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Sportscaster Greg Gumbel Dies From Cancer at Age 78Target Just Dropped the Best Black Friday iPad Air DealANOKA, Minn.--(BUSINESS WIRE)--Nov 25, 2024-- Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that its stockholders voted to approve the sale of The Kinetic Group to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) at its special meeting of stockholders held earlier today. Vista Outdoor and CSG have received all regulatory approvals required under the merger agreement for the CSG Transaction and intend to close the CSG Transaction on November 27, 2024. Under the terms of the CSG Transaction, Vista Outdoor stockholders will receive $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common stock they hold. “We are thrilled to have received overwhelming support from our stockholders for the compelling transaction with CSG,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors. “The CSG transaction maximizes value for our stockholders, while also providing an ideal home for our leading ammunition brands and significant opportunities for our employees.” Based on the vote count from the special meeting of stockholders, approximately 97.89% of votes cast were in favor of the CSG Transaction, representing approximately 82.57% of all outstanding shares. The final voting results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission. Following the closing of the CSG Transaction, Revelyst will begin trading on the New York Stock Exchange under the ticker “GEAR”. Subject to the receipt of necessary regulatory approvals and satisfaction of other customary closing conditions, funds managed by Strategic Value Partners, LLC (“SVP”) will subsequently acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”), subject to a net cash adjustment. At the closing of the SVP Transaction, Revelyst stockholders will receive an estimated $19.25 in cash per share of Revelyst common stock 1. The SVP Transaction is on track to close by January 2025. No separate approval of the SVP Transaction by Vista Outdoor stockholders is required. Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor. Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor. About Vista Outdoor Inc. Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Outdoor Products and Sporting Products, provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.vistaoutdoor.com Forward-Looking Statements Some of the statements made and information contained in this press release, excluding historical information, are “forward-looking statements,” including those that discuss, among other things: Vista Outdoor Inc.’s (“Vista Outdoor”, “we”, “us” or “our”) plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words “believe,” “expect,” “anticipate,” “intend,” “aim,” “should” and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following: risks related to the previously announced transaction among Vista Outdoor, Revelyst, Inc., CSG Elevate II Inc., CSG Elevate III Inc. and CZECHOSLOVAK GROUP a.s. (the “CSG Transaction”) and risks related to the previously announced transaction among Vista Outdoor, Revelyst, Olibre LLC and Cabin Ridge, Inc. (the “SVP Transaction”) including (i) the possibility that any or all of the various conditions to the consummation of the CSG Transaction or the SVP Transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals), (ii) the possibility that competing offers or acquisition proposals may be made, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the CSG Transaction or the SVP Transaction, including in circumstances which would require Vista Outdoor or Revelyst, as applicable, to pay a termination fee, (iv) the effect of the announcement or pendency of the CSG Transaction or the SVP Transaction on our ability to attract, motivate or retain key executives and employees, our ability to maintain relationships with our customers, vendors, service providers and others with whom we do business, or our operating results and business generally, (v) risks related to the CSG Transaction or the SVP Transaction diverting management’s attention from our ongoing business operations, (vi) that the CSG Transaction or the SVP Transaction may not achieve some or all of any anticipated benefits with respect to either business segment and that the CSG Transaction or the SVP Transaction may not be completed in accordance with our expected plans or anticipated timelines, or at all, and (vii) that the consideration paid to Revelyst stockholders in connection with the SVP Transaction cannot be determined until the consummation of the SVP Transaction as it is subject to certain adjustments related to the net cash of Revelyst as of the closing of the SVP Transaction and the management team’s current estimate of the consideration may be higher or lower than the actual consideration paid to Revelyst stockholders in connection with the SVP Transaction due to the actual cash flows prior to the closing of the SVP Transaction or other factors; impacts from the COVID-19 pandemic on our operations, the operations of our customers and suppliers and general economic conditions; supplier capacity constraints, production or shipping disruptions or quality or price issues affecting our operating costs; the