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DT Midstream (NYSE: DTM) Announces $300 Million Public Offering to Finance Acquisition of Three Key Pipeline Assets
November 20, 2024 05:53 PM AEDT| By Team Kalkine MediaHighlights,DT Midstream proposes a $300 million public offering of common stock to fund strategic acquisition.,The acquisition includes Guardian Pipeline, Midwestern Gas Transmission Company, and Viking Gas Transmission Company.,The company diversifi...
McCormick (NYSE: MKC) Announces 7.1% Quarterly Dividend Increase, Celebrating 101 Years of Continuous Payments
November 20, 2024 05:51 PM AEDT| By Team Kalkine MediaHighlights,McCormick raises its quarterly dividend by 7.1%, from $0.42 to $0.45 per share.,The company marks its 101st year of uninterrupted dividend payments.,McCormick extends its streak to 39 consecutive years of dividend increases.,McCormick & Co...
Solidion Technology (NASDAQ: STI) Reports Q3 2024 Results: Technological Progress Amid Financial Losses
November 20, 2024 05:49 PM AEDT| By Team Kalkine MediaHighlights,Solidion secures a breakthrough 5-minute lithium battery charging patent.,Company signs a strategic MOU with Bluestar Materials Company.,Operating expenses rise due to third-party validation and new corporate treasury strategy.,Solidion Te...
X3 Holdings (Nasdaq: XTKG) Announces 1-for-20 Share Consolidation Effective November 22, 2024
November 20, 2024 05:45 PM AEDT| By Team Kalkine MediaHighlights:,X3 Holdings to implement a 1-for-20 reverse stock split.,Consolidation will adjust outstanding warrants and equity rights proportionally.,Stock will continue trading under the symbol ‘XTKG’ with a new CUSIP number.,X3 Holdings (Nasdaq: XT...
Nauticus Robotics (NASDAQ: KITT) Shakes Hands with SeaTrepid International to Revolutionize ROV Technology
November 20, 2024 05:37 PM AEDT| By Team Kalkine MediaHighlights,Nauticus secures a perpetual software license deal with SeaTrepid.,The partnership aims to implement autonomous station-keeping on ROVs.,Nauticus expects new recurring revenue streams from software maintenance.,Nauticus Robotics (NASDAQ: K...
Lawsuit for Elanco Animal Health (NYSE: ELAN) Investors: Contact Shareholders Foundation for More Information
November 20, 2024 05:30 AM AEDT| By Team Kalkine MediaHighlights:,A lawsuit is currently underway involving certain shareholders of Elanco Animal Health Incorporated (NYSE: ELAN).,The lawsuit claims that the company made false or misleading statements regarding its products, including Zenrelia and Crede...
Citigroup Analyst Predicts Positive Movement for Vertiv (NYSE:VRT) Stock
November 20, 2024 05:26 AM AEDT| By Team Kalkine MediaHighlights:,Citigroup raises Vertiv’s price target from $134 to $141, maintaining a "buy" rating on the stock.,Several other analysts, including JPMorgan, Mizuho, and Bank of America, have also raised their price targets for Vertiv.,The company repor...
Lawsuit Update: Shareholders Foundation Invites Long-Term Investors in Lincoln National Corporation (NYSE:LNC) to Reach Out
November 20, 2024 05:17 AM AEDT| By Team Kalkine MediaHighlights:,A lawsuit has been filed against Lincoln National Corporation alleging securities law violations.,The case stems from concerns about the company’s financial disclosures and overstated reserves.,Shareholders who purchased shares before Nov...
Top 3 Consumer Stocks That Could Drag Down Portfolio Value
November 20, 2024 05:14 AM AEDT| By Team Kalkine MediaHighlights:,Brinker International, Service Corporation International, and DoorDash are showing signs of overbought conditions.,The Relative Strength Index (RSI) values for these companies are well above 70, indicating momentum that could be unsustain...
Piper Sandler forecasts increase in Methanex (NASDAQ:MEOH) stock price
November 20, 2024 05:03 AM AEDT| By Team Kalkine MediaHighlights:,Piper Sandler raises Methanex's price target from $68 to $71, maintaining an "overweight" rating.,Analysts have mixed views, with several revising their price targets and ratings for the stock.,Methanex's stock has shown positive movement...
