Latest news for AlphaTime Acq (NASDAQ:ATMCU) Stock

AlphaTime Acquisition Corp is a blank check company in Cayman Islands. The company is incorporated of the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

AlphaTime Acquisition Corp

Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) shares are trading higher Thursday following reports the company is targeting higher <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42680713/tesla-toyota-and-3-stocks-to-watch-heading-into-thursday">return-on-equity</a>. 
What To Know: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-26/toyota-shares-gain-second-day-after-report-on-roe-target?embedded-checkout=true">report</a> citing Nikkei Asia, Toyota shares jumped on Thursday morning on reports the Japanese automaker is planning to significantly increase its target for return-on-equity. 
A Toyota executive reportedly said the company plans to double its target to around 20%, although the unspecified executive noted that the company has not set an &#8220;explicit target&#8221; or deadline for its goal.
"The company would need to boost earnings from the value chain, in order to further propel profit margins upward," Morgan Stanley MUFG Securities analyst Shinji Kakiuchi reportedly said in a new note.
"We'll also be watching for Toyota, as a part of moves to improve capital efficiency, to take funds from selling its equity holdings to bolster shareholder returns further."
See Also: <a href="https://www.benzinga.com/24/12/42681352/us-futures-tumble-after-christmas-break-but-analysts-still-expect-a-santa-claus-rally">US Stocks Likely To Open In Red After Christmas Break But Analysts Still Expect A Santa Rally Into The New Year</a>
<h3 class="wp-block-heading">Is TM A Good Stock To Buy?</h3>
When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.
Toyota Motor has reported average annual revenue growth of 6.86% over the past five years.
It's also important to pay attention to valuation when deciding whether to buy a stock. Toyota Motor has a forward P/E ratio of 9.49. This means investors are paying $9.49 for each dollar of expected earnings in the future. The average forward P/E ratio of Toyota Motor's peers is 37.96.
Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out <a href="https://pro.benzinga.com">Benzinga PRO</a>. 
TM Price Action:<a href="http://benzinga.com/quote/tm"> Toyota Motor shares</a> were up 7.48% at $195.01 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

News

Movers

Toyota Motor Stock Is Trading Higher Thursday: What's Driving The Action?

SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) shares are rocketing on Thursday after it disclosed that AutoMax Motors Ltd., an Israeli automotive importer and distributor with which it has a merger agreement, has received its $13 million first delivery of JAC vehicles from <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42681304/scisparc-automax-announces-13-million-first-delivery-of-jac-vehicles-following-regulatory-approval" rel="noreferrer noopener">Anhui Jianghuai Automobile Group Co., Ltd</a>. (JAC Motors).
This marks a key milestone in AutoMax&#8217;s direct import and distribution operations initiated earlier this year under agreements with JAC Motors.
With regulatory approvals in place, AutoMax is set to begin marketing and sales activities for JAC Motors vehicles across Israel.
SciSparc has provided financial support to AutoMax, enabling the resources necessary to facilitate the JAC Motors transaction.
As part of its growth strategy, SciSparc entered into a merger agreement with AutoMax in April 2024.
If completed, this merger would expand SciSparc into the automotive sector, subject to shareholder approval and other closing conditions.
This month, SciSparc disclosed an amendment to its non-binding letter of intent (LOI) regarding the spin-off of its advanced clinical-stage pharmaceutical portfolio and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42505822/scisparc-provides-updates-on-status-of-spin-off-of-its-advanced-clinical-stage-pharmaceutical-port" rel="noreferrer noopener">equity stake in </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42505822/scisparc-provides-updates-on-status-of-spin-off-of-its-advanced-clinical-stage-pharmaceutical-port" rel="noreferrer noopener">SciSparc Nutraceuticals Inc</a>.
Price Action: SPRC shares are trading higher by 256% at $0.7874 premarket at the last check Thursday.
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Equities

Small Cap

SPRC

SciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment

Offerings

AMPG

AmpliTech Group Prices $5.8M Registered Direct Offering For 1.87M Shares At $3.10 Per Share To Support Growth Initiatives

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>LUNR</li>
<li>AMD</li>
<li>ACHR</li>
<li>QQQ</li>
<li>$BTC</li>
<li>MSTR</li>
<li>PLTR</li>
<li>GOOGL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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TSLA

Top 10 Trending Stocks On WallStreetBets As Of December 26, 2024 (Via Swaggy Stocks)

UBS analyst Jay Sole reiterates Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Neutral and maintains $73 price target.

