Latest news for C-Bond Systems (OTC:CBNT) Stock

C-Bond Systems Inc is a nanotechnology company and the sole owner and developer of the patented C-Bond technology. It engaged in the implementation of proprietary nanotechnology applications and processes to enhance the properties of strength, functionality, and sustainability of brittle material systems. It operates in two divisions: C-Bond and Patriot Glass. The company generates maximum revenue from the Patriot Glass Segment. The Patriot Glass Segment is engaged in the distribution and installation of window film solutions. C-Bond segment is engaged in the manufacturing and sale of a windshield strengthening water repellent solution as well as a disinfection product, and other.

C-BOND SYSTEMS INC by C-Bond Systems Inc.

C-Bond Systems Inc

News

Asset Sales

Blackstone Said To Weigh Stake Sale In HH Global, Could Value HH Global At £2 Billion To £2.5 Billion

DA Davidson analyst Kevin Reevey maintains Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) with a Buy and raises the price target from $120 to $125.

Price Target

Analyst Ratings

WTFC

DA Davidson Maintains Buy on Wintrust Finl, Raises Price Target to $125

Wedbush analyst Nick Setyan reiterates Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Outperform and maintains $425 price target.

Reiteration

WING

Wedbush Reiterates Outperform on Wingstop, Maintains $425 Price Target

CIBC analyst Stephanie Price maintains Open Text (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTEX#NASDAQ">OTEX</a>) with a Neutral and lowers the price target from $36 to $33.

OTEX

CIBC Maintains Neutral on Open Text, Lowers Price Target to $33

CIBC analyst Nik Priebe maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Outperformer and raises the price target from $47 to $49.

CIBC Maintains Outperformer on Brookfield Asset Mgmt, Raises Price Target to $49

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) volatile performance in the past few weeks has traders debating over whether the <a href="https://www.benzinga.com/money/is-the-bitcoin-4-year-market-cycle-real">four-year cycle theory</a> remains still intact.
What Happened: Trader CryptoCon on Friday said he is hopeful the four-year cycle theory lives on.
<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">Although there are still signs of acceleration in the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> cycles, I sincerely hope original timing finds its way back. Perfect 4-year cycles since inception, 208 weeks exactly. The March 2024 high was the first deviation which made new ATHs about 1 year earlier than usual.… <a href="https://t.co/ZF3BpMUA18">pic.twitter.com/ZF3BpMUA18</a>
&mdash; CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1814001194391548097?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He <a href="https://x.com/CryptoCon_/status/1814001194391548097">pointed</a> out that the high in March 2024 was the first deviation from the original cycle, with new all-time highs occurring approximately a year earlier than usual. A second early top was observed in June, which ended up as a lower high compared to the March top.
Despite these deviations, CryptoCon believes it&#8217;s still possible for everything to turn out as it has in the past. He referred to the BitTime and Halving Cycles Theory, which predicts a first top in June 2025 and a final top in December 2025, mirroring the second cycle from 2014 to 2017.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39858323/it-bitcoin-drops-15-this-popular-dogcoin-will-crater-40-trader-warns">If Bitcoin Drops 15%, This Popular Dogcoin Will Crater 40%, Trader Warns</a>
Why It Matters: Voicing a similar opinion, crypto trader Stockmoney Lizards noted Bitcoin cycles are repeating. He states that it starts with an all-time high and then moves to a correction and bear market rally phase.
From the bear market phase, it goes to the bear market bottom and then to the uptrend and consolidation phase. Finally, it reaches the new all-time high again. The trader based his cycle analysis on the Fibonacci sequence in technical chart analysis.
In his <a href="https://x.com/StockmoneyL/status/1814207755634221435">chart</a> depiction, Bitcoin&#8217;s 2014 to 2018 cycle rallied 2,200%, while the 2017 to 2021 cycle had a 450% rally. For the 2021 to 2025 phase, the trader predicts a 150% rally, with the final peak post-September 2024 until late 2025. 
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39852891/bitcoin-bull-dave-portnoy-foresees-king-cryptos-surge-if-trump-triumphs-in-november-electi">Bitcoin Bull Dave Portnoy Foresees King Crypto&#8217;s Surge If Trump Triumphs In November Election: &#8216;It&#8217;s Gonna Rip&#8217;</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Is The Bitcoin 4-Year Cycle Theory Still Intact? If Yes, Here's When The Top Is Coming

