Latest news for Vidrala (OTC:VDRFF) Stock

Vidrala SA manufactures and sells a variety of glass products. The firm operates plants that create and mould glass into bottles and jars based on specific customer needs. The company's customers manufacture beer, juices, spirits, wines, oils, vinegar, and preserved food. Vidrala also offers logistical services for packaged food products within the United Kingdom. The company organizes itself into three segments based on geography: the U.K. and Ireland, Italy, the Iberian Peninsula and the rest of Europe. It makes the majority of its revenue from the Iberian Peninsula and the rest of the Europe segment.

Vidrala SA

JMP Securities analyst Devin Ryan maintains Hercules Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTGC#NYSE">HTGC</a>) with a Market Outperform and raises the price target from $20 to $22.

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HTGC

JMP Securities Maintains Market Outperform on Hercules Capital, Raises Price Target to $22

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rival online marketplace Temu faces backlash from suppliers in China over its aggressive effort to reshape its business model radically.
The Chinese group, owned by the $177 billion e-commerce giant PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), recently sought to recruit Amazon merchants with goods in warehouses in the U.S. and EU, the Financial Times <a target="_blank" href="https://www.ft.com/content/5a562326-df49-433d-8e8b-d015a55c46bb" rel="noreferrer noopener">reports</a>.
This move aims to protect Temu's business if governments close a tax loophole that has fueled its growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/40007141/alibaba-stock-soars-as-new-service-fees-boost-revenue" rel="noreferrer noopener">Alibaba Stock Soars As New Service Fees Boost Revenue</a>
It would also reduce delivery times by storing goods closer to shoppers, enabling Temu to sell bulkier and higher-margin products such as furniture and home appliances.
The pivot to suppliers with overseas warehouses marks a transition from a "fully managed" to a "semi-managed" model, where merchants take on shipping, warehousing, and last-mile delivery costs previously handled by Temu.
Several Chinese suppliers in Guangzhou have expressed doubts about this change, citing increased risks.
Dozens of suppliers have protested at Temu's offices in Guangzhou over the fines, with one showing evidence of 279 fines totaling 114 million Chinese yuan ($16 million).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/30054512/newplot-75.png" alt="" class="wp-image-464349" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/30054512/newplot-75.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/30054512/newplot-75-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
To overcome this resistance, Temu promises to promote sellers by giving their products top slots on its platform if they sign up for the new model and offers a $3 subsidy per order for specific clothing items.
PDD Holdings stock gained over 42% in the last 12 months. Alibaba stock lost over 23%.
Price Action: PDD shares traded lower by 1.68% at $125.45 at the last check on Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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AMZN

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Alibaba Rival Temu's Aggressive Model Shift Sparks Supplier Protests: Report

Biotech

General

Pfizer Exec Says Shares Bristol Myers' View That Co Has The Ability To Navigate The Impact Of IRA On Eliquis; Eliquis Will Be An Important Drug In Co's Portfolio For The Foreseeable Future, From A Net Present Value Perspective, The Impact Of Ira On Pfizer Is Somewhat Muted; Says $1.5B Of Cost Savings Is Only From Phase One Of A Multiple Phase Program

UBS analyst Stephen Ju maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Buy and raises the price target from $217 to $224.

UBS Maintains Buy on Amazon.com, Raises Price Target to $224

Macro Economic Events

Politics

Economics

Democratic Nominee Kamala Harris To Go On Battleground State Tour With Vice Presidential Choice Next Week

JMP Securities analyst Devin Ryan maintains Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Market Outperform and raises the price target from $21 to $22.

ARCC

JMP Securities Maintains Market Outperform on Ares Capital, Raises Price Target to $22

WIIM

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

<a href="https://www.vacourts.gov/opinions/opncavwp/1399224.pdf" title="https://www.vacourts.gov/opinions/opncavwp/1399224.pdf">https://www.vacourts.gov/opinions/opncavwp/1399224.pdf</a>

Legal

APPN

Virginia Judge Reverses The $2B Verdict Awarded To Appian Over Pega Systems; Says "There Was Insufficient Evidence That Pega Misappropriated Any Trade Secrets"

Market Summary

MSFT

PYPL

Benzinga Market Summary: Merck Beats Q2 Revenue And EPS Estimates But Falls On Guidance Cut, PayPal Rises On Strong Earnings, Microsoft And AMD To Report Earnings After Market Close

Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) shares are trading lower after <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">releasing second-quarter results.</a>
The company reported second-quarter adjusted earnings per share of $1.03, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40032986/adm-reports-second-quarter-2024-results-affirms-full-year-eps-guidance" rel="noreferrer noopener">missing the analyst consensus of $1.22.</a>
Lower pricing and execution margins led to a decline, largely reflecting the impact of <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">lower crush and origination margins.&nbsp;</a>
The company reported quarterly sales of&nbsp;$22.248 billion, which missed the analyst consensus estimate of&nbsp;$23.177 billion. This is a&nbsp;11.68 percent&nbsp;decrease over sales of&nbsp;$25.190 billion&nbsp;the same period last year.
&#8220;ADM delivered solid results in the quarter, in spite of challenging market conditions, and we are pleased with the progress we are making against our 2024 priorities and strategic initiatives,&#8221; said Juan Luciano, Chair of the Board and CEO.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40038663/nio-executive-urges-rival-li-auto-to-halt-weekly-sales-rankings-read-why" rel="noreferrer noopener">NIO Executive Urges Rival Li Auto To Halt Weekly Sales Rankings: Read Why</a>
Trailing four-quarter average return on invested capital (ROIC) was 8.9%, while trailing four-quarter average adjusted return on invested capital was 9.7%
&#8220;In Ag Services &amp; Oilseeds, while large South American crops and shifts in farmer selling behaviors impacted results in the second quarter, we expect improved margin opportunities through the remainder of the year,&#8221; Luciano added.
Outlook: Archer-Daniels-Midland affirms its previously provided FY24 adjusted EPS guidance of<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> $5.25 &#8211; $6.25 (estimate: $5.49)</a>.
Price Action: ADM shares are trading lower by 1.68% to $62.24 at last check Tuesday.
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</ul>

Earnings

Equities

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Movers

Archer-Daniels-Midland Shares Drop As Q2 EPS Misses Expectations; CEO Sees Margin Improvement

AMC Enter Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) short percent of float has fallen 18.44% since its last report. The company recently reported that it has 53.74 million shares sold short, which is 14.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.9 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>AMC Enter Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722352521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AMC Enter Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AMC Enter Hldgs'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>, AMC Enter Hldgs's peer group average for short interest as a percentage of float is 6.74%, 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

Peering Into AMC Enter Hldgs's Recent Short Interest

LivePerson's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NYSE">LPSN</a>) short percent of float has fallen 29.17% since its last report. The company recently reported that it has 5.70 million shares sold short, which is 7.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.82 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>LivePerson Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722352516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for LivePerson has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing LivePerson'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>, LivePerson's peer group average for short interest as a percentage of float is 5.15%, 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.

LPSN

(LPSN) - Analyzing LivePerson's Short Interest

Vertiv Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) short percent of float has risen 11.01% since its last report. The company recently reported that it has 14.97 million shares sold short, which is 4.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.17 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>Vertiv Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722352511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vertiv Hldgs 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 Vertiv Hldgs'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>, Vertiv Hldgs's peer group average for short interest as a percentage of float is 11.39%, 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 Vertiv Hldgs?

In an unsettling bureaucratic mishap, Kenshay Watkins of Memphis found herself in a nightmarish predicament: legally declared dead by the <a href="https://www.benzinga.com/personal-finance/24/05/39011316/warren-buffett-was-asked-if-social-security-was-a-government-sponsored-ponzi-scheme-for-retirees">Social Security Administration (SSA)</a>, effectively stripping her of access to her finances and health insurance. Despite being very much alive, Watkins has faced significant challenges as she tries to correct this grave error.
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In January, Watkins, a 35-year-old Memphis resident, applied for <a href="https://www.benzinga.com/personal-finance/24/07/39668044/labor-economist-says-if-elon-musk-paid-for-social-security-on-his-salary-for-an-entire-year-it-w">Social Security benefits</a> to assist her after being hospitalized for seizures that made it difficult for her to work and drive. Unfortunately, her benefits were denied. During a visit to the SSA office to appeal this claim, the staff told her that she had been marked deceased on January 10, 2024. This error plunged her life into chaos for more than six months.&nbsp;&nbsp;
"Because I'm labeled deceased, I'm not who they say I am," Watkins told Fox 13 News. This simple yet devastating mistake disrupted every aspect of her life. Newly married, her situation was akin to vanishing into thin air. "Not literally, but tangibly, you've lost your wife and you're a widow," Watkins explained.
See Also: <a href="https://www.benzinga.com/money/fundrise-innovation-fund">When today&#8217;s AI startups go public, most of the rapid growth will be behind them — here&#8217;s how not to get left out.</a>
Letters addressed to "Kenshay Watkins Estate" began to arrive, and debt collectors, banks, and the IRS were informed that she was deceased. Her bank accounts were canceled, debt collectors began seeking repayment, and even her tax return wasn't processed due to her supposed death.&nbsp;
This entire ordeal went beyond just financial troubles, though. "They can't find my social security number, so they can't add me (to health insurance)," Watkins stated. She couldn&#8217;t drive, vote, or work. "Nobody can pay me. They can't deduct taxes. And it's illegal to pay me under the table, or we're both going to jail," she said.
Trending: Are you richer than most people you know?<a href="https://www.benzinga.com/money/are-you-richer-than-most-people"> Here&#8217;s the net worth you need at every age to be above average.</a>
&nbsp;After trying several times to fix the error, including many in-person trips to the Social Security office, Watkins was left feeling frustrated. "It's one of the most frustrating, most disheartening, most complicated, but so uncomplicated because a simple error has caused so much chaos," she sighed. Even though the SSA admitted their mistake in March, it took until mid-July to restore her living status. And this only occurred after Fox 13 contacted Congressman Steve Cohen's office for intervention.&nbsp;
Fox 13 spoke to the Social Security Administration about this mishap and discovered a disturbing statistic: out of approximately 3.1 million annual death reports to the SSA, less than one-third of a percent are incorrect. That percentage may seem small, but it equates to about 10,000 people each year facing the same situation as Watkins.&nbsp;
The whole situation has taken a profound emotional and mental toll on Watkins and her family. "I'm living with a ghost. Literally, paranormal activity," said her wife. Watkins' life is gradually returning to normal, but after the catastrophic effect of one simple bureaucratic error, the path to restoring all of her accounts remains long and arduous.&nbsp;
As Watkins continues to navigate the aftermath of this error, her story serves as a stark reminder of the importance of vigilance and advocacy in dealing with bureaucratic systems. For personalized assistance in navigating such challenges, consulting a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> can be invaluable in ensuring your financial and legal matters are accurately managed and protected.
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Personal Finance