Key factors behind QuantumScape's stock surge today
November 20, 2024 04:57 AM AEDT| By Team Kalkine MediaHighlights:,HSBC upgrades QuantumScape to a "Hold" rating, increasing its price forecast by nearly 13%.,The company continues to make significant strides with its solid-state EV battery technology.,QuantumScape's partnership with Volkswagen’s PowerCo...
Energizer’s 13% stock jump driven by better-than-expected earnings and 2025 growth ambitions
November 20, 2024 02:30 AM AEDT| By Team Kalkine MediaHighlights:,Energizer reports fiscal 2024 earnings surpassing expectations, with adjusted EPS of $3.32, marking a 7% year-over-year increase.,The company’s Project Momentum initiative boosts gross margins by 190 basis points, reaching 40.9%.,For fisc...
Super Micro shares surge 29% after Nasdaq compliance plan fuels investor optimism
November 20, 2024 02:26 AM AEDT| By Team Kalkine MediaHighlights:,Super Micro Computer appoints BDO USA as new independent auditor and submits a compliance plan to Nasdaq.,Shares rise more than 29% in premarket trading, signaling investor confidence in a turnaround.,The company works to address governan...
Sayona Mining and Piedmont to develop $623 million lithium mining enterprise
November 20, 2024 02:17 AM AEDT| By Team Kalkine MediaHighlights:,Sayona Mining and Piedmont Lithium agree to merge in an all-stock transaction.,The deal consolidates operations in Canada and strengthens exposure to the North American electric vehicle (EV) market.,The combined entity will have an estima...
Wall Street under pressure ahead of earnings reports from major US retailers
November 20, 2024 02:13 AM AEDT| By Team Kalkine MediaHighlights:,U.S. stock futures show early losses, with the S&P 500 and Dow Jones both down.,Walmart reports strong earnings, while Lowe’s posts mixed results.,European markets struggle, while Asian indices show mixed performance.,U.S. stock futures w...
Banque Cantonale Vaudoise boosts holdings with 8,768 shares of McDonald's Corporation (NYSE:MCD)
November 20, 2024 02:08 AM AEDT| By Team Kalkine MediaHighlights:,Banque Cantonale Vaudoise raised its holdings in McDonald’s by 25.7% during Q3.,Institutional investors continue to adjust positions in McDonald's amid mixed analyst outlook.,McDonald's announces an increase in quarterly dividend alongsid...
SouthState Corp decreases its share position in Cisco Systems, Inc. (NASDAQ:CSCO)
November 20, 2024 02:04 AM AEDT| By Team Kalkine MediaHighlights:,SouthState Corp reduced its position in Cisco Systems by 18% during Q3.,Several institutional investors have made adjustments to their holdings in Cisco.,Analysts continue to have a mixed outlook on Cisco, with some upgrading ratings whil...
Akari Therapeutics fully complies with Nasdaq listing standards
November 20, 2024 01:59 AM AEDT| By Team Kalkine MediaHighlights:,Akari Therapeutics has cured its shareholder equity deficiency and regained compliance with Nasdaq Listing Rule 5550(b).,The company's scheduled Nasdaq hearing on November 21 has been canceled as a result of the resolution.,Akari remains...
Hormel Foods stock receives positive outlook from Wall Street analysts
November 20, 2024 01:53 AM AEDT| By Team Kalkine MediaHighlights:,Hormel Foods has underperformed the broader market with stock prices declining 8.4% YTD and 9.6% over the past year.,The company reported a 2.2% drop in net sales for Q3, primarily due to soft consumer demand and declining volumes in its...
Minerva Advisors LLC increases shareholding in The E.W. Scripps Company (NASDAQ:SSP)
November 20, 2024 01:50 AM AEDT| By Team Kalkine MediaHighlights:,Minerva Advisors LLC raised its stake in The E.W. Scripps Company by 48.5% during the third quarter.,The institutional investor now holds over 1.19 million shares of the company, making it one of its top 20 holdings.,As of the latest fili...
