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10 things you need to know before the opening bell

1 month ago   |   By Business Insider

Here's what you need to know before markets open.
1. Chinese tech stock QuantumCTek skyrocketed 924% on its trading debut, breaking the record for a first-day gain. QuantumCTek issued its shares at 36.18 yuan each, and they soared more than tenfold to close north of 370 yuan. The stunning increase boosted the group's market capitalization from the yuan equivalent of $414 million to over $4.2 billion.
2. Billionaire investor Marc Lasry says the Fed's rampant stimulus makes 2020 a once in a lifetime opportunity for investors, as the US economy is fundamentally fine. The Fed pouring trillions...
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A Chinese tech stock skyrocketed 924% on its trading debut, breaking the record for a first-day gain

1 month ago   |   By Business Insider

Shares in a Chinese tech company soared 924% during their trading debut on Thursday, according to Bloomberg .
QuantumCTek's stock price rose more than tenfold to about 370 yuan , boosting its market capitalization to north of $4.2 billion.
The stock broke the Shanghai Star market's record for a first-day gain of 614%, set on Tuesday.
QuantumCTek's market cap is more than 110 times its sales last year, and 600 times its net income.
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A Chinese technology stock skyrocketed 924% during its first day of trading on Thursday, according to...
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