Latest news for Elior Gr (OTC:ELROF) Stock

Elior Group SA operates in the contracted food and support services industry. It provides catering services to business, education, health, and travel industries. Its business is divided into concession catering and contract catering. It has developed and promoted brands such as Elior, Elior services, Areas, Gemeaz, Serunion, etc. The firm mainly operates in France, Italy, the United States, Spain, and the United Kingdom.

Elior Group SA

News

Offerings

SCLX

Scilex Selling Shareholder Files For Sale Of Up To 3.5M Shares

Cryptocurrency markets are trading lower as Indian crypto exchange WazirX got exploited for <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39835533/wazirx-suffers-230m-hack-suspends-withdrawals-amid-security-breach">a $230 million loss</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$63,636.3</td>
<td>-1.7%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)&nbsp;</td>
<td>$3,406.33</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Solana&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$157.02</td>
<td>-0.18%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1183</td>
<td>-3.9%</td>
</tr>
<tr>
<td>Shiba Inu&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001705</td>
<td>-9.5%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volumes decreased by 26.1% and daily active addresses dropped by 3.4%. However, exchange netflows rose by 101.2%.</li>
<li>Coinglass data noted 49,154 traders were liquidated in the past 24 hours for $138.5 million. Short crypto liquidations ($33 million) came in at their lowest since July 7.</li>
<li>Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1813939782721974330">revealed</a> that 120,000 BTC, worth $7.2 billion, were withdrawn from crypto exchanges in the past two weeks.</li>
<li>In another <a href="https://x.com/ali_charts/status/1813981809828589705">post</a>, Martinez stated that Bitcoin miners sold 1,970 BTC in a few days amid Bitcoin rising above $60,000.</li>
<li>Cryptoquant founder &amp; CEO Ki Young Ju <a href="https://x.com/ki_young_ju/status/1813986352662282751">noted</a> that Bitcoin's retail investor demand is at 3-year low.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39841265/hong-kong-pushes-for-new-stablecoin-legislation">Hong Kong Pushes For New Stablecoin Legislation</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39846584/president-bidens-odds-of-exiting-the-race-surge-to-80-heres-whos-favored-now">President Biden&#8217;s Odds Of Exiting The Race Surge To 80%: Here&#8217;s Who&#8217;s Favored Now</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39832804/as-stablecoin-inflows-surge-to-all-time-highs-heres-what-it-could-mean-for-bitcoin-and-cry">As Stablecoin Inflows Surge To All-Time Highs, Here&#8217;s What It Could Mean For Bitcoin And Crypto Market</a></li>
<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>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39835533/wazirx-suffers-230m-hack-suspends-withdrawals-amid-security-breach">WazirX Suffers $230M Hack, Suspends Withdrawals Amid Security Breach</a></li>
</ul>
<h3 class="wp-block-heading">Top Losers:</h3>
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/–</td>
</tr>
<tr>
<td>Worldcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WLD</a>)</td>
<td>$2.66</td>
<td>-13.6%</td>
</tr>
<tr>
<td>Mog Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MOG</a>)</td>
<td>$0.000001881</td>
<td>-10%</td>
</tr>
<tr>
<td>Render (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RNDR</a>)</td>
<td>$6.37</td>
<td>-9.6%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: CEO/Founder Max of Because Bitcoin sees $62,750 as a &#8220;huge level&#8221; for Bitcoin and there are three technical factors. He <a href="https://x.com/MaxBecauseBTC/status/1814005700235805110">added</a> that if the market can bull chop and hold above then August will be great. However, in the worst case, "BTC can visit the yearly VWAP one more time, but we&#8217;d need a quick buyback if we went down there."
Crypto and blockchain investor, Crypto Batsman <a href="https://x.com/CryptosBatman/status/1813989956706009208">revealed</a> that the Bitcoin ETF issuers purchased 32,410 BTC, worth $2 billion. He predicts Q3 "shaping up to be very bullish for crypto space" as the Ethereum ETF and Bitcoin conference are happening next week.
On the contrary, Altcoin Sherpa predicts a bearish retest for Bitcoin.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Bearish retest, see you guys at 40k <a href="https://t.co/csLBKgxYIT">pic.twitter.com/csLBKgxYIT</a>
&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1813995661219766376?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Meanwhile, Rekt Capital noted Bitcoin being rejected from $65,000 and is clustering between $60,600-$65,000. He concluded, "BTC is ready to reclaim $65,000 as support to kickstart a new red cluster."</figcaption></figure>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin rejected from $65000 after upside wicking into it &amp; treating it as resistance The clustering continues between $60600-$65000 (green) Matter of time before BTC is ready to reclaim $65000 as support to kickstart a new red cluster<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/558u2spCWA">https://t.co/558u2spCWA</a> <a href="https://t.co/0K7qtFWxad">pic.twitter.com/0K7qtFWxad</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1813980042608931031?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">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: </figcaption></figure>
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39841773/bitcoins-mid-term-target-3-points-you-need-to-know">Bitcoin&#8217;s Mid-Term Target: 3 Points You Need To Know</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$MOG

$RNDR

$SHIB

$SOL

$WLD

Bitcoin, Ethereum, Dogecoin Trade Lower, But 'August Will Be Great' If Bitcoin Holds On To This Key Level

The CrownRock acquisition is expected to close in August, after completion of the financing marketing period contemplated by the CrownRock purchase agreement.

