StockNews.AI Event Insights @ 7/17

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🫡 Here are big event alerts that have stock influences this week
Investopedia

BearishShortTerm -29.01%FIVELeadership Change

Five Below Stock Tumbles on CEO Departure, Lowered Guidance

  1. Five Below CEO resigned, COO assumes interim role, board searching for a permanent replacement.
  2. Company lowered guidance for Q2, citing decline in sales among lower-income consumers.
  3. JPMorgan analysts lowered price target for Five Below from $122 to $87.
Save you 4 mins
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GlobeNewsWire

BullishLongTerm 23.8%VIRTEarnings

Virtu Announces Second Quarter 2024 Results

  1. Virtu Financial, Inc. reported strong financial results for Q2 2024.
  2. Net income of $128.1 million, with a normalized EPS of $0.83.
  3. Total revenues increased 36.7% to $693.0 million.
  4. Completed refinancing of debt with $1.2 billion first lien term loan.
  5. Declared a quarterly cash dividend of $0.24 per share.
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GlobeNewsWire

BullishShortTerm 20.29%ABLEarnings

Abacus Life Provides Preliminary Second Quarter 2024 Results

  1. Expects total revenue between $28.0 and $30.0 million, growing 146-163% year-over-year.
  2. Expects net income between $0.0 and $1.0 million.
  3. Expects adjusted EBITDA between $15.0 and $17.0 million, growing 64-86% year-over-year.
  4. Scheduled second quarter 2024 earnings release for August 12, 2024.
  5. Successfully completed a public offering generating over $90 million of net proceeds.
Save you 12 mins
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GlobeNewsWire

BullishLongTerm 20.29%ABLM&A

Abacus Life Announces Agreement to Acquire Carlisle Management Company SCA

  1. Abacus Life, Inc. acquires Carlisle Management Company SCA for approximately $200 million.
  2. The acquisition adds $2 billion in assets under management to Abacus.
  3. Carlisle's expertise in life settlement investments strengthens Abacus' position as a global asset manager.
Save you 11 mins
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GlobeNewsWire

BullishLongTerm 18.24%PRPOEarnings

Precipio Reports $4.4M for Q2-2024 (unaudited) Revenues, a leap of 30% from Q1-2024

  1. PRPO unaudited revenues grew 30% from Q1 to Q2 2024.
  2. Pathology Division revenue at breakeven point, expected growth.
  3. Products Division has 3 key accounts going live with HemeScreen assays.
  4. CEO optimistic about company's profitability goals and customer response.
  5. Company focused on cancer diagnostics with innovative technologies.
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PRNewsWire

BearishShortTerm -18.18%SIGIEarnings

Selective Reports Second Quarter 2024 Results

  1. Net loss reported for SIGI in Q2 2024, with an ROE of (9.5)%
  2. NPW increased by 13% compared to 2023 Q2, combined ratio at 116.1%
  3. Commercial Lines renewal pure price increased by 7.9% in Q2 2024
Save you 26 mins
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The Motley Fool

BullishLongTerm 16.33%AEHRM&A

Aehr Test Systems Stock Soars on Artificial Intelligence (AI) Acquisition and Better-Than-Expected Annual Guidance

  1. Aehr Test Systems stock surged due to Q4 2024 results beating estimates.
  2. Aehr announced an AI-focused acquisition of Incal Technology for $21 million.
  3. Aehr's fiscal 2025 revenue guidance is at least $70 million, indicating growth potential.
Save you 7 mins
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The Motley Fool

BearishLongTerm -8.14%CMGStock Split

3 Premier Stock-Split Stocks I Wouldn't Touch With a 10-Foot Pole in the Second Half of 2024

  1. Stock-split stocks are questioned despite AI hype on Wall Street.
  2. Forward stock splits aim to make shares affordable for investors.
  3. Premier stock-split stocks like Nvidia, MicroStrategy, and Chipotle face challenges.
Save you 10 mins
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PRNewsWire

BullishLongTerm 7.09%PWRM&A

Quanta Services Acquires Cupertino Electric, Inc., A Premier Electrical Infrastructure Solutions Provider to the Technology and Renewable Energy Industries

  1. Combination creates comprehensive electrical infrastructure solution
  2. Expected to be accretive with estimated financial contributions
  3. Enhances Quanta's exposure to technology and renewable energy markets
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Zacks Investment Research

BearishShortTerm -5.74%MASILawsuit

Masimo (MASI) Sues Politan for Misstatements, Delays Annual Meet

  1. Masimo initiated legal action against Politan Capital Management in an ongoing proxy battle.
  2. New date set for 2024 annual meeting to ensure fair and informed shareholder vote.
  3. Masimo claims Politan made material misstatements in proxy materials.
  4. Shares down 6.3% YTD, conflict with Politan around CEO Joe Kiani's position.
  5. Politan denies inaccuracies in proxy materials, criticizes delay in annual meeting.
Save you 6 mins
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