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American Coastal

American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary. The company has two segments namely: Commercial Lines Business and Personal Lines Business. It derives maximum revenue from Commercial Lines Business Segment.

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Michael Burry, the hedge fund manager renowned for predicting the 2008 financial crisis, has significantly increased his exposure to Chinese technology companies while simultaneously implementing protective measures against potential downside risks, according to regulatory filings.

&#39;Big Short&#39; Investor Michael Burry Doubles Down On Chinese Tech Stocks While Adding Protective Hedges

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UPS Posts Upbeat Q3 Results, Joins Tesla, Celestica, Pool, T-Mobile And Other Big Stocks Moving Higher On Thursday

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Hurricane Milton hits Florida, leaving millions without power. Insurance stocks rebound while chemical and generator companies see mixed trading.

Insurance Stocks Rebound As Investors Assess Hurricane Milton&#39;s Aftermath: 3 Stocks To Watch

American Coastal Insurance Corporation - Common Stock

American Coastal Insurance Corp

Mueller Industries To Replace Texas Pacific Land In S&P MidCap 400

Cannabis stocks reacted with mixed results on Thursday after Matt Gaetz <a href="https://www.benzinga.com/24/11/42119848/matt-gaetz-withdraws-name-from-ag-nomination-calls-sex-trafficking-controversy-a-distraction">withdrew his nomination</a> for U.S. Attorney General amid <a href="https://www.benzinga.com/news/legal/24/11/42078192/trumps-attorney-general-pick-matt-gaetz-resigned-from-congress-ethics-committee-to-decide-if-report-will-be-released">allegations</a> of sexual misconduct, drug use, lack of legal experience and more. Last week, President-elect Donald Trump <a href="https://www.benzinga.com/news/legal/24/11/41959036/trump-nominates-another-cannabis-supporter-to-cabinet-rep-matt-gaetz-for-attorney-general">nominated</a> Gaetz who is a long-time supporter of cannabis legalization. 
While Gaetz's exit may not be directly tied to the sector's performance, multi-state operators (MSOs) and cannabis ETFs recorded notable declines, reflecting ongoing investor jitters in a politically sensitive market.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
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<h3 class="wp-block-heading">MSOs Slides, Sector Faces Pressure</h3>
The AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>), often viewed as a benchmark for MSOs, dropped by -4.31%, closing at $4.56. This decline highlights the continued uncertainty in the cannabis space, as investors reassess the implications of a reshuffling political landscape.
Curaleaf Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTCQX">CURLF</a>), one of the largest MSOs in the U.S., shed -4.10%, finishing the day at $1.99. Trulieve Cannabis Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) was not far behind, falling -1.93% to $6.11. Meanwhile, Cresco Labs Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTCQX">CRLBF</a>) dropped -5.74%, closing at $1.15.While some MSOs struggled, Green Thumb Industries (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTCQX">GTBIF</a>) managed to stay in positive territory closing at $9.30.
<h3 class="wp-block-heading">Sundial Stands Out</h3>
Sundial Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) defied the broader sector trends, climbing 1.79% to end the day at $1.995. Other gainers included Tilray Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), which rose 1.94% to $1.315, and Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>), up 2.53% to $3.855.
<h3 class="wp-block-heading">Deep Declines&nbsp;</h3>
Thursday saw significant losses among smaller players, with Cansortium Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTCQX">CNTMF</a>) plunging -22.72%, closing at $0.0711. iAnthus Capital Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTCQX">ITHUF</a>) also struggled, dropping -11.43% to $0.00558.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/11/42122634/gop-bathroom-battle-cannabis-advocate-nancy-mace-will-stand-in-the-way-of-any-man-who-tries-to-get-into-womens-room">GOP Bathroom Battle: Cannabis Advocate Nancy Mace Will &#8216;Stand In The Way Of Any Man&#8217; Who Tries To Get Into Women&#8217;s Room</a>

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CNTMF

CRLBF

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

GTBIF

ITHUF

MSOS

SNDL

TCNNF

TLRY

Cannabis Stocks Feel The Burn: Matt Gaetz Bows Out As Trump's Attorney General Nominee

