Latest news for Sinch (OTC:CLCMF) Stock

Sinch AB provides cloud communication services and solutions to enterprises and mobile operators. The Sinch organization has following segments: Messaging, Voice, Email, Small and Medium-sized businesses and others. Messaging and Voice and Video address the enterprise market and combine programmable APIs and cloud services to easily build global communications, including messaging and voice and video services into applications and business processes. The Messaging segment derives the majority of revenue from fees for handling messages and executing and handling personalized and dynamic video and MMS messages for enterprises.

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Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY) offloaded its stake in the struggling British online shopping firm 

More Stake Sale Of Softbank&#39;s Loss Making Businesses, Latest Being This British E-Commerce Retail

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DASH

Softbank Offloads Stake In This Pandemic Favorite As Losses Weigh

Sinch AB

PDF Solutions's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PDFS#NYSE">PDFS</a>) short percent of float has risen 7.14% since its last report. The company recently reported that it has 527 thousand shares sold short, which is 1.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.47 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>PDF Solutions Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PDF Solutions 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 PDF Solutions'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>, PDF Solutions's peer group average for short interest as a percentage of float is 7.40%, 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.

Short Sellers

Short Ideas

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PDFS

Looking Into PDF Solutions's Recent Short Interest

NextEra Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) short percent of float has risen 9.41% since its last report. The company recently reported that it has 38.16 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.45 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>NextEra Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NextEra Energy 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 NextEra Energy'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>, NextEra Energy's peer group average for short interest as a percentage of float is 2.51%, 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.

Peering Into NextEra Energy's Recent Short Interest

Hartford Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) short percent of float has fallen 8.06% since its last report. The company recently reported that it has 4.38 million shares sold short, which is 1.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 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>Hartford Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hartford Finl Servs Gr 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 Hartford Finl Servs Gr'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>, Hartford Finl Servs Gr's peer group average for short interest as a percentage of float is 2.09%, 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.

Looking Into Hartford Finl Servs Gr's Recent Short Interest

Barclays analyst Blayne Curtis maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight and raises the price target from $280 to $330.

Price Target

Analyst Ratings

NXPI

Barclays Maintains Overweight on NXP Semiconductors, Raises Price Target to $330

Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading higher after it reported second-quarter fiscal year 2024 adjusted revenues of $2.796 billion, beating the consensus of $2.619 <a href="https://s23.q4cdn.com/714267708/files/doc_financials/2024/q2/Blackstone2Q24EarningsPressRelease.pdf" target="_blank" rel="noreferrer noopener">billion</a>. 
Distributable earnings (DE) rose&nbsp;3%&nbsp;Y/Y to&nbsp;$1.25 billion. Fee-related earnings fell&nbsp;3%&nbsp;Y/Y to&nbsp;$1.11 billion.
Fee-related earnings fell&nbsp;18%&nbsp;Y/Y in the Real Estate&nbsp;while rising 29%&nbsp;in the Credit &amp; Insurance business and 1%&nbsp;Y/Y in the Private Equity segments.
Net accrued performance revenue declined to&nbsp;$6.21 billion&nbsp;in the quarter from&nbsp;$6.47 billion&nbsp;in the prior year quarter.&nbsp;
Distributable earnings per share of&nbsp;$0.96 (+3% Y/Y),<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener"> missing the consensus of&nbsp;$0.98</a>.
Asset under management rose&nbsp;7%&nbsp;Y/Y to&nbsp;$1.076 trillion, with inflows of&nbsp;$39.4 billion&nbsp;in the quarter.
Dividend: Blackstone declared a quarterly dividend per share of&nbsp;$0.82, payable on August 5, 2024, to shareholders of record as of July 29, 2024.
Buyback: The company repurchased 2.0 million shares in the&nbsp;second quarter. Blackstone increased share repurchase authorization to $2.0 billion.
"We reported another quarter of strong results, underpinned by nearly $40 billion of inflows and $34 billion of deployment — reflecting the highest level of investment activity in two years,&#8221; Blackstone CEO Stephen A. Schwarzman said.
This week, Blackstone disclosed that private equity funds affiliated with the firm entered into a definitive agreement to acquire Trystar, a premier provider of electrical equipment<a href="https://www.benzinga.com/markets/equities/24/07/39799606/whats-going-on-with-blackstone-shares-today" target="_blank" rel="noreferrer noopener"> used for backup power solutions</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BX stock has gained over 30% in the past year. Investors can gain exposure to the stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Price Action: BX shares are up&nbsp;3.76%&nbsp;to&nbsp;$139.93 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39593979/blackstone-nears-2-2b-deal-for-sale-of-japanese-supplement-maker-alinamin-report" target="_blank" rel="noreferrer noopener">Blackstone Nears $2.2B Deal For Sale Of Japanese Supplement Maker Alinamin: Report</a></li>
</ul>
Image: Shutterstock

