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☆ It’s easier than you might think for teens to buy restricted e-cigarette devices online
▼ + stars: | 2024-11-11 | by ( Sam Tupper | ) edition.cnn.com time to read: +4 min

CNN —Although sales of tobacco products have been restricted in hundreds of municipalities across the US, a new study is highlighting some loopholes that allow children to bypass online regulations to buy e-cigarettes. Though the sales of flavored tobacco products have been restricted in eight states and in nearly 400 cities or counties, these regulations don’t completely cover e-commerce or online shopping. “People will not tell the truth when they enter their age, and it’s remarkably easy for kids to get tobacco products mailed to them. More than 1 in 4 underage people report using e-cigarettes daily, and most youth who use e-cigarettes favor flavored products. “Prohibiting tobacco sales completely, or states putting some more restrictions on how the products are delivered to people, can help make e-cigarettes harder to purchase,” he said.

Persons: ”, Thomas Carr, Carr, Dr, Sanjay Gupta, ” Carr Organizations: CNN, Tobacco Survey, Children, United States Postal Service, JAMA, USPS, American Lung Association, ” Tobacco, Food and Drug Administration, Tobacco Control, CNN Health, American Academy of Pediatrics, FDA

☆ Sugar in the first 1,000 days after conception linked to health issues later in life, study says
▼ + stars: | 2024-11-04 | by ( Sam Tupper | ) edition.cnn.com time to read: +5 min

The researchers found that reducing sugar consumption in this window decreased the type 2 diabetes risk by about 35% and the risk of high blood pressure by roughly 20%. The research team looked at data from before and after the end of the United Kingdom’s World War II-era sugar rationing in September 1953. When the rationing of sugar and sweets ended in September 1953, the average adult’s daily sugar consumption in the UK nearly doubled almost immediately, from about 40 grams to 80 grams. Corkins says one way for parents to reduce sugar consumption in young children is to change their own habits. The key is practicing moderation when consuming sugary foods.

Persons: ”, Tadeja Gracner, Mark Corkins, ” Corkins, “ We’re, Gracner, ” Gracner, Dr, Sanjay Gupta, Corkins, “ Organizations: CNN, Science, United, Center for Economics, Social Research, University of Southern, University of Tennessee Health Science Center, US Centers for Disease Control, CNN Health Locations: University of Southern California

☆ New cervical cancer treatment cuts risk of death from disease, according to trial results
▼ + stars: | 2024-10-16 | by ( Sam Tupper | ) edition.cnn.com time to read: +5 min

All had locally advanced cervical cancer, although none had tumors that had spread to other organs. This discovery led to the development of an HPV vaccine that can help prevent cervical cancer in women. Brawley stressed the importance of routine cervical screening as advanced-stage cervical cancer rises among White and Black women in the US. According to the US Centers for Disease Control and Prevention, cervical cancer screenings typically test for signs of HPV that can cause cell changes on the cervix. “Of the 4,400 deaths from cervical cancer, none of them get screened every year.”Chemotherapy to treat cervical cancer can come with unpleasant side effects like nausea, vomiting and hair loss, Brawley noted.

Persons: ” Dr, Mary McCormack, “, ”, Otis Brawley, Harald zur Hausen, Brawley, White, Dr, Sanjay Gupta, It’s, ” Brawley, “ We’re Organizations: CNN, Mary McCormack of University College Hospital, Cancer Research, Johns Hopkins University, American Cancer Society, US Centers for Disease Control, CNN Health, US Food and Drug Administration Locations: Brazil, India, Italy, Mexico, United States

☆ These are the most important stocks in the U.S., according to Bank of America
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

There are several key stocks in the U.S. investors need to be mindful of when navigating the current market environment, according to Bank of America. To capture the momentum from this rally, Bank of America screened for the most important stocks in each region of the world — including the U.S. — that have the potential to have the largest impact on portfolio performance, positive or negative. Bank of America found these stocks to be among the most important in the U.S.: Chipmaker Nvidia and oil and gas giant Exxon Mobil ranked fairly high on the firm's steady compounders list within the screen. Meta's shares are up nearly 64% year to date. Other stocks considered the most important names in the U.S. include rideshare company Uber and pharma name Eli Lilly .

