Latest news for International (OTC:ROYMF) Stock

International Distribution Services PLC is a postal and delivery service company domiciled in the United Kingdom. It delivers parcels and letters, produces stamps, and provides marketing services under the Royal Mail and Parcelforce brands. It organizes itself into two segments, based on geography: Royal Mail U.K. operations and GLS non-U.K. operations. Royal Mail derives the majority of revenue from U.K. operations, the company's domestic business. Non-U.K. operations principally include operations across Europe and the United States.

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Benzinga&#39;s Top Upgrades, Downgrades For November 23, 2018

INTERNATIONAL DIST SVC by INTERNATIONAL DISTRIBUTION SVCS PLC

International Distribution Services PLC

Seaport Global analyst Kenneth Zener downgrades LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) from Neutral to Sell and announces $85 price target.

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LGIH

Seaport Global Downgrades LGI Homes to Sell, Announces $85 Price Target

The cryptocurrency ETF market experienced a significant reversal last week, with net outflows <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40136673/bitcoin-tanks-on-weak-payroll-data-experts-weigh-in-how-a-fed-rate-cut-would-impact-crypto">totaling $528 million</a>. 
What Happened: This marks the first outflow period in four weeks, highlighting the impact of growing concerns about a potential <a href="https://www.benzinga.com/news/24/07/40062132/paul-krugman-warns-of-pre-recession-signals-says-sahm-rule-is-currently-sending-the-right-cautionary">U.S. recession</a>, <a href="https://www.benzinga.com/news/24/08/40149966/israel-strikes-gaza-hospital-amid-concerns-of-wider-war">geopolitical tensions</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40153940/bitcoin-crashes-below-50k-briefly-crypto-market-records-over-1b-in-liquidations-in-24-hour">widespread liquidations</a> across various asset classes.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s leading cryptocurrency, bore the brunt of this market sentiment, seeing outflows of $400 million — its first negative flow after five consecutive weeks of inflows.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) followed suit with outflows of $146 million, bringing its total net outflows since the launch of U.S. ETFs to $430 million.
The sell-off was particularly pronounced in the United States, which accounted for $531 million in outflows. 
Germany and Hong Kong also saw outflows of $12 million and $27 million, respectively. 
However, some regions viewed the price weakness as an opportunity, with Canada and Switzerland reporting inflows of $17 million and $28 million, respectively.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40128213/bitcoin-ethereum-etfs-record-net-inflows-on-thursday-as-ark-invest-rebalances-portfolio">Bitcoin, Ethereum ETFs Record Net Inflows On Thursday As Ark Invest Rebalances Portfolio</a>
Breaking down the ETF landscape, Grayscale&#8217;s Bitcoin Trust (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>) continued its streak of outflows, shedding $245 million in the week of July 29 to Aug. 2, bringing its historical net outflow to a staggering $19.06 billion, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot">data </a>from SoSo Value.
In contrast, BlackRock&#8217;s iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) saw a weekly net inflow of $370 million, pushing its total historical net inflow to $20.1 billion.
On the Ethereum front, spot ETFs experienced a net outflow of $169 million last week, according to <a href="https://sosovalue.xyz/assets/etf/us-eth-spot">data</a>. 
Grayscale&#8217;s Ethereum Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>) saw significant outflows of $603 million, bringing its historical net outflow to $2.12 billion. 
BlackRock&#8217;s iShares Ethereum Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>), however, bucked the trend with an inflow of $271 million, raising its total net inflow to $713 million.
James Butterfill, Head of Research at CoinShares <a href="https://blog.coinshares.com/volume-194-digital-asset-fund-flows-weekly-report-578a4db60706">said </a>digital asset investment products saw outflows for the first time in 4 weeks totaling $528 million in what we believe is a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes.&#8221;
The market turbulence has had a significant impact on the total assets under management (AuM) in crypto ETPs, with $10 billion wiped off since Friday&#8217;s close. 
Trading volumes in ETPs reached $14.8 billion last week, representing a lower than average 25% of the total market.
What Happened: Industry stakeholders and investors are expected to delve deeper into these issues at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40118215/vice-president-kamala-harris-chances-up-to-43-is-her-crypto-pivot-driving-the-surge">Vice President Kamala Harris&#8217; Chances Up To 43%: Is Her Crypto Pivot Driving The Surge?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$ETH

ETHA

ETHE

GBTC

IBIT

Bitcoin, Ethereum ETFs Saw $528M Net Outflows Last Week As BTC Plunges To $51,000

Seaport Global analyst Kenneth Zener downgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Buy to Neutral.

