What are the best technology stocks?
Jan 06, 2022 · So why are tech stocks down if they are more important than ever? For one, the Fed introduced a low-interest environment to stimulate economic growth. As a result, shares of tech companies ballooned as future earnings potential skyrocketing. Consequently, the economy is getting overheated, with inflation hitting a 39-year high in December.
Why are tech stocks falling?
Apr 06, 2022 · And as most investors know, rising interest rates are generally bad news for tech stocks. That’s because growth companies with higher-than-average top-line growth rates tend to have future earnings...
Why is the NASDAQ still falling on Monday?
2 days ago · Why Are Tech Stocks Sinking Today? Of course, the macro story with this market is hard to ignore right now. This week’s rather impressive inflation numbers have …
Why are tech stocks lower?
Apr 08, 2022 · Currently, RXT stock is down more than 11% on a rather mixed day in financial markets. Source: Shutterstock Most tech-related stocks are under pressure today, as investors continue to digest...
What is happening with TRCH stock?
And as a result, TRCH stock was replaced by MMAT stock. It's a huge change that goes deeper than stock tickers. Whereas Torchlight Energy Resources was an oil and gas exploration company operating out of Texas, Meta Materials develops functional materials and nanocomposites.Jul 26, 2021
Should I hold TRCH stock?
At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Zero in score indicates that our system is expecting high volatility and risk for the following trading day.Mar 15, 2022
Who is TRCH merging with?
Meta Materials Inc.(NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT)Jul 21, 2021
What happened with torchlight energy?
Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ:MMAT) stock. The news of a dividend payment, a reverse stock split of TRCH stock, and the business combination were enough to spike interest throughout June.Jul 14, 2021
Why did TRCH stock go up?
TRCH stock soared yesterday after users of the Reddit group r/TRCH announced in the early hours Monday that shareholders should "Torch the short" to get shares to 20 on Monday and 100 by Tuesday. The stock was also getting mentions in comments in the popular r/WallStreetBets Reddit group.Jun 22, 2021
What is the torchlight dividend?
(NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock.Jun 25, 2021
Will TRCH become meta?
Torchlight Energy (NASDAQ:TRCH) -5% post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28. On that date, the company will become Meta Materials and begin trading on Nasdaq with the MMAT ticker.Jun 25, 2021
Is TRCH a meme stock?
(NASDAQ:TRCH) is a “meme stock” that is better because it has raised money.Jun 23, 2021
Is MMATF merging?
Metamaterial (OTCPK:MMATF) is merging with Torchlight Energy Resources (TRCH). The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm, which is a clean energy business, while Torchlight (a subscale oil and gas company) gets paid for their shell.Mar 21, 2021
When did TRCH stock split?
Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. The reverse split became effective after market close on June 25.Jun 28, 2021
What are good tech stocks?
Best Value Tech StocksMandiant Inc. (MNDT)22.305.2Hewlett Packard Enterprise Co. (HPE)17.0522.2HP Inc. (HPQ)37.5439.5Dell Technologies Inc. (DELL)52.3240.02 more rows
What is Torchlight Energy worth?
$0.78 BillionAs of April 2022 Torchlight Energy Resources has a market cap of $0.78 Billion. This makes Torchlight Energy Resources the world's 4550th most valuable company by market cap according to our data.