Saad Ullah
Boohoo Insider Trading
The first in the top are the stocks of the British company Boohoo, an online fashion retailer.
This is not the first time that the company's shares have been in the focus of investors. Apparently, this is due to the active growth in the value of the company's shares, over the last month it amounted to more than 20%. Part of the reason for this increase is the increased demand for the company's shares among insiders.
So, according to Simply Wall St., The CEO of the company has spent over £ 729,000 buying shares in his company. Earlier throughout the year, insiders were also actively buying Boohoo's assets, which apparently attracted the attention of retail investors from outside.
Tesla Stocks Are Not far Beyond the Leader
Even though Tesla's shares became the most popular ones, this did not have a significant impact on the price. Throughout the week, it fluctuated slightly, with a little bit of growth observed on Tuesday and Wednesday, but then returned to the previous level.
Gary Black, the former CEO of Aegon Asset Management, believes it's all about postponing a new stimulus package, value rotation and renewed growth in coronavirus concerns. Besides, the decrease in the price of the Model S is an indirect factor in the low demand for the company's cars, which also worries investors.
Nio Stocks Are the Third
Chinese electric vehicle maker Nio was the absolute leader this week in terms of traded volume among the users of Freetrade app this week. Of course, Friday played an important role in this, when research company Citron released an analytical report on Nio, in which it confirmed that the shares of the Chinese manufacturer were extremely overbought.
Against the background of this news, the value of the company's shares collapsed significantly, by the end of the day the fall was about 10%. At the same time, during the trading, the share price dropped even lower, however, investors managed to buy out this fall, leveling out some of the negative impacts of the Citron analytical report.
Thanks to their efforts, trading on Friday broke the record for the company's share volume, surpassing the all-time high set during the summer rally. The total trading volume of the company's shares on Friday alone amounted to more than two billion shares, which, according to Nathan Michaud's calculations, is equal to almost half of the company's total market capitalization.
Saad Ullah
