Neal Flomenberg, Chief Scientific Officer and Global R&D Lead at Tevogen Bio Holdings Inc. (NASDAQ:TVGN), recently sold a substantial portion of company stock. According to a regulatory filing, Flomenberg sold 1,078,600 shares on October 17, 2024. The shares were sold at an average price of $1.62, totaling approximately $1.75 million. The sale was conducted to satisfy tax obligations related to the vesting and settlement of restricted stock units, as noted in the filing. Following this transaction, Flomenberg retains ownership of 4,254,302 shares in the company. In other recent news, Tevogen Bio Holdings Inc. has made significant strides in both its…
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Investing.com — Jefferies analysts upgraded their price target for AppLovin (NASDAQ:) from $108 to $175 in a note Friday, citing optimistic trends in mobile gaming ad spending revealed in their latest survey. The survey, representing over $1.2 billion in app install spending, reportedly suggests that major players like APP, Google (NASDAQ:) (GOOG), and Meta (NASDAQ:) are expected to gain market share in 2025, while Unity (U) may lose ground. In their note, Jefferies analysts said the initial outlook for 2025 app install spending indicates a significant acceleration to 6.7% growth. While the survey forecasts a modest 2.7% growth for 2024, 2025…
One of the biggest secular tailwinds in recent years is the advent of artificial intelligence (AI). The latest advancements in AI went viral early last year, and the list of companies in the $1 trillion club is littered with businesses on the leading edge of this next-generation technology.For example, Apple products — including Siri and Maps — have always embraced AI, while Microsoft, Alphabet, Amazon, and Meta Platforms have developed seemingly impenetrable moats by integrating AI deeply into their respective business operations. Nvidia and Taiwan Semiconductor Manufacturing have developed the chips that make AI possible.Netflix (NASDAQ: NFLX) is one of…
SEOUL (Reuters) -North Korea said on Saturday it had discovered the remains of a crashed South Korean military drone, suggesting it was on a propaganda mission in the latest confrontation between the two involving cross-border flying objects. “In light of the drone’s shape, the presumptive period of flight, the leaflet-scattering box fixed to the underpart of the drone’s fuselage, etc., it is quite likely that the drone is the one which scattered leaflets over the center of Pyongyang Municipality. But the conclusion has not yet been drawn,” said state news agency KCNA. South Korea’s government has declined to say if…
Uranium prices may have dropped recently, but the long-term outlook for this critical energy resource is glowing. With game-changing technologies on the horizon and new uranium projects underway, the market is on for an exciting comeback. The uranium market has seen recent short-term pressure, with spot prices falling below $80 per pound after peaking at $107 in February. Despite this decline, uranium prices remain 30% higher than last year, providing significant returns for producers, according to new analysis from BMO Capital Markets. The World Nuclear Association Symposium in London has highlighted mixed market signals, particularly supply chain issues and delays.…
Chips remain on fire in 2024 despite the recent volatility in earnings reports. Investor sentiment unequivocally is that semiconductors will continue to rally into year-end. That bullish consensus makes this former CBOT pit trader take pause, and I believe now is the time to hedge some semiconductor exposure. I want to use put options in the VanEck Semiconductor ETF (SMH) to mitigate downside risk. As Nvidia CEO Jensen Huang has been on a coast-to-coast roadshow, the AI darling has hit a new all-time high of $140.89 on Thursday. That came in the wake of better-than-expected results from contract chipmaker Taiwan…
Insight Holdings Group, LLC, a significant shareholder in nCino, Inc. (NASDAQ:NCNO), has reported the sale of a substantial portion of its shares. According to the latest filing, the firm sold a total of 559,247 shares of nCino common stock over two days, October 16 and 17, 2024. The transactions were executed at prices ranging from $36.0204 to $36.1597 per share, generating approximately $22.2 million in total proceeds. The sales were part of a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling shares. Following these transactions, Insight Holdings Group continues to hold a…
BOCA RATON, Fla.–(BUSINESS WIRE)–Today, Terran Orbital Corporation (NYSE: LLAP) (Terran Orbital or the Company) announced that leading independent proxy advisory firms Glass Lewis & Co. (Glass Lewis) and Institutional Shareholder Services (ISS), recommend that Terran Orbital Stockholders vote FOR the adoption of the Agreement and Plan of Merger (the Merger Agreement), dated as of August 15, 2024, by and among Terran Orbital, a Delaware corporation, Lockheed Martin Corporation (NYSE:) (Lockheed Martin), a Maryland corporation, and Tholian Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Lockheed Martin (the Merger Agreement Proposal and such transaction, the Merger). Glass Lewis…
Don’t let the rallying market stop you from finding market bargains. There are still plenty of seemingly cheap stocks out there. I want to talk about a couple of them, and it doesn’t take a lot to get started in either position with both stocks currently trading in the $20s. Sirius XM Holdings (SIRI 1.88%) and Carnival Corp. (CCL -0.42%) (CUK -0.10%) are absurdly cheap right now. Even a $500 investment can go a long way right now if investors wake up to the value in the shares. Let’s take a closer look. 1. Sirius XM Warren Buffett warmed up…
bunhill/Getty ImagesThe bull market could be in its final days, according to Calamos Investments’ Michael Grant.The CIO said the market has suffered from “invincibility syndrome.”Grant said stocks could soon enter a period of weak returns, possibly for “many years.”The bull market in stocks looks like it’s close to the top, according to an investment chief.Michael Grant, the co-CIO of Calamos Investments, thinks large-cap stocks could be on track for one of the best years over the last century, before the market tips into a period defined by subpar returns.That’s because stocks are flashing signs of “invincibility syndrome,” with investors falsely…