Seaport Global Downgrades Lennar to Neutral

AST SpaceMobile, Inc. (&quot;AST SpaceMobile&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced that the U.S. Federal Communications Commission (FCC) has granted an initial license for space-based operations in the United States. With this initial license, AST SpaceMobile is now authorized to launch and operate V, S and UHF frequencies to support gateway, feeder link and telemetry, tracking, and control operations for the first five commercial BlueBird satellites.

Government

Regulations

ASTS

AST SpaceMobile Gets FCC Approval to Launch First Five Commercial BlueBird Satellites For Space-Based Cellular Network

Keybanc analyst Tim Rezvan upgrades Gulfport Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPOR#NYSE">GPOR</a>) from Sector Weight to Overweight and announces $160 price target.

GPOR

Keybanc Upgrades Gulfport Energy to Overweight, Announces $160 Price Target

Baird analyst Robert Mason maintains Atmus Filtration Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATMU#NYSE">ATMU</a>) with a Outperform and raises the price target from $36 to $37.

ATMU

Baird Maintains Outperform on Atmus Filtration Techs, Raises Price Target to $37

Baird analyst Catherine Ramsey maintains Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) with a Outperform and raises the price target from $40 to $46.

TWST

Baird Maintains Outperform on Twist Bioscience, Raises Price Target to $46

<ul>
<li>Additional head-to-head randomized clinical trial demonstrating overall survival benefit with Iomab-B is required by FDA to support a BLA filing.</li>
<li>Actinium to request a meeting with the FDA to further discuss specifics of additional trial.</li>
<li>Actinium will seek strategic partner for Iomab-B in the U.S. following completion of FDA interactions and focus development efforts on Actimab-A, Iomab-ACT and preclinical programs</li>
</ul>

Biotech

Health Care

General

ATNM

FDA Determines That Actinium Pharmaceuticals' Phase 3 Sierra Trial Is Not Adequate To Support A BLA Filing For Iomab-B For Relapsed Or Refractory Acute Myeloid Leukemia, Despite Its Statistically Significant Primary Endpoint

WIIM

Actinium shares are trading lower after the FDA determined that its Phase 3 SIERRA trial is not adequate to support a BLA filing for Iomab-B.

Rival automakers making <a href="https://www.benzinga.com/news/24/08/40145024/ford-reports-31-increase-in-ev-sales-driven-by-popularity-of-tesla-cybertruck-rival-f-150-lightning">EVs undercutting</a> Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) offerings while also incurring significant losses is a problem, admitted the company&#8217;s CEO Elon Musk.
What Happened: &#8220;Other companies dumping EVs at massive negative gross margin is a problem, but not one that will last,&#8221; Musk said. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Other companies dumping EVs at massive negative gross margin is a problem, but not one that will last
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1819804766312296549?ref_src=twsrc%5Etfw">August 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk was referring to companies that discount their EVs to a point below Tesla in a bid to increase sales while also accumulating significant losses.
For instance,&nbsp;<a href="https://www.benzinga.com/news/24/07/39630731/mustang-mach-e-drives-fords-q2-ev-sales-ahead-of-gm-but-its-still-just-a-fraction-of-elon-musks-tesl" target="_blank" rel="noreferrer noopener">Ford sold 23,957 EVs</a> in the U.S. in the second quarter, making it the second best-selling EV brand after Tesla. Its 2024 model year Mustang Mach-E SUV starts at $39,995 and is directly up against Tesla&#8217;s Model Y which starts a $44,990. 
Ford's EV segment, called &#8220;Model e,&#8221; subsequently recorded an EBIT loss of $1.14 billion <a href="https://www.benzinga.com/news/earnings/24/07/39943178/ford-q2-earnings-highlights-revenue-beat-eps-miss-transit-vans-hit-record-ev-sales-fall-37" target="_blank" rel="noreferrer noopener">in the second quarter</a> and a negative EBIT margin of 99.5%. For the whole year, Ford expects to incur a loss of $5 billion to $5.5 billion within the EV segment.
Why It Matters: Musk addressed the lower-priced rival EV offerings in the company&#8217;s second-quarter earnings call last month as well. 
After large adoption and acceleration of EVs, the market witnessed &#8220;a bit of a hangover&#8221; as rivals struggled to make compelling EVs, Musk then said. 
&#8220;So there have been quite a few competing electric vehicles that have entered the market and mostly, they have not done well, but they have discounted their EVs quite substantially, which has made it more a bit difficult for Tesla,&#8221; Musk said. &nbsp;&#8220;We don&#8217;t see this as a long-term issue, but really as fairly short term.&#8221;
Tesla delivered <a href="https://www.benzinga.com/markets/equities/24/07/39595720/tesla-deliveries-fall-for-second-straight-quarter-but-stock-takes-off-as-q2-numbers-exceed-expec">443,956 EVs globally in the second quarter</a>, marking a nearly 4.8% drop from the corresponding period last year. 
The company said last month that it plans to start producing new vehicles, including more affordable ones, starting in the first half of 2025. Currently, Tesla&#8217;s cheapest offering is the Model 3 sedan which starts at $38,990. 
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 More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40154264/trump-says-electric-cars-are-fantastic-after-tesla-ceo-elon-musks-endorsement-i-have-to-be-you-know">Trump Says Electric Cars Are &#8216;Fantastic&#8217; After Tesla CEO Elon Musk&#8217;s Endorsement: &#8216;I Have To Be, You Know… I Have No Choice&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Tesla CEO Elon Musk Admits Lower Priced EVs From Rival Automakers Are A Problem, But 'Not One That Will Last'

Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) reported quarterly losses of $(1.12) per share which beat the analyst consensus estimate of $(1.34) by 16.42 percent.&nbsp;

Earnings

Earnings Beats

AXSM

Axsome Therapeutics Q2 2024 Adj. EPS $(1.12) Beats $(1.34) Estimate

Hovde Group analyst David Bishop upgrades Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) from Market Perform to Outperform.

RNST

Hovde Group Upgrades Renasant to Outperform

The purchase price represents a&nbsp;30%&nbsp;premium to Thoughtworks&#39; closing stock price on August 2, 2024, the last full trading day prior to the transaction announcement, and a premium of approximately&nbsp;48%&nbsp;over the volume weighted average price of Thoughtworks&#39; stock for the 30 days ending August 2, 2024.

TWKS

Thoughtworks Agrees To Be Taken Private By Apax Funds For $4.40 Per Share, Which Implies Total Enterprise Value Of $1.75B

Baird analyst Jeff Johnson maintains DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) with a Neutral and raises the price target from $80 to $82.

DXCM

Baird Maintains Neutral on DexCom, Raises Price Target to $82

Seaport Global analyst Kenneth Zener downgrades PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) from Buy to Neutral.

Seaport Global Downgrades PulteGroup to Neutral

Baird analyst Jeff Johnson downgrades DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) from Outperform to Neutral and lowers the price target from $161 to $80.

Baird Downgrades DexCom to Neutral, Lowers Price Target to $80

Seaport Global analyst Mark Weintraub downgrades Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) from Neutral to Sell and announces $108 price target.

Seaport Global Downgrades Toll Brothers to Sell, Announces $108 Price Target

U Power Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) (the &quot;Company&quot; or &quot;U Power&quot;), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in&nbsp;China, today announced that it has signed a Memorandum of Understanding with Velo Labs Technology Ltd. (&quot;Velo Labs&quot;), a global fintech company, to establish a battery infrastructure investment ecosystem in&nbsp;Thailand. This collaboration aims to accelerate the development of battery bank operations within the UOTTA battery-swapping ecosystem.
This collaboration will create a new development model for the electric vehicle battery bank business, leveraging blockchain technology to enhance battery tracking, user experience, and operational efficiency. Central to this partnership is the establishment of a battery bank asset and fund trading platform based on Velo&#39;s blockchain technology. The platform will integrate battery assets from various &quot;UOTTA&quot; battery bank scenarios, including batteries for four-wheel and two-wheel electric vehicles, batteries from various battery swap stations, and batteries used in energy storage projects. Through this platform, the partnership aims to attract external funding to promote large-scale development of the battery bank industry. Additionally, the collaboration will manage the entire lifecycle of battery assets, including battery cascade utilization, dismantling, and environmentally friendly disposal, comprehensively improving battery utilization rates and residual value.

UCAR

U Power and Velo Labs Collaborate on Blockchain-Based EV Battery Investment Ecosystem in Thailand

Monthly average hashrate of 871 PH/s, an&nbsp;8%&nbsp;increase over July 2023.
The Company held approximately 21 bitcoin in its treasury as of the end of July.
&nbsp;

GRYP

Gryphon Digital Mining Says Achieved Bitcoin Efficiency Of 24 BTC/EH For The Month Of July

Brenmiller Energy Ltd. (&quot;Brenmiller&quot;, &quot;Brenmiller Energy&quot; or the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>), a leading global provider of thermal energy storage (&quot;TES&quot;) solutions for industrial and utility markets, today announced it entered into a securities purchase agreement with one of the Company&#39;s existing institutional investors for aggregate gross proceeds of approximately&nbsp;$1.05 million.
In connection with the private placement, the Company will issue to the investor 1,000,000 ordinary shares of the Company at a price of&nbsp;$1.05&nbsp;per share (reflecting a&nbsp;52%&nbsp;premium to the closing price for the Company&#39;s ordinary shares on Nasdaq on August 2, 2024). The closing of the private placement is subject to certain conditions, including the Company obtaining consent from an existing lender within 90 days of signing the securities purchase agreement. Under the terms of the securities purchase agreement, the investor will also have the right to make a further investment for 1,000,000 additional ordinary shares (or ordinary share equivalents) in the event that the Company&#39;s ordinary shares close at or above&nbsp;$2.50&nbsp;per share within the next 12 months.
The Company intends to use the net proceeds from the private placement for general corporate purposes, including working capital.

