Fox Business: Disney Surges to All-Time High – Big Growth Year for Smaller Stocks
Surevest Private Wealth CEO, Rob Luna, explains why Disney’s stock soared to an all-time high and which underrepresented smaller stocks are surging in today’s market.
Market Update – December 11, 2020
Two giant companies had extremely successful initial public offerings this week. DoorDash, the food delivery service business, ended their first day of trading with an 85% increase, and Airbnb, the online vacation rental company, skyrocketed 112%.
A unicorn is a common business term used to describe privately held startup companies valued at more than $1 billion. To be on this list is quite the accomplishment, but it does not do justice to the market capitalization of DoorDash, which closed its first day of trading with a fully diluted market cap of $72B and Airbnb with a fully diluted market cap of over $100M[i]