Occidental Says Waiting Period For Its Acquisition Of Crownrock Under HSR Waiting Period Has Expired; Expects Deal To Close In August

Scotiabank analyst Konark Gupta maintains Air Canada (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AC#TSX">AC</a>) with a Sector Outperform and lowers the price target from C$29 to C$27.

Price Target

Analyst Ratings

TSX:AC

Scotiabank Maintains Sector Outperform on Air Canada, Lowers Price Target to C$27

Guidance

SIGI

Selective Insurance Group Sees FY24 GAAP Combined Ratio Of 101.5%; After-Tax Net Investment Income Of $360M

Allison Transmission has formed a new strategic partnership with Lingong Heavy Machinery Co. Ltd. (LGMG), a prominent Chinese mining equipment manufacturer, to provide industry-leading mining vehicles to customers across the globe. As a next step in the companies' long-term partnership, LGMG has integrated Allison 6625 Wide Body Dump Series&#x2122; (WBD) transmissions into 136T wide body mining dump trucks, which will be delivered to international customers for hauling overburden and ore in mine sites. Allison's latest collaboration with LGMG marks the first time that the company has integrated an Allison fully automatic transmission into the larger 136T crossover vehicle, which has been fielded for trials in Chile, China, Indonesia and Vietnam.

Global

ALSN

Allison And Lingong Heavy Machinery Co. Ltd., A Chinese Mining Equipment Manufacturer, Form Strategic Partnership To Expand Global Mining Presence

ETRN

Equitrans Midstream Merger Agreement Proposal With EQT Corp Approved By Majority Vote At Special Meeting

Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) reported quarterly losses of $(1.10) per share which missed the analyst consensus estimate of $1.49 by 173.83 percent. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion by 0.69 percent. This is a 10.23 percent increase over sales of $1.085 billion the same period last year.

Earnings

Earnings Misses

Selective Insurance Gr Q2 2024 Adj EPS $(1.10) Misses $1.49 Estimate, Sales $1.196B Miss $1.204B Estimate

Over the last several weeks, small-cap stocks and indexes have gained with a market rotation taking place in the<a href="https://www.benzinga.com/news/earnings/24/07/39800691/dow-rallies-to-all-time-highs-small-caps-outperform-tech-gold-hits-records-on-heightened-september-"> second half of 2024.</a>
A new Benzinga poll shows whether the move could gain steam or be short-lived.
What Happened: The Russell 2000 index, which is tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) is outperforming other major stock market indexes<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39797464/small-caps-are-having-a-moment-russell-2000-notches-best-5-day-rally-in-over-4-year"> in recent weeks.</a>
The iShares Russell 2000 ETF is up 10.9% over the last month, outperforming the 1.7% return of the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the -0.9% return of the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and the 5.8% return of the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>).
Given the recent surge in small-cap stocks, Benzinga polled readers to find out if they are adding more small caps to their portfolio.
"Are you buying more or less small-cap stocks after the historic rally?" Benzinga asked.
The results were:
<ul>
<li>Buying more: 44%</li>
<li>Buying less: 1%</li>
<li>Maintaining Current Level: 34%</li>
<li>Not Investing in Small Caps: 21%</li>
</ul>
Buying more small caps was the winner of the poll, beating out the option of maintaining the current level. Only 1% of readers said they were buying less. Surprisingly, 21% of readers said they are not investing in small-cap stocks currently.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39716688/apple-microsoft-meta-google-which-would-you-buy-at-all-time-high-investor-poll-reveals">Apple, Microsoft, Meta, Google: Which Would You Buy At All-Time High? Investor Poll Reveals Split Opinions</a>
Why It's Important: The recent gains for small-cap stocks come after large-cap stocks, especially those in the technology sector.
Freedom Capital Markets Global Strategist Jay Woods <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39846454/exclusive-market-strategist-jay-woods-says-rotation-in-small-caps-is-just-starting-rus">told Benzinga</a> that the Russell 2000 is still 8% off of all-time highs, despite other market indexes hitting all-time highs.
Woods suggested that the 8% gain for the Russell 2000 is an "easy upside target."
Here's a look at the current one-year and year-to-date return of the ETFs that track the major stock market indexes:
<ul>
<li>IWM:&nbsp;1-Year: +14.8%,&nbsp;YTD: +10.7%</li>
<li>SPY:&nbsp;1-Year: +23.5%,&nbsp;YTD:&nbsp;+17.2%</li>
<li>QQQ:&nbsp;1-Year: +25.6%,&nbsp;YTD: +17.3%</li>
<li>DIA:&nbsp;1-year: +19.1%,&nbsp;YTD: +9.3%</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/24/07/39784272/exclusive-benzinga-readers-most-want-to-work-for-musk-over-zuckerberg-cook-huang-bezos-but-who-">EXCLUSIVE: Benzinga Readers Most Want To Work For Musk Over Zuckerberg, Cook, Huang, Bezos — But Who Would They Refuse To Work For?</a></li>
</ul>
The study was conducted by Benzinga in July 2024 and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 85 adults.
Image: Shutterstock