Earnings

Equities

Large Cap

Dividends

Blackstone's Strong Q2 Drives Stock Higher: Assets Under Management Up 7%

Crypto trader CrypNuevo shared a detailed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) forecast, predicting a <a href="https://www.benzinga.com/money/bitcoin-price-prediction">bullish mid-term target</a>.
What Happened: CrypNuevo addressed three key questions: the target of a potential retrace, the new CME gap and upside targets.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> update: I&#39;m feeling confident with my plan and I believe that the next natural mid-term target is the range highs. In this analysis, I&#39;ll try to answer these 3 question&#x1f9f5; Q1: What&#39;s the target of a potential retrace? Q2: What about the new CME gap? Q3: Upside targets? <a href="https://t.co/6OjSAw8wK1">pic.twitter.com/6OjSAw8wK1</a>
&mdash; CrypNuevo &#x1f528; (@CrypNuevo) <a href="https://twitter.com/CrypNuevo/status/1813662658866098252?ref_src=twsrc%5Etfw">July 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
For a potential retrace, CrypNuevo suggested that many are predicting a retest of the $60,000 range lows, but he believes it&#8217;s less likely to occur. He identified chart targets between $61,500 and $62,500, and liquidity targets at $62,000 and $61,700. By combining these, he proposed an ideal area between $62,500 and $61,700.
Regarding the new CME gap, he stated, "Big CME gaps don&#8217;t necessarily get filled immediately." He cited previous examples where a delay of at least 50 days was common, implying that the current CME gap doesn&#8217;t need to be filled right away.
Addressing his last question, the trader identified the untapped highs between $71,500 and $73,700 as the next natural move. He also mentioned the liquidations at $68,000 as a good first-take profit area for a swing long.
<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/24/07/39821600/trump-bitcoin-ethereum-etfs-tokenization-traders-reasons-for-the-most-bullish-crypto-setup">Trump, Bitcoin, Ethereum ETFs, Tokenization: Trader&#8217;s Reasons For The &#8216;Most Bullish Crypto Setup&#8217;</a>
CrypNuevo&#8217;s analysis provides valuable insights into Bitcoin&#8217;s potential movements. His assertion that the CME gap doesn&#8217;t need to be filled immediately could alleviate concerns about a potential immediate drop in Bitcoin&#8217;s price.
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/24/07/39838299/bitcoin-bounce-germanys-bitcoin-supply-hits-zero-markets-react">Bitcoin Bounce: Germany&#8217;s Bitcoin Supply Hits Zero, Markets React</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence with Midjourney.

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

Cryptocurrency

$BTC

Bitcoin's Mid-Term Target: 3 Points You Need To Know

Guidance

United Airlines Exec Says There Are A Ton Of Reasons To Expect Further Reductions In Industry Of Unprofitable Flying To Push Our FY Earnings Higher

