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CIMG Shares Halted On Circuit Breaker To The Upside, Stock Now Up 63.5%

You know you've made it when your real estate purchases are decided by their proximity to your sports teams. That was the position former<a href="https://www.benzinga.com/insights/short-sellers/24/11/41981181/how-is-the-market-feeling-about-ebay"> eBay</a> President Jeff Skoll found himself in recently when he purchased a $17 million compound in McLean, VA – to be closer to the Washington Capitals NHL team, of which he is a part-owner.
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For Skoll, a Canadian billionaire and former ice hockey youth player, trading sports (he headed eBay from 1996 to 1998) for business proved to be a proactive move. However, his love of the game never left and he purchased a stake in the Capitals two years ago.&nbsp;
"I decided it would be great to have a home in the area so I could be there more often," Skoll, 59, told the Wall Street Journal.
A guesthouse For $6.5 Million
Skoll's purchase in the coveted D.C. suburb was not isolated. It includes multiple parcels amounting to nine acres and features a $10.5 million spec mansion – an 11,600-square-foot house sheathed in blue stone with wood siding and a metal roof – built by Artisan Builders on roughly an acre of land in McLean's West Langley area. Renderings of the mansion went on the market in August.
Rather than live close to the construction, as billionaires do, Skoll purchased another home, Elmwood, for $6.5 million. This adjacent 8-acre estate was owned by the family of late TV newscaster Roger Mudd, who passed away in 2021. Skoll may use Elmwood as a guesthouse when his new property is completed.
See Also: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
<h2 class="wp-block-heading">A History Of High-End Homes</h2>
The Virginia property will not be Skoll's primary residence despite the cash outlay. That honor goes to a Manalapan, Fla., estate he purchased for under $90 million in 2021.
Skoll is not known for dealing in low-key real estate. In 2016, he sold his $20 million Los Altos, CA, home in the heart of Silicon Valley. The custom estate, built in 1990, included eight bedrooms, 10 bathrooms, an eight-car garage, seven fireplaces and over 100 mature trees on three-plus acres.
Skoll also owned two homes in<a href="https://www.benzinga.com/real-estate/24/09/40957620/celebrity-property-portfolios-soar-with-bezos-and-oprah-tied-for-the-top-spot"> Beverly Hills</a>, which he purchased in 2014 and sold in 2022 for a combined price of $33 million. According to The Real Deal, Palo Alto firm Capricorn Investment Group, which manages Skoll's investment portfolio, sold a 7,500-square-foot mansion at 1118 Calle Vista Drive and a smaller Tudor-style home at 1116 Calle Vista Drive.
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<h2 class="wp-block-heading">From e-Commerce To Hollywood</h2>
Skoll made the bulk of his fortune working alongside founder and friend Pierre Omidyar, firstly out of Omidyar's basement and later Skoll's living room. "We were on a rocket ride from 1996 when we teamed up until 1998 when we were getting ready to go public," he told the Wall Street Journal.
He stayed at eBay until the early 2000s when he<a href="https://www.benzinga.com/money/what-does-ipo-mean"> took the company public</a>. He has also scored recent successes through Participant Media, a film and TV production company that aims to tell impactful stories. Notable films include "Spotlight," "The Help," "Lincoln," "An Inconvenient Truth," and "Wonder."
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Real Estate

E-Bay Founder Jeff Skoll Is Buying A Washington, D.C. Mansion For $20M. Here's A Look At Some Of His Other High-Priced Homes

BTIG analyst Ryan Zimmerman maintains Vericel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCEL#NASDAQ">VCEL</a>) with a Buy and raises the price target from $56 to $66.

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Price Target

Analyst Ratings

VCEL

BTIG Maintains Buy on Vericel, Raises Price Target to $66

Mizuho analyst Siti Panigrahi maintains Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Outperform and raises the price target from $90 to $105.

Mizuho Maintains Outperform on Zoom Video Comms, Raises Price Target to $105

BTIG analyst Ryan Zimmerman maintains Penumbra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEN#NYSE">PEN</a>) with a Buy and raises the price target from $232 to $270.

BTIG Maintains Buy on Penumbra, Raises Price Target to $270

Telsey Advisory Group analyst Dana Telsey maintains Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) with a Market Perform and maintains $17 price target.

Telsey Advisory Group Maintains Market Perform on Macy's, Maintains $17 Price Target

Mizuho analyst John Roberts maintains Eastman Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) with a Neutral and raises the price target from $113 to $117.