Texas Pacific Land  To Replace Marathon Oil In S&P 500

The price of leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to hit new all-time highs, breaking several records since the<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone"> 2024 presidential election.</a>
Investors who bought earlier this year or ahead of the election have generated strong profits, but nowhere near the gains that investors got being early believers in the cryptocurrency.
What Happened: In October 2008, pseudonymous&nbsp;Satoshi Nakamoto<a href="https://www.benzinga.com/markets/cryptocurrency/22/08/28349295/understanding-bitcoins-whitepaper" target="_blank" rel="noreferrer noopener">&nbsp;published a whitepaper</a>&nbsp;titled &#8220;Bitcoin: A Peer-to-Peer Electronic Cash System.&#8221; The whitepaper provided many key details and explained why Bitcoin was created.
In January 2009, Nakamoto mined the genesis block of the first 50 Bitcoins and the cryptocurrency was officially born.
When Bitcoin was released, there were only two ways to get the cryptocurrency: mine the Bitcoin yourself or use a peer-to-peer transaction.
Bitcointalk, a forum created by Nakamoto to host discussions on Bitcoin, was used for several transactions. The transactions were deemed risky at the time because they required trust from both parties and were mostly anonymous.
In October 2009, one of the first-ever recognized Bitcoin transactions happened when a Finnish computer science student sold 5,050 Bitcoin for $5.02 (which represented a value of $0.0009 for each Bitcoin), according to&nbsp;<a href="https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-history/" target="_blank" rel="noreferrer noopener">Forbes</a>. The transaction took place on&nbsp;PayPal.
Less than a year later in May 2010, one of the most famous Bitcoin transactions of all time — and what is widely believed to be the first retail transaction — took place when programmer&nbsp;Laszlo Hanyecz&nbsp;sought out a person to buy him pizza in exchange for Bitcoin. A person in England subsequently spent around $41 to buy pizza from Papa John&#8217;s for Hanyecz in exchange for 10,000 Bitcoin. This represented a value of around $0.0041 for each Bitcoin.
It wasn&#8217;t until 2011 and after the launch of several major crypto exchanges that the cryptocurrency hit a price of $1.
In 2021, Bitcoin&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36083106/heres-how-much-100-invested-in-bitcoin-today-will-be-worth-if-crypto-hits-new-all-time-hig" target="_blank" rel="noreferrer noopener">hit an all-time high</a>&nbsp;of $68,789.63 as part of a year that saw increased interest in the leading cryptocurrency and many other cryptocurrencies.
In 2022, Bitcoin and other cryptocurrencies fell in value and interest with several notable cryptocurrency trading platforms declaring bankruptcy.
The<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36514679/wall-street-enters-the-crypto-age-sec-issues-historic-approval-of-spot-bitcoin-etfs" target="_blank" rel="noreferrer noopener">&nbsp;approval of Bitcoin ETFs&nbsp;</a>in 2024 has led to increased interest in Bitcoin once again and a surge in the price of the leading cryptocurrency.
Fast forward to today and Bitcoin is trading near the $100,000 milestone with a current price of $98,093.47 at the time of writing. Bitcoin hit a new all-time high of $99,014.21 earlier on Nov. 21, 2024.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36471920/happy-birthday-bitcoin-15-fun-facts-about-leading-cryptocurrency">Happy Birthday Bitcoin: 15 Fun Facts About Leading Cryptocurrency</a>
Investing $1 in Bitcoin:&nbsp;Using the early transactions referenced above, a hypothetical investment in the early days could have provided quite the return for its holder, or in this case a &#8220;hodler.&#8221;
A $1 investment in Bitcoin at the time of the first transaction on PayPal would have netted 1,111.1111 Bitcoin.&nbsp;That investment would be worth $108,992,743.36 today based on a price of $98,093.47 for Bitcoin at the time of writing.
In contrast, a $1 investment in Bitcoin at the time of the Bitcoin-pizza transaction could have bought 243.9024 Bitcoin.&nbsp;That investment would be worth $23,925,232.76 today based on the same price of $98,093.47 for Bitcoin at the time of writing.
While investing in Bitcoin today might never be worth millions of dollars in the future, the hypothetical investment illustrated the large increase in the value of the leading cryptocurrency over time. Ark Invest CEO Cathie Wood<a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached"> has a price target </a>of $3.8 million for Bitcoin by 2030.
A fixed supply of 21 million Bitcoin could also lead to further increases in the asset&#8217;s price as more people seek to take positions.
Many have predicted Bitcoin&#8217;s death over the years, but the cryptocurrency remains the leader in the space and has a market capitalization of over $1 trillion today.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/events/24/11/42071064/exclusive-anthony-pompliano-calls-for-us-to-buy-250b-bitcoin-on-day-1-of-trump-administration-protect-our-future-its-such-a-no-brainer">EXCLUSIVE: Anthony Pompliano Calls For US To Buy $250B Bitcoin On Day 1 Of Trump Administration: &#8216;Protect Our Future, It&#8217;s Such A No Brainer&#8217;</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

