Track market-moving stories before they get noisy

Strategy, known as the largest corporate holder of Bitcoin, has paused its Bitcoin acquisition streak for four consecutive weeks. This marks the firm’s longest break from BTC purchases in nearly two years as it moves to strengthen its cash position before the release of its second-quarter earnings report.

Michael Saylor’s post triggers speculation on Bitcoin acquisitionOn July 26, Michael Saylor, Executive Chairman of Strategy, posted a Bitcoin purchase chart on X, captioned, “We’re gonna need another color.” This message fueled speculation among followers, with many anticipating another major Bitcoin acquisition. The anticipation was further elevated by a similar post a few days prior, in which Saylor hinted at purchasing more Bitcoin but instead oversaw a substantial BTC sale. These posts echo a longstanding pattern of Saylor hinting at upcoming Bitcoin buys, usually followed by a US Securities and Exchange Commission (SEC) disclosure.

In Saylor’s words on X, “We’re gonna need another color,” many interpreted the statement as a nod towards further BTC accumulation.

Recently, however, this historical pattern has shifted, with the company departing from routine BTC purchases after such announcements. At the same time, Strategy’s latest public filings indicate a directional change in capital management strategy.

To date, Strategy has conducted 113 Bitcoin purchases for treasury management, holding a total of 843,775 BTC. These were acquired at an average price of $75,476 per Bitcoin, totaling $63.69 billion in investment.

At the current market price of $65,373.96 per Bitcoin, the company’s BTC holdings are now valued at $55.1 billion. This reflects a notional decline of approximately $8.6 billion compared to the initial investment amount.

HoldingTotal BTCAverage Purchase PriceTotal InvestmentCurrent ValueDifferenceStrategy843,775 BTC$75,476$63.69B$55.1B-$8.6BStrategy has also encountered valuation pressure. Since late June, the firm’s market Net Asset Value (mNAV) has fallen below 1, indicating that its market capitalization has dropped beneath the market value of its Bitcoin holdings. As a result, issuing additional shares to fund more BTC acquisitions has become less attractive.

Mini dictionary: mNAV, or market Net Asset Value, compares a company’s market capitalization with the value of its underlying assets. A mNAV below 1 implies that the firm’s market value is less than the value of the assets it holds.

Capital management shift: Building cash reservesInstead of continuing aggressive Bitcoin buying, Strategy has opted to boost its cash holdings. Between July 13 and July 19, the firm sold more than 2.73 million shares of MSTR, generating approximately $263.5 million in net proceeds. According to a July 20 SEC filing, the company’s cash balance now stands at roughly $3.225 billion.

Despite this buildup, Strategy retains the option to sell an additional $23.53 billion in common stock via existing at-the-market programs. The company has also approved a $1 billion buyback for both digital credit securities and its common stock, and can liquidate up to $1.25 billion in Bitcoin if needed.

CryptoQuant Head of Research Julio Moreno suggested that the company’s annualized dividend commitments have almost quadrupled to $1.2 billion, while cash reserves have dropped 38% in 2026. Dividend coverage fell rapidly, prompting Moreno to recommend ending automatic BTC buys and focusing on rebuilding liquidity.

On July 23, Strategy updated its mNAV calculation, with representatives clarifying that figures before this change are no longer directly comparable. The firm’s leadership appears to be prioritizing a more conservative approach to capital allocation in light of increased financial obligations.

In June, CryptoQuant’s Julio Moreno urged Strategy to scale back Bitcoin purchases and replenish cash, highlighting that the ability to cover dividends from reserves had sharply declined over the past six months. Moreno emphasized the need for any future BTC purchases to follow an investment-driven philosophy rather than an automatic acquisition policy.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Bitcoin was exactly where it spent most of last trading week at the end of the weekend, with $64,409 as resistance and $64,253 as support. Bitcoin traded at $64,366 on July 26.

A trading range of this size is practically nonexistent.

Zooming out makes the image only slightly less crowded: Bitcoin has been stuck in a vicious cycle for almost three weeks, failing to break out of the $63,000-$66,000 region, and stubbornly refusing to fall below the low $60s despite many chances to do so.

The token gained over one per cent on Monday to trade above $65,250, but still below the top of the range of about $66k.

The storyline here is the reluctance to go in any direction.

Currently, Bitcoin is being impacted by two seemingly incompatible factors: first, the Federal Reserve has decided against cutting interest rates, and second, a war in the Middle East is pushing oil prices towards $100 per barrel, which is bad news for risky assets.

On the other hand, every time Bitcoin's value drops, there is an ETF sector that grudgingly keeps reinvesting funds into the cryptocurrency.

Neither side has a distinct advantage.

Last week, leveraged positions worth $312 million were liquidated, but the market has done nothing to move the needle.

The Week in Flows: Institutions Are Undecided, Not Absent

Not the price, but ETF activity is the clearest barometer of mood, and it reversed course twice last week.

The seven sessions before July 23 saw a remarkable surge of roughly $1 billion into spot Bitcoin ETFs.

On July 24, however, net outflows of $225–240 million brought this encouraging trend to a sudden halt.

A further $240 million went down the drain on July 25, mostly as a result of BlackRock's IBIT, which dropped more than $212 million in a single trading session.

The net weekly total was a respectable $33 million, which is positive in and of itself but is a marked decline from $75 million the week before and a drop in the bucket when contrasted with the recent receipt of one billion dollars.

Looking at things from a broader perspective makes it clear that the vulnerability is not an accident but is built into the architecture itself.

Five days of positive $154.5 million, one month of negative $1.83 billion, three months of negative $3.91 billion, and six months of negative $3.07 billion make up IBIT's flow ledger, which presents an intriguing story via six numbers.

The US spot Bitcoin ETF complex has seen net outflows of about $5.4 billion so far in 2026, which is a big change for products that have been available since 2024 and have influenced the story of institutional adoption.

After recovering from a low of about $74.4 billion, the complex's total net assets are now at $80.9 billion.

When contrasted with the mood in the latter quarter of 2025, this number does show a considerable drop.

Since the creation and redemption of ETFs now function as a mechanical driver of spot prices, rather than just an emotional one, this is more important than simply changes in headline prices.

According to studies done this year, approved participant flows are responsible for almost 45% of the weekly price variation of Bitcoin.

It appears that the daily flow ledger serves a purpose beyond expressing market mood, more like a supplementary order book.

Ignoring the subjective values of individual traders, the systematic selling that caused $2.73 billion to depart over 10 sessions in late June was evident in the market.

On the return voyage, the same logic operates in the other way, explaining why Bitcoin's spikes this month seem more like hesitant mean-reversion than a sustained trend.

In the five sessions before July 23, an inflow of $211 million was recorded, marking a significant period of activity for Ether ETFs.

On July 24, nevertheless, a $70.6 million drain put an abrupt end to this pattern.

The fact that both asset classes saw a change on the same day is consistent with other events that happened that week and suggests a single macro driver rather than a rotation involving individual assets.

What the Charts Are Actually Saying

From a technical perspective, Bitcoin presents a landscape of conflicting indicators that create a scenario where taking action may seem unwarranted.

The daily RSI is currently hovering around 50 - a perfectly neutral reading from the oscillator- and this has remained consistent for more than a week.

This indicates that momentum has stabilised, showing no signs of bearishness. The 14-day ATR of approximately $1,680 (2.6% of spot) indicates that realised volatility has contracted, even with ongoing headline risks - Fed, Iran, CLARITY - remaining high, a discrepancy that usually doesn't persist.

When compared to the day-to-day perspective, the larger framework offers more insight.

In the past fifteen days, the price of bitcoin has fluctuated between $61,769 and $66,910.

According to the Fibonacci retracement for this range, the market's centre of gravity, which is represented by the 50% level, is at $64,340.

This level is near the price at the end of the week.

Reclaiming and maintaining a position above the 61.8% retracement at $64,946 will pave the way towards the $65,700-$65,800 range.

This level has formed a robust resistance zone with the 50-day EMA and upper Bollinger Band, which has thwarted multiple attempts since early July.

To counteract the "lower high" pattern that has been in place since Bitcoin's failed effort to hit $70,000 in June, the bulls must break through the $66,900 to $67,000 region, which is a critical resistance level.

According to TradingView, on the downside, the crucial level to keep an eye on is $61,400-$61,800.

This zone has consistently been maintained during every test since the low at $57,750 on July 1, and it is also the bottom of the current swing range.

If the price drops further below this level, especially with increased buying pressure, it might go all the way to $58,300 or, even worse, the low-$55,000s, where a bigger head-and-shoulders pattern on the long-term chart would be confirmed.

Although the short-term outlook seems neutral, Bitcoin is still categorised as negative in longer-term technical analyses within that timeframe.

Just a friendly reminder that while mood has improved thanks to this month's stability, the general trend has remained the same.

The total maximum pain level stays below $66,000, which is consistent with the options strategy that suggests a range-bound market.

Leveraged longs have not recovered the crowding observed before the collapse in June, as the funding on perpetuals continues near neutral, despite the put/call ratio increasing from its lowest position in many months.

Bitcoin isn't as heavily leveraged as it usually is in the days leading up to a Fed meeting, which is perhaps the most encouraging discovery from the data.

Crypto Bulls Bet on Ceasefire

Over the weekend, crypto experts were predicting a possible recovery on the belief that the Iranian dispute was drawing to a close and that oil prices would fall as a result.

But recent diplomatic events pointed differently.

Analyst Michaël van de Poppe predicted a successful week, stating on Sunday that Iran had refrained from striking and the US had refrained from attacking for days.

As a result, Brent fell 10% to $87. "Bigly" (he added), this will help Bitcoin and the cryptocurrency market.

Bitcoin has yet to surpass the crucial threshold, but the MNFund Founder anticipated it would do so with the decline in oil prices.

He mentioned that the ability of BTC to maintain a value of $65,000 during a period of intense market activity demonstrated a strong underlying resilience.

"Party time" is on the horizon once you surpass the resistance zone, he noted.

Similar thoughts were expressed by analyst Ted Pillows, who said that oil prices might fall sharply during a market rise if the halt continues.

The discussions were moving forward, but they were not aligned with what the bulls were betting on.

The US and Iran responded on Sunday to a proposal put out by Pakistan and Qatar, which alleged that Iran would quickly reopen the Strait of Hormuz in return for the removal of sanctions on Iranian oil sales and Washington's port blockade, according to Sunday's Al Arabiya report.

A media report quoting a source showed that Iran has temporarily halted talks instead of completely withdrawing.

Also, to speed up the reopening process, Tehran informed Pakistani authorities that it would not be accepting their proposal to build a new route across the strait.

What Other Technical Readings Show

TradinView's technical analysis overview for the coming week based on key data from moving averages, oscillators, and pivots continued to point to a sell signal.

Source: TradingViewWhile the long-term indicators of moving averages align with the overall analysis, Oscillators, built for short-term trading and momentum analysis, pointed to a buy signal.

Source: TradingViewSeparately, InvestTech's Algorithmic Overall Analysis and one- to six-week recommendation gave a hold signal.

The research noted, "Bitcoin has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The token is between support at $64,300 and resistance at $66,000."

Source: InvestTechInvestTech added, "A definitive break through of one of these levels predicts the new direction. The currency is assessed as technically slightly positive for the short term."

Licensed to Shill: Retail Barely Touches Stablecoins – Treasury & Remittance Are the Real Adoption (Jeannie Lim, Xweave)

At Xweave, Jeannie Lim says her team moved $1 million for an e-commerce client in under three minutes, cutting settlement costs 30% against a Tier 2 bank’s SWIFT rate.

BlockheadBlockhead

Vanguard Group, the asset management giant that once blocked its clients from buying spot Bitcoin ETFs, just added another 529,105 shares of Strategy to its portfolio. That brings Vanguard’s total position to roughly 10.5 million shares worth $993.5 million.

In English: the company that said “no thanks” to Bitcoin is now sitting on nearly $1 billion of the most Bitcoin-correlated stock on the market.

The quiet billion-dollar bet The $50 million increase is, by Vanguard’s standards, a rounding error. The firm manages trillions of dollars across its index funds and ETFs.

Strategy, formerly known as MicroStrategy before its rebrand, remains the single largest corporate holder of Bitcoin on the planet. The company has spent years converting its balance sheet into what is effectively a leveraged Bitcoin vehicle, accumulating hundreds of thousands of coins in the process.

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When spot Bitcoin ETFs launched in the US, Vanguard was conspicuously absent from the party, refusing to offer them on its brokerage platform.

Why Vanguard keeps buying what it claims to dislike Vanguard is primarily a passive investor. Its funds track indexes. If Strategy is in the index, Vanguard buys it. The outcome is the same: nearly $1 billion of one of the world’s largest asset managers’ capital is now tied to Bitcoin’s price trajectory through a single stock.

At various points, Vanguard’s MSTR holdings have reportedly exceeded 20 million shares, which would translate to more than 8% ownership of the company. The current 10.5 million share position suggests the firm has trimmed and rebuilt this stake multiple times as index weightings shift.

Institutional ownership of MSTR surged in Q1 2026 despite the stock’s well-documented volatility.

What this means for the broader market Strategy has made Bitcoin embedding its entire corporate strategy. Under Michael Saylor’s leadership, the company has issued billions in debt and equity to buy more Bitcoin, effectively turning MSTR into a publicly traded Bitcoin holding company. Every major index fund that includes MSTR becomes, by extension, a fractional Bitcoin holder.

Strategy’s balance sheet is leveraged to Bitcoin in a way that amplifies both gains and losses. If Bitcoin enters another prolonged downturn, Vanguard’s $993.5 million position would shrink accordingly. Unlike an active manager who could cut the position on conviction, Vanguard’s passive funds would simply ride it down until index weightings adjusted.

