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Tag: Flying Eagle Acquisition Corp

  • 10 Trending Stocks In Shell Companies Industry

    10 Trending Stocks In Shell Companies Industry

    Shell companies include those organizations which are only acting as a transactional vehicle for a variety of firms and for various purposes. Some companies are providing financing channels to its customers through its partnership with financial institutions. These firms are also offering value-added services to its customers, including insurance, extended warranties, and after-sales services.

    In Shell Companies, some are offering services such as a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Some of the leading companies in this industry are as follows. Check out these companies to see how they are providing the best services to their customers:

    DraftKings Inc. (NASDAQ: DKNG)

    DraftKings Inc. (NASDAQ: DKNG) last closed at $44.58, in a 52-week range of $9.85 to $64.19. Analysts have a consensus price target of $57.32. DraftKings Inc. (DKNG) has disclosed that it is scheduled to release its third-quarter 2020 results prior to 8:30 AM EST on November 13, 2020. DraftKings Inc.’s market cap has remained high, hitting $17.11 billion at the time of writing.

    Spartan Energy Acquisition Corp. (NYSE: SPAQ)

    Spartan Energy Acquisition Corp. (NYSE: SPAQ) stock drop by -4.25% to $12.85. Spartan Energy Acquisition Corp. (SPAQ) and Fisker Inc. have earlier disclosed that the Special Meeting of Stockholders of Spartan to approve the pending business combination between Spartan and Fisker is scheduled to be held on Wednesday, October 28, 2020. Spartan Energy Acquisition Corp. market cap has remained high, hitting $709.32 million at the time of writing.

    CC Neuberger Principal Holdings (NYSE: PCPL)

    CC Neuberger Principal Holdings (NYSE: PCPL) stock soar by 0.86% to 10.53. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CC Neuberger Principal Holdings in connection with the Company’s proposed merger with E2open Holdings, LLC. CC Neuberger Principal Holdings (PCPL) has a total market capitalization of $435.94 million at the time of writing.

    Replay Acquisition Corp. (NYSE: RPLA)

    Replay Acquisition Corp. (NYSE: RPLA) shares headed falling, lower as much as 0.00%. Finance of America Equity Capital LLC and Replay Acquisition Corp. has earlier announced that both companies have agreed to a business combination that will result in Finance of America becoming a publicly listed company. Replay Acquisition Corp. has a total market capitalization of $364.77 million.

    Social Capital Hedosophia Holdings Corp. (NYSE: IPOC)

    Social Capital Hedosophia Holdings Corp. (NYSE: IPOC) last closed at 10.64, in a 52-week range of $10.07 to $13.35. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Social Capital Hedosophia Holdings Corp IIIin connection with the Company’s proposed merger with privately-held healthcare company Clover Health Investments, Corp.

    Kaixin Auto Holdings (NASDAQ: KXIN)

    Kaixin Auto Holdings (NASDAQ: KXIN) shares were trading up 293.72% at $8.15 at the time of writing on Monday. Kaixin Auto Holdings (NASDAQ: KXIN) share price went from a low point around $0.40 to briefly over $4.50 in the past 52 weeks, though shares have since pulled back to $8.15. Kaixin Auto Holdings (KXIN) market cap has remained high, hitting $316.55M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB)

    Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) shares headed falling, lower as much as -6.85%. Social Capital Hedosophia Holdings Corp. II (IPOB) share price went from a low point around $10.55 to briefly over $27.00 in the past 52 weeks, though shares have since pulled back to $21.34. Social Capital Hedosophia Holdings Corp. II market cap has remained high, hitting $1.15 billion at the time of writing.

    Churchill Capital Corp. (NYSE: CCX)

    Churchill Capital Corp. (NYSE: CCX) rose 0.20% after gaining more than $0.02 on Monday. Churchill Capital Corp. (CCX) share price went from a low point around $9.25 to briefly over $11.99 in the past 52 weeks, though shares have since pulled back to $10.02. Churchill Capital Corp. market cap has remained high, hitting $864.23 million at the time of writing.

    Switchback Energy Acquisition Corporation (NYSE: SBE)

    Switchback Energy Acquisition Corporation (NYSE: SBE) last closed at $16.09, in a 52-week range of $9.38 to $16.45. Switchback Energy Acquisition Corporation (SBE) has moved up 71.54% from its 52-weeks low and moved down -2.19% from its 52-weeks high. It has a total market capitalization of $505.42 million.

    Flying Eagle Acquisition Corp. (NYSE: FEAC)

    Flying Eagle Acquisition Corp. (NYSE: FEAC) rose 1.76% after gaining more than 0.24 on Monday. Flying Eagle Acquisition Corp. (FEAC) share price went from a low point around $9.81 to briefly over $14.70 in the past 52 weeks, though shares have since pulled back to $13.85.  Flying Eagle Acquisition Corp. market cap has remained high, hitting $955.65 million at the time of writing.

     

  • Flying Eagle Acquisition Corp [FEAC] Rallies on Massive Esports Merger Deal

    Flying Eagle Acquisition Corp [FEAC] Rallies on Massive Esports Merger Deal

    Flying Eagle Acquisition Corp [NYSE: FEAC] is a top perfumer this afternoon and is up by 19% at the time of writing. The stock’s upside momentum is driven by news that the company was taking mobile gaming platform Skillz, public. In a statement, Skillz has said that it was merging with Flying Eagle Acquisition Corp, a special purpose vehicle for mergers and acquisitions. Under the deal, Skillz Inc will go public at a valuation of $3.5 billion, representing 6.3 times the estimated value of the company’s 2022 revenues. The move to take Skillz public is a big deal for a number of reasons.

    First, Skillz is the first mobile Esports Company to go public. This will see it draw interest from investors looking for a share of the first growing mobile gaming market. The business already has attributes that make it a high potential stock. For starters, it already has investment commitments totalling to over $250 million. Some of the big investors that have committed themselves to the company include Wellington, Franklin Templeton, Fidelity and Neuberger Berman.

    . On top of that, the company is operating in a high growth market. It is projected the company will have a compound annual growth rate of 57% from 2020 to 2022, and its revenues for 2022 are projected to hit $555 million. However, the most important factor to the deal is that the company is retaining the persons behind its success so far.

    As part of the merger deal, the company will retain both its CEO Andrew Paradise who is also a founder, and Casey Chafkin who is the company’s CRO and founder.  By retaining its top brains, the company is uniquely positioned to sustain the momentum that it started while still trading as a private company. For context on how good the team is, it has managed to grow the company to become one of the largest and most important players in the mobile gaming space.

    Commenting on the merger deal, Flying Eagle CEO Harry E. Sloan stated that he had been active in the gaming industry for over 20 years and had seen it evolve to what is today. He added that he firmly believed Skillz was well-positioned to be the future of gaming. His views were echoed by Skillz CEO who stated that the company was in a good position to capture the worldwide esports market.

    With such a high-value company under its fold, Flying Eagle is well-positioned to record stock value growth in the near-term.

    About Flying Eagle Acquisition Corp

    Flying Eagle Acquisition Corp effects mergers and asset acquisitions and corporate reorganization. It is based in Los Angeles, California.