If You Bought $1 Worth Of Bitcoin At Launch, Here's How Much You'd Have Today

Jefferies analyst Omar Nokta maintains ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) with a Hold and raises the price target from $25 to $28.

Price Target

Analyst Ratings

Jefferies Maintains Hold on ZIM Integrated Shipping, Raises Price Target to $28

Jefferies analyst Thomas Chong maintains PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) with a Buy and lowers the price target from $181 to $171.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Jefferies Maintains Buy on PDD Holdings, Lowers Price Target to $171

Jefferies analyst Stephanie Wissink maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $105 to $110.

Jefferies Maintains Buy on BJ's Wholesale Club, Raises Price Target to $110

Logistic Properties Of The Americas Inks A USD-Denominated Lease For 41,226 Square Feet At Parque Logístico Callao With A Third-party Logistics Provider

The award of this two-year project is expected to generate revenue for the Company of approximately $125 million. The project is set to begin January 2025 with completion expected in October 2026.&nbsp;

Contracts

North American Construction Says Mikisew North American Limited Partnership Has Secured A Heavy Civil Construction Contract From A Producer In The Oil Sands Region

Compass Point analyst Chase White downgrades MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) from Buy to Neutral and announces $25 price target.

Downgrades

MARA

Compass Point Downgrades MARA Holdings to Neutral, Announces $25 Price Target

Cryptocurrency markets are trading higher, with Bitcoin approaching $100,000, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122387/solana-soars-10-reaches-new-all-time-high-market-cap-what-is-going-on">Solana ETF talks</a> picking up steam and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122141/xrp-price-up-8-what-is-going-on-with-ripple">XRP gaining</a> on Gary Gensler announcing his resignation on Donald Trump&#8216;s inauguration day.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td> $97,986</td>
<td>+3.1%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td> $3,348</td>
<td>+8.7%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td> $253.64</td>
<td>+7.1%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td> $0.3841 </td>
<td>+1.9%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td> $0.00002454 </td>
<td>+2.2%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 8.5% and daily active addresses up by 0.4%. Transactions greater than $100,000 are up from 11,911 to 13,321 in a single day. Exchanges netflows are down by 89%.</li>
<li>Coinglass data reports 139,421 traders were liquidated in the past 24 hours for $469.70 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121936/bitcoin-boom-20-microstrategy-gains-traction-as-a-leveraged-bet-on-crypto-growth">Bitcoin Boom 2.0? MicroStrategy Gains Traction As A &#8216;Leveraged Bet&#8217; On Crypto Growth</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">Coinbase CEO Brian Armstrong &#8216;Stands Out&#8217; As Candidate For Donald Trump&#8217;s Reported &#8216;Crypto Czar&#8217; Position, Cardano Co-Founder Says</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">Gary Gensler To Step Down As SEC Chair On Trump&#8217;s Inauguration Day</a></li>
<li><a href="https://www.benzinga.com/24/11/42103633/chinese-court-affirms-cryptocurrency-ownership-as-legal-as-bitcoin-breaks-97k">Chinese Judge Cites &#8216;High-Pressure Crackdown&#8217; On Speculation In Judgment Declaring Crypto Ownership Legal As Bitcoin Moves Past $97K</a></li>
<li><a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a></li>
<li><a href="Core%20Fusion%20Upgrade%20Introduces%20Dual%20Staking%20And%20Liquid%20Bitcoin%20Staking">Core Fusion Upgrade Introduces Dual Staking And Liquid Bitcoin Staking</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Optimism (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">OP</a>)</td>
<td> $2.10</td>
<td>+26.3%</td>
</tr>
<tr>
<td>Arbitrum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ARB</a>)</td>
<td> $0.79</td>
<td>+26.2%</td>
</tr>
<tr>
<td>Starknet (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">STRK</a>)</td>
<td> $0.5031</td>
<td>+18.6%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices chasing the all-time high levels, crypto trader Kaleo <a href="https://x.com/CryptoKaleo/status/1859451257615757647">tweeted</a> "Bitcoin is currently one Ethereum away from $100,000."