Arcelor Mittal Asks Mexican Authorities To Enforce Rule Of Law And Guarantee Security In The Municipality Where It Operates

Seagate Tech Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STX#NYSE">STX</a>) short percent of float has fallen 7.25% since its last report. The company recently reported that it has 10.81 million shares sold short, which is 6.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.85 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Seagate Tech Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721402120_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Seagate Tech Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Seagate Tech Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Seagate Tech Hldgs's peer group average for short interest as a percentage of float is 6.15%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(STX) - Analyzing Seagate Tech Hldgs's Short Interest

Remember the &#8220;slacker&#8221; generation? Well, they&#8217;re not slacking anymore. <a href="https://www.benzinga.com/personal-finance/24/03/37517661/all-generations-are-financially-traumatized-but-gen-x-americas-forgotten-middle-child-bears-the-">Gen X, born between 1965 and 1979</a>, born between 1965 and 1979, are now the most stressed-out bunch in our society. And honestly, can you blame them? They are caught in a perfect storm of pressures that would make anyone&#8217;s hair grey.&nbsp;
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
<li>How much money will a $200,000 annuity pay out each month?<a href="https://www.benzinga.com/money/200k-annuities-adv"> The numbers may shock you.</a></li>
</ul>
Gen Xers have been the most stressed generation for over a decade. In their 40s and 50s, Gen Xers have consistently reported higher stress levels than other generations since at least 2012.
A Penn State study in 2012 found that Gen X had significantly higher stress levels than other age groups, reporting an average stress level of 5.8 out of 10. This was notably higher than Millennials (3.4) and Baby Boomers (4.4). The American Psychological Association&#8217;s (APA) annual Stress in America survey from the same year corroborated these findings, showing that both Gen Xers and Millennials reported an average stress level of 5.4 on a 10-point scale, higher than Boomers (4.7) and Matures (3.7).
LinkedIn research in 2019 found that Gen Xers were still extremely stressed compared to the generations around them, with work-life balance, job security, and a sense of purpose being among the top stressors. More recent information from 2021 shows this trend is still in progress, as 22% of Gen Xers <a href="https://www.benzinga.com/personal-finance/24/05/38845785/living-on-edge-nearly-90-of-retirees-worried-inflation-will-eat-away-savings">confess to struggling with stress daily</a>, compared to 17% for Millennials, 14% for Gen Zs, and 8% for Baby Boomers.
<hr class="wp-block-separator has-alpha-channel-opacity" />
See Also: <a href="https://www.benzinga.com/money/mark-cubans-annuity-adv">Many are surprised by Mark Cuban&#8217;s advice for lotto winners: Cash or annuity?</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
There are several causes of elevated stress levels among Generation X. They are often caught up in the "sandwich generation" who have to take care of old parents and their kids simultaneously. There is also a considerable financial aspect involved since many individuals from this cohort are lagging in retirement savings despite nearing retirement age. During their peak earning years&nbsp;
GenX encountered numerous economic challenges, including the bursting of the dot-com bubble, the Great Recession, and the COVID-19 pandemic. They were forced into an abrupt adaptation from analog childhood to digital adulthood, where they had to cope with technological changes on both personal and professional fronts. This created another level of anxiety because they were constantly required to be knowledgeable about emerging technologies.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The picture regarding Generation X's retirement savings is worrisome based on various research findings, which indicate huge deficits. Natixis Investment Managers found that the majority (48%) fear they will have enough saved to enjoy retirement and another 31% fear they&#8217;ll never save enough.&nbsp;
The average retirement savings for Gen X households is approximately $150,000, far below the estimated $1.5 million experts say is required for a comfortable retirement. Even more alarming, the National Institute on Retirement Security reports that the typical Gen X household with a private retirement plan has only $40,000 in savings, and about 40% of the group has not saved anything for retirement. The Schroders 2023 U.S. Retirement Survey paints a slightly more optimistic but still troubling picture, showing that Gen X workers, on average, believe they will need around $1.1 million in savings to retire comfortably but expect to have only $660,000 saved, indicating a substantial shortfall of about $440,000.&nbsp;
Despite all this stress, Gen X has <a href="https://www.benzinga.com/personal-finance/24/03/37871322/whining-got-us-nowhere-gen-x-is-notoriously-laid-back-but-often-overlooked-79-say-theyre-forgott">developed a unique resilience</a>. They&#8217;re the generation that grew up figuring things out independently, and that adaptability serves them well now. While they may be the most stressed, they&#8217;re often the best equipped to handle it. As the <a href="https://www.apa.org/news/press/releases/stress/2012/generation.pdf">American Psychological Association</a> points out, &#8220;Stress at any age is still stress,&#8221; but Gen X seems to have a knack for weathering the storm, even if they feel more pressure than most.
Read Next:
<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> here&#8217;s how to get started investing in real estate with just $100</a></li>
</ul>

