Latest news for Greenlane Renewables (OTC:GRNWF) Stock

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company generates revenue in the form of System sales and Aftercare services. The company has its geographic presence in Canada, Brazil, Europe and United States and Others.

GREENLANE RENEWABLES INC by Greenlane Renewables Inc.

Greenlane Renewables Inc

<a href="https://www.globenewswire.com/Tracker?data=JOSr0rL7kcJfpwXK8HvKVMOMrdsCIfPbP3P98a_Wn7l0WjDnDfpHbOBDVwJhhVa4ClIKMd9eWjsAZhbItQ0W_mrUE1VtGrZWy-Cv0hyIrBRNTgUNiHlcUC3M9R9UK6g_UTv7SivnqO59rv9pVpydWGFCdhK4hMSKU3Q6O-RGHBXjkq7bWoFP_2PP6_zepcAUBFAnS0AYmPEm6Vm06MKGij5sfc1822eHpKcZkkdaeEp7-AKCrD4g0_dm9DXaG8jKDRgWBKMLoGbFoBJYp7bK9Q==">Capricor Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, announced today that the Company will present the three-year safety and efficacy results from its HOPE-2 open-label extension (OLE) study with lead asset deramiocel for treating Duchenne muscular dystrophy (DMD). The data will highlight the long-term, multi-modal benefits of deramiocel in a late-breaking poster presentation at the 29th&nbsp;Annual&nbsp;Congress&nbsp;of the&nbsp;World Muscle Society (WMS 2024), taking place&nbsp;October 8-12, 2024, in&nbsp;Prague, Czechia.

Biotech

News

General

CAPR

Capricor Therapeutics To Present Long-Term Data From HOPE-2 Open Label Extension Study At 2024 World Muscle Society Congress October 8-12, 2024

MACOM Technology Solns's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NYSE">MTSI</a>) short percent of float has risen 5.17% since its last report. The company recently reported that it has 3.52 million shares sold short, which is 6.31% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.59 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>MACOM Technology Solns Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728047725_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MACOM Technology Solns 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 MACOM Technology Solns'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>, MACOM Technology Solns's peer group average for short interest as a percentage of float is 4.34%, 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

Trading Ideas

MTSI

Looking Into MACOM Technology Solns's Recent Short Interest

Wynn Resorts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) short percent of float has risen 5.8% since its last report. The company recently reported that it has 5.03 million shares sold short, which is 4.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.8 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>Wynn Resorts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728047720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wynn Resorts 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 Wynn Resorts'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>, Wynn Resorts's peer group average for short interest as a percentage of float is 4.80%, 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.

WYNN

How Is The Market Feeling About Wynn Resorts?

American Electric Power's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NYSE">AEP</a>) short percent of float has risen 10.2% since its last report. The company recently reported that it has 8.62 million shares sold short, which is 1.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.2 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>American Electric Power Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728047715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Electric Power 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 American Electric Power'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>, American Electric Power's peer group average for short interest as a percentage of float is 2.21%, 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.

How Is The Market Feeling About American Electric Power?

