"Look at Tesla and Apple: Everybody understands that splits don't create value," the founder of Omega Advisors told CNBC's "Monday's gains in Apple and Tesla came amid high volume as smaller traders are able to snap up shares in both companies at a much lower price than on Friday.
Through the 90 minutes of Monday's session, Apple had traded 82.7 million shares, which is roughly 46% of the stock's 30-day volume average of 178.588 million. Tesla shares had exchanged hands 37.4 million times, more than half of its 30-day volume average of 73.369 million. This year, smaller traders have been more actively participating in the market as commission-free online brokerage Robinhood grows in popularity. But Cooperman sees this as a potential sign of being overheated.
"I see signs of euphoria creeping into the market: the IPO SPAC market is one, [and] the craziness in many of the stocks that the Robinhood crowd has latched onto," Cooperman said. "You see a Kodak go from $1.50 to $60 and from $60 to $6 in a very short period of time … and when you look into it, it's the Robinhood crowd taking it up."for exclusive insights and analysis, and live business day programming from around the world.
Welcome to the poor world. Nothing to invest nothing to win.
Wake up The enemy is at home ! militant mob Slogan Death to USA !
HighFreq. BlackBox trading always spikes—As the retail dumb$ & 401k trading other people’s$ gets in at the top. HeadFake—then wait for the SuckerPunch
And in the meantime how many millions of Americans are unemployed?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple, Tesla bid up ahead of share split openThe high-flying shares of Apple Inc and Tesla Inc gained more ground on Monday, ahead of their first official trading following a split into smaller portions that makes it easier for retail investors to own the shares. They're cheap again! Everyone pile in to bid up their share prices again! lol TSLA is up .16% in premarket. Not a significant move by any measure.
Source: Reuters - 🏆 2. / 97 Read more »
Popular trading platforms TD Ameritrade, Robinhood, others face outages as Tesla and Apple stocks splitUsers of a number of popular trading platforms on Monday were complaining of downed systems and an inability to trade, coming as two of the two most... Has nothing to do with AAPL & TSLA volume. Guess again Puta la weá
Source: MarketWatch - 🏆 3. / 97 Read more »
Apple, Tesla shares pop after stock splitsThe high-flying shares of Apple Inc and Tesla Inc rose further on Monday, as investors jumped at the opportunity to own shares at more affordable prices after the companies split their stock. Empresas de Judíos iluminati.... The FED must be abolished federalreserve Lol , and sp500 , Dow Jones down , mmm broker hace problem with cut now . Why Easy . They want your money
Source: Reuters - 🏆 2. / 97 Read more »
Apple, Tesla jump as stock splits take effectApple and Tesla rose sharply on Monday, the first day after their recently announced stock splits took effect. And the rich just got richer!!! FOMO is at play here. Honestly, we don't care.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Apple, Tesla, Beyond Meat, Amazon & moreApple and Tesla rise after their stock splits and Beyond Meat gets a boost from an analyst upgrade. Is i5 the rôle of fed to be shareholder of apple ? amd rxt, shll, wkhs
Source: CNBC - 🏆 12. / 72 Read more »
Apple Watch watchOS 7 update: Best new features coming to Apple Watch - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I don't care
Source: BusinessInsider - 🏆 729. / 51 Read more »