While Vanguard avoided the spot Bitcoin ETF race, rivals like BlackRock and Fidelity jumped in aggressively and captured billions in assets.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Posted by Defense World Staff on Jul 27th, 2026

Dai ichi Life Insurance Company Ltd decreased its holdings in IQVIA Holdings Inc. (NYSE:IQV – Free Report) by 34.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,723 shares of the medical research company’s stock after selling 4,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in IQVIA were worth $1,317,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Morningstar Investment Management LLC increased its holdings in shares of IQVIA by 4.9% in the 1st quarter. Morningstar Investment Management LLC now owns 19,341 shares of the medical research company’s stock valued at $3,298,000 after purchasing an additional 897 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in IQVIA by 3.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 992,190 shares of the medical research company’s stock worth $169,208,000 after buying an additional 30,051 shares in the last quarter. Liberty One Investment Management LLC grew its position in IQVIA by 11.1% during the first quarter. Liberty One Investment Management LLC now owns 3,219 shares of the medical research company’s stock worth $549,000 after buying an additional 322 shares during the period. Sei Investments Co. increased its holdings in IQVIA by 7.3% in the first quarter. Sei Investments Co. now owns 130,461 shares of the medical research company’s stock valued at $22,248,000 after buying an additional 8,925 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in IQVIA by 7.5% in the first quarter. Lido Advisors LLC now owns 5,074 shares of the medical research company’s stock valued at $865,000 after buying an additional 353 shares in the last quarter. 89.62% of the stock is currently owned by hedge funds and other institutional investors.

IQVIA Price Performance NYSE:IQV opened at $208.22 on Monday. IQVIA Holdings Inc. has a 12-month low of $154.50 and a 12-month high of $247.04. The firm has a market cap of $34.75 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company’s 50-day moving average is $188.23 and its two-hundred day moving average is $187.05. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.20.

IQVIA (NYSE:IQV – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The medical research company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.07. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.10 billion. IQVIA had a net margin of 8.33% and a return on equity of 30.50%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. IQVIA has set its FY 2026 guidance at 12.650-12.950 EPS. Research analysts expect that IQVIA Holdings Inc. will post 11.57 EPS for the current year.

IQVIA declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the medical research company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In IQV has been the topic of several research analyst reports. HSBC reissued a “buy” rating and set a $240.00 price target on shares of IQVIA in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $200.00 price objective (down from $225.00) on shares of IQVIA in a report on Wednesday, June 17th. Mizuho boosted their target price on IQVIA from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Wall Street Zen lowered IQVIA from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Weiss Ratings upgraded IQVIA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.71.

Get Our Latest Report on IQVIA

IQVIA Company Profile (Free Report)

IQVIA (NYSE: IQV) is a global provider of advanced analytics, technology solutions and contract research services to the life sciences industry. The company combines clinical research capabilities with large-scale health data and analytics to support drug development, regulatory reporting, commercial strategy and real‑world evidence generation. IQVIA traces its current form to the combination of Quintiles and IMS Health announced in 2016 and subsequently rebranded as IQVIA, bringing together long-established clinical research operations and extensive healthcare information assets.

IQVIA’s principal activities include outsourced clinical development services (acting as a contract research organization for phases I–IV), real‑world evidence and observational research, regulatory and safety services, and a suite of technology platforms that enable data integration, analytics and operational management.

Read More Five stocks we like better than IQVIA RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding IQV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IQVIA Holdings Inc. (NYSE:IQV – Free Report).

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Raises 2026 Annual Earnings and Revenue Guidance;
Conference Call and Webcast scheduled for July 29, 2026 at 10:00 am PT

SAN JUAN CAPISTRANO, Calif., July 27, 2026 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the second quarter ended June 30, 2026, reporting GAAP diluted earnings per share of $1.68 and adjusted earnings per share(1) of $1.92.

"This quarter's results are another reflection of that enduring connection between the commitment of our local leaders to delivering high-quality care in their communities and our financial performance. We believe exceptional outcomes ultimately create their own form of accountability, because residents, families, referral partners, regulators, and payers all independently validate whether an operation is truly delivering value,” said Barry Port, Chief Executive Officer of The Ensign Group. “We continue to see strong demand across our portfolio, improving occupancy and skilled mix. We also continue to grow in a disciplined way through acquisitions. We believe our results this quarter position us well for the remainder of the year and reinforce our confidence in our long-term strategy."

Clinical Highlights(1):

Same Facilities achieved Centers for Medicare & Medicaid Services (CMS) Quality Measure ratings that were 23% better than industry peers in our operating states, demonstrating superior clinical outcomes.Same Facilities achieved CMS Cycle 1 survey inspection results that were 18% better than industry peers in our operating states, validating clinical excellence through regulatory oversight.Over 80% of our skilled nursing operations earned a CMS Quality Measure rating of 4 or 5 stars, demonstrating our continued commitment to delivering high-quality clinical care.Rehospitalization rates for Same Facilities were 15% better than the national average, supporting successful resident recovery and continuity of care.Long-stay outpatient emergency department visit rates for Same Facilities were 24% better than the national average, minimizing unnecessary hospital transfers and reducing higher-cost care.Administrator turnover for Same Facilities was 46% lower than our industry peers in our operating states, supporting leadership continuity and operational stability.None of our 398 affiliated facilities are designated as CMS Special Focus Facilities, reflecting our ability to improve clinical performance at troubled acquisitions and consistently maintain trust from our state and federal regulators. Quarterly Highlights:

GAAP diluted earnings per share for the quarter was $1.68, an increase of 16.7% over the prior year quarter, and adjusted diluted earnings per share(2) for the quarter was $1.92, an increase of 20.8% over the prior year quarter.GAAP net income was $99.7 million for the quarter, an increase of 18.2% over the prior year quarter, and adjusted net income(2) was $114.3 million for the quarter, an increase of 22.5% over the prior year quarter.Same Facility and Transitioning Facility occupancy for the quarter were 84.1% and 84.7%, an increase of 2.7% and 2.3%, respectively, over the prior year quarter.Same Facility and Transitioning Facility skilled mix revenue for the quarter increased by 10.1% and 14.0%, respectively, and skilled days for the quarter increased by 6.2% and 9.4%, respectively, both over the prior year quarter.Same Facility and Transitioning Facility Medicare revenue for the quarter improved by 9.8% and 9.6%, respectively, and Medicare days for the quarter improved by 5.1% and 5.2%, respectively, both over the prior year quarter.Same Facility and Transitioning Facility managed care revenue for the quarter improved by 6.1% and 16.2%, respectively, and managed care days for the quarter improved by 1.9% and 7.6%, respectively, both over the prior year quarter.Same Facility and Transitioning Facility skilled services revenue for the quarter increased by 6.6% and 6.1% over the prior year quarter.Consolidated revenue for the quarter was $1.44 billion, an increase of 17.3% over the prior year quarter.Standard Bearer(3) revenue was $44.1 million for the quarter, an increase of 40.2% over the prior year quarter. FFO was $24.7 million for the quarter, an increase of 34.6% over the prior year quarter.
(1) The data source for clinical results is from CMS Care Compare Five-Star Quality Rating System, June 2026. Cycle 1 survey inspection results are based on the latest CMS-reported regulatory inspection cycle which reflects results as of Q4 2025. State-wide averages represent the average reported performance of facilities within the states in which we operate. National averages represent the average performance of all facilities included in the CMS Care Compare database nationwide.(2) See "Reconciliation of GAAP to Non-GAAP Financial Information".(3) Our Skilled Services and Standard Bearer Segments are defined and outlined in Note 7 on Form 10-Q.
Clinical and Operating Results

“The strength of our model ultimately depends on the quality and stability of our people. We have long believed that outstanding resident outcomes begin with engaged, supported, and empowered caregivers. We are especially proud of our turnover. In particular, our Director of Nursing turnover continues to improve and our overall RN retention rate is also 8% better than the average across our 17-state footprint using CMS reported data. Similarly, licensed administrator turnover is an impressive 46% lower than the CMS measured state average. We believe this level of leadership stability is one of the key differentiators of our organization by creating continuity for our caregivers and residents, reinforcing accountability at the local level, and allowing the investments we make in our clinical programs, technology, and resources to translate into consistently superior quality outcomes, care efficiency, regulatory performance, and financial results.”

He added, “On the census front, our Same Facility and Transitioning Facility occupancy for the second quarter was 84.1% and 84.7%, respectively. On the skilled mix front, our Same Facilities and Transitioning Facilities skilled revenue increased by 10.1% and 14.0%, respectively, over the prior year quarter. Medicare revenue increased for both our Same Facilities and Transitioning Facilities by 9.8% and 9.6%, respectively. Also, managed care revenue increased by 6.1% and 16.2%, respectively, for Same-Facilities and Transitioning Facilities over the prior year quarter, with total skilled mix days up 6.2% and 9.4%, respectively, from the prior year quarter. The primary driver of these improvements continues to be the expanding trust from the communities we serve—earned through consistent, high-quality clinical outcomes,” Port said.

“Due to the strength of the second quarter, we are increasing our annual 2026 earnings guidance to $7.75 to $7.85 per diluted share, up from our previously increased guidance of $7.48 to $7.62. We are also increasing annual revenue guidance to $5.87 billion to $5.92 billion, up from $5.81 billion to $5.86 billion. The midpoint of our earnings guidance represents an 18.7% increase over 2025 and 41.8% over 2024," Port said.

Speaking to the Company’s acquisition growth, Chad Keetch, Ensign’s Chief Investment Officer and Executive Vice President said, “In addition, we continue to acquire new operations with significant long-term upside and expect to maintain a healthy pace of growth as we expand our mission driven approach to transform and dignify post-acute care. During the quarter and since we accelerated our growth by adding 20 new operations, all of which included real estate assets. Since 2024, we have successfully sourced, underwritten, closed, and transitioned 102 new operations across several markets, many of which are already performing at or above expectations, both clinically and financially. We continue to see opportunities that include everything from larger portfolios, landlords looking to replace current tenants, non-profits looking to divest of their post-acute assets and a steady flow of traditional one-sie two-sies. We have several new additions lining up for the second half of 2026 as our local leadership and their deal partners at the Service Center work together to source, underwrite and carefully select the right opportunities.”

Suzanne Snapper, Ensign’s Executive Vice President and Chief Financial Officer reported that the Company’s liquidity remains strong with approximately $262.3 million of cash on hand and $591.6 million of available capacity under its line-of-credit. Ms. Snapper also indicated that, “Management’s annual guidance is based on diluted weighted average common shares outstanding of approximately 59.5 million and a 25.0% tax rate. In addition, the guidance assumes, among other things, normalized insurance costs, acquisitions expected to close through the third quarter of 2026 and management’s current expectations regarding reimbursement rates. It also excludes certain charges that arise outside the normal course of business, amortization of system implementation costs, acquisition related costs and share-based compensation.”

A discussion of the Company's use of non-GAAP financial measures is set forth below. A reconciliation of net income to adjusted EBT, EBITDA, adjusted EBITDAR, adjusted EBITDA and FFO for Standard Bearer, as well as a reconciliation of GAAP earnings per share, net income to adjusted net income and adjusted net earnings per share appear in the financial data portion of this release. More complete information is contained in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which is expected to be filed with the SEC today and can be viewed on the Company’s website at http://www.ensigngroup.net.

Growth and Real Estate Highlights

Mr. Keetch added additional commentary on the Company’s continued acquisition activity. “We were thrilled to complete these acquisitions, and to expand our presence in Texas. These assets are made up of newly constructed, high-quality facilities in populated and growing metro-areas. However, occupancies in these operations are almost all lower than our existing operations’ average for these geographies, and all present significant clinical and operational hurdles. These operations will take some time to establish a culture of ownership and accountability, but we are encouraged with the progress we have already seen and look forward to these new additions becoming the facility of choice in the markets they serve,” Keetch said.

Standard Bearer announced the following real estate acquisitions, which are operated by an Ensign-affiliate:

Willow Park Rehabilitation and Care Center, a 125-bed skilled nursing facility located in Willow Park, Texas;Southern Oaks Therapy and Living Center, a 150-bed skilled nursing facility located in Dallas, Texas;Country Village Care / Country Village Senior Living, a healthcare campus with 136 skilled nursing beds, 38 assisted living units, and 32 memory care beds located in Angleton, Texas;River Hills Health and Rehabilitation Center, a 150-bed skilled nursing facility located in Kerrville, Texas;Willow Creek Lodge, a 135-bed skilled nursing facility located in Tomball, Texas;Eagle Crest Rapid Recovery, a 125-bed skilled nursing facility located in Houston, Texas;Falcon Point Post Acute, a 130-bed skilled nursing facility located in Katy, Texas;Parks Health Center / Parks Assisted Living Center, a healthcare campus with 90 skilled nursing beds, 30 assisted living units, and 55 independent living units located in Odessa, Texas;La Dora Nursing and Rehabilitation Center, a 62-bed skilled nursing facility located in Bedford, Texas;River Bend Healthcare, a 115-bed skilled nursing facility located in Seguin, Texas;Mustang Park Therapy and Living Center, 120-bed skilled nursing facility located in Carrollton, Texas;Hilltop Village Nursing and Rehabilitation Center, 150-bed skilled nursing facility located in Kerrville, Texas;Mallard Creek Therapy and living Center, 120-bed skilled nursing facility located in Fort Worth, Texas;Harbor Valley Health and Rehabilitation, 120-bed skilled nursing facility located in San Antonio, Texas;TruCare Living Centers - Columbus, 104-bed skilled nursing facility located in Columbus, Texas;TruCare Living Centers - Palestine, 120-bed skilled nursing facility located in Palestine, Texas;TruCare Living Centers - Selma, 128-bed skilled nursing facility located in Selma, Texas;Woodland Health and Rehabilitation Care Center, 62-bed skilled nursing facility located in Mount Pleasant, Iowa;Las Ventanas de Socorro, a 126-bed skilled nursing facility located in Socorro, Texas; andLos Arcos del Norte Care Center, a 124-bed skilled nursing facility located in El Paso, Texas. Ensign's growing portfolio consists of 398 healthcare operations, 32 of which also include senior living operations, across 17 states. Ensign now owns 183 real estate assets, 144 of which are operated by an Ensign affiliate. Mr. Keetch noted that Ensign’s overall strategy will continue to include both leasing and acquiring real estate, and the Company is actively looking for performing and underperforming operations in several states.

