[ad_1] HAYWARD, Calif.–(BUSINESS WIRE)–Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage, global biopharmaceutical company focused on developing differentiated molecules and combination therapies for patients with cancer, today announced that the Compensation Committee of the Company’s Board of Directors granted four new employees options to purchase a total of 66,900 shares of the Company’s common stock at an exercise price per share of $15.96, which was the closing price on December 23, 2024, and restricted stock units to acquire a total of 33,450 shares of the Company’s common stock. The equity awards were granted pursuant to the Company’s 2020 Inducement Plan, which was…
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[ad_1] Investing.com — TD Cowen upgraded Despegar.com Corp (NYSE:) to “hold” from “sell” after the Latin American online travel firm agreed to be acquired by Prosus (OTC:) for $19.50 per share in cash. The deal, representing a 33% premium to Despegar’s Friday close, values the company at 26 times its expected 2025 earnings. TD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling. Despegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a…
[ad_1] Mortgage rates edged higher this week, with the 30-year fixed rate drifting up to 6.94 percent, according to Bankrate’s latest lender survey. Meanwhile, the Federal Reserve last week announced another quarter-point cut, despite a higher-than-expected inflation reading last week.Current mortgage ratesLoan typeCurrent4 weeks agoOne year ago52-week average52-week low30-year6.94%6.94%6.90%6.90%6.21%15-year6.16%6.15%6.20%6.18%5.40%30-year jumbo6.94%6.92%6.94%6.93%6.36%The 30-year fixed mortgages in this week’s survey had an average total of 0.25 discount and origination points. Discount points are a way for you to reduce your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.Experts tell us: Will mortgage rates go down…
[ad_1] Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000, before deducting underwriting discounts, commissions, and estimated offering expenses. The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming…
[ad_1] Summary As we end 2024, the stock market is acting in a manner that nicely reflects the sentiment displayed by insiders over the past month. No one has fully run for the exits, but volatility is high and investors have been exceedingly quick to react to news flow as they look to protect gains in what has been a solid year for equities. Insider sentiment, as expressed in the weekly data from Vickers Stock Research, reflects a group of shareholders who remain on the sidelines – with no apparent desire to acquire shares but no panicked inclination to dump…
[ad_1] (Reuters) -China’s WuXi AppTec said on Tuesday its subsidiaries have signed a deal with U.S.-based private equity firm Altaris LLC for the sale of its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an undisclosed sum. The company, along with other Chinese firms, have been at the center of new U.S. laws aimed at restricting their businesses in the United States due to national security concerns. The U.S. House of Representatives had passed a bill in September which would prohibit federal contracts with targeted firms and those that do business with them. The bills are designed to…
[ad_1] U.Today – MicroStrategy (MSTR), the business intelligence firm, is in the news again. This time, there are speculations that the Michael Saylor-led firm plans to issue 10 billion MSTR shares to purchase an additional $3 trillion worth of (BTC). Analyst dispels MicroStrategy rumorsJeff Park, Head of Alpha Strategies at Bitwise Asset Management, proffered reasons not to believe the speculation in a post on X. Park’s tone suggests disbelief, given the unrealistic nature of such a move, and dismisses it outright.Primarily, the figure is staggeringly huge. To Park, it sounds absurd for a company to invest $3 trillion into an…
[ad_1] MIAMI, FL AND LONDON, UK / ACCESSWIRE / December 24, 2024 / MGO Global Inc. (Nasdaq:MGOL), a digitally-native, lifestyle brand portfolio company, (“MGO,” “MGO Global” or the “Company”), today announced the closing of its previously announced public offering of 6,315,000 units at a public offering price of $0.95 per unit (the “Offering”). Each unit consisted of one share of common stock (or one pre-funded warrant to purchase one share of common stock in lieu thereof) and one common warrant to purchase one share of common stock. Gross proceeds from the Offering, before deducting placement agent’s fees and other offering…
[ad_1] Tetra Tech Inc. TTEK is poised to gain from its focus on providing high-end consulting, design and engineering services. Handsome rewards to shareholders add to the stock’s appeal.Headquartered in Pasadena, Tetra Tech is a leading provider of consulting, construction management, engineering, program management and technical services. It serves clients by providing cost-effective and innovative solutions for dealing with the fundamental needs for water, environmental and alternative energy services.Let’s delve into the factors that make this company a smart investment choice at the moment.Business Strength: In the quarters ahead, Tetra Tech is poised to gain from its diversified business structure,…
[ad_1] Tuesday’s market has witnessed notable movements among various stocks, particularly in the mega-cap and large-cap categories. Stocks like Tesla Motors (NASDAQ:) and Avago Technologies (NASDAQ:) have experienced significant rallies, while others have also shown impressive gains. Here’s a rundown of some of the most prominent stock movers across different market cap ranges, highlighting their intra-day stock performance. Mega-Cap Movers (Market Cap $200B+):Tesla Motors (TSLA): +7.36%; YTD Price Total (EPA:) Return: 73.29%Avago Technologies (AVGO): +3.15%; YTD Price Total Return: 110.96% Wal-mart Stores (NYSE:): +2.58%; YTD Price Total Return: 73.99%Netflix, Inc. (NASDAQ:): +2.27%; YTD Price Total Return: 87.2% Morgan Stanley (NYSE:):…