[ad_1]
It's Friday-yay!
And there is only one day left before the Berkshire Hathaway Annual Meeting (BRK.A – Get Report) (BRK.B – Get Report).
Jim Cramer's attack at Tesla (TSLA – Get Report), the acquisition of more Amazon by Berkshire Hathaway (AMZN – Get Report) and Beyond Meat (BYND).
Berkshire Hathaway buys more Amazon shares
Warren Buffett's Berkshire Hathaway bought shares from Amazon.com.
Buffett told CNBC that he had not made his decision, but that "one of the types at the office who manage money" bought shares from the giant retailer and supplier online services.
The comments underscored Todd Combs or Ted Weschler, who manage each of the portfolios for Berkshire Hathaway, CNBC reported.
Berkshire is expected to release its first quarter results on Saturday. The company will file its quarterly update on the details of its end-of-month portfolio with the Securities and Exchange Commission.
Berkshire Hathaway is the title of the day of the real money. Head to real money for full coverage throughout the day.
Tesla raises more capital
Tesla (TSLA – Get Report) plans to sell 3.1 million shares and Elon Musk plans to buy more than 102,000 shares for about $ 25 million.
Jim Cramer analyzes what the capital increase means to investors.
Beyond the hot meat IPO
Beyond Meat (BYND) debuted Thursday at $ 46, 84% more than its initial bid price.
The price of Beyond Meat's initial public offering was $ 25 per share, which was the high end of the range expected between $ 23 and $ 25, valuing the company at just under $ 1.5. billion dollars. At its opening price of 46 USD, the company's market capitalization stood at around 2.8 billion USD.
The company sold 9,625 million shares under this offering, raising more than $ 240 million. The company originally planned to sell 8.75 million shares at $ 19 to $ 21 per share.
Beyond Meat filed its initial prospectus for IPO with the Securities and Exchange Commission at the end of March. The company's products, including burger patties, sausages and chicken strips, are also available in retail stores such as Whole Foods (WFM).
Related. Jim Cramer: Do not try to predict the cycle, rather play the "players"
Related. Stock of Amazon as Berkshire Hathaway of Warren Buffett buys
[ad_2]
Source link