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More flights involving B.C. airports added to COVID-19 exposures list – CTV News Vancouver

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VANCOUVER —
The B.C. Centre for Disease Control added eight more flights to its list of COVID-19 exposures on Saturday, including one flight that departed Vancouver on New Year’s Day and has already been deemed a possible exposure.

The latest flights added to the list are:

  • Dec. 20: United Airlines flight 575 from Denver to Vancouver (rows 19 to 25)
  • Dec. 22: WestJet flight 3100 from Fort St. John to Calgary (rows not reported)
  • Dec. 22: WestJet flight 3113 from Calgary to Kamloops (rows not reported)
  • Dec. 28: Air Canada flight 123 from Toronto to Vancouver (rows 55 to 61)
  • Dec. 31: Flair Air flight 8513 from Saskatoon to Vancouver (rows eight to 14)
  • Dec. 31: Air Canada flight 301 from Montreal to Vancouver (rows 12 to 15)
  • Dec. 31: Air Canada flight 107 from Toronto to Vancouver (rows three to seven)
  • Jan. 1: Air Canada flight 124 from Vancouver to Toronto (rows one to five)

Travellers arriving in B.C. on international flights are required to self-isolate for 14 days upon landing. Domestic travellers are not required to self-isolate, but health officials have warned against non-essential travel within Canada.

Anyone who was on any of the flights listed should self-monitor for symptoms of COVID-19, seeking testing and self-isolating if any develop. Passengers who were seated in the rows listed are considered to be at greater risk because of their proximity to a confirmed case of the disease.

B.C. health officials do not directly contact everyone who was on a flight where exposure to the coronavirus was possible. Instead, public notifications are posted on the BCCDC website

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Coronavirus: Doug Ford reiterates call for mandatory COVID-19 tests for air travellers – Global News

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  1. Coronavirus: Doug Ford reiterates call for mandatory COVID-19 tests for air travellers  Global News
  2. Made-in-Canada coronavirus vaccine starts human clinical trials  CBC.ca
  3. Explained: What the Pfizer shortage means for Canada’s vaccine rollout  CTV News
  4. Made-in-Canada COVID vaccine to be manufactured in Calgary; clinical trials have now begun  Calgary Herald
  5. General public will have to wait until August for COVID-19 vaccine  CBC.ca
  6. View Full coverage on Google News



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GameStop shares almost double again as retail investors poke Wall Street's bears – CBC.ca

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Individual investors again piled into several niche stock market plays on Tuesday, prompting hedge fund short sellers to scramble to cover losing bets and driving a rally in shares of companies including GameStop and Etsy.

The surge in recent days — GameStop has risen to about $150 from $19 since Jan. 12 while BlackBerry Ltd. has shot up 170 per cent this year — has spurred concerns over bubbles in stocks that hedge funds and other speculative players had bet would fall in value.

To some on Wall Street, the moves have also begun to look symbolic of a stock market that may be overvalued at the end of a year dominated by floods of fiscal and monetary stimulus to ease the coronavirus crisis.

“This is hardly an environment where informed investors are transacting to establish price discovery,” said Mike O’Rourke, chief market strategist at JonesTrading.

Chasing tips from Reddit

The benchmark S&P 500 has gained more than 70 per cent since March, with analysts putting moves in share prices of several loss-making firms down to herds of amateur investors chasing tips from Reddit discussion threads or the private Facebook group Robin Hood’s Stock Market Watchlist.

Venture capital investor Chamath Palihapitiya said in a tweet that he had bought $115 call options on GameStop, a gaming and electronics retailer, on Tuesday morning after an exchange with Reddit founder Alexis Ohanian. Those give him the right to buy the shares at $115, should he choose to. 

GameStop closed at $147.98, up about 92 per cent on the day and extending its winning streak to a fourth straight session.

In after hours trading in New York on Tuesday evening, the shares were changing hands at more than $200 a share.

Much of the action has centred around shares that have been heavily “shorted” by other market players — traditionally an area dominated by hedge funds.

Shares in Evotec, a Germany-based drug company, rallied eight per cent on Tuesday with three traders reporting that hedge fund Melvin Capital Management was closing its short positions after suffering losses on some bets.

Melvin previously held a 6.2 per cent short bet against Evotec, according to filings with the German regulator. The fund did not respond to requests for comment.

WATCH | Here’s how short selling works:

An animated explanation of how people make money from stocks losing value 0:46

Short sellers typically bet against stocks of companies that they view as outdated in their business models or otherwise overvalued.