Benjamin Cowen explained Bitcoin is tracking the average returns of prior halving years and if this trend continues Bitcoin could reach $120,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> is currently tracking the average returns of prior halving years. If the trend continues it would put <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> around $120k <a href="https://t.co/FFGKs9a0Jc">pic.twitter.com/FFGKs9a0Jc</a>
&mdash; Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1859683231089729885?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto trader Kevin explained that despite BTC nearing $100,000, there is minimal hype compared to the 2020-2021 bull run. 
He highlights a lack of live streams, sensational thumbnails, and low engagement across platforms, along with muted sentiment on Google Trends.
He <a href="https://x.com/Kev_Capital_TA/status/1859678748683231451">believes</a> investors' focus on altcoins and frustration with lack of movement could be one factor while market not reaching euphoric stage could signal still far away from cycle's peak.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">Michael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail &#8216;Massive Hyperinflation,&#8217; Analyst Warns</a></li>
</ul>
Image: Shutterstock

$ARB

$DOGE

$ETH

$SHIB

$SOL

$STRK

Bitcoin, Ethereum, Dogecoin Prepping For An Early Thanksgiving: 'BTC Is Currently (Less Than) One ETH Away From $100,000,' Says Trader

It is payable on December 31, 2024, to the shareholders of record at the close of business on December 13, 2024.

Dividends

STEL

Stellar Bancorp Boosts Quarterly Cash Dividend From $0.13 To $0.14 Per Share

Denmark is poised to cement its place as a leader in <a href="https://www.benzinga.com/topic/medical-cannabis">medical cannabis</a> regulation. On November 19, Minister of the Interior and Health Sophie Løhde <a href="https://www.ism.dk/nyheder/2024/november/regeringen-vil-goere-ordning-med-medicinsk-cannabis-paa-recept-permanent">proposed</a> making the country's medical cannabis trial scheme permanent, a bold move following <a href="https://www.benzinga.com/markets/cannabis/23/10/35346758/europes-high-irish-gps-against-pot-switzerland-spain-share-data-on-cannabis-clubs-more">years of steady growth</a> in patient participation.
<h4 class="wp-block-heading">Medical Cannabis Success in Denmark</h4>
The trial scheme, introduced in 2018, aimed to provide patients with conditions such as multiple sclerosis and cancer access to medical cannabis treatments. Extended in 2021, the program is set to expire at the end of 2025. However, its success has been undeniable. Over the last three years, more than 20,000 prescriptions have been redeemed, and approximately 1,800 patients are currently benefiting from cannabis-based medicines.
Minister Løhde highlighted the program&#8217;s impact: "We see that many patients who receive medical cannabis prescriptions appear to benefit from the treatment. This includes cancer patients suffering from severe nausea after chemotherapy and people with multiple sclerosis experiencing intense pain."
<h4 class="wp-block-heading">The Road to Permanency</h4>
The government's proposal reflects its commitment to ensuring continued legal access to medical cannabis for patients. Minister Løhde emphasized the need for collaboration, stating, "We first need to hear the perspectives of the parties involved in the agreement."
On November 19, Løhde invited representatives from political groups behind the original agreement—SF, Liberal Alliance, Red-Green Alliance, Danish People&#8217;s Party, and the Alternative—to discuss the scheme's future.
<h4 class="wp-block-heading">Industry Support</h4>
Denmark's cannabis industry also welcomed the news. Thomas Skovlund Schnegelsberg, CEO of Danish MMJ producer Stenocare, expressed optimism about the proposal. "It is excellent news for patients and Stenocare that the government is now taking steps toward permanent legalization. We are confident that the future of medical cannabis treatment is in good hands," adding that "the permanent legalization will establish a clear framework for the future, offering clarity beyond December 2025 and justifying investments in new products that deliver value to both doctors and patients."
As negotiations unfold, Denmark appears ready to solidify its role as a pioneer in regulated medical cannabis, offering hope and legal options to patients across the country.
Cover image made with AI

