Latest news for Avolta (OTC:DUFRY) Stock

Avolta AG is the world's largest duty-free shop operator and leader in travel retail. Airports make up over 80% of the company's (Avolta and acquired Autogrill) total revenue. Avolta's main markets are Europe and the Americas (about 47% of revenue each), while Asia contributed 6% in 2022.

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DUFRY

On Tuesday, shares of Dufry Ag (OTC: DUFRY) experienced volatile short activity. After the activity, the stock price went down -3.15% to $4.3.

The overall sentiment for DUFRY has been Bullish.

Short Volatility Alert: Dufry Ag

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On CNBC&#39;s &#34;Fast Money Final Trades,&#34; Barbara Ann Bernard said she likes Dufry (OTC: DUFRY) and thinks it could double in three years.

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Small Cap

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On CNBC&#39;s &#34;Fast Money Final Trades,&#34; Nadine Terman said Dufry ADR (OTC: DUFRY) upgraded shopping areas so when luxury travelers get going, this one is going to win.

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RBC Capital analyst Manjari Dhar maintained a Buy rating on Dufry AG (0QK3 – Research Report) yesterday and set a price target of CHF53.00. The com...

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Avolta AG (DUFRY) Q2 2024 Earnings Call Transcript

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Avolta

On Tuesday, shares of Dufry Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DUFRY#OTC">DUFRY</a>) experienced volatile short activity. After the activity, the stock price went down -3.15% to $4.3.

The overall sentiment for DUFRY has been Bullish.

The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.

The volatility alert was produced on the prior trading date, 2/21/2023 with a volatility change of +265.53%. The current volatility indicator stands at 15.26.

Overview:
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.

Understanding the Volatility Alert:
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.

ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

On <a href="https://www.cnbc.com/video/2021/04/09/final-trades-dufry-uga-aapl-dal.html">CNBC&#39;s &quot;Fast Money Final Trades,&quot;</a> Barbara Ann Bernard said she likes Dufry (OTC:<a class="ticker" href="/stock/DUFRY#OTC">DUFRY</a>) and thinks it could double in three years.

James McDonald is a buyer of United States Gasoline Fund LP (NYSE:<a class="ticker" href="/stock/UGA#NYSE">UGA</a>).

Steve Grasso wants to buy Apple Inc. (NASDAQ:<a class="ticker" href="/stock/AAPL#NASDAQ">AAPL</a>).

Guy Adami would be a buyer of Delta Air Lines, Inc. (NYSE:<a class="ticker" href="/stock/DAL#NYSE">DAL</a>) going into earnings.

&nbsp;

'Fast Money' Picks For April 12

On <a href="https://www.cnbc.com/video/2021/03/12/final-trades-dufry-ccl-wpf-ilmn.html">CNBC&#39;s &quot;Fast Money Final Trades,&quot;</a> Nadine Terman said Dufry ADR (OTC:<a class="ticker" href="/stock/DUFRY#OTC">DUFRY</a>) upgraded shopping areas so when luxury travelers get going, this one is going to win.

Bonawyn Eison wants to play momentum in the cruise lines. Carnival Corp (NYSE:<a class="ticker" href="/stock/CCL#NYSE">CCL</a>) is his pick in the sector, but he would be trading the stock.

Steve Grasso said it is time to end this silly underperformance in Foley Trasimene Acquisition Corp (NYSE:<a class="ticker" href="/stock/WPF#NYSE">WPF</a>). He is a buyer of the stock.

Jeff Mills likes Illumina, Inc. (NASDAQ:<a class="ticker" href="/stock/ILMN#NASDAQ">ILMN</a>).

&nbsp;

'Fast Money' Picks For March 15

Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="/stock/BABA#NYSE">BABA</a>) has agreed to acquire up to a 9.99% stake in Switzerland-based travel retailer Dufry AG (OTC:<a class="ticker" href="/stock/DUFRY#OTC">DUFRY</a>), the latter said in a <a href="https://www.dufry.com/en/press_release/2020-10-05/dufry-and-alibaba-group-have-agreed-form-strategic-joint-venture-china-and">statement</a> Monday.

