Vroom Inc (VRM)
$44.94 4.32 (8.77%)
17:59 EDT VRM Stock Quote Delayed 30 Minutes
Previous Close $49.26
Market Cap -
PE Ratio -
Volume (Avg. Vol.) 1.56M
Day's Range 44.71 - 52.00
52-Week Range 38.46 - 60.91
Dividend & Yield N/A (N/A)
VRM Stock Predictions, Articles, and Vroom Inc News
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One month after the company went public, Vroom stock is showing signs that a weaker economy may crimp demand for used cars digital or not.
Vroom stock shot up fast after its IPO, and the company has more room to run as online used car sales continue to increase.
While Vroom stock has catapulted since its IPO, there's still room for growth because of the big backers supporting the cause.
VRM stock may have underlying profitability yet, but shares sport plenty of features in a coronavirus-driven environment that are well-equipped for a breakout in the coming weeks.
By Joel Baglole
Vroom stock had a great IPO boost despite the Covid-19 pandemic, but its fundamentals and long-term prospects remain a question mark.
Given the positive IPO market, perhaps it was no surprise that Vroom stock catapulted upward. Now, the real challenges lie ahead.
It's IPO madness out there in the markets and Vroom stock is the latest debutante at the ball. But is it a buy now?
From Seeking Alpha
BHP says its Escondida copper mine in Chile has offered some workers the option for early retirement because of the coronavirus pandemic, but the company's union rips the plan as a scheme to get rid of old and sick workers.The union says it will closely monitor the plans to ensure they are not used as a pretext to eliminate any of the 2,372 unionized workers at the mine during the pandemic.The dispute comes as the COVID-19 outbreak has exploded across much of Chile, which has recorded more than 300K cases and more than 6,500 deaths.Copper prices have been strong as virus cases climb, as the risk of Chilean supply disruptions makes a 2020 copper deficit a possibility.
From Seeking Alpha
Rio Tinto (RIO +2.1%) and Fortescue Metals (OTCQX:FSUMF) are upgraded to Sector Perform from Underperform at RBC Capital, as "higher Chinese demand has placed iron ore into a more balanced market than our previously too conservative forecasts suggested."“We continue to take a cautious view of the longer-term outlook for iron ore, but for now we expect RIO shares to show resilience," RBC analysts including Tyler Broda write.But yesterday, Goldman Sachs downgraded Rio to Neutral from Buy and said to preferred BHP (BHP +1.7%) over Rio on relative valuation, the commodity mix and BHP's more attractive margins.RIO's average Wall Street analyst rating, Seeking Alpha Authors' Rating and Quant Rating are all Bullish or Very Bullish.