Offerings

BNRG

Brenmiller Energy Prices 1M Shares At $1.05/Share Under A Private Placement

Royal Mail PLC (GB:IDS) has released an update. Royal Mail's Global Parcel Business, GLS, is touted as a robust player in international parcel deli...

Royal Mail's GLS Eyes Global Expansion and Innovation

Royal Mail PLC (GB:IDS) has released an update. International Distributions Services plc (IDS) has received a revised non-binding cash offer from E...

IDS Receives Revised Takeover Proposal

Royal Mail (GB:IDS) has released an update. International Distribution Services plc (IDS) has announced a delay in releasing its financial results ...

IDS Delays Financial Results Publication

Royal Mail (GB:IDS) has released an update. International Distribution Services plc (IDS), formerly known as Royal Mail, reported a revenue increas...

IDS Reports Revenue Growth and Turnaround Success

Royal Mail (GB:IDS) has released an update. International Distribution Services plc, known for its Royal Mail operations, has announced the appoint...

Royal Mail Strengthens ESG Committee

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Royal Mail (ROYMF – Research Report) and SkyWest (SKYW – Re...

Analysts Offer Insights on Industrial Goods Companies: Royal Mail (OtherROYMF) and SkyWest (SKYW)

Royal Mail (GB:IDS) has released an update. International Distribution Services plc has announced the grant of conditional performance-based share ...

Royal Mail Executives Granted Performance Shares

Royal Mail (GB:IDS) has released an update. International Distribution Services plc has announced the release of their Annual Report and Financial ...

International Distribution Services Announces AGM

International Distribution Services Stock: A Royal $4.4 Billion Buyout Offer For Royal Mail Parent

Royal Mail (GB:IDS) has released an update. Schroders Plc has adjusted their holdings in International Distribution Services PLC, resulting in a de...

Schroders Plc Reduces Stake in Royal Mail

SKYW

International

<h3>Top Upgrades</h3>

<ul>
	<li>Barclays upgraded Equinor ASA (NYSE:<a class="ticker" href="/stock/EQNR#NYSE">EQNR</a>) from Equal-Weight to Overweight. Equinor shares fell 4 percent to $23.00 in pre-market trading.</li>
	<li>Jefferies upgraded Renault SA (OTC:<a class="ticker" href="/stock/RNLSY#OTC">RNLSY</a>) from Hold to Buy. Renault shares rose 1.98 percent to close at $13.40 on Wednesday.</li>
	<li>Analysts at Canaccord Genuity upgraded Ferguson plc (OTC:<a class="ticker" href="/stock/FERGY#OTC">FERGY</a>) from Hold to Buy. Tandem Diabetes Care shares fell 0.58 percent to close at $6.00 on Wednesday.</li>
	<li>RBC Capital upgraded Royal Mail PLC (OTC:<a class="ticker" href="/stock/ROYMF#OTC">ROYMF</a>) from Underperform to Sector Perform. Royal Mail shares closed at $ 4.14 on Wednesday.</li>
</ul>

&nbsp;

<h3>Top Downgrades</h3>

<ul>
	<li>RBC Capital downgraded Credit Suisse Group AG (NYSE:<a class="ticker" href="/stock/CS#NYSE">CS</a>) from Outperform to Sector Perform. Credit Suisse shares fell 1 percent to $11.84 in pre-market trading.</li>
	<li>Macquarie downgraded Nissan Motor Co Ltd (OTC:<a class="ticker" href="/stock/NSANY#OTC">NSANY</a>) from Outperform to Neutral. Nissan Motor shares rose 1.28 percent to close at $17.07 on Wednesday.</li>
	<li>Jefferies downgraded AB SKF ADR (OTC:<a class="ticker" href="/stock/SKFRY#OTC">SKFRY</a>) from Buy to Hold. SKF shares rose 2.61 percent to close at $15.51 on Wednesday.</li>
	<li>Goldman Sachs downgraded Kingfisher plc (OTC:<a class="ticker" href="/stock/KGFHY#OTC">KGFHY</a>) from Buy to Neutral. Kingfisher shares fell 2.66 percent to close at $6.045 on Wednesday.</li>
</ul>

Benzinga's Top Upgrades, Downgrades For November 23, 2018

RBC Capital upgrades Royal Mail (OTC:<a class="ticker" href="/stock/ROYMF#OTC">ROYMF</a>) from Underperform to Sector Perform.

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Latest news for International (OTC:ROYMF) Stock

Friday, November 23, 2018