STPK stock lost ground as investors rebalanced their portfolios amid a widespread sell-off. The surge in interest rates has also made growth-dependent technology stocks less attractive to investors, impacting STPK. Furthermore, the SEC’s involvement in SPAC deals has created a stir and dragged down SPAC stocks.
Full Answer
Why is STPK stock dropping despite no analyst downgrade?
STPK stock has dropped significantly despite there being no analyst downgrade or company-specific news. STPK stock lost ground as investors rebalanced their portfolios amid a widespread sell-off.
What's happening to STPK SPAC stock?
On Apr. 20, STPK SPAC stock fell 5.9 percent and closed at $22.99. The stock has fallen 55.4 percent from its peak, which includes a 16 percent pullback over the last month.
What is stem (STPK) stock worth?
In other words, by using the ChargePoint/Switchback Energy SPAC pro forma valuation, the valuation for Stem (STPK stock) is worth $61.89. This represents a potential gain of 46% over the Feb. 22 price of the stock at $42.26.
Is Star Peak Energy Transition (STPK) stock a buy after merger with stem?
The Star Peak Energy Transition (STPK) SPAC is planning to merge with energy storage specialist Stem in a deal valued at $1.35 billion. STPK stock has dropped 55 percent from the peak it hit in Feb. 2021.
Is STEM good stock?
Stem Inc has a Long-Term Technical rank of 7. This means that trading over the last 200 trading days has placed the company in the lower half of stocks with 93% of the market scoring higher. In the Software - Infrastructure industry which is number 113 by this metric, STEM ranks better than 11% of stocks.
What is the stock price of STPK?
26.61Realtime quote and/or trades are not sourced from all markets....Key Turning Points.52-Week High51.49Last Price26.61Fibonacci 38.2%25.6052-Week Low9.602 more rows
What is STPK new ticker symbol?
(“Stem” or the “Company”). The ticker symbols for the common stock and warrants of Stem will change from “STPK” and “STPK.WS” to “STEM” and “STEM.WS” and will begin trading as such on the New York Stock Exchange on April 29, 2021.
What is IPOE stock?
Social Capital Hedosophia Holdings Corp. V (“SCH” or the “Company”) (NYSE: IPOE), a publicly traded special purpose acquisition company, recommends its shareholders vote in favor of the Company's... IPOE : 20.15 (+1.82%) Social Finance Technologies to Trade on Nasdaq as “SOFI” Business Wire - Tue May 18, 2021.
Who did STPK merge with?
Star Peak Energy Transition Corp (NYSE:STPK) is a SPAC (special purpose acquisition company) that will merge with battery-storage management company Stem, Inc. Once that happens, and the symbol changes to STEM, expect to see STPK stock (which will become STEM stock) move up at least 46% from here.
What does Star Peak Energy do?
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Is stem a SPAC?
The most non-traditional thing you can say about Stem and Eos is that they came to the public via a SPAC rather than an IPO.
Is IPOE a buy?
IPOE Stock Is an Even Better Buy Now That It's on Sale | InvestorPlace. Louis Navellier is rating this stock an “A” – Get In Now! On May 24, the man who found “the stock of the century” will reveal one of his top stocks for 2022 – for FREE – in a special presentation.
Can IPOE convert to SOFI?
$IPOE shareholders have voted to approve the SoFi merger, and therefore $SOFI has begun trading on June 1st, 2021. Current holders of $IPOE will see their shares automatically converted to $SOFI. The conversion ratio is 1:1, which means that 1 share of $SOFI will be received for each share of $IPOE.
How much is IPOE worth?
Social Capital Hedosophia Holdings Corp. V has a market capitalization of $709.41 million.
Who are Star Peak Energy Transition's key executives?
Star Peak Energy Transition's management team includes the following people: Mr. Eric J. Scheyer , CEO & Director (Age 56) Mr. Michael D. Wilds...
Who are some of Star Peak Energy Transition's key competitors?
Some companies that are related to Star Peak Energy Transition include Ribbit LEAP (LEAP) , Jaguar Global Growth Co. I (JGGC) , Crypto 1 Acquisi...
What is Star Peak Energy Transition's stock symbol?
Star Peak Energy Transition trades on the NASDAQ under the ticker symbol "STPK."
How much money does Star Peak Energy Transition make?
Star Peak Energy Transition has a market capitalization of $0.00.
What is Star Peak Energy Transition's official website?
The official website for Star Peak Energy Transition is stpk.starpeakcorp.com .
How can I contact Star Peak Energy Transition?
The company can be reached via phone at 847 905 4500 .
Is Star Peak Energy on fire?
Shares of shell company Star Peak Energy (NYSE: STPK) have been on fire since the start of the year, growing over 127%. STPK stock has been climbing since December, after unveiling its plans to merge with battery technology specialist STEM.
Is Star Peak Energy a pure play company?
Star Peak Energy has lofty ambitions and ones that could propel it to its industry’s ex alted position. Becoming the first smart energy storage pure-play company will provide it assess to a colossal addressable market and the first-movers advantage in its sector.
What is STPK SPAC?
The Star Peak Energy Transition (STPK) SPAC is planning to merge with energy storage specialist Stem in a deal valued at $1.35 billion. STPK stock has dropped 55 percent from the peak it hit in Feb. 2021. Will STPK SPAC stock recover before the merger date, and should you buy it now?
Is STPK stock a good buy?
STPK stock looks like a good buy now. At almost 55 percent below its peak, the stock offers investors exposure to Stem at a bargain. Furthermore, the risk of near-term stock dilution looks low because Stem is going public with significant liquidity.
