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52-Week Range$52.28▼
$84.76Dividend Yield2.15%
P/E Ratio38.25
Price Target$81.57
Nike’s NYSE: NKE turnaround has been brewing for several quarters and may now be at hand. The FQ1 report revealed green shoots despite ongoing headwinds and aligns with an outlook for additional improvement, a return to growth, and a rebound in share prices. The question is whether the rebound is sustainable and if the stock is a good buy in October.
Nike’s Win Now plan has the business returning to its roots. The plan focuses on the core markets: North America, wholesale, and Running. The green shoots are most visible in the product mix, which includes a 7% increase in wholesale sales offset by a 4% decline in direct sales.
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The only bad news is that wholesales come with narrower margins, as also seen in the report; however, this is a more sustainable margin and one sufficient to sustain financial health and capital returns. Capital returns in 2025 include a 2.3% dividend yield, a positive outlook for distribution growth, and share buybacks.
Nike’s Turnaround Exceeds Expectations in FQ1
Nike had a decent Q1 with revenue growing by nearly 1.0% and outpacing MarketBeat’s reported consensus by 650 basis points. The strength was driven by the core Nike brand, which grew by 2% to offset a 27% contraction in Converse sales. Converse sales were reported to be weak across all markets. Nike brand sales were mixed, but footwear sales declined by only 1%, offset by a 9% increase in Apparel and a 4% gain in Equipment.
The margin news is also mi
xed, with the gross margin contracting by more than 300 basis points. The offsets include the impact of discounts and tariffs, as well as the channel mix, and an expectation for margin recovery over time. The net result is adjusted EPS of 49 cents, which nearly doubles the consensus target, and optimistic guidance that may be viewed as ultra-cautious. The company is forecasting a revenue decline for Q2, cautioning that its revenue, margins, and regional strengths will recover at different paces, resulting in a lumpy recovery on its path to 20% running-business growth.
Analysts' Sentiment Aligns With Nike’s Bottoming Process
NIKE Stock Forecast Today12-Month Stock Price Forecast:
$81.57
9.90% Upside
Moderate Buy
Based on 34 Analyst Ratings
Current Price$74.22High Forecast$115.00Average Forecast$81.57Low Forecast$58.00NIKE Stock Forecast Details
The analyst sentiment trends align with Nike’s bottoming process. The group of 33 tracked by MarketBeat rates the stock as a Moderate Buy with bullish bias. The bullish bias is significant, with 70% of the ratings pegged as Buy, no sell ratings, and sentiment firming over the past two quarters.
The consensus price target is also significant, rising in early October after having trended lower for several quarters, indicating a rebound in sentiment is underway.
The first revisions tracked by MarketBeat align with the rebound, including comments to the effect that the Q1 report is a relief, showing strengths in key areas, with positives outweighing the negatives. The consensus is that this company is on track to regain business momentum and create shareholder value over time.
Keybanc analyst Randal Konik says the firm would aggressively buy at early October valuations. Institutions are likewise buying aggressively, accumulating shares at a pace of approximately $2 to $1 versus sellers in each of the first three quarters of 2025.
Nike Stock Is Bottoming in 2025
Nike’s 2025 price action aligns with a market bottom. The stock price advanced by 5% following the FQ1 earnings release and is on track to retest long-term highs soon. A move to new highs aligns with a Head & Shoulders pattern, creating the second shoulder, setting the market up for a move to new highs.
In this scenario, the NKE stock price could advance to the $90 range by year’s end and potentially rise higher over the longer term as turnaround efforts gain momentum.
Should You Invest $1,000 in NIKE Right Now?Before you consider NIKE, you'll want to hear this.
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2025-10-02 21:302mo ago
2025-10-02 17:182mo ago
V.F. Corporation (VFC) Shareholders Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to V.F. Corporation ("VFC" or the "Company") (NYSE: VFC) have opportunity to lead the securities fraud class action lawsuit.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN V.F. CORPORATION (VFC), CLICK HERE BEFORE NOVEMBER 12, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between October 30, 2023 and May 20, 2025, Defendants failed to disclose to investors that: (1) additional significant reset actions would be necessary to return the Vans brand to growth, resulting in significant setbacks to Vans' revenue growth trajectory which were neither contemplated nor cautioned by Defendants comments on Reinvent or the Vans turnaround progress, specifically; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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2025-10-02 21:302mo ago
2025-10-02 17:182mo ago
Tesla Is Sued by Families Who Say Faulty Cybertruck Doors Led to Two Deaths
NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (NYSE: GETY) (“Getty Images”) announced today the early results of the previously announced offer by Getty Images, Inc. (the “Issuer”), an indirect wholly owned subsidiary of Getty Images, to exchange (the “Exchange Offer”) any and all of the Issuer’s issued and outstanding unsecured 9.750% Senior Notes due 2027 (the “Old Notes”) for newly issued unsecured 14.000% Senior Notes due 2028 (the “New Notes”) of the Issuer and the related solicitation of consents (the “Consent Solicitation”) to certain proposed amendments to the terms of the indenture governing the Old Notes. The Exchange Offer and Consent Solicitation have been made pursuant to the terms of and subject to the conditions set forth in a confidential Offering Memorandum and Consent Solicitation Statement, dated September 18, 2025 (the “Offering Memorandum”).
Further, the Issuer announced today that the requisite consents (the “Requisite Consents”) to adopt the proposed amendments (the “Proposed Amendments”) described in the Offering Memorandum to the indenture governing the Old Notes (as supplemented by the first and second supplemental indentures thereto the “Old Notes Indenture”) have been received. As a result, the Issuer, Wilmington Trust, National Association, in its capacity as trustee under the Old Notes Indenture and each of the guarantors party thereto will promptly enter into a third supplemental indenture to the Old Notes Indenture containing the Proposed Amendments.
The supplemental indenture containing the Proposed Amendments will be effective upon execution by the parties thereto but will not become operative unless and until the Old Notes that are validly tendered (and not validly withdrawn) by Eligible Holders (as defined in the Offering Memorandum) have been accepted for exchange and paid for by the Issuer in accordance with the terms of the Exchange Offer and Consent Solicitation.
Eligible Holders of Old Notes may not deliver consents to the Proposed Amendments in the Consent Solicitation without tendering Old Notes in the Exchange Offer, and may not tender Old Notes in the Exchange Offer without delivering consents to the Proposed Amendments in the Consent Solicitation. The consent results are based on valid tenders of Old Notes by Eligible Holders thereof, which are deemed also to constitute the delivery of consents in the Consent Solicitation made by the Issuer to adopt the Proposed Amendments.
According to Accuratus Tax and CA Services LLC, using the commercial names “Bondholder Communications Group” or “BondCom”, the information and exchange agent for the Exchange Offer and Consent Solicitation (the “Information and Exchange Agent”), as of 5:00 p.m., New York City time, on October 1, 2025 (the “Early Tender Time” and the “Withdrawal Deadline”), the principal amount of Old Notes set forth in the table below had been validly tendered and not validly withdrawn (and consents thereby deemed validly given and not validly revoked) in the Exchange Offer and the Consent Solicitation:
Title of Series (Old Notes)CUSIP / ISIN Nos. of Old NotesAggregate Principal
Amount OutstandingOld Notes Tendered and Consents Delivered
at Early Tender Time Principal AmountPercentage9.750% Senior Notes due 2027144A CUSIP: 374276AJ2
144A ISIN: US374276AJ21
Reg S CUSIP: U3742LAA5
Reg S ISIN: USU3742LAA53 $300,000,000$294,665,000 98.22% Eligible Holders that validly tendered (and did not validly withdraw) their Old Notes in the Exchange Offer, and validly delivered (and did not validly revoke) the related consents to the Proposed Amendments in the Consent Solicitation at or prior to the Early Tender Time and the Withdrawal Deadline, as applicable, and whose Old Notes are accepted for exchange by the Issuer, will be entitled to receive the Total Consideration (as defined in the Offering Memorandum) and accrued and unpaid interest from the last interest payment date to, but not including, the settlement date of the Exchange Offer, for their Old Notes that were validly tendered (and not validly withdrawn) in the Exchange Offer and accepted for exchange by the Issuer, subject to the terms and conditions contained in the Offering Memorandum. The Total Consideration consists of $1,000 principal amount of New Notes, which includes an Early Tender Premium of $50 principal amount of New Notes, per $1,000 principal amount of Old Notes tendered (and not validly withdrawn) in the Exchange Offer and accepted for exchange by the Issuer. The Total Consideration will be paid in New Notes and the accrued and unpaid interest will be paid in cash by the Issuer on the settlement date of the Exchange Offer. We expect to settle the Exchange Offer and issue the New Notes on October 21, 2025.
Copies of the Offering Memorandum may be obtained from the Information and Exchange Agent by phone at +1 (212) 809-2663 or by e-mail at [email protected].
No Offer or Solicitation
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the New Notes. The Exchange Offer and Consent Solicitation is only being made pursuant to the Offering Memorandum. The Exchange Offer is not being made to holders of Old Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
No Registration
The New Notes will not be registered under the Securities Act, or any other applicable securities laws and, unless so registered, the New Notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the New Notes are being offered and issued only (i) to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (ii) to non-“U.S. persons” who are outside the United States (as defined in Regulation S under the Securities Act).
Forward Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity, the entry into the third supplemental indenture and implementation of the Proposed Amendments, the settlement of the Exchange Offer and Consent Solicitation, the acceptance by the Issuer of validly tendered (and not validly withdrawn) Old Notes, the issuance of the New Notes and the payment of the Total Consideration and accrued and unpaid interest. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Getty Images and the Issuer and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Getty Images and the Issuer.
These forward-looking statements are subject to a number of risks and uncertainties, including: the risks and uncertainties associated with the Exchange Offer, the risk of termination of the Exchange Offer and any adverse effects on Getty Images and the Issuer of any such termination and other risks and uncertainties identified in “Item 1A. Risk Factors” of Getty Images’ most recently filed Annual Report on Form 10-K (the “2024 Form 10-K”). If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
These and other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described under the heading “Item 1A Risk Factors” in the 2024 Form 10-K and in our other filings with the SEC. The risks described under the heading “Item 1A Risk Factors” in the 2024 Form 10-K and other filings with the SEC are not exhaustive. New risk factors emerge from time to time and it is not possible to predict all such risk factors, nor can Getty Images or the Issuer assess the impact of all such risk factors on their business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. All forward looking statements attributable to Getty Images or the Issuer or persons acting on their behalf are expressly qualified in their entirety by the foregoing cautionary statements. Getty Images and the Issuer undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
In addition, the statements of belief and similar statements reflect the beliefs and opinions of Getty Images and the Issuer on the relevant subject. These statements are based upon information available to Getty Images and the Issuer, as applicable, as of the date of this press release, and while they believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and statements should not be read to indicate that Getty Images and the Issuer have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and you are cautioned not to unduly rely upon these statements.