Price Target

Reiteration

Analyst Ratings

UBS Reiterates Neutral on Nike, Maintains $73 Price Target

In the current market session, Domino's Pizza Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) share price is at $431.24, after a 0.06% increase. Moreover, over the past month, the stock fell by 9.49%, but in the past year, increased by 4.55%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1735222516_0.png" alt="Past Year Chart" />

<h3>Domino's Pizza P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Domino's Pizza has a lower P/E than the aggregate P/E of 81.76 of the Hotels, Restaurants &amp; Leisure industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735222516_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

Price Over Earnings Overview: Domino's Pizza

WIIM

OPTN

OptiNose shares are trading lower after the company announced a 1-for-15 reverse stock split.

<a target="_blank" href="https://www.benzinga.com/topic/big-banks?page=5" rel="noreferrer noopener">Major U.S. banks</a>, including JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), filed a lawsuit against the Federal Reserve on Tuesday, challenging the transparency of its annual stress test procedures.
Leading banking and business organizations, including the Bank Policy Institute (BPI), American Bankers Association (ABA), U.S. Chamber of Commerce, Ohio Bankers League, and Ohio Chamber of Commerce, joined the <a target="_blank" href="https://bpi.com/banks-and-business-groups-file-legal-challenge-against-federal-reserve-over-flawed-stress-testing-framework/" rel="noreferrer noopener">lawsuit </a>against the Federal Reserve. These tests, which assess banks&#8217; resilience during economic crises, are a cornerstone of financial risk management. However, the plaintiffs argue that the current system violates federal law by excluding required public input.
The litigation addresses long-standing concerns about the opacity of the Federal Reserve&#8217;s stress testing procedures, which the plaintiffs claim lead to excessive and volatile capital requirements. These charges, they say, hinder banks&#8217; ability to lend, support households and businesses, and contribute to economic growth. While acknowledging the importance of stress testing, the groups emphasize the need for reforms to create a fairer and more predictable regulatory environment.
Greg Baer, CEO of the BPI, stated that the current regime results in inaccurate and excessive capital charges, which reduce lending and stifle economic growth.
Rob Nichols, CEO of the ABA, criticized the stress tests for shielding critical supervisory models from public scrutiny.
Michael Adelman, CEO of the Ohio Bankers League, stressed that the lawsuit is about enforcing compliance with federal laws.
Tom Quaadman of the U.S. Chamber of Commerce highlighted the detrimental effects of the current system on small businesses, which rely on bank lending for growth.
The lawsuit follows the Fed&#8217;s <a href="https://www.federalreserve.gov/newsevents/pressreleases/bcreg20241223a.htm">recent </a>announcement to overhaul its stress test regime and seek public input on proposed changes in early 2025, the Wall Street Journal <a href="https://www.wsj.com/finance/regulation/banks-sue-federal-reserve-over-lack-of-transparency-in-stress-testing-0db6a002" target="_blank" rel="noreferrer noopener">reports</a>.
The lawsuit highlights the economic implications of unexpected capital burdens, stating they could impose &#8220;billions of dollars&#8221; in costs and negatively impact the broader economy.
The banks also noted that a statute of limitations on stress-test rule changes will expire in February, prompting their decision to file the suit now.
The latest test assessed how banks would manage a 40% decline in commercial real estate prices and a 36% drop in house prices.
The Federal Reserve evaluates these results to determine the total capital banks need to absorb potential losses, the Financial Times <a target="_blank" href="https://www.ft.com/content/56def327-dbf7-42f1-8aba-218259ebd4a1" rel="noreferrer noopener">reports</a>.
Since the 2008 financial crisis, banks have faced increased regulatory scrutiny, including stringent capital requirements.
Executives like Jamie Dimon of JPMorgan Chase and Brian Moynihan of Bank of America have criticized these rules for driving financial activities into less transparent markets.
The Federal Reserve&#8217;s Vice Chair for Supervision, Michael Barr, had proposed raising capital requirements for large banks but delayed those plans following industry opposition.
Six leading <a target="_blank" href="https://www.benzinga.com/government/24/06/39506407/6-biggest-us-banks-ramp-up-buybacks-undeterred-by-stress-tests" rel="noreferrer noopener">U.S. banks, including</a> JPMorgan Chase, Bank of America, Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and Citigroup repurchased over $14 billion in shares in the first quarter.
In June, Bank of America analyst Ebrahim H. Poonawala criticized the Federal Reserve&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39531404/bank-of-america-analyst-highlights-fed-stress-test-opacity-varying-bank-impacts-gol" rel="noreferrer noopener">stress test process</a>, highlighting its &#8220;inherent opacity.&#8221; These evaluations, which assess banks&#8217; resilience under severe economic scenarios, revealed varying impacts on capital requirements. Poonawala noted that while banks demonstrated adequate buffers, the tests showed higher-than-expected losses.
In June, JPMorgan analyst Vivek Juneja analyzed the Federal Reserve&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39536951/bank-stress-tests-much-bigger-surprise-than-expected-will-delay-future-investment-p" target="_blank" rel="noreferrer noopener">annual stress test results</a>, highlighting larger-than-expected increases in stress capital buffers for major banks. He noted that the elevated capital requirements could delay or reduce long-term capital return strategies for these institutions.
Image via Shutterstock.

