Latest news for Clearwave (OTC:CWTC) Stock

Clearwave Telecommunications Inc is engaged in providing wholesale and corporate telecommunications infrastructure service. It deploys fibre optic and air fibre networks, throughout the Caribbean and South America.

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Stocks That Hit 52-Week Highs On Tuesday

CLEARWAVE TELECOMM INC by Clearwave Telecommunications, Inc.

Clearwave Telecommunications Inc

QMMM

QMMM Holdings Shares Halted On Circuit Breaker To The Upside

QMMM Shares Resume Trade

FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) shares are trading lower after the company experienced <a target="_blank" href="https://www.fedex.com/en-us/service-alerts.html?cmp=EMC-1002168-1-1-200-1111110-GLBL-US-EN-SRDISRUPT071924" rel="noreferrer noopener">disruptions </a>across its networks due to a global IT outage caused by a software vendor on Friday.
This widespread tech outage has affected multiple industries, including airlines, broadcasters, banking, and healthcare, creating substantial operational challenges.
It remains unclear if FedEx's network disruptions are linked to the outages at Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), reported Reuters.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat" rel="noreferrer noopener">Windows PCs Crash Worldwide With Users Experiencing Blue Screen Of Death Issue, CrowdStrike Confirms Defect: &#8216;Fix Has Been Deployed&#8217; (UPDATED)</a>
FedEx said it &#8220;has activated contingency plans to mitigate impacts from a global IT outage experienced by a third party software vendor. However, potential delays are possible for package deliveries with a commitment of July 19, 2024.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39579791/is-fedex-spying-on-you-civil-rights-analyst-calls-ai-surveillance-program-profoundly-disconcerting" rel="noreferrer noopener">Is FedEx Spying On You? Civil Rights Analyst Calls AI Surveillance Program &#8216;Profoundly Disconcerting&#8217;</a>
FedEx is not the only logistics company facing challenges. Peer company United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) also warned of possible delivery delays, citing contingency plans to address the issues, the report added.
Additionally, railroad operator Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) <a target="_blank" href="https://www.up.com/index.htm" rel="noreferrer noopener">reported </a>that the CrowdStrike software outage had &#8220;varying levels of impact&#8221; across its network, though backup protocols have assisted in maintaining communication with teams and dispatchers.
The global tech outage on Friday disrupted operations in various sectors, causing airlines to halt flights, broadcasters to go off-air, and impacting banking and healthcare systems.
Also See: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country" rel="noreferrer noopener">Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED)</a>
FedEx stock has gained about 17% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: FDX shares are trading lower by 0.54% at $304.95 at last check Friday.
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//node/39509568" target="_blank" rel="noreferrer noopener">FedEx Q4 Results &#8216;Solid,&#8217; 2025 Guidance &#8216;Appropriate,&#8217; Freight Spinoff &#8216;Tantalizing Opportunity For Investors&#8217;: 7 Analysts Size Up Results, What&#8217;s Next</a></li>
</ul>

Equities

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General

CRWD

iShares Dow Jones Transportation Average Index Fund

MSFT

Why Is Logistics Giant FedEx's Stock Trading Lower Today?

DA Davidson analyst Manuel Navas maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Buy and raises the price target from $16 to $19.

