Latest news for Manufactured Housing (OTC:MHPC) Stock

Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.

Long Ideas

News

Penny Stocks

Insider Trades

Markets

Trading Ideas

GRIL

MHPC

SHMP

Gold futures traded higher on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

3 Stocks Under $1 Insiders Are Buying

MANUFACTURED HOUSING PROP by Manufactured Housing Properties Inc.

Manufactured Housing Properties Inc

Australian iron ore mining giant Fortescue (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>) has hit the brakes on ambitious plans to transform into a green hydrogen leader. Management has announced an overhaul after a turbulent period that saw multiple<a href="https://www.benzinga.com/news/large-cap/24/06/39410710/fortescues-transition-to-green-energy-rocked-by-falling-iron-ore-prices-executive-turnover"> senior executive departures</a>.
While iron ore still generates most of the company's revenue, its founder and executive chairman, Andrew Forrest, has been steering towards green technologies. Still, a Fortescue spokesperson<a href="https://www.bloomberg.com/news/articles/2024-07-17/fortescue-cuts-700-jobs-and-appoints-new-chief-financial-officer"> told</a> Bloomberg that the company&#8217;s goal of producing 15 million tons of green hydrogen annually by 2030 has been put on hold owing to higher energy prices.
In a statement on Wednesday, Fortescue announced the job cuts as part of an effort to simplify the business structure. However, the company did not specify which departments would be affected by these layoffs.
&#8220;It&#8217;s a business that&#8217;s run hard around its decarbonization strategy. And whilst they haven&#8217;t pointed to which divisions are affected, that part of the business has continued to burn a lot of capital,&#8221; said Jarden Securities analyst Jon Bishop.
Now Read:<a href="https://www.benzinga.com/news/24/07/39796005/rio-tinto-reports-strong-first-half-with-major-gains-in-iron-ore-bauxite-copper-lithium-production"> Rio Tinto Reports Strong First Half With Major Gains In Iron Ore, Bauxite, Copper, Lithium Production</a>
Green hydrogen, produced by splitting water into hydrogen and oxygen molecules using renewable energy, has yet to be commercially viable anywhere in the world. Fortescue currently produces a relatively small amount at a plant in the Pilbara region of Western Australia, and recently committed to three additional projects with an investment of around $750 million.
&#8220;Our vision for Fortescue has not changed,&#8221; Forrest said. &#8220;I truly believe in the power that green hydrogen will unlock for decarbonizing hard-to-abate industry,&#8221; he noted, adding that Fortescue would continue to focus on green electricity in the Pilbara region and North Africa and green hydrogen in places like Brazil and Norway.
Per AFR's<a href="https://www.afr.com/chanticleer/reality-bites-for-forrest-s-hydrogen-dream-investors-won-t-mind-20240717-p5juid"> report</a>, Forrest also noted that the wars in Ukraine and the Middle East have increased global energy prices, making large-scale green hydrogen production unviable. &#8220;In that environment, you&#8217;re not going to bring in major sources of green hydrogen, which relies on cheap energy prices,&#8221; he told the newspaper.
Despite these setbacks, Fortescue remains committed to its green energy projects. The company is advancing plans for an advanced manufacturing facility in Michigan and has established an office in New York to attract further investment into its green energy ventures.
In addition to the restructuring, Fortescue announced key executive appointments. Apple Paget, who has been acting as chief financial officer for the past 11 months, will assume the role permanently. Meanwhile, Shelley Robertson, who joined Fortescue nine months ago as chief corporate officer, has been appointed chief operating officer.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39819805/bp-secures-funding-for-advanced-green-hydrogen-plant-in-germany"> BP Secures Funding for Advanced Green Hydrogen Plant in Germany</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Photo: Shutterstock

Large Cap

Commodities

FSUMF

Fortescue Delays Green Hydrogen Ambitions, Reaffirms Commitment To Future Projects

Citigroup analyst Paul Lejuez upgrades VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) from Neutral to Buy and raises the price target from $11 to $20.