What Happened: The investment will be made through a rights issue that will rake in $763 million &mdash; higher than the&nbsp;$545 million Dufry had hoped to raise prior to Alibaba&rsquo;s commitment.

Alibaba is paying CHF 28.50 ($31.05) per share &mdash; the same rate that Advent International Corporation is paying to invest CHF 415 million&nbsp;($452.10&nbsp;million) in the retailer.

Dufry said that the proceeds of the investments would be used to acquire the remaining equity of the New Jersey-based airport facilities provider Hudson Ltd (NYSE:<a class="ticker" href="/stock/HUD#NYSE">HUD</a>), as well as, for general corporate purposes.

The Jack Ma-co-founded group and the Swiss retailer are also forming a joint venture to explore China&#39;s travel retail business and to enhance Dufry&rsquo;s digital transformation.&nbsp;

The joint venture will be 51% owned by Alibaba Group and 49% by Dufry.

Why It Matters: Dufry first entered the Chinese market in 2008 and is present in Hong Kong and Macau as well, the company said.

In August, Hudson had entered into an agreement to sell all its <a href="https://www.benzinga.com/pressreleases/20/08/b17150573/hudson-announces-proposed-acquisition-of-all-remaining-equity-interests-in-the-company-by-dufry-ag">remaining</a> equity at $7.70 in cash to Dufry.&nbsp;

Upon completion of the agreement, Hudson would operate as a wholly-owned subsidiary and will be delisted from the New York Stock Exchange.&nbsp;

Gil Luria, director of research at D.A. Davidson, said last week that Alibaba needs to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/10/17730599/alibaba-risks-saturation-if-it-doesnt-expand-to-new-markets-soon-says-analyst">expand beyond</a> China and Southeast Asia, where it faces saturation.

Price Action: Alibaba shares closed 0.65% lower at $288.17 on Friday and fell nearly 0.4% in the after-hours session. On the same-day, Dufry OTC shares closed almost 3.4% lower at $2.99.

Photo courtesy: N509FZ via Wikimedia

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Alibaba To Pick Up Nearly 10% Stake In Dufry With $763M Investment

Hudson Ltd (NYSE:<a class="ticker" href="/stock/HUD#NYSE">HUD</a>), a duty-paid and duty-free travel retail company, recently offered 39.42 million shares in an <a href="https://www.benzinga.com/news/ipos/17/11/10782091/hudson-ltd-files-for-100m-ipo">IPO</a>, pricing the shares at $19 on Feb. 1.
<h3>
	The Analyst</h3>
Morgan Stanley analyst Kimberly Greenberger initiated coverage of <a href="https://www.benzinga.com/pressreleases/18/02/n11138495/hudson-group-announces-closing-of-initial-public-offering">Hudson Ltd</a> with an Equal-weight rating and a $18 price target.
<h3>
	The Thesis</h3>
Airport retailing provides Hudson with natural protection from e-commerce, given the captive customer and need-based purchasing, Greenberger said in a note. The company is also shielded from competition due to the high barriers to entry and a protective moat around the industry, the analyst said.
Three parties, namely airport agencies, minority-owned small business JV partners and parent company DUFRY AG (OTC:<a class="ticker" href="/stock/DUFRY#OTC">DUFRY</a>) could benefit from the success of Hudson, Greenberger said. However, once these stakeholders are paid, there is little profit or cash flow left to pay its shareholders, with EBITDA and EBIT margins likely to be 10 percent and 4 percent, respectively, the analyst added.
Morgan Stanley sees like-for-like sales, organic sales growth and EBITDA, excluding non-controlling interest, as key value drivers for Hudson.
&quot;We initiate Equal-weight with a positive bias as we see +7% upside to our $18 price target and a 1:5:1 positive risk/reward skew,&quot; the firm said. &quot;However, identifiable catalysts remain elusive.&quot;
<h3>
	The Price Action</h3>
Hudson shares were down about 4.8 percent from the day of its listing on Feb. 1.
At time of writing, shares were down 1.7 percent at $16.47.
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Morgan Stanley Says Hudson Ltd Catalysts Remain Elusive

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