Strive, an asset manager co-founded by Vivek Ramaswamy, purchased 1,375 Bitcoin for $109 million, raising its total holdings to 24,531 BTC worth over $1.9 billion. The company funds its Bitcoin buys mainly through its Variable Rate Series A Perpetual Preferred Stock (SATA), which has nearly $1 billion outstanding and pays a 13% variable dividend. This marks the third consecutive week of at least 5% growth in Bitcoin holdings, signaling strong institutional demand for structured Bitcoin exposure. Strive ranks as the fifth-largest publicly traded corporate Bitcoin holder, offering investors indirect Bitcoin exposure through its preferred stock.
Roivant Sciences saw its price target raised to $52 by Jefferies, reflecting a 24.7% potential gain, following positive Phase 2 trial results for mosliciguat, a drug treating pulmonary hypertension linked to interstitial lung disease. The trial showe...
EVI Industries reported Q4 revenue of $121.87 million, surpassing analyst expectations of $117.1 million, and achieved a record fiscal year revenue of $446.6 million, marking a 15% increase year-over-year. The company met earnings per share forecasts...
Lakeland Industries continues to face profitability challenges with a projected negative EPS of -$0.06 and recent unprofitability. However, the company secured important contracts with the Hong Kong Government Flying Service and Airports of Thailand,...
Intel's stock surged after Northland Securities upgraded it from "Market Perform" to "Outperform" with a $120 price target, following Intel Foundry's progress in High Numerical Aperture Extreme Ultraviolet (High-NA EUV) lithography. Intel has process...
Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...
