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Prospera Private Wealth LLC and Ashton Thomas Private Wealth LLC recently acquired new positions in Edison International, valued at approximately $32,000 and $27,000, respectively. Institutional investors own 88.95% of the stock, which has a "Moderate Buy" rating from analysts, despite mixed price targets ranging from $72.00 to $100.00. Edison International reported a quarterly EPS of $1.51, exceeding estimates, with a revenue increase of 10.6% year-over-year.
US stocks rebounded on Thursday after a sell-off triggered by a hawkish Federal Reserve outlook on interest rates. The Dow Jones Industrial Average rose over 1%, breaking a 10-session losing streak, while the S&P 500 and Nasdaq also gained more than 1%. Economic data showed third-quarter GDP growth at an annualized rate of 3.1% and a decrease in weekly unemployment claims to 220,000.
South Korea has delayed the implementation of a crypto tax until 2027, reaffirming its pro-crypto stance amid political uncertainty following President Yoon Suk-yeol's impeachment. The government aims to develop a comprehensive regulatory framework while monitoring global trends, particularly U.S. policies under President-elect Donald Trump. Despite the turmoil, trading activity remains strong on major exchanges as investors seek cryptocurrencies as a hedge against the weakening Korean Won.
Insiders have sold 164,977 shares of Netflix stock valued at $129.3 million over the past three months, with insiders owning 1.76% of the company. Institutional investors hold 80.93% of the stock, and UBS Group has raised its price target for Netflix from $825 to $1,040, suggesting a potential upside of 16.91%. The company reported $5.40 EPS for the last quarter, exceeding estimates, with a revenue of $9.82 billion.
Insiders have sold 164,977 shares of Netflix stock valued at $129.3 million over the past three months, with insiders owning 1.76% of the company. Institutional investors hold 80.93% of the stock, and analysts have a "Moderate Buy" rating with an average target price of $807.70. UBS Group recently raised its target price from $825 to $1,040, suggesting a potential upside of 16.91%.
Wall Street experienced a significant decline on December 19, 2024, with the Dow Jones Industrial Average dropping 1,123.03 points, or 2.6%, marking its longest losing streak since 1974. The Nasdaq Composite and S&P 500 also fell sharply by 3.6% and 3%, respectively, as the Federal Reserve's cautious outlook for rate cuts in 2025 spooked investors. All sectors closed in the red, with consumer discretionary, real estate, and technology stocks hit hardest.
RPM International has seen significant insider selling, with 11,083 shares sold worth $1.44 million in the last ninety days, while insiders hold 1.60% of the stock. Institutional investors control 80.95% of shares, with recent increases in positions by several firms. Analysts have raised price targets for RPM, with UBS Group setting a new target of $130, reflecting a potential upside of 2.77%. The company reported earnings of $1.84 per share, surpassing estimates, despite a year-over-year revenue decline of 2.1%.
RPM International's chief accounting officer now owns 11,596 shares valued at approximately $1.47 million, reflecting a 23.77% decrease in ownership. Insiders have sold 11,083 shares worth $1.44 million in the last ninety days, while institutional investors hold 80.95% of the stock. Analysts maintain a "Hold" rating, with price targets ranging from $126 to $149.
Birkenstock (NYSE:BIRK) has received a target price increase from UBS Group, now set at $95.00, indicating a potential upside of 66.20%. Analysts show strong support for the stock, with 14 buy ratings and a consensus price target of $68.31, despite its current "Moderate Buy" rating. Institutional investors are also increasing their stakes, reflecting growing confidence in the company's market position.
Birkenstock (NYSE:BIRK) received a target price increase from UBS Group, rising from $83.00 to $95.00, indicating a potential upside of 66.20%. The stock currently holds a "Moderate Buy" rating, with 14 analysts recommending a buy and one a strong buy, while the average price target is $68.31. Institutional investors have also been active, with notable increases in positions from firms like MetLife Investment Management and Amalgamated Bank.
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edison international sees mixed analyst ratings and significant institutional investment
15:38 19.12.2024
US stocks rebound as Dow ends longest losing streak in 50 years
15:32 19.12.2024
south korea delays crypto tax to 2027 amid political uncertainty and global trends
15:27 19.12.2024
insider sales and institutional investments shape netflix stock outlook
15:23 19.12.2024
insider sales and institutional investments shape netflix stock outlook
15:23 19.12.2024
stocks tumble as federal reserve signals cautious approach to rate cuts
15:23 19.12.2024
rpm international sees insider sales and institutional investment changes
15:22 19.12.2024
rpm international insider trading and institutional investment updates
15:22 19.12.2024
birkenstock stock forecast shows potential for significant price appreciation
15:22 19.12.2024
birkenstock stock forecast shows potential for significant price appreciation
15:22 19.12.2024
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