and get excited about. The company is being called the \"Robinhood of China,\" its revenue is growing at a triple-digit pace, and it has its sights set on international expansion.IMAGE SOURCE: GETTY IMAGES.Here, in early February, we now have greater evidence to support this under-the-radar hypothesis. Kerrisdale Capital is a research firm with a large following. On Feb. 2, it said it was long shares of UP Fintech Holding. Following this announcement, the stock immediately popped. In short, it appears that as investors are exposed to UP Fintech Holding for the first time, they like what they see and quickly jump on the bandwagon.That's not to say there wasn't any news whatsoever for UP Fintech Holding. During January it announced a partnership withAurora Mobileto help the company with user data analytics, which could improve its customer service -- a good thing. Furthermore, the company announced that it's replaced its auditing firm with KPMG Huazhen. And financial audits are something investors ininternational stocksare particularly interested in.It's possible to cast both of these developments in a positive light. However, they don't seem to adequately explain why UP Fintech Holding stock nearly doubled in January. This is why I prefer the increased-visibility explanation.Now whatStories that are easy to latch on to, like the story of UP Fintech Holding, have a hidden danger. It's easy to oversimplify an investment thesis by ignoring risks and failing to outline how a company will create lasting shareholder value. To be clear, I'm not saying that UP Fintech Holding is a dangerous stock to own. I'm saying the temptation to invest for weak reasons is strong, and getting stronger as the stock skyrockets. Fear of missing out is a real thing.For investors, it will be important to calmly approach this as you would any other stock. Try tosee it from both sidesand make your decision accordingly.Should you invest $1,000 in UP Fintech Holding Limited right now?Before you consider UP Fintech Holding Limited, you'll want to hear this.Investing legends and Motley Fool Co-founders David and Tom Gardner just revealed what they believe are the10 best stocksfor investors to buy right now... and UP Fintech Holding Limited wasn't one of them.The online investing service they've run for nearly two decades,Motley Fool Stock Advisor, has beaten the stock market by over 4X.* And right now, they think there are 10 stocks that are better buys.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367216767,"gmtCreate":1614953897459,"gmtModify":1704777399586,"author":{"id":"3569363039952943","authorId":"3569363039952943","name":"jianxiong123","avatar":"https://static.tigerbbs.com/8c136f1aae6086bc15a9ee70a0269f8b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569363039952943","idStr":"3569363039952943"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367216767","repostId":"2117363086","repostType":2,"repost":{"id":"2117363086","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1614953700,"share":"https://ttm.financial/m/news/2117363086?lang=en_US&edition=fundamental","pubTime":"2021-03-05 22:15","market":"hk","language":"en","title":"Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged","url":"https://stock-news.laohu8.com/highlight/detail?id=2117363086","media":"Dow Jones","summary":"MW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n\n\n  Tomi ","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n</p>\n<p>\n  Tomi Kilgore \n</p>\n<p>\n  Dollar volume of shares sold by Chamath Palihapitya on March 2 and March 3 was nearly <a href=\"https://laohu8.com/S/AONE\">one</a>-fifth of the total for those days \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. Chairman Chamath Palihapitiya sold off a chunk of his shares this week, and played a part of the plunge in prices. \n</p>\n<p>\n  The spaceflight company disclosed late Thursday that Palihapitiya  sold a total of 6.2 million shares in the open market to raise $212,771,951. The sales included 3.1 million shares for $109,373,249 on March 2 and 3.1 million shares for $103,389,702 on March 3. \n</p>\n<p>\n  Based on a MarketWatch calculation of data from a Form 4 filing with the Securities and Exchange Commission , the weighted average price of the sales was $34.3181, including $35.2817 on March 2 and $33.3544 on March 3. \n</p>\n<p>\n  Palihapitiya's sales came as the stock tumbled 11.5% on March 2 to $33.77 and dropped 5.2% on March 3 to $32.03, before falling another 5.4% on March 4 to $30.30. \n</p>\n<p>\n  On Friday, the stock <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a> dropped 5.6% in premarket trading, which would bring losses to about 25% over the past four days. \n</p>\n<p>\n  The stock's weakness this week comes after the company reported after last Thursday's close a narrower-than-expected fourth-quarter loss , but said the COVID-19 pandemic continued to put pressure on its space-tourism business. \n</p>\n<p>\n  Palihapitiya played a big part in the stock's trading volume \n</p>\n<p>\n  Trading volume in Virgin Galactic shares was 14.8 million shares on March 2 and 18.3 million shares on March 3, according to FactSet. That means the dollar volume of trading over those two days was about $1.09 billion, based on closing prices. That suggests Palihapitiya's sales accounted for about <a href=\"https://laohu8.com/S/AONE.U\">one</a>-fifth of the dollar volume of sales over those two days. \n</p>\n<p>\n  Palihapitiya still owned a large stake in Virgin Galactic. In the 10-K annual report filed on March 1 , the company said Palihapitiya owned 37.95 million shares, or 15.5% of the shares outstanding. \n</p>\n<p>\n  Subtracting the latest sales, that suggests he still owns 13.4% of the shares outstanding, which at Thursday's stock closing price would be valued at about $962 million. \n</p>\n<p>\n  Virgin Galactic's stock has gained 5.4% over the past three months through Thursday and has climbed 25.8% over the past 12 months. In comparison, the S&amp;P 500 index  has tacked on 1.9% the past three months and advanced 24.6% the past year. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 05, 2021 09:15 ET (14:15 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVirgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-05 22:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n</p>\n<p>\n  Tomi Kilgore \n</p>\n<p>\n  Dollar volume of shares sold by Chamath Palihapitya on March 2 and March 3 was nearly <a href=\"https://laohu8.com/S/AONE\">one</a>-fifth of the total for those days \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. Chairman Chamath Palihapitiya sold off a chunk of his shares this week, and played a part of the plunge in prices. \n</p>\n<p>\n  The spaceflight company disclosed late Thursday that Palihapitiya  sold a total of 6.2 million shares in the open market to raise $212,771,951. The sales included 3.1 million shares for $109,373,249 on March 2 and 3.1 million shares for $103,389,702 on March 3. \n</p>\n<p>\n  Based on a MarketWatch calculation of data from a Form 4 filing with the Securities and Exchange Commission , the weighted average price of the sales was $34.3181, including $35.2817 on March 2 and $33.3544 on March 3. \n</p>\n<p>\n  Palihapitiya's sales came as the stock tumbled 11.5% on March 2 to $33.77 and dropped 5.2% on March 3 to $32.03, before falling another 5.4% on March 4 to $30.30. \n</p>\n<p>\n  On Friday, the stock <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a> dropped 5.6% in premarket trading, which would bring losses to about 25% over the past four days. \n</p>\n<p>\n  The stock's weakness this week comes after the company reported after last Thursday's close a narrower-than-expected fourth-quarter loss , but said the COVID-19 pandemic continued to put pressure on its space-tourism business. \n</p>\n<p>\n  Palihapitiya played a big part in the stock's trading volume \n</p>\n<p>\n  Trading volume in Virgin Galactic shares was 14.8 million shares on March 2 and 18.3 million shares on March 3, according to FactSet. That means the dollar volume of trading over those two days was about $1.09 billion, based on closing prices. That suggests Palihapitiya's sales accounted for about <a href=\"https://laohu8.com/S/AONE.U\">one</a>-fifth of the dollar volume of sales over those two days. \n</p>\n<p>\n  Palihapitiya still owned a large stake in Virgin Galactic. In the 10-K annual report filed on March 1 , the company said Palihapitiya owned 37.95 million shares, or 15.5% of the shares outstanding. \n</p>\n<p>\n  Subtracting the latest sales, that suggests he still owns 13.4% of the shares outstanding, which at Thursday's stock closing price would be valued at about $962 million. \n</p>\n<p>\n  Virgin Galactic's stock has gained 5.4% over the past three months through Thursday and has climbed 25.8% over the past 12 months. In comparison, the S&amp;P 500 index  has tacked on 1.9% the past three months and advanced 24.6% the past year. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 05, 2021 09:15 ET (14:15 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117363086","content_text":"MW Virgin Galactic chairman dumped more than $210 million worth of stock as prices plunged\n\n\n  Tomi Kilgore \n\n\n  Dollar volume of shares sold by Chamath Palihapitya on March 2 and March 3 was nearly one-fifth of the total for those days \n\n\nVirgin Galactic Holdings Inc. Chairman Chamath Palihapitiya sold off a chunk of his shares this week, and played a part of the plunge in prices. \n\n\n  The spaceflight company disclosed late Thursday that Palihapitiya  sold a total of 6.2 million shares in the open market to raise $212,771,951. The sales included 3.1 million shares for $109,373,249 on March 2 and 3.1 million shares for $103,389,702 on March 3. \n\n\n  Based on a MarketWatch calculation of data from a Form 4 filing with the Securities and Exchange Commission , the weighted average price of the sales was $34.3181, including $35.2817 on March 2 and $33.3544 on March 3. \n\n\n  Palihapitiya's sales came as the stock tumbled 11.5% on March 2 to $33.77 and dropped 5.2% on March 3 to $32.03, before falling another 5.4% on March 4 to $30.30. \n\n\n  On Friday, the stock $(SPCE)$ dropped 5.6% in premarket trading, which would bring losses to about 25% over the past four days. \n\n\n  The stock's weakness this week comes after the company reported after last Thursday's close a narrower-than-expected fourth-quarter loss , but said the COVID-19 pandemic continued to put pressure on its space-tourism business. \n\n\n  Palihapitiya played a big part in the stock's trading volume \n\n\n  Trading volume in Virgin Galactic shares was 14.8 million shares on March 2 and 18.3 million shares on March 3, according to FactSet. That means the dollar volume of trading over those two days was about $1.09 billion, based on closing prices. That suggests Palihapitiya's sales accounted for about one-fifth of the dollar volume of sales over those two days. \n\n\n  Palihapitiya still owned a large stake in Virgin Galactic. In the 10-K annual report filed on March 1 , the company said Palihapitiya owned 37.95 million shares, or 15.5% of the shares outstanding. \n\n\n  Subtracting the latest sales, that suggests he still owns 13.4% of the shares outstanding, which at Thursday's stock closing price would be valued at about $962 million. \n\n\n  Virgin Galactic's stock has gained 5.4% over the past three months through Thursday and has climbed 25.8% over the past 12 months. In comparison, the S&P 500 index  has tacked on 1.9% the past three months and advanced 24.6% the past year. \n\n\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 05, 2021 09:15 ET (14:15 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":1069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}