Personal Finance

Gen X Is The Most Stressed Generation Alive And Studies Reveal Why – Hint: They're $440,000 Short On Retirement, And It's Only Getting Worse

Martin Marietta Materials's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) short percent of float has risen 13.59% since its last report. The company recently reported that it has 1.27 million shares sold short, which is 2.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Martin Marietta Materials Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721402115_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Martin Marietta Materials has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Martin Marietta Materials's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Martin Marietta Materials's peer group average for short interest as a percentage of float is 2.87%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Martin Marietta Materials?

Blink Charging's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NYSE">BLNK</a>) short percent of float has risen 5.12% since its last report. The company recently reported that it has 19.76 million shares sold short, which is 20.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Blink Charging Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721402110_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Blink Charging has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Blink Charging's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Blink Charging's peer group average for short interest as a percentage of float is 9.67%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

BLNK

How Is The Market Feeling About Blink Charging?

Wedbush analyst Nick Setyan maintains Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Neutral and lowers the price target from $21 to $19.5.

Wedbush Maintains Neutral on Wendy's, Lowers Price Target to $19.5

Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is set to initiate <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39716416/goldman-sachs-to-launch-three-tokenization-projects-by-year-end-itll-change-the-nature-of-">three tokenization projects by the end of the year</a>, aiming to transform how clients invest in financial assets. This move will tokenize assets like money market funds and real estate holdings, utilizing both public and private blockchains.
<h3 class="wp-block-heading">Goldman Sachs&#8217; New Ventures in Tokenization</h3>
According to&nbsp;<a href="https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/" target="_blank" rel="noreferrer noopener">Fortune</a>,&nbsp;Goldman Sachs is advancing its digital asset strategy with three new projects focused on tokenizing various asset classes. Matthew McDermott, global head of digital assets at Goldman Sachs, noted, &#8220;The feedback is clear: this will change the nature of investment.&#8221; These projects will include tokenizing U.S. fund complexes and debt issuance in Europe, with further details pending.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19091021/905735A6-57D3-4874-9AA1-75D037842DB3-1-11.gif" alt="" class="wp-image-445730" style="width:417px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Fractional Ownership and Investment Accessibility</h3>
Tokenization enables fractional ownership, allowing investors to own parts of high-value assets, such as real estate, without purchasing the entire property. This approach democratizes investment opportunities, making them accessible to a broader range of investors. Larry Fink, CEO of BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), predicts that the market for tokenized assets could eventually surpass Bitcoin&#8217;s market cap.
<h3 class="wp-block-heading"> Potential Regulatory Shifts</h3>
As regulatory frameworks evolve, Goldman Sachs is preparing to expand its crypto-related activities. McDermott highlighted that upcoming regulatory changes, particularly in the U.S., could create new opportunities for the bank, including the possibility of holding spot crypto assets. This readiness to adapt to regulatory developments is crucial for maximizing investment potential.
<h3 class="wp-block-heading">Industry Leaders Converge</h3>
In November, the <a href="https://www.benzinga.com/events/digital-assets/">Benzinga Future of Digital Assets</a> event in New York City will gather over 1,000 leaders from the capital markets to discuss the future of digital assets. This one-day event will provide a platform for extensive networking and discussions on emerging trends in the digital asset space.
The event will feature 4,000 one-on-one meetings, executive roundtables, and exclusive networking sessions. Attendees will have the opportunity to engage with digital asset innovators and explore new investment strategies, gaining insights into the evolution of alternative asset classes.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39858323/it-bitcoin-drops-15-this-popular-dogcoin-will-crater-40-trader-warns">If Bitcoin Drops 15%, This Popular Dogcoin Will Crater 40%, Trader Warns</a></li>
</ul>
Image: Shutterstock