supply, availability and costs of raw materials and components; increases in commodity, energy, and production costs; seasonality and weather conditions; our ability to complete acquisitions, realize expected benefits from acquisitions and integrate acquired businesses; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories, or other outdoor sports and recreation products; disruption in the service or significant increase in the cost of our primary delivery and shipping services for our products and components or a significant disruption at shipping ports; risks associated with diversification into new international and commercial markets, including regulatory compliance; our ability to take advantage of growth opportunities in international and commercial markets; our ability to obtain and maintain licenses to third-party technology; our ability to attract and retain key personnel; disruptions caused by catastrophic events; risks associated with our sales to significant retail customers, including unexpected cancellations, delays, and other changes to purchase orders; our competitive environment; our ability to adapt our products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; our ability to maintain and enhance brand recognition and reputation; our association with the firearms industry, others’ use of social media to disseminate negative commentary about us, our products, and boycotts; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury, and environmental remediation; our ability to comply with extensive federal, state and international laws, rules and regulations; changes in laws, rules and regulations relating to our business, such as federal and state ammunition regulations; risks associated with cybersecurity and other industrial and physical security threats; interest rate risk; changes in the current tariff structures; changes in tax rules or pronouncements; capital market volatility and the availability of financing; our debt covenants may limit our ability to complete acquisitions, incur debt, make investments, sell assets, merge or complete other significant transactions; foreign currency exchange rates and fluctuations in those rates; general economic and business conditions in the United States and our markets outside the United States, including as a result of the war in Ukraine and the imposition of sanctions on Russia, the conflict in the Gaza strip, the COVID-19 pandemic or another pandemic, conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers. You are cautioned not to place undue reliance on any forward-looking statements we make, which are based only on information currently available to us and speak only as of the date hereof. A more detailed description of risk factors that may affect our operating results can be found in Part 1, Item 1A, Risk Factors, of our Annual Report on Form 10-K for fiscal year 2024, and in the filings we make with the SEC from time to time. We undertake no obligation to update any forward-looking statements, except as otherwise required by law. 1 Based on management estimates, including an assumption the SVP Transaction closes on December 31, 2024. View source version on businesswire.com : https://www.businesswire.com/news/home/20241125635762/en/ CONTACT: Investor: Tyler Lindwall Phone: 612-704-0147 Email:investor.relations@vistaoutdoor.comMedia: Eric Smith Phone: 720-772-0877 Email:media.relations@vistaoutdoor.com KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RETAIL OTHER CONSUMER CONSUMER OTHER RETAIL MANUFACTURING OTHER MANUFACTURING SOURCE: Vista Outdoor Inc. Copyright Business Wire 2024. PUB: 11/25/2024 04:01 PM/DISC: 11/25/2024 04:01 PM http://www.businesswire.com/news/home/20241125635762/en
NoneSale Runs Through February 28, 2025 FT. LAUDERDALE, Fla. , Dec. 16, 2024 /PRNewswire/ -- Princess Cruises, the most iconic cruise brand in the world, today unveiled its Come Aboard Sale, offering fantastic savings on cruises across the globe. Now is the perfect time to plan a dream vacation with up to 40% off cruise fares, free room upgrades, $99 deposits, and free sailings for 3rd and 4th guests in the same stateroom. The Come Aboard Sale runs through February 28, 2025 , and promises something for everyone, with incredible perks on select 2025, 2026 and 2027 cruises, including*: "No matter what you love, you'll find it on a Princess cruise - from our award-winning cuisine, awe-inspiring adventures in port and entertainment that wows, to our friendly crew who make you feel at home and always welcome," said Terry Thornton , Princess Cruises Chief Commercial Officer. "Princess provides a timeless cruise experience, and our 'Come Aboard Sale' makes is easier than ever to book a dream vacation on 'The Love Boat.'" Whether exploring the wilds of Alaska , the fairytale villages of Europe , the beckoning beaches of the Caribbean , and many more destinations, options abound for every preference. Example Come Aboard Sale fares include: Save $1,400 or more when booking a Sanctuary Collection Suite, Mini-Suite or Balcony on the all-new Sun Princess and the soon-to-debut Star Princess, now through Feb. 28, 2025 . The promotion is applicable to more than 250 cruises in 2025 and 2026 with itineraries in Alaska , California Coast, Caribbean , Europe , Panama Canal, and Transatlantic voyages. Plus, guests can book with confidence knowing the Better than Best Price Guarantee has been extended through December 15, 2025 . If guests find a better cruise fare on Princess.com for the same Princess cruise, stateroom category, and sail date at any time before their final payment, Princess will provide 120% of the difference in the form of an onboard credit. Princess also features the line's exclusive MedallionClass technology offering personalized, premium service, reinforcing Princess Cruises' reputation for delivering exceptional vacations. The Come Aboard Sale runs now through 11:59 pm PT on February 28, 2025 , and is available to residents of all 50 United States, Canada , Puerto Rico , Mexico , Bermuda and the District of Columbia . More details and exclusions can be found at https://www.princess.com/en-us/cruise-deals-promotions/limited-time-offer . Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-Princess (1-800-774-6237) or by visiting www.princess.com . About Princess Cruises Princess Cruises is The Love Boat, the world's most iconic cruise brand that delivers dream vacations to millions of guests every year in the most sought-after destinations on the largest ships that offer elite service personalization and simplicity customary of small, yacht-class ships. Well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities blend with exclusive Princess MedallionClass service to create meaningful connections and unforgettable moments in the most incredible settings in the world - the Caribbean , Alaska , Panama Canal, Mexican Riviera, Europe , South America , Australia / New Zealand , the South Pacific, Hawaii , Asia , Canada /New England, Antarctica, and World Cruises. Sun Princess, the brand's new, next-level Love Boat named Condé Nast Traveler's Mega Ship of the Year, introduces the groundbreaking Sphere Class platform and will be joined by sister ship, Star Princess, in Fall 2025. The company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK). *Come Aboard Sale Limited Time Offer Disclaimer GENERAL TERMS APPLICABLE TO ALL OFFERS IN THIS ADVERTISEMENT("Offer(s)"): Offers only available to legal residents of North America . Offers only available for new bookings, on select cruises, on a limited availability, are capacity controlled (regardless of stateroom availability), and may not be combined with other offers or promotions (aside from those listed herein). Other exclusions may apply; void where prohibited. Changes or refunds may not be permitted. Offers and their parts (if any) are not transferable, not substitutable, and not redeemable for cash. Princess Cruise Lines , Ltd. ("PCL") is not responsible or liable for any errors, including printing or other errors. PCL may change or revoke Offers at any time. A deposit is required for all stateroom guests. All values quoted in USD. Offers valid on bookings made 12/16/24 - 2/28/25 . Please refer to princess.com for terms, conditions, and details that apply to all bookings. Fares are per guest and apply to minimum lead-in categories on a space available basis at time of booking. Fares for other categories may vary. Fares are non-air, cruise- or cruisetour-only, based on double occupancy and apply to the first two guests in a stateroom only. These fares do not apply to singles or third/fourth-berth guests. All cruise fares are inclusive of government-imposed taxes and fees. Government-imposed taxes and fees include but are not limited to any and all fees, tolls and taxes imposed by a governmental authority such as wharfage, head taxes, dockage, Panama canal tolls, US Customs fees, immigration and naturalization fees, government inspection fees, hotel or VAT taxes as part of a land tour, air taxes, and similar government-imposed taxes and fees for the performance of the cruise. Government-imposed taxes and fees are subject to change and PCL reserves the right to collect any increases in effect at the time of sailing even if the fare has already been paid in full. Up to 40% off fares Offer - Discount based off applicable Launch Fare, which fare excludes government-imposed taxes, fees and expenses. Offer available on a space-available basis at time of booking, on select categories and sailings. Discount applies to cruise standard fare element only and is based on destination and stateroom category and does not apply to Princess Plus or Premier packages, or any cruise tour and/or land tour elements, even when included in the cruise fare. Discount only applies to first two guests in a stateroom. Free Room Upgrade Offer applies to booking the stateroom location you wish to sail in for the price of the lowest non-guarantee category within that stateroom type during this Offer only and is subject to availability. Offer is based on availability in like-to-like stateroom types (Interior to Interior, Oceanview to Oceanview, Balcony to Balcony, Mini-Suite to Mini-Suite). Offer excludes upgrades on select categories, including but not limited to Sancturary Collection, premium categories and suites. Offer does not apply to land portion of a cruisetour. In order to take advantage of the upgrade, guest must select and book the upgraded room type during checkout, but cannot select the highest cabin category for such