Mark R. Nesselroad, a director at United Bankshares Inc. (NASDAQ:), has reported the sale of 6,000 shares of common stock, according to a recent SEC filing. The shares were sold at an average price of $39.16 each, totaling approximately $234,965. The transaction occurred at a premium to the current trading price of $37.76, with InvestingPro analysis indicating the stock is currently undervalued. The $5.1 billion market cap company maintains a “GOOD” overall financial health score. Following this transaction, Nesselroad retains indirect ownership of 35,424 shares through his spouse and additional holdings of 14,141 shares directly and 18,358 shares indirectly through…
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This article summarizes the most significant insider buys and sells reported on Wednesday for US stocks. Top Buys: TKO Group Holdings, Inc. (NYSE:TKO) saw substantial insider purchases from multiple parties. Silver Lake, a private equity firm, acquired approximately $77.4 million worth of TKO’s Class A Common Stock over two days. The purchases were made at prices ranging from $143.35 to $148.97 per share. Endeavor Group Holdings, Inc., through its subsidiary Endeavor Operating Company, LLC, also acquired 518,400 shares of TKO, totaling about $77.4 million. Additionally, Emanuel Ariel, TKO’s Chief Executive Officer, made a significant purchase of approximately $77.4 million in…
Image source: Getty Images The Santa Rally of early December now seems a long, long time ago. Today, stock markets are awash with a sea of red, with some predicting that a US stock market crash could be around the corner. So what’s going on? And what action should investors like me take? Here’s what’s happened Hopes of swingeing interest rate cuts in 2024 and 2025 have boosted global share markets this year. Base rate reductions provide an economic stimulus and bring down borrowing costs, boosting corporate profitability. But stickier inflation more recently suggests these extreme rate reductions may not…
James Monroe III, a director and significant shareholder of Globalstar, Inc. (NYSE:), has acquired 500,000 shares of the company’s voting common stock. The shares were purchased on December 18 at a volume-weighted average price of approximately $1.9966 per share, amounting to a total investment of $998,300. The purchase comes as the stock has shown strong momentum, with a 78% gain over the past six months, trading near $1.90 in a 52-week range of $1.00-$2.74. The transactions were executed through Thermo Properties II, LLC, a related entity. Following these transactions, Monroe’s indirect ownership through various entities includes substantial holdings in Globalstar,…
Image source: Getty Images The stock market is having an up year in 2024, driven higher by the stampeding US bull market and widespread excitement about the revolutionary potential of artificial intelligence (AI). My own portfolio is on track for one of its best ever years. That said, there’s still a few trading days of the year left, so I’m not counting my chickens just yet. Getting started early Younger people today are investing more than ever before. According to the World Economy Forum, 70% of retail investors globally are aged under 45. This is a smart move on their…
Verity Holdings, a subsidiary of Gevo Inc. (NASDAQ: GEVO), has announced a new partnership with Midwest Renewable Energy (MRE), a Nebraska-based ethanol producer. MRE will utilize Verity’s end-to-end carbon accounting platform to track sustainability metrics and enhance profitability. The platform will assist MRE in data collection, management, and lifecycle analysis calculations for participation in low carbon fuel production programs.MRE, which produces ethanol for fuel, industrial, pharmaceutical, food, and beverage applications, aims to expand monetization opportunities through tax credits, compliance, and voluntary markets. The partnership will enable MRE to access carbon value opportunities beyond regulatory programs through Verity’s network of clients.…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. In the Coinbase (COIN) vs. Robinhood (HOOD) investor debate, there is fodder for both bulls and bears. But for veteran fintech analyst Dan Dolev at Mizuho Securities, Robinhood remains an undefeated name with room to grow. “They’re in the early stages of becoming one of the top financial services companies in the world,” he told Yahoo Finance executive editor Brian Sozzi during the Opening Bid podcast (see video above; listen below). “There is no millennial, Gen Alpha, any of the [18- to 30-year-olds]…
President-elect Donald Trump on Wednesday came out against a Republican-backed government funding bill, siding with Elon Musk’s crusade against the package and raising the odds of a government shutdown.Trump is opposed to the continuing resolution put forward by Republican House Speaker Mike Johnson, according to a source familiar with the president-elect’s thinking, who was granted anonymity to describe private conversations.The source confirmed that Trump told a Fox News host he is “totally against” the CR.Later Wednesday afternoon, Vice President-elect and Sen. JD Vance, R-Ohio, released a joint statement from him and Trump declaring that politicians should “pass a streamlined bill”…
LONDON – JPMorgan Global Growth & Income PLC has issued 50,000 new Ordinary Shares at a price of 577.00 pence per share, as announced on Thursday. This issuance is part of the company’s block listing facility established on May 24, 2024. The transaction results in an increase in the total issued share capital of the investment trust to 510,127,308 Ordinary Shares. Shareholders can use this figure as the denominator for calculations to determine whether they need to notify changes in their stake in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. With this new…
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES – (NewMediaWire) – December 16, 2024 – Mullen Automotive (NASDAQ: MULN) announced that its subsidiary, Bollinger Motors, has delivered its first 25 all-electric B4 chassis cab trucks since production began in September, generating $4.1 million in retail sales. Designed with input from fleet operators, the Class 4 B4 truck features a 158-kWh battery, over 7,300 pounds of payload capacity, and a 185-mile range. Bollinger credits its growing dealer network and customer enthusiasm for the vehicle’s rapid market adoption. Key…