In addition, the Company also acquired three senior living real estate assets that are operated by a third-party under a triple net lease:

Emerald Ridge of Neenah, a 45-unit residential care apartment complex located in Neenah, Wisconsin;Anna’s House Assisted Living, a 50-unit community based residential facility located in New Franken, Wisconsin; andMemory Care of Contra Costa, a 46-unit memory care facility located in Pleasant Hill, California. The Company continues to provide additional disclosure on Standard Bearer which is comprised of 177 owned properties. Of these assets, 140 are leased to an Ensign-affiliated operator and 38 are leased to third-party operators. Mr. Keetch noted that each of these properties are subject to triple-net, long-term leases and generated rental revenue of $44.1 million for the quarter, of which $37.8 million was derived from Ensign affiliated operations. For the quarter, Ensign reported $24.7 million in FFO.

The Company also paid a quarterly cash dividend of $0.065 per share of Ensign common stock. Ms. Snapper noted that as the Company’s liquidity remains strong, it plans to continue its long history of paying dividends into the future.

Conference Call

A live webcast will be held Wednesday, July 29, 2026, at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) to discuss Ensign’s second quarter of 2026 financial results. To listen to the webcast, or to view any financial or statistical information required by SEC Regulation G, please visit the Investors Relations section of Ensign’s website at http://investor.ensigngroup.net. The webcast will be recorded and will be available for replay via the website until 5:00 p.m. Pacific time on Friday, August 28, 2026.

About Ensign™

The Ensign Group, Inc.'s independent subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 398 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. As part of its investment strategy, the Company will also acquire, lease and own healthcare real estate to service the post-acute care continuum through acquisition and investment opportunities in healthcare properties. Ensign’s new business venture operating subsidiaries also offer several other post-acute-related services, including mobile x-ray, emergency and non-emergency transportation services, long-term care pharmacy and other consulting services also across several states. Each of these operations is operated by a separate, independent subsidiary that has its own management, employees and assets. References herein to the consolidated "Company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage, are not meant to imply that The Ensign Group, Inc. has direct operating assets, employees or revenue, or that any of the facilities, the Service Center, Standard Bearer or the captive insurance subsidiary are operated by the same entity. More information about Ensign is available at http://www.ensigngroup.net. 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains, and the related conference call and webcast will include forward-looking statements that are based on management’s current expectations, assumptions and beliefs about its business, financial performance, operating results, the industry in which it operates and other future events. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding growth prospects, future operating and financial performance, and acquisition activities. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to materially and adversely differ from those expressed in any forward-looking statement.

These risks and uncertainties relate to the Company’s business, its industry and its common stock and include: reduced prices and reimbursement rates for its services; its ability to acquire, develop, manage or improve operations, its ability to manage its increasing borrowing costs as it incurs additional indebtedness to fund the acquisition and development of operations; its ability to access capital on a cost-effective basis to continue to successfully implement its growth strategy; its operating margins and profitability could suffer if it is unable to grow and manage effectively its increasing number of operations; competition from other companies in the acquisition, development and operation of facilities; its ability to defend claims and lawsuits, including professional liability claims alleging that our services resulted in personal injury, and other regulatory-related claims; and the application of existing or proposed government regulations, or the adoption of new laws and regulations, that could limit its business operations, require it to incur significant expenditures or limit its ability to relocate its operations if necessary. Additionally, our business and operations continue to be impacted by the unprecedented nature of the changes in the regulations and environment, as such, we are unable to predict the full extent and duration of the financial impact of these changes on our business, financial condition and results of operations. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s periodic filings with the Securities and Exchange Commission, including its Form 10-Q and 10-K, for a more complete discussion of the risks and other factors that could affect Ensign’s business, prospects and any forward-looking statements. Except as required by the federal securities laws, Ensign does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

Contact Information
Investor/Media Relations, The Ensign Group, Inc., (949) 487-9500, [email protected]. 
SOURCE: The Ensign Group, Inc.

THE ENSIGN GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 Three Months Ended June 30, Six Months Ended June 30,  2026   2025   2026   2025          (In thousands, except per share data)REVENUE       Service revenue$1,432,497  $1,221,414  $2,814,800  $2,388,454 Rental revenue 7,984   6,355   14,877   12,356 TOTAL REVENUE$1,440,481  $1,227,769  $2,829,677  $2,400,810 Expense:       Cost of services 1,134,237   971,780   2,230,063   1,899,629 Rent—cost of services 66,412   57,195   131,918   114,271 General and administrative expense 85,922   69,107   160,132   131,662 Depreciation and amortization 31,406   25,785   60,207   49,973 TOTAL EXPENSES$1,317,977  $1,123,867  $2,582,320  $2,195,535 Income from operations 122,504   103,902   247,357   205,275 Other income (expense):       Interest expense (1,933)  (2,025)  (3,865)  (4,062)Interest income 4,633   5,240   11,169   12,123 Other income 8,470   5,241   7,585   5,602 OTHER INCOME, NET$11,170  $8,456  $14,889  $13,663 Income before provision for income taxes 133,674   112,358   262,246   218,938 Provision for income taxes 33,840   27,892   62,656   54,119 NET INCOME$99,834  $84,466  $199,590  $164,819 Less: net income attributable to noncontrolling interests 96   70   184   146 NET INCOME ATTRIBUTABLE TO THE ENSIGN GROUP, INC.$99,738  $84,396  $199,406  $164,673         NET INCOME PER SHARE ATTRIBUTABLE TO THE ENSIGN GROUP INC.       Basic$1.72  $1.48  $3.45  $2.88 Diluted$1.68  $1.44  $3.35  $2.81 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING       Basic 57,958   57,157   57,865   57,128 Diluted 59,483   58,602   59,527   58,560  THE ENSIGN GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
 June 30, 2026 December 31, 2025    ASSETS   Current assets:   Cash and cash equivalents$262,300 $503,881Accounts receivable—less allowance for doubtful accounts of $7,895 and $7,805 at June 30, 2026 and December 31, 2025, respectively 668,902  636,985Investments—current 58,544  68,506Prepaid expenses and other current assets 81,742  62,932Total current assets$1,071,488 $1,272,304Property and equipment, net 2,096,977  1,696,863Right-of-use assets 2,143,787  2,097,862Insurance subsidiary deposits and investments 210,077  166,841Deferred tax assets 83,068  83,138Restricted and other assets 39,755  41,600Intangible assets, net 6,263  6,381Goodwill 97,981  97,981TOTAL ASSETS$5,749,396 $5,462,970LIABILITIES AND EQUITY   Current liabilities:   Accounts payable$119,675 $97,327Accrued wages and related liabilities 368,817  422,326Lease liabilities—current 121,117  114,816Accrued self-insurance liabilities—current 100,007  81,623Other accrued liabilities 171,001  174,027Current maturities of long-term debt 4,182  4,227Total current liabilities$884,799 $894,346Long-term lease liabilities—less current portion 1,989,485  1,949,213Accrued self-insurance liabilities—less current portion 195,813  164,792Other long-term liabilities 98,428  82,266Long-term debt—less current maturities 135,562  137,529Total equity 2,445,309  2,234,824TOTAL LIABILITIES AND EQUITY$5,749,396 $5,462,970 THE ENSIGN GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
  The following table presents selected data from our condensed consolidated statements of cash flows for the periods presented:
  Six Months Ended June 30,  2026   2025     NET CASH PROVIDED BY (USED IN): Operating activities$272,108  $227,950 Investing activities (478,893)  (311,924)Financing activities (34,796)  (16,655)Net decrease in cash and cash equivalents$(241,581) $(100,629)Cash and cash equivalents beginning of period 503,881   464,598 Cash and cash equivalents at end of period$262,300  $363,969  THE ENSIGN GROUP, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(In thousands, except per share data)

RECONCILIATION OF GAAP TO NON-GAAP NET INCOME

The following table reconciles net income to Adjusted net income and diluted earnings per share to Adjusted earnings per share for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30,  2026   2025   2026   2025 Net income attributable to The Ensign Group, Inc.$99,738  $84,396  $199,406  $164,673 Adjustments:       Stock-based compensation expense(1) 16,166   11,662   30,061   22,386 Cost of services - loss (gain) on long-lived assets and business interruption recoveries —   (1,000)  1,284   (1,000)Cost of services - acquisition related costs(2) 519   654   800   1,135 General and administrative - costs incurred related to system implementations 2,180   437   5,199   771 Depreciation and amortization - patient base(3) —   409   —   1,020 Provision for income taxes on Non-GAAP adjustments(4) (4,295)  (3,238)  (12,242)  (6,693)Adjusted Net Income$114,308  $93,320  $224,508  $182,292         Average number of diluted shares outstanding 59,483   58,602   59,527   58,560         Diluted Earnings Per Share$1.68  $1.44  $3.35  $2.81         Adjusted Earnings Per Share$1.92  $1.59  $3.77  $3.11         Footnotes:       (1) Represents stock-based compensation expense incurred.     Three Months Ended June 30, Six Months Ended June 30,  2026   2025   2026   2025 Cost of services$10,723  $7,874  $19,893  $15,033 General and administrative 5,443   3,788   10,168   7,353 Total Non-GAAP adjustment$16,166  $11,662  $30,061  $22,386         (2) Represents costs incurred to acquire operations that are not capitalizable.(3) Represents amortization expenses related to patient base intangible assets at newly acquired skilled nursing and senior living facilities.(4) Represents an adjustment to the provision for income tax to our historical effective tax rate of 25.0% THE ENSIGN GROUP, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(In thousands)

The table below reconciles net income to EBITDA, Adjusted EBITDA and Adjusted EBITDAR for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30, 2026  2025   2026  2025 Consolidated Statements of Income Data:       Net income$99,834 $84,466  $199,590 $164,819 Less: Net income attributable to noncontrolling interests 96  70   184  146 Interest income 4,633  5,240   11,169  12,123 Add: Provision for income taxes 33,840  27,892   62,656  54,119 Depreciation and amortization 31,406  25,785   60,207  49,973 Interest expense 1,933  2,025   3,865  4,062 EBITDA$162,284 $134,858  $314,965 $260,704 Adjustments to EBITDA:       Stock-based compensation expense 16,166  11,662   30,061  22,386 Costs incurred related to system implementations 2,180  437   5,199  771 Loss (gain) on long-lived assets and business interruption recoveries —  (1,000)  1,284  (1,000)Acquisition related costs(1) 519  654   800  1,135 ADJUSTED EBITDA$181,149 $146,611  $352,309 $283,996 Rent—cost of services 66,412  57,195   131,918  114,271 ADJUSTED EBITDAR$247,561   $484,227   (1) Represents costs incurred to acquire operations that are not capitalizable.

The table below reconciles income before provision for income taxes to Adjusted EBT for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30, 2026  2025   2026  2025 Consolidated statements of income data:(In thousands)Income before provision for income taxes$133,674 $112,358  $262,246 $218,938 Stock-based compensation expense 16,166  11,662   30,061  22,386 Costs incurred related to system implementations 2,180  437   5,199  771 Loss (gain) on long-lived assets and business interruption recoveries —  (1,000)  1,284  (1,000)Acquisition related costs(1) 519  654   800  1,135 Depreciation and amortization - patient base(2) —  409   —  1,020 ADJUSTED EBT$152,539 $124,520  $299,590 $243,250  (1) Represents costs incurred to acquire operations that are not capitalizable.
(2) Represents amortization expenses related to patient base intangible assets at newly acquired skilled nursing and senior living facilities.

