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Sachetta LLC increased its FedEx stake by 29.1% in Q2, owning 164 shares valued at $49,000, while IVC Wealth Advisors raised its position by 2.0% in Q3, holding 1,948 shares worth $533,000. Institutional investors control 84.47% of FedEx's stock, which has a "Moderate Buy" rating and a consensus target price of $322.48. Recent earnings showed a slight revenue decline, with EPS of $4.05 surpassing estimates.
Janney Montgomery Scott LLC increased its stake in Verizon Communications, owning over 2 million shares valued at $92.4 million, while Charles Schwab Investment Management raised its holdings to 101 million shares worth $4.5 billion. Analysts maintain a "Hold" rating, with a consensus target price of $46.51, despite recent earnings beating estimates. Verizon's stock opened at $39.90, with a market cap of $168 billion and a P/E ratio of 17.20.
Janney Montgomery Scott LLC increased its stake in Verizon Communications to over 2 million shares, while Charles Schwab Investment Management raised its holdings to over 101 million shares. Analysts maintain a "Hold" rating on the stock, with a consensus target price of $46.51, despite recent earnings beating estimates. Institutional investors own 62.06% of Verizon's stock, reflecting strong interest in the telecommunications sector.
Dogecoin has plummeted to $0.267, marking a 19% drop in 24 hours and a 24% decline over the month, making it the biggest loser among top cryptocurrencies. Bitcoin fell to $95,480, down 7%, while Ethereum and XRP also experienced significant losses of 10% and 9%, respectively. Over $1.4 billion in crypto positions were liquidated as the market faced sharp declines.
US stocks fell on Friday as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. The Nasdaq Composite led losses with a 0.8% drop, while the S&P 500 and Dow Jones fell 0.4% and 0.1%, respectively. Key inflation data showed a month-over-month deceleration in price increases, but inflation remains a concern for the Federal Reserve.
CRISPR Therapeutics insiders have sold 50,382 shares worth $2.74 million in the last 90 days, with insiders owning 4.10% of the company. Institutional investors hold 69.20% of the stock, while analysts maintain a "Hold" rating, with a consensus target price of $77.93. The company's recent earnings report showed a loss of $1.01 per share, exceeding expectations, but revenue fell short at $0.60 million.
Bitcoin's price plummeted to $92,000, triggering $1.4 billion in liquidations, with altcoins like Ethereum and XRP suffering even greater losses. Spot Bitcoin ETFs experienced record outflows of $672 million, coinciding with a broader market downturn following comments from the Federal Reserve chair about interest rates. Despite the turmoil, some traders remain optimistic about future gains, citing potential support from a pro-crypto administration.
Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.
On December 20, 1989, Rath went public in Vienna, raising ATS 86 million. The ATX TR index saw an average performance of 0.16% on this date, with the best performance recorded in 2011 at 3.00% and the worst in 2018 at -2.73%. Additionally, Andritz replaced Raiffeisen in the ATX five on December 20, 2010.
AppLovin stock remains a market leader despite a recent 7% drop following comments from Federal Reserve Chairman Jerome Powell. A suggested short iron condor trade involves selling call and put spreads, aiming to profit from time decay while estimating price movements. Traders can maximize profits if the stock stays within defined ranges, with a focus on managing risk and volatility.

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