About Getty Images
Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with almost 600,000 content creators and more than 355 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography.
Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end-to-end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for.
For company news and announcements, visit our Newsroom.
Key Takeaways
SoFi Technology said it is adding new options products for its customers, with zero commissions and no contract fees.The company said it made the move in response to demand for more offerings.
SoFi Technology (SOFI) wants to make it easier to trade options for its customers.
The digital financial services provider said Thursday it has started rolling out so-called "level 1" options—which are designed for beginners—for its SoFi Invest members, including covered calls and cash-secured puts, in addition to the level 2 strategies already available.
The new offerings come with no commissions or contract fees, and SoFi said it will provide built-in educational resources to help members understand how they work. SoFi said users will be able to apply for approval in the company's app, and that it plans to make the feature available to all eligible members in the coming weeks.
Why This Matters
By eliminating fees and adding educational tools, SoFi is lowering some barriers to options trading for its customers. However, options trading can be riskier than trading stocks, and SoFi warned it may not be suitable for everyone.
A number of SoFi's competitors, including Charles Schwab (SCHW) and Fidelity, already offer level 1 options trading.
"By expanding access to options trading and embedding education directly into the experience, members can responsibly diversify their strategies and pursue their long-term financial goals with confidence," SoFi CEO Anthony Noto said in a statement.
SoFi, which said it made the move in response to growing customer demand, added it expects to offer “additional options levels and strategies, options trading in IRAs, and zero day to expiration contracts" in the future.
Shares of SoFi rose around 1% Thursday and have gained close to 70% year-to-date.
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2025-10-02 21:302mo ago
2025-10-02 17:212mo ago
Puma Biotechnology Reports Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
LOS ANGELES--(BUSINESS WIRE)--Puma Biotechnology reported the grant of one inducement award to a new hire in Sept. 2025, as required by Nasdaq Listing Rule 5635(c)(4).
2025-10-02 21:302mo ago
2025-10-02 17:222mo ago
Transition Metals Corp. Closes Previously Announced Private Placement
October 02, 2025 5:22 PM EDT | Source: Transition Metals Corp.
Sudbury, Ontario--(Newsfile Corp. - October 2, 2025) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering"). The Offering consisted of 10,108,439 critical flow through shares ("CFT Shares") at a price of $0.075 per CFT Share for aggregate proceeds of $758,133.
A finder's fee was paid in connection with the Offering to finders that included Haywood Securities Inc., Castlewood Capital Corporation and Accilent Capital Management Inc. (collectively the "Finders"), that consisted of a cash fee in the aggregate amount of $30,675.48 representing an aggregate commission of 6% of the CFT Shares sold to investors introduced by the Finders. In addition, a total of 409,006 broker warrants ("Broker Warrants") were issued to the Finders, representing an aggregate commission of 6% of the CFT Shares sold to investors introduced by the Finders. Each Broker Warrant entitles the Finders to purchase one common share ("Common Share") in the capital of the Company at a price of $0.12 per Common Share for a period of 18 months from closing of the Offering.
Proceeds from the CFT Shares issued in connection with the Offering will be used to explore and advance critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au-AgCu).
Certain officers and directors of the Company participated in the Offering, which constitutes a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the valuation and minority approval requirements of MI 61-101 by virtue of the fact that the Company is not listed on a specified market set out in section 5.5(b) of MI 61-101 and the value of CFT Shares subscribed for by such officers and directors is less than $2,500,000 in accordance with the requirements of section 5.7(b) of MI 61-101.
Issuance of Stock Options, Deferred Share Units and Restricted Share Units
The Company also reports that it has issued 1,950,000 stock options ("Options"), 500,000 Restricted Share Units ("RSU") and 1,000,000 Deferred Share Units ("DSU") to certain directors, officers and employees of the Company and in accordance with the Company's approved Omnibus Equity Incentive Compensation Plan. The Options can be converted to Common Shares at an exercise price of $0.08 per share for a 5 year period. RSU's vest within 3 years and DSU vest upon the loss of office for the holder.
About Transition Metals Corp
Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 677-1777
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268965
2025-10-02 21:302mo ago
2025-10-02 17:242mo ago
Dow Inc. (DOW) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Dow Inc. ("Dow" or the "Company") (NYSE: DOW) have opportunity to lead the securities fraud class action lawsuit.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN DOW INC. (DOW), CLICK HERE BEFORE OCTOBER 28, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between January 30, 2025 and July 23, 2025, Defendants failed to disclose to investors that: (1) Dow's ability to mitigate macroeconomic and tariff-related headwinds, as well as to maintain the financial flexibility needed to support its lucrative dividend, was overstated; (2) the true scope and severity of the foregoing headwinds' negative impacts on Dow's business and financial condition was understated, particularly with respect to competitive and pricing pressures, softening global sales and demand for the Company's products, and an oversupply of products in the Company's global markets; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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2025-10-02 21:302mo ago
2025-10-02 17:252mo ago
Nutex Health Inc. (NUTX) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Nutex Health Inc. ("Nutex" or the "Company") (NASDAQ: NUTX) have opportunity to lead the securities fraud class action lawsuit.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN NUTEX HEALTH INC. (NUTX), CLICK HERE BEFORE OCTOBER 21, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between August 8, 2024 and August 14, 2025, Defendants failed to disclose to investors that: (1) HaloMD was achieving lucrative arbitration results for Nutex by engaging in a coordinated scheme to defraud insurance companies; (2) as a result, to the extent that they were the product of fraudulent conduct, revenues attributable to the Company's engagement with HaloMD in the IDR process were unsustainable; (3) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (4) as a result, the Company was unable to effectively account for the treatment of certain of its stock based compensation obligations; (5) as a result, Nutex improperly calculated these stock based compensation obligations as equity rather than liabilities; (6) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the SEC; (7) accordingly, Nutex's business and/or financial prospects were overstated; and (8) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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Key Takeaways
Shares of credit score Fair Isaac soared on Thursday, Oct. 2, 2025, as it said it would provide data more directly to lenders. Shares of competing credit bureaus lost ground.
An increase in cryptocurrency prices helped lift shares of crypto exchange operator Coinbase.Shares of Occidental Petroleum fell as the company confirmed a deal to sell part of its business to Warren Buffett's Berkshire Hathaway.
Shares of a data analytics firm took off after the company said it would provide its consumer credit scores directly to firms that give credit reports to mortgage lenders. The move pressured the credit bureaus that also evaluate potential borrowers.
Major U.S. equities indexes ticked higher Thursday. Outperformance from materials and technology stocks offset declines in most sectors as investors continued to weigh the implications of a government shutdown. The S&P 500 added less than 0.1%, while the Dow and the Nasdaq were up 0.2% and 0.4%, respectively. See here to read Investopedia's full coverage of the day's trading.
Warren Buffet's Berkshire Hathaway (BRK.A, BRK.B) confirmed a nearly $10 billion deal to acquire the petrochemical division of Occidental Petroleum (OXY). The transaction marks Berkshire's largest deal since 2022. Shares of Occidental Petroleum fell 7.3%, while Berkshire Hathaway shares posted fractional losses.
Fair Isaac (FICO) shares surged 18%, notching the top performance in the S&P 500, after the data analytics company said it would offer its FICO consumer credit scores directly to firms that sell consolidated credit reports to mortgage providers. The data provider said the move would reduce the reliance on the three nationwide credit bureaus, and shares of the credit bureaus moved lower. Equifax (EFX) shares were down 8.5%, falling the most of any S&P 500 stock, while TransUnion (TRU) shares dropped nearly 11%.
The prices of bitcoin (BTCUSD) and other major cryptocurrencies extended their recent revival. Shares of Coinbase Global (COIN), operator of the largest U.S. crypto exchange, jumped 7.5%, while of online brokerage Robinhood Markets (HOOD), which also offers crypto trading, added 4.1%. Robinhood CEO Vlad Tenev at a conference predicted that the "tokenization" of real-world assets, including stocks, would have a major impact on global financial markets.
Intel (INTC) shares gained 3.8% in the wake of recent reports that Advanced Micro Devices (AMD) is in early talks to become a customer of Intel's foundry business. Intel stock has doubled in value since reaching its year-to-date low in April, boosted by a series of high-profile investments from Nvidia (NVDA), SoftBank (SFTBY), and the U.S. government.
Shares of the renewable energy provider AES Corp. (AES) sank 7%. The downturn reversed some of the gains posted in the previous session amid reports that Global Infrastructure Partners, owned by BlackRock (BLK), was in advanced negotiations about a potential acquisition of AES, which has signed deals with several tech firms to power artificial intelligence data centers.
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2025-10-02 21:302mo ago
2025-10-02 17:282mo ago
Big 5 Sporting Goods Corporation Completes Merger With a Partnership Comprised of Worldwide Golf and Capitol Hill Group
EL SEGUNDO, Calif. and BETHESDA, Md., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (“Big 5”), a leading sporting goods retailer, today announced the successful completion of its previously announced merger with a partnership comprised of Worldwide Golf and Capitol Hill Group. Upon the satisfaction of customary closing conditions, including the approval of Big 5’s stockholders, the merger was consummated, with Big 5 surviving the merger as a wholly owned subsidiary of such partnership.
Pursuant to the definitive merger agreement and subject to the terms and satisfaction of its conditions, Big 5 stockholders are entitled to receive $1.45 per share in cash. This represents a premium of approximately 36% to Big 5’s 60-day volume weighted average trading price prior to the transaction’s announcement.
“This transaction marks an exciting new chapter for Big 5 that allows the company to carry on its legacy of serving customers with quality sporting goods at an exceptional value while maximizing return for our stockholders,” said Steven G. Miller, Chairman, President and Chief Executive Officer of Big 5. “I want to thank our dedicated employees, loyal customers and valued vendors who continue to support Big 5 in each of the communities we serve.”
