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VANCOUVER , Dec. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO ) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the fourth quarter of 2024. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payable on January 23, 2025 to all stockholders, preferred stockholders and operating partnership unitholders, as applicable, of record as of the close of business on January 9, 2025 . About City Office REIT, Inc. City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.6 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. Forward-looking Statements This press release contains both historical and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "approximately," "anticipate," "assume," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "seek," "should," "target," "will" and similar expressions, and variations or negatives of these words. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include, among other things, changes to CIO's expected liquidity position and the risk factors set forth in CIO's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent filings with the Securities and Exchange Commission. The statements made herein speak only as of the date of this press release, and, except as required by law, CIO does not undertake any obligation to publicly update or revise any forward-looking statements. Contact City Office REIT, Inc. Anthony Maretic , CFO +1-604-806-3366 [email protected] SOURCE City Office REIT, Inc.
By . . South Korea’s opposition said Tuesday it would hold back a decision to impeach acting president Han Duck-soo until later in the week. The opposition Democratic Party earlier said it would introduce an impeachment motion against Han on Tuesday to protest against the interim leader’s refusal to sign into law special bills to investigate his impeached predecessor. “We have decided to exercise patience, taking into account the sentiments of the people, and wait until the 26th (Thursday) to determine whether our demands are met,” floor leader Park Chan-dae said. The party originally set Christmas Eve as the deadline for Han to promulgate two special bills investigating suspended President Yoon Suk Yeol’s short-lived imposition of martial law, as well as graft allegations surrounding his wife, Kim Keon Hee. The conservative leader was stripped of his duties by parliament on December 14 following his brief declaration of martial law 11 days earlier, which plunged the country into its worst political crisis in decades. Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.Florida Surgeon General Ladapo urges communities to stop fluoridating their water
Stock market today: Wall Street rallies ahead of Christmas
From Ndubuisi Orji, Abuja When President Bola Tinubu transmitted four executive bills, intended to reform tax administration to the National Assembly, on October 3, it was taken for granted that the bills will be passed in matter of days, by the House of Representatives. The reason is simple. The House has always be beholden to the Executive. Since, the inception of the present administration, the Presidency has always gotten whatever it wants from the parliament with dispatch. However, with the four tax reform bills, which include the Joint Revenue Board of Nigeria (Establishment) Bill, 2024, The Nigeria Revenue Service (Establishment) Bill, 2024, The Nigeria Tax Administration Bill, 2024 -and the Nigeria Tax Bill, 2024, it has become a different kettle of fish. The tax reforms bills, since their transmission to the National Assembly have been trailed by controversy. First, the National Economic Council ( NEC), after a meeting, called for a pause to allow for further consultation. The NEC which is chaired by the Vice President, Kashim Shettima, has governors of the 36 states as members. Also, northern leaders,including Governor Babagana Zulum and the Northern Elders Forum( NEF), have also kicked against the proposed legislations, arguing that it is skewed against the North. However, the Presidency has continued to push for the bills. Three weeks ago, the Senate passed the tax bills for second reading and referred them to its Committee on Finance for further legislative action. However, the bills have been stalled in the Green chamber, owing to stiff opposition by members of the northern caucus. Contentious provisions The controversy trailing the tax reform bills stems principally from the proposed increase in the Value Added Tax ( VAT) and the distribution of revenue to the states. For instance, Section 146 of the Nigeria Tax Bill provides for an increase in VAT from the current 7.5 percent to 10 percent in 2025, 12 . 5 percent in 2026- 2029 and 15 percent in 2030. Also, Section 77 of the Tax administration bills states that revenue accruing from VAT shall be distributed on to the three tiers of government as follows: Federal Government- 10 percent; state government- 55 percent and local government 35 percent, “ provided that 60 percent of the amount standing to the credit of states and local governments shall be distributed among them on the basis of derivation.” However, this provision, especially Section 77 of Tax Administration Bill, has not gone down well with Northern leaders, who believe it will affect the region adversely. The League of Northern Democrats(LND), a political pressure group consisting of eminent Northern politicians, in its technical report on the tax bills, says the proposed increase in VAT seems hasty and would impose more hardship on the people. The LND, which is led by former Kano Governor, Ibrahim Shekarau, in the report, which was presented in Abuja last Thursday, noted that “records indicate that VAT was introduced at the rate of 5% in 1993, and was revised to 7.5% in 2020, a 2.5% increase after 27 years. “The proposal to increase VAT rate to 10% after only Four years appears too quick and hasty. This has the potential to exacerbate the current burden on households through direct increases in prices in a period of sustained