Psychedelics

Regulations

Eurozone

Denmark Moves Toward Permanent Medical Cannabis Program

Pareto Securities analyst Eirik Haavaldsen downgrades Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) from Buy to Hold and announces $12.5 price target.

GOGL

Pareto Securities Downgrades Golden Ocean Group to Hold, Announces $12.5 Price Target

ZVRA

Zevra Therapeutics Says MIPLYFFA, The First Treatment Approved By FDA For  Treatment Of Nieman Pick Disease Type C, Is Now Commercially Available For Dispense

Connexa Sports Technologies Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) is pleased to announce that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector, taking its overall stake in YYEM to 70% and received Nasdaq confirmation that post-acquisition trading of YYAI will commence at the market opening tomorrow morning on November 22, 2024.
As a result of the acquisition, Connexa has now undergone a change of control, appointed new officers, new directors, and effected a spin-off of the Slinger Bag business.

Connexa Sports Technologies Inc. - Common Stock

YYAI

Connexa Sports Announces It Has Closed The Acquisition Of A Further 50% Ownership Stake In Yuanyu Enterprise Management Co., Taking Its Overall Stake In YYEM To 70% And Received Nasdaq Confirmation That Post-Acquisition Trading Of YYAI Will Commence At The Market Opening Tomorrow Morning On November 22, 2024

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported its second-quarter results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/b42123040/netapp-reports-second-quarter-of-fiscal-year-2025-results">details from the report. </a>
The Details: NetApp reported quarterly earnings of $1.87 per share, which beat the analyst consensus estimate of $1.78. Quarterly revenue came in at $1.65 billion, which beat the analyst consensus estimate of $1.64 billion and is an increase over revenue of $1.56 billion from the same period last year.
The company reported: 
<ul>
<li>Hybrid Cloud segment revenue of $1.49 billion, compared to $1.41 billion in the second quarter of fiscal year 2024. Public Cloud segment revenue of $168 million, compared to $154 million in the second quarter of fiscal year 2024.</li>
<li>Billings of $1.59 billion, compared to $1.45 billion in the second quarter of fiscal year 2024, a year-over-year increase of 9%.</li>
<li>Record all-flash array annualized net revenue run rate of $3.8 billion, an increase of 19% year-over-year.</li>
<li>First party and marketplace cloud storage services revenue grew approximately 43% year-over-year.</li>
<li>Record second quarter non-GAAP operating margin of 29%. </li>
<li>Returned $406 million to stockholders through share repurchases and cash dividends. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
&#8220;Our strong Q2 performance was driven by another record-breaking quarter in all-flash storage and strong performance in first party and marketplace cloud storage services,&#8221; said George Kurian, CEO of NetApp. 
&#8220;Broad-based customer preference for our intelligent data infrastructure platform and visionary approach for a data-driven future has enabled us to outgrow the market and take share from competitors. Our focus and momentum fuel my confidence in our ability to deliver outstanding results for customers and shareholders,&#8221; Kurian added. 
NTAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, NetApp shares are up 4.16% after-hours at $131.95 at the time of publication Thursday. 
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</ul>
Photo: Courtesy of NetApp, Inc.

