Baffert The Center Of Two More Civil Suits In Federal Court In Medina Spirit Case - Horse Racing News
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Opinion | As Vaccines Abound, So Do the Questions
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What happened
Shares of
Nikola (NASDAQ:NKLA) dipped 23.3% in March, according to data from S&P Global Market Intelligence. The electric vehicle (EV) stock slumped amid mixed coverage from analysts and sell-offs for the broader EV space.
Many growth-dependent technology companies suffered steep valuation pullbacks last month, and Nikola s sell-off pushed its stock into negative territory on the year. Its share price may also have been negatively impacted by the company announcing that it had filed for a $100 million new stock offering on March 15.
Nikola s Tre semi-truck. Image source: Nikola.
So what
J.P. Morgan analyst Paul Coster published a note on Nikola stock on March 5, downgrading the firm s rating on the stock from overweight to neutral, and lowering his one-year price target on the stock from $33 per share to $30 per share. However, other analysts were more bullish on the stock last month.
Boston Private Loses Two Advisors to Lido Jeffrey Kaufman and John Tassone leave two months after SVB Financial agreed to buy Boston Private for $900 million.
Lido Advisors, the Los Angeles-based registered investment advisory firm, continues its strategy of recruiting advisors away from private banks catering to high-net-worth clients.
Two advisors from Boston Private Wealth, a trust bank and wealth management firm, announced today they will join Lido s Boca Raton, Fla. office.
At Boston Wealth, advisors Jeffrey Kaufman and John Tassone, and planning specialist Dominik Elmasian, served high-net-worth clients including business owners and corporate executives, as well as endowments and foundations.