News Formal

Billionaire investor Mark Cuban adds to his Twitter stake as stock market craters

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Cuban said on 'Halftime Report' that the market has not 'hit a level that is really out of line.'

Shares of the social media company plunged more than 11% in Thursday's overall market plunge. The stock hit a new 52-week low Thursday.

Cuban, who sold a company that he co-founded to Yahoo at the height of the tech bubble, said he is not sure when the overall market will bounce back. He advised that investors take a step back and look at the longer path of stocks, pointing out that the market is still above where it was at the bottom of the December 2018 sell-off.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This Dow member has beaten the market during the last three recessionsFor investors increasingly worried that the coronavirus would tip the U.S. economy into a recession, buy this stock as it has trounced the market during the past three downturns.
Source: CNBC - 🏆 12. / 72 Read more »

As energy stocks sink, analysts say to buy these solar names insteadNew for subscribers: As energy stocks sink, analysts say to buy these solar names instead Check out CNBCPro and get your first 30 days free.
Source: CNBC - 🏆 12. / 72 Read more »