Latest news for China Railway Signal (OTC:CRYCY) Stock

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General engineering contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

News

Movers & Shakers

Intraday Update

Markets

Movers

Trading Ideas

General

ADAP

ADGO

AEYE

AIHS

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ANDE

APEI

Adtalem Global Education Inc. Common Stock

ATGE

ATVK

AXAS

AXTI

BARRF

BBIO

BCDS

BIOL

BLFR

BRSWQ

BRTX

BTCS

BTLLF

CCAN

CCRC

CDEV

CELLCUBE ENERGY STORAGE by Cellcube Energy Storage Sys Inc.

CECBF

CELC

CGNSF

CHCX

CLVS

CMCT

CNONF

CNSL

COBALT BLOCKCHAIN INC by Cobalt Blockchain Inc.

COBCF

CRTPF

CRUUF

CRYCY

DKAM

DLOC

ELOX

EMESQ

EWLL

EZCL

FSDDF

FUAPF

GALXF

GEMP

GNFT

GNFTF

GRTD

HAON

HTBX

HUTN

INMB

IRNC

JAGX

KALV

KOIOS BEVERAGE CORP by Koios Beverage Corp.

KBEVF

LIVX

LRSNF

LRTTF

LTMCF

MAKSY

MAYS

MINE

MMMM

MORF

MRNJ

MARICANN GROUP INC ORD by Maricann Group Inc

MRRCF

MRSN

MYMMF

MYOV

NANX

NEOM

NMTC

NSPXD

NUGS

OMAG

PBBSF

PEYUF

PGPEF

PHMB

PNAT

PPSI

PRPM

PTAIF

RTIX

SCON

SLCA

SPLIF

Stocks That Hit 52-Week Lows Of Monday

CHINA RAILROAD SIG U/ADR by China Railroad Signal & Communication Corp Ltd.

China Railway Signal & Communication Corp Ltd

Morgan Stanley analyst Brian Harbour maintains Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) with a Overweight and raises the price target from $85 to $90.

Price Target

Analyst Ratings

CAVA

Morgan Stanley Maintains Overweight on Cava Group, Raises Price Target to $90

Morgan Stanley analyst John Glass maintains Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Equal-Weight and lowers the price target from $20 to $19.

Morgan Stanley Maintains Equal-Weight on Wendy's, Lowers Price Target to $19

Workhorse Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) shares are moving higher on Tuesday. The electric vehicle company was awarded a Sourcewell contract for<a href="https://www.benzinga.com/news/24/07/39791796/workhorse-secures-sourcewell-contract-for-zero-emission-commercial-vehicles-financial-terms-not-disc"> zero-emission vehicles</a>. 
The Details: Workhorse was awarded the Sourcewell contract for procurement in the category of Class 4-8 chassis and cabs with related equipment, accessories, and services.
The contract allows Workhorse to expand its reach to government, educational, and nonprofit sectors within the United States and Canada. Sourcewell is a government agency which streamlines procurement by combining the purchasing power of many entities. The process does meet the public bidding requirements. 
Separately, the company is set to be one of the presenters at the Gateway Conference which will take place in San Francisco in early September.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39796336/whats-going-on-with-totalenergies-shares-today">What&#8217;s Going On With TotalEnergies Shares Today?</a>
WKHS Price Action: Workhorse Group shares are trading up 23.9% at $2.04, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: 5710164 from Pixabay.

WKHS

What's Going On With Workhorse Group Stock Tuesday

Morgan Stanley analyst John Glass maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Equal-Weight and lowers the price target from $82 to $81.

Morgan Stanley Maintains Equal-Weight on Sysco, Lowers Price Target to $81

WIIM

Workhorse Group shares are trading higher after the company was awarded a Sourcewell contract for procurement in the category of Class 4-8 chassis and cabs with related equipment, accessories, and services.

Cantor Fitzgerald analyst C J Muse maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Neutral and raises the price target from $1100 to $1200.

