Bending Spoons shares soar after Berkshire boosts bet
Bending Spoons shares rose as much as 11.3% to $59.50 after Berkshire Hathaway invested another $330 million, bringing its ownership in the company to 4%. The shares surged 41% the previous day.
Bending Spoons shares rose as much as 11.3% to $59.50 after Berkshire Hathaway invested another $330 million, bringing its ownership in the company to 4%. The shares surged 41% the previous day.
Bending Spoons shares climbed as much as 11.3% on Thursday to $59.50, their highest level since their summer public debut, after Berkshire Hathaway invested another $330 million. Berkshire had invested $600 million in the company’s IPO, and now owns 4%. The shares opened at $31 on July 1 after the offering was priced at $29 on June 30; Thursday’s high topped the previous post-IPO intraday high of $58.94, reached on August 11.
Of 12 analysts covering the stock, eight rate it “strong buy” or “buy,” three rate it “hold” and one recommends “sell.” The median price target is $48.