Persons: Nigel Tupper, Vivek Arya's, Metaverse, Justin Post, Eli Lilly Organizations: Bank of America, Investment, U.S, Nvidia, Exxon Mobil, Exxon, Meta, Bank of America's, Uber Locations: U.S, Lebanon, Thursday's

Gail Collins: Bret, much serious stuff to talk about today, but I want to get my canine issues out of the way first. Kristi Noem of South Dakota is publishing a new memoir she presumably hoped would help her chances of being named as Donald Trump’s running mate. Gail: In it she brags about having killed her dog, Cricket, for a string of bad behavior. Bret: In the same memoir, Noem claims to have met Kim Jong-un, the North Korean dictator, which never happened. Maybe she was confusing him with the governor of North Dakota, Doug Burgum?

Persons: Gail Collins, Bret, Kristi Noem, Donald Trump’s, Bret Stephens, Trump, Seth Tupper, Gail, Noem, Kim Jong, Doug Burgum Organizations: Gov, Cricket, South Dakota Searchlight, North, Republican Locations: South Dakota, North Korean, North Dakota

A Salesforce sign is seen during the company's annual Dreamforce event, in San Francisco, California November 18, 2013. REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Nov 30 (Reuters) - Salesforce Inc's (CRM.N) stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. Reuters GraphicsMultiple analysts, including from Morgan Stanley, Evercore, Wells Fargo, and Deutsche Bank, raised their price target for Salesforce's shares following the results. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Galbraith, Morgan Stanley, Brad Sills, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Reuters Graphics, Deutsche Bank, Global Research, Thomson Locations: San Francisco , California, U.S, Evercore, Wells Fargo, Salesforce, New York

NEW YORK, Nov 29 (Reuters) - Shares of German sandal maker Birkenstock (BIRK.N) extended their gains on Wednesday, hitting the initial public offering price for the first time, following a buoyant holiday shopping season. The company's shares opened at $41 on Oct. 11 and have traded below the IPO price of $46 and dropped to as low as $35.83 just days after listing. The median price target of the 17 analysts covering Birkenstock is $47.21 and the current recommendation is "buy", according to LSEG data. Birkenstock is heavily shorted, with 5.71 million shares worth roughly $259 million having short interest, according to data and analytics firm Ortex. About 32.3 million shares were sold on the IPO.

Persons: Bernard Arnault, Louis Vuitton Moet Hennessy, Chibuike Oguh, Medha Singh, Lance Tupper, Lisa Shumaker Organizations: Birkenstock, Arm Holdings, U.S, Thomson Locations: Birkenstock, French, New York, Bengaluru

An electric vehicle charge station by ChargePoint, Inc. is seen in Manhattan, New York, U.S., December 8, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - ChargePoint Holdings' (CHPT.N) stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue forecast and replaced key executives. California-based ChargePoint also announced that longtime Chief Executive Pasquale Romano will be replaced by Rick Wilmer, its chief operating officer, effective immediately. The shares of other major EV charging network providers besides ChargePoint were also trading lower. But they downgraded the company to "perform" from "outperform" citing the executive departures, choppy demand, and "potential for further organizational changes."

Persons: Andrew Kelly, ChargePoint, Pasquale Romano, Rick Wilmer, Rex Jackson, Mansi Khetani, Cowen, Oppenheimer, Needham, ChargePoint F3Q, Bill Peterson, bode, Colin Rusch, Chibuike Oguh, Lance Tupper, David Evans Organizations: ChargePoint, REUTERS, ChargePoint Holdings, Reuters Graphics, JPMorgan, EV, EVgo, Thomson Locations: Manhattan , New York, U.S, North America, Europe, California, New York

There's music to enjoy too, with Hannah Waddingham leading an Apple TV+ special and the annual Tabernacle Choir concert airing on PBS. Here's where — and when, in Eastern Standard Time — to watch this year's holiday TV bonanza. Hatcher offers a second holiday movie helping this season with a rekindling romance rom-com. The quintet portray former soap opera co-stars who come together for a live holiday special and play matchmakers with their producer and director. HOLIDAY TUNES“Ted Lasso” star Hannah Waddingham taps into her musical theater background by hosting her own Christmas special for Apple TV+ called “ Hannah Waddingham: Home for Christmas."