THE ENSIGN GROUP, INC.
UNAUDITED SELECT PERFORMANCE INDICATORS

The following tables summarize our selected performance indicators for our skilled services segment along with other statistics, for each of the dates or periods presented:

 Three Months Ended June 30, 2026
 2025
 Change % Change        TOTAL FACILITY RESULTS:(Dollars in thousands)Skilled services revenue$1,379,912  $1,173,576  $206,336  17.6%Number of facilities at period end 348   304   44  14.5%Number of campuses at period end(1) 32   30   2  6.7%Actual patient days 3,017,641   2,615,490   402,151  15.4%Occupancy percentage — Operational beds 82.9%  81.3%  1.6% 2.0%Skilled mix by nursing days 31.0%  30.8%  0.2% 0.6%Skilled mix by nursing revenue 50.0%  49.2%  0.8% 1.6%  Three Months Ended June 30,  2026   2025  Change % Change        SAME FACILITY RESULTS:(2)(Dollars in thousands)Skilled services revenue$988,337  $926,850  $61,487  6.6%Number of facilities at period end 234   234   —  —%Number of campuses at period end(1) 25   25   —  —%Actual patient days 2,164,347   2,091,332   73,015  3.5%Occupancy percentage — Operational beds 84.1%  81.9%  2.2% 2.7%Skilled mix by nursing days 32.2%  31.3%  0.9% 2.9%Skilled mix by nursing revenue 51.0%  50.1%  0.9% 1.8%  Three Months Ended June 30,  2026   2025  Change % Change        TRANSITIONING FACILITY RESULTS:(3)(Dollars in thousands)Skilled services revenue$197,371  $185,981  $11,390  6.1%Number of facilities at period end 50   50   —  —%Number of campuses at period end(1) 4   4   —  —%Actual patient days 405,468   393,063   12,405  3.2%Occupancy percentage — Operational beds 84.7%  82.8%  1.9% 2.3%Skilled mix by nursing days 29.7%  28.0%  1.7% 6.1%Skilled mix by nursing revenue 49.7%  47.0%  2.7% 5.7%  Three Months Ended June 30,  2026   2025  Change % Change        RECENTLY ACQUIRED FACILITY RESULTS:(4)(Dollars in thousands)Skilled services revenue$194,204  $60,745  $133,459 NMNumber of facilities at period end 64   20   44 NMNumber of campuses at period end(1) 3   1   2 NMActual patient days 447,826   131,095   316,731 NMOccupancy percentage — Operational beds 76.6%  69.9% NM NMSkilled mix by nursing days 26.9%  30.4% NM NMSkilled mix by nursing revenue 45.1%  43.0% NM NM (1) Campus represents a facility that offers both skilled nursing and senior living services. Revenue and expenses related to skilled nursing and senior living services have been allocated and recorded in the respective operating segment.(2) Same Facility results represent all facilities acquired prior to January 1, 2023.(3) Transitioning Facility results represent all facilities acquired from January 1, 2023 to December 31, 2024.(4) Recently Acquired Facility results represent all facilities acquired on or subsequent to January 1, 2025.  Six Months Ended June 30,  2026   2025  Change % Change        TOTAL FACILITY RESULTS:(Dollars in thousands)Skilled services revenue$2,710,747  $2,297,130  $413,617  18.0%Number of facilities at period end 348   304   44  14.5%Number of campuses at period end(1) 32   30   2  6.7%Actual patient days 5,913,675   5,153,626   760,049  14.7%Occupancy percentage — Operational beds 83.4%  81.6%  1.8% 2.2%Skilled mix by nursing days 31.5%  31.1%  0.4% 1.3%Skilled mix by nursing revenue 50.3%  49.7%  0.6% 1.2%  Six Months Ended June 30,  2026   2025  Change % Change        SAME FACILITY RESULTS:(2)(Dollars in thousands)Skilled services revenue$1,967,545  $1,843,338  $124,207  6.7%Number of facilities at period end 234   234   —  —%Number of campuses at period end(1) 25   25   —  —%Actual patient days 4,309,728   4,170,184   139,544  3.3%Occupancy percentage — Operational beds 84.2%  82.1%  2.1% 2.6%Skilled mix by nursing days 32.4%  31.8%  0.6% 1.9%Skilled mix by nursing revenue 51.1%  50.6%  0.5% 1.0%  Six Months Ended June 30,  2026   2025  Change % Change        TRANSITIONING FACILITY RESULTS:(3)(Dollars in thousands)Skilled services revenue$392,857  $364,903  $27,954  7.7%Number of facilities at period end 50   50   —  —%Number of campuses at period end(1) 4   4   —  —%Actual patient days 807,732   778,169   29,563  3.8%Occupancy percentage — Operational beds 84.9%  82.4%  2.5% 3.0%Skilled mix by nursing days 29.9%  28.4%  1.5% 5.3%Skilled mix by nursing revenue 49.7%  47.6%  2.1% 4.4%  Six Months Ended June 30,  2026   2025  Change % Change        RECENTLY ACQUIRED FACILITY RESULTS:(4)(Dollars in thousands)Skilled services revenue$350,345  $88,889  $261,456 NMNumber of facilities at period end 64   20   44 NMNumber of campuses at period end(1) 3   1   2 NMActual patient days 796,215   205,273   590,942 NMOccupancy percentage — Operational beds 78.3%  70.0% NM NMSkilled mix by nursing days 28.5%  27.7% NM NMSkilled mix by nursing revenue 46.8%  39.9% NM NM Campus represents a facility that offers both skilled nursing and senior living services. Revenue and expenses related to skilled nursing and senior living services have been allocated and recorded in the respective operating segment.Same Facility results represent all facilities acquired prior to January 1, 2023.Transitioning Facility results represent all facilities acquired from January 1, 2023 to December 31, 2024.Recently Acquired Facility results represent all facilities acquired on or subsequent to January 1, 2025. THE ENSIGN GROUP, INC.
UNAUDITED SKILLED NURSING AVERAGE DAILY REVENUE RATES AND
PERCENT OF SKILLED NURSING REVENUE AND DAYS BY PAYOR

The following tables reflect the change in skilled nursing average daily revenue rates, excluding services that are not covered by the daily rate(1):

 Three Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026 2025 2026 2025 2026 2025 2026 2025SKILLED NURSING AVERAGE DAILY REVENUE RATESMedicare$814.66 $779.77 $890.48 $854.83 $784.73 $701.40 $822.24 $789.43Managed care 599.06  575.29  658.87  609.88  630.25  555.77  609.07  578.40Other skilled 649.37  647.61  678.38  685.81  683.77  711.96  655.51  655.04Total skilled revenue 685.04  661.18  776.70  745.39  713.52  652.03  700.39  672.15Medicaid 310.64  302.36  326.89  321.75  316.83  374.44  313.78  308.87Private and other payors 317.27  288.43  362.96  357.18  330.50  392.10  326.20  305.96Total skilled nursing revenue$431.71 $413.41 $464.31 $444.50 $425.26 $460.83 $435.10 $420.43  Six Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026 2025 2026 2025
 2026 2025 2026 2025SKILLED NURSING AVERAGE DAILY REVENUE RATESMedicare$812.17 $777.70 $885.86 $848.13 $796.67 $667.40 $822.04 $786.58Managed care 594.97  570.02  652.52  605.80  627.83  522.15  604.67  572.51Other skilled 646.93  645.85  680.76  668.45  659.88  714.24  651.51  650.67Total skilled revenue 682.14  657.16  773.10  739.60  714.40  621.17  697.78  667.17Medicaid 311.49  299.67  328.56  316.93  318.27  356.51  314.77  304.65Private and other payors 314.74  289.10  365.97  354.74  348.25  364.34  327.66  303.52Total skilled nursing revenue$431.75 $412.14 $465.42 $441.17 $434.75 $430.70 $436.73 $417.23 (1) The rates are based on contractually agreed-upon amounts or rates, excluding the estimates of variable consideration under the revenue recognition standard, Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 606.

The following tables set forth our percentage of skilled nursing patient revenue and days for the periods presented:

 Three Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING REVENUEMedicare21.2% 20.9% 28.3% 27.8% 24.1% 19.1% 22.6% 21.9%Managed care19.6  19.9  15.1  14.0  14.4  13.0  18.2  18.6 Other skilled10.2  9.3  6.3  5.2  6.6  10.9  9.2  8.7 Skilled mix51.0% 50.1% 49.7% 47.0% 45.1% 43.0% 50.0% 49.2%Private and other payors7.1  6.9  8.4  9.2  10.6  10.0  7.7  7.5 Medicaid41.9  43.0  41.9  43.8  44.3  47.0  42.3  43.3 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Three Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING DAYSMedicare11.2% 11.1% 14.7% 14.5% 13.1% 12.6% 12.0% 11.6%Managed care14.1  14.3  10.6  10.2  9.7  10.8  13.0  13.5 Other skilled6.9  5.9  4.4  3.3  4.1  7.0  6.0  5.7 Skilled mix32.2% 31.3% 29.7% 28.0% 26.9% 30.4% 31.0% 30.8%Private and other payors9.6  9.9  10.7  11.5  13.7  11.8  10.4  10.2 Medicaid58.2  58.8  59.6  60.5  59.4  57.8  58.6  59.0 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Six Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING REVENUEMedicare21.4% 21.1% 28.4% 28.4% 25.2% 18.2% 23.0% 22.2%Managed care19.7  20.4  14.9  14.0  14.9  12.8  18.4  19.1 Other skilled10.0  9.1  6.4  5.2  6.7  8.9  8.9  8.4 Skilled mix51.1% 50.6% 49.7% 47.6% 46.8% 39.9% 50.3% 49.7%Private and other payors7.0  6.9  8.3  9.0  9.9  10.3  7.6  7.4 Medicaid41.9  42.5  42.0  43.4  43.3  49.8  42.1  42.9 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Six Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING DAYSMedicare11.4% 11.2% 14.9% 14.8% 13.8% 11.8% 12.2% 11.8%Managed care14.3  14.7  10.6  10.2  10.4  10.5  13.3  13.9 Other skilled6.7  5.9  4.4  3.4  4.3  5.4  6.0  5.4 Skilled mix32.4% 31.8% 29.9% 28.4% 28.5% 27.7% 31.5% 31.1%Private and other payors9.5  9.8  10.6  11.2  12.4  12.2  10.0  10.1 Medicaid58.1  58.4  59.5  60.4  59.1  60.1  58.5  58.8 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% THE ENSIGN GROUP, INC.
UNAUDITED REVENUE BY PAYOR SOURCE

The following tables set forth our service revenue by payor source and as a percentage of total service revenue for the periods presented:

 Three Months Ended June 30,  2026   2025  Revenue % of Revenue Revenue % of RevenueMedicaid(1)$566,819 39.6% $485,848 39.8%Medicare 339,650 23.7   291,117 23.8 Medicaid-skilled 80,664 5.6   75,207 6.2 Total Medicaid and Medicare$987,133 68.9% $852,172 69.8%Managed care 265,348 18.5   229,495 18.8 Private and other(2) 180,016 12.6   139,747 11.4 SERVICE REVENUE$1,432,497 100.0% $1,221,414 100.0% (1) Medicaid payor includes revenue for senior living operations.
(2) Private and other includes revenue for skilled services (private, Veteran Affairs and hospice payors), senior living and ancillary operations.

 Six Months Ended June 30,  2026   2025  Revenue % of Revenue Revenue % of RevenueMedicaid(1)$1,110,269 39.4% $939,688 39.3%Medicare 675,479 24.0   578,868 24.2 Medicaid-skilled 155,902 5.6   144,758 6.1 Total Medicaid and Medicare$1,941,650 69.0% $1,663,314 69.6%Managed care 526,199 18.7   456,712 19.1 Private and other(2) 346,951 12.3   268,428 11.3 SERVICE REVENUE$2,814,800 100.0% $2,388,454 100.0% (1) Medicaid payor includes revenue for senior living operations.
(2) Private and other includes revenue for skilled services (private, Veteran Affairs and hospice payors), senior living and ancillary operations.

THE ENSIGN GROUP, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION BY SEGMENT
(In thousands)

Skilled Services

The table below reconciles net income to EBITDA and Adjusted EBITDA for the skilled services reportable segment for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30, 2026  2025  2026  2025 Statements of Income Data:       Segment income(1)$179,621 $150,004  $353,638 $293,935 Depreciation and amortization 15,445  13,750   30,755  26,963 EBITDA$195,066 $163,754  $384,393 $320,898 Adjustments to EBITDA:       Stock-based compensation expense 10,285  7,567   19,036  14,447 Gain on business interruption recoveries —  (1,000)  —  (1,000)ADJUSTED EBITDA$205,351 $170,321  $403,429 $334,345  (1) Segment income reflects profit from operations before provision for income taxes and impairment charges from operations. General and administrative expenses are not allocated to the skilled services segment for purposes of determining segment profit or loss.

Standard Bearer

The following table sets forth details of operating results for our revenue and earnings, and their respective components, by Standard Bearer for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30,  2026  2025  2026  2025Rental revenue generated from third-party tenants$6,348 $4,712 $11,618 $9,209Rental revenue generated from Ensign's independent subsidiaries 37,785  26,756  68,617  50,660TOTAL RENTAL REVENUE$44,133 $31,468 $80,235 $59,869Segment income(1) 12,070  9,126  22,879  17,709Depreciation and amortization 12,676  9,265  23,459  17,741FFO(2)$24,746 $18,391 $46,338 $35,450 (1) Segment income reflects profit from operations before provision for income taxes, excluding gain or loss from sale of real estate, insurance recoveries and impairment of long-lived assets. Included in Standard Bearer expenses for the three and six months ended June 30, 2026 is management fee of $2.6 million and $4.8 million, respectively, and interest of $14.1 million and $23.9 million, respectively, from intercompany agreements between Standard Bearer and the Company and its independent subsidiaries, including the Service Center. Included in Standard Bearer expenses for the three and six months ended June 30, 2025 is management fee of $1.9 million and $3.6 million, respectively, and interest of $9.0 million and $16.1 million, respectively, from intercompany agreements between Standard Bearer and the Company and its independent subsidiaries, including the Service Center.

(2) FFO, in accordance with the definition used by the National Association of Real Estate Investment Trusts, means net income attributable to common stockholders, computed in accordance with U.S. GAAP, excluding gains or losses from sale of real estate, insurance recoveries related to real estate and impairment of long-lived assets, while including depreciation and amortization related to real estate to earnings.