Opko Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPK#NASDAQ">OPK</a>) shares are trading higher Thursday after the company announced a $100 million <a href="https://www.benzinga.com/pressreleases/24/07/g39835824/opko-health-announces-100-million-share-repurchase-program">share repurchase program.</a>
The Details:
Opko said it expects to fund the repurchase program from existing cash and cash equivalents, and future cash flows. The company had approximately 697 million shares outstanding as of June 30, 2024, and the new authorization represents approximately 10.1% of shares outstanding at the current stock price.
Read Next:<a href="https://www.benzinga.com/news/earnings/24/07/39826835/discover-reports-better-than-expected-q2-results-heres-the-details"> Discover Reports Better-Than-Expected Q2 Results: Here&#8217;s The Details</a>
&#8220;We believe OPKO&#8217;s shares are significantly undervalued and offer an attractive investment opportunity. Buying back shares supports our conviction in OPKO&#8217;s strategy as we continue to advance our pipeline in the clinic and streamline our diagnostic segment on a path to profitability,&#8221; said Phillip Frost, M.D., CEO of Opko Health.&nbsp;
Additionally, Opko announced a $250 million non-dilutive note <a href="https://www.benzinga.com/news/24/07/39827620/why-opko-health-shares-are-up-after-hours">purchase agreement </a>with HealthCare Royalty (HCRx) after the market close Wednesday. Opko said the purchase agreement is secured by its profit share payments from Pfizer received pursuant to its license agreement relating to NGENLA, a once-weekly treatment to treat pediatric growth hormone deficiency.
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Opko Health shares are moving on heavy volume and are trading above the stock&#8217;s 50-day moving average of $1.31.&nbsp;
<h2 class="wp-block-heading">Should I Sell My OPK Stock?</h2>
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Opko Health have decreased by 27.39% in the past year. An investor who bought shares of Opko Health at the beginning of the year would take a loss of $0.03 per share if they sold it today. The stock has risen 24.15% over the past month, meaning an investor who bought shares on June 1 would see a capital gain of $0.12.
Opko Health shares have an all-time high of $5.15, representing 234.55% upside from current levels.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Opko Health stock currently has an RSI of 84.21, indicating overbought conditions.
For access to advanced charting and analysis tools and stock data, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
OPK Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Opko Health shares are up 3.87% at $1.47 at the time of publication Thursday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/07/39827454/what-happened-with-intel-stock-today">What Happened With Intel Stock Today?</a></li>
</ul>
Image: Shutterstock

Movers

Opko Health Stock Is Climbing: What's Going On?

United Airlines Exec Says Based On Current Published Industry Capacity, Expect Full-year Earnings To Be At The Low End Of $9-$11 Per Share Forecast

Stephens &amp; Co. analyst Matt Olney reiterates Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) with a Equal-Weight and maintains $50 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Bank OZK, Maintains $50 Price Target

<a href="https://blog.google/technology/safety-security/google-coalition-for-secure-ai/" title="https://blog.google/technology/safety-security/google-coalition-for-secure-ai/">https://blog.google/technology/safety-security/google-coalition-for-secure-ai/</a>

GOOG

GOOGL

'Introducing The Coalition for Secure AI (CoSAI) And Founding Member Organizations' - Google

Barclays analyst Blayne Curtis maintains Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) with a Equal-Weight and raises the price target from $235 to $250.

Barclays Maintains Equal-Weight on Analog Devices, Raises Price Target to $250

Stephens &amp; Co. analyst Andrew Terrell reiterates Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) with a Overweight and maintains $53 price target.

BANR

Stephens & Co. Reiterates Overweight on Banner, Maintains $53 Price Target

Asset Sales

LILM

Saudia Group Sign Global Agreement To Acquire 50 Lilium Jets With Options To Purchase 50 More; Financial Terms Not Disclosed