Worldwide Golf is a leading nationwide retailer of golf equipment, apparel, shoes and accessories. Capitol Hill Group is a Bethesda, Maryland-based private investment firm with diversified holdings, including retail. This acquisition combines Capitol Hill Group’s financial resources with Worldwide Golf’s specialty retail expertise to provide Big 5 with the long-term capital and strategic support to re-energize growth and further build on its competitive position in the sporting goods retail sector across its western United States footprint.
“Big 5 has a long and rich retail heritage in the Western United States,” said Ted Shin, CEO of Worldwide Golf and Capitol Hill Group. “We believe there is a great opportunity to build off of that legacy and enhance the enjoyment in sports for our current and future customers and communities. We look forward to unlocking future growth opportunities for Big 5 for the benefit of our customers, vendor partners and employees.”
In connection with the closing of the merger, Big 5’s common stock will no longer be listed on the Nasdaq Stock Exchange, and Big 5 will cease to be a publicly traded company. Big 5 will remain an independent company within the Capitol Hill Group portfolio and leverage the combined resources of the partnership.
Moelis & Company LLC served as financial advisor and Latham & Watkins LLP served as legal advisor to Big 5. Skadden, Arps, Slate, Meagher & Flom LLP, Holland & Knight LLP, and Sklar Kirsh LLP served as legal advisors to Capitol Hill Group and its related entities.
About Big 5 Sporting Goods Corporation
Big 5 is a leading sporting goods retailer in the western United States, currently operating 410 stores under the “Big 5 Sporting Goods” name. Big 5 provides a full-line product offering in a traditional sporting goods store format that averages 12,000 square feet. Big 5’s product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation.
About Worldwide Golf
Worldwide Golf is a leading golf retailer in the United States and Canada. Serving golfing communities since 1963, the company has grown from 1 retail store in San Diego to 95+ stores across 25 states and built a complementary e-commerce presence through multiple e-commerce sites, including worldwidegolfshops.com, globalgolf.com, fairwaystyles.com, coolclubs.com and getclubs.com, among others. The company operates under multiple regional sub-brands, including Roger Dunn Golf Shops, Edwin Watts Golf Shops, Golfers’ Warehouse, The Golf Mart, Van’s Golf Shops, Uinta Golf, Las Vegas Golf Superstore, Bobick’s, Global Golf Outlet, Mike’s Golf Outlet, Cool Clubs and Golfdom. Over its multiple decades, Worldwide Golf has gained a loyal following with golf enthusiasts and maintained a dominant position in the marketplace.
About Capitol Hill Group
Capitol Hill Group is a private investment firm founded in 1992 and is based in Bethesda, Maryland. The firm invests across various stages of company growth from early-stage venture to public equities. The firm currently has private investments in various sectors, including brick and mortar retail, e-commerce, apparel, logistics and real estate.
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the federal securities laws, including safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this communication that do not relate to matters of historical fact should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “approach,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “goal,” “intend,” “look,” “may,” “mission,” “plan,” “possible,” “potential,” “predict,” “project,” “pursue,” “should,” “target,” “will,” “would,” or the negative thereof and similar words and expressions.
Forward-looking statements are based on Big 5, Worldwide Golf and Capitol Hill Group’s management’s current expectations, estimates, projections, beliefs and assumptions made by Big 5, Worldwide Golf and Capitol Hill Group, all of which are subject to change. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond Big 5, Worldwide Golf and Capitol Hill Group’s control, and are not guarantees of future results. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements and you should not place undue reliance on any such statements, and caution must be exercised in relying on forward-looking statements. The following factors could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: (i) the failure to realize the anticipated benefits of the merger; (ii) the effect of the merger on Big 5, Worldwide Golf or Capitol Hill Group’s ability to retain and hire key personnel, or their respective operating results and business generally; (iii) there may be liabilities related to the merger that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (iv) the merger may result in the diversion of Big 5, Worldwide Golf or Capitol Hill Group’s management’s time and attention to issues relating to the merger; (v) there may be significant transaction costs in connection with the merger; (vi) legal proceedings or regulatory actions may be instituted against Big 5, Worldwide Golf or Capitol Hill Group following the merger, which may have an unfavorable outcome; (vii) the ability of Worldwide Golf and Capitol Hill Group to integrate and implement their respective plans, forecasts and other expectations with respect to Big 5’s business as a result of the completed transaction and realize additional opportunities for growth and innovation; (viii) Big 5, Worldwide Golf and Capitol Hill Group’s ability to implement their respective business strategies; (ix) the risks related to Worldwide Golf and Capitol Hill Group’s financing of the transaction; and (x) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities or current or future pandemics or epidemics, as well as Big 5, Worldwide Golf and Capitol Hill Group’s response to any of the aforementioned factors. In addition, a number of other important factors could cause Big 5’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors discussed under the headings “Forward-Looking Statements,” “Risk Factors” and other sections of Big 5’s Annual Report on Form 10-K for its fiscal year ended December 29, 2024, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings made by Big 5, each as filed with the Securities and Exchange Commission (“SEC”). These risks should not be considered a complete statement of all potential risks and uncertainty, and are discussed more fully, along with other risks associated with the transaction, in Big 5’s filings with the SEC. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.
All forward-looking statements are expressly qualified in their entirety by such factors. Except as required by law, Big 5 does not undertake any obligation to publicly update or review any forward-looking statement, whether because of new information, future developments or otherwise. These forward-looking statements should not be relied upon as representing Big 5’s views as of any date subsequent to the date of this communication.
Contact:
Big 5 Sporting Goods Corporation
Barry Emerson
Executive Vice President and Chief Financial Officer
(310) 536-0611
Investor Relations - ICR, Inc.
Jeff Sonnek
Managing Director
(646) 277-1263
Capitol Hill Group
Main Office
(202) 543-4212
2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
AZZ Inc. Announces Fiscal Year 2026 Second Quarter Cash Dividend
, /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors has authorized a second quarter cash dividend in the amount of $0.20 per share on the Company's outstanding shares of common stock. The dividend is payable on November 6, 2025, to shareholders of record as of the close of business on October 16, 2025.
While AZZ currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends will be reviewed on an individual basis and declared by the Board of Directors at its discretion. AZZ remains committed to enhancing shareholder value based upon its consideration of various factors, including operating results, financial condition, and business outlook at the applicable time.
About AZZ Inc.
AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life.
Safe Harbor Statement
Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction markets, the industrial markets, and the metal coatings markets. We could also experience additional increases in labor costs, components and raw materials including zinc and natural gas, which are used in our hot-dip galvanizing process, paint used in our coil coating process; supply-chain vendor delays; customer requested delays of our manufactured solutions; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as inflation or changes in the political stability in the United States and other foreign markets in which we operate; tariffs; acts of war or terrorism inside the United States or abroad; and other changes in economic and financial conditions. AZZ has provided additional information regarding risks associated with the business, including in Part I, Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov.
You are urged to consider these factors carefully when evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contact:
David Nark, Chief Marketing, Communications, and Investor Relations Officer
AZZ Inc.
(817) 810-0095
www.azz.com
Investor Contact:
Sandy Martin, Phillip Kupper
Three Part Advisors
(214) 616-2207
www.threepa.com
SOURCE AZZ, Inc.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Select Medical Holdings Corporation to Announce Third Quarter 2025 Results on Thursday, October 30, 2025
, /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its third quarter ended September 30, 2025 on Thursday, October 30, 2025 after the market closes.
Select Medical will host a conference call regarding its third quarter results, as well as its business outlook, on Friday, October 31, 2025, at 9:00am ET. The conference call will be a live webcast and can be accessed at via this Earnings Call Webcast Link or via link at Select Medical Holdings Corporation's website at www.selectmedicalholdings.com. A replay of the webcast will be available shortly after the call through the same link.
For listeners wishing to dial-in via telephone, or participate in the question and answer session, you may pre-register for the call at Select Medical Earnings Call Registration to obtain your dial-in number and unique passcode for the call.
Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States based on the number of facilities. Select Medical's reportable segments include the critical illness recovery hospital segment, the rehabilitation hospital segment, and the outpatient rehabilitation segment. As of June 30, 2025, Select Medical operated 104 critical illness recovery hospitals in 29 states, 36 rehabilitation hospitals in 14 states, and 1,919 outpatient rehabilitation clinics in 39 states and the District of Columbia. At June 30, 2025, Select Medical had operations in 40 states and the District of Columbia. Information about Select Medical is available at www.selectmedical.com.
Investor inquiries:
Joel T. Veit
Senior Vice President and Treasurer
717-972-1100
[email protected]
SOURCE Select Medical Holdings Corporation
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Grand Canyon Education, Inc. Announces Third Quarter 2025 Earnings Release Date and Conference Call Details
, /PRNewswire/ -- Grand Canyon Education, Inc. (Nasdaq:LOPE) announced today that it will report its 2025 third quarter results after market close on Wednesday, November 5, 2025. The Company will host a conference call to discuss the results in more detail at 2:30 P.M. (4:30 P.M. ET) the same day.
Live Conference Dial-In:
Those interested in participating in the question-and-answer session should follow the conference dial-in instructions below.
Participants may register for the call here to receive the dial-in numbers and unique PIN to access the call seamlessly.
Please dial in at least ten minutes prior to the start of the call. Journalists are invited to listen only.
Webcast and Replay:
Investors, journalists and the general public may access a live webcast of this event at: Q3 2025 Grand Canyon Education Inc. Earnings Conference Call. A webcast replay will be available approximately two hours following the conclusion of the call at the same link.
About Grand Canyon Education, Inc.
Grand Canyon Education (GCE), incorporated in 2008, is a publicly traded education services company that currently provides services to 20 university partners. GCE is uniquely positioned in the education services industry in that its leadership has 30 years of proven expertise in providing a full array of support services in the post-secondary education sector and has developed significant technological solutions, infrastructure and operational processes to provide superior service in these areas on a large scale. GCE provides services that support students, faculty and staff of partner institutions such as marketing, strategic enrollment management, counseling services, financial services, technology, technical support, compliance, human resources, classroom operations, curriculum development, faculty recruitment and training, among others. For more information about Grand Canyon Education, Inc. visit the Company's website at www.gce.com.
