Market (@MarketNewsUpdate) on getquin

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝘁𝗵𝗲𝗿 𝗮𝘂𝗳 𝟭𝟯 𝗕𝗶𝗹𝗹𝗶𝗼𝗻𝗲𝗻 $ / 𝗦&𝗧 𝘄𝗶𝗿𝗱 𝗮𝗻𝗴𝗲𝗴𝗿𝗶𝗳𝗳𝗲𝗻 / 𝗥𝗲𝗱𝗱𝗶𝘁 𝗽𝗹𝗮𝗻𝘁 𝗜𝗣𝗢

𝗜𝗣𝗢𝘀 🔔

Reddit - The Reddit forum platform has secretly registered with the Securities and Exchange Commission, meaning an initial public offering is imminent. An exact number of shares or price range has not yet been determined, but it is expected that the U.S. Securities and Exchange Commission (SEC) will allow the IPO after the review is completed. In August, the company completed a financing round of 700 million US dollars and announced a valuation of approximately ten billion US dollars.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, DTE Company ($DTE (+1.7%)), J&J Snack Foods corp. ($JJSF) and Kimball International Inc. ($KBAL) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Darden Restaurants Inc. ($DRI (+2.45%)) and Winnebago Industries Inc. ($WGO (+1.35%)) present their quarterly figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Adidas ($ADS (+1.56%)) - Sporting goods manufacturer Adidas is planning share buybacks worth 4 billion euros over the next few years. The money for the buybacks is to come primarily from the sale of its Reebok subsidiary. The aim here is to pay out further free cash flow to shareholders apart from the dividend.

S&T ($SANT (+0.5%)) - The Austrian IT group S&T, listed on the Tech-DAX, saw its share price fall by up to 34% yesterday. The reason for this was a report by the short seller Viceroy Research Group. The short seller accuses the management of unfair business practices. S&T AG now states that the report will be closely examined internally and externally and that there was no prior contact with Viceroy. In addition, some of the accusations relate to actions 10 years ago and the management at that time.

The management board of S&T AG took advantage of the favorable share prices yesterday to make purchases amounting to € 132.00.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Coinbase ($COIN (+4.25%)) - Due to a technical error, some of Coinbase's users briefly became billiadaries this week. The crypto trading platform showed price increases of billions of percent in cryptocurrencies Bitcoin ($BTC (+0.07%)) and Ether ($ETH (+1.22%)). The price for Ether was $ 13,181,942,005,393.83 ($ 13 bilion) in the meantime. However, none of the users were able to profit from this.