Discussion of Non-GAAP Financial Measures

Adjusted EBT consists of net income before (a) provision for income taxes, (b) stock-based compensation expense, (c) acquisition related costs, (d) costs incurred related to system implementations, (e) loss (gain) on long-lived assets and business interruption recoveries, and (g) amortization of patient base intangible assets. Adjusted net income consists of net income excluding (a) stock‑based compensation expense, (b) acquisition related costs, (c) costs incurred related to system implementations, (d) loss (gain) on long-lived assets and business interruption recoveries, (e) amortization of patient base intangible assets and (f) the income tax effect of these adjustments. Adjusted earnings per share consists of adjusted net income divided by the weighted‑average diluted shares outstanding for the applicable period. EBITDA consists of net income before (a) interest income, (b) provision for income taxes, (c) depreciation and amortization and (d) interest expense. Adjusted EBITDA consists of net income before (a) interest income, (b) provision for income taxes, (c) depreciation and amortization, (d) interest expense, (e) stock-based compensation expense, (f) acquisition related costs, (g) costs incurred related to system implementations, and (h) loss (gain) on long-lived assets and business interruption recoveries. Adjusted EBITDAR consists of net income before (a) interest income, (b) provision for income taxes, (c) depreciation and amortization, (d) interest expense, (e) rent-cost of services, (f) stock-based compensation expense, (g) acquisition related costs, (h) costs incurred related to system implementations, and (i) loss (gain) on long-lived assets and business interruption recoveries. Funds from Operations (FFO) for our Standard Bearer segment consists of segment income, excluding depreciation and amortization related to real estate, gains or losses from the sale of real estate, insurance recoveries related to real estate and impairment of long-lived assets. The Company believes that the presentation of adjusted EBT, adjusted net income, adjusted earnings per share, EBITDA, adjusted EBITDA and FFO provides important supplemental information to management and investors to evaluate the Company’s operating performance. Adjusted EBITDAR is a financial valuation measure that is not specified in GAAP. This measure is not displayed as a performance measure as it excludes rent expense, which is a normal and recurring operating expense. The Company believes disclosure of adjusted EBT, adjusted net income, adjusted net income per share, EBITDA, adjusted EBITDA, adjusted EBITDAR and FFO has substance because the excluded revenues and expenses are infrequent in nature and are variable in nature, or do not represent current revenues or cash expenditures. A material limitation associated with the use of these measures as compared to the GAAP measures of net income and diluted earnings per share is that they may not be comparable with the calculation of net income and diluted earnings per share for other companies in the Company's industry. These non-GAAP financial measures should not be relied upon to the exclusion of GAAP financial measures. For further information regarding why the Company believes that this non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the Company's periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Report on Form 10-Q. The Company’s periodic filings are available on the SEC's website at www.sec.gov or under the "Financials" link of the Investor Relations section on Ensign’s website at http://www.ensigngroup.net. 

Posted by Defense World Staff on Jul 27th, 2026

Fifth Third Bancorp boosted its holdings in shares of Community Financial System, Inc. (NYSE:CBU – Free Report) by 7,231.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,422 shares of the bank’s stock after purchasing an additional 16,198 shares during the period. Fifth Third Bancorp’s holdings in Community Financial System were worth $963,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of Community Financial System by 507.0% during the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock worth $30,000 after buying an additional 436 shares during the period. EverSource Wealth Advisors LLC grew its position in Community Financial System by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock valued at $44,000 after acquiring an additional 499 shares during the period. Lipe & Dalton acquired a new position in Community Financial System during the fourth quarter worth $52,000. Strs Ohio acquired a new position in Community Financial System during the first quarter worth $102,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Community Financial System during the fourth quarter valued at $155,000. 73.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In CBU has been the topic of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $75.00 target price on shares of Community Financial System in a research note on Thursday, April 30th. Piper Sandler lifted their price target on shares of Community Financial System from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen raised shares of Community Financial System from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.75.

Check Out Our Latest Stock Report on Community Financial System

Community Financial System Trading Down 0.2% Shares of CBU opened at $67.09 on Monday. The stock has a fifty day moving average price of $65.38 and a two-hundred day moving average price of $62.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 0.77. Community Financial System, Inc. has a 52-week low of $51.12 and a 52-week high of $71.11. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 16.29 and a beta of 0.77.

Community Financial System (NYSE:CBU – Get Free Report) last announced its earnings results on Wednesday, April 29th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Community Financial System had a return on equity of 11.24% and a net margin of 21.26%.The company had revenue of $213.69 million during the quarter, compared to analyst estimates of $216.36 million. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Community Financial System, Inc. will post 4.7 EPS for the current fiscal year.

Community Financial System Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, September 15th. This is a positive change from Community Financial System’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. Community Financial System’s dividend payout ratio (DPR) is currently 45.63%.

Insider Buying and Selling In related news, Director Mark J. Bolus sold 12,191 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $67.00, for a total value of $816,797.00. Following the completion of the sale, the director owned 94,060 shares of the company’s stock, valued at $6,302,020. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric Stickels sold 2,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $63.98, for a total value of $127,960.00. Following the sale, the director owned 31,592 shares of the company’s stock, valued at approximately $2,021,256.16. The trade was a 5.95% decrease in their position. The SEC filing for this sale provides additional information. 1.15% of the stock is currently owned by corporate insiders.

Community Financial System Profile (Free Report)

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.

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Posted by Defense World Staff on Jul 27th, 2026

Caxton Associates LLP bought a new stake in American Homes 4 Rent (NYSE:AMH – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,925 shares of the real estate investment trust’s stock, valued at approximately $752,000.

Several other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its stake in American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 751 shares during the period. IFP Advisors Inc increased its holdings in shares of American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 441 shares during the last quarter. Parallel Advisors LLC raised its stake in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 442 shares during the period. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 70.3% during the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new position in American Homes 4 Rent during the fourth quarter worth $35,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance Shares of NYSE AMH opened at $33.43 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 4.50 and a beta of 0.79. The stock’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $31.27. American Homes 4 Rent has a one year low of $27.22 and a one year high of $36.38.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. The company had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.88 EPS for the current year.

American Homes 4 Rent Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. American Homes 4 Rent’s payout ratio is currently 107.32%.

Analyst Ratings Changes Several equities analysts have commented on AMH shares. Mizuho upped their price objective on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of American Homes 4 Rent in a research note on Friday, June 26th. Weiss Ratings raised shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.47.

Get Our Latest Report on American Homes 4 Rent

Insider Transactions at American Homes 4 Rent In other American Homes 4 Rent news, Director Jack E. Corrigan bought 2,041 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 5,000 shares of company stock valued at $117,024. Insiders own 5.70% of the company’s stock.

About American Homes 4 Rent (Free Report)

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.

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In major XRP news today, $3.6 billion AUM EverSource Wealth Advisors has disclosed significant holdings in XRP ETFs along with investments in Bitcoin ETFs. The financial advisor also reported stock holdings in Evernorth Holdings’ SPAC, Strategy (MSTR), and other crypto stocks.

EverSource Wealth Advisors Reveals Exposure in XRP ETFs EverSource Wealth Advisors has disclosed exposure in multiple XRP ETFs, according to the latest 13F filing with the US SEC. The firm has joined other tradFi companies exploring crypto ETFs due to rising confidence amid growing regulatory clarity.

EverSource Wealth Advisors holds 1,777 shares of ProShares Ultra XRP ETF. In addition, the firm revealed small holdings in Franklin XRP ETF. The small position likely followed after Wall Street giants such as Bank of America’s XRP ETF exposure.

The financial advisor also disclosed 250 shares held in Ripple-backed Evernorth Holdings’ SPAC Armada Acquisition Corp II (XRPN) stock. The buy comes as Evernorth Holdings moved closer to a merger with Armada Acquisition Corp II, as CoinGape reported earlier.

Moreover, institutional interest in XRP is rising amid RWA tokenization, XRP Ledger (XRPL), and Ripple’s partnerships with Wall Street and global companies. Recently, Ripple launched Ripple Mint to enable institutions to mint, redeem, and manage RLUSD through APIs and web access.

Meanwhile, spot XRP ETFs saw net inflows of $8.15 million last week, according to SoSoValue data. As a result, the cumulative inflows to date have increased to $1.49 billion. Also, total assets under management across five XRP ETFs have reached $1 billion.

Holdings in Bitcoin ETFs, MSTR, Other Crypto Stocks Holding EverSource Wealth Advisors also revealed holdings in multiple spot Bitcoin ETFs including BlackRock Bitcoin ETF (IBIT), Fidelity’s FBTC, Ark 21Shares’ ARKB, Grayscale’s GBTC, and Bitwise’s BITB.

The firm holds 100,108 shares worth over $3.3 million in BlackRock Bitcoin ETF and 88,591 shares in ARKB. These two mark the firm’s largest holdings in spot Bitcoin ETFs.

In addition, EverSource has holdings in Strategy (MSTR), Trump family-backed American Bitcoin Corp (ABTC), Robinhood (HOOD), and other crypto stocks. Notably, the firm has 43,674 shares of MSTR and 16,355 STRK perpetual shares.

As CoinGape reported recently, Farmers & Merchants Investments disclosed XRP ETF, Bitcoin ETFs, and Robinhood holdings. ETF holdings 261 shares of BlackRock Bitcoin ETF and 475 shares of Robinhood Markets, according to the SEC filing.

While institutions purchase traditional shares, on-chain traders can access fractionalized equities directly through the best platforms to trade tokenized stocks.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

If a movie were made about the crypto industry, David Schwartz of Ripple would be played by Ian McKellen, best known for his role as Gandalf. At least, that was the verdict delivered by Grok after Ripple's CTO Emeritus jokingly asked the AI which actor would be suitable to portray him in a biographical film about his life.

In the AI-generated concept, the hypothetical biopic received the working title "The Ripple Wizard." Grok said the bearded developer gives off the "energy of a wise wizard," while the creation of the XRP Ledger was described as "decentralized financial magic." The AI even reworked the character's iconic quote: "You shall not pass… without fast and cheap cross-border payments!"

Schwartz replied in the comments that he would have preferred Jeff Daniels, although he admitted that the actor was "already too old."

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The exchange directly echoes the current design of Schwartz's profile page. As the cover image for his account, the developer uses an AI-generated, dramatic synopsis styled as the opening of a Hollywood thriller.

David Schwartz'z header on X with a hypothetical scenario about Ripple movie, Source: XThe text is a direct and ironic reference to Ripple's years-long legal battle with the U.S. Securities and Exchange Commission. Grok's joke about a fantasy version of the creation of XRPL effectively fits the same background.

The parallels with the "wise old man" also match Schwartz's actual position within Ripple. One of the main architects of the XRP Ledger previously stepped down from his operational role as the company's chief technology officer and moved into the strategic position of CTO Emeritus.

The move allowed Schwartz to completely free himself from administrative routines, management responsibilities, and corporate meetings. The developer returned to writing fundamental code and optimizing the network, effectively taking on the role of the ecosystem's chief technical elder.

Just a joke or a subtle teaser?First there was the custom AI-generated screenplay in his profile header, and now there is a discussion with Grok about the potential cast. Recently, Schwartz has made several public references to a possible movie about Ripple.

Most likely, this remains part of the executive's usual geek humor. But could Schwartz be hinting at real negotiations over a documentary or a screen adaptation of Ripple's story?

XRP is once again drawing close attention from traders as prominent cryptocurrency analyst Gina highlighted that the digital asset has returned to a critical level within its trading range. Based on her recent post on X, Gina believes that current price action mirrors a key midpoint that defined major market moves in previous years.

Comparison to Previous CyclesGina presented a side-by-side comparison of XRP’s market structures for two different periods: the cycle from 2021 to 2023 and the emerging 2024 to 2026 timeframe. Her analysis focused on the statistical midpoint of XRP’s trading range, where she observed that the price had previously established a significant bottom just before a notable recovery.

The accompanying chart in her X post mapped out this midpoint, showing that both cycles reached 50% of their respective ranges before displaying trend reversals. Gina stated that XRP has now touched this proportional level once more, suggesting a possible repeat of historical price dynamics if the market responds similarly.

Over the 2021–2023 stretch, XRP formed a bottom at 50% of its range, and in the 2024–2026 period, this same level has just been reached again, sparking renewed interest in tracking the asset’s next move.

The chart also outlined a hypothetical scenario in which XRP forms a fresh bottom, stabilizes, and then rallies toward previous highs. While this projection is based on technical patterns rather than definite signals, Gina argued that this midpoint warrants close monitoring as a potential trigger for new market momentum.

Market Attention Versus UtilityGina placed special focus on the role of investor sentiment and market attention, rather than utility-driven use cases, as the main factor driving XRP’s performance. She explained that, in her view, XRP does not need to serve as the backbone for global banking transactions in order to attract positive price movements.

Instead, she emphasized that shifts in market sentiment and increased monitoring of technical levels could lead to renewed activity and upward moves for the asset. Gina concluded that reaching this proportional price level may signal an opportunity for participants if prior patterns hold true.

Gina asserted that XRP does not require mass banking adoption to perform competitively; she sees increased attention and focus from the crypto market as sufficient to influence its price movement at pivotal levels.

The analysis received positive responses from several X users, who expressed hope for a rebound in XRP’s price. One user shared a desire for the asset to recover and surpass the level at which they bought in last year, reflecting ongoing optimism among holders looking to break even.

Another participant responded with strong enthusiasm, suggesting that a new bull run for XRP may be on the horizon. Such comments capture rising confidence within sections of the XRP community, despite ongoing uncertainty about the asset’s immediate trajectory.

With attention fixed on technical midpoints and historical cycles, some traders are looking to platforms that streamline access to diversified assets. In this context, solutions like 1stepSwap have gained traction, as they transfer real-world assets directly onto the blockchain. By offering users the ability to access shares of major US companies or commodities such as gold and silver straight from their crypto wallets—always at the best market price and without intermediaries—these platforms enable fast and efficient diversification, aligning with market participants’ desire to react quickly to evolving trading setups.

Whether XRP will repeat past recovery patterns at the 50% range midpoint remains uncertain. Market observers appear poised to watch closely as the current trading structure continues to unfold over the coming weeks.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

XRP has once again reached the midpoint of its trading range, a level that previously marked a significant turning point for the cryptocurrency, according to market watcher Gina. The analyst, known for her presence in the XRP community, shared a detailed chart on X comparing the digital asset’s current and past price cycles, suggesting that this zone could play a decisive role in XRP’s next move.

