Category: Investing.com
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Street calls of the week By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! South Korea . What happened? On Monday, Mizuho downgraded shares of Southern Company (NYSE:) to Neutral with a $90 price target.…
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Selling season, election ahead, but keep an eye on ’25, says Wells Fargo By Investing.com
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Wells Fargo strategists believe investors should brace for more market volatility as the selling season approaches, which will be exacerbated by the upcoming election cycle. Historically, the period from late summer to early fall has been marked by significant declines in the stock market. Over the past seven years, the…
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Selling season, election ahead, but keep an eye on ’25, says Wells Fargo By Investing.com
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Wells Fargo strategists believe investors should brace for more market volatility as the selling season approaches, which will be exacerbated by the upcoming election cycle. Historically, the period from late summer to early fall has been marked by significant declines in the stock market. Over the past seven years, the…
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Investors should de-risk ahead of US elections, BCA says By Investing.com
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Investing.com – As the U.S. prepares for the expected 2024 elections, BCA Research advises investors to take precautions and reduce risks in their portfolios. The financial landscape looks uncertain due to the economic slowdown, geopolitical tensions and the potential for market volatility in the run-up to November. Although the BCA…
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How to play the AI Enterprise Software revolution By Investing.com
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Investing.com – The enterprise AI software revolution is transforming business operations, and companies are increasingly positioning themselves to take advantage of the trend. In a recent note, Truist Securities analysts highlighted that companies are integrating AI technologies across their software stacks to enhance productivity, data management, and cybersecurity. At the…
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Natera co-founder sells over $2.8 million in company stock By Investing.com
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In a recent transaction, Sheena Jonathan, co-founder of Natera, Inc. (NASDAQ:), a leading personal genetic testing and diagnostics company, sold a significant amount of the company’s stock. The total sale, which took place on September 18, 2024, was more than $2.8 million. The transactions involved the sale of several blocks…
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Eliem therapeutics executive sells over $9,000 in company stock By Investing.com
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According to a new filing with the U.S. Securities and Exchange Commission, Emily Pimblett, chief accounting officer of Eliem Therapeutics, Inc. (NASDAQ:ELYM), recently sold a portion of her company’s stock. The transactions, which took place on September 20, 2024, involved the sale of 1,182 shares at $8.18 each and 9…
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Eliem therapeutics executive sells over $9,000 in company stock By Investing.com
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According to a new filing with the U.S. Securities and Exchange Commission, Emily Pimblett, chief accounting officer of Eliem Therapeutics, Inc. (NASDAQ:ELYM), recently sold a portion of her company’s stock. The transactions, which took place on September 20, 2024, involved the sale of 1,182 shares at $8.18 each and 9…
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Atlantic Coastal extends merger deadline to October 19 By Investing.com
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Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB), a special purpose acquisition company, announced Friday that its shareholders have approved an extension of the deadline to complete the business combination from September 19, 2024 to October 19, 2024. This extension provides the company additional time to complete the merger or similar business…
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NextNav’s chief accounting officer sells shares worth $5,799 By Investing.com
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In a recent transaction on September 19, Shams Sammad, chief accounting officer of NextNav Inc. (NASDAQ:NN (NASDAQ:)), sold shares in the company. The transaction involved the sale of 735 shares of common stock at $7.89 per share, for a total of approximately $5,799. The sale was made to satisfy tax…
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NextNav’s chief accounting officer sells shares worth $5,799 By Investing.com
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In a recent transaction on September 19, Shams Sammad, chief accounting officer of NextNav Inc. (NASDAQ:NN (NASDAQ:)), sold shares in the company. The transaction involved the sale of 735 shares of common stock at $7.89 per share, for a total of approximately $5,799. The sale was made to satisfy tax…
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RENN Fund CEO Murray Stahl buys $2,704 worth of company stock By Investing.com
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In a recent deal completed on September 19, Murray Stahl, Chairman and CEO of RENN Fund, Inc. (NYSE:RCG), increased his stake in the company. The deal involved the purchase of shares at $1.98 per share, for a total value of $2,704. Stahl’s move demonstrates his increased investment in the company,…
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Alliance Entertainment announces mixed FY 2024 results By Investing.com
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Alliance Entertainment (AENT), a leader in direct-to-consumer and e-commerce in the entertainment sector, disclosed its financial outcomes for the fourth quarter and fiscal year 2024 on (date). The company reported a decrease in net revenue for Q4 to $236.9 million from $247.1 million the previous year, with a gross profit…
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Buffett’s Berkshire Hathaway offloads more of its Bank of America stake By Investing.com
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Warren Buffett’s Berkshire Hathaway sold about $900 million of its stake in Bank of America this week, cutting its holdings in America’s second-largest lender to near the key reporting threshold. Berkshire’s stake in Bank of America now amounts to 10.8% of outstanding shares, or about $34 billion. Berkshire, which remains…
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Dollar edges off lows; sterling gains after strong retail sales By Investing.com
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The US dollar rose slightly on Friday, but remained under pressure after a major interest rate cut by the Federal Reserve, while the British pound rose strongly after healthy UK retail sales data. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six…
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Asia FX rises as rate cut dents dollar; yen firms as BOJ holds course By Investing.com
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Most Asian currencies rose on Friday, while the dollar suffered losses after the Federal Reserve cut interest rates by a wide margin and began an easing cycle. The Japanese yen was among the best performing currencies, rising after the Bank of Japan kept interest rates on hold and said it…
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Asian stocks rise on rate cut cheer; Japan trims gains after BOJ By Investing.com
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Most Asian stocks rose on Friday, tracking gains on Wall Street overnight, as investors welcomed a major interest rate cut by the Federal Reserve. Japanese stocks outperformed their regional peers, but pared early gains after the Bank of Japan kept interest rates steady but said it expected inflation to continue…
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Stay long on the yen amid rate hikes, improving growth- BCA By Investing.com
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Bets on a stronger yen have become more entrenched amid attractive valuations of domestic assets, the prospect of further interest rate hikes and an improving Japanese economy, BCA Research said. The yen has staged a stunning recovery over the past two months, as hawkish Bank of Japan policy, a weaker…
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Alice Walton sells over $170 million in Walmart stock By Investing.com
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In a notable move in the retail sector, Alice Walton, a major shareholder in Walmart Inc. (NYSE: ), has sold a significant portion of her stake in the company. Recent transactions revealed that Walton sold a total of 2,219,617 shares of Walmart stock, worth more than $170 million. The sales…