Hagerty, Inc. announced the pricing of its upsized secondary offering of 9,250,000 Class A shares at $11.95 per share, with an option for underwriters to buy an additional 1,387,500 shares. The offering, expected to close around September 11, 2026, is conducted by Hagerty Holding Corp., which will use the net proceeds to redeem shares for the Kim Hagerty Revocable Trust. Hagerty itself will not receive proceeds from the sale. This move helps the selling stockholder manage its holdings without diluting Hagerty's capital. The offering is managed by Wells Fargo Securities and J.P. Morgan, among others.
On August 30, 2026, the Cronos blockchain experienced a major rollback of 10,961 blocks, erasing nearly two hours of transaction history due to a $120.4 million exploit on the Tectonic lending protocol. The attacker artificially inflated the TONIC to...
PCB Bancorp received a cautious Buy rating due to improved earnings, solid asset quality, and strong capital ratios. The stock trades at a low valuation with a forward P/E of 9.42 and offers a 3.13% dividend yield. However, the bank's portfolio is he...
Carvana's stock has gained about 15% since early June 2026, defying persistent bearish sentiment and volatility. The company remains popular for customers seeking an alternative to traditional car dealerships, supported by high revenue growth expecta...
AT&T reported strong operating results for the second quarter, highlighting fiber expansion and wireless convergence as key growth drivers. Despite concerns about competition from SpaceX, the company's valuation remains attractive with a forward P/E ...
The iShares MSCI United Kingdom ETF (EWU) is highlighted as an attractive option for investors seeking focused exposure to UK equities. Despite recent underperformance compared to the S&P 500, positive economic indicators like rising PMI metrics sugg...