stateroom type as a part of the upgrade. Guests that book a lower room type in a stateroom category may not be upgraded, even if there is availability for the upgrade. Guests that book the highest cabin classification of stateroom category will be charged the full category fare and will NOT receive the lowest fare for such category. Guests will only see (and pay for) the lowest fare within the selected room type and will not see any discounted amount at checkout. If you are unable to book an eligible upgraded room type, the upgrade is not available on such room for that category or cruise. Free 3rd & 4th guest offer applies to cruise fare only for recipient and guests covered by the complimentary offer (if any) and excludes Government Taxes & Fees, and the Required Cruise Fees & Expenses. Also excludes required deposit (if any) and other cruise-related expenses and travel expenses. Actual amounts owed by recipient and applicable guests may vary and shall be calculated at the time of booking. First or Second guest in stateroom will be responsible for their cruise rates as well as the free guest's out of pocket charges and expenses. Offer only applies: (i) to Offer recipient and guests covered by the complimentary cruise Offer (if any) and (ii) to the third or fourth guests booked in the same stateroom as the first and second guests. Approximate value of free sailing for 3rd and 4th guests varies from $99 to $6,759 USD per person. There is no guarantee of Free Offer availability at time of booking. Offer is available on select voyages and guest will know if their selected voyage is available for free 3rd/4th guests if, when selecting to travel with 3rd or 4th guests, whether the fare summary page lists $0 or whether it lists an actual cruise fare amount for such guests. $99 Deposits applies to full, standard deposits only and shall not further reduce already reduced or discounted deposits. Offer not available on World Cruises, Full suites, Sanctuary Collection categories, cruises 45 days or longer, and cruises in which final payment is required. Voyages eligible for select Instant Savings offers require a non-refundable $99 deposit. Princess Cruise Lines LTD's ("PCL") Better Than Best Price Guarantee (the "Guarantee") is only available to legal residents of the 50 US/DC or Canada . If a guest books a cruise between December 16, 2024 and December 15, 2025 for any 2025, 2026, or 2027 cruise departure (the "Original Booking") and such guest finds an active, publicly available (as explained below), and lower Cruise Fare for the identical verified booking on the Princess Cruises' website (Princess.com) prior to the final payment of the cruise (the "Located Cruise Fare"), they can submit a Guarantee claim form and PCL will give the guest an On Board Credit with a value of 120% of the difference between what the guest actually paid for the Original Booking and the Located Cruise Fare. The Located Cruise Fare must be a publicly and currently available Cruise Fare, available on Princess.com , and consist of the identical details as the Original Booking (including but not limited to, on the same ship as the Original Booking, the same sail dates, the same stateroom category, the same number of guests, same bundle (Princess Plus or Princess Premier Package) and be booked under the same conditions) to be eligible. 'Publicly available' means that the Cruise Fare must be available to all guests, without any additional eligibility or required qualifications to qualify; 'publicly available' does not include unpublished, negotiated Cruise Fares with corporations, travel agencies, groups, associations, or other Cruise Fares that are specifically agreed upon by PCL and for a specified and limited group. PCL will only consider/compare the Cruise Fare from the Original Booking against the Cruise Fare from the Located Cruise Fare; no credits or other incentives will be considered. Determination as to whether the Located Cruise Fare is identical to the Original Booking will be in PCL's sole discretion. Located Cruise Fare must be in the same currency that Original Cruise Fare was booked (USD or CAD) and must be live/available for purchase for US/Canadian residents. To submit a Guarantee claim, Guest must fill out a claim form with all required information, including providing screenshot proof of qualifying lower Located Cruise Fare. The form must be submitted prior to the final payment date of the Original Booking's time/date of booking to be considered. Cruise fares on websites that require a password or paid membership to complete the booking, except Princess.com , are also ineligible. Guarantee claim will be denied if PCL is unable to independently verify the Located Cruise Fare and may be rejected if it is incomplete or is submitted in a language not used on Princess.com . PCL may deny claims relating to a time during which there is an outage, technical issue or circumstance beyond PCL's reasonable control. If PCL verifies the guest's Guarantee claim, and PCL awards the guest an OBC, PCL will apply the OBC to the guest's onboard folio. OBC must be used on the Original Cruise, expires at the end of such cruise, and may not be used in the casino . Limit: One (1) Guarantee submission per booking and one (1) OBC per