Legal

Media

Banks And Business Groups Challenge Fed's Stress Test Rules

As of Dec. 26, 2024, two stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">CorVel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVL#NASDAQ">CRVL</a>)</h3>
<ul>
<li>On Dec. 24, CorVel announced the effectiveness of three-for-one forward stock split. The company's stock surged around 38% over the past six months and has a <a href="https://www.benzinga.com/quote/CRVL">52-week high of $125.52</a>.</li>
<li>RSI Value: 84&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CRVL Price Action: Shares of CorVel closed at $115.82 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">SES AI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>)</h3>
<ul>
<li>On Oct. 31, SES AI posted third-quarter GAAP loss of 9 cents per share. &#8220;SES AI achieved several milestones in the third quarter, including building revenue pipeline from UAM and drones including with one of the world&#8217;s largest wireless communication providers, SoftBank. We also passed the GB38031-2020 global EV industry safety tests for its 100Ah Li-Metal cells, a major step towards C-samples and start-of-production for EV,&#8221; stated Dr. Qichao Hu, Founder and CEO. &#8220;Our ‘All-in on AI strategy&#8217; continues to power our success with our first revenue using our AI-accelerated battery material discovery expected in the fourth quarter of 2024 this year.&#8221; The company's stock gained around 82% over the past five days and <a href="https://www.benzinga.com/quote/SES">has a 52-week high</a> of $1.92.</li>
<li>RSI Value: 79</li>
<li>SES Price Action: Shares of SES closed at $0.71 on Tuesday.</li>
</ul>
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Short Ideas

