Author: Multibagger News

Rhythm Pharmaceuticals, Inc. Annual Meeting Results: Class I Directors Re-Elected and Proposals Approved Rhythm Pharmaceuticals, Inc. (NASDAQ:), a leading biopharmaceutical company, announced the successful outcomes of its recent Annual Meeting of Stockholders. The company confirmed the re-election of three Class I Directors and the approval of all proposals presented during the meeting. The Boston-based company, known for its expertise in pharmaceutical preparations, saw the re-election of Stuart A. Arbuckle, Christophe R. Jean, and Lynn A. Tetrault as Class I Directors. Each director will serve until the 2027 Annual Meeting of Stockholders. The voting results showed strong support for the nominees,…

Recursion Pharmaceuticals Director Sells Significant Shares Amid Strategic Shifts: What Investors Need to Know Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) Director Blake Borgeson recently sold a notable amount of company stock. On September 17, 2024, Borgeson sold 11,447 shares at an average price of $6.8431, totaling approximately $78,332. This sale was executed under a Rule 10b5-1 trading plan, which Borgeson adopted on August 18, 2023. These plans allow company insiders to sell shares at predetermined times to prevent accusations of trading on nonpublic information. The shares were sold through multiple transactions, with prices ranging from $6.74 to $7.03 per share. After…

Israeli Forces Kill Six Palestinians in West Bank Military Raid – Investing.com RAMALLAH (Multibagger) – Six Palestinians were killed and 18 others injured by Israeli forces during a military raid in the occupied West Bank city of Qabatiya, the governor of Jenin told Multibagger on Thursday. The governor, Kamal Abu al-Rub, said four of the injured are in critical condition, and that Israeli forces withdrew from Qabatiya after destroying infrastructure in the area. There was no immediate comment from the Israeli military. Violence has surged in the West Bank since the start of the war in Gaza, with almost daily…

Oak Woods Acquisition Corporation, listed as NASDAQ:OAKU, has announced an upcoming extraordinary general meeting of shareholders on Wednesday, September 25, 2024. This Cayman Islands-based company operates in the miscellaneous health and allied services industry and has filed an 8-K with the U.S. Securities and Exchange Commission regarding the meeting. The purpose of the meeting, as outlined in the company’s definitive Proxy Statement, is to gather proxies from shareholders. Specific details about the location and time of the meeting can be found in the Proxy Statement filed with the SEC. Shareholders who have questions about the proposals in the Proxy Statement…

Insider Moves at Joby Aviation: What It Means for Investors and the Future of Electric Aviation Joby Aviation Executive Sells Shares: A Closer Look at What This Means for Investors Joby Aviation, Inc. (NYSE: JOBY) made headlines with a significant insider transaction, as detailed in a recent filing with the Securities and Exchange Commission (SEC). Didier Papadopoulos, the President of Aircraft OEM at Joby Aviation, executed the sale of 2,247 shares of the company’s common stock on September 17, 2024. The total transaction value amounted to $11,954, with a weighted average share price of $5.32. According to the SEC filing,…

Bank of Japan to Maintain Steady Monetary Policy, Signal Confidence in Rate Hike – Multibagger As the Bank of Japan prepares to keep its monetary policy steady, investors are eagerly awaiting signals of future rate hikes based on solid wage growth and consumption trends. This contrasts with other central banks moving towards rate cuts, creating market turbulence. Market Focus: Governor Kazuo Ueda’s Post-Meeting News Conference Analysts predict a possible rate hike in December to assess the impact of the Fed’s recent rate cut and upcoming political events. The BOJ is expected to maintain short-term rates at 0.25% at the conclusion…

Avient Corporation Issues $650 Million in Senior Unsecured Notes – What You Need to Know Avient Corporation (NYSE:AVNT) has recently announced the issuance of $650 million in senior unsecured notes, maturing on November 1, 2031. These notes carry a 6.25% interest rate and will be payable semi-annually on May 1 and November 1, starting from May 1, 2025. The indenture includes standard provisions that restrict Avient’s activities to protect the interests of note holders. In the event of a change of control, Avient must offer to repurchase the notes at 101% of their principal amount. The company also has the…

FedEx Stock Plummets After Disappointing Q1 Earnings Report – What Investors Need to Know In a shocking turn of events, FedEx Corporation (NYSE: FDX) drastically lowered its full-year guidance following the release of its fiscal Q1 earnings report that missed Wall Street expectations by a wide margin. As a result, FedEx stock tumbled 9% in after-hours trading. The company reported adjusted earnings of $3.60 per diluted share on revenue of $21.6 billion, falling short of analysts’ expectations of $4.86 EPS on revenue of $21.96 billion. The key Federal Express business segment also saw a significant decline in margins, dropping to…

Griffon Corp President Sells $1.7 Million in Stock: What This Means for Investors Griffon Corp’s (NYSE: GFF) President and Chief Operating Officer, Robert F. Mehmel, recently sold a significant portion of his holdings in the company. According to recent filings, Mehmel’s transactions on September 17 and 18 amounted to over $1.7 million in stock sales. Transaction Breakdown: September 17: Sold 9,148 shares at an average price of $67.74 and 2,909 shares at $68.29. September 18: Sold 7,892 shares at $67.77, 2,897 shares at $68.54, and 2,154 shares at $69.27. These prices ranged from a low of $67.74 to a high…

M&G Investments Sees Value in Longer-Duration Government Bonds and Non-U.S. Equities MUMBAI (Multibagger) – In a recent statement, M&G Investments revealed that they are finding attractive valuations in some longer-duration government bonds and non-U.S. equities. This insight comes from a multi-asset fund manager at the London-based firm, Gautam Samarth, who emphasized the importance of staying “reactive” to market moves. Following the Federal Reserve’s decision to cut interest rates by 50 basis points and revise its monetary policy outlook, M&G Investments remains on the lookout for contrarian opportunities in the market. According to Samarth, they have exposure in U.S., UK, and…