UBS Group AG Reduces Position in Par Pacific Holdings, Inc. (NYSE:PARR)
UBS Group AG reduces position in Par Pacific Holdings, Inc. by 31.1% during third quarter, while other hedge funds make changes to their stakes. StockNews.com upgrades Par Pacific to ‘buy’ rating, UBS Group lowers price objective. NYSE PARR shares opened at $35.95 on Friday.
Telsey Advisory Group Forecasts Abercrombie & Fitch Co. Q2 2025 Earnings of $1.30 Per Share
Abercrombie & Fitch Co. (NYSE:ANF) is expected to report second quarter 2025 earnings of $1.30 per share, with Telsey Advisory Group raising their Q2 2025 earnings estimates for the apparel retailer. Other analysts have also issued research reports and price targets for ANF stock, with CFO Scott D. Lipesky recently selling 50,000 shares.
Dell Technologies’ Shares Surge Over 15% After-Hours on Q4 Earnings Beat
Dell Technologies’ shares surged by over 15% in after-hours trading following the release of its fourth-quarter results for fiscal 2024. The company exceeded analysts’ expectations, particularly in the demand for its artificial intelligence servers. Key figures include earnings per share of $2.20 adjusted versus $1.73 expected by LSEG, and revenue of $22.32 billion as opposed to the anticipated $22.16 billion by LSEG. Despite a decrease in revenue from the previous year, Dell reported a net income of $1.16 billion, marking an 89% increase from the same period in the prior year. The company also announced a 20% increase in the annual dividend, now standing at $1.78 per share. Dell anticipates reporting revenue between $21 billion and $22 billion for its first quarter and expressed optimism about AI momentum and returning to growth for fiscal 2025.
Insider Trading and Institutional Activity Surrounding Dell Stock in Q4 2023
Insiders, hedge funds, and politicians have been actively trading Dell stock (NYSE:DELL) in the fourth quarter of 2023. Congress members, company insiders, and institutions have made intriguing moves, including significant transactions by DODGE & COX and MICHAEL & SUSAN DELL FOUNDATION. These findings shed light on potential shifts in market sentiment and investment strategies, providing valuable insights into stock trading dynamics and market players’ involvement.
Investors Await C3.ai’s Earnings Report
Investors are eagerly awaiting the upcoming earnings report from C3.ai, a key player in the enterprise AI software industry. Despite initial success, C3.ai’s stock has faced skepticism and high short interest, with some analysts expressing doubts about its long-term prospects. C3.ai offers a wide range of enterprise AI applications, catering to various sectors including manufacturing, financial services, government, utilities, and defense. However, C3.ai’s recent financial performance has raised concerns among investors, with uncertainties about its path to profitability. As the enterprise AI sector continues to evolve, C3.ai’s earnings report will provide crucial insights into the company’s performance and its ability to navigate the competitive landscape.
New York Community Bancorp, Inc. (NYCB) Under Investigation for Potential Securities Law Violations
New York Community Bancorp, Inc. (NYCB) is under investigation for potential securities law violations, with investors who suffered losses encouraged to discuss their legal rights with Faruqi & Faruqi, LLP. The investigation stems from a federal securities class action alleging false and/or misleading statements and critical information nondisclosure regarding the Signature Bank acquisition and the company’s financial standing. Investors have until April 8, 2024, to seek the role of lead plaintiff in the federal securities class action and are encouraged to contact the firm directly to discuss their options.
AMC Entertainment Holdings Inc. Faces Challenges Amidst Plummeting Shares and Debt Obligations
AMC Entertainment Holdings Inc. faces plummeting shares, mounting debt, and declining box office revenues. Analysts emphasize the need for a resurgence in box office performance to address impending debt obligations. The company’s upcoming earnings report and strategies for navigating financial challenges will be closely watched by investors and industry observers.
Snowflake CEO Frank Slootman Retires, Stock Plummets
Snowflake CEO Frank Slootman announces retirement, stock plummets 24%. Former Google ad chief Sridhar Ramaswamy to succeed Slootman. Fourth-quarter financial results show 32% year-over-year increase in sales, but operating losses rise. Market reacts to retirement and financial results, signaling new phase of growth and opportunity for Snowflake.
Salesforce shares slip after modest revenue forecast for new fiscal year
Salesforce experiences slip in shares after issuing modest revenue forecast for fiscal year 2025, despite surpassing estimates for fiscal fourth quarter results. Company announces acquisition of Spiff and begins selling products on Amazon Web Services marketplace. Analysts’ expectations for fiscal year 2025 fall short, causing 6% decline in extended trading. Stay tuned for updates.
Teladoc (NYSE:TDOC) Misses Q4 Sales Targets, Stock Drops 13.2%
Teladoc Health (NYSE:TDOC) disappoints in Q4 FY2023 with 3.6% revenue growth, falling short of analyst estimates. The stock drops 13.2% as next quarter’s revenue guidance also misses expectations. With a market capitalization of $3.48 billion, the telemedicine platform faces questions about its future sales growth.