Project 2025 is a contentious set of policy proposals from the conservative think tank, The Heritage Foundation, intended for implementation should a Republican president <a href="https://www.benzinga.com/topic/2024-election">assume office in 2025.</a> Economists and tax experts argue that the 900-page manifesto&#8217;s proposed reforms to the <a href="https://www.benzinga.com/topic/taxes">U.S. tax system</a> would <a href="https://www.benzinga.com/personal-finance/24/06/39483587/decades-of-data-reveal-a-steady-decline-in-americas-middle-class-according-to-latest-research">exacerbate economic inequality.</a>
Proposed Tax Reforms: According to Project 2025&#8217;s &#8220;Mandate for Leadership&#8221; document, the authors&#8217; goal is to &#8220;simplify the tax code.&#8221;
The document proposes changing the U.S. tax system by adopting two flat tax brackets. Individuals making over $168,000 a year would pay 30% in federal income tax. Individuals making under $168,000 a year would pay 15%. It would also eliminate most deductions, credits and exclusions.
Project 2025 also proposes lowering the corporate income tax from 21% to 18%. In 2017, former President Donald Trump lowered the rate from 35% to 21%, and, <a href="https://www.bloomberg.com/features/2024-trump-interview/">according</a> to a Bloomberg interview, he wants to lower it further to 15% if elected in 2024.
Why it Matters: Currently, the bottom 50% of Americans pay an average effective federal tax rate of 3.3% <a href="https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/">according</a> to the Tax Foundation. This would likely rise under a new tax system. The poorest Americans already have <a href="https://www.benzinga.com/partner/emerging-markets/24/07/39688441/could-ai-threaten-the-grid-companies-like-ben-are-bringing-efficient-ai-technology-to-th">higher tax incidence</a> on regressive taxes such as sales or gasoline.
The U.S. currently has a graduated income tax system with seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The idea of a graduated tax system is to lower the tax incidence of people with a lower ability to pay and institute higher tax incidence for people with a greater ability to pay.
Brendan Duke, senior director at the left-leaning Center for American Progress, <a href="https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/">told</a> CBS News that Project 2025&#8217;s tax plan would mean that a middle-class family with two children and an annual income of $100,000 would pay an estimated $2,600 in additional federal income tax due to the loss of the 10% and 12% tax brackets.
Famed billionaire investor Warren Buffett has long advocated for <a href="https://www.benzinga.com/personal-finance/24/04/38319480/warren-buffett-wants-higher-taxes-for-the-ultra-rich-including-himself-says-my-friends-and-i-hav">higher tax rates</a> for the wealthy. In May, Buffett said that no Americans would have to pay a <a href="https://www.benzinga.com/government/24/05/38630925/buffett-says-no-other-americans-would-have-had-to-pay-even-a-dime-in-federal-taxes-if-this-had-happe">federal income tax</a> if corporations fulfilled their tax obligations.
William G. Gale, an expert at the non-partisan Tax Policy Center, <a href="https://www.taxpolicycenter.org/taxvox/radical-income-tax-simplification">wrote</a> a blog post in March arguing for &#8220;a simpler and more progressive [graduated] system.&#8221; He also warned about the pitfalls of some ideas to simplify the tax system.
&#8220;The problem is that simplifying the tax system cannot occur in a vacuum. The tax system did not get complicated by accident. The provisions in the code were all inserted for some purpose, whether to promote fairness, economic growth, social policy goals, or better tax compliance,&#8221; Gale wrote.
The Heritage Foundation spent $22 million to finance Project 2025, <a href="https://www.nytimes.com/2023/12/01/us/politics/heritage-foundation-2025-questionnaire.html">according</a> to the New York Times. The University of Pennsylvania <a href="https://guides.library.upenn.edu/c.php?g=1035991&amp;p=7509974">ranks</a> it among the most influential think tanks in the U.S.
Trump <a href="https://www.benzinga.com/news/24/07/39654177/trump-distances-himself-from-project-2025-amid-rising-controversy-i-know-nothing">states he &#8220;know [s] nothing&#8221;</a> about Project 2025, although the initiative was <a href="https://www.nbcnews.com/politics/donald-trump/project-2025-trump-heritage-foundation-what-know-rcna161338">spearheaded</a> by several of his former officials and allies.
<a href="https://www.snopes.com/fact-check/coors-walmart-exxonmobil-project-2025/">According</a> to Snopes, the Coors and Walton families&#8217; billion-dollar empires donated to the Heritage Foundation<a href="https://www.snopes.com/fact-check/coors-walmart-exxonmobil-project-2025/"> in the past</a>.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/07/39837570/unemployment-claims-rise-more-than-expected-boosting-hopes-for-rate-cuts-as-cracks-in-labor-mark">Unemployment Claims Rise More Than Expected, Boosting Hopes For Rate Cuts As Cracks In Labor Market Emerge</a></li>
</ul>
Photo: Shutterstock

Government

Politics

Project 2025 Wants To Radically Change US Tax Policy: Would You Pay More Or Less In Taxes?

