Gores Guggenheim, Inc. Class A Common Stock
PSNYGores Guggenheim, Inc. Class A (PSNY) is a special purpose acquisition company (SPAC) formed to identify and merge with a private company to facilitate its initial public offering (IPO). Backed by Gores Group and Guggenheim Partners, PSNY aims to leverage its experienced leadership and strategic partners to identify promising businesses for growth and expansion.
Company News
Chewy's stock price fell 6% after an analyst downgraded the company's recommendation to neutral following its Q3 earnings report, despite some analysts raising their price targets. Investors expect strong growth from retail stocks, and Chewy's 5% year-over-year revenue increase was seen as insufficient.
Polestar's (PSNY) revenues in 2023 decline 3%, mainly due to increased discounts and lesser carbon credit sales.
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