Ferrari Completes Seventh Tranche of Share Buyback; Modine Launches $100M Repurchase Program; Sycamore Partners to Take Walgreens Private for $10B.
Market-Moving Event Alerts
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This week, StockNews.AI published 225 successful event alerts across multiple sectors, with over 20% driving price movements above 10%! This marks the fourth consecutive week of strong, reliable performance from our sentiment analysis that even surpasses results from the past three weeks.
*Data Captured Between 3/3 00:00am - 3/7 11:00 am EDT.
*Penny stocks are excluded from the 10%+ price change analysis.
Top 3 AI Events you can’t miss for today, 3/7.
GlobeNewsWire
BullishShortTermRACEShares Buyback
Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
- Ferrari purchased 666,666 shares for 299.99 million Euro.
- This is part of a 2 billion Euro buyback program.
- Ferrari now holds 15.79 million shares in treasury.
- Total buybacks since July 2022 reach 4.96 million shares.
- Buyback program may increase shareholder value and stock price.
PRNewsWire
BullishShortTermMODShares Buyback
Modine Announces $100 Million Share Repurchase Program
- Modine announces a $100 million share repurchase program.
- The program reflects confidence in long-term business strategy and shareholder value.
- Repurchase decisions depend on market conditions and capital assessment.
- The company aims for growth through disciplined capital allocation and innovation.
- Modine prioritizes improving air quality and conserving resources globally.
New York Post
VeryBullishShortTermWBAM&A
Walgreens to be taken private by Sycamore Partners in $10B deal
- Sycamore Partners to take WBA private for $10 billion.
- Buyout price is $11.45 per share, an 8% premium.
- SWBA shares rose nearly 6% in after-hours trading.
- Market value dropped from $100 billion to $9 billion.
- Competition from Amazon and Walmart impacted profit margins.
Here’re the top 5 most-surged stocks captured by our AI Event signal this week.
*Penny stocks are not included in the list.
GlobeNewsWire
BullishShortTerm 1025%VEROEarnings
Venus Concept to Release Fourth Quarter and Fiscal Year 2024 Financial Results on March 31, 2025
- Venus Concept will release Q4 and fiscal year 2024 results on March 31.
- A conference call will discuss financial performance and investor queries.
- The company has a strong portfolio in aesthetic technology and hair restoration.
- Venus Concept operates in over 60 countries with significant market reach.
- Industry support includes renowned healthcare investors backing Venus Concept.
GlobeNewsWire
BullishLongTerm 36.81%SWIMEarnings
Latham Group, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Provides 2025 Guidance
- SWIM's fiberglass pool sales exceeded U.S. market growth in 2024.
- Year-end cash balance was $56 million, supporting growth initiatives.
- Net sales for 2024 declined to $508.5 million, down 10.2%.
- 2025 guidance anticipates 8% sales growth and 19% EBITDA growth.
- Margin expansion of 320 basis points from lean manufacturing initiatives.
GlobeNewsWire
BullishLongTerm 35.46%GENKEarnings
GEN Restaurant Group, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
- GENK's revenue for 2024 reached $208.4 million, surpassing forecasts.
- Comparable restaurant sales in Q1 2025 have increased by 1% year-over-year.
- The company plans to open 10-13 new locations in 2025, including international expansion.
- A $5 million stock buyback program signals management's confidence in future growth.
- Restaurant-level adjusted EBITDA margins approached 18% for the full year 2024.
PRNewsWire
BullishLongTerm 30.63%CYRXEarnings
Cryoport Reports Fourth Quarter and Full Year 2024 Financial Results
- Cryoport's FY 2024 revenue was $228.4 million, matching expectations.
- Revenue from Cell & Gene Therapy grew 20% year-over-year.
- Gross margin improved to 45.8% in Q4 2024, up from 40.6%.
- Net loss for Q4 2024 was $18.7 million, significantly lower than 2023.
- 2025 revenue guidance set between $240-250 million amid market growth.
GlobeNewsWire
BearishShortTerm -28.37%JRVREarnings
James River Announces Fourth Quarter 2024 Results
- James River reported a substantial net loss of $94.0 million for Q4 2024.
- Excess and Surplus Lines premiums slightly increased but net written premiums decreased significantly.
- Company closed a $52.8 million reinsurance contract causing financial strain.
- Strategic partnership with Enstar enhances market positioning, despite high losses.
- Board changes may alter company strategy moving forward.
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