As 2024 progresses, it's important to be aware of several <a href="https://www.benzinga.com/personal-finance/24/09/40762372/suze-ormans-master-class-on-navigating-inherited-pretax-retirement-accounts-what-you-must-know">required minimum distribution</a> (RMD) rule updates, particularly if you are nearing retirement. Whether navigating the new RMD age limit or looking at your charitable giving strategies, these changes can impact your retirement income, taxes and even Medicare costs.&nbsp;
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
<h2 class="wp-block-heading">RMDs Now Begin at Age 73</h2>
One of the biggest changes from the <a href="https://www.benzinga.com/personal-finance/24/07/39874181/irs-finalizes-10-year-rule-for-retirement-withdrawals-making-things-even-more-insanely-complicat">SECURE 2.0 Act</a> was raising the starting age for RMDs. Previously, retirees had to start taking distributions from their traditional IRAs and 401(k) accounts at age 72. Starting in 2024, the RMD age moved up to 73, giving account holders another year to keep their money growing tax-deferred.&nbsp;
If you were born between 1951 and 1959, you must begin your RMDs at 73. However, those born in 1960 or later can delay RMDs until 75, as the SECURE 2.0 Act pushed the RMD age to 75 in 2033.&nbsp;
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
<h2 class="wp-block-heading">Higher Medicare Premiums?</h2>
One hidden cost of RMDs is the potential increase in your <a href="https://www.benzinga.com/general/biotech/24/08/40397706/biden-administration-targets-6b-savings-through-medicare-drug-price-negotiations">Medicare</a> premiums. When you start taking RMDs, your taxable income rises, which could push you into a higher income bracket. Your Medicare Part B and D premiums could increase if your income exceeds certain thresholds.&nbsp;
<h2 class="wp-block-heading">Watch Out for Penalties</h2>
Missing an RMD can result in significant penalties. Previously, the penalty for not taking your full RMD was 50% of the amount not withdrawn. However, thanks to the SECURE 2.0 Act, the penalty has been reduced to 25%. Correcting the mistake within two years will drop the penalty to 10%. Even that is a costly error, so it's wise to stay on top of your RMD deadlines.&nbsp;
You can set up automatic withdrawals to avoid missing an RMD or mark your calendar ahead of time to ensure you don't miss it.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
<h2 class="wp-block-heading">Charitable Giving Opportunities</h2>
<a href="https://www.benzinga.com/personal-finance/24/07/39605197/can-you-guess-how-much-billionaires-contribute-to-charitable-causes-its-less-than-you-think">Charitable giving</a> could be a smart option if you want to minimize taxes while fulfilling your RMD obligations. In 2024, you can make a Qualified Charitable Distribution (QCD) of up to $105,000 from your IRA if you're over 70 ½. If donated to a qualified charity, this amount counts toward your RMD and is not taxed as income.&nbsp;
Additionally, retirees can donate up to $53,000 to eligible charities through charitable remainder trusts or gift annuities. This can be a great way to meet RMD requirements while supporting a cause you care about.&nbsp;
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
<h2 class="wp-block-heading">Roth 401(k) RMD Relief</h2>
Another notable change for 2024 is that Roth 401(k)s will no longer be subject to RMDs. Previously, account holders had to roll their Roth 401(k) into a Roth IRA to avoid taking distributions. Now, Roth 401(k) and Roth IRA holders can skip RMDs and allow their investments to grow tax-free throughout retirement.&nbsp;
The 2024 RMD rule changes offer new opportunities to manage retirement income, minimize taxes and plan for charitable giving. Consider talking with a trusted <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> to navigate these updates and maximize your retirement strategy.&nbsp;
Read Next:
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<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
<li>Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a></li>
</ul>

Personal Finance

2024 RMD Rule Updates: How They Affect Your Retirement Income And Charitable Giving

RBC Capital analyst Daniel Perlin reiterates Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) with a Sector Perform and maintains $46 price target.

Price Target

Reiteration

Analyst Ratings

AFRM

RBC Capital Reiterates Sector Perform on Affirm Holdings, Maintains $46 Price Target

The <a href="https://www.benzinga.com/general/politics/24/10/41176806/harris-vs-trump-vice-president-leads-2024-election-poll-young-voters-help-but-voter-issues-could">2024 presidential race is tilting in favor of the Democrats</a> and veteran pollster Nate Silver weighed in on whether Vice President and Democratic candidate Kamala Harris should invest in the predominantly Republican state of Florida.
Cloudy Outlook In Sunshine State? Florida, which was once a &#8220;quintessential swing state&#8221; isn&#8217;t one now and Trump emerged victorious in the state in 2016 and doubled his margin of victory in 2020, <a href="https://www.natesilver.net/p/should-kamala-harris-gamble-on-a">said</a> Eli McKown-Dawson, an election analyst at Silver Bulletin, Silver&#8217;s forecast model,<a href="https://www.natesilver.net/p/should-kamala-harris-gamble-on-a"> said </a>in a post on Thursday. He noted that Republicans have supermajorities in both legislative chambers and the state hasn&#8217;t elected a Democratic senator since 2012, he said.
A conclusion that Florida&#8217;s rightward shift makes it a lost cause for Harris and there it isn&#8217;t worth an investment of her campaign's limited resources isn&#8217;t that simple, Silver, who founded polling analytics website FiveThirtyEight said. &#8220;Success is unlikely, but the payoff is high,&#8221; he said.
Harris now has a 21% chance of winning Florida's 30 electoral votes, which is a one-in-five chance, Silver said, adding that it &#8220;isn't bad, but it isn't great either.&#8221;
Harris is the definite underdog in the state, the pollster said. He, however, pointed out a few things that could make the race more interesting than Harris&#8217; 21% win probability would imply.
See Also: <a href="https://www.benzinga.com/news/24/10/41159858/trumps-niece-calls-concessions-tim-walz-made-to-his-opponent-during-tuesdays-debate-shocking-won-not">Trump&#8217;s Niece Calls Concessions Tim Walz Made to His Opponent During Tuesday&#8217;s Debate Shocking: &#8216;Won &#8211; Not On Style..But On Substance&#8217;</a>
Light At End Of Tunnel? Silver noted that the Florida polls have tightened since Harris replaced President Joe Biden on the Democratic ticket. The former president&#8217;s lead in his home state has contracted from seven points on the day the pollster launched his Harris-Trump model in late July to 3.3 points currently.
Certain recent individual polls have also brought good results for the vice president, said Silver, citing the recent Victory Insights poll in which she trailed by a mere two points and a Bullfinch Group poll, in which she was behind by only a point. These may not be high-quality polls, he said.
Silver also noted that Harris trailed by four points in a survey by Democratic-leaning Public Policy Polling. 
&#8220;At this point, a normal-sized polling error that favors Harris could result in a Democratic victory,&#8221; the pollster said.
What makes the Florida race even more interesting is the fact that it is worth 30 electoral votes, which is twice as many as Michigan and more than Pennsylvania and Wisconsin combined, Silver said.
&#8220;It's also why our model thinks Florida is the 7th-likeliest tipping point state — ahead of states like Nevada where the race is much more even but the number of electoral votes up for grabs is smaller,&#8221; he added. 
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<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image via Shutterstock