Upgrades

Price Target

Analyst Ratings

Citigroup Upgrades VF to Buy, Raises Price Target to $20

American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) will release its second-quarter financial results, before the <a href="https://www.benzinga.com/quote/axp/earnings">opening bell on Friday, July 19.</a>
Analysts expect the New York-based company to report quarterly earnings at $3.25 per share, up from $2.89 per share in the year-ago period. American Express will post revenue of $16.59 billion, compared to $15.05 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 16, Compass Point analyst David Rochester initiated coverage on American Express with a Neutral rating and announced a price target of&nbsp;$260.
With the recent buzz around American Express, some investors may be eyeing potential gains from the company's dividends, too. As of now, American Express offers an annual dividend yield of 1.12%. That&#8217;s a quarterly dividend amount of 70 cents per share ($2.80 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $535,664 or around 2,143 shares. For a more modest $100 per month or $1,200 per year, you would need $107,233 or around 429 shares.
Read This: <a href="https://www.benzinga.com/news/24/07/39814468/alphabet-crowdstrike-and-2-other-stocks-insiders-are-selling">Alphabet, CrowdStrike And 2 Other Stocks Insiders Are Selling</a>
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.80 in this case). So, $6,000 / $2.80 = 2,143 ($500 per month), and $1,200 / $2.80 = 429 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
AXP Price Action: Shares of American Express rose 0.1% to close at $249.96 on Wednesday.
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39815137/top-3-industrials-stocks-that-could-sink-your-portfolio-this-month">Top 3 Industrials Stocks That Could Sink Your Portfolio This Month</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>

Earnings

How To Earn $500 A Month From American Express Stock Ahead Of Q2 Earnings

Biotech

General

SILO

Silo Pharma Announces Device And CMC Development Master Plan With Resyca BV For Nose-To-Brain Drug Delivery; Promising Safety And Therapeutic Benefit Observed; Plan Supports IND-Enabling Studies For Lead Candidate SPC-15, An Intranasal Treatment For PTSD

WIIM

BankUnited shares are trading higher after the company reported better-than-expected Q2 financial results.

VIRT

Virtu Financial shares are trading higher after the company reported better-than-expected Q2 financial results.

Nokia shares are trading lower after the company reported mixed Q2 financial results.

NKGN

NKGen Biotech shares are trading higher after the company announced it will present new SNK01 biomarker data at the Alzheimer's Association International Conference.

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.05%</li>
<li>Mizuho analyst John Roberts maintained a Neutral rating and increased the price target from $55 to $62 on April 26. This analyst has an accuracy rate of 77%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas upgraded the stock from Neutral to Overweight and boosted the price target from $55 to $61 on April 26. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On June 20, , Dow signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest DOW news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="685" height="716" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052217/Screenshot-2024-07-18-at-2.52.06-PM.png" alt="" class="wp-image-442560" style="width:312px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052217/Screenshot-2024-07-18-at-2.52.06-PM.png 685w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052217/Screenshot-2024-07-18-at-2.52.06-PM-287x300.png 287w" sizes="(max-width: 685px) 100vw, 685px" /></a></figure>
<h3 class="wp-block-heading">Huntsman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>)</h3>
<ul>
<li>Dividend Yield: 4.22%</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and cut the price target from $32 to $28 on July 11. This analyst has an accuracy rate of 71%.</li>
<li>JP Morgan analyst Jeffrey Zekauskasupgraded the stock from Underweight to Overweight and boosted the price target from $22 to $27 on June 7. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: Huntsman is scheduled to hold a conference call on Tuesday, Aug. 6, 2024, to discuss its second quarter financial results.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1">trend in HUN's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="693" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052250/Screenshot-2024-07-18-at-2.52.45-PM.png" alt="" class="wp-image-442561" style="width:479px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052250/Screenshot-2024-07-18-at-2.52.45-PM.png 693w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052250/Screenshot-2024-07-18-at-2.52.45-PM-279x300.png 279w" sizes="(max-width: 693px) 100vw, 693px" /></a></figure>
<h3 class="wp-block-heading">The Scotts Miracle-Gro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>)</h3>
<ul>
<li>Dividend Yield: 3.93%</li>
<li>JP Morgan analyst Jeffrey Zekauskasmaintained an Overweight rating and raised the price target from $70 to $85 on April 5. This analyst has an accuracy rate of 70%.</li>
<li>Raymond James analyst Joseph Altobello downgraded the stock from Strong Buy to Market Perform on March 25. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On June 6, ScottsMiracle-Gro said it now sees non-GAAP adjusted EBITDA of $530 million to $540 million versus earlier outlook of $575 million.</li>
<li>Benzinga Pro's earnings calendar was used to monitor <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1">SMG's upcoming earnings</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="647" height="740" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052412/Screenshot-2024-07-18-at-2.54.05-PM.png" alt="" class="wp-image-442562" style="width:414px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052412/Screenshot-2024-07-18-at-2.54.05-PM.png 647w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052412/Screenshot-2024-07-18-at-2.54.05-PM-262x300.png 262w" sizes="(max-width: 647px) 100vw, 647px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39814553/jim-cramer-says-dont-sell-match-group-youve-just-got-a-very-very-smart-investor-in-there">Jim Cramer Says Don&#8217;t Sell Match Group: &#8216;You&#8217;ve Just Got A Very, Very Smart Investor In There</a>&#8216;</li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>

