John Nuss, the Chief Scientific Officer of Ventyx Biosciences, Inc. (NASDAQ:VTYX), recently sold shares of the company’s common stock. According to a recent filing with the Securities and Exchange Commission, Nuss sold 13,161 shares on December 19, 2024, at an average price of $2.2553 per share, totaling approximately $29,682. The transaction occurred near the stock’s 52-week low of $1.67, with shares currently trading at $2.28. InvestingPro analysis indicates the stock is currently undervalued, with analysts setting price targets ranging from $2 to $21. This transaction was carried out as a broker-assisted sale to cover tax obligations related to the vesting…
Author: user
Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy’s Micheal Saylor: ‘BTC Doesn’t Generate Any Income’ Financial market commentator Peter Schiff on Tuesday criticized Michael Saylor’s comparison of MicroStrategy Inc.‘s (NASDAQ:MSTR) debt-financed Bitcoin (CRYPTO: BTC) buying strategy to Manhattan real estate. What Happened: In an X post, Schiff disagreed with Saylor’s analogy. “Real estate generates rents, which can be used to service and repay debt. Bitcoin doesn’t generate any income to make interest or principal payments,” he argued. Don’t Miss: Spencer Hakimian, founder of hedge fund Tolou Capital Management, countered Schiff’s viewpoint, stating that, unlike the Manhattan real estate…
WASHINGTON — A House Republican bill to fund the government for three months and suspend the debt ceiling for two years failed Thursday night, as dozens of rank-and-file Republicans voted against the deal endorsed by President-elect Donald Trump.A total of 38 Republicans voted against the bill, joined by every Democrat save for two who voted in favor and one who voted present. Without a deal to fund the federal government and legislation that has passed the House and Senate and been signed into law, a partial shutdown is set to begin late Friday night.It was unclear what House Speaker Mike…
The voluntary carbon market (VCM) saw a sharp rise in activity during November as reported by Xpansiv. CBL’s N-GEO standardized contracts and project-specific nature credit trading nearly doubled trading volumes month-over-month. Xpansiv runs the largest spot exchange for environmental commodities, such as carbon credits and renewable energy certificates, and excels in registry services for energy and environmental markets. Trading Doubles as Market Shifts Toward High-Quality Nature Credits Over 600,000 tons of over-the-counter (OTC) block trades were settled under CBL’s N-GEO and N-GEO Trailing Vintage contracts, with prices ranging from $0.30 to $4.10 per metric ton. This surge reflects seasonal trends…
VANCOUVER, BC, Dec. 20, 2024 (GLOBE NEWSWIRE) — Carbon Done Right Developments Inc. (“Carbon Done Right” or the “Company”) (TSXV: KLX) (FSE: Q1C), a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company, is pleased to announce its intention to carry out a non-brokered private placement to raise gross proceeds of up to $250,000 consisting of units (the “Units”) offered at a price of $0.015 per Unit (the “Offering”). Each Unit will be comprised of one common share (a “Share”). The Company plans to utilize offering proceeds for continued investment…
The sale was made to cover tax withholding obligations related to the vesting of restricted stock units, as per Zscaler (NASDAQ:)’s equity incentive plans, and not as a discretionary trade. The sale was made to cover tax withholding obligations related to the vesting of restricted stock units, as per Zscaler’s equity incentive plans, and not as a discretionary trade. The sale was made to cover tax withholding obligations related to the vesting of restricted stock units, as per Zscaler’s equity incentive plans, and not as a discretionary trade. In other recent news, Zscaler, a leader in cloud security, has seen…
Macerich CEO Jackson Hsieh discusses the 2025 REIT market outlook on Asking for a Trend, highlighting key sector developments and investment opportunities. Hsieh addresses how the Federal Reserve’s recent indication of fewer rate cuts in 2025 has affected REITs facing refinancing needs. He notes a softening in this segment, explaining that “investors had … more expectation” of further cuts. Looking at promising investment areas, Hsieh identifies town centers, data centers, healthcare facilities, and retail properties—with a particular emphasis on shopping malls. He points to growing consumer traffic, citing hotspots like Arizona, Virginia, and Portland. To watch more expert insights and…
Storied credit card giant American Express (AXP 1.84%) rode the express train to profit on Thursday. On news of several analyst price target increases, the company’s stock zoomed almost 2% higher on the day. That was more than good enough to top the S&P 500 (^GSPC -0.09%), which slumped by nearly 0.1%. A trio of price target lifts What helped was that not one, not two, but three analysts upped their fair value assessments of AmEx stock. The most substantial raiser was Jeff Adelson from prominent and influential investment bank Morgan Stanley. His new price target is $305 per share,…
SAN DIEGO—Avidity Biosciences, Inc. (NASDAQ:RNA) Chief Human Resources Officer Teresa McCarthy recently sold shares of the company valued at approximately $364,191. The transaction, executed on December 18, involved the sale of 11,151 shares at an average price of $32.66 per share. The sale comes amid a remarkable year for Avidity’s stock, which has surged over 240% year-to-date according to InvestingPro data. Following the sale, McCarthy holds 82,867 shares of Avidity Biosciences. The shares were sold as part of a “sell-to-cover” transaction to fulfill tax withholding obligations related to the vesting of 25,000 time-based restricted stock units. These units were initially…
Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.Jacquelyn Martin/AP The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Many analysts see the reaction as overdone. The Federal Reserve cut its benchmark interest rate on Wednesday to a range of 4.25% to 4.5%, bringing its decline since mid-September to 100 basis points. Wall Street usually celebrates rate cuts as lowering borrowing costs drives spending, investing, and hiring. Reducing rates also signals inflation is under control and makes risk assets…