Price Target

Analyst Ratings

OSBC

DA Davidson Maintains Buy on Old Second Bancorp, Raises Price Target to $19

Augmedix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) will be acquired by Commure, Inc., in an all-cash transaction valued at approximately <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39856596/augmedix-to-join-forces-with-commure" rel="noreferrer noopener">$139 million in equity</a>.
Under the agreement, Augmedix stockholders will receive $2.35 per share in cash upon completion of the proposed transaction, and Augmedix will become a wholly-owned subsidiary of Commure.
Augmedix delivers AI medical documentation products to healthcare systems, physician practices, hospitals, and telemedicine practitioners.
Commure offers a suite of automated and AI-enabled hardware, software, and services for the healthcare sector.
The purchase price represents a premium of approximately 169% over the volume-weighted average price (VWAP) of Augmedix&#8217;s common stock for the 30 days ending July 18, 2024.
&#8220;This proposed transaction with Commure provides certainty and a premium value for our stockholders, representing a transformative next step in Augmedix&#8217;s mission to unburden clinicians of administrative tasks while dramatically improving health system efficiency,&#8221; said Manny Krakaris, Chief Executive Officer at Augmedix.
&#8220;As part of Commure, we believe Augmedix will be well-positioned to scale ambient documentation solutions to even more clinicians and health systems while simultaneously accelerating efforts to infuse more innovative features, integrations, and AI capabilities into our product suite.&#8221;
Tanay Tandon, CEO of Commure, <a target="_blank" href="https://www.commure.com/blog/commure-signs-deal-to-acquire-augmedix-nasdaq-augx-creating-the-largest-artificial-intelligence-software-provider-in-healthcare/" rel="noreferrer noopener">said</a> the companies are on track to power over 3 million physician appointments using artificial intelligence, ambient scribing, and revenue cycle automation this year.
&#8220;Commure Scribe and Augmedix Go, on average, save a physician 2 hours of documentation time a day, reducing documentation time by more than 80%, and help generate billions of dollars in productivity savings for providers across the country,&#8221; Tandon adds.
Commure processes billions of dollars worth of healthcare payments. The company adds that its suite helps power over 250,000 providers nationally.
The transaction is expected to close in the late third or early fourth quarter of 2024.
Price Action: At last check on Friday, AUGX stock was up 147.70% at $2.27.
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 by Pixels Hunter on Shutterstock

Health Care

Tech

AUGX

AI-Focused Healthcare Documentation Provider Augmedix Goes Private In $139M Deal

WIIM

Teradata shares are trading lower after UBS initiated a Sell rating on the stock and announced a $32 price target.

TD Securities analyst Michael Aelst upgrades Metro (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MRU#TSX">MRU</a>) from Hold to Buy and raises the price target from C$80 to C$92.

Upgrades

TSX:MRU

TD Securities Upgrades Metro to Buy, Raises Price Target to C$92

CarMax's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) short percent of float has fallen 7.46% since its last report. The company recently reported that it has 18.07 million shares sold short, which is 13.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.91 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>CarMax Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721403026_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CarMax 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 CarMax'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>, CarMax's peer group average for short interest as a percentage of float is 12.52%, 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

Looking Into CarMax's Recent Short Interest

Marriott Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NYSE">MAR</a>) short percent of float has fallen 8.65% since its last report. The company recently reported that it has 6.36 million shares sold short, which is 2.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.04 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>Marriott Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721403021_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Marriott Intl 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 Marriott Intl'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>, Marriott Intl's peer group average for short interest as a percentage of float is 7.57%, 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.

(MAR) - Analyzing Marriott Intl's Short Interest

Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) has outperformed the market over the past 20 years by 7.01% on an annualized basis producing an average annual return of 15.41%. Currently, Union Pacific has a market capitalization of $147.66 billion. 
Buying $1000 In UNP: If an investor had bought $1000 of UNP stock 20 years ago, it would be worth $17,394.90 today based on a price of $242.01 for UNP at the time of writing.
<h3>Union Pacific's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721403017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $17,000 Today

Hershey's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) short percent of float has fallen 4.47% since its last report. The company recently reported that it has 3.89 million shares sold short, which is 2.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.78 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>Hershey Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721403016_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hershey 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 Hershey'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>, Hershey's peer group average for short interest as a percentage of float is 4.46%, 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.

(HSY) - Analyzing Hershey's Short Interest

Permian Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PR#NYSE">PR</a>) has outperformed the market over the past 5 years by 7.85% on an annualized basis producing an average annual return of 20.76%. Currently, Permian Resources has a market capitalization of $10.36 billion. 
Buying $100 In PR: If an investor had bought $100 of PR stock 5 years ago, it would be worth $263.55 today based on a price of $16.00 for PR at the time of writing.
<h3>Permian Resources's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721403012_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Permian Resources 5 Years Ago Would Be Worth This Much Today

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