person/booking/stateroom for the Original Booking; such OBC's value cannot exceed $2,000 . OBC will be awarded in the same currency as the currency onboard such cruise. OBC is non-refundable, non-transferable, and has no cash value. All decisions and factors regarding this Guarantee and any claim will be determined by PCL in its sole discretion. PCL reserves discretion for applying this Guarantee and awarding a make good, if any, to a guest. PCL is not responsible for any errors in connection with this Guarantee, including any typos or printing or technology errors. PCL may modify, end, or withdraw this Guarantee or any of its terms for any reason, with or without prior notice. Other restrictions and exclusions may apply. Ships of Bermudan and British Registry. Offer expires: Friday, February 28, 2025 ( 11:59 pm PST ) View original content to download multimedia: https://www.prnewswire.com/news-releases/family-friendly-perks-and-huge-discounts-highlight-princess-cruises-come-aboard-sale-on-2025--2027-sailings-302332930.html SOURCE Princess CruisesQB Daniel Jones disagrees with the Giants' decision to bench him and says he wants to play
Elastic ( NYSE:ESTC – Get Free Report ) had its target price boosted by stock analysts at Bank of America from $94.00 to $120.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America ‘s target price would indicate a potential upside of 11.08% from the company’s current price. A number of other brokerages have also weighed in on ESTC. Oppenheimer lowered their price objective on Elastic from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. TD Cowen decreased their price target on Elastic from $110.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Stifel Nicolaus cut their price objective on Elastic from $120.00 to $98.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Baird R W lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Canaccord Genuity Group cut their price target on shares of Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.00. Read Our Latest Research Report on Elastic Elastic Trading Up 14.8 % Elastic ( NYSE:ESTC – Get Free Report ) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. The company had revenue of $347.42 million for the quarter, compared to analysts’ expectations of $344.67 million. During the same period in the previous year, the company posted ($0.35) EPS. Elastic’s revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that Elastic will post -0.92 EPS for the current year. Insider Activity at Elastic In other news, CFO Janesh Moorjani sold 6,941 shares of Elastic stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the sale, the chief financial officer now owns 195,550 shares of the company’s stock, valued at $13,737,387.50. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Ashutosh Kulkarni sold 19,649 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $1,380,342.25. Following the transaction, the chief executive officer now owns 432,648 shares in the company, valued at $30,393,522. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last quarter, insiders sold 37,406 shares of company stock valued at $2,627,772. 15.90% of the stock is owned by insiders. Hedge Funds Weigh In On Elastic Hedge funds have recently made changes to their positions in the stock. 1832 Asset Management L.P. purchased a new stake in shares of Elastic during the 2nd quarter worth about $248,335,000. FMR LLC grew its stake in Elastic by 25.6% during the third quarter. FMR LLC now owns 5,475,297 shares of the company’s stock worth $420,284,000 after buying an additional 1,115,750 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Elastic in the second quarter worth $102,169,000. Atreides Management LP raised its stake in shares of Elastic by 57.2% in the 3rd quarter. Atreides Management LP now owns 1,687,791 shares of the company’s stock valued at $129,555,000 after acquiring an additional 614,309 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Elastic by 32,630.2% during the 2nd quarter. Federated Hermes Inc. now owns 615,655 shares of the company’s stock valued at $70,129,000 after acquiring an additional 613,774 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock. About Elastic ( Get Free Report ) Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. Featured Stories Five stocks we like better than Elastic What is an Earnings Surprise? Vertiv’s Cool Tech Makes Its Stock Red-Hot Are Penny Stocks a Good Fit for Your Portfolio? MarketBeat Week in Review – 11/18 – 11/22 Top Stocks Investing in 5G Technology 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter .Australia’s House of Representatives passes bill that would ban young children from social mediaGames rule: Chess to call of duty