Historical comparison: 2021–2023 versus 2024–2026In her recent post, Gina drew parallels between the market structure from 2021 to 2023 and the ongoing period of 2024 to 2026. She presented side-by-side charts highlighting how XRP previously bottomed out after reaching 50% of its trading range in the earlier cycle. Her analysis proposes that XRP has now arrived at this key midpoint again, indicating a potentially similar scenario to the last significant price recovery.

The chart identifies the 50% range as the point where the previous correction ended and the price rebound began. This area is labeled as the “most important level,” suggesting its relevance for investors tracking historical patterns in XRP’s price action.

XRP’s last market bottom occurred at 50% of the range during 2021–2023. Now, in the current cycle, the asset has returned to the same level, which is seen as a potential inflection point if history repeats.

The visualization projects a potential recovery phase similar to the past, in which XRP finds support at this midpoint and advances toward former highs. However, Gina clarified that this interpretation is a technical perspective rather than a definitive forecast for future performance.

Focus shifts: Utility versus price actionBeyond technical patterns, Gina stressed that XRP’s market value does not solely depend on widespread adoption as a financial rails solution. She argued that strong price performance can emerge regardless of whether XRP becomes a primary platform for global bank transactions.

Instead, she pointed to increased market attention as a key driver, emphasizing that even without large-scale banking integration, sufficient interest and focus on XRP could lead to significant movement within the current cycle.

XRP does not need to become the next bank transaction layer to deliver strong returns. Market attention at important levels can be enough to drive substantial activity.

Her remarks indicate a belief that the present level demands close observation from traders and investors, especially if previous market behavior is repeated.

Mini dictionary: “Bank transaction layer” refers to a blockchain platform or asset used by banks for moving money between institutions, aiming to serve as foundational financial infrastructure for interbank or cross-border settlements.

Community sentiment and expectationsResponses from the XRP community on X were generally optimistic following Gina’s analysis. Some participants expressed hope that reaching the key 50% level could spark a rally strong enough to bring prices back to or above their entry points, underlining investor anticipation for a trend reversal.

Other community members voiced even greater confidence, suggesting they believe a major upward swing may be on the horizon. The overall sentiment among XRP holders appeared to lean positive, though the ultimate direction of the market remains open and subject to further developments.

Gina’s multiple-cycle comparison reinforces the view that XRP’s price is tracking a historical pattern, with the 50% range once again in the spotlight. Whether this technical setup results in a significant move in the weeks and months ahead will depend on subsequent market dynamics.

Market CycleKey LevelObserved Outcome2021–202350% of trading rangeMarking of the bottom, followed by a recovery2024–202650% of trading range (current)Under observation for repeat of past patternDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ethereum has confirmed a significant technical shift following the completion of a downtrend breakout and retest, according to analyst Qmo. The cryptocurrency is now consolidating within a demand zone, which Qmo identifies as the second phase within a broader five-step market pattern.

Key breakout and consolidation phasesQmo stated that the initial technical objectives have been met as the breakout and subsequent retest are now complete. Ethereum’s price is currently moving sideways within a support area, and further consolidation is expected before any decisive push toward higher targets between $2,200 and $2,400.

Should momentum continue, Qmo suggested that Ethereum could next approach $3,000 and, if strength persists, potentially break above $4,000. However, these values are currently seen as potential milestones rather than confirmed outcomes. Ethereum must first maintain its position above the newly established structure and exit the current demand zone for these targets to remain viable.

Consolidation within the demand zone marks a crucial stage for Ethereum. Buyers and sellers are setting the stage for a move toward $2,200 to $2,400, but the structure’s stability must hold before higher price targets can be considered.

Recent breakout formations in Ethereum have historically preceded rotation into other leading altcoins, according to Qmo. If Ethereum’s underlying structure remains resilient, the broader crypto market could see an uptick in alternative coin performance during the next phase of liquidity movement.

Market liquidity, CLARITY Act, and price risk factorsIn a separate X post, analyst Ted highlighted several major liquidity pools residing both above and below Ethereum’s current price. This setup, he argued, increases the likelihood of a swift price movement in either direction, depending on which side the market pressures first.

Ted cited the pending approval of the CLARITY Act as a key catalyst for Ethereum’s next move. Should the bill pass, he expects substantial pressure on short sellers, potentially driving the price higher. By contrast, if the CLARITY Act fails to advance, Ted warns that Ethereum could return to levels near $1,500.

Major liquidity clusters on both sides of the chart mean the next big move for $ETH could happen quickly. Passage of the CLARITY Act would likely challenge short positions, but without clear regulatory progress, the downside risk increases.

Technical developments such as contracting triangles, retest confirmations, and major resistance levels have increased the demand among traders for real-time price monitoring. CryptoAppsy addresses this need by offering users a comprehensive platform that combines live pricing, detailed charting, and multi-currency portfolio management on a single screen. The application enables investors to capitalize on rapid price moves through customizable alerts, targeted coin news, and tools for tracking altcoins as they are newly listed. It also integrates vital macroeconomic data, such as Fed interest rates, helping users to stay ahead of market shifts.

Long-term outlook and cycle analysisAnalyst Crypto Patel offered a perspective based on Ethereum’s historical four-year market cycles. Comparing current price movement to those that preceded both the 2017 and 2021 rallies, he identified the $1,000 to $1,350 range as critical support. Remaining above this zone would support a bullish case, even if it does not guarantee a sustained rise.

Patel explained that Ethereum must first reclaim resistance around $3,945, surpass its all-time high, and establish a new support level above that threshold before more ambitious targets can come into play. His analysis sets $10,000 as a long-term objective for the asset, with projections for a potential peak range between $16,000 and $22,500 by either 2026 or 2027, contingent on historical patterns repeating.

While these scenarios highlight possible trajectories for Ethereum, none are assured. Analysts emphasize that actual price movement will depend on structural stability, liquidity flows, and external factors such as regulatory decisions and macroeconomic trends.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ethereum’s price action has reached a critical phase following what technical analyst Qmo described as a confirmed break of structure. After completing a breakout from its downtrend and a successful retest, Ethereum now consolidates within a demand zone, positioning itself for a potential next move.

Analysts outline key price levels and targetsQmo highlighted that the current phase is the second step in a technical setup, with Ethereum now stabilizing before its direction becomes clear. According to this sequence, if the demand zone holds, Ethereum could climb to the $2,200–$2,400 range. Beyond this, Qmo’s projections suggest a stronger upside could drive the price near $3,000 and, with sustained momentum, even above $4,000.

These targets remain contingent on Ethereum maintaining its newly established price structure and breaking out from the current demand zone. Without continued support, higher targets may not become achievable.

Qmo emphasized that while the breakout and retest are now complete, consolidation within the demand zone marks a decisive stage. Further gains for Ethereum depend on a clear exit from this range.

Market rotation and liquidity outlookQmo also noted similarities between the present breakout and previous episodes when Ethereum rallied ahead of major moves in significant altcoins. This form of liquidity rotation, which occurs when trading activity and funds shift from one asset to others, could indicate the start of broader market momentum if the bullish structure remains intact.

In addition, analyst Ted pointed out notable liquidity pools on both sides of Ethereum’s current price. He identified the CLARITY Act as a potential catalyst for the next move. Ted stated that should the act be approved, short positions could come under pressure, while a lack of progress might push Ethereum down as far as $1,500.

The CLARITY Act is a proposed legislative initiative in the United States aimed at providing clear regulatory guidelines for digital assets, which market participants believe could significantly impact the trajectory of cryptocurrencies like Ethereum.

Mini dictionary: CLARITY Act, a legislative bill in the US aiming to define the regulatory status of digital assets and foster clarity for crypto businesses and investors.

Ted predicted that the outcome of the CLARITY Act could significantly shift market direction, either squeezing shorts or opening the prospect of a deeper decline toward $1,500.

ScenarioPotential ETH Price LevelsDemand zone holds, bullish continuation$2,200 – $2,400, $3,000, above $4,000CLARITY Act stalls, breakdown$1,500Long-term cycle peak (2026/2027)$16,000 – $22,500Long-term perspectives and cycle analysisA longer-term outlook has been provided by Crypto Patel, an analyst known for studying past cryptocurrency market cycles. Using data from Ethereum’s previous four-year cycles, Patel compared current market conditions with those seen before the major peaks of 2017 and 2021.

Patel identified the key support region between $1,000 and $1,350. He considered the maintenance of this range essential for any continued bullish momentum, even though it does not guarantee a price surge.

His technical roadmap suggested that before Ethereum can target new record highs, it must first surpass resistance around $3,945 and establish support above this zone. Only then would the path toward higher values become viable.

According to Patel, in an optimistic scenario where historical patterns repeat, Ethereum could reach $10,000 as a long-term goal, with a projected cycle peak between $16,000 and $22,500 in 2026 or 2027. These numbers are based on past historical data and rely on recurring market trends.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ethereum’s price has entered a crucial consolidation phase following a confirmed downtrend breakout and successful retest, according to cryptocurrency analyst Qmo. The setup signals a potential reversal, with the price now consolidating within a significant demand zone. This stage is identified as the second in a five-step sequence tracked by the analyst.

Potential price targets and technical outlookQmo identified that Ethereum has formed a technical “break of structure” that traders have waited several months to see. With consolidation underway, the next key move could carry ETH toward $2,200 to $2,400, provided the bullish structure is preserved. A robust continuation might enable Ethereum to test the $3,000 mark, followed by an expansion above $4,000.

Despite these projections, Qmo emphasized that the higher targets are not confirmed. He stated that Ethereum must first hold its current structure and exit the demand zone to validate the scenarios for further upside moves.

Qmo described a five-stage path and pointed to current levels as a decisive consolidation period for Ethereum, with the structure’s strength determining the likelihood of reaching higher price targets.

Additionally, Qmo noted that similar breakouts in Ethereum’s chart have previously triggered liquidity rotation toward other major altcoins. If Ethereum’s structure remains intact, such a rotation could set the stage for gains across the broader crypto market.

Liquidity clusters and impact of US crypto legislationMarket analyst Ted pointed out in a post on X that Ethereum faces significant liquidity pools both above and below its current price. This setup could enable rapid shifts in either direction, depending on upcoming events.

Ted highlighted the CLARITY Act, a legislative proposal in the US, as a central catalyst for Ethereum’s next move. According to Ted, if the CLARITY Act is approved, it may trigger a short squeeze, putting pressure on investors holding short positions. Conversely, if the bill fails, the price of ETH could drop to $1,500 as sellers regain control.

Mini dictionary: CLARITY Act: A proposed US bill designed to provide a clearer regulatory framework for digital assets and crypto tokens, aiming to enhance compliance and investor protection by defining how such assets are classified and regulated under US law.

Ted asserts that “the next move will be entirely dependent on the CLARITY Act,” with approval threatening short sellers and rejection potentially leading Ethereum toward $1,500.

Cycle analysis, key support levels, and long-term forecastsAnother analyst, Crypto Patel, referenced Ethereum’s four-year market cycles, comparing the current trend to rallies, corrections, and accumulation phases before the 2017 and 2021 peaks. According to his analysis, the primary support area lies between $1,000 and $1,350. Maintaining this range allows for a bullish outlook but does not guarantee an imminent rally.

Crypto Patel believes that, before aiming for new highs, Ethereum first needs to overcome resistance at around $3,945 and establish sustained support above its existing all-time high. He set $10,000 as a long-term target, projecting a potential cycle peak within $16,000 to $22,500 during 2026 or 2027, should historical patterns repeat.

AnalystShort-Term TargetKey SupportLong-Term ProjectionMain CatalystQmo$2,200–$4,000Demand zone (current consolidation)Further upside if structure holdsBreak of structure, rotation to altcoinsTed$2,200–$2,400 or $1,500 (downside)Based on liquidity poolsN/ACLARITY Act decisionCrypto PatelResistance at $3,945$1,000–$1,350$10,000 (cycle peak $16,000–$22,500 by 2026–2027)4-year cycle patternThese scenarios remain conditional on Ethereum’s price action and broader market triggers. Analysts continue to monitor technical levels and legislative developments as key indicators for Ethereum’s next significant move.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Key Highlights BitMEX co-founder Arthur Hayes accumulated 1,290 ETH valued at $2.5 million through FalconX exchange Ethereum spot ETFs attracted $104M in cumulative net inflows across three consecutive weeks Ethereum has surged more than 20% after defending critical multi-year support near $1,580 Technical analysts forecast potential long-term price levels ranging from $10,000 to $20,000 using cycle-based models Immediate price resistance is positioned at $1,945, with $2,145 marking the subsequent critical level BitMEX co-founder Arthur Hayes executed a calculated entry into Ethereum this week, purchasing 1,290 ETH tokens for roughly $2.5 million via the FalconX trading platform. His transaction involved pre-depositing capital before executing the buy order, indicating a strategic accumulation approach rather than spontaneous market timing.

🚨ARTHUR HAYES ADDS ANOTHER $1.2M IN $ETH!

BitMEX co-founder Arthur Hayes bought 645 $ETH.

Since July 15 he has accumulated a total of 3,915 $ETH worth $7.47M at an average price of $1,909, according to Lookonchain data.

The position is currently down about $113K. pic.twitter.com/rD4bqin5r9

— Crypto Banter (@crypto_banter) July 26, 2026

Hayes has developed a reputation for establishing positions during periods of market ambiguity. This particular acquisition captured market attention because Ethereum remained beneath significant resistance zones during his entry, implying he identified present valuation levels as favorable for accumulation.

Trading platform analytics revealed positive spot netflows totaling $5.58 million, indicating more Ethereum moved onto centralized exchanges than exited to private wallets. Though this pattern could suggest certain holders positioning for potential sales, the magnitude remained relatively contained compared to larger outflow events recorded in previous months.

