One of the most popular retail stocks is no more as the company name and ticker have gone away via a stock merger that will see the company become a subsidiary of a larger organization. What Happened: Support.com, which previously traded as SPRT on the Nasdaq, is now owned by Greenidge Generation Holdings Inc (NASDAQ: GREE).
Full Answer
What's happening with support com's stock?
Sep 14, 2021 · Common stock shares of Support.com will be canceled and automatically converted, providing the right to receive 0.115 shares of the new Greenidge Class A common stock, according to Yahoo Finance ...
What happened to support COM?
Sep 14, 2021 · What happened Shares of Support.com (NASDAQ: SPRT) are getting crushed Tuesday, trading down roughly 29.5% as of 2:20 p.m. EDT. Today's massive sell-off comes on the heels of a nearly 10% decline ...
Is support com stock up 1000% in 2021’s trading?
Sep 02, 2021 · What happened. Shares of Support.com ( SPRT) surged 291% in August, according to data from S&P Global Market Intelligence.The beaten-down tech and customer support stock soared after it became the ...
What happened with SPRT stock?
Sep 15, 2021 · What Happened: Support.com, which previously traded as SPRT on the Nasdaq, is now owned by Greenidge Generation Holdings Inc (NASDAQ: GREE). The merger creates the first publicly traded ...
What happened to support com stocks?
Tech support specialist Support.com is still here – it's merged with Greenidge Generation (NASDAQ:GREE) and as a result, you can now trade GREE stock instead of SPRT.Sep 23, 2021
Is support COM delisted?
Merger. On September 15, 2021, Greenidge Generation Holdings acquired Support.com and delisted its stock from the Nasdaq.
What is the ticker symbol for support COM?
What is Support.com's stock symbol? Support.com trades on the NASDAQ under the ticker symbol "SPRT."
Is support Com a good stock to buy?
Support.com Stock Is Overvalued For long-term investors, SPRT stock may be the best Bitcoin mining play out there. The shares were one of the best short-squeeze plays when they traded for less than $8 per share.Sep 13, 2021
Is support COM a real company?
"Support.com is a very good company. They provide top notch service to customers. I will highly recommend them to anyone." "I worked at Support.com for nearly 4 years, and in all the while I did good tech work, however the company offered very little room for growth and advancement.
Who did support COM merge with?
Greenidge Generation Holdings IncShares of Support.com Inc. sprt tumbled 16.5% in afternoon trading Friday, after soaring 34.8% over the past two sessions, after the customer and technical support services company said it shareholder approved the deal to be acquired by bitcoin mining company Greenidge Generation Holdings Inc.Sep 10, 2021
Is SPRT a buy or sell?
A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
What is the stock price of support COM?
11.80Key Turning Points52-Week High59.69Fibonacci 50%30.65Fibonacci 38.2%23.80Last Price11.8052-Week Low1.621 more row•Sep 14, 2021
How do I buy stocks on support COM?
How to buy shares in Support-comCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
What happens to my SPRT stock after merger?
What Will Happen To My Money With SPRT During The Merge? Your money will either be unchanged or you will see positive gains once the merge has been finalized. This will highly depend on how well this merge does in the markets. SPRT last traded closer to $12 per share.Sep 15, 2021
Does SPRT squeeze?
SPRT Stock Has The Perfect Setup For A Short Squeeze If you're holding SPRT stock for a short squeeze, don't worry. Some retail investors cashed in and shorts continue to massively short…Sep 3, 2021
What does the company SPRT do?
Its specific focus is on helping enterprises switch over to work-from-home settings for their employees. The company's services are supported by its own work-from-home agents that are available 24/7 every day of the year.Mar 22, 2021
Key Points
The stock became a favorite among meme-focused investors, and its price soared after a short squeeze.
What happened
Shares of Support.com ( NASDAQ:SPRT) surged 291% in August, according to data from S&P Global Market Intelligence. The beaten-down tech and customer support stock soared after it became the latest short squeeze target favored by Reddit's WallStreetBets discussion board.
So what
Short-sellers who placed bets against Support.com had the tables turned as a swarm of investors turned bullish on the stock. The fast-rising share price spurred short-sellers to cover the stock they had shorted, which had the effect of pushing the share price even higher.
Now what
Support.com stock had already started to pull back at the end of August, and it's started September's trading with another big sell-off. The company's share price fell roughly 23% on the month's first day of trading.
What happened
Shares of Support.com (NASDAQ: SPRT) soared on Friday in an apparent short squeeze. By the close of trading, the technical support company's stock price was up 33.7% after surging as much as 203% earlier in the day.
So what
In March, Support.com made public its intention to merge with Greenidge Generation Holdings, a vertically integrated power-generation and Bitcoin (CRYPTO: BTC) mining company. Then in July, Greenidge Generation announced its plans to build a new carbon-neutral Bitcoin mining operation in South Carolina.
Now what
While these factors no doubt played a part in Support.com's gains, other dynamics are also at play. About 60% of Support.com's float is held short, according to data analytics firm S3 Partners.
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