Vicus Capital reduced its position in Amazon.com, Inc. ( NASDAQ:AMZN ) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,404 shares of the e-commerce giant’s stock after selling 5,909 shares during the period. Vicus Capital’s holdings in Amazon.com were worth $3,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Finally, Capital International Investors grew its stake in Amazon.com by 7.4% in the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after acquiring an additional 2,932,192 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors. Amazon.com Trading Down 0.6 % NASDAQ:AMZN opened at $197.12 on Friday. The stock has a fifty day moving average price of $193.00 and a 200 day moving average price of $186.31. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90. The firm has a market cap of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Wall Street Analysts Forecast Growth AMZN has been the topic of several research analyst reports. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley increased their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wedbush boosted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Piper Sandler increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $235.77. Get Our Latest Research Report on Amazon.com Insiders Place Their Bets In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 6,011,423 shares of company stock worth $1,249,093,896 in the last 90 days. Corporate insiders own 10.80% of the company’s stock. Amazon.com Profile ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Read More Five stocks we like better than Amazon.com 3 Warren Buffett Stocks to Buy Now Vertiv’s Cool Tech Makes Its Stock Red-Hot How to Plot Fibonacci Price Inflection Levels MarketBeat Week in Review – 11/18 – 11/22 How to Calculate Stock Profit 2 Finance Stocks With Competitive Advantages You Can’t Ignore Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
New Delhi: Parteek Chhabra 's 34th birthday celebration turned into a life-altering event when a reckless stunt caught on camera showed him cutting his birthday cake with a firearm. The video went viral on social media, leading to his arrest and a stint in jail in 2020. While behind bars, Chhabra's life took a darker turn. He formed connections with gang members, who later drew him into a world of crime. IPL 2025 mega auction IPL Auction 2025: Who got whom IPL 2025 Auction: Updated Full Team Squads Upon his release, the garment businessman became involved in financing the illicit activities of northeast Delhi gangs. On Nov 22, police received specific information about Chhabra's presence in the Shastri Park area with associates. DCP (crime branch) Vikram Singh said, "Acting on this lead, a team was deployed to the location, and after monitoring and a coordinated raid, he was apprehended." During the operation, a country-made pistol and a live cartridge were seized, further implicating him in illegal activities. Chhabra, a 10th-grade graduate, initially worked in the garment business, selling products online to earn a living. His criminal journey began during his 2020 incarceration under the Arms Act. "It was in jail that he first encountered members of the ‘Chhenu Gang', particularly Sabbir, also known as Popa Pahalwan. After his release, he began arranging funds for the gang," said a senior police officer. Chhabra operated an illegal satta (gambling) business to generate funds for the gang's activities. "The weapon recovered during his arrest is believed to have been provided by Sabbir through another associate, Bharat, alias Noni, from northeast Delhi," the officer added. Investigators discovered that Chhabra was actively evading arrest and staying in contact with other criminals to support the gang's operations. Police tracked his involvement in financing gang-related activities through intelligence and technical surveillance.
GREEN BAY, Wis. — Brandon Allen didn’t get nearly enough help from his more recognizable San Francisco 49ers teammates as the 32-year-old journeyman quarterback made his first start in nearly three years. Now, the defending NFC champions find themselves at 5-6 and last in the NFC West. Allen did a decent job Sunday filling in for the injured Brock Purdy before losing a fumble on a strip-sack by Lukas Van Ness in the fourth quarter of the 49ers’ 38-10 loss to the Green Bay Packers. But on a day when San Francisco’s regulars had to be sharp in Purdy’s absence, the 49ers were sloppy. Allen threw a 3-yard pass to tight end George Kittle for San Francisco's lone touchdown. “I thought he played well,” Kittle said. “We just have to play better.” That will be necessary if the Niners want to get back to the playoffs. And it would help if they could get healthier. Right now, San Francisco (5-6) looks like a team missing many of its biggest stars. San Francisco 49ers quarterback Brandon Allen (17) looks to throw during the first half of an NFL football game against the Green Bay Packers on Sunday, Nov. 24, 2024 in Green Bay, Wis. Credit: AP/Matt Ludtke Purdy didn’t play Sunday because of a shoulder injury. An ankle injury sidelined three-time All-Pro left tackle Trent Williams. Four-time Pro Bowl edge rusher Nick Bosa was out with a hip/oblique issue. And All-Pro running back Christian McCaffrey still appears slowed by Achilles tendinitis. Coach Kyle Shanahan didn’t have any immediate update after the game on Purdy’s potential availability for next week, when the Niners visit AFC East-leading Buffalo. “He’s been rehabbing the whole time here,” Shanahan said. “I’m sure we’ll take him through some stuff early Monday and Tuesday and get a better idea then.” Allen joined the 49ers last year but hadn’t thrown a pass in a game for them before Sunday. His previous start was for the Cincinnati Bengals in their 2021 finale. San Francisco 49ers quarterback