Derivatives Indicators Signal Strengthening Bullish Sentiment Futures market metrics reinforced the optimistic outlook. Open Interest climbed 2.2% to reach $11.97 billion, demonstrating fresh capital deployment in derivatives contracts. Funding Rates experienced a dramatic 3,092% surge within 24 hours to 0.003479, revealing that traders maintaining long positions were accepting higher costs to sustain their exposure.

Market analyst Ali Charts identified $1,580 as the optimal accumulation zone, noting that Ethereum has delivered over 20% gains since successfully defending that multi-year support foundation.

Spot Ethereum exchange-traded funds strengthened the bullish narrative, attracting $104 million in net capital during the July 20–24 period, extending a positive inflow streak to three consecutive weeks, as reported by Wu Blockchain.

Cycle-Based Analysis Points Toward $10K-$20K Price Zones Technical analyst Crypto Patel presented a bi-weekly chart overlay comparing Ethereum’s present market structure with historical cycles that culminated in 2017 and 2021. Each previous cycle featured an initial rally phase, followed by corrective consolidation, then accumulation before the subsequent expansion wave. His technical framework identifies $10,000 as a significant long-term milestone, with broader peak potential extending between $16,000 and $22,500.

Analyst Freedom By 40 released a monthly timeframe chart suggesting a possible $20,000 destination by 2028, derived from a projected 1,900% appreciation measured from the lower boundary of Ethereum’s existing trading range.

Both projection models require Ethereum to maintain support within the $1,000 to $1,350 corridor and ultimately surpass the prior all-time high established near $4,800.

Ethereum (ETH) Price Ethereum is presently changing hands around $1,864, with near-term support established at $1,830 and resistance positioned at $1,945. The subsequent major upside objective is located at $2,145.

As the on-chain movements of large investors in the cryptocurrency market continue to be closely monitored, a major whale investor who had been accumulating Ethereum (ETH) and Wrapped Bitcoin (WBTC) throughout July made another noteworthy purchase.

According to data shared by the on-chain analytics platform Ai Yi, the investor in question withdrew 120 WBTC from a cryptocurrency exchange in the last two hours, further expanding their portfolio.

According to the data, approximately $7.8 million worth of WBTC was transferred from the exchange to a private wallet with this latest transaction. This move is seen as a continuation of the investor’s aggressive accumulation strategy throughout July.

According to the analysis, the whale investor has purchased a total of 59,404.19 ETH and 820 WBTC since the beginning of July. At current market prices, the total value of these assets has reached approximately $156 million. This figure stands out as one of the largest individual on-chain accumulations in recent weeks.

According to Ai Yi’s calculations, the average cost for an investor in Ethereum is $1,742, while the average cost for Wrapped Bitcoin is approximately $64,329. It is stated that, due to the recent price recovery in the cryptocurrency market, this portfolio has generated approximately $8.93 million in unrealized profit.

On-chain data shows that large investors withdrawing assets from centralized exchanges and transferring them to private wallets is generally associated with a long-term holding tendency. Therefore, the recent transfer is seen by some market participants as a positive development, indicating that institutional or high-net-worth investors are maintaining their confidence in Ethereum and Bitcoin.

However, experts emphasize that definitive conclusions about the overall market direction should not be drawn based on the movements of a single whale wallet. Large-scale transfers can occur for various reasons, such as portfolio rebalancing, changing custody solutions, or pursuing different investment strategies.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

The crypto market is rising today, July 27, after the US halted strikes on Iran, with the price of Bitcoin (BTC) and Ethereum (ETH) gaining by 1.75% and 4.63%, respectively.

The halted strikes have pushed the price of Murban crude oil down by 10% as speculation grows that US and Iran might restart talks towards ending the war.

Oil Slides Amid US-Iran Talks Optimism Oil prices are moving lower on optimism that the US and Iran might restart peace talks. Murban crude oil is down 10% today, July 27, to trade at $97 at the time of writing.

WTI crude oil is also down by 5.6% to $83, while Brent crude oil is down by 6.5% to $90.

The drop comes after US envoy to the UN, Mike Waltz, said that President Trump was “giving talks some space.”

Waltz’s statement follows a previous report that US military commander in Iran, Adam Bradley Cooper, advised Trump to de-escalate because the US military campaign against Iran had attained its goals.

The potential de-escalation comes after two straight weeks of strikes on Iran by the US military. The conflict pushed oil reserves to the lowest level in 43 years, and pushed the price of Bitcoin and Ethereum lower as traders sold due to fears of more tensions.

As speculation grows that another ceasefire deal might occur, Bitcoin and Ethereum, whose price is up today, could edge higher.

Bitcoin Price Prediction as Bulls Target $69,000 Bitcoin price is up by 1.75% today, July 21, to trade at $65,447 at the time of writing, with $17 billion in volumes per CoinMarketCap data.

The recent gains could continue because of the easing geopolitical tensions, as the traders who were previously selling out of fear that the conflict between Iran and the US will escalate start buying again.

This buying pressure could push BTC to the July 21 high of $66,956. But for such a gain to occur, Bitcoin price needs to remain above support at the middle Bollinger band of $64,442.

BTC/USDT: 1-day Chart (Source: TradingView) Analyst DaanCrypto also notes that if bulls push the price of BTC above the July 21 high of $66,956, the next target will be the 200-day EMA of $72,000.

However, the analyst warns that if a downtrend resumes, Bitcoin could drop to the psychological support of $60,000.

Still, the RSI reading of $54 supports a bullish long-term Bitcoin price forecast.

Ethereum Price Soars to 8-Week High on Sustained Buying Pressure The price of Ethereum has climbed to $1,981 for the first time since June 2.

The volume histogram bars that are green for three straight days suggest that Ethereum is gaining because of rising buying pressure.

The CMF reading of 0.09 also confirms that there is more buying pressure than selling pressure, and this could push the price of ETH to the psychological resistance of $2,000.

A previous CoinGape Ethereum price analysis noted that if ETH closes above the obstacle at $2,000, it could move to $2,240.

ETH/USDT: 1-day Chart (Source: TradingView) The ADX line that is tipping north also supports a bullish long-term Ethereum price forecast. It suggests that the uptrend is gaining strength, and a move past $2,000 could occur.

Bitcoin and Ethereum ETF Inflows Return Data from SoSoValue shows an increase in inflows to both Bitcoin and Ethereum ETFs.

BTC ETFs saw $33.79 million in inflows in the week between July 20 and July 24, while ETH ETFs had $103.90 million in inflows.

If the US and Iran agree on another ceasefire after talks resume, these ETFs could also see more inflows this week.

Still, the upcoming FOMC meeting on July 29 could affect the demand for these ETFs if the Federal Reserve appears to be hawkish and drive a risk-off sentiment.

Table of contents

The latest flow data for U.S.-listed spot crypto ETFs shows a clear pattern: money is sticking with Ethereum. From July 20 to 24, spot Ethereum exchange-traded funds pulled in $104 million in net new capital, according to the data published by WuBlockchain. That marks the third consecutive week of positive net inflows for the products, a streak that suggests institutional and retail buyers are not backing away from the asset even as broader market conditions shift.

Bitcoin ETFs, by contrast, added only $3,379 over the same period. The near-zero reading stands in stark contrast to Ethereum’s nine-figure haul and raises questions about whether the market’s attention is rotating away from the largest digital asset in the ETF wrapper. Spot SOL and XRP ETFs posted $7.2 million and $8.15 million in net inflows, respectively, while the HYPE ETF recorded $8.61 million in net outflows, the lone red number in a mostly green week.

Ethereum ETFs Outpace Bitcoin by a Wide Margin The gap between Ethereum and Bitcoin ETF flows is the defining feature of the week. Bitcoin’s $3,379 net inflow is so small it could be noise—less than one large trade. Meanwhile, Ethereum’s $104 million inflow represents a meaningful chunk of capital that, if sustained, can support price levels and signal conviction. The three-week streak for Ethereum ETFs is not just a headline; it is the longest sustained inflow period since the products launched, indicating that the initial post-approval volatility has given way to steadier accumulation.

Some of that confidence may be linked to Ethereum’s persistent top spot in developer activity. Ethereum continues to lead blockchain ecosystems by developer activity, a metric that eventually filters into perceptions of long-term value for ETF investors. The network’s ongoing upgrades and its centrality to DeFi and tokenization projects provide a narrative that Bitcoin, for all its digital gold appeal, cannot match in the same way.

Broader Institutional Appetite Shows Nuance The week’s flows are not happening in isolation. The institutional world is warming to digital assets beyond simple BTC exposure. Real-world asset tokenization has crossed $20 billion on-chain, and recent landmark deals—like Bullish’s $4.2 billion acquisition of Equiniti and Ondo’s settlement with JPMorgan—underscore that traditional finance is building infrastructure that benefits Ethereum in particular, as detailed in this weekly roundup. When tokenization giants pick Ethereum as the settlement layer, it reinforces the asset’s utility and, by extension, the investment case for its ETF.

That institutional backdrop does not guarantee uninterrupted inflows, however. The HYPE ETF’s outflows show that not every new product finds immediate traction, and XRP and SOL flows, while positive, remain modest. The landscape is still maturing, and each week brings a different distribution of favorites. What matters is that Ethereum consistently captures the largest share—a sign that the product is doing its job for a certain class of allocator.

Regulatory Shadows and What Comes Next The flow streak arrives as Washington remains a source of uncertainty for the entire crypto ETF category. A major U.S. crypto bill faces last-minute banking opposition days before a Senate vote, and the outcome could reshape how ETFs are treated under federal law. Any adverse regulatory shift would hit sentiment across the board, but a stable framework would likely accelerate institutional inflows further. ETF investors are not just trading technicals; they are pricing in the probability that the U.S. finally defines clear rules for digital asset products.

For now, though, the flow data speaks plainly. Spot Ethereum ETFs have just logged a third straight week of appreciable net inflows. The number is not explosive, but it is persistent—a quality that tends to matter more in a maturing market than a single record-breaking week. The test will be whether Ethereum can hold the attention of allocators when the next Bitcoin narrative shift arrives, and whether the altcoin ETF pack can build enough momentum to become more than a sideshow.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In just two hours, an enigmatic Ethereum whale has surfaced on the network and acquired over 25,400 ETH. On-chain data shows that three recently established wallets, which are generally thought to be part of the same organization, spent 50.04 million DAI to buy 25,425 ETH at an average entry price of $1,968. 

Ethereum's recovery is a question of timeEthereum is trying to recover one of its biggest technical resistance levels in months, so the coordinated accumulation occurs at a crucial time. When new wallets make purchases of this size, it is usually a sign of institutional involvement or sophisticated investors creating new positions instead of redistributing holdings. 

ETH/USDT Chart by TradingViewThe timing indicates growing confidence that Ethereum may have established at least a medium-term bottom following its dramatic decline earlier this summer, even though the true owner is still unknown. Over the past few weeks, the technical picture has significantly improved. Ethereum has steadily risen above both the 20-day and 50-day exponential moving averages since its June collapse. 

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After months of continuous selling pressure, those shorter-term averages have now turned upward, indicating an improving market structure and growing momentum. The current dynamic resistance is the 100-day EMA, which is located between $1,935 and $1,970. ETH is trading right around that level on the current chart, indicating that buyers are trying to flip an area that has previously rejected multiple recovery attempts. 

Downtrend might endThe bullish argument would be strengthened and more momentum traders would probably enter the market if a daily close above the moving average were successful. The next barrier is located close to $2,180, where Ethereum's longer-term downward trend is still defined by the declining 200-day EMA. 

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Despite the recent recovery, the broader market structure still encourages caution until that level is broken. Recovering the 100-day EMA, however, would greatly increase the likelihood of a move toward that higher resistance. Additionally, momentum indicators continue to be positive. The RSI has risen into the mid-60s without entering overbought territory, indicating that buyers can still push prices higher before momentum becomes overly stretched. 

The whale accumulation gives Ethereum's comeback one more positive aspect. Instead of chasing fully formed uptrends, large investors frequently scale into positions during times of improving technical structure. 

It is unclear whether this purchase signals the start of more widespread institutional accumulation, but when paired with Ethereum's improving chart, it offers yet another indication that market sentiment is gradually changing. 

Whether buyers can hold above the 100-day EMA will be decided over the next few trading sessions. If they do, it becomes much more likely that the 200-day EMA at $2,180 will be reached. If not, buyers would probably try to defend the current recovery as Ethereum retreats once more toward support around the 50-day EMA near $1,750.

Leading cryptocurrencies lifted late on Sunday alongside stock futures as investors weighed the pause in hostilities between the U.S. and Iran.

Overnight Rally For CryptoBitcoin lifted to $65,500 late in the day, only to face sharp resistance from the bears. Trading volume rose nearly 9% over the last 24 hours.

Ethereum followed a similar path, spiking to an intraday high of $1,960 only to reverse sharply and retreat lower.

Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with $160 million in bearish short positions erased, according to Coinglass data.

Bitcoin’s open interest fell 1.75% over the last 24 hours. A decrease in open interest alongside an increase in spot price typically indicates short covering, signaling that short sellers are buying back contracts to exit positions.

That said, "Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.22 trillion, following a contraction of 0.54% over the last 24 hours.

Stock Futures Surge Amid Pause in FightingStock futures rallied overnight on Sunday. The Dow Jones Industrial Average Futures jumped 253 points, or 0.49%, as of 8:50 p.m. EDT.  Futures tied to the S&P 500 gained 0.66%, while Nasdaq 100 Futures climbed 1.21%.

The U.S. has held off attacking Iran since Friday night after striking for 13 days. Iran has also stopped its retaliatory attacks since then. However, Washington continued its naval blockade of Iranian ports.

Is Bottom Finally in?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, declares the cryptocurrency market bottom is “very likely” in, with a strong bet on the Ethereum ecosystem and altcoins outperforming Bitcoin.

“Big week upon us,” the analyst projected.