Contact:
Daniel E. Bachus
Chief Financial Officer
Grand Canyon Education, Inc.
602-639-6648
[email protected]
SOURCE Grand Canyon Education, Inc.
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, /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and Miguel Rodriguez, Chief Financial Officer, Wednesday, October 29, 2025 at 10:00 a.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2025. Nabors will release earnings after the market closes on October 28, 2025.
Date:
October 29, 2025
Time:
10:00 a.m. CT (11:00 a.m. ET)
Dial-in-number(s):
US Toll Free:
(888) 317-6003
Canada Toll Free:
(866) 284-3684
International:
(412) 317-6061
Participant Elite Entry Number:
8499486
Please call ten to fifteen minutes ahead of time to ensure proper connection.
The conference call will be recorded and available for replay for one week, until 4:00 p.m. CT on November 5, 2025. To hear the recording, please call (877) 344-7529 in North America or (412) 317-0088 internationally and enter Conference Replay Entry Number: 9724612.
Nabors will have a live audio webcast of the conference call available on its website at, www.nabors.com. To join the webcast, navigate to the Investor Relations page and then select Events Calendar. An electronic version of the earnings release and, if applicable, a supplemental presentation also will be available to download from the website.
About Nabors
Nabors Industries is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower-carbon world. Learn more about Nabors and its energy technology leadership: www.nabors.com.
Investor Contacts
For further information regarding Nabors, please contact William C. Conroy, CFA, Vice President of Corporate Development & Investor Relations, via email at [email protected] or Kara K. Peak, Director of Corporate Development & Investor Relations, via email at [email protected]. To request investor materials, contact Nabors' corporate headquarters in Hamilton, Bermuda at +1 441-292-1510 or via email at [email protected].
Related Links
www.nabors.com
SOURCE Nabors Industries Ltd.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Martin Marietta Receives Regulatory Approvals for Quikrete Asset Exchange
RALEIGH, N.C., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), today announced that it has received all necessary regulatory approvals for its previously announced asset exchange with Quikrete Holdings, Inc. (Quikrete). The transaction is now expected to close in the fourth quarter of 2025, subject to customary closing conditions.
Under the terms of the agreement, Martin Marietta will acquire aggregates operations with annual production of approximately 20 million tons across Virginia, Missouri, Kansas and Vancouver, British Columbia, as well as $450 million in cash. In exchange, Quikrete will receive the Company’s Midlothian cement plant, associated cement terminals, and ready-mixed concrete assets in North Texas.
About Martin Marietta
Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive. Martin Marietta’s Specialties business provides high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.
This release contains forward-looking statements within the meaning of federal securities law. Statements and assumptions on future revenues, income and cash flows, performance and economic trends, are examples of forward-looking statements. Numerous factors could affect the Company’s forward-looking statements and actual performance.
Investors are cautioned that all forward-looking statements involve risks and uncertainties, and are based on assumptions that the Company believes in good faith are reasonable at the time the statements are made, but which may be materially different from actual results. Investors can identify these statements by the fact that they do not relate only to historical or current facts. The words “may”, “will”, “could”, “should”, “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “intend”, “outlook”, “plan”, “project”, “scheduled” and other words of similar meaning in connection with future events or future operating or financial performance are intended to identify forward-looking statements. Any or all of Martin Marietta’s forward-looking statements in this release and in other publications may turn out to be wrong.
Statements regarding the pending Quikrete transaction contain forward-looking statements that are subject to risks and uncertainties. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors including, but not limited to: the ability to satisfy closing conditions, transaction costs, integration challenges, market conditions, the impact of the pending transaction on the Company’s stakeholders, and other risks described in the Company’s Securities and Exchange Commission (SEC) filings.
You should consider these forward-looking statements in light of risk factors discussed in Martin Marietta’s Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic filings made with the SEC. All of the Company’s forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to the Company or that it considers immaterial could affect the accuracy of its forward-looking statements, or adversely affect or be material to the Company. The Company assumes no obligation to update any such forward-looking statements.
2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Global Ship Lease to Participate in Capital Link's 17th Annual New York Maritime Forum
ATHENS, Greece, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership owner and lessor, today announced that it will participate in Capital Link’s 17th Annual New York Maritime Forum (NYMF), taking place on Tuesday, October 14, 2025, at the Metropolitan Club in New York City. Management will also host 1x1 investor meetings throughout the conference.
Institutional investors interested in scheduling a meeting with Global Ship Lease management at the New York Maritime Forum may contact the event organizer, Capital Link, at [email protected] or submit their request here.
Global Ship Lease Presentations:
Mr. Thomas Lister, Chief Executive Officer, will speak on the Container Shipping Sector panel at 9:50 – 10:25 AM ET.Mr. George Youroukos, Executive Chairman, will speak on the Capital Markets panel at 11:35 – 12:15 PM ET. Registration for institutional investors is complimentary. Learn more and register here →
About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008.
Our fleet of 69 vessels as of June 30, 2025 had an average age weighted by TEU capacity of 17.7 years. 39 ships are wide-beam Post-Panamax.
As of June 30, 2025, the average remaining term of the Company’s charters, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.1 years on a TEU-weighted basis. Contracted revenue on the same basis was $1.73 billion. Contracted revenue was $2.23 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.8 years.
Investor and Media Contact:
IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438
2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Third Quarter 2025 Earnings
HOUSTON, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the third quarter of 2025 and also announced timing of third quarter 2025 earnings.
Third Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on November 14, 2025 to holders of the respective securities at the close of business on October 31, 2025:
PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in August 2025.PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2025.PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).
For its Series B Preferred Units, PAA announced a quarterly distribution of $21.93 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on November 17, 2025 to holders of record at the close of business on November 3, 2025.
Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.”
Third Quarter 2025 Earnings Timing
PAA and PAGP also announced that they will release third quarter 2025 earnings before market open on Wednesday, November 5, 2025. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the "Investors Relations” section of the website at www.plains.com. An audio replay will be available on the website after the call.
About Plains
PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles over nine million barrels per day of crude oil and NGL.
PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.
PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com.
ATLANTA--(BUSINESS WIRE)--Ameris Bancorp (NYSE: ABCB) (the “Company”) announced today that it intends to release its third quarter 2025 financial results in a press release after the market closes on Monday, October 27, 2025. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Tuesday, October 28, 2025 to discuss the Company's results and answer appropriate questions.
The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference call until November 4, 2025. To listen to the replay, dial 1-877-344-7529. The conference replay access code is 9368487. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.
About Ameris Bancorp
Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates financial centers in five southeastern states and serves consumer and business customers nationwide through select lending channels. Ameris manages $26.7 billion in assets as of June 30, 2025, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
New Mountain Finance Corporation Schedules its Third Quarter 2025 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended September 30, 2025, on Monday, November 3, 2025, after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, November 4, 2025. During the live conference call, the Company’s officers will review the third quarter performance, discuss recent events and conduct a question-and-answer session.
Third Quarter 2025 Conference Call Information
To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, please join at least fifteen minutes prior to the start of the call.
United States: +1 (877) 443-9109
International: +1 (412) 317-1082
Live Audio Webcast
Third Quarter 2025 Conference Call Replay Information
A replay of the conference call can be accessed one hour after the end of the conference call through February 4, 2026. The full webcast replay will be available through November 4, 2026. To access the earnings webcast replay, please visit the New Mountain Investor Relations website.
United States: +1 (877) 344-7529
International: +1 (412) 317-0088
Access Code: 1651694
ABOUT NEW MOUNTAIN FINANCE CORPORATION
New Mountain Finance Corporation (NASDAQ: NMFC) is focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. Our investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions to growing businesses in defensive industries that offer attractive risk-adjusted returns. Our differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with over $55 billion of assets under management.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain “forward-looking statements”, which relate to our future operations, future performance or our financial condition. Forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including changes in base interest rates and significant volatility on our business, portfolio companies, our industry and the global economy. Actual results and outcomes may differ materially from those anticipated in the forward-looking statements as a result of a variety of factors, including those described from time to time in our filings with the Securities and Exchange Commission or factors that are beyond our control. New Mountain Finance Corporation undertakes no obligation to publicly update or revise any forward-looking statements made herein, except as may be required by law. All forward-looking statements speak only as of the time of this press release.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
AXIS Capital to Release Third Quarter Financial Results on October 29, 2025
PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) today announced that it expects to release financial results for the third quarter ended September 30, 2025 on Wednesday, October 29, 2025 after the close of the financial markets.
Vince Tizzio, President and Chief Executive Officer, and Peter Vogt, Chief Financial Officer, will host an investor teleconference, including a question and answer period, on Thursday, October 30, 2025 at 8:30 a.m. ET to discuss the third quarter results as well as related matters.
The teleconference can be accessed by dialing 1-877-883-0383 (U.S. callers), 1-866-605-3850 (Canada callers), or 1-412-902-6506 (international callers), and entering the passcode 5022483 approximately 10 minutes in advance of the call. A live, listen-only webcast of the call will also be available via the Investor Information section of the Company’s website at www.axiscapital.com.
A replay of the teleconference will be available for one week by dialing 1-877-344-7529 (U.S. callers), 1-855-669-9658 (Canada callers), or 1-412-317-0088 (international callers), and entering the passcode 9882391. The webcast will be archived in the Investor Information section of the Company’s website.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.2 billion at June 30, 2025, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
Follow AXIS Capital on LinkedIn and X Corp.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Annaly Capital Management, Inc. Announces Dates of Third Quarter 2025 Financial Results and Conference Call
NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) announced today that it will release its financial results for the quarter ended September 30, 2025 after the market close on Wednesday, October 22, 2025. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 23, 2025 at 9:00 a.m. Eastern Time.
Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or “Investors” section of the Company’s website at www.annaly.com, or by using the following link: https://dpregister.com/sreg/10203278/fffd2fbae8.
Pre-registration may be completed at any time, including up to and after the call start time.
Participants who would like to join the call but have not pre-registered can do so on the day of the event by dialing the numbers provided below and requesting the “Annaly Capital Management Call.”
A replay of the call will be available for one week following the conference call.
If you would like to be added to the e-mail distribution list, please visit www.annaly.com, click on News & Insights, then click on Subscribe and complete the email notification form.
