Company tied to football Hall of Fame embraced SPACs and NFT. A tale of two bubbles? [CBS News]
Hall of Fame Resort & Entertainment Company (HOFV)
Company Research
Source: CBS News
A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast. Hall of Fame Resort & Entertainment went public in July through what is known as a reverse merger with a "blank check," or special purpose acquisition company (SPAC), allowing the company to quickly raise $75 million in capital. Investing in SPACs has been a hot trend on Wall Street over the past year, opening the door to hundreds of companies going public. The resort and media company also hopped on another recent bandwagon: It announced in March that it was getting into non-fungible tokens, or NFTs — unique digital assets that have spawned a boom in so-called digital collectibles . CEO Michael Crawford said NFTs would allow the company to "unlock additional value" and that it was going to focus on the growing digital collectibles market. Shares of Hall of Fame Resort — which lost $71 million last year — more t
Show less
Read more
Impact Snapshot
Event Time:
HOFV
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
HOFV 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
HOFV alerts
High impacting Hall of Fame Resort & Entertainment Company news events
Weekly update
A roundup of the hottest topics
HOFV
News
- Analysts Have Lowered Expectations For Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Company Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Company Announces Fourth Quarter and Full Year 2023 ResultsPR Newswire
HOFV
Sec Filings
- 3/25/24 - Form 10-K
- 3/21/24 - Form 8-K
- 2/29/24 - Form 8-K
- HOFV's page on the SEC website