Goldman’s Uber Stake Purge Leaves Late Retail Investors on Bumpy Road

Goldman sold its entire stake in Uber Technologies late last year. The sale netted the investment bank a massive return, despite the stocks poor performance. The IPO system favors Wall Street insiders while leaving retail investors holding the bag. One of the most anticipated IPOs of 2019, Uber Technologies Inc. (NYSE: UBER) turned out to …

Where Peloton (PTON) Ranks Among the Stock Market’s 2019 IPO Disasters

IPO stock prices for Peloton Interactive are looking as stationary as its high tech stationary bicycles. The New York City-based luxury exercise company’s stock slid 6.9% from its IPO price right out the gate. Trading on the Nasdaq under the stock ticker (PTON), Peloton opened Thursday at $27 per share, down from $29 Wednesday evening. …

Beyond Meat’s Stock Will Kill Your Portfolio

By CCN: In yet another example of the ongoing irrational exuberance in the stock market, Beyond Meat soared 15% in after-hours trading to $115 after its first post-IPO earnings report. Or rather, its first post-IPO loss report. Once again, the stock market insists on valuing money-losing businesses in the billions of dollars. Beyond Meat Stock Price …