BlackBerry shares trade at a 12-month forward price to earnings ratio (P/E ratio) of 117.22, while online retailer Etsy has a multiple of 93.44. At that level, investors are paying $93 for every dollar of actual profit at the underlying company.

By contrast, Apple Inc., the world’s most valuable publicly listed firm, has a 12-month forward P/E ratio of just 34.46. Etsy jumped as much as nine per cent on Tuesday after Tesla Inc. CEO Elon Musk, also often a focal point for social media-savvy traders, endorsed the company in a tweet.

Investor Andrew Left is as convinced as ever that GameStop is a dying business and its stock price will fall sharply.

Will it end badly? Sure. We just don’t know when– Thomas Hayes, Great Hill Capital

Left shorted the company’s stock when it traded around $40 a share and forecast publicly that it would tumble to $20 a share. He said on Tuesday that he was still shorting the stock.

“Will it end badly? Sure. We just don’t know when,” said Thomas Hayes, managing member at Great Hill Capital in New York.

“The most optimistic estimate from the street [for GameStop] is $30 a share, which would be pricing in perfection on all of the most bullish initiatives of the company.”

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GameStop shares continue meteoric rise as retail investors poke Wall Street's bears – CBC.ca

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Individual investors again piled into several niche stock market plays on Tuesday, prompting hedge fund short sellers to scramble to cover losing bets and driving a rally in shares of companies including GameStop and Etsy.

The surge in recent days — GameStop has risen to about $90 from $19 since Jan. 12 while BlackBerry Ltd. has shot up 170 per cent this year — has spurred concerns over bubbles in stocks that hedge funds and other speculative players had bet will fall in value.

To some on Wall Street, the moves have also begun to look symbolic of a stock market that may be overvalued at the end of a year dominated by floods of fiscal and monetary stimulus to ease the coronavirus crisis.

“This is hardly an environment where informed investors are transacting to establish price discovery,” said Mike O’Rourke, chief market strategist at JonesTrading.

The benchmark S&P 500 has gained more than 70 per cent since March, with analysts putting moves in share prices of several loss-making firms down to herds of amateur investors chasing tips from Reddit discussion threads or the private Facebook group Robin Hood’s Stock Market Watchlist.

Venture capital investor Chamath Palihapitiya said in a tweet that he had bought $115 call options on GameStop, a gaming and electronics retailer, on Tuesday morning after an exchange with Reddit founder Alexis Ohanian. Those give him the right to buy the shares at $115, should he choose to. 

GameStop gained 22 per cent to $93.70 in morning trade, well below Monday’s intraday high of $159.18, but extending its winning streak to a fourth straight session. The broader U.S. stock market was about flat on the day.

Will it end badly? Sure. We just don’t know when.– Thomas Hayes, Great Hill Capital

Much of the action has centred around shares that have been heavily “shorted” by other market players — traditionally an area dominated by hedge funds. Shares in Evotec, a Germany-based drug company, rallied eight per cent on Tuesday with three traders reporting that hedge fund Melvin Capital Management was closing its short positions after suffering losses on some bets.

WATCH: Here’s how short selling works:

An animated explanation of how people make money from stocks losing value 0:46

Melvin previously held a 6.2 per cent short bet against Evotec, according to filings with the German regulator. The fund did not respond to requests for comment. Short sellers typically bet against stocks of companies that they view as outdated in their business models or otherwise overvalued. BlackBerry shares trade at a 12-month forward P/E ratio of 117.22, while online retailer Etsy has a multiple of 93.44. At that level, investors are paying $93 for every dollar of actual profit at the underlying company.

By contrast, Apple Inc., the world’s most valuable publicly listed firm, has a 12-month forward P/E ratio of just 34.46. Etsy jumped as much as nine per cent on Tuesday after Tesla Inc. CEO Elon Musk, also often a focal point for social media-savvy traders, endorsed the company in a tweet.

Investor Andrew Left is as convinced as ever that GameStop is a dying business and its stock price will fall sharply. Left shorted the company’s stock when it traded around $40 a share and forecast publicly that it would tumble to $20 a share. He said on Tuesday that he was still shorting the stock.

“Will it end badly? Sure. We just don’t know when,” said Thomas Hayes, managing member at Great Hill Capital in New York. “The most optimistic estimate from the street [for GameStop] is $30 a share, which would be pricing in perfection on all of the most bullish initiatives of the company.”

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