About Annaly
Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Planet Ventures Inc. Announces Normal Course Issuer Bid
October 2, 2025 – TheNewswire - VANCOUVER, BRITISH COLUMBIA – Planet Ventures Inc. (CSE: PXI) (the “Company” or “Planet”) is pleased to announce its intention for the renewal of its normal course issuer bid (the “Renewed NCIB”) through the facilities of the Canadian Securities Exchange (the “CSE”).
Under the Renewed NCIB, a total of up to 10,206,333 common shares in the capital of the Company (“Shares”), representing 5% of the issued and outstanding Shares of the Company, may be purchased through the facilities of the CSE. As at October 2, 2025, Planet Ventures had 204,126,672 Shares issued and outstanding.
The board and management of the Company believe that the current market price of the Shares may not fully reflect the underlying value of the Company’s business and future prospects. The purpose of the renewed NCIB is to enable the Company to purchase Shares when it believes them to be undervalued in the market and such purpose is an appropriate use of the Company's available funds and in its best interests to do so.
The Company’s most recent normal course issuer bid commenced on July 16, 2024, for the purchase of up to 10,531,283 shares, and expired on July 16, 2025 (the “2024 NCIB”). Planet repurchased 6,499,000 Shares for cancellation under the 2024 NCIB at a volume weighted average repurchase price of $0.03 per Share. All repurchases were made through the facilities of the CSE.
The Renewed NCIB will commence on October 6, 2025, and end on October 5, 2026, unless the maximum number of Shares is purchased prior to such date, or the Company provides earlier notice of termination. Although the Company intends to purchase Shares under the Renewed NCIB, there can be no assurance that any such Share purchases will be completed.
The Company intends to appoint Ventum Financial Corp. to conduct the Renewed NCIB. The actual number of Shares purchased, timing of purchases and purchase price will depend upon the prevailing market conditions, subject to applicable securities law requirements. All Shares acquired by Planet pursuant to the Renewed NCIB will be returned to treasury and cancelled.
About the Company
Planet Ventures Inc. is an investment issuer listed on the CSE that is focused on investing in disruptive companies and industries that have high growth potential. Planet Ventures’ unique portfolio driven investment policies provide its investors with access to emerging and high-growth opportunities while shielding them from any formidable downside. For more information, please visit Planet Ventures’ website: https://planetventuresinc.com/.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. Please also make reference to those risk factors referenced in the “Risk Factors” section of the Company’s most recently filed management’s discussion and analysis.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date hereof or as of the date specified in such statement. The forward-looking information and forward-looking statements contained herein include, but are not limited to: the timing of the Renewed NCIB, the amount of Shares to be purchased under the Renewed NCIB, the appointment of Ventum Financial Corp., the termination date of the Renewed NCIB and the return to treasury or cancellation of the Shares. Readers are cautioned that the forward-looking statements above do not contain an exhaustive list of the factors or assumptions that may affect the forward-looking statements, and that the assumptions underlying such statements may prove to be incorrect. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release.
All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
Impinj to Announce Third-Quarter 2025 Financial Results
SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its third quarter ended September 30, 2025, after U.S. markets close on Wednesday, October 29, 2025.
Impinj will host a conference call and webcast to discuss its third-quarter 2025 results and fourth-quarter 2025 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company’s website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering passcode 8962708.
Management’s prepared written remarks, quarterly financial data and the financial results press release will be made available on the company’s website at investor.impinj.com on October 29, 2025.
Impinj Disclosure Channels to Disseminate Information
Impinj investors and others should note that we announce material information to the public about our company, products, services and other topics through a variety of means, including our website, press releases, SEC filings, blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We use the Impinj website, Facebook page, LinkedIn page and blog as a means of disclosing information about the company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels and our website in addition to following our press releases, SEC filings and public conference calls and webcasts.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
AvalonBay Communities, Inc. Announces Third Quarter 2025 Earnings Release Date
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) will release its third quarter 2025 earnings on October 29, 2025 after the market close. The Company will hold a conference call on October 30, 2025 at 1:00 PM Eastern Time (ET) to discuss its third quarter 2025 results.
The call will include prepared remarks by management and a question and answer session during which management may discuss the Company’s current operating environment; operating trends; current or potential development, redevelopment, disposition and acquisition activity; the Company’s outlook and other business and financial matters affecting the Company.
The earnings release will include supplemental Earnings Release Attachments (the "Attachments") that will not be included in the wire distribution. The Attachments will only be available via the Company’s website at https://investors.avalonbay.com and through e-mail distribution. The Company will also provide a teleconference presentation that will be posted on the Company’s website at https://investors.avalonbay.com before the market open on October 30, 2025. If you would like to receive future press releases via e-mail, please submit a request through https://investors.avalonbay.com/news-events/email-alerts.
About AvalonBay Communities, Inc.
AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT that develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of June 30, 2025, the Company owned or held a direct or indirect ownership interest in 315 apartment communities containing 97,212 apartment homes in 11 states and the District of Columbia, of which 20 communities were under development. More information may be found on the Company’s website at https://www.avalonbay.com.
RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) will release its financial results for the first quarter of fiscal year 2026 after the market closes on Oct. 22. The company will host a conference call the next morning, on Oct. 23 at 8:00 a.m. Eastern time, during which CACI’s executive leaders will discuss quarterly results followed by a question-and-answer session.
You can listen to the call and view the accompanying exhibits on CACI’s Investor Relations site. A replay of the call will be posted and made available on caci.com for one year following the event.
About CACI
At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers’ greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 500™ list of largest companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at www.caci.com.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
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2025-10-02 20:292mo ago
2025-10-02 16:152mo ago
BWX Technologies to Announce Third Quarter 2025 Results on Monday, November 3
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) will issue a press release detailing third quarter 2025 results on Monday, November 3, 2025, after market close and will host a conference call at 5:00 p.m. EST.
Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at investors.bwxt.com. The dial-in numbers for participants are (U.S.) 1-800-715-9871 and (International) 1-646-307-1963; conference ID: 2465821. A replay of the call will remain available on the BWXT website for a limited time.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its industry partners support the U.S. Department of Energy and National Nuclear Security Administration across more than a dozen major contracts in North America. For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2025-10-02 20:292mo ago
2025-10-02 16:182mo ago
SLQT 10-DAY DEADLINE ALERT: SelectQuote (SLQT) Faces Investor Lawsuit After DOJ Steps into Medicare Sales Probe - Hagens Berman
SLQT Investors with Losses Encouraged to Contact Hagens Berman
, /PRNewswire/ -- SelectQuote Inc. (NYSE: SLQT), a digital insurance platform known for selling Medicare Advantage plans, is facing heightened legal scrutiny after the U.S. Department of Justice (DOJ) intervened in a whistleblower lawsuit alleging deceptive sales practices. The federal action triggered a sharp 19% drop in SelectQuote's share price on May 1, 2025, and has now led to a securities class-action lawsuit filed on behalf of investors.
The suit, Pahlkotter v. SelectQuote Inc. et al., covers investors who purchased SelectQuote stock between September 9, 2020, and May 1, 2025, and alleges that the company misled the market about its business model and regulatory exposure.
Blog: www.hbsslaw.com/blog
that the company misled the market about its business model and regulatory exposure.
Hagens Berman urges SelectQuote investors who suffered substantial losses to submit your losses now.
Class Period: Sept. 9, 2020 – May 1, 2025
Lead Plaintiff Deadline: Oct. 10, 2025
Visit:www.hbsslaw.com/investor-fraud/slqt
Contact the Firm Now: [email protected]
844-916-0895
Allegations of Kickbacks and Misrepresentation
At the heart of the complaint are claims that SelectQuote misrepresented its Medicare Advantage sales practices. While the company publicly promoted its services as offering "unbiased advice" and "neutral plan comparisons," the lawsuit asserts that SelectQuote:
Steered customers toward plans from insurers offering the highest commissions.
Accepted illegal kickbacks in exchange for preferential treatment.
Violated federal statutes, including the False Claims Act
The DOJ's complaint alleges that from 2016 through at least 2021, SelectQuote received tens of millions of dollars in improper payments and discriminated against less profitable customers by directing them away from lower-margin plans.
Market Fallout and Investor Impact
The DOJ's involvement sent shockwaves through the market, with SelectQuote's stock plunging nearly 20% in a single day. Over the past six months, shares have declined more than 40%, reflecting investor concern over the company's legal exposure and potential reputational damage.
The class-action lawsuit argues that SelectQuote's public statements failed to disclose material risks tied to its sales practices, leading investors to overvalue the company's growth prospects and revenue integrity.
Shareholder rights firm Hagens Berman is investigating whether SelectQuote's revenue was artificially inflated through deceptive conduct. Reed Kathrein, a partner at the firm, commented: "The DOJ's intervention transforms this from a routine business dispute into a serious federal matter. We're examining whether SelectQuote's so-called 'unbiased' model was merely a façade for a kickback-driven sales engine."
If you invested in SelectQuote and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now »
If you'd like more information and answers to frequently asked questions about the SelectQuote case and our investigation, read more »
Whistleblowers: Persons with non-public information regarding SelectQuote should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
SOURCE Hagens Berman Sobol Shapiro LLP
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2025-10-02 20:292mo ago
2025-10-02 16:202mo ago
Stellantis Stock Surges as Jeep Maker's U.S. Sales Rise For First Time in Two Years
Key Takeaways
Stellantis reported that its U.S. sales rose 6% in the third quarter compared with the year-earlier period, snapping a streak of eight consecutive quarters of sales declines.The Big Three automaker got a boost from demand for its Chrysler, Ram truck, and Jeep brands.
Stellantis (STLA) shares jumped Thursday after the Big Three automaker reported that its U.S. sales rose in the third quarter, driven by demand for its Ram trucks, Chryslers and Jeeps.
The company's sales increased 6% from the year-ago period to 324,825 vehicles, snapping a streak of eight consecutive quarters of declining sales. Sales in September jumped 16% compared to the same month last year.
Jeff Kommor, head of U.S. sales, said in a press release that September was “our highest monthly market share in the U.S. in 15 months.” He added that the company was “taking deliberate actions” to keep sales momentum going.
Why This News Is Significant
The sales numbers could indicate that Stellantis, maker of some of America's most-storied automotive brands, is rebounding under a new leadership team. The automaker, which scrapped its full-year outlook in April, still faces risks related to tariffs and tough competition.