Brandon Allen (17) fumbles and recovers the ball during the first half of an NFL football game against the Green Bay Packers on Sunday, Nov. 24, 2024 in Green Bay, Wis. Credit: AP/Matt Ludtke He went 17 of 29 for 199 yards with a touchdown pass and an interception. He fumbled twice, losing one. The interception went through the hands of Deebo Samuel before Green Bay’s Xavier McKinney picked it off. The 49ers didn't use the injuries as an excuse. San Francisco committed three turnovers, had nine penalties and missed 15 tackles in the first half alone. McCaffrey was limited to 31 yards on 11 carries and three catches for 37 yards. Asked to name the most disappointing part of the game, Shanahan saw no need to limit himself. “The whole game was,” Shanahan said. “So to label the biggest one — just the first half, the run defense was just real disappointing. I thought we got out of our gaps a number of times. I thought we had way too many missed tackles. Just them being able to control that clock the first half was one of the worst ones I’ve been a part of as far as a half.” San Francisco struggled to bring down Josh Jacobs, who finished with 106 yards rushing and three touchdowns. He became the first player in the past 55 regular-season games to rush for 100 yards or more against the 49ers. It was the longest a team had gone without allowing a 100-yard rusher since 1955. Then-Chicago Bears quarterback Justin Fields rushed for 103 yards against the Niners on Oct. 31, 2021. Jacobs had 91 yards rushing by halftime. “That’s about as bad as it can get,” Niners linebacker Fred Warner said of the first half. “It was probably the worst I’ve been a part of.” The Niners trailed 17-7 and got the ball to start the second half. That’s when they had their costliest penalty. Eric Saubert was flagged for holding to wipe out Samuel’s 87-yard kickoff return that would have given the 49ers first-and-goal. They ended up turning the ball over on downs at Green Bay’s 39-yard line. The Niners then turned the ball over on three of their next five series, including McKinney’s interception and fumbles from Allen and McCaffrey. Green Bay scored touchdowns after each of those turnovers. “We started to build some momentum there at the end of the half,” Allen said. “The second half, had some drives going and just penalties and turnovers really killed us.” As bad as things look for the Niners, they're still in contention to win the NFC West. Thanks to Arizona's loss at Seattle, San Francisco remains one game out of first place. “It’s one game at a time,” McCaffrey said. “Each day you’ve got to wake up, look yourself in the mirror and get better, whether you win or lose. Speaking for me personally, that’s what I’m going to do.”A former Verizon employee who fed information to Chinese security agents about his employer, Chinese hacking operations, and pro-democracy activists living in the U.S. was sentenced to four years in prison on Monday. Ping Li, 59, pleaded guilty earlier this year to conspiring to act as an agent of China going back to at least 2012. His sentencing comes as the U.S. cybersecurity community reels from a Chinese hacking operation that U.S. Senator Mark Warner (D-VA), the chair of the Senate Intelligence Committee, recently described as the “worst telecom hack in our nation’s history—by far.” The operation, which compromised Verizon and other telecom giants, targeted politicians including Donald Trump and Kamala Harris and may have given the hacking group Salt Typhoon, which is linked to China’s Ministry of State Security (MSS), access to some victims’ call audio and text messages. The hack exploited security backdoors that the companies built into their systems to assist domestic law enforcement with wiretapping requests. Li’s sentencing agreement doesn’t suggest that he was involved in the Salt Typhoon hack, but his case illustrates how China has sought to infiltrate major telecoms and use insiders to gather information about corporate operations and political opponents. Li, who was born in China but moved to the U.S. 30 years ago and became a U.S. citizen 16 years ago, began working for agents of China’s MSS at least as early as 2012, according to his sentencing memorandum . He traveled to the country to meet with a former classmate and friend who worked for the MSS on multiple occasions and also shared information with them through a variety of online accounts. Li shared information with MSS agents about different types of communications the U.S. government can electronically monitor, what Verizon branches in China were doing, and cybersecurity training material from another employer. He also provided the agents with names and identifying details about members of Falun Gong, a religious group banned in China, who were living in the U.S. according to his plea agreement . When the FBI arrested Li in July, he initially claimed that the MSS agent and former friend had only requested advice about investing in the stock market, according to his plea agreement. But after being confronted with emails he had sent, he admitted to conducting research on behalf of China and transmitting internal cybersecurity materials from his employer that he knew he wasn’t allowed to share.None
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