Events

Markets

Goldman Sachs To Launch 3 Tokenization Projects That 'Will Change The Nature Of Investment'

Macro Economic Events

Global

Economics

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

U.S. Secretary Of State Blinken Says Believe U.S. Is Driving Towards Goal Line On Getting Israel-Hamas Ceasefire Agreement; Question Now Is Finishing Negotiation Of Some Critical Details; Have An Agreement To Framework Biden Put Out By Israel And Hamas

WIIM

Wester Alliance shares are trading higher after the company reported better-than-expected Q2 financial results.

Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) CEO Robert Ford said the company will use a mix of TV advertisements and guerilla marketing to promote the U.S. launch of Lingo, its glucose monitoring device.
This device targets consumers without diabetes, aiming to personalize health data and enhance understanding of their health metrics.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/07/39673676/similac-baby-formula-maker-abbott-and-reckitt-face-hundreds-of-baby-formula-lawsuits" rel="noreferrer noopener">Similac Baby Formula Maker Abbott And Reckitt Face Hundreds Of Baby Formula Lawsuits</a>.
Ford projected that Lingo could become a multi-billion-dollar product, although it is still in its nascent stage.
Lingo, an over-the-counter device, is scheduled to launch this year alongside Libre Rio, which received FDA clearance last month.
Abbott&#8217;s consumer biowearable, Lingo, is designed for consumers 18 years and older looking to improve their overall health and wellness.
Lingo will track glucose and provide personalized insights and customized coaching to help people create healthy habits, retrain their metabolism, and improve their overall well-being.&nbsp;
Libre Rio Libre Rio&nbsp;will be Abbott&#8217;s first over-the-counter CGM system for people with diabetes in the U.S.
It is designed for people ages 18 and older with Type 2 diabetes who do not use insulin and typically manage their diabetes through lifestyle modifications.
In continuous glucose monitoring, Abbott competes with DexCom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) and Medtronic Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>).
During the second quarter, FreeStyle Libre, Abbott&#8217;s prescription blood sugar monitor, achieved $1.6 billion in <a target="_blank" href="https://www.benzinga.com/24/07/39839507/abbott-laboratories-q2-earnings-revenue-and-profit-beat-estimates-nudges-up-annual-profit-guidance-o" rel="noreferrer noopener">global sales</a>, up 18.4% year over year.
Reuters notes that the company acknowledges that marketing a consumer product like Lingo will differ significantly from promoting a medical device.
Ford emphasized the importance of guerilla marketing, which includes on-ground outreach and social media campaigns, to drive adoption.
Sourcing an RBC Capital Markets analyst, Reuters noted that while current sales projections for Abbott and DexCom&#8217;s OTC products are modest, the potential market is significant.
Singh highlighted that Abbott is just beginning to launch Lingo this summer, presenting substantial opportunities for both companies.
Ford anticipates that sales growth for Lingo will gradually increase as Abbott establishes the market and learns from its early efforts.
Price Action: ABT stock is up 1.38% at $101.44 at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/07/39857064/eli-lillys-famed-weight-loss-drug-zepbound-scores-chinese-approval" target="_blank" rel="noreferrer noopener">Eli Lilly&#8217;s Famed Weight Loss Drug Zepbound Scores Chinese Approval</a>.</li>
</ul>
Photo via Shutterstock