high inflation. “This long-term plan for periodic increment in VAT rate is clearly unscientific apart from being technically unpredictable. Appropriate VAT rate should be determined by the economic situation in that period.” Politics of geography The tax reform bills , which has kept the parliament on the edge, since they were transmitted, have polarised the House into North/ South divide. At least on three occasions, in the last three weeks, the issue was a source of rancour in the Green Chamber. In one occasion, members of the House, shouted down the chairman, House Committee on Media and Public Affairs, Akin Rotimi, for what they considered a subtle attempt to push for the tax bills. Rotimi, while proposing a motion for the consideration of reports of the House Committee on Nigerian Content Development and Monitoring, on behalf of the chairman, , Boma Goodhead, had said he is from Ekiti, “the first state whose National Assembly caucus has unanimously endorse the tax bills.” Immediately, the members shouted him down, as the House erupted in protest, with members shouting no. No. The speaker, Tajudeen Abbas, in a bid to calm frayed nerves, cautioned Rotimi to stick to the subject matter. Abbas said “Mr Rotimi, you know this is a controversial issue. I don’t want you to be mentioning things that are not relevant to the subject matter. On your behalf, I withdraw that statement that you have made.” But aggrieved members were not swayed even after the spokesman retracted his words. Also, same day, a New Nigeria Peoples Party ( NNPP) member from Kano, Ghali Mustapha Tijani, while speaking under matters of privilege, asked for the resignation of the deputy spokesman of the House, Philip Agbese, for allegedly misrepresenting issues with respect to members position on the tax bills. The week before, the House had gone into an executive session as part of efforts to build consensus around the bills, preparatory for their second reading where the general principles will be debated. However, the session did not yield the desired fruits as some of the northern members pointedly told the leadership that the bills are against their people. Analysts say the three incidents reflects the disposition of members, especially those from the Northern part of the country to the tax reform bills. Amid rising tension, the leadership suspended deliberations on the bills, in the Green chamber to enable more consultations by members. Tijani, who represents Albasu/ Gaya/Ajingi Federal Constituency of Kano State, told journalists, in Abuja, that the tax reform bills came at the wrong time. According to the lawmaker, the bills, if passed into law, will impact negatively on the masses, especially as regards the payment of Value Added Tax ( VAT). According to him, “the four bills, to me, came at the wrong time. For simple reason, the policies of the current government have not helped the Nigerian poor. Similarly, there are two major areas of concern, the derivation as well as the increase in the VAT system. “You see, if you take the VAT, Section 146 talked about the increase in the VAT from 7.5% to 10% to 12% and to 15% by 2030. And nobody will tell you that this will not be transferred to the final consumer. No matter what, yes, you have talked about exemption, exemption for some certain cadre or scale or income, but the final consumer or the companies will transfer the VAT or the tax to the final consumer.” Tijani, who wondered why the government is pushing for the hasty passage of the tax bills, said the proposed legislations should be jettisoned all together. “The Executive should understand that this bill is generating serious concern, serious issue. I can tell you, if this bill is being implemented, the current problem we have today will multiply. The bills, I think, are not debatable. They should be completely discarded or put aside.” Daily Sun gathered that the Executive, as well as the proponents of the tax bills in the House, have stepped up efforts to woo those opposed to the proposed legislations, so that whenever it comes up for second reading, it will have a smooth sail. Two week ago, the Southern caucus in the House, openly expressed support for the bills, stating that they are open for dialogue. The chairman of the caucus, Nicholas Mutu, who disclosed this at a press briefing, in Abuja, said the Southern lawmakers have met over the bills and are in support of them. Mutu said “ The southern caucus of the House of Representatives has met. We welcome the bills and are we are open to dialogue. “ The lawmaker added that “we are open to dialogue. And at the right time, we will capture the people elements that is missing in the bill. The bill is good for Nigeria and it is people oriented bill. And we are happy to have the bill.” The chairman of the Bayelsa State caucus, in the House, Fred Agbedi, who also spoke at the briefing noted that there is no division in the House over the bills. According to him” Mr President has sent Executive Bills , what the Southern caucus is saying is that we are ready to take up our official responsibility of making laws for the nation. We welcome the bills and that as we process them, inputs are made from our various states and Constituencies. “Some states have already received those inputs. So we are in consonant with our constituents and the states that we represent. So we are ready to work to ensure that we give a better tax law to Nigerians. That is what is what we are interested in. There is nothing like Southern or Northern divide.” Like host communities fund, like tax bills The controversy trailing the tax reform bills, is reminiscent of what obtained in the House in the 9th assembly with respect to the Host Communities fund provided in the Petroleum Industry Act (PIA). The Host Community Fund, which is part of the key provisions of the PIA, had generated controversy prior to the passage of the Act. The House had recommended 5 percent as Host Fund, while the Senate settled for 3 percent. However, a conference committee of