Politics

Media

Trump Vs. Harris: Nate Silver Says Florida Isn't A Lost Cause For Vice President Yet, Sees Path To Victory — 'Success Is Unlikely, But The Payoff Is High'

Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) stock has been on quite a ride, climbing 24.94% year-to-date and 62.31% over the past year. But while the company&#8217;s robot-filled future is making headlines, the technicals <a href="https://www.benzinga.com/topic/uber">tell a different story.</a>
Uber may be automating deliveries, but its stock movement is hitting some resistance.
<h2 class="wp-block-heading">UBER Stock Chart: Short-Term Bears, Long-Term Bulls</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04081037/Screenshot-2024-10-04-at-5.33.23-PM.png" alt="" class="wp-image-580542" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04081037/Screenshot-2024-10-04-at-5.33.23-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04081037/Screenshot-2024-10-04-at-5.33.23-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Currently, Uber stock&#8217;s price is $72.94, just below its eight-day and 20-day simple moving averages (SMA) of $74.72 and $73.32, respectively, signaling short-term bearishness.
But don't hit the brakes just yet. The stock is above its 50-day SMA of $70.82 and 200-day SMA of $70.26, showing that long-term trends are still bullish, despite the recent pullback.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04081042/Screenshot-2024-10-04-at-5.34.21-PM.png" alt="" class="wp-image-580543" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04081042/Screenshot-2024-10-04-at-5.34.21-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04081042/Screenshot-2024-10-04-at-5.34.21-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">Bullish Indicators Flashing Amid The Dip</h2>
The MACD (Moving Average Convergence Divergence) indicator is flashing a 0.93 reading, which suggests potential bullish momentum might be brewing. Similarly, Uber's RSI (Relative Strength Index) sits at 49.25 and is heading lower towards oversold territory.
This could mean Uber stock might be poised for a rebound after this recent dip. 
As for Bollinger Bands? They&#8217;re hovering between $67.97 and $77.88, and with the stock currently in this range, things could get bumpy before a potential breakout.
<h2 class="wp-block-heading">Partnerships Fuel Uber's Future — But Can They Power UBER Stock?</h2>
So, what's weighing on Uber stock despite some promising technicals? It could be the balance between short-term bearish signals and long-term bullish potential. 
While Uber's partnerships, including a multiyear deal with Avride to deploy delivery robots and autonomous vehicles, have wowed the market, these innovations haven&#8217;t fully taken control of the stock price yet. This partnership will roll out in Austin, Dallas, and Jersey City, eventually bringing robotaxis into the mix.
Read More: <a href="https://www.benzinga.com//node/41171469">Uber &amp; Avride Join Forces for Autonomous Delivery; Partners With ENSO For Low-Emission EV Tires</a>
At the same time, Uber's recent three-year strategic partnership with tire company ENSO to introduce low-emission EV tires could help Uber align with the sustainability movement. 
However, while these initiatives are future-forward, investors seem focused on the now, where technical indicators remain mixed.
Uber's stock may be down from its highs, but it's not out. Short-term signals flash bearish, yet long-term indicators still show bullish promise. 
With innovation and strong technical support on the horizon, Uber stock has the potential for upward momentum. But, monitoring key indicators like moving averages for signs of continued growth is crucial.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41168917/evgo-vs-chargepoint-analyst-verdict-on-which-stock-leads-the-ev-charging-race">EVgo Vs. ChargePoint: Analyst Verdict On Which Stock Leads The EV Charging Race?</a></li>
</ul>
Photo: Shutterstock

Technicals

Tech

UBER

Uber Stock Stalls At A Crossroad: Short-Term Dips, Long-Term Hopes

WIIM

LYEL

Lyell Immunopharma shares are trading higher after the company announced that three abstracts highlighting its pipeline of clinical product candidates and anti-exhaustion technology have been accepted for presentation at the 39th Annual Meeting of the Society for Immunotherapy of Cancer.