LRCX

Cantor Fitzgerald Maintains Neutral on Lam Research, Raises Price Target to $1200

Investors with a lot of money to spend have taken a bullish stance on Pan American Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PAAS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Pan American Silver.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 25%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $187,360, and 9 are calls, for a total amount of $439,905.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $25.0 for Pan American Silver during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Pan American Silver's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pan American Silver's whale activity within a strike price range from $10.0 to $25.0 in the last 30 days. 
<h3>Pan American Silver Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721147480_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.9</td>
<td>$1.8</td>
<td>$1.85</td>
<td>$25.00</td>
<td>$138.1K</td>
<td>7.0K</td>
<td>175</td>
</tr>
<tr>
<td>PAAS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.2</td>
<td>$0.8</td>
<td>$0.9</td>
<td>$21.00</td>
<td>$98.8K</td>
<td>426</td>
<td>0</td>
</tr>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.1</td>
<td>$17.00</td>
<td>$63.9K</td>
<td>839</td>
<td>100</td>
</tr>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.95</td>
<td>$1.85</td>
<td>$1.9</td>
<td>$25.00</td>
<td>$48.4K</td>
<td>7.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>PAAS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$1.0</td>
<td>$0.9</td>
<td>$0.95</td>
<td>$21.00</td>
<td>$45.4K</td>
<td>426</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Pan American Silver</h3>
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
Following our analysis of the options activities associated with Pan American Silver, we pivot to a closer look at the company's own performance.
<h3>Pan American Silver's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 3,346,977, the PAAS's price is up by 3.81%, now at $24.09. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 22 days.</li>
</ul>
<h3>What Analysts Are Saying About Pan American Silver</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $28.5.
<ul>
<li>Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Pan American Silver, targeting a price of $22. </li>
<li>Maintaining their stance, an analyst from CIBC continues to hold a Outperformer rating for Pan American Silver, targeting a price of $35. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Pan American Silver, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

PAAS

This Is What Whales Are Betting On Pan American Silver

Investors with a lot of money to spend have taken a bullish stance on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NEM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 18 uncommon options trades for Newmont.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $129,422, and 15 are calls, for a total amount of $749,158.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $60.0 for Newmont, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Newmont's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Newmont's significant trades, within a strike price range of $20.0 to $60.0, over the past month.
<h3>Newmont Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721147475_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$45.00</td>
<td>$132.3K</td>
<td>9.4K</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$9.6</td>
<td>$9.4</td>
<td>$9.51</td>
<td>$40.00</td>
<td>$113.1K</td>
<td>14.2K</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.4</td>
<td>$3.35</td>
<td>$3.4</td>
<td>$52.50</td>
<td>$67.9K</td>
<td>11.7K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.95</td>
<td>$3.85</td>
<td>$3.85</td>
<td>$45.00</td>
<td>$55.8K</td>
<td>316</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$8.55</td>
<td>$8.45</td>
<td>$8.5</td>
<td>$40.00</td>
<td>$55.2K</td>
<td>2.1K</td>
<td style="text-align: right;">4</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
In light of the recent options history for Newmont, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Newmont's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,727,346, the NEM's price is up by 2.25%, now at $48.41. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 8 days.</li>
</ul>
<h3>Expert Opinions on Newmont</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $53.75.
<ul>
<li>In a positive move, an analyst from CIBC has upgraded their rating to Outperformer and adjusted the price target to $61. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Newmont with a target price of $50. </li>
<li>An analyst from UBS upgraded its action to Buy with a price target of $50. </li>
<li>Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Newmont with a target price of $54. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on Newmont: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bearish stance on Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UPST, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Upstart Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 45%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $202,413, and 18 are calls, for a total amount of $795,669.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $50.0 for Upstart Hldgs, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Upstart Hldgs options trades today is 1244.87 with a total volume of 3,823.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Upstart Hldgs's big money trades within a strike price range of $15.0 to $50.0 over the last 30 days.
<h3>Upstart Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721147469_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$2.71</td>
<td>$2.55</td>
<td>$2.55</td>
<td>$35.00</td>
<td>$238.8K</td>
<td>2.0K</td>
<td>48</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$1.3</td>
<td>$1.26</td>
<td>$1.26</td>
<td>$28.00</td>
<td>$89.3K</td>
<td>208</td>
<td>0</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$18.5</td>
<td>$17.7</td>
<td>$17.7</td>
<td>$17.50</td>
<td>$60.1K</td>
<td>115</td>
<td>0</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$11.45</td>
<td>$10.7</td>
<td>$11.06</td>
<td>$40.00</td>
<td>$44.7K</td>
<td>0</td>
<td>60</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$1.4</td>
<td>$1.35</td>
<td>$1.35</td>
<td>$28.00</td>
<td>$43.1K</td>
<td>208</td>
<td>2.2K</td>
</tr>
</tbody>
</table>