Persons: Charlie Brown, ”, Melissa McCarthy's, Hannah Waddingham, Lori Loughlin, Teri Hatcher, Lacey Chabert, Denise Richards, Hatcher, Kate Hudson's “, Loughlin, James Tupper, Paul Hollywood, Prue Leith, “, Joel McHale, Phoebe Robinson, Heather McMahan, Chris “ Ludacris ” Bridges, Eddie, Teyonah Parris, Nick, Lil Rel Howery, Santa Claus, Varun Saranga, Jean, Luc Bilodeau, Devyn Nekoda, Nadine Bhabha, Sarah Levy, Leighton Meester, Robbie Amell, “ EXmas, Graham, Ali, Scott Wolf, Jenn Lilley, Matthew Morrison, William DeVry, Chabert, Holly, Kristoffer Polaha, Bethany Joy Lenz, Loni Anderson, Morgan Fairchild, Linda Gray, Donna Mills, Nicollette Sheridan, Jonathan Bennett, Cherry, Vincent Rodriguez III, Erin Cahill, John Brotherton, James Denton, Catherine Bell, Tia Mowry, Kringle, Buddy Valastro, Melissa McCarthy, Paapa, Candace Cameron Bure’s, Natasha Bure, Natasha, Cheryl Ladd, Wolf, Andy Rooney, he’s, Rudolph, Red, “ Frosty, Frosty, Nick Jr, “ Bossy, Vic Michaelis, Bryan Greenberg, Ted Lasso ”, Broadway’s Lea Salonga, Sir David Suchet, Fox’s, Singer ”, ” alums, Nick Cannon, Jenny McCarthy, Wahlberg, Ken Jeong, Robin Thicke, Nicole Scherzinger Organizations: Disney, Apple, Tabernacle Choir, Hulu, Amazon, “ Party, Hallmark, Hallmark Channel, Biltmore Estate, “ Ladies, Lifetime, Netflix, TBS, TNT, CBS, Paddington, London Coliseum, Tabernacle, PBS Locations: Peacock, Milwaukee, Santa, “, North Carolina, New York, Santa Claus

NEW YORK, Nov 14 (Reuters) - Shares of Fisker Inc (FSR.N) fell by more than 24% to an all-time low on Tuesday after the electric-vehicle startup slashed its production targets as it struggles to ramp up deliveries. Multiple Wall Street analysts, including from Barclays, Evercore and Cowen, slashed their price target on Fisker's shares after its revised production forecast. The median price target of the 14 analysts covering the stock is $6.50, down from $8 a month ago, and their current recommendation is "hold", according to LSEG data. Unlike other EV makers, Fisker has outsourced its vehicle production to Canadian auto part supplier Magna International (MG.TO). Nelson reiterated his "strong sell" rating and halved his 12-month price target from $2 to $1.

Persons: Fisker's, Cowen, Fisker, John Finnucan, Ihor, Garrett Nelson, Nelson, Chibuike Oguh, Akash Sriram, Lance Tupper, Susan Fenton Organizations: Fisker Inc, Street, Barclays, Evercore, Magna International, S3 Partners, Thomson Locations: Fisker, New York, Bengaluru

Spirit plans to raise $200 million via the sale of Class A common stock as well as issue $200 million in convertible debt set to mature in 2028, the company said after the closing bell on Tuesday. Its shares fell to as low as $20.98 on Wednesday following the news and are now down more than 25% year-to-date. Spirit is a major supplier of large aircraft parts such as wings and fuselages for manufacturers including Boeing (BA.N) and Airbus (AIR.PA). Last week, Spirit projected higher-than-expected cash burn for 2023, forcing it to slash anticipated deliveries of 737 fuselages. Free cash burn will be between $275 million and $325 million for 2023, up from a previous range of between $200 million to $250 million.

Persons: Benoit Tessier, Spirit, Patrick Shanahan, Tom Gentile, Shanahan, Chibuike Oguh, Lance Tupper, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Thomson Locations: Le Bourget, Paris, France, U.S, New York

The verdict by a federal jury in Kansas City, Missouri, could upend decades-old practices that have allowed real estate agents to boost commissions as home prices and mortgage rates rise, hurting consumers by making housing transactions more expensive. Plaintiffs in the class action included sellers of more than 260,000 homes in Missouri, Kansas and Illinois between 2015 and 2022, who objected to the commissions they were obligated to pay buyers' brokers. The verdict followed a two-week trial, and the damages award can be tripled under U.S. antitrust law to more than $5.3 billion. Shares of real estate brokerages not involved in the verdict closed lower. Re/Max fell 4.4% and Anywhere fell 2.7%, while online brokers Zillow Group (ZG.O) and Redfin (RDFN.O) declined 6.9% and 5.7%, respectively.