Biotech

Health Care

Media

DXCM

Abbott Labs Makes Marketing Push For New Glucose Monitors, Targets Health-Conscious Consumers

BANF

BancFirst shares are trading higher after the company reported better-than-expected Q2 GAAP EPS results.

Wedbush analyst Nick Setyan maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Neutral and lowers the price target from $110 to $90.

SHAK

Wedbush Maintains Neutral on Shake Shack, Lowers Price Target to $90

Laboratory Corporation Of America Holdings

Labcorp Says Systems Are Currently Impacted By The CrowdStrike Computer Outage Affecting Companies Globally

Wedbush analyst Nick Setyan maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and lowers the price target from $81 to $77.

SBUX

Wedbush Maintains Neutral on Starbucks, Lowers Price Target to $77

C-Bond Systems reports Q3 results

C-Bond Systems reports record revenue

C-Bond Systems' Patriot Glass Solutions Subsidiary announces backlog of $3.3M heading into 2024

C-Bond Systems bags new purchase order from Texas school districts

C-Bond Systems expects to report revenue in excess of $1M in Q1

C-Bond's Patriot Glass Solutions get purchase order from CPS Energy

C-Bond's Patriot Glass Solutions gets purchase order from CPS Energy

C-Bond Systems reports FY results

C-Bond Systems, Inc. (CBNT) Q4 2023 Earnings Call Transcript

C-Bond's Patriot Glass gets $185K order from Boerne Independent School District in Texas

CBNT

Earnings

Press Releases

C-Bond Systems Reports 2023 Highlights Including Record Revenue and Positive Net Income; Company to Host Conference Call on April 3rd

C-Bond Systems, Inc. Engages Cervitude Intelligent Relations for Investor Awareness Services

Contracts

C-Bond Systems' Patriot Glass Solutions Subsidiary Receives $185,000 Purchase Order from Texas School District Boerne ISD to Install C-Bond Security Window Film Technology

General

C-Bond Systems' Patriot Glass Solutions Dealer Network Grows to 50 Dealers

C-Bond Systems' Ballistic-Resistant System Achieves National Institute of Justice Level III Certification from an Independent, Third-Party Lab to Stop Bullets

C-Bond Systems Continues to Expand its Installation Base with more than 200 Schools, Commercial and other Buildings Choosing its Glass Strengthening Products for Enhanced Security

Patriot Glass Solutions LLC, a Subsidiary of C-Bond Systems, Inc., Launches its Florida School Safety Efforts with Integration Partner Curtis Stout, Inc. at Florida Association of School Safety Specialists' Conference Where It Presented its Best-of-Breed Bullet-Resistant Technology to All 67 Florida School Safety Specialists

Patriot Glass Solutions, a Subsidiary of C-Bond Systems, Continues to Broaden its Geographic Reach with New Purchase Orders to Install C-Bond Ballistic-Resistant System at a USAA location in North Carolina and a Courthouse in Oklahoma

Patriot Glass Solutions, a Subsidiary of C-Bond Systems, Seeing Increased Demand from Synagogues and Other Religious Facilities in the Wake of Social Unrest and Threats Related to the Israel – Hamas War