<h3>About Upstart Hldgs</h3>
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit and small dollar loans.
<h3>Present Market Standing of Upstart Hldgs</h3>
<ul>
<li>With a volume of 4,773,843, the price of UPST is up 2.08% at $30.58. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Upstart Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

UPST

Unpacking the Latest Options Trading Trends in Upstart Hldgs

Morgan Stanley analyst John Glass maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Equal-Weight and lowers the price target from $86 to $83.

Morgan Stanley Maintains Equal-Weight on Restaurant Brands Intl, Lowers Price Target to $83

The Federal Trade Commission (FTC) just released an interim <a href="https://www.ftc.gov/system/files/ftc_gov/pdf/pharmacy-benefit-managers-staff-report.pdf">report</a> showing how pharmacy benefit managers (PBMs) "profit at the expense of patients by inflating drug costs and squeezing Main Street pharmacies."&nbsp;
According to the FTC, these middlemen, who handle prescription drug benefits for health insurers, employers, and others, are raising drug prices and putting pressure on independent pharmacies.
Don't Miss:
<ul>
<li>Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1"> now harbor a huge investment opportunity at just $500.</a></li>
<li>General Motors and other leaders revealed to be <a href="https://www.benzinga.com/money/energyx" target="_blank" rel="noreferrer noopener">investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a></li>
</ul>
The report shows that six big companies handle almost 90% of all prescriptions in the U.S. Because they have so much control, they can set high drug prices, making it hard for patients to afford their medicines. As a result, nearly 30% of Americans have reported skipping doses or rationing their medications.
The FTC Chair, Lina M. Khan, said about the report that it "Details how PBMs can squeeze independent pharmacies that many Americans — especially those in rural communities — depend on for essential care. The FTC will continue using all our tools and authorities to scrutinize dominant players across health care markets and ensure Americans can access affordable health care."
Mark Cuban, billionaire entrepreneur and owner of the Dallas Mavericks, quickly responded to the FTC&#8217;s discoveries. In a <a href="https://x.com/mcuban/status/1810715872119718285">tweet</a>, he voiced his lack of surprise:
"Anyone surprised by this? Please share with every CEO, CFO, and HR person you know. If you are a shareholder or Wall Street analyst, ask your portfolio companies who their PBM is, not if they are being ripped off, but how badly. This should be a question in every quarterly earnings call. &#8216;How much can you add to the bottom line by changing to a pass-through PBM?&#8217;"
Trending: 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.</a>
The <a href="https://www.benzinga.com/government/24/07/39695378/ftc-investigation-uncovers-anti-competitive-practices-by-handful-of-pharmacy-benefit-managers-includ">FTC&#8217;s investigation</a> started in 2022 and targeted the biggest PBMs, such as Caremark Rx, Express Scripts, and OptumRx. The report shows that the top three PBMs handled almost 80% of the 6.6 billion prescriptions filled in 2023, while the top six PBMs processed more than 90%. Because these big companies have merged and integrated so much, they now have a lot of control over whether Americans can get and afford their prescription drugs, according to the report.
Additionally, they say that PBMs tend to favor their pharmacies, which can drive up drug costs for patients. Independent pharmacies are stuck with unclear and harmful contract terms, making it hard for them to compete. PBMs and drug manufacturers sometimes exclude cheaper generic drugs in favor of higher rebates from brand-name drugs.
See Also: Many are surprised by Mark Cuban&#8217;s advice for lotto winners:<a href="https://www.benzinga.com/money/mark-cubans-annuity-adv"> Cash or annuity?</a>
<h2 class="wp-block-heading">Mark Cuban&#8217;s Interest</h2>
In January 2022, Mark Cuban started his own pharmacy, the Mark Cuban Cost Plus Drug Company. His pharmacy&#8217;s goal is to provide affordable medications by <a href="https://www.benzinga.com/news/23/03/31478541/mark-cubans-game-changing-startup-how-he-plans-to-take-on-a-365-billion-industry">eliminating middlemen</a> like pharmacy benefit managers (PBMs) and offering drugs at a lower, transparent price.
Knowing his background, it&#8217;s no wonder he&#8217;s so interested in this FTC report. His pharmacy&#8217;s mission is to make drugs more affordable, and he wants to bring attention to these unfair practices and encourage businesses and investors to ask tough questions about how PBMs are affecting drug costs.
Read Next:
<ul>
<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> here&#8217;s how to get started investing in real estate with just $100</a></li>
<li>This investment company boasts a 35.14% internal rate of return (IRR) for its realized projects, allowing accredited investors to<a href="https://www.benzinga.com/money/bam-capital"> earn passive returns and avoid the headaches of being a landlord.</a></li>
</ul>