Mizuho Maintains Neutral on Eastman Chemical, Raises Price Target to $117

Mizuho analyst Nitin Kumar maintains EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) with a Neutral and raises the price target from $45 to $48.

Mizuho Maintains Neutral on EQT, Raises Price Target to $48

Telsey Advisory Group analyst Dana Telsey maintains Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) with a Outperform and raises the price target from $42 to $43.

BBWI

Telsey Advisory Group Maintains Outperform on Bath & Body Works, Raises Price Target to $43

Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> trading higher on Tuesday.</a>
The company has announced that Emerald Transportation Solutions and Papé Group are working to develop an advanced refrigeration upfit for its<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g42190342/mullen-announces-pap-and-emerald-transportations-refrigerated-solution-for-the-mullen-class-3-ev-t" rel="noreferrer noopener"> all-electric Mullen THREE Class 3 truck</a>.
The partnership aims to transform the Mullen THREE into an ideal solution for transporting perishable goods, tapping into the rapidly growing sectors of home delivery, frozen food, grocery, and beverage transportation.
Emerald, a commercial vehicle upfitter with over 55 years of experience, is known for its successful track record in outfitting vehicles for companies in the frozen food and beverage industries.
Their expertise in custom vehicle conversions and refrigeration equipment installation will ensure that the Mullen THREE can efficiently and safely transport perishable goods.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/11/42194139/consumer-confidence-hits-2-year-high-as-recession-fears-fade-stock-market-optimism-soars-to-record-high" rel="noreferrer noopener">Consumer Confidence Hits 2-Year High As Recession Fears Fade: Stock Market Optimism Soars To Record High</a>
The Mullen THREE&#8217;s versatile chassis, capable of supporting bodies up to 14 feet long and over 5,300 lbs of payload, makes it an ideal platform for this reefer upfit. The collaboration allows Mullen to expand its offerings in the commercial EV market, providing sustainable, efficient transportation solutions for businesses of all sizes.
David Michery, CEO and Chairman of Mullen Automotive, expressed enthusiasm for the project, stating that the partnership aligns with the company's commitment to providing innovative electric vehicle solutions for the growing demand in the perishable goods transport sector.
Price Action: MULN shares are trading higher by 0.98% at $2.898 at last check Tuesday.
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MULN

What's Going On With Mullen Automotive Stock Today?

Morgan Stanley analyst Matthew Harrison downgrades Alector (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALEC#NASDAQ">ALEC</a>) from Equal-Weight to Underweight and lowers the price target from $10 to $3.

Downgrades

ALEC

Morgan Stanley Downgrades Alector to Underweight, Lowers Price Target to $3

Live On CNBC, Jim Lebenthal Says "I'm Selling General Motors On The Tariff News"

BTIG analyst Ryan Zimmerman maintains Glaukos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) with a Buy and raises the price target from $140 to $149.

GKOS

BTIG Maintains Buy on Glaukos, Raises Price Target to $149

Telsey Advisory Group analyst Dana Telsey maintains Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) with a Market Perform and lowers the price target from $4 to $3.75.

LESL

Telsey Advisory Group Maintains Market Perform on Leslies, Lowers Price Target to $3.75

Morgan Stanley analyst Jorge Kuri maintains XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) with a Equal-Weight and lowers the price target from $24 to $21.

Morgan Stanley Maintains Equal-Weight on XP, Lowers Price Target to $21

BTIG analyst Ryan Zimmerman maintains Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) with a Buy and raises the price target from $535 to $561.

ISRG

BTIG Maintains Buy on Intuitive Surgical, Raises Price Target to $561

Rosenblatt analyst Steve Frankel maintains Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) with a Buy and raises the price target from $22 to $30.

Rosenblatt Maintains Buy on Universal Technical, Raises Price Target to $30

Morgan Stanley analyst Kimberly Greenberger maintains Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) with a Overweight and raises the price target from $48 to $49.

Morgan Stanley Maintains Overweight on Bath & Body Works, Raises Price Target to $49

BTIG analyst Justin Zelin downgrades Poseida Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTX#NASDAQ">PSTX</a>) from Buy to Neutral.

PSTX

BTIG Downgrades Poseida Therapeutics to Neutral

Morgan Stanley analyst Keith Weiss maintains BILL Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) with a Equal-Weight and raises the price target from $58 to $95.

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