Stellantis shares were up nearly 9% recently, trading at their highest level since May. Even so the stock is down 20% since the start of 2025 and has lost about two-thirds of its value since March 2024, as the automaker executes a turnaround under CEO Antonio Filosa, who took over in June.
Looking at individual brands in the latest quarter, Chrysler sales soared 45%, boosted by its Pacifica and Voyager models. Ram sales jumped 26%, lifted by excitement over the Ram 1500 with the HEMI V-8 engine. Jeep sales rose 11%, with the Wagoneer skyrocketing 122%. Sales of Fiat were 2% higher.
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2025-10-02 20:292mo ago
2025-10-02 16:212mo ago
4 Crypto-Centric Stocks to Buy as Bitcoin Makes Steady Recovery
Key Takeaways Bitcoin climbed to a seven-week high after shedding nearly 15% of its gains in September.PayPal, Robinhood, Interactive Brokers and Visa show earnings growth potential for 2025.All four stocks saw earnings estimate upgrades in the past 60 days, signaling improving outlooks.
The cryptocurrency market is steadily recovering after giving up its earlier gains last month. Bitcoin (BTC), which hit an all-time high in July before giving up nearly 15% of its gains last month, rebounded to a seven-week high on Wednesday night.
Markets have been volatile over the past month due to concerns over a shrinking labor market and a slowing economy. This has also been impacting the crypto market. However, the volatility is temporary and Bitcoin is expected to resume its rally once investors get a clearer picture of the economy’s health.
Given this situation, it would be ideal to take the buy-the-dip approach and invest in crypto-focused stocks. We have selected four stocks: PayPal Holdings (PYPL - Free Report) , Robinhood Markets, Inc. (HOOD - Free Report) , Interactive Brokers Group (IBKR - Free Report) and Visa Inc. (V - Free Report) . Each of these stocks has strong growth potential for 2025 and has seen positive earnings estimate revisions in the past 60 days.
Bitcoin Making a ReboundBitcoin rebounded on Wednesday night and was trading at a seven-week high of $118,481, to hit a seven-week high. Bitcoin hit an all-time high of $124.496 before giving up most of its gains in September on growing uncertainty over the impact of President Donald Trump’s tariffs and concerns of a weakening economy.
Wednesday’s jump came after the U.S. government partially shut down. According to reports cited by investing.com, the threat of a government shutdown could end up pushing extra liquidity into the markets.
Experts believe that Bitcoin still has ample room to grow as demand remains robust. According to an on-chain analytics firm CryptoQuant report, cited by The Block, Bitcoin could hit $160,000 to $200,000, this year if demand continues to remain high.
Also, the Federal Reserve cut interest rates by 25 basis points last month and hinted at two more quarter percentage point rate cuts this year. This is expected to boost Bitcoin further.
4 Crypto-Centric Stocks With UpsidePayPal HoldingsPayPal Holdings provides digital wallet services that enable users to purchase, transfer and sell various cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Through PYPL, cryptocurrencies can be used to pay for goods and services from online merchants. Additionally, PayPal’s mobile wallet platform, Venmo, allows users to engage in cryptocurrency buying and selling activities.
PayPal Holdings’ expected earnings growth rate for the current year is 12.5%.The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the last 60 days. PYPL currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Robinhood MarketsRobinhood Markets, Inc. operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using its Robinhood Crypto platform.
Robinhood Markets’ expected earnings growth rate for the current year is 47.7%.The Zacks Consensus Estimate for current-year earnings has improved 5.9% over the past 60 days. HOOD currently has a Zacks Rank #1 (Strong Buy).
Interactive Brokers Group, Inc.Interactive Brokers Group is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies. IBKR’s commodities futures trading desk also offers customers a chance to trade cryptocurrency futures.
Interactive Brokers Group has an expected earnings growth rate of 11.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.1% over the last 60 days. IBKR currently has a Zacks Rank #2.
Visa Inc.Visa is taking a significant step toward modernizing cross-border money movement. In a move aimed at enhancing the efficiency of global transactions, V is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. This expansion of V includes collaboration with prominent merchant acquirers Worldpay and Nuvei, marking a pivotal development in the world of digital payments.
Visa’s expected earnings growth rate for the current year is 13.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days. V currently has a Zacks Rank #2.
2025-10-02 20:292mo ago
2025-10-02 16:242mo ago
Musk Still Tops World's Billionaires. Oracle's Ellison Is Hot on His Heels.
Oracle's Larry Ellison's wealth climbed by $148 billion through the third quarter, leapfrogging him over Mark Zuckerberg and Jeff Bezos to claim the No. 2 spot.
OAKDALE, Calif., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), is proud to announce the opening of its nineteenth full-service branch, located at 31 South School Street in Downtown Lodi. The new location offers a complete range of personal and commercial banking services, along with a walk-up ATM and night deposit for added convenience. Business hours are Monday through Friday, 9:00 AM to 5:00 PM.
“Our expansion into Downtown Lodi reflects our long-term commitment to serving the Central Valley,” stated Chris Courtney, Chief Executive Officer. “This branch not only enhances access for existing clients but also provides an opportunity to introduce new customers to Oak Valley’s relationship-focused style of banking. Our growth is driven by our dedication to building strong partnerships and supporting the communities we call home.”
The Lodi branch will be led by Kevin Borges, Vice President, Branch Manager, who brings more than 12 years of banking experience and strong ties to the Lodi community. Joining him is Laurie Martin, Customer Service Manager, a San Joaquin native known for delivering exceptional service. Together with Alyssa Naranjo, New Accounts Representative, and Customer Service Representatives, Yessica Rodas Guerrero and Nicole White, the team is committed to providing a welcoming and efficient banking experience. Regional support will be provided by Twyla Brooks, Vice President, Regional Branch Manager, who oversees Oak Valley’s northern branch network.
Commercial and agricultural lending will be spearheaded by Matt Brown, Vice President, Commercial Banking Officer and Emma Brandstad, Commercial Banking Officer. With two decades of combined experience, they deliver tailored financial solutions and strategic insights to help local businesses and agricultural enterprises thrive.
“We’ve assembled a talented team in Lodi that embodies Oak Valley’s values,” added Rick McCarty, President & Chief Operating Officer. “Their expertise, combined with their deep roots in the community, ensures that our clients will receive trusted guidance and the personalized service that set Oak Valley apart.”
Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 19 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Lodi, two branches in Sonora, three branches in Modesto, and three branches in the Eastern Sierra division which includes Bridgeport, Mammoth Lakes, and Bishop. For more information, call 1-866-844-7500 or visit www.ovcb.com.
, /PRNewswire/ -- Vistra (NYSE: VST) plans to report its third quarter 2025 financial and operating results on Thursday, Nov. 6, 2025, during a live conference call and webcast beginning at 10 a.m. ET (9 a.m. CT).
The live webcast can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to receive a conference call dial-in number. A replay of the webcast will be available on Vistra's website for one year following the call.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential resources to customers, businesses, and communities from California to Maine. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at vistracorp.com.
SOURCE Vistra Corp
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2025-10-02 20:292mo ago
2025-10-02 16:262mo ago
Agroz Inc. Announces Closing of Initial Public Offering
, /PRNewswire/ -- Agroz Inc. (NASDAQ: AGRZ) ("Agroz," the "Company," "we," "us," or "our"), an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor Controlled Environment Agriculture vertical farms, today announced the closing of its initial public offering (the "Offering") of an aggregate of 1,250,000 ordinary shares at a public offering price of $4.00 per share. The Company's ordinary shares began trading on the Nasdaq Capital Market on October 1, 2025, under the ticker symbol "AGRZ".
The Company received aggregate gross proceeds of approximately $5 million before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares at the initial public offering price, less underwriting discounts.
The Company intends to use the net proceeds from the Offering for capital expenditures, operating expenses, research and development, marketing, and acquisitions of certain companies (for which no specific acquisition target companies have been identified at this time).
US Tiger Securities, Inc. ("US Tiger") acted as sole book runner for the Offering. Sichenzia Ross Ference Carmel LLP acted as U.S. legal counsel to the Company, and Greenberg Traurig, LLP acted as U.S. legal counsel to US Tiger.
A registration statement on Form F-1 (File No. 333-284322) relating to the Offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on September 17, 2025. The Offering is being made only by means of a prospectus. Electronic copies of the final prospectus relating to the Offering may be obtained, when available, by visiting the SEC's website located at http://www.sec.gov or by contacting US Tiger Securities, Inc. at 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188.
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Company's securities, nor shall there be any offer, solicitation, or sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Agroz Inc.
Agroz Inc. is an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor Controlled Environment Agriculture ("CEA") vertical farms. Agroz also operates CEA vertical farms in local communities to grow and deliver clean, pesticide free, fresh and nutritious rich vegetables directly to consumers and businesses, and to educate the public on how its vegetables are grown. Agroz believes its competitive advantage stems from its proprietary Agroz OS system, a vertical farm operating system comprised of (i) digitally automated hardware systems enabling management of vertical farm conditions, and (ii) certain software solutions enabling email and communication systems for vertical farm organization.
This press release contains "forward-looking statements." You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of Agroz. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including, without limitation, statements regarding the Company's anticipated use of net proceeds from this Offering. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in Agroz's prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.
SOURCE Agroz Inc
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2025-10-02 20:292mo ago
2025-10-02 16:262mo ago
Mercado Libre's Double Trouble Amazon & China Threat
SummaryI am reiterating my “hold” rating on MercadoLibre with an updated price target of $1872 per share, reflecting ongoing competitive and profitability pressures.The company’s Q2 FY25 results showed strong Commerce and Fintech revenue growth, but margins declined due to aggressive shipping incentives and investments in expanding logistics network.MercadoLibre also continues to face intensifying competition from Amazon Brazil and Chinese platforms Temu and Shein, impacting market share and pricing power.Despite top-line growth, MercadoLibre’s high valuation and lowered earnings estimates suggest a further 15% downside before the risk-reward becomes attractive. spawns/iStock via Getty Images
Introduction & Investment Thesis I first wrote about MercadoLibre (NASDAQ:MELI) in early June. At that time, I rated the stock a “hold,” as I believed that its price-to-earnings multiple of 50 was unjustified, especially as beating its earnings
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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2025-10-02 19:282mo ago
2025-10-02 14:052mo ago
Bitwise CEO: Solana Could Outperform Ethereum in Staking ETFs
Although Ethereum has a larger market capitalisation than Solana, Bitwise CEO Hunter Horsley suggested that Solana could hold an edge in the staking exchange-traded fund (ETF) sector. He noted that Solana’s network design may be especially attractive to investors looking for staking opportunities, particularly through ETFs.