Social Security Administration Accidentally 'Kills' Memphis Woman, Blocking Her From Access To Money And Health Insurance

Pennsylvania Governor Shapiro Says Has Serious Concerns About Nippon Steel Acquisition Of U.S. Steel; Says Nippon Steel Deal For U.S. Steel Would Not Meet His Approval As It Stands Now

Stephens &amp; Co. analyst Jeff Garro reiterates Evolent Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) with a Overweight and maintains $42 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Evolent Health, Maintains $42 Price Target

Seaport Global analyst Sunil Sibal maintains Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Buy and raises the price target from $129 to $141.

TRGP

Seaport Global Maintains Buy on Targa Resources, Raises Price Target to $141

U.S. Treasury's Yellen Says President Biden Wants To See His Successor Make Sure That Households Earning Under $400,000 See No Increase In Taxes; Biden Wants To See Tax Fairness IWTH Higher Taxes On Wealthy And Corporations

Stephens &amp; Co. analyst Mason Carrico reiterates Hologic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) with a Overweight and maintains $92 price target.

HOLX

Stephens & Co. Reiterates Overweight on Hologic, Maintains $92 Price Target

Amazon.Com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video is undercutting rival Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) on advertising pricing as it battles for marketers' attention.
Amazon introduced advertising to its Prime Video platform five months ago and is going through its first "up front," when television companies present their plans to advertisers to attract money for the next year, the Financial Times <a target="_blank" href="https://www.ft.com/content/d45c4153-6c11-4f1e-9009-62f8adf5ac2b" rel="noreferrer noopener">reports</a>.
Many rival platforms, including Netflix, Max, Paramount+, and Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+, have introduced ad-supported tiers at lower prices than their ad-free subscriptions.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39822614/disney-develops-tech-to-rival-netflix-and-boost-streaming-profits-report" rel="noreferrer noopener">Disney Develops Tech to Rival Netflix and Boost Streaming Profits: Report</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/30051840/newplot-74.png" alt="" class="wp-image-464279" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/30051840/newplot-74.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/30051840/newplot-74-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Analysts expect Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to bring ads to its <a target="_blank" href="https://www.benzinga.com/news/24/07/39886297/apple-adjusts-hollywood-approach-cuts-costs-on-original-shows-report" rel="noreferrer noopener">TV+ service</a> soon.
Advertisers purchase "bundles" in various formats, making direct comparisons difficult. However, multiple executives and advertising leaders told the FT that Amazon is pricing its ad slots more cheaply than Netflix but higher than others like Disney.
The entry of Amazon has forced competitors to lower their prices, the FT cited advertising sources.
The e-commerce giant automatically converted over 200 million global subscribers to the ad tier unless they opted to pay more for the premium ad-free service.
Citi estimated in January that Prime Video adverts could generate over $5 billion in "high-margin advertising revenue" as it expands.
In the second quarter of 2024, Amazon Prime Video and Netflix led the U.S. subscription video-on-demand (SVOD) market, each holding a 22% share, as per <a target="_blank" href="https://www.statista.com/statistics/496011/usa-svod-to-tv-streaming-usage/" rel="noreferrer noopener">Statista</a>.
A <a target="_blank" href="https://www.benzinga.com/news/24/07/39886297/apple-adjusts-hollywood-approach-cuts-costs-on-original-shows-report" rel="noreferrer noopener">recent report</a> indicated that Apple is refining its strategy in Hollywood after spending over $20 billion on original TV shows and movies that have yet to attract large audiences.
Apple's streaming service captures only 0.2% of TV viewing in the U.S. This is significantly lower than competitors like Netflix, which sees more monthly views than Apple does in a day.
Apple plans to make its streaming business more sustainable by paying less upfront for shows and canceling underperforming series faster.
Price Action: AMZN shares are trading higher by 0.45% at $184.03 at the last check on Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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