#wellfargo

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    WELLS FARGO DOWNGRADES AMAZON, CITING PROFITABILITY CONCERNS.

    Amazon's (AMZN) stock took a hit on October 7, 2024, closing 3% lower after Wells Fargo analyst Ken Gawrelski downgraded the company from Overweight to Equal Weight, reducing its price target from $225 to $183. Gawrelski's note highlighted several headwinds that could weigh on Amazon’s profit...
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    GAMESTOP CEO COHEN TO PAY $1 Million FINE FOR WELLS FARGO STOCK ACQUISITION VIOLATION

    GameStop CEO Ryan Cohen has agreed to a settlement involving a nearly $1 million penalty imposed by the U.S. Federal Trade Commission (FTC). This action arises from Cohen's failure to report his acquisition of over $100 million in Wells Fargo voting shares, a requirement under federal securities...
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