Barclays analyst Jason Goldberg maintains Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) with a Equal-Weight and raises the price target from $43 to $44.

ALLY

Barclays Maintains Equal-Weight on Ally Financial, Raises Price Target to $44

Stephens &amp; Co. analyst Russell Gunther reiterates F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) with a Overweight and maintains $16 price target.

Stephens & Co. Reiterates Overweight on F N B, Maintains $16 Price Target

NKGen Biotech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) shares are trading higher by 25% to $1.17 Thursday morning after the company announced it will present new SNK01 biomarker data at the <a href="https://www.benzinga.com/pressreleases/24/07/g39836082/nkgen-biotech-to-present-new-positive-snk01-clinical-trial-biomarker-data-at-the-2024-alzheimers-a">Alzheimer&#8217;s Association International Conference</a>.
NKGen Biotech says the data will be presented at the conference in Philadelphia and online from July 28 to August 1, 2024. The data shows SNK01&#8217;s ability to reduce α-synuclein, linked to cognitive decline in Alzheimer&#8217;s patients. 
The presentation by Dr. Paul Y. Song will take place on July 30, 2024. Additional details and a copy of the poster will be available on NKGen&#8217;s website. The company says previous Phase 1 data on SNK01&#8217;s effects on other Alzheimer&#8217;s biomarkers are also available on their website.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/39833542/apple-nvidia-supplier-tsmc-stock-rises-in-thursdays-premarket-after-crashing-8-in-last-session-what">Apple, Nvidia Supplier TSMC Stock Rises In Thursday&#8217;s Premarket After Crashing 8% In Last Session</a>
<h2 class="wp-block-heading">How To Buy NKGN Stock</h2>
By now you're likely curious about how to participate in the market for NKGen Biotech &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of NKGen Biotech, which is trading at $0.94 as of publishing time, $100 would buy you 106.38 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
NKGN has a 52-week high of $6.70 and a 52-week low of $0.78.

NKGN

Why NKGen Biotech (NKGN) Stock Is Skyrocketing

Barclays analyst Adam Seiden maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Equal-Weight and raises the price target from $39 to $45.

Barclays Maintains Equal-Weight on Fluor, Raises Price Target to $45

Over the past 24 hours, Stellar's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xlm/usd">XLM</a>) price has fallen 6.11% to $0.10. This is opposite to its positive trend over the past week where it has experienced a 16.0% gain, moving from $0.09 to its current price. 
The chart below compares the price movement and volatility for Stellar over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1721315023_0.png" alt="price_chart" />
Stellar's trading volume has climbed 178.0% over the past week along with the circulating supply of the coin, which has increased 0.18%. This brings the circulating supply to 29.31 billion, which makes up an estimated 58.62% of its max supply of 50.00 billion. According to our data, the current market cap ranking for XLM is #33 at $3.02 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1721315023_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Stellar Decreases More Than 6% Within 24 hours

Sinch AB (publ) GAAP EPS of SEK 0.05, revenue of SEK 7.27B

Sinch AB (publ) GAAP EPS of SEK0.05, revenue of SEK7.26M

Sinch AB (CLCMF) Q3 2023 Earnings Call Transcript

In a report released today, Laura Metayer from Morgan Stanley downgraded Sinch AB (CLCMF – Research Report) to a Sell, with a price target of SEK26...

Sell Rating Justified by Overvaluation and Operational Risks for Sinch AB

Sinch AB (publ) GAAP EPS of SEK0.17, revenue of SK7.53B

Sinch AB (publ) 2023 Q4 - Results - Earnings Call Presentation

Sinch AB (publ) (CLCMF) Q4 2023 Earnings Call Transcript

Sinch AB (publ) reports Q1 results

Sinch AB (publ) 2024 Q1 - Results - Earnings Call Presentation

Sinch AB (publ) (CLCMF) Q1 2024 Earnings Call Transcript

Sinch

Softbank Group Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sftby#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SFTBY</a>) offloaded its stake in the struggling British online shopping firm&nbsp;THG Plc&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/thgpf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">THGPF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/thghy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">THGHY</a>) to co-founder Matthew Moulding and Qatar Investment Authority.

