Positive Outlook for Bitcoin; Ethereum Holds Support
Bitcoin's price is showing a bullish trend, with potential to reach new highs if it breaks the $74,000 resistance. Key support lies between $66,700 and $68,300. Ethereum is also stable, maintaining essential support above $2,460, with resistance at $2,550-$2,580 and stronger resistance up to $2,800.
Tristel Shares Dip Below 200-Day Moving Average and Company Increases Dividend
Tristel plc stock fell below its 200-day moving average, trading as low as GBX 420 on Friday. Despite a market cap of £200.13 million, its P/E ratio stands at 3,230.77. The company announced an increased dividend of GBX 8.28 per share, payable December 20th to shareholders on record as of November 28th. Insider Elizabeth Dixon sold 50,000 shares at GBX 397 each.
Best Inverse ETFs of November 2024 Listed
A collection of the best inverse ETFs, including one-, two-, and three-times funds, has been revealed, aimed at investors seeking to profit from market declines across various sectors. Notably, the AXS Short Innovation Daily ETF (SARK) allows betting against ARKK, an innovation fund. These inverse ETFs, which involve significant borrowing and daily resetting, are designed for short-term trades by active, knowledgeable investors.
Extreme Networks Inc CEO Edward Meyercord Trades Company Stock
On November 1, 2024, Edward Meyercord, President and CEO of Extreme Networks Inc, engaged in stock transactions, buying and then selling 35,725 shares at prices of $6.40 and $14.96 respectively. Post-transactions, Meyercord holds 1,448,378 direct shares in the company.
Lebenthal Global Advisors Sells Shares of UWM Holdings Co.
Lebenthal Global Advisors LLC has sold 32.8% of its stake in UWM Holdings Co. during the third quarter, now owning 41,974 shares worth $358,000. Other investors also adjusted their UWM shares, while UWM's stock fluctuates, having a market cap of $601.39 million. The company recently declared a $0.10 quarterly dividend per share.
Ares Management Corporation Reports Q3 Earnings Beat
Ares Management Corporation announced a Q3 earnings beat on November 1, 2024, with an EPS of $0.95, surpassing estimates by $0.01, and revenue of $852.09 million, exceeding forecasts by $39.18 million. The earnings call featured CEO Michael Arougheti and CFO Jarrod Phillips.
Amazon Rally Boosts US Stock Indexes Amid Weak Jobs Report
On Friday, U.S. stocks rose, led by Amazon, which surged 6.6% after reporting strong profits. The S&P 500 increased by 0.7%, while the Dow Jones climbed 377 points. Weak job growth numbers reinforced expectations of an interest rate cut by the Federal Reserve next week. Despite poor job addition figures of only 12,000, the Fed is likely to cut rates further to support job market stability and avoid recession.
Oak Ridge Investments Reduces BJ’s Wholesale Club Holdings
Oak Ridge Investments LLC sold 2.7% of its BJ's Wholesale Club shares in Q3, leaving it with 44,920 shares valued at $3.7 million. Other investors adjusted their stakes, while BJ's CEO sold 11,000 shares at $79.40 each. The company's stock fluctuated with brokerages revising BJ's Wholesale Club price targets.
Market Analysts Issue Hold Rating for McCormick & Company Stock
Analysts give McCormick & Company a consensus 'Hold' rating, with varying opinions from 'Sell' to 'Strong Buy'. The year's target price is approximately $79.57. Recently, Bank of America and TD Cowen adjusted their price targets, rating it 'Buy' and 'Hold' respectively. The stock is trading with a 2.13% dividend yield. Institutional investors hold a significant portion of the company's stock.
Hartford Financial Management Reduces Carrier Global Stake
Hartford Financial Management Inc. has slightly reduced its stake in Carrier Global by 0.9% during the third quarter, now holding 22,368 shares worth $1.8 million. Similarly, other investors have adjusted their shares in the company. In related news, VP Ajay Agrawal sold over $4 million worth of Carrier stock. The stock’s performance shows steady prices and the company has announced a share buyback plan and a quarterly dividend payment.