C-Bond Systems Announces Weekly Podcast Series Hosted by CEO Scott R. Silverman

C-Bond Systems

HOUSTON, June 01, 2020 (GLOBE NEWSWIRE) --&nbsp;<a href="https://www.globenewswire.com/Tracker?data=OMl9vHJtlRBVIIP984M0UhpxpBaz6iiynOO4pmOZ8MIsnlJ1wkKy3hp6by0feRie7jLofnnHWLNef7WXDCQuntdu_s8aB9EjW1TkVUp5pJo=" target="_blank">C-Bond Systems, Inc.</a>(&quot;C-Bond&quot;) (OTC:<a class="ticker" href="/stock/CBNT#OTC">CBNT</a>), a nanotechnology solutions company, announced today that it has entered into an exclusive, nationwide distribution agreement with&nbsp;<a href="https://www.globenewswire.com/Tracker?data=LX67Xt2z6XW6ZbLtGo0Zm-luxSJsfkJ9ZQRFlC-TnByjV_nJzGiYKCXbXu5Af68lVEsNBqQ3A4a7pkGAvKe6mY2bsZZhxwZPfHYt-TlUrXA=" target="_blank">Quip Laboratories, Inc.</a>&nbsp;for use of MB-10 Tablets, an EPA-registered disinfectant (Reg No.70060-19-46269) to help in the fight against COVID-19. COVID-19 is caused by SARS-CoV-2. This product kills similar viruses and therefore, according to the EPA&nbsp;<a href="https://www.globenewswire.com/Tracker?data=EEqMLdD8A1p9LNFwvMx3tnx71M-6A-_JNolVe88eTwWahnsQTqWjf_wbeRLlXYZjuA9XHEXwBUg0M4GxDBoDXSUTZcLsrf-NmHoLJG_uUpdrL89qzrZ7xxXujWxqzPM-np8WLcBIycEUp1WrD3_iJ0MvjQW4VzQscODL942zNPc=" target="_blank">Guidelines On Emerging Pathogens</a>, can be used against SARS-CoV-2 when used in accordance with the directions for use against MVM on hard, nonporous surfaces. With this new agreement, C-Bond will gain exclusive rights to sell the tablets within the verticals that it serves. 
&nbsp;

&quot;We&#39;re excited to be working with new partners to deliver the simple and sensible disinfection results that we&#39;re known for in the research and clinical markets to an expanded customer-base,&quot; said Tim Hidell, President of Quip Laboratories. &quot;MB-10 Tablets have a proven track record as a cost-effective disinfectant across a wide range of industries, and we look forward to helping C-Bond in that goal for their clientele.&quot;

MB-10 tablets are registered as a broad spectrum hospital disinfectant that is effective against a wide range of bacteria and viruses, and are safe for hard, non-porous surfaces such as glass, plastics, sealed fiberglass, and a wide range of metals, without leaving residues or odor. MB-10 Tablets also protect without staining or discoloring.

&quot;The applications for this EPA-registered product align well with our current customer base, presenting an exciting cross-selling opportunity,&quot; said Scott R. Silverman, Chairman and Chief Executive Officer of C-Bond Systems. &quot;Well after the COVID-19 pandemic subsides, we expect the desire to regularly and thoroughly disinfect hard surfaces to continue to surge. This product perfectly meets the evolving needs of today&#39;s marketplace.

&quot;Leveraging our ever-expanding customer base within the transportation sector, we believe we are uniquely positioned for success with the introduction of this new disinfectant. I look forward to continued operational execution in driving forward our core mission - to make the world a safer place - with the addition of this exciting new product,&quot; concluded Silverman.