In brief
Solana’s network design allows for faster unstaking, making it more attractive to ETF issuers and investors seeking liquidity.
Ethereum’s staking withdrawals face long queues, which can make it harder for ETFs and investors to access staked funds quickly.
Staking Withdrawals: Ethereum Delays and Solana’s Advantage
Staking is the process of committing cryptocurrency to help run a blockchain network. In return, investors earn rewards in the same token. However, retrieving staked assets isn’t always instant, and the wait can fluctuate depending on how busy the network is.
In this context, Horsley emphasised that Solana’s faster unstaking process could offer a practical advantage for ETF issuers. While Ethereum’s withdrawal queue has recently reached record levels, Solana’s typically clears more quickly. This speed allows ETFs to return funds to investors without long delays, an important consideration for liquidity management.
Ethereum, for its part, has seen growing delays linked to staking activity. In early September, the entry queue rose to 860,369 ETH, the highest level since 2023. At present, it stands at 195,209 ETH, with an estimated wait of about three days and nine hours.
On the exit side, the queue has reached 2,004,829 ETH, resulting in a withdrawal wait time of roughly 34 days and 19 hours. Overall, the network counts about 1.04 million active validators, with 35.6 million ETH staked, equal to 29.39% of the total supply.
While Ethereum has ways to address these delays, they come with trade-offs. Horsley highlighted Bitwise’s Ethereum staking ETP in Europe, which uses a credit facility to provide liquidity for redemptions, though this method adds costs and has limited capacity. Another option is liquid staking tokens, such as Lido’s stETH, which let investors keep their funds accessible while still earning staking rewards.
Regulatory Momentum for Solana ETFs
According to ETF analyst Nate Geraci, the U.S. Securities and Exchange Commission (SEC) could approve multiple Solana staking ETF applications as soon as mid-October, following updated filings from several firms. Fidelity, Bitwise, Franklin Templeton, VanEck, Canary Capital, Grayscale, and CoinShares have all revised their S-1 filings to include staking features for planned Solana funds.
Amid regulatory momentum, the first U.S. Solana staking exchange-traded fund (ETF), the REX-Osprey Solana Staking ETF, launched in July. On its debut day, the fund drew $12 million in inflows and $33 million in trading volume, signalling strong demand for staking-focused crypto products. These early results suggest Solana staking ETFs may continue to capture significant attention as the market develops.
Meanwhile, in August, the SEC delayed approval decisions for Grayscale Ether staking ETFs until the end of October. The agency also set October 30 as the new date for staking approval on BlackRock’s iShares Ethereum Trust. These postponements could give Solana staking ETFs a potential first-mover advantage in the U.S. market.
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Ifeoluwa O.
Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
2025-10-02 19:282mo ago
2025-10-02 14:062mo ago
Filecoin Rises More Than 4% Amid Wider Crypto Market Rally
FIL$2.3901 performed strongly over the last 24 hours with a 4% gain, according to CoinDesk Research's technical analysis model.
The model showed that the token advanced from a low of $2.25 to a high of $2.38.
STORY CONTINUES BELOW
Sustained buying pressure persisted despite mid-session volatility around $2.31 support, according to the model.
The recovery pattern reinforced the broader bullish trajectory established throughout the 24-hour period.
On the news front, IoTeX has launched the Real World AI Foundry, a global alliance to create shared standards for AI trained on live data, which Filecoin has joined as an alignment partner, according to a post on X.
The wider crypto market also rose, with the broad market gauge, the CoinDesk 20, up 3%.
Technical Analysis:
FIL posts strong bullish momentum during the 24-hour period advancing from $2.25 to $2.38.The token established clear support around the $2.31 level with high-volume confirmation during early morning hours.Resistance emerged near $2.36 with multiple rejections earlier in the day.Recent price action shows a compelling recovery pattern, as the token broke through resistance at the $2.36 level.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Total Crypto Trading Volume Hits Yearly High of $9.72T
Sep 9, 2025
Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
What to know:
Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report
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XLM Rallies 4% as Stellar Breaks Critical $0.40 Resistance Barrier
2 hours ago
XLM rallied past $0.40 with a brief move above $0.41, boosted by Bitcoin.com Wallet integration and institutional demand, as volumes soared to more than twice the daily average.
What to know:
Strong Rally: XLM climbed 4% in 24 hours, establishing support at $0.40 and resistance at $0.41.Catalyst: Bitcoin.com Wallet added Stellar, expanding access to millions of global users.Market Activity: Trading volumes surged well above average, signaling growing institutional and retail interest.Read full story
2025-10-02 19:282mo ago
2025-10-02 14:072mo ago
Cronos integrates Morpho to boost DeFi lending and tokenization
Cronos will collaborate with Crypto.com and onchain lending platform Morpho to expand decentralized finance and asset tokenization on the Cronos blockchain.
Summary
Cronos, Morpho and Crypto.com plan to collaborate on an initiative aimed at bolstering DeFi on the Cronos chain.
The partnership will also explore tokenization.
Native Cronos token CRO rose amid the news, initially spiking by more than 13% to above $0.22.
Cronos Labs announced the partnership on Oct. 2, noting in a press release that Crypto.com and Morpho will help boost its blockchain ecosystem as a platform for capital-efficient lending and borrowing. The integration will go beyond expanding the decentralized finance lending. The platforms target tokenization.
Why else is the Cronos and Morpho partnership key?
The initiative also aims at scaling Cronos (CRO) as a platform for DeFi for millions of users around the world, with Morpho (MORPHO) expanding its onchain lending infrastructure beyond Ethereum.
As part of the integration, Morpho will expand its vaults into Crypto.com’s product offering.
The platforms also plan to add stablecoin lending markets, which will be backed by various wrapped assets that include Crypto.com wrapped Bitcoin and Crypto.com wrapped Ethereum. CDCBTC and CDCETH are tokenized Bitcoin and Ethereum that allow holders to participate in DeFi across other blockchain networks.
Support for Morpho Vaults on Crypto.com
The integration will also see Crypto.com integrate Morpho into its app and exchange platforms, bringing Morpho’s lending markets to more users within the CRO ecosystem.
“Collaborating with Morpho is an exciting milestone for our community,” said Mirko Zhao, head of Cronos Labs. “By working together to enable borrowing and lending with wrapped assets, we’re unlocking immediate utility for users while also laying the groundwork for tokenization and institutional-grade use cases that are central to our long-term roadmap.”
Crypto.com also plans to explore the integration of wrapped real-world assets as collateral within Morpho’s vaults.
According to Ketat Sarakune, head of yield and asset growth at Crypto.com, launching Morpho vaults on Crypto.com will bring advanced DeFi lending opportunities to millions of users globally. The markets will tap into features such as network speed, scalability and low costs.
CRO was one of the top gaining tokens amid the news as price surged more than 13% from lows of $0.20 to above $0.22. The token traded around $0.21 at the time of writing.
2025-10-02 19:282mo ago
2025-10-02 14:212mo ago
LunarCrush Data: XRP Conversation Surges on Ondo OUSG Launch – Sustainable or Spike?
LunarCrush metrics covering XRP have reported sharp mention growth, a Galaxy Score of 68, improved AltRank, and higher social dominance as Ripple collaborates with Ondo Finance to add OUSG tokenized Treasuries to the XRP Ledger using RLUSD for settlement.
2025-10-02 19:282mo ago
2025-10-02 14:212mo ago
Analyst: Bitcoin's Healthy Volatility Band Points to Realistic $130K Target
Bitcoin surged past $119K, liquidating $475M in shorts, with analysts saying $130K is realistic if the momentum holds.
The price of Bitcoin (BTC) rose to a seven-week peak of $119,400 on October 2, as a wider crypto market revival added approximately $165 billion to the sector’s total value in a single day.
This upward movement, which saw BTC break through key resistance levels, lines up with a technical analysis framework that places $130,000 as a realistic short-term target for the asset should current dynamics hold.
Analyst Eyes Technical Setup as October Rally Strengthens
After a period of consolidation below $110,000 in late September, Bitcoin began a steady climb, first reclaiming the $112,500 level and then pushing past a critical resistance zone near $116,500 on October 1.
This breakout went up a notch during early Asian trading on October 2, taking BTC to its highest point since mid-August. The move caused about $475 million in short positions to be sold off, showing just how quickly market sentiment can change.
Analysts are now looking at this price movement in light of a positive technical picture. According to market watcher Axel Adler Jr., Bitcoin’s current dynamics place it comfortably within the “STH-MVRV pricing corridor,” a metric that tracks the average profitability of short-term holders.
In the past, the upper limit of this band, which is currently around $130,000, has acted as a zone where traders tend to take their profits more often. In Adler’s opinion, given how the BTC price has held firmly above its average realized level since the start of 2024, there’s every likelihood for sustained underlying demand, which would support the case for additional gains.
“Bitcoin is currently in a state of equilibrium within the established volatility corridor,” the analyst wrote. “Short-term drops below the baseline are quickly bought up, and the market structure remains healthy. If current dynamics persist, a move toward $130K appears realistic.”
Market Context and Historical Tailwinds
The BTC rally has come against a backdrop of renewed risk appetite across financial markets and follows mixed U.S. labor data that has investors anticipating another potential interest rate cut.
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Data from CoinGecko shows that in the last 24 hours, the cryptocurrency gained 3.7% while trading between $114,442 and $119,400. Over seven days, it went up 6.2%, even though it is slightly trailing the broader crypto market, which jumped nearly 9% in the same period.
Furthermore, BTC has added 7.7% to its value in the past month to keep it within striking distance of its all-time high above $124,000 set about two months ago.
The final quarter of the year has in the past been a good period for Bitcoin, and October, in particular, has a strong track record, with data showing that the asset has closed this month in positive territory in 10 of the last 12 years. The community is closely watching to see if this seasonal trend continues, and if it can give BTC enough impetus to hit Adler’s target.
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2025-10-02 19:282mo ago
2025-10-02 14:222mo ago
Celsius (CEL): A User-Centric And Community-Driven Platform And Token
Celsius (CEL) is the native cryptocurrency of the Celsius Network, a decentralized lending and borrowing platform built on the Ethereum blockchain.