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NetApp Stock Climbs After Better-Than-Expected Q2 Results

Cryptocurrency Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has soared over the past week, but remains well below the all-time highs <a href="https://www.benzinga.com/24/11/42018208/bitcoin-ethereum-dogecoin-pepe-shiba-inu-benzinga-readers-pick-this-crypto-to-have-the-biggest-gain-before-end-of-2025">set back in 2021.</a>
While Ethereum&#8217;s gains in 2024 are less than those of other cryptocurrencies, the second-largest crypto still trades significantly higher than when it launched in 2015.
What Happened: Ethereum co-founder Vitalik Buterin proposed the digital currency via a 2014 white paper, with the goal of adding scripting to make it easier for application development and to <a href="https://www.benzinga.com/markets/cryptocurrency/21/09/22811912/5-things-you-might-not-know-about-ethereum-creator-vitalik-buterin-3" target="_blank" rel="noreferrer noopener">set up binding contracts.</a>
Ethereum was officially launched on July 30, 2015. During its first calendar year, Ethereum traded between $0.42 and $1.39 with a starting price of around $0.74 according to&nbsp;<a href="https://www.sofi.com/learn/content/ethereum-price-history/" target="_blank" rel="noreferrer noopener">SoFi</a>. The first Ethereum transaction was carried out on Aug. 7, 2015,&nbsp;<a href="https://www.globaldata.com/data-insights/financial-services/ethereums-price-history/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to Global Data.
Ethereum gained momentum thanks to its listing on cryptocurrency platform&nbsp;Coinbase Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>). It became the second-ever cryptocurrency, after&nbsp;Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), to be listed on the platform.
Over the years there have been several major events and updates to Ethereum including the fork of Ethereum 2.0 and&nbsp;Ethereum Classic&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>).
Ethereum saw increased attention and a surge in valuation related to the boom of non-fungible tokens in 2021. Many of the NFTs were built on the Ethereum blockchain, including&nbsp;CryptoPunks&nbsp;and&nbsp;Bored Ape Yacht Club. A record sale of a&nbsp;Beeple&nbsp;NFT&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/03/20134939/beeple-nft-sold-for-a-record-69-million" target="_blank" rel="noreferrer noopener">created interest in NFTs&nbsp;</a>and Ethereum.
Today, Ethereum is the second most valuable cryptocurrency with a market capitalization of $403.1 billion.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42095265/4-reasons-why-ethereum-will-still-outperform-bitcoin-analyst-sees-4000-to-6000-as-target">4 Reasons Why Ethereum Will Still Outperform Bitcoin—Analyst Sees $4,000 To $6,000 As Target</a>
Investing $1,000 in Ethereum:&nbsp;An investment in the second largest cryptocurrency the year it launched would have generated a strong return for investors.
While it was harder to invest in Ethereum prior to its inclusion on major cryptocurrency exchanges, investors were able to purchase the crypto after it launched.
Based on a starting price of $0.74, an investor could have purchased 1,351.35 ETH at the time of launch.
The $1,000 investment in Ethereum at launch would be worth $4,512,009.00 today based on a price of $3,338.89 at the time of writing.
At its all-time high of $4,815 set in November 2021, the $1,000 investment in Ethereum at the time of launch would have been worth $6,506,750.25.
Ethereum has traded between $1,988.12 and $4,092.28 over the last 52 weeks. There is no guarantee that the cryptocurrency will return to yearly or all-time highs.
While many missed out on investing in Ethereum in the early days, the exercise shows that sometimes investing a small amount in a high-conviction idea can have a huge payout in the future.
Ethereum is nearing its one-year high and could be headed towards its all-time high set on Nov. 16, 2021.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/21/10/23210010/the-butterfly-effect-heres-the-crazy-story-of-how-world-of-warcraft-led-to-the-creation-2">The Butterfly Effect: Here&#8217;s The Crazy Story Of How World Of Warcraft Led To The Creation Of Ethereum</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

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If You Invested $1,000 In Ethereum At Launch, Here's How Much You'd Have Today

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