Dividends

Pre-Market Outlook

Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

M&T Bank shares are trading higher after the company reported better-than-expected Q2 financial results.

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
Shares of Leslie&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) fell sharply in today's pre-market trading after the company issued preliminary third-quarter financial results below estimates and <a href="https://www.benzinga.com/news/earnings/24/07/39826675/leslies-stock-is-underwater-after-hours-diving-into-the-details">cut its FY24 guidance</a>.
After the market close on Wednesday, Leslie's announced it now expects third-quarter revenue of approximately $570 million versus estimates of $615.407 million. The pool supply company anticipates third-quarter adjusted earnings of 32 cents to 33 cents per share versus <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> estimates of 42 cents per share.
Leslie's also cut its full-year 2024 revenue guidance from a range of $1.141 billion to $1.47 billion to a new range of $1321 billion to $1.347 billion. The company slashed its adjusted earnings forecast from a range of 25 cents to 33 cents per share to a new range of 3 cents to 9 cents per share.
Leslie&#8217;s shares dipped 22.6% to $3.16 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares fell 11.7% to $6.33 in pre-market trading following a report suggesting the company&#8217;s liquidity has weakened and it is engaging bondholders for debt discussions.</li>
<li>Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) shares declined 9.1% to $430.00 in pre-market trading after the company reported mixed second-quarter results.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) shares fell 8.1% to $22.50 in pre-market trading after jumping around 145% on Wednesday.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) shares declined 7.1% to $12.35 in pre-market trading following a 3% drop in the previous session.</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) shares declined 5.3% to $25.04 in pre-market trading. Morgan Stanley analyst Alex Straton downgraded Foot Locker from Equal-Weight to Underweight and lowered the price target from $24 to $18.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) fell 5.1% to $3.70 in pre-market trading following second-quarter results.</li>
<li>agilon health, inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>) shares fell 4.8% to $7.02 in pre-market trading. agilon health recently appointed Karthik Rao, M.D., as Chief Medical Officer.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares slipped 4.4% to $2.41 in pre-market trading after falling over 6% on Wednesday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39814553/jim-cramer-says-dont-sell-match-group-youve-just-got-a-very-very-smart-investor-in-there">Jim Cramer Says Don&#8217;t Sell Match Group: &#8216;You&#8217;ve Just Got A Very, Very Smart Investor In There</a>&#8216;</li>
</ul>

Movers

ADMA

BYND

LESL

SDST

SPWR

Leslie's Issues Preliminary Financial Results, Joins Beyond Meat, Domino's And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Barclays analyst Lauren Lieberman downgrades Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) from Equal-Weight to Underweight and lowers the price target from $55 to $47.