Evercore ISI Group analyst Glenn Schorr maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a In-Line and raises the price target from $108 to $109.

TROW

Evercore ISI Group Maintains In-Line on T. Rowe Price Gr, Raises Price Target to $109

Tellurian Inc. ("Tellurian") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NYSE">TELL</a>) today announced that its stockholders have approved the Merger Agreement Proposal, as defined in Tellurian's proxy statement, filed with the Securities and Exchange Commission (the "SEC") on August 27, 2024, for its Special Meeting of Stockholders.

TELL

Tellurian Stockholders Approve Merger Agreement Proposal

Evercore ISI Group analyst Robert Ottenstein maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Outperform and lowers the price target from $310 to $300.

Evercore ISI Group Maintains Outperform on Constellation Brands, Lowers Price Target to $300

Evercore ISI Group analyst John Dunn maintains Janus Henderson Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) with a In-Line and raises the price target from $36 to $37.

Janus Henderson Group plc Ordinary Shares

Evercore ISI Group Maintains In-Line on Janus Henderson Group, Raises Price Target to $37

Macro Economic Events

Economics

Federal Reserve

Fed's Williams Does Not Comment On Monetary Policy Or Economic Outlook In Prepared Remarks For Conference

Evercore ISI Group analyst John Dunn maintains Federated Hermes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHI#NYSE">FHI</a>) with a Outperform and raises the price target from $36 to $38.

Evercore ISI Group Maintains Outperform on Federated Hermes, Raises Price Target to $38

This story was originally published on the&nbsp;<a href="http://in.benzinga.com/" target="_blank">Benzinga India portal</a>.
U.S. tech behemoth&nbsp;Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) reportedly plans&nbsp;to add four new retail stores in India and has also begun&nbsp;producing&nbsp;the&nbsp;iPhone 16&nbsp;Pro and&nbsp;Pro Max models in the country.
This story was originally published on the&nbsp;<a href="http://in.benzinga.com/" target="_blank">Benzinga India portal</a>.
U.S. tech behemoth&nbsp;Apple&nbsp;reportedly plans&nbsp;to add four new retail stores in India and has also begun&nbsp;producing&nbsp;the&nbsp;<a href="https://www.benzinga.com/money/best-place-to-sell-iphone/">iPhone</a> 16&nbsp;Pro and&nbsp;Pro Max models in the country.
What Happened: Apple aims&nbsp;to expand its retail footprint in India with new stores in Bengaluru, Pune, Delhi-National Capital Region and Mumbai, according to a Moneycontrol report. This expansion comes after the successful launch of its first two stores in Delhi and Mumbai in April 2023.
The decision to expand retail operations was reportedly influenced by the impressive performance of the Delhi and Mumbai stores, which have substantially boosted Apple&rsquo;s overall sales in India.
&ldquo;We&rsquo;re thrilled to build our teams as we plan to open more stores in India because we&rsquo;re inspired by the creativity and passion of our customers across this country,&rdquo; Deirdre O&rsquo;Brien, Apple&rsquo;s senior vice-president of retail told Moneycontrol.
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Simultaneously, Apple has kickstarted&nbsp;production of the entire&nbsp;<a href="https://www.benzinga.com/money/best-place-to-sell-iphone/">iPhone</a> 16 lineup in India,&nbsp;including the Pro and ProMax models through its contract manufacturing partners,&nbsp;Foxconn&nbsp;and&nbsp;Pegatron.&nbsp;
The made-in-India iPhone 16 Pro and Pro Max will soon be available to local customers and for export to certain countries around the globe.
Apple is reportedly expected to ship&nbsp;12 million&nbsp;to 12.5 million iPhones&nbsp;in India in 2024, indicating a 25% growth over 2023. The company also aims&nbsp;to manufacture a quarter of&nbsp;all its iPhones in India&nbsp;over the next three to four years, a significant increase from the 14%&nbsp;it currently manufactures in the country.
Read Next:&nbsp;<a href="https://in.benzinga.com/markets/equities/24/10/41157340/google-offers-to-resolve-indian-antitrust-case-related-to-smart-tv-probe-report" target="_blank">Google Offers To Settle Indian Antitrust Case Related to Smart TV Probe: Report</a>
Disclaimer: Artificial intelligence was used as a secondary aid in writing this story.

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