Diamonds and Dogs
4/8/20
FedEx (FDX) trading up 6% along with UPS Deliver as Amazon has suspended their competing delivery service starting in June in order to focus on a surge of online orders amid the coronavirus. Amazon Shipping was only available in a few big cities. FedEx also made its first shipments as a part of Project Airbridge, a public-private partnership managed by the federal government to provide expedited shipping of personal protective equipment (PPE) and other supplies critical to COVID-19 relief efforts.
EHealth Inc (EHTH) stock takes a hit down 15% after short seller Muddy Waters claimed the firm uses "highly aggressive accounting" to hide the fact it is a "significantly unprofitable business. While it is not accused of fraud, Muddy Waters said management is engaged in a "massive stock promotion." EHealth is an online marketplace that offers consumers insurance products including Medicare plans, individual and family health insurance, and small business insurance and ancillary health insurance products.
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