Downgrades

Barclays Downgrades Molson Coors Beverage to Underweight, Lowers Price Target to $47

<ul>
<li>Ford adds a third North American assembly plant to meet Ford Pro customer demand for one of its most popular and profitable vehicles; adding initial capacity for 100,000 F-Series Super Duty trucks, including future multi-energy technology, at Oakville Assembly Complex in Ontario, Canada</li>
<li>The move supports the Ford+ plan for profitable growth, including maximizing Ford's manufacturing footprint, extending global truck leadership and expanding its Ford Pro commercial business</li>
<li>Ford will make efficient investments to expand Super Duty production, initially securing approximately 1,800 jobs at Oakville Assembly Complex and adding about 150 jobs at Windsor Engine Complex, while adding roughly 70 jobs and additional overtime at U.S. component plants</li>
<li>Ford remains committed to developing a growing and profitable electric vehicle business, including three-row electric utility vehicles, leveraging its experience as a leader in U.S. three-row utilities and America's No. 2 electric vehicle brand</li>
</ul>
Ford Motor Company today announced plans to assemble F-Series Super Duty pickups at its Oakville Assembly Complex in Ontario, Canada, starting in 2026, boosting production of one of the company's most popular and profitable vehicles.
The move to add production of up to 100,000 units of its best-selling Super Duty to Oakville expands Super Duty production across three plants in North America, including Kentucky Truck Plant and Ohio Assembly Plant, which are operating at full capacity. It also paves the way to bring multi-energy technology to the next generation of Super Duty trucks, giving customers more freedom of choice and supporting Ford's electrification plans.

Contracts

Global

Ford Pro Demand Drives F-Series Super Duty Production Expansion To Canada, Plans To Invest ~$3B To Expand Super Duty Production

Novartis shares are trading lower. The company reported Q2 financial results.

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares rose moderately in Thursday&#8217;s <a href="https://www.benzinga.com/premarket">premarket trading, </a>reversing some of the 1.57% decline seen in the previous session. 
The rebound came amid a general improvement in risk sentiment toward tech stocks after Wednesday&#8217;s drubbing. Wedbush analyst Daniel Ives, a Palantir bull, on Thursday announced a new bull-case price target of $50 for the stock. The analyst maintained an Outperform rating and a $35 price target.
Palantir has been a major focus over the past year, with expanding use cases for its marquee products leading to a large partner ecosystem, said Ives in the note. He noted that demand has been rising rapidly across both commercial and government organizations.
&#8220;With AI spending taking up more spending in IT budgets as more organizations learn how to properly implement this tech, <a href="https://www.benzinga.com/markets/equities/24/05/39104004/palantir-is-the-messi-of-artificial-intelligence-says-dan-ives-most-underestimated-ai-play">we believe the Messi of AI Palantir is in a prime spot </a>to continue expanding its pipeline as the company provides more use cases,&#8221; he said, adding that the Palantir story &#8220;remains very undervalued and misunderstood by the Street.&#8221;
Palantir is scheduled to report its second-quarter results after the market closes on Aug. 5. Analysts, on average, expect the company to report earnings of 8 cents per share, up from the year-ago&#8217;s 5 cents per share, and revenue of $652.14, representing an estimated 22.4% growth.
In premarket trading, Palantir rose 0.57% to $28.38, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data. </a>The stock is up over 64% year-to-date.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best Artificial Intelligence Stocks</a>
Photo via Shutterstock

Analyst Color

Equities

Reiteration

PLTR

Palantir Stock Up Over 60% This Year, But Analyst Says The Story Remains 'Very Undervalued And Misunderstood By The Street'

Syntec Optics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>), a leading provider of scientific, technical instruments, aerospace, and defense optics, announced today that it has secured over $2.2 million in orders for its ultra-high-precision space optics. The company will utilize its newly developed dedicated production cell to scale production for deliveries scheduled for the third quarter of 2024.

OPTX

Syntec Optics Secures $2.2M In New Orders For Space Optics

Armlogi Holding Corp. ("Armlogi" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOC#NASDAQ">BTOC</a>), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced the substantial expansion of its trucking department through increased staffing, enhanced equipment, and extended services. This strategic expansion aims to double the trucking volume and extend specialized services to major clients, including Amazon, to address the growing demands of the e-sports logistics industry and other key market sectors.
Since 2023, Armlogi has observed significant trends in logistics that prompted a broadening of its service offerings. The Company has increased its port delivery capabilities and enhanced long- and short-distance logistics services to improve delivery timeliness, professionalism, and customization. This response to customer needs has led to doubling its customer base compared to the same period last year, with many new clients being prominent players in the e-sports logistics field.