Personal Finance

Patients Pay The Price As Drug Middlemen Profit, Says FTC Report. Mark Cuban's Take: 'Anyone Surprised By This?'

Cantor Fitzgerald analyst C J Muse maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Neutral and raises the price target from $800 to $950.

KLAC

Cantor Fitzgerald Maintains Neutral on KLA, Raises Price Target to $950

Morgan Stanley analyst John Glass maintains Yum Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) with a Overweight and lowers the price target from $155 to $153.

Morgan Stanley Maintains Overweight on Yum Brands, Lowers Price Target to $153

Cantor Fitzgerald analyst C J Muse reiterates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Neutral and maintains $40 price target.

Reiteration

INTC

Cantor Fitzgerald Reiterates Neutral on Intel, Maintains $40 Price Target

Morgan Stanley analyst John Glass maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Equal-Weight and lowers the price target from $70 to $60.

JACK

Morgan Stanley Maintains Equal-Weight on Jack In The Box, Lowers Price Target to $60

Morgan Stanley analyst Brian Harbour maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Equal-Weight and lowers the price target from $108 to $100.

SHAK

Morgan Stanley Maintains Equal-Weight on Shake Shack, Lowers Price Target to $100

<a href="https://www.afacwa.org/united_2024strikevote#:~:text=Strike%20vote%20ballots%20will%20be,%2C%20Southwest%2C%20and%20American%20Airlines.">https://www.afacwa.org/united_2024strikevote#:~:text=Strike%20vote%20ballots%20will%20be,%2C%20Southwest%2C%20and%20American%20Airlines.</a>
Flight Attendants at United Airlines, represented by the Association of Flight Attendants-CWA (AFA), will take a strike authorization vote after continued frustrations in contract negotiations. This is the first time since the 2005 bankruptcy negotiations that Flight Attendants at the major airline will vote on strike authorization. This United management team rewards themselves with <a href="https://www.afacwa.org/ual_picket_contract_executive_comp_skyrockets">massive compensation increases</a> while Flight Attendants struggle to pay basic bills.&nbsp;
"United Flight Attendants can't afford to wait for improvements. We deserve an industry-leading contract, and we are ready to show United management that we will do whatever it takes," said Ken Diaz, president of the United chapter of the Association of Flight Attendants-CWA, representing 28,000 United Airlines Flight Attendants. "There is no time to waste. Our negotiations are at a critical state, the issues are clear, and the time to act is now."
United Flight Attendants filed for federal mediation nearly eight months ago and have been working under an amendable contract for nearly three years. Now – with negotiations at a critical stage and management delaying on an industry-leading contract – United Flight Attendants are making clear that they are unified in their fight for a fair contract.
Strike vote ballots will be sent to the 28,000 Flight Attendants, with the vote opening August 1, 2024 and closing on August 28, 2024 as Labor Day travel begins.
Recent strike authorization votes have propelled negotiations forward at <a href="https://www.afacwa.org/alaska_vote_authorize_strike">Alaska</a>, Southwest, and American Airlines.&nbsp;
AFA has a trademarked strike strategy known as <a href="https://www.afacwa.org/chaos">CHAOS</a>&#x2122; or Create Havoc Around Our System&#x2122;. With CHAOS, a strike could affect the entire system or a single flight. The union decides when, where and how to strike without notice to management or passengers. The right to strike is triggered when the National Mediation Board (NMB) declares that negotiations are deadlocked and releases both parties into a 30-day "cooling off" period leading to a strike deadline.&nbsp;
United Flight Attendant attendants are demanding in addition to significant double-digit base pay increase, increased pay for time at work including on the ground, retroactive pay to the amendable date, schedule flexibility and work rule improvements, job security, retirement and more.&nbsp;