Pre-Market Outlook

CRVL

Top 2 Health Care Stocks You May Want To Dump This Quarter

HGTV home renovation stars Jonathan and Drew Scott – best known as <a href="https://www.benzinga.com/real-estate/24/10/41601236/property-brothers-say-in-20-years-no-young-person-will-be-able-to-afford-a-home">the Property Brothers –</a> are fearful that Trump&#8217;s proposed tariffs could send construction costs soaring.
The brothers' native Canada, along with Mexico, has been in the President-elect&#8217;s tariff crosshairs, threatening that if both countries don&#8217;t stop the flow of migrants and drugs into the U.S., they will be hit economically through trade tariffs.
&#8220;Jonathan and I love the idea of domestic-made products,&#8221; real estate agent Drew Scott, one-half of the 6ft 5&#8243; identical twins, told<a href="https://www.bloomberg.com/news/features/2024-12-17/property-brothers-turned-reality-tv-home-renovation-craze-into-a-business-empire"> </a>Bloomberg. &#8220;There is a balance we need to strike,&#8221; Jonathan, the contractor of the two, added. &#8220;Blanket tariffs are not good for any economy,&#8221; he said. If those tariffs include essential building products such as steel and lumber, the results could be devastating for homeowners looking to renovate and the construction industry, causing newly built homes to increase prices sharply.
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<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>
<h2 class="wp-block-heading">A $2.8 Billion Home Goods Empire and $200 Million Net Worth</h2>
The Scott Brothers have a lot at stake. They have a $2.8 billion home goods brand empire but, as TV hosts, they also have the added benefit of not simply relying on selling products to pay the bills. &#8220;We&#8217;ve made money in every kind of market possible,&#8221; Drew said. &#8220;Upmarket, down markets, buyer&#8217;s seller&#8217;s markets, it doesn&#8217;t matter.&#8221;
The brothers feel that extensive renovation projects and house flips will likely take a back seat in 2025 if interest rates do not come down. A trade war will only exacerbate things. The Scotts have plenty of outlets to invest their $200 million (according to Celebrity Net Worth) net worth if house flips falter.
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
<h2 class="wp-block-heading">Endorsement Magnets And Multiple Real Estate Reality TV Shows</h2>
They have created a fixer-upper reality TV empire, with dozens of HGTV shows, books and even a cruise under their umbrella. In addition, the Scotts have, according to Variety,<a href="https://variety.com/2022/tv/news/property-brothers-interview-billion-dollar-lifestyle-empire-1235439674/"> </a>multiple endorsements, appearing in ads for <a href="https://www.benzinga.com/news/24/12/42489378/whats-going-on-with-jpmorgan-chase-shares">Chase Bank</a>, LendingTree, ADT security, Dish Network and American Family Insurance, to name a few. The LA-based production company, Scott Brothers Entertainment, is home to their many TV shows. At the same time, their retail and e-commerce home-furnishing product lines are ubiquitous in multiple retail outlets such as Living Spaces, Macy's, <a href="https://www.benzinga.com/insights/options/24/12/42619016/home-depots-options-frenzy-what-you-need-to-know">Home Depot</a>, Lowe&#8217;s, Wayfair and Amazon. They also have a &#8220;Property Brothers Home Design&#8221; mobile app that debuted in 2019 with publisher Storm8. Everything is housed under their multibillion-dollar business, Scott Brothers Global.
<h2 class="wp-block-heading">A Venture Capital Fund</h2>
In addition, the brothers have created The Healthy Home Innovation Fund, a VC fund for home-related businesses and innovations.
&#8220;We said, &#8216;Well, why don&#8217;t we create a fund where we&#8217;re actually putting our money where our mouth is, find these young talents, get their ideas through our machine and to the next level?'&#8221; Jonathan told<a href="https://www.inc.com/chloe-aiello/the-property-brothers-built-a-multibillion-dollar-empire-now-theyre-helping-other-entrepreneurs.html"> I</a>nc.com. &#8220;And that&#8217;s the goal.&#8221;
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The brothers founded the Healthy Home Innovation Fund with GroundBreak Ventures and partner Sanders Lee in 2024. It is raising $50 million to $80 million to deploy to startups developing the latest technology for sustainable home improvement.
&#8220;Whether it&#8217;s decarbonizing your house, heat pumps, air quality in your home, how you transact, buy, sell, renovate or design – anything that touches home fits our pillars,&#8221; Drew added, explaining that he and Jonathan are &#8220;leveraging our brand and our facial awareness to help scale up some of these startups to really make them known, so we can bring the price points down to make it feasible for families.&#8221;
Tariffs or not, the Property Brothers' home renovation empire seems unlikely to crumble anytime soon.
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Real Estate

The Property Brothers Fear Trump's Tariffs Could Send Construction Costs Soaring

Meiwu Technology shares are trading lower. The company regained Nasdaq compliance.

NNDM

Nano Dimension shares are trading higher after the company announced a CEO transition.

SNAL

Snail shares are trading higher after Snail Games USA announced the launch of 'ARK: Ultimate Mobile Edition worldwide' on App Store and Google Play Store.