Exclusives

Trading Ideas

SPDR Dow Jones Industrial Average ETF Trust

EXCLUSIVE: Is Small Cap Rally Scaring Away Investors? Only 1% Of Benzinga Readers Polled Are Buying Fewer Stocks, Here's How Many Are Buying More

Taking catastrophe loss estimates and other currently available information into account, the company expects to report a second quarter combined ratio of 99.2%, and an ex-CAT combined ratio(2) of 88.5%. The company also expects to generate after-tax net income of $1.12 per diluted share and operating income(3) &nbsp;of $1.88 per diluted share for the second quarter. The difference between net income and operating income per share is due to the sale of some lower coupon fixed income securities, in consideration of expiring tax gains from 2021.&nbsp; &nbsp;

The Hanover Estimates Q2 Catastrophe Losses Of $157.1M And Expects To Generate After-Tax Net Income Of $1.12 Per Diluted Share And Operating Income Of $1.88 Per Diluted Share In Q2

SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.35 by 31.43 percent. This is a 2.22 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $14.04 million which beat the analyst consensus estimate of $9.40 million by 49.41 percent. This is a 1.02 percent decrease over sales of $14.19 million the same period last year.

Earnings Beats

SBFG

SB Finl Gr Q2 Adj $0.46 Beats $0.35 Estimate, Sales $14.04M Beat $9.40M Estimate

The company expects Q2&nbsp;net income between $0.0 and $1.0 million,&nbsp;Adjusted EBITDA&nbsp;between&nbsp;$15.0&nbsp;and&nbsp;$17.0 million.
Jay Jackson, Chief Executive Officer of Abacusm, said, &quot;Our momentum continues to accelerate as we execute on our key strategies to drive long-term growth. During the quarter, we successfully completed a public offering that generated over&nbsp;$90 million&nbsp;of net proceeds, which will be instrumental in pursuing growth opportunities.&quot;

Abacus Life Says Remain Well On Track To Achieve All Of Its Goals For 2024

Contracts

TechnipFMC Awarded iEPCI Contract For Energean's Katlan Development; Contract Between $500M-$1B

Dover Acquires Demaco Holland; Financial Terms Not Disclosed

Abacus Life Reports Preliminary Q2 Total Revenue Of $28M - $30M, Up 146-163% Y/Y (Est $21.893M)

Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.39 by 10.26 percent. This is a 16.22 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $12.49 million which beat the analyst consensus estimate of $11.96 million by 4.43 percent. This is a 9.19 percent increase over sales of $11.44 million the same period last year.

PINE

Alpine Income Prop Trust Q2 FFO $0.43 Beats $0.39 Estimate, Sales $12.49M Beat $11.96M Estimate

Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) reported quarterly earnings of $1.73 per share which missed the analyst consensus estimate of $2.66 by 34.96 percent. This is a 23.45 percent decrease over earnings of $2.26 per share from the same period last year. The company reported quarterly sales of $474.900 million which missed the analyst consensus estimate of $552.496 million by 14.04 percent. This is a 10.11 percent decrease over sales of $528.300 million the same period last year.

SCHL

Scholastic Q4 2024 Adj EPS $1.73 Misses $2.66 Estimate, Sales $474.900M Miss $552.496M Estimate

Amcon Distributing (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DIT#AMEX">DIT</a>) reported quarterly earnings of $2.46 per share. This is a 62.67 percent decrease over earnings of $6.59 per share from the same period last year. The company reported $717.85 million in sales this quarter. This is a 3.07 percent increase over sales of $696.49 million the same period last year.

Amcon Distributing Q3 EPS $2.46 Down From $6.59 YoY, Sales $717.85M Up From $696.49M YoY

Event To Air At 7pm ET On Gray-Owned Local TV Stations Including Peachtree TV In Atlanta And Over Ninety Other Markets

Harlem Globetrotters And Gray Media Announce Live Broadcast Of Game From American Dream In New Jersey On August 18, 2024

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) reported quarterly earnings of $0.40 per share which missed the analyst consensus estimate of $0.43 by 6.98 percent. The company reported quarterly sales of $82.300 million which missed the analyst consensus estimate of $85.459 million by 3.70 percent. This is a 10.65 percent decrease over sales of $92.109 million the same period last year.

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Elior Gr

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Latest news for Elior Gr (OTC:ELROF) Stock