Persons: Larry Downing, Warren Buffett's Berkshire Hathaway, Michael Ketchmark, realty Keller Williams, Mantill Williams, HomeServices, Keller Williams, Darryl Frost, Frost, Sellers, Corcoran, Max, brokerages, Mike Scarcella, Jonathan Stempel, Lance Tupper, David Bario, Chizu Nomiyama, Jonathan Oatis, David Gregorio Our Organizations: National Association of Realtors, REUTERS, realty, NAR, Coldwell Banker, Zillow, U.S . Department of Justice, Thomson Locations: Fairfax, Virginia, U.S, Warren, Kansas City , Missouri, Missouri , Kansas, Illinois, Berkshire, America, Washington, Maryland, New York

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia's stock fell to as low as $392.30, down 4.7%, to the lowest level since mid-June. "The stock is getting oversold," said Tom Plumb, chief executive and lead portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Previously, Nvidia has said this is not going to have a short-term impact but it's more in the long term. "These new export controls will not have a meaningful impact in the near term," the Nvidia spokesperson said in a statement.

Persons: Tom Plumb, Plumb, Biden, Thomas Hayes, Chibuike Oguh, Stephen Nellis, Amruta, Lance Tupper, Jonathan Oatis Organizations: NVIDIA, Handout, REUTERS, Nvidia Corp, Nvidia, Alibaba, HK, Baidu, U.S . Commerce Department, Wall, Nasdaq, Plumb Funds, Beijing, Great, Thomson Locations: Santa Clara , California, China, U.S, Iran, Russia, New York, San Francisco, Bengaluru

The logo for Lululemon Athletica is seen at a store in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Oct 16 (Reuters) - Lululemon Athletica's (LULU.O) stock jumped by more than 10% to an almost two-year high on Monday buoyed by the addition of the Canadian sportswear maker into the Wall Street benchmark S&P 500 index. Inclusion of a company into the S&P 500 usually causes demand for its shares to jump as mutual fund managers and other institutional investors tracking the index begin adding the stock to their portfolios. The stock is now up nearly 30% year-to-date, giving the company a market capitalization of more than $52 billion. In September, Lululemon agreed to a deal with Peloton Interactive (PTON.O) to become the primary athletic-apparel maker for the U.S. fitness bike manufacturer.

Persons: Andrew Kelly, Dow Jones, Lululemon, Chibuike Oguh, Lance Tupper, Sharon Singleton Organizations: REUTERS, Activision Blizzard, Microsoft, Interactive, Lululemon, Thomson Locations: Manhattan , New York, U.S, New York

☆ Birkenstock's stock loses footing in second day on Wall Street
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville/ File Photo Acquire Licensing RightsOct 12 (Reuters) - Shares of Birkenstock (BIRK.N) dropped 6% on Thursday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street debut. In its first session on Wall Street on Wednesday, Birkenstock tumbled over 12% from the $46 price set in its initial public offer, raising $1.48 billion. Last trading at about $37.79 on Thursday, the stock has now dropped 18% from its IPO price. The second-day drop in Birkenstock shares was deeper than a broad Wall Street sell-off, with the S&P 500 (.SOX) last down about 1%. Arm on Thursday slumped 5.2% to $51.70, just above its $51 IPO price on Sept. 13, while Instacart was down 1.7% at $24.52, well below its $30 IPO price on Sept. 18.

Persons: Toby Melville, Birkenstock, Instacart, Bernard Arnault, Louis Vuitton Moet Hennessy, Javier Gonzalez Lastra, Noel Randewich, Lance Tupper, Jonathan Oatis Organizations: REUTERS, SOX, Arm Holdings, Thomson Locations: London, Britain, U.S, French, Tema

It is the second time in less than a year that Rivian is issuing such a green bond, which raises capital from investors seeking to back climate-focused projects. The company had issued a $1.3 billion convertible green bond in March to support the launch of its smaller R2 vehicle family. The company beat estimates in the third quarter by producing 16,304 vehicles and delivering 15,564 vehicles to customers. As of Sept. 30, Rivian had about $9.1 billion in cash on its balance sheet, down from $10.2 billion in June. The current median price target for the 24 analysts covering Rivian's shares is $30, with a "buy" recommendation, LSEG data showed.

