Latest news for MVP Hldgs (OTC:MVPT) Stock

MVP Holdings Inc operates in multiple industries, including Consumer Goods, Services, Manufacturing, Hospitality, Technology, Real Estate, and Web-Based Services.

MVP Holdings Inc

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TRNR

Interactive Strength Announces That Armah Sports Group's B_FIT Is Installing Co.'s CLMBR Vertical Climbing Machines In Three Of Its Locations In Saudi Arabia

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) China sales are picking up momentum despite trailing behind Chinese EV maker BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
What Happened: Insurance registrations for Tesla vehicles in China came in at 17,100 units for the week ended November 17, down 1.16% from 17,300 in the previous week, <a href="https://cnevpost.com/2024/11/19/china-ev-insurance-registrations-week-ending-nov-17-2024/">reported</a> CnEVPost, citing data shared by Li Auto.
BYD, however, topped Tesla with&nbsp;94,700 insurance registrations in the period, up 10.24 percent from 85,900 vehicles registered the week before. The Chinese EV maker, however, makes both battery electric vehicles and plug-in hybrids, unlike Tesla.
EV startup Li Auto is following Tesla close on heels with weekly registrations touching 12,300 last week. China's newest EV entrant, Xiaomi, also had 5,700 insurance registrations last week. Insurance registrations in China are considered a proxy for sales.
Analyst Take:&nbsp;Tesla Bull&nbsp;and The Future Fund Managing Partner Gary Black deems the latest insurance registration numbers as positive. 
"After 7 weeks, TSLA China 4th quarter is +19.3% YoY and -0.2% QoQ. This was the highest 7th week of a quarter ever," Black wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> China reported 17.1K insured deliveries for the week of Nov 11-17. After 7 weeks, TSLA China 4th quarter is +19.3% YoY and -0.2% QoQ. This was the highest 7th week of a quarter ever. Sources: <a href="https://twitter.com/piloly?ref_src=twsrc%5Etfw">@piloly</a> <a href="https://twitter.com/Tslachan?ref_src=twsrc%5Etfw">@Tslachan</a> <a href="https://t.co/2AapoLlAbE">pic.twitter.com/2AapoLlAbE</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1858744033666912710?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters:&nbsp;Tesla has to deliver at least 514,926 EVs globally in the last quarter if it is to beat its 2023 delivery number of nearly 1.81 million. China is Tesla's&nbsp;<a href="https://www.benzinga.com/news/24/06/39393504/tesla-rolls-out-upgraded-model-3-performance-to-chinese-customers" target="_blank" rel="noreferrer noopener">second-largest market&nbsp;</a>after the U.S., making deliveries in the region key to realizing Tesla&#8217;s annual delivery goal. 
However, Tesla has never managed to deliver over 500,000 EVs in a quarter to date, making this an&nbsp;<a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">ambitious target.</a>
In the third quarter, Tesla reported deliveries of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter.
Deliveries fell 8.5% year-on-year in the first quarter and by 4.8% in the second quarter.
Price Action: Tesla&#8217;s stock is down 0.33% in premarket trading on Tuesday. Year-to-date, the Tesla stock has gained 36.4%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/11/42025066/elon-musks-spacex-delays-starship-test-flight-next-attempt-now-set-for-tuesday" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s SpaceX Delays Starship Test Flight, Next Attempt Now Set For Tuesday</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Global

Tech

BYDDY

TSLA

Tesla China's Weekly Insurance Registrations Points Towards Strong Q4 In Key Market

Janney Montgomery Scott analyst Daniel Cardenas initiates coverage on ACNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNB#NASDAQ">ACNB</a>) with a Buy rating and announces Price Target of $53.

Price Target

Initiation

Analyst Ratings

ACNB

Janney Montgomery Scott Initiates Coverage On ACNB with Buy Rating, Announces Price Target of $53

Deutsche Bank analyst Brad Zelnick maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold and raises the price target from $77 to $90.

FTNT

Deutsche Bank Maintains Hold on Fortinet, Raises Price Target to $90

Contracts

OPRA

SPOT

Opera, Spotify Announce Partnership; Spotify Becomes The Default Streaming Service Within Upgraded Music Player In Opera One Browser

Blackstone Acquires Majority Stake In Jersey Mike's To Boost Fast-Casual Franchisor's Growth Strategy

Valvoline Projects FY25 Top Line Sales To Grow By 10%-14% To $1.67B-$1.73B And Deliver $450M-$470M Of Adjusted EBITDA

Hovde Group initiates coverage on Princeton Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPRN#NASDAQ">BPRN</a>) with a Market Perform rating and announces Price Target of $40.

BPRN

Hovde Group Initiates Coverage On Princeton Bancorp with Market Perform Rating, Announces Price Target of $40

ACHL

Achilles Therapeutics Gets Approval To Transfer To Nasdaq Capital Market

Collaboration to deliver advanced cloud and AI solutions, empowering manufacturers with enhanced data insights and operational efficiency

MSFT

Rockwell Automation And Microsoft Expand Collaboration To Revolutionize Manufacturing With AI-Powered Insights And Cloud Integration

Valvoline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.42 by 9.52 percent. The company reported quarterly sales of $435.500 million which beat the analyst consensus estimate of $432.741 million by 0.64 percent. This is a 11.67 percent increase over sales of $390.000 million the same period last year.

Earnings

Earnings Beats

Valvoline Q4 2024 Adj. EPS $0.46 Beats $0.42 Estimate, Sales $435.500M Beat $432.741M Estimate

WIIM

BERY

Berry Global shares are trading higher after the company reported better-than-expected Q4 adjusted EPS and sales.

The Determination Letter indicated that, as previously notified by Nasdaq on May 13, 2024, the bid price of the Company's listed security had closed at less than $1 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2).&nbsp;
In accordance with the Rule, the Company was provided 180 calendar days, or until November 11, 2024, to regain compliance with the Rule.

J-Long Group Reveals Receipt Of Determination Letter From Listing Qualifications Department Of Nasdaq

Medtronic shares are trading higher after the company reported better-than-expected Q2 adjusted EPS and sales and raised its FY25 guidance.

Merck shares are trading higher after the company reported topline results from its pivotal Phase 3 MK-3475A-D77 trial, which met its dual primary pharmacokinetic endpoints.

TLSA

Tiziana Life Sciences Secures ALS Association Grant Dor Groundbreaking Intranasal Foralumab Trial

As part of this expanded relationship, EVgo plans to deploy up to 480 new public fast charging stalls at Meijer properties across Michigan, Illinois, Wisconsin, Indiana, Ohio, and Kentucky.

EVGO

EVgo Expands Longstanding Partnership With Midwest Grocery Retailer Meijer; Plans To Deploy Up To 480 New Public Fast Charging Stalls At Meijer Properties

Target shares are trading higher following strong earnings from Walmart.

Biotech

General

OCGN

Ocugen Announces Preliminary Data For OCU410l; Findings Included No Drug-related Serious Adverse Events, Reduced Lesion Growth, Preservation Of Retinal Tissue, Positive Effect On The Functional Visual Measure Of Low Luminance Visual Acuity

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of Defense

SATS

EchoStar's Hughes Lands $6.5M Contract For 5G Open RAN Development And Testing At Fort Bliss, Texas

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