BTOC

Armlogi Expands Trucking Operations To Meet Growing Customer Demand

JP Morgan analyst Rachel Vatnsdal downgrades 10x Genomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) from Overweight to Neutral and lowers the price target from $40 to $20.

JP Morgan Downgrades 10x Genomics to Neutral, Lowers Price Target to $20

RBC Capital analyst Jon Arfstrom maintains Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) with a Outperform and raises the price target from $46 to $49.

ALLY

RBC Capital Maintains Outperform on Ally Financial, Raises Price Target to $49

Bell to expand use of the ServiceNow platform to augment tech services portfolio for Bell Business Markets enterprise customers as well as transform its network and IT infrastructure
Now Platform to streamline business-critical areas for Bell, including Network, Customer, Field Service Operations, and Corporate Services
MONTRÉAL&nbsp;and&nbsp;SANTA&nbsp;CLARA, Calif., July 18, 2024 /CNW/ -&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4214431-1&amp;h=517228798&amp;u=https%3A%2F%2Fwww.bell.ca%2F&amp;a=Bell+Canada">Bell Canada</a>, Canada's communications, tech services and digital media leader, and&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4214431-1&amp;h=3119280436&amp;u=http%3A%2F%2Fwww.servicenow.com%2F&amp;a=ServiceNow">ServiceNow</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), the AI platform for business transformation, today announced&nbsp;a multi-year strategic agreement to accelerate Bell's transformation to meet the growing customer demand for tech services and digital media. The renewed commitment makes Bell one of ServiceNow's largest communications customers with a first of its kind collaboration in Canada.&nbsp;Bell will expand its use of the ServiceNow platform, supporting its own digital transformation while continuing to offer ServiceNow implementation expertise to support the digital transformation of its Bell Business Markets customers.

Bell Canada And ServiceNow Announce Expanded Multi-Year Strategic Agreement, Supporting Its Own Digital Transformation While Continuing To Offer ServiceNow Implementation Expertise To Support The Digital Transformation Of Its Bell Business Markets Customers

Manufactured Housing

Gold futures traded higher on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.

<h2>Muscle Maker </h2>

<ul>
	<li>The Trade: Muscle Maker, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRIL#NASDAQ">GRIL</a>) Chief Investment Officer Kevin J Mohan <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 10,000 shares </a> at an average price of $0.48. To acquire these shares, it cost $4.8 thousand.</li>
	<li>What&rsquo;s Happening: Muscle Maker said that its Pokemoto Division is expanding into the Northeast Philadelphia market.</li>
	<li>What Muscle Maker Does: Muscle Maker Inc is engaged in the restaurant business.</li>
</ul>

<h2>Manufactured Housing Properties </h2>

<ul>
	<li>The Trade: Manufactured Housing Properties Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHPC#NASDAQ">MHPC</a>) Director James L. Johnson <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 52,911 shares </a> at an average price of $0.77. The insider spent around $25.3 thousand to buy those shares.</li>
	<li>What&rsquo;s Happening: Manufactured Housing Properties recently reported changes to senior leadership team.</li>
	<li>What Manufactured Housing Properties Does: Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities.</li>
</ul>

<a href="https://www.benzinga.com/trading-ideas/long-ideas/22/05/26962166/executives-buy-more-than-90m-of-4-stocks">Also check this: Executives Buy More Than $90M Of 4 Stocks </a>

Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>.

<h2>NaturalShrimp </h2>

<ul>
	<li>The Trade: NaturalShrimp Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHMP#NASDAQ">SHMP</a>) CEO, President Gerald Easterling <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 25,000 shares </a> at an average price of $0.23. To acquire these shares, it cost around $5.64 thousand.</li>
	<li>What&rsquo;s Happening: NaturalShrimp recently appointed independent directors Thomas B. Pickens III, Dr. Paraic J. Mulgrew, Dr. Edward R. Rashid, and Edward Johnson to the Board of Directors.</li>
	<li>What NaturalShrimp Does: NaturalShrimp Inc is a shrimp farming biotechnology company. The firm with its subsidiaries develops proprietary technologies for the growth and sale of natural shrimp indoors without the use of antibiotics or toxic materials.</li>
</ul>

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Manufactured Housing

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Thursday, May 05, 2022