Contracts

Management

'United Airlines Flight Attendants Will Vote on Strike Authorization as Management Continues to Drag Out Negotiations'

Morgan Stanley analyst Brian Harbour maintains Performance Food Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) with a Equal-Weight and lowers the price target from $80 to $76.

PFGC

Morgan Stanley Maintains Equal-Weight on Performance Food Gr, Lowers Price Target to $76

Citigroup analyst William Katz maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Buy and raises the price target from $920 to $930.

Citigroup Maintains Buy on BlackRock, Raises Price Target to $930

Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Tuesday.</a>
The company disclosed that private equity funds affiliated with Blackstone entered into a definitive agreement to acquire Trystar, a premier provider of electrical equipment <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39792524/blackstone-to-acquire-trystar-premier-provider-of-backup-power-solutions" 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.
In another development, Blackstone and CVC Capital Partners Plc are among the private equity firms considering bids for StandardAero, potentially valuing the aircraft maintenance services provider at over $10 billion, including debt, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-16/blackstone-cvc-weigh-bids-for-carlyle-s-standardaero?srnd=phx-deals&amp;sref=TBDibEcD" rel="noreferrer noopener">reported </a>Bloomberg.
Veritas Capital has shown preliminary interest in acquiring the Carlyle-backed business, the report read, citing people familiar with the matter.
Carlyle is anticipated to request first-round bids this week, with potential for additional bidders to emerge. Collaborative bids from multiple firms are also possible.
Carlyle is working&nbsp;with JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) to explore options, including a potential sale or initial public offering of StandardAero.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39793333/morgan-stanley-q2-earnings-higher-profits-as-investment-banking-activity-rebounds-on-track-to-reach" rel="noreferrer noopener"> Morgan Stanley Q2 Earnings: Higher Profits As Investment Banking Activity Rebounds, On Track To Reach $10T Client Assets</a>
Discussions are ongoing, and it remains uncertain whether any of the private equity firms will ultimately proceed with a deal for StandardAero.
StandardAero, headquartered in Scottsdale, Arizona, specializes in gas turbine engine maintenance, repair, and overhaul services. With approximately 7,500 employees, it serves major clients, including GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), Safran SA, and Pratt &amp; Whitney. Recently, it secured a long-term contract to maintain CFM International&#8217;s LEAP-1A and LEAP-1B engines.
Carlyle completed its acquisition of StandardAero from Veritas in 2019.
Investors can gain exposure to the stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>)
and&nbsp;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 trading higher by 2.53% to $135.71&nbsp;at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/06/39473129/jpmorgan-attracts-over-15b-in-tax-strategy-business-from-wealthy-clients-as-it-looks-to-catch-up" target="_blank" rel="noreferrer noopener">JPMorgan Attracts Over $15B In Tax Strategy Business From Wealthy Clients As It Looks To Catch Up To Rivals: Report</a></li>
</ul>

-

-

-

-

-

-

-

-

-

-

-

-

-

-

China Railway Signal

News

Latest news for China Railway Signal (OTC:CRYCY) Stock

Tuesday, March 24, 2020

Monday, October 07, 2019