Shift Technologies Inc
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Consumer Discretionary : Specialty Retail | Small Cap Blend
Company profile

Shift Technologies, Inc. is an end-to-end e-commerce platform transforming the used car industry with a technology-driven customer experience. Its segments include Retail and Wholesale. The Retail segment represents retail sales of used vehicles through the Company's e-commerce platform and fees earned on sales of value-added products associated with those vehicles sales, such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler (DTW). It provides technology-driven solutions throughout the car ownership lifecycle. It operates approximately nine vehicle inventory inspection, reconditioning and storage centers, with six spanning the West Coast from San Diego to Seattle and three new facilities in Austin, San Antonio and Dallas, Texas. It conducts its business through its wholly owned subsidiaries.

Closing Price
$0.8676
Day's Change
0.1945 (28.90%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.91
Day's Low
0.70
Volume
(Heavy Day)
Volume:
12,216,946

10-day average volume:
9,441,554
12,216,946

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Coinbase Global Inc. (COIN) Investigation

11:00 am ET May 18, 2022 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / May 18, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Coinbase Global Inc.

("Coinbase" or "the Company") (NASDAQ:COIN). Investors who purchased Coinbase sharesare encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/coin.

Bronstein, Gewirtz and Grossman, LLC, Wednesday, May 18, 2022, Press release picture

The investigation concerns whether Coinbase and certain of its officers and/or directors have violated federal securities laws.

On May 10, 2022, Coinbase released its results for the first quarter of 2022 and disclosed that it lost $430 million for the quarter or $1.98 per share. Coinbase earned $3.05 per share in the same period of the prior year. Following this news, Coinbase stock dropped over 26% on May 11, 2022.

If you are aware of any facts relating to this investigation, or purchased Coinbase shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/coin. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC





View source version on accesswire.com:

https://www.accesswire.com/701882/Bronstein-Gewirtz-Grossman-LLC-Notifies-Shareholders-of-Coinbase-Global-Inc-COIN-Investigation



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COMTEX_407399200/2457/2022-05-18T11:00:21

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