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Shares of Micron Technology, Inc. ( NASDAQ:MU – Get Free Report ) fell 0.1% during mid-day trading on Thursday following insider selling activity. The company traded as low as $88.10 and last traded at $89.15. 4,495,905 shares were traded during trading, a decline of 79% from the average session volume of 21,926,012 shares. The stock had previously closed at $89.28. Specifically, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $85.21, for a total value of $416,676.90. Following the completion of the sale, the executive vice president now owns 181,223 shares in the company, valued at approximately $15,442,011.83. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Analyst Upgrades and Downgrades Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Piper Sandler lowered their price objective on shares of Micron Technology from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Micron Technology in a research report on Wednesday, December 18th. BNP Paribas lowered shares of Micron Technology from an “outperform” rating to an “underperform” rating and reduced their price target for the company from $140.00 to $67.00 in a report on Thursday, September 12th. Finally, Raymond James increased their price objective on shares of Micron Technology from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.24. Micron Technology Trading Down 1.3 % The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $101.17 and a 200 day simple moving average of $107.22. The company has a market cap of $98.75 billion, a price-to-earnings ratio of 130.34 and a beta of 1.16. Micron Technology ( NASDAQ:MU – Get Free Report ) last posted its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.19. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. Micron Technology’s revenue for the quarter was up 84.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.95) EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 8.31 EPS for the current fiscal year. Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.52%. Micron Technology’s payout ratio is 13.26%. Institutional Trading of Micron Technology A number of hedge funds have recently added to or reduced their stakes in MU. Highline Wealth Partners LLC acquired a new stake in Micron Technology in the third quarter valued at approximately $26,000. Davis Capital Management acquired a new stake in Micron Technology in the 3rd quarter valued at $30,000. True Wealth Design LLC grew its stake in Micron Technology by 1,096.3% in the 3rd quarter. True Wealth Design LLC now owns 323 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 296 shares during the period. DT Investment Partners LLC increased its holdings in Micron Technology by 261.1% in the 3rd quarter. DT Investment Partners LLC now owns 325 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 235 shares in the last quarter. Finally, Stone House Investment Management LLC raised its position in Micron Technology by 602.2% during the third quarter. Stone House Investment Management LLC now owns 323 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 277 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors. About Micron Technology ( Get Free Report ) Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. See Also Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter .Saints hope to ride the Rizzi factor back to relevance after their bye weekPure Storage, Inc. ( NYSE:PSTG – Get Free Report ) CRO Dan Fitzsimons sold 8,895 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total transaction of $570,258.45. Following the sale, the executive now directly owns 72,927 shares of the company’s stock, valued at $4,675,349.97. This represents a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Pure Storage Stock Performance NYSE:PSTG opened at $63.65 on Friday. Pure Storage, Inc. has a 52 week low of $34.32 and a 52 week high of $70.41. The company has a fifty day simple moving average of $56.44 and a two-hundred day simple moving average of $57.04. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 0.07. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 167.50, a price-to-earnings-growth ratio of 7.69 and a beta of 1.13. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in shares of Pure Storage by 210.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company’s stock valued at $137,628,000 after buying an additional 1,730,123 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Pure Storage by 22.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company’s stock worth $204,163,000 after acquiring an additional 747,034 shares during the last quarter. State Street Corp grew its holdings in Pure Storage by 6.5% during the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock worth $515,596,000 after acquiring an additional 626,427 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Pure Storage in the 3rd quarter valued at approximately $20,470,000. Finally, FMR LLC raised its holdings in shares of Pure Storage by 0.8% in the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock valued at $2,469,487,000 after purchasing an additional 368,643 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Check Out Our Latest Stock Report on PSTG About Pure Storage ( Get Free Report ) Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Further Reading Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with MarketBeat.com's FREE daily email newsletter .Menendez brothers' attorney to petition for case to be transferred to California AG's office
NoneATLANTA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. ("Bitcoin Depot” or the "Company”) (NASDAQ: BTM), a U.S.-based Bitcoin ATM ("BTM”) operator and leading fintech company, today celebrates a landmark moment in the cryptocurrency as Bitcoin surpasses its all-time price peak of $100,000. This industry milestone reflects growing global confidence in Bitcoin as a financial asset and highlights the increasing demand for accessible crypto solutions. "Bitcoin reaching $100,000 is an example of its resilience, staying power, and growing role in the financial ecosystem," said Brandon Mintz, CEO and founder of Bitcoin Depot. "This moment shows the growing trust millions place in Bitcoin and further establishes Bitcoin Depot's commitment of 'Bringing Bitcoin to the Masses ® ' by providing secure, user-friendly access points that bridge traditional finance and the digital economy." 2024 has been a defining period for the crypto industry, marked by significant advancements such as the U.S. Securities and Exchange Commission's approval of the first Bitcoin spot ETFs and continued growing institutional adoption. These achievements, coupled with increased regulatory clarity and rising global interest in Bitcoin, further demonstrate cryptocurrency's expanding role in the financial landscape. Bitcoin Depot, with over 8,300 Bitcoin ATM kiosks deployed across North America and Puerto Rico, has cemented itself as a key player in facilitating crypto adoption. As the largest BTM operator in North America, the Company has built significant momentum in the last year, marked by key milestones such as bringing its BDCheckout Program to six new states, expanding into Puerto Rico , and introducing strategic retail partnerships with multiple major convenience and grocery store retailers. "Bitcoin's momentum is driving new users to enter the market, and many are choosing BTMs for secure and convenient access to cryptocurrency,” said Scott Buchanan, COO of Bitcoin Depot. "At Bitcoin Depot, we've always believed in providing everyone with easy access to Bitcoin, and as we grow, our focus remains on delivering a simple and reliable way to buy Bitcoin quickly and securely. This is just the beginning for the cryptocurrency industry and Bitcoin Depot as a leading provider.” Bitcoin Depot BTMs are designed to provide a seamless user experience, allowing customers to quickly convert cash into Bitcoin and access the broader digital financial system for payments, transfers, remittances, and investments. About Bitcoin Depot Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with approximately 8,486 kiosk locations as of December 05, 2024. Learn more at www.bitcoindepot.com . Cautionary Note Regarding Forward-Looking Statements This press release and any oral statements made in connection herewith include "forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Amendment, and the closing of the Preferred Sale. These forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement. Contacts: Investors Cody Slach Gateway Group, Inc. 949-574-3860 [email protected] Media Brenlyn Motlagh, Ryan Deloney Gateway Group, Inc. 949-574-3860 [email protected]
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