Snail Games Expands ARK Franchise With Launch Of ARK: Ultimate Mobile Edition And Updates To ARK: Extinction Ascended And Bob's Tall Tales: Wasteland War; Hits 1M Mobile Downloads In 24 Hours And 62% DAU Surge On Steam During Launch Weekend

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
Shares of MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell sharply in today's pre-market trading following the company's announcement to issue more shares to finance additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) acquisitions. This move aligns with MicroStrategy's ongoing strategy to <a href="https://www.benzinga.com/quote/MSTR">bolster its Bitcoin reserves</a>.
MicroStrategy shares fell 3.5% to $345.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) shares dipped 10.1% to $10.01 in pre-market trading.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) declined 10% to $10.21 in pre-market trading.</li>
<li>Design Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) fell 8.6% to $5.80 in pre-market trading.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) fell 8.6% to $11.21 in pre-market trading.</li>
<li>SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) dipped 8.2% to $9.90 in pre-market trading.</li>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) fell 5.9% to $2.8505 in pre-market trading.</li>
<li>Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) slipped 2.5% to $42.69 in pre-market trading.</li>
</ul>
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MicroStrategy, Portland General Electric And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>)</h3>
<ul>
<li>On Nov. 20, National Grid named Steve Smith as Chief Strategy and Regulation Officer. &#8220;It&#8217;s a privilege to be appointed to this role at the most exciting time for the energy sector in decades,&#8221; said Steve Smith &#8220;The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis.&#8221; The company's stock fell around 6% over the past month and has a <a href="https://www.benzinga.com/quote/NGG">52-week low of $55.13</a>.</li>
<li>RSI Value: 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NGG Price Action: Shares of National Grid fell 0.3% to close at $58.86 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">latest NGG news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204.png" alt="" class="wp-image-707637" style="width:520px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204-768x708.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 12, JP Morgan analyst Jeremy Tonet downgraded American Electric Power from Overweight to Neutral and lowered the price target from $109 to $102. The company's stock fell around 7% over the past month and <a href="https://www.benzinga.com/quote/AEP">has a 52-week low</a> of $75.22.</li>
<li>RSI Value: 29</li>
<li>AEP Price Action: Shares of American Electric Power fell 0.5% to close at $92.37 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">AEP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205.png" alt="" class="wp-image-707638" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205-768x706.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)
<ul>
<li>On Dec. 12, Scotiabank analyst Andrew Weisel maintained NextEra Energy with a Sector Outperform and raised the price target from $92 to $96. The company's stock fell around 6% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/NEE">low of $53.95</a>.</li>
<li>RSI Value: 27</li>
<li>NEE Price Action: Shares of NextEra Energy gained 0.6% to close at $72.91 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">breakout in NEE shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="872" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206.png" alt="" class="wp-image-707645" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206-768x737.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
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AlphaTime Acquisition enters into merger agreement with HCYC Group

ATMC

ATMCU

Press Releases

AlphaTime Acquisition Corp Announces Entering into a Merger Agreement with HCYC Group Company Limited

ATMCR

ATMCW

AlphaTime Acq

AlphaTime Acquisition Corp (the &ldquo;Company&rdquo;) announced that, commencing January 19, 2023, holders of the 6,900,000 units sold in the Company&rsquo;s initial public offering, including the 900,000 units sold pursuant to the full exercise of the underwriters&rsquo; over-allotment option, may elect to separately trade the ordinary shares, warrants and rights included in the units. Any units not separated will continue to trade on The Nasdaq Global Market (the &ldquo;Nasdaq&rdquo;) under the symbol &ldquo;ATMCU,&rdquo; and the separated ordinary shares, warrants and rights are expected to trade on the Nasdaq under the symbols &ldquo;ATMC,&rdquo; &ldquo;ATMCW&rdquo; and &ldquo;ATMCR,&rdquo; respectively. Holders of units will need to have their brokers contact American Stock Transfer &amp; Trust Company, the Company&rsquo;s transfer agent, in order to separate the units into ordinary shares, warrants and rights.

The units were initially offered by the Company in an underwritten offering. Chardan Capital Markets, LLC (&ldquo;Chardan&rdquo;) acted as sole book-running manager of the offering. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on December 30, 2022.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

AlphaTime Acquisition Corp Announces The Separate Trading Of Its Ordinary Shares, Warrants And Rights Commencing January 19, 2023

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