VMware Inc. VMW is a provider of cloud management and networking software that saw a sell side firm cut its fundamental opinion of the stock to "market perform" here on Wednesday. Separately, there are media reports that VMware did not get a rival offer during its "go shop period" in its sale to Broadcom AVGO. The On-Balance-Volume (OBV) line has slowly weakened from early June as traders switched from aggressive buying in May to aggressive selling in June. Read More...
Reuters
Crypto lender Voyager Digital files for bankruptcy
In its Chapter 11 bankruptcy filing on Tuesday, New Jersey-based Voyager estimated that it had more than 100,000 creditors and somewhere between $1 billion and $10 billion in assets, and liabilities worth the same value. Chapter 11 bankruptcy procedures put a hold on all civil litigation matters and allow companies to prepare turnaround plans while remaining operational. “The prolonged volatility and contagion in the crypto markets over the past few months, and the default of Three Arrows Capital on a loan from the company’s subsidiary, Voyager Digital, LLC, require us to take deliberate and decisive action now,” Voyager Chief Executive Officer Stephen Ehrlich said in a statement.
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