Jesse Olson, a technical analyst focused on cryptocurrency charts, also identified a bullish bottom signal for Bitcoin where the orange line crossed above the purple line on his custom Rainbow Moving Average indicator.

The indicator uses multiple-layered moving averages plotted in different colors to spot market trends and find reversal points.

“Price was at $16,900 when the cross happened. Weeks later, bull run had begun,” Olson stated. “Few months to go, buy the right dip.”

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Key Takeaways DOGE currently trades around $0.073, approaching a critical monthly support zone at $0.056 Technical indicators show a TD Sequential buy signal emerging, indicating potential bearish exhaustion Crypto analyst Ali Martinez identifies $0.056 as crucial support, with upside potential toward $0.16 and eventual $0.45 target Trader Daan Crypto Trades highlights $0.08 as critical resistance to flip, targeting $0.118 on reclaim Regulated Dogecoin ETF products have accumulated over $12 million in net inflows, signaling institutional interest At press time, Dogecoin (DOGE) is changing hands at $0.07291, recording $606.79 million in trading volume over the past day and maintaining a market capitalization of $12.49 billion. The leading meme cryptocurrency has registered a modest 1.04% uptick in the last 24-hour period.

Dogecoin (DOGE) Price Following a sustained decline from its 2024 peak, the digital asset is now testing a significant support region that market observers consider pivotal for future price action.

On the monthly timeframe, a TD Sequential buy indicator has triggered near the $0.056 support threshold. Market analyst Ali Martinez interpreted this development as evidence that selling pressure could be losing steam. While this technical formation identifies a potential reversal zone, it doesn’t guarantee that a definitive bottom has been established.

DOGECOIN: BUY SIGNAL

The TD Sequential has flashed a buy signal on the monthly chart just as $DOGE approaches a major support level around $0.056.

If that support holds, I'm watching for a rebound toward $0.16, with the top of the channel near $0.45 as the broader upside… https://t.co/uKD8zVWVj3 pic.twitter.com/pOqAAe2VWY

— Ali Charts (@alicharts) July 25, 2026

Should DOGE successfully defend current support levels, Martinez projects $0.16 as the first meaningful recovery objective. The more ambitious $0.45 price point exists as an extended-term goal within the established price channel, though achieving this level would necessitate multiple confirmed upside breakouts.

Conversely, a monthly candle closing beneath $0.056 would undermine the bullish reversal signal and potentially trigger a more substantial correction beyond current structural supports.

Institutional Demand Through ETF Vehicles Investment products tracking Dogecoin have accumulated more than $12 million in net capital inflows, based on information reported by market analyst dogegod. This metric demonstrates expanding interest in accessing DOGE exposure through regulated investment vehicles among institutional and traditional investors.

Cryptocurrency trader Daan Crypto Trades observed that DOGE currently occupies a substantial support region that has historically attracted accumulation during previous downtrends. He emphasized the $0.08 price level as the critical resistance threshold that must be recaptured to validate strengthening momentum, which would subsequently target $0.118 as the following objective.

$DOGE With some OG memes moving, I think it's always good to watch the biggest one.

For DOGE I'd want to see a retake of that ~$0.08 level to see some sign of strength.

Alternatively, the big green high timeframe support zone below is generally good for long term/bear market… pic.twitter.com/NeZMp1kCQR

— Daan Crypto Trades (@DaanCrypto) July 26, 2026

Daan additionally noted increasing activity throughout the broader meme token ecosystem, with market participants monitoring DOGE’s price behavior as a bellwether for sector-wide direction.

Multi-Year Triangle Formation Remains Valid Technical analyst XForceGlobal identified that Dogecoin continues to develop within a multi-year symmetrical triangle consolidation structure. Using Elliott Wave methodology, DOGE may need to complete additional corrective movements before initiating a significant upside breakout attempt.

The designated wave-four support region and a critical invalidation threshold around $0.05 represent the defensive zones that bulls must maintain. A confirmed weekly close underneath $0.05 would completely negate the triangle pattern and suggest alternative bearish scenarios.

A sustained move above $0.10 would provide the initial confirmation of renewed buying strength, with subsequent resistance barriers positioned at $0.18 and $0.24.

Dogecoin presently trades at $0.07291, as ETF investment vehicles surpass $12 million in net flows and technical analysts closely monitor the $0.056 support threshold as the critical defensive level.

Cardano (ADA) remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus.

Derivatives metrics cap ADA recoveryDerivatives data for Cardano shows bearish sentiment among traders. CoinGlass’ long-to-short ratio for ADA reads 0.82 on Monday, nearing the lowest level over a month. The ratio being below one indicates bearish sentiment, as traders are betting the asset's price will fall.

ADA long-to-short ratio chart. Source: CoinglassIn addition, the funding rates also show a bearish bias. ADA funding rates flipped negative on Sunday, reading -0.008 on Monday, indicating that shorts are paying longs and signaling a negative outlook.

Cardano funding rates chart. Source: CoinglassCardano Price Forecast: Trades below key EMAsCardano price trades at $0.165, holding in a bearish near-term bias as price remains capped well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), clustered from roughly $0.180 to $0.270.

The Relative Strength Index (RSI) sits just below the neutral band, around 47, suggesting subdued momentum after the recent bounce from the lows. At the same time, the Moving Average Convergence Divergence (MACD) indicator edges closer to the signal line with a very small positive reading, suggesting only modest recovery attempts within a broader downtrend.

On the topside, initial resistance is aligned at the 23.6% Fibonacci retracement at $0.173, closely followed by the 50-day EMA around $0.175; a sustained break above this cluster would open the way toward the 38.2% Fibonacci retracement at $0.195 and the 100-day EMA near $0.200. Further up, the 50% retracement at $0.213 and the 61.8% Fibonacci retracement level at $0.231 precede a dense resistance band around $0.236–$0.245.

On the downside, immediate support is seen at the horizontal level of $0.150, ahead of the Fibonacci anchor low around $0.137, where buyers would be expected to show more interest if the current decline extends.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Posted by Defense World Staff on Jul 27th, 2026

Gabelli Funds LLC increased its position in Crane NXT, Co. (NYSE:CXT – Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 275,028 shares of the company’s stock after acquiring an additional 19,658 shares during the period. Gabelli Funds LLC owned approximately 0.48% of Crane NXT worth $11,163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Crane NXT by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock worth $78,366,000 after purchasing an additional 214,857 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Crane NXT by 2,449.9% in the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after purchasing an additional 1,701,361 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Crane NXT by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock valued at $78,212,000 after buying an additional 25,849 shares during the last quarter. Channing Capital Management LLC raised its holdings in shares of Crane NXT by 632.9% during the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock valued at $73,983,000 after buying an additional 1,357,312 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Crane NXT by 1.6% during the fourth quarter. State Street Corp now owns 1,565,292 shares of the company’s stock worth $73,678,000 after buying an additional 24,831 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth CXT has been the subject of a number of recent analyst reports. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Robert W. Baird set a $67.00 target price on Crane NXT in a research note on Friday, May 8th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Oppenheimer decreased their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Finally, Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.40.

View Our Latest Analysis on CXT

Crane NXT Stock Down 0.0% CXT stock opened at $52.84 on Monday. Crane NXT, Co. has a 52-week low of $35.71 and a 52-week high of $69.00. The company’s 50 day simple moving average is $45.17 and its 200-day simple moving average is $46.32. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The firm has a market capitalization of $3.04 billion, a P/E ratio of 23.59 and a beta of 1.10.

Crane NXT (NYSE:CXT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The business had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities research analysts anticipate that Crane NXT, Co. will post 4.23 EPS for the current year.

Crane NXT Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were issued a $0.18 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Crane NXT’s dividend payout ratio is presently 32.14%.

Crane NXT Company Profile (Free Report)

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

Further Reading Five stocks we like better than Crane NXT RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding CXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane NXT, Co. (NYSE:CXT – Free Report).

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Posted by Defense World Staff on Jul 27th, 2026

Epoch Investment Partners Inc. cut its stake in The Bancorp, Inc. (NASDAQ:TBBK – Free Report) by 92.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,930 shares of the bank’s stock after selling 176,312 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Bancorp were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Hilton Head Capital Partners LLC purchased a new stake in Bancorp in the 4th quarter valued at $27,000. Lazard Asset Management LLC bought a new stake in shares of Bancorp in the 2nd quarter worth $53,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after purchasing an additional 659 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Bancorp in the third quarter valued at about $66,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Bancorp during the fourth quarter valued at about $68,000. Institutional investors own 96.22% of the company’s stock.

Bancorp Stock Performance NASDAQ:TBBK opened at $66.98 on Monday. The company has a market capitalization of $2.79 billion, a P/E ratio of 13.03 and a beta of 1.19. The business has a fifty day simple moving average of $59.86 and a two-hundred day simple moving average of $59.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88. The Bancorp, Inc. has a 1 year low of $50.20 and a 1 year high of $81.65.

Bancorp (NASDAQ:TBBK – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. Bancorp had a return on equity of 30.56% and a net margin of 26.92%.The firm had revenue of $132.50 million for the quarter, compared to analysts’ expectations of $189.17 million. On average, analysts expect that The Bancorp, Inc. will post 5.95 earnings per share for the current year.

Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on TBBK shares. Weiss Ratings raised shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods raised Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the company from $72.00 to $77.00 in a report on Thursday, July 9th. Zacks Research raised Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, Bank of America reissued a “buy” rating on shares of Bancorp in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.40.

Read Our Latest Analysis on Bancorp

Insider Transactions at Bancorp In other news, EVP Erika R. Caesar sold 4,470 shares of Bancorp stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.28, for a total value of $269,451.60. Following the completion of the transaction, the executive vice president owned 32,880 shares in the company, valued at $1,982,006.40. This trade represents a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Maria Wainwright sold 8,400 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total value of $506,016.00. Following the completion of the transaction, the chief marketing officer directly owned 24,942 shares of the company’s stock, valued at $1,502,506.08. The trade was a 25.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.00% of the stock is owned by company insiders.

About Bancorp (Free Report)

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.

Read More Five stocks we like better than Bancorp RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit

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Posted by Defense World Staff on Jul 27th, 2026

Caxton Associates LLP bought a new stake in Axsome Therapeutics, Inc. (NASDAQ:AXSM – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,311 shares of the company’s stock, valued at approximately $729,000.

Other hedge funds have also made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Axsome Therapeutics during the 4th quarter worth approximately $31,000. Hollencrest Capital Management lifted its holdings in Axsome Therapeutics by 400.0% in the first quarter. Hollencrest Capital Management now owns 200 shares of the company’s stock valued at $34,000 after acquiring an additional 160 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Axsome Therapeutics in the fourth quarter worth approximately $37,000. Advisory Services Network LLC purchased a new position in Axsome Therapeutics in the third quarter worth approximately $40,000. Finally, GAMMA Investing LLC grew its position in Axsome Therapeutics by 65.4% in the fourth quarter. GAMMA Investing LLC now owns 268 shares of the company’s stock worth $49,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 81.49% of the company’s stock.

Wall Street Analyst Weigh In A number of equities research analysts have commented on the company. Oppenheimer set a $280.00 target price on Axsome Therapeutics in a research report on Monday, May 4th. Robert W. Baird increased their price target on Axsome Therapeutics from $241.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Piper Sandler reiterated an “overweight” rating and set a $258.00 price target on shares of Axsome Therapeutics in a report on Monday, May 4th. BMO Capital Markets assumed coverage on Axsome Therapeutics in a research report on Monday, July 20th. They set an “outperform” rating and a $310.00 price objective for the company. Finally, Royal Bank Of Canada boosted their price objective on shares of Axsome Therapeutics from $302.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Axsome Therapeutics has a consensus rating of “Moderate Buy” and a consensus price target of $261.48.

Get Our Latest Analysis on Axsome Therapeutics

Insider Activity at Axsome Therapeutics In other news, Director Susan Mahony sold 300 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $237.21, for a total transaction of $71,163.00. Following the sale, the director owned 1,129 shares of the company’s stock, valued at approximately $267,810.09. This represents a 20.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mark Coleman sold 6,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $230.30, for a total transaction of $1,381,800.00. Following the sale, the director directly owned 35,140 shares in the company, valued at $8,092,742. This represents a 14.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 155,852 shares of company stock worth $37,230,112 over the last ninety days. Company insiders own 20.60% of the company’s stock.

Axsome Therapeutics Price Performance NASDAQ:AXSM opened at $241.00 on Monday. Axsome Therapeutics, Inc. has a 52 week low of $96.09 and a 52 week high of $260.19. The stock’s fifty day moving average is $239.25 and its two-hundred day moving average is $200.80. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of -64.61 and a beta of 0.60. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 2.27.

Axsome Therapeutics (NASDAQ:AXSM – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported ($1.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.41). The firm had revenue of $191.20 million during the quarter, compared to analyst estimates of $191.10 million. Axsome Therapeutics had a negative net margin of 26.59% and a negative return on equity of 267.16%. The firm’s revenue was up 57.4% compared to the same quarter last year. Research analysts anticipate that Axsome Therapeutics, Inc. will post -2.45 EPS for the current year.

Axsome Therapeutics Profile (Free Report)

Axsome Therapeutics, Inc is a clinical-stage biopharmaceutical company dedicated to developing novel therapies for central nervous system (CNS) disorders. The company focuses on small-molecule drugs designed to address unmet medical needs in areas such as depression, migraine, narcolepsy and fibromyalgia. Axsome employs a precision medicine approach, leveraging pharmacologic innovation to target underlying mechanisms of disease and improve patient outcomes.

Axsome’s pipeline includes several late-stage and approved product candidates.

Read More Five stocks we like better than Axsome Therapeutics RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding AXSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axsome Therapeutics, Inc. (NASDAQ:AXSM – Free Report).

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