Celsius Network aims to provide financial services to cryptocurrency holders, allowing them to earn interest on their holdings, take out loans using their crypto as collateral, and access various other financial products.
It offers a user-friendly mobile app where users can manage their deposits, loans, and access other financial services.
Celsius (CEL) token
CEL primarily functions as a utility token within the Celsius Network ecosystem. Celsius users can earn higher interest rates on their crypto deposits and receive better loan terms by holding and using CEL tokens.
Users can deposit their cryptocurrencies into interest-earning accounts and earn interest on their deposits, and the interest rates may vary based on the amount of CEL they hold. Moreover, CEL holders have the opportunity to participate in community governance and decision-making through voting on proposals.
Celsius Network has a tiered loyalty program where users can unlock higher interest rates and benefits based on the amount of CEL tokens they hold and the level of their engagement with the platform.
Another feature allows users to take out loans using their cryptocurrency holdings as collateral. The availability and terms of loans can be influenced by holding and using CEL tokens.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.
2025-10-02 19:282mo ago
2025-10-02 14:262mo ago
Melania Trump Meme Coin Jumps After First Lady Promotes It, Still Down 99% From Peak
In brief
First Lady Melania Trump shared a post from her official meme coin page, boosting the price of her official Solana meme coin.
The token is now trading above $0.18—still nearly 99% off its all-time high of $13.05.
Controversy has surrounded the MELANIA token, which was launched by the same strategist who worked on the controversial LIBRA token promoted by Argentine President Javier Milei.
The official Solana meme coin of Melania Trump (MELANIA) is up nearly 7% in the last 24 hours after the First Lady promoted an apparently AI-generated video of herself posted by the token’s official X account.
MELANIA is now trading at $0.182, up more than 12% on the week, but still down roughly 99% from its January all-time high of $13.05. It briefly popped to a daily high of $0.191 following the first lady’s retweet.
“Into the future,” the first lady’s social media post read, tagging the meme token profile and resharing the video—which showcases her likeness appearing out of thin air—to her 3.8 million followers.
The meme coin project’s social media post was its first since June, when it alerted its followers that tokens may be on the move to new wallets as a result of a liquidity providing agreement with crypto market maker Wintermute.
The movement of MELANIA tokens connected to the project and team has been controversial in the past. In April, blockchain analytics firm Bubblemaps reported that $30 million worth of MELANIA was taken from community funds and quietly sold on the market by the team.
Prior to that, around $2 million worth of MELANIA tokens was reportedly siphoned off via the single-sided liquidity tactic popularized by Hayden Davis—the launch strategist for both MELANIA and the controversial Libra token promoted by Argentine President Javier Milei.
At least an additional $8 million has been pulled from the community pool and sold as well, according to Bubblemaps analysis. However, as of this writing, no member from the project has spoken out about the token sales despite Bubblemaps keeping the project’s feet against the fire.
“Woooo Melania Trump won't address the $10M of community tokens sold by team wallets,” the analytics firm posted on X. “Just post an AI video after 10 months of silence? Cool, cool, cool.”
The first lady’s meme coin famously launched just two days after President Donald Trump’s official TRUMP meme coin debuted in January. It briefly surged to a price of more than $13 before crashing to less than $2 as January drew to a close.
TRUMP has suffered a similar fate, peaking above $73 in January but now changing hands at $7.72—almost a 90% drop from the top.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
2025-10-02 19:282mo ago
2025-10-02 14:292mo ago
Your COVID Stimulus Check Would Be Worth 1,700% More If You Bought Bitcoin
It’s been over five years since the U.S. government issued its first $1,200 COVID-19 stimulus checks. For many Americans, the money was used for bills, groceries, or other necessities.
But if you invested those funds into Bitcoin and held on without selling, you’d now be sitting on a sum worth roughly $21,617 today — a staggering 1,701% gain.
This figure is based on the initial handout provided under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Had you invested your $1,200 on April 15, 2020, when Bitcoin was trading around $6,642, you would have acquired about 0.18 BTC.
Today, with Bitcoin price surpassing $120,000, that same holding has grown exponentially and will probably keep going higher.
The story gets even more interesting when factoring in subsequent stimulus payments. Some Americans received two additional checks — $600 in January 2021 and $1,400 in March 2021.
If someone had invested all three payments for a total of $3,200 near the days they arrived, their Bitcoin holdings today could easily surpass $50,000, depending on timing and BTC’s price movements.
Regardless of where you bought, those who held through market volatility — including multiple price dips and spikes — have been handsomely rewarded.
Bitcoin to $150,000? The surge in Bitcoin’s value over the past five years was a combination of institutional adoption, growing mainstream acceptance, and macroeconomic conditions that pushed investor interest into crypto and Bitcoin.
It’s now October and seasonal patterns suggest early-quarter strength may be particularly important for higher Bitcoin price action. Since 2015, October has delivered average gains of 21.8%, while November has added 10.8%, according to Bitcoin Magazine Pro data.
If similar patterns repeat this year, Bitcoin could clear past $150,000 before the end of the year.
On top of that, Citigroup analysts reinforced a positive 12-month outlook for Bitcoin in a note to clients this week, setting a Bitcoin target of $181,000 while revising their year-end forecast to $132,000.
The bank cited robust inflows — estimated at $7.5 billion through year-end — and growing demand from institutional investors.
“We are more positive on Bitcoin compared to Ether, as it captures an outsized portion of incremental flows into crypto markets,” the Citi analysts wrote.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.
2025-10-02 19:282mo ago
2025-10-02 14:302mo ago
Dogecoin Leads ‘Uptober' Meme Coin Rally With Analyst Eyeing $1.56 Target – But This Jacked Up Pup Could Run Even Harder
October is already living up to its “Uptober” reputation, with the market flashing green on the first trading day of the month.Meme coins have bounced back to an $81 billion valuation, with Dogecoin (DOGE) leading the pack after a 9% overnight gain.
2025-10-02 19:282mo ago
2025-10-02 14:302mo ago
Solana DAT Sharps Technology Announces $100 Million Share Repurchase Program
Sharps Technology Inc. announced Thursday that it has authorized a $100 million stock repurchase program, pointing to its commitment to enhancing shareholder value.
2025-10-02 19:282mo ago
2025-10-02 14:302mo ago
Bitcoin ETFs Soar With $676 Million Inflow as Ether ETFs Add $81 Million
Bitcoin exchange-traded funds (ETFs) roared with $676 million in inflows on Wednesday, marking their third straight day of gains, while ether ETFs added $81 million across four funds. Both asset classes are enjoying a strong revival of institutional demand.
2025-10-02 19:282mo ago
2025-10-02 14:322mo ago
Litecoin Price News: Can Altcoin Season Send LTC to $150?
As a result, LTC climbed above the $110 level and broke its downtrend with strong volumes. This favors a bullish outlook that could lead to another push toward $130.
The Relative Strength Index (RSI) jumped above the 14-day moving average already, which is often interpreted as a buy signal, while it has also risen above the mid-line.
It appears that selling pressure has increased once LTC hit $120. The daily candle shows a big upper wick that could anticipate some bearish price action in the next few days unless buyers come along and push the price above this mark once and for all.
If we get a clean breakout above this level, the odds favor a much stronger push toward $150 at least in the near term.
Nonetheless, on-chain metrics favor a bullish outlook as the network’s hash rate continues to make new higher highs every week.
Altcoin Season Has Started – Here’s What That Means for LTC
Macroeconomic conditions are favorable for cryptos at the time, as the Federal Reserve could cut interest rates for a second time this month by another 25 basis points.
Lower rates prompt investors to look for yields in more exotic corners of the market – e.g. cryptocurrencies. Moreover, altcoin season has officially begun, meaning that tokens like Litecoin will be favored as BTC loses dominance against top tokens like Ethereum (ETH) and BNB Coin (BNB).
The latter two have already made new all-time highs. The last time that ETH got near $4,000, LTC climbed to nearly $135. This time, we are likely far from the top altcoin’s cycle peak. Hence, historical evidence suggests that we could see LTC rising to $150 if Ethereum keeps climbing.
2025-10-02 19:282mo ago
2025-10-02 14:332mo ago
Instant Tokenization of Stocks Introduced by Alpaca
Instant tokenization of US stocks is now possible, according to an update from Alpaca.
Alpaca’s Instant Tokenization Network (ITN), a new infrastructure product has been in the works behind the scenes, the company noted.
Currently powering many of the global tokenization solutions, with ITN, their partners can now:
Instantly mint and redeem tokenized shares in-kind, without settlement delays, 24/7
Reduce costs and increase speed, eliminating the need to sell and repurchase the asset for cash
Increase certainty of par conversion between shares and tokens, minimizing risk from automated strategies at scale
As stated in the update from Alpaca, the industry needed a solution that bridged traditional finance or TradFi and DeFi (decentralized finance), and their new infrastructure provides that solution.
Head of Crypto, Arush Sehgal, said this about the future of tokenization at Alpaca:
“Rather than traditional securities or pure crypto tokens, tokenized assets should be seen as something entirely new, requiring a whole new infrastructure stack to be built for them. In-kind creation and redemption is a significant step forward, but it’s only the first step. We’re building further tools to help developers bridge traditional and crypto rails compliantly with investor protections and market integrity at the core.”
As clarified in the update, Alpaca Securities and Alpaca Crypto do not conduct tokenization of assets.
Together they aim to provide technology and services that support third party partners who carry out the tokenization process.
Tokenization on the blockchain is the process of creating digital tokens on a distributed ledge tech or DLT network that represent ownership or rights to a tangible or intangible real-world asset, like real estate, fine art, or various types of financial instruments.
These tokens aim to provide increased liquidity, allow for fractional ownership by breaking down large assets into smaller, tradable units, and offer a more transparent, immutable record of ownership and transactions on the blockchain.
2025-10-02 19:282mo ago
2025-10-02 14:402mo ago
Cardano Price Prediction: End of 2025 Roadmap Revealed – Could ADA Be the Most Undervalued Altcoin Right Now?
Cardano price prediction has reflected rising institutional access via Hashdex's index ETF and the Foundation's 2025 roadmap with liquidity and governance plans. ADA has held support, has tested mid-channel resistance near $0.90, and has eyed $1–$1.30 if strength has persisted.