The move ended speculation about Softbank&#39;s fateful investment, writing off up to &pound;450 million ($511 million) of a stake previously valued at about &pound;500 million, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-10-17/softbank-sells-thg-stake-to-ceo-qia-after-massive-share-drop?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>.

SB Northstar, the fourth largest shareholder in THG, will sell its 80.6 million shares, representing about 6.4% of the British company&#39;s capital, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/markets/deals/japans-softbank-sells-stake-thg-2022-10-17/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.

THG and SoftBank had agreed to terminate their collaboration in July due to challenging global market conditions.

While it is unclear exactly how much Softbank lost on the deal, it is selling its stake for just &pound;31 million. The QIA, already a shareholder, will purchase about 84% of the shares, and the transaction will likely occur on October 20.

THG, formerly known as The Hut Group, operates hundreds of websites offering beauty, skincare, and health-food products and helping rivals sell online via Ingenuity.&nbsp;

THG&#39;s shares have fallen by 80% in 2022. It issued a profit warning in September on weaker consumer appetite in the U.K. and higher costs for raw materials&nbsp;

Takeover speculation has constantly stirred around THG after Moulding said he regretted floating the company and hinted he might take the business private again.

Moulding&#39;s purchase will take his holding in THG to 320.9 million shares, about 25% of the group&#39;s capital.

In September, Softbank sold its entire stake in&nbsp;Sinch AB&nbsp;(OTC:&nbsp;CLCMF) following a share price collapse of more than 90% in the Swedish&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/29097875/softbank-offloads-stake-in-this-pandemic-favorite-as-losses-weigh" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">cloud-based platform provider</a>.&nbsp;

Softbank founder Masayoshi Son had shared cost-cut intentions at his conglomerate and the Vision Fund investment arm after a record $ 23 billion loss.&nbsp;

Price Action:&nbsp;SFTBY shares traded lower by 1.85% at $18.60 on the last check Tuesday.

More Stake Sale Of Softbank's Loss Making Businesses, Latest Being This British E-Commerce Retail

<ul>
	<li>Softbank Group Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) has sold its entire stake in&nbsp;Sinch AB&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLCMF#OTC">CLCMF</a>) following a share price collapse of more than 90% in the Swedish cloud-based platform provider.&nbsp;</li>
	<li>Sinch plummeted 93% from a peak in September 2021 following disappointing earnings reports,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-09-30/softbank-sells-entire-stake-in-troubled-swedish-cloud-firm-sinch?srnd=technology-vp&amp;sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg</a>&nbsp;reports.</li>
	<li>The stock is also among the most shorted in Europe.</li>
	<li>In 2020, Sinch became an investor favorite as pandemic lockdowns fueled demand for its messaging services.&nbsp;</li>
	<li>Investors also cheered its aggressive pace of acquisitions.</li>
	<li>The report added that Softbank, which acquired a tenth of Sinch in November 2020, sold its remaining stake of 5% to Sinch&#39;s co-founder and interim CEO Johan Hedberg and Neqst D2 AB, a firm connected to the company&#39;s Chair Erik Froberg.&nbsp;</li>
	<li>The stake acquisition by Sinch&#39;s largest shareholder and the firm&#39;s co-founder could partially offset the potentially harmful aspect of the Softbank sale,&nbsp;Morgan Stanley&nbsp;said.</li>
	<li>Softbank started laying off employees at its<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/29075197/recession-softbank-vision-fund-weighs-downsizing-up-to-30" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;loss-making Vision Fund</a>.</li>
	<li>Earlier, Softbank founder Masayoshi Son had shared cost-cut intentions at his conglomerate and the Vision Fund investment arm after a record $23-billion loss. Most of the losses came from a plunge in the valuations of portfolio companies, including South Korea&#39;s&nbsp;Coupang, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) and&nbsp;DoorDash, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NYSE">DASH</a>).</li>
	<li>Price Action:&nbsp;SFTBF shares were down 0.76% at $34.54 at the last check Friday.</li>
</ul>

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Latest news for Sinch (OTC:CLCMF) Stock

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