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Does a name change lead to a higher stock price?

Recently the stock that used to trade under the ticker CREE made a switch — and saw a healthy jump in their stock price. Is it a coincidence that the former CREE, now Wolfspeed trading as WOLF, outperformed the market after it changed? Probably not, according to Michael Cooper, Professor of Finance. A name like CREE carries no meaning, while WOLF has instant recognition [...]

2021-10-11T17:29:50-06:00October 11th, 2021|

Fintech booming in Utah with help from the Utah Center for Financial Services

This past year has been an enormous one for FinTech in Utah Valley. Galileo, Finicity, Acima, and Divvy all have been acquired for roughly $6 billion. Fintech and tech companies as a whole are increasingly choosing Utah and Salt Lake City specifically as the basecamp to establish their operations. The Utah Center for Financial Services (UCFS) was recently featured in an article about financial [...]

2021-07-26T16:17:57-06:00July 22nd, 2021|