Persons: Rivian, Elliot Johnson, it's, Johnson, Robert Scaringe, Garrett Nelson, Nelson, Chibuike Oguh, Abhirup Roy, Lance Tupper, Alexandra Hudson, Diane Craft, David Gregorio Our Organizations: Rivian Automotive Inc, Reuters, Evolve, Tesla Inc, EV, Thomson Locations: Irvine , California, Georgia, Atlanta, New York, San Francisco

Kellogg's cold cereal products are pictured in a market after Kellogg Company announced it would split. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - Shares of Kellanova (K.N) fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Company (KLG.N). Under the separation agreement, Kellanova shareholders received one share of WK Kellogg common stock for every four shares of Kellanova stock held as of September 21, a statement said. Kellanova shares fell to as low as $51.83, down 7.2%, after opening at $55.70, while WK Kellogg Company dropped by more than 11% and was last at $13.79. Kellanova will retain its place on the benchmark S&P 500 (.SPX) index, while WK Kellogg shares will join the S&P SmallCap 600 index (.SPCY) on Tuesday, before market open.

Persons: Mike Segar, WK Kellogg, Kellanova, Michael Ashley Schulman, Rice, Piper Sandler, Research's Arun Sundaram, Chibuike Oguh, Lance Tupper, Christina Fincher Organizations: Kellogg Company, REUTERS, WK Kellogg Company, WK Kellogg, New York Stock Exchange, Running, Capital Advisors, MorningStar, Jefferies, Thomson Locations: New York, U.S, Kellanova, California, American, Bengaluru

☆ As shutdown looms, companies should go public 'before Friday'-US SEC chief
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. Gensler said the agency would lose more than 90% of its workforce to unpaid furloughs, leaving a "skeletal" staff to perform essential functions. "If a company were deciding to go public or raise offerings, they'd want to go effective before Friday if they're ready to," Gensler said. Gensler also acknowledged that should a major disruption occur on Wall Street, "senior leadership would be there but again we'd be down to a skeletal staff." Major Wall Street indices were down markedly shortly toward 1700 GMT, adding to recent days' losses driven by investor concerns about the path of interest rates, with a possible shutdown also weighing on trading.

Persons: Andrew Kelly, Gary Gensler, Gensler, we'd, Joe Biden, Douglas Gillison, Lance Tupper, Lewis Krauskopf, Paul Simao, David Holmes, Alistair Bell Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Birkenstock, Wednesday, Washington, Democratic, SEC, Republican, Clarios, Thomson Locations: Washington ,, Washington, New York

In volatile trading, the U.S.-listed shares of several cannabis firms rose immediately after the Senate vote. Investors expected it to exit the banking committee. An earlier version of the bill, the SAFE Banking Act, had failed to secure a Senate vote despite being passed seven times by the U.S House of Representatives. As a result, legal cannabis companies are denied access to financial services. To get it through the Senate banking committee is a major achievement," Boris Jordan, billionaire founder of Curaleaf Holdings, said in an interview.

Persons: Chris Wattie, Jesse Redmond, Redmond, We've, it's, Boris Jordan, Jordan, Chibuike Oguh, Suzanne McGee, Michelle Price, Lance Tupper, Bill Berkrot Organizations: Canopy Growth Corporation, REUTERS, U.S, U.S . Senate, Aurora, Cronos, SNDL Inc, Curaleaf Holdings, Tilray, Cannabis ETF, Cannabis, Tower Research, Investors, SAFE, Thomson Locations: Smiths Falls , Ontario, Canada, U.S, New York, Bengaluru

NEW YORK, Sept 26 (Reuters) - Shares of electric-vehicle startup Fisker Inc (FSR.N) rose by more than 20% on Tuesday after the company reaffirmed its plan to increase deliveries of its flagship Ocean sports utility vehicle, and a bullish Wall Street analyst report. The EV maker said it had built 5,000 Ocean SUVs and expects to ramp up deliveries to 300 units per day later this year, reiterating a plan announced earlier this month by Chief Executive Henrik Fisker. Fisker's shares rose as high as $6.47, and were on course for their biggest daily percentage gain since April. "The automotive industry is undergoing a once-in-a-century revolution with technology advancement on electrification, autonomy, and digitization," the analysts said. Unlike other EV makers, Fisker has outsourced its vehicle production to Canadian auto part supplier Magna International (MG.TO).