About C-Bond 
 
C-Bond Systems, Inc. (OTC:<a class="ticker" href="/stock/CBNT#OTC">CBNT</a>) is a Houston-based advanced nanotechnology company and marketer of the patented C-Bond technology, developed in conjunction with Rice University and independently proven to significantly strengthen glass in key automotive and structural applications. The Company&#39;s Transportation Solutions Group sells C-Bond NanoShield&reg;, a liquid solution applied directly to automotive windshields, sold through distributors. The Company&#39;s Safety Solutions Group sells ballistic-resistant glass solutions and FN NANO Coating directly to private enterprises, schools, hospitals and government agencies. For more information, please visit our website:<a href="https://www.globenewswire.com/Tracker?data=eD4PcN10rT_ewFXvwDcb70eLew3K_tZNleGIy8LHNT_pIInF6eIm_7Fymcg40ZCsnvxxRH0iwJ7dWoMrrlwBmyh2s8qzmA1pipp5F517eho=" target="_blank">www.cbondsystems.com</a>, Facebook:&nbsp;<a href="https://www.facebook.com/cbondsys/">https://www.facebook.com/cbondsys/</a>&nbsp;and Twitter:&nbsp;<a href="https://twitter.com/CBond_Systems">https://twitter.com/CBond_Systems</a>.

About Quip Laboratories 
 
From Environmental Monitoring and Decontamination services, to proprietary disinfectants and sterilants, Quip Laboratories focuses on providing facility hygiene solutions to a variety of industries. With in-house research and development, pathogen identification, production, quality control and sales teams, Quip Laboratories provides a comprehensive approach to efficient and eco-gentle facility hygiene. You can find Quip Labs on the web at&nbsp;<a href="https://pro.benzinga.com/popout/widget/newsfeed/www.quiplabs.com">www.quiplabs.com</a>&nbsp;or call us today at 1-800-424-2436.

Forward-Looking Statements 
 
Statements in this press release about our future expectations, including the likelihood that well after the COVID-19 pandemic subsides, the desire to regularly and thoroughly disinfect all means of hard surfaces to continue to surge; the likelihood that leveraging our ever-expanding customer base within the transportation sector, we are uniquely positioned for success with the introduction of this new disinfectant; the likelihood of continued operational execution in driving forward our core mission - to make the world a safer place - with the addition of this exciting new product; constitute &quot;forward-looking statements&quot; within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, C-Bond&#39;s ability to raise capital; the Company&#39;s ability to successfully commercialize its products; the effects of the COVID-19 global pandemic on the Company&#39;s ability to operate; as well as other risks. Additional information about these and other factors may be described in the Company&#39;s filings with the Securities and Exchange Commission (&quot;SEC&quot;) including its Form 10-K filed on March 25, 2020, its Forms 10-Q filed on May 15, 2020, November 14, 2019, and August 12, 2019, and in future filings with the SEC. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.

<img src="https://www.globenewswire.com/newsroom/ti?nf=NzkzODQ2NSMzNTMwNjU5IzIxMDAxMzQ=" style="height:1px; width:1px" />

<pre>
Investor Contacts:

Luke Zimmerman
Senior Vice President
MZ Group - MZ North America
949-259-4987
<a href="mailto:CBNT@mzgroup.us">CBNT@mzgroup.us</a> 
<a href="http://www.mzgroup.us/">www.mzgroup.us</a>

Allison Tomek
VP, Corporate Communications
C-Bond Systems, Inc.
<a href="mailto:atomek@cbondsystems.com">atomek@cbondsystems.com</a> 
832-649-5658</pre>

<a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/a3f6da7e-dd85-4f05-bdec-dde8c8f76fb3"><img alt="Primary Logo" src="https://ml.globenewswire.com/media/a3f6da7e-dd85-4f05-bdec-dde8c8f76fb3/small/cbondlogo-red-png.png" style="height:69px; width:150px" /></a>

C-Bond Systems Announces Exclusive Nationwide Distribution Agreement for EPA Registered Disinfectant MB-10 Tablets Approved for Use Against Human Coronavirus SARS-CoV-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

C-Bond Systems

News

Latest news for C-Bond Systems (OTC:CBNT) Stock

Monday, June 01, 2020