Think Of Tesla Stock As The Hermes Birkin Handbag For Today's Equity Market [Seeking Alpha]
HERMES INTL SA UNSP/ADR (HESAY)
NASDAQ:AMEX Investor Relations:
finance.hermes.com/en
Company Research
Source: Seeking Alpha
Summary Stratospheric prices for Tesla shares have become disconnected from classic financial measuring tools such a price-earnings ratio. Tesla stock price resembles the price of luxury goods such as purses and watches, which also are disconnected from their utility value. A secondary market for luxury items suggests that many of them only get more valuable with time, that their buyers simply have a different measure of value. Buy Tesla shares if you are seeking virtue for investing in the mission of reversing global climate change. Andreas Dress Unsplash Tesla ( TSLA a source of constant amazement at the stock’s stratospheric price I offer you one more theory – and a reason to buy Tesla stock – based on the observation of luxury items such as watches and handbags, which sell at extremely high prices, far in excess of their utility value. Normally, a share of stock is bought because of the belief – or at least the hope – that it will rise in price or that it will yield an attractive
Show less
Read more
Impact Snapshot
Event Time:
HESAY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HESAY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HESAY alerts
High impacting HERMES INTL SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
HESAY
News
- Hermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppers [Fortune]Fortune
- Hermes Defies Luxury Slowdown With Sales Jump in China [BNN Bloomberg (Canada)]BNN Bloomberg
- Hermes hires Latham team to fight consumers' Birkin bag lawsuit [Reuters]Reuters
- Hermes International: Q1 2024 And FY 2024 Should See Strong Sales As Well [Seeking Alpha]Seeking Alpha
- 40 Best Fashion Schools in the World for 2024 [Yahoo! Finance]Yahoo! Finance