Persons: Henrik Fisker, John Babcock, Fisker, Chibuike Oguh, Lance Tupper, Deepa Babington 私たち Organizations: Ocean, Bank of America, Magna International Locations: California, U.S, Europe, New York

☆ Real estate stocks extend losses as rates soar
▼ + stars: | 2023-09-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

The S&P 500 real estate index (.SPLRCR) lost 0.7% on Friday after falling 3.5% on Thursday, which was its biggest daily decline since March when the banking sector was in crisis. This provided tempting returns for fixed-income assets, making the relatively high dividend payouts of Real Estate Investment Trusts (REITs) a little less tempting. While the Fed decided not to hike interest rates after its meeting on Wednesday, it indicated that rates could stay at elevated levels for longer than investors had expected. On Friday the biggest real estate loser was American Tower (AMT.N), which finished down 1.8% while the biggest gainer was Extra Space Storage (EXR.N), up 1.2%. Alexandria Real Estate Equities (ARE.N) fell 1.6% on Friday, after losing 8% on Thursday and hitting its lowest level since 2016.

Persons: Carlo Allegri, REITs, Jack Ablin, Gina Szymanksi, It's, Szymanksi, Sinéad Carew, Lance Tupper, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, Real, Investment, Fed, Cresset, REITs, AEW Capital Management, Alexandria Real, Thomson Locations: New York, U.S, Alexandria

☆ Arm and Instacart add to losses after lukewarm analyst reports
▼ + stars: | 2023-09-22 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Arm surged on its first day on Wall Street and has fallen every day since then. That followed a Bernstein "underperform" rating with a $46 price target earlier this week, and a "hold" assigned to Arm by Needham and Company on Sept. 16. Neutral and negative stock ratings are much less common on Wall Street than "buy" recommendations or other positive ratings. Still, the marketing automation firm's stock remains above the $30 IPO price. The declines in Arm, Instacart and Klaviyo on Friday were in contrast to a 0.3% gain in the Nasdaq (.IXIC).

Persons: Dado Ruvic, Jake Fuller, Instacart, Bernstein, Klaviyo, Noel Randewich, Lance Tupper, Kirsten Donovan Organizations: REUTERS, Arm Holdings, Uber Technologies, Susquehanna, Needham, Company, Nasdaq, Thomson Locations: Klaviyo

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 21 (Reuters) - Arm Holdings' stock on Thursday dipped for the first time below its initial public offering price, while short sellers appeared to be betting against the chip designer just a week after its Wall Street debut. Shares of Klaviyo (KVYO.N) which debuted on Wall Street on Wednesday, finished up 2.9% at $33.72 versus the marketing automation firm's $30 IPO price. Suggesting short sellers are betting against Arm, about 14 million of its shares were on loan, equivalent to 8% of the stock's free float, data and analytics company Ortex said. Short sellers borrow stocks to short them, and the relationship between shares on loan and shorted is normally close, according to Ortex. Arm shares appear highly shorted compared to other recent IPOs.

Persons: Dado Ruvic, Ortex, Peter Hillerberg, Noel Randewich, Lewis Krauskopf, Lance Tupper, Richard Chang Organizations: REUTERS, Arm Holdings, Nasdaq, Federal, U.S, Thomson

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer's stellar market debut last week, with short seller interest picking up. That was up from 5.12 million shares on loan, or 2.7% of the stock's free float, on Tuesday. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, Ortex said. Arm and Instacart were "pumped up to do the IPO," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. Arm also has a limited number of publicly traded shares, with SoftBank (9984.T) holding a roughly 90% stake.

Persons: Dado Ruvic, Ortex, Peter Tuz, Caroline Valetkevitch, Lewis Krauskopf, Saqib Iqbal Ahmed, Lance Tupper, Richard Chang Organizations: REUTERS, Arm Holdings, Chase Investment, People, Thomson Locations: Charlottesville , Virginia

With retail investors holding individual stocks for less than a year on average, recent history suggests they could lose money, a Reuters analysis shows. Even institutional investors invited to buy into those 10 IPOs before trading would be down an average of 18%. "For almost all retail investors, buying and holding a low-cost index fund is the best strategy." Arm's debut and an upcoming listing from grocery delivery service Instacart are expected to rejuvenate a lackluster IPO market which has slowed over the past two years due to volatility and economic uncertainty. Instacart will be offering some retail investors a chance to buy into its IPO via underwriter fintech company SoFi, its prospectus said.

Persons: Dado Ruvic, Japan's SoftBank Group's, Jay Ritter, Marco Iachini, it's, Ritter, Lance Tupper, Anirban Sen, Echo Wang, Michelle Price, Richard Chang Organizations: REUTERS, Retail, Holdings, Reuters, U.S, Investors, University of Florida, Nvidia, GameStop, Vanda Research, Instacart, IPOs, Thomson Locations: British, New York

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