both chambers adopted 3 percent. The development sparked a row in the Green chamber, with Southern lawmakers, who stated that it was against the interest of their people, staging a walk out, after protesting on the floor of the House. Regardless, the parliament eventually adopted 3 percent as Host Community Fund. For the chairman, House Committee on Defence, Babajimi Benson, there is nothing unusual about the reaction to the proposed legislations on tax reforms.Benson, who represents Ikorodu Federal Constituency, recalls that similar controversies had trailed the 13 per cent derivation fund for oil-producing state, as well as the host community fund in the Petroleum Industry Act (PIA). “At every point in time, there’s no bill that has a national outlook that there won’t be interest colliding one way or the other. Our job is to sit down with our brothers, find the middle course and move ahead, “ he stated. Inside sources say the House leadership is working a tight rope over the tax reform bills. It was gathered that why the leadership does not have issues slating the bills for second reading, it is been careful to ensure, it does not incur the wrath of majority of members over the proposed legislations. Besides, there are fears that if the bills are slated for second reading without adequate consultations, it might scale through. In recent times, several bills had been killed on the floor, when they came up for second reading. For instance, recently, the House has rejected at least three bills, members felt strongly against. They include a bill seeking for rotation of governorship and presidential seats among the constituent part of a state and the country respectively, as well as a bill seeking to make it compulsory for a presidential candidate to secure more than 50 percent of votes in a election to be declared winner. Ironically, both bills which were sponsored by Ikeagwuono Ugochinyere and 32 others, and Awaji–Inombek Abiante were rejected even before the sponsors had the opportunity to lead debates on them. Similarly, another bill seeking to raise the educational qualifications for persons seeking to hold the office of President, was stepped down by the sponsor, Adewunmi Onanuga, after a very stormy debate on the general principles. Proponents of the tax reform bills are concerned that if there is no consensus on the proposed legislations, things may go awry. Consequently, both the Executive and their foot soldiers in the House are intensifying their engagements with those opposed to the bills. Interestingly, the House was unable to find a common ground on the bills, before proceeding on its Christmas holiday, on December 19. Expectedly, the four executive bills would be on the front burner, when the House resumes plenary on January 14, 2025. The question is can lawmakers find a common ground on the tax reform bills, especially on the contentious formula for sharing the proceeds of VAT amongst states and local government? It seems only time will tell.Barclays PLC increased its holdings in Heritage Financial Co. ( NASDAQ:HFWA – Free Report ) by 105.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,300 shares of the financial services provider’s stock after acquiring an additional 37,606 shares during the period. Barclays PLC owned about 0.21% of Heritage Financial worth $1,595,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also bought and sold shares of HFWA. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Heritage Financial during the 2nd quarter worth $25,000. Innealta Capital LLC bought a new position in Heritage Financial during the second quarter valued at about $27,000. Point72 DIFC Ltd purchased a new stake in Heritage Financial during the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in Heritage Financial in the second quarter worth about $31,000. Finally, GAMMA Investing LLC boosted its stake in Heritage Financial by 43.7% in the third quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock. Heritage Financial Price Performance Shares of NASDAQ:HFWA opened at $24.31 on Friday. The company has a 50-day moving average price of $25.08 and a two-hundred day moving average price of $22.23. Heritage Financial Co. has a twelve month low of $16.55 and a twelve month high of $27.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $830.28 million, a PE ratio of 22.51 and a beta of 0.55. Heritage Financial Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.78%. Heritage Financial’s payout ratio is 85.19%. Insider Buying and Selling In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of Heritage Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.50, for a total transaction of $78,837.50. Following the completion of the transaction, the executive vice president now owns 20,119 shares of the company’s stock, valued at $533,153.50. The trade was a 12.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . 1.68% of the stock is currently owned by insiders. Analysts Set New Price Targets Several equities research analysts have recently issued reports on the stock. Stephens raised their price target on shares of Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Piper Sandler raised their target price on Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.00. Check Out Our Latest Report on Heritage Financial Heritage Financial Company Profile ( Free Report ) Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Recommended Stories Five stocks we like better than Heritage Financial How to Invest in the Best Canadian Stocks S&P 500 ETFs: Expense Ratios That Can Boost Your Long-Term Gains How Technical Indicators Can Help You Find Oversold Stocks How AI Implementation Could Help MongoDB Roar Back in 2025 What Are Dividend Achievers? An Introduction Hedge Funds Boost Oil Positions: Is a Major Rally on the Horizon? Want to see what other hedge funds are holding HFWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Financial Co. ( NASDAQ:HFWA – Free Report ). Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter .
NEW YORK — Same iconic statue, very different race. With two-way star Travis Hunter of Colorado and Boise State running back Ashton Jeanty leading the field, these certainly aren't your typical Heisman Trophy contenders. Sure, veteran quarterbacks Dillon Gabriel from top-ranked Oregon and Cam Ward of No. 15 Miami are finalists for college football's most prestigious award as well, but the 90th annual ceremony coming up Saturday night at Lincoln Center in New York City offers a fresh flavor this year. To start with, none of the four are from the powerhouse Southeastern Conference, which has produced four of the past five Heisman winners — two each from Alabama and LSU. Jeanty, who played his home games for a Group of Five team on that peculiar blue turf in Idaho more than 2,100 miles from Manhattan, is the first running back even invited to the Heisman party since 2017. After leading the country with 2,497 yards rushing and 29 touchdowns, he joined quarterback Kellen Moore (2010) as the only Boise State players to be named a finalist. "The running back position has been overlooked for a while now," said Jeanty, who plans to enter the 2025 NFL draft. "There's been a lot of great running backs before me that should have been here in New York, so to kind of carry on the legacy of the running back position I think is great. ... I feel as if I'm representing the whole position." With the votes already in, all four finalists spent Friday conducting interviews and sightseeing in the Big Apple. They were given custom, commemorative watches to mark their achievement. "I'm not a watch guy, but I like it," said Hunter, flashing a smile. The players also took photos beneath the massive billboards in Times Square and later posed with the famous Heisman Trophy, handed out since 1935 to the nation's most outstanding performer. Hunter, the heavy favorite, made sure not to touch it yet. A dominant player on both offense and defense who rarely comes off the field, the wide receiver/cornerback is a throwback to generations gone by and the first full-time, true two-way star in decades. On offense, he had 92 catches for 1,152 yards and 14 touchdowns this season to help the 20th-ranked Buffaloes (9-3) earn their first bowl bid in four years. On defense, he made four interceptions, broke up 11 passes and forced a critical fumble that secured an overtime victory against Baylor. Hunter played 688 defensive snaps and 672 more on offense — the only Power Four conference player with 30-plus snaps on both sides of the ball, according to Colorado research. Call him college football's answer to baseball unicorn Shohei Ohtani. "I think I laid the ground for more people to come in and go two ways," Hunter said. "It starts with your mindset. If you believe you can do it, then you'll be able to do it. And also, I do a lot of treatment. I keep up with my body. I get a lot of recovery." Hunter is Colorado's first Heisman finalist in 30 years. The junior from Suwanee, Georgia, followed flashy coach Deion Sanders from Jackson State, an HBCU that plays in the lower level FCS, to the Rocky Mountains and has already racked up a staggering combination of accolades this week, including The Associated Press player of the year. Hunter also won the Walter Camp Award as national player of the year, along with the Chuck Bednarik Award as the top defensive player and the Biletnikoff Award for best wide receiver. "It just goes to show that I did what I had to do," Hunter said. Next, he'd like to polish off his impressive hardware collection by becoming the second Heisman Trophy recipient in Buffaloes history, after late running back Rashaan Salaam in 1994. "I worked so hard for this moment, so securing the Heisman definitely would set my legacy in college football," Hunter said. "Being here now is like a dream come true." Jeanty carried No. 8 Boise State (12-1) to a Mountain West Conference championship that landed the Broncos the third seed in this year's College Football Playoff. They have a first-round bye before facing the SMU-Penn State winner in the Fiesta Bowl quarterfinal on New Year's Eve. The 5-foot-9, 215-pound junior from Jacksonville, Florida, won the Maxwell Award as college football's top player and the Doak Walker Award for best running back. Jeanty has five touchdown runs of at least 70 yards and has rushed for the fourth-most yards in a season in FBS history — topping the total of 115 teams this year. He needs 132 yards to break the FBS record set by Heisman Trophy winner Barry Sanders at Oklahoma State in 1988. In a pass-happy era, however, Jeanty is trying to become the first running back to win the Heisman Trophy since Derrick Henry for Alabama nine years ago. In fact, quarterbacks have snagged the prize all but four times this century. Gabriel, an Oklahoma transfer, led Oregon (13-0) to a Big Ten title in its first season in the league and the No. 1 seed in the College Football Playoff. The steady senior from Hawaii passed for 3,558 yards and 28 touchdowns with six interceptions. His 73.2% completion rate ranks second in the nation, and he's attempting to join quarterback Marcus Mariota (2014) as Ducks players to win the Heisman Trophy. "I think all the memories start to roll back in your mind," Gabriel said. Ward threw for 4,123 yards and led the nation with a school-record 36 touchdown passes for the high-scoring Hurricanes (10-2) after transferring from Washington State. The senior from West Columbia, Texas, won the Davey O'Brien National Quarterback of the Year award and is looking to join QBs Vinny Testaverde (1986) and Gino Torretta (1992) as Miami players to go home with the Heisman. "I just think there's a recklessness that you have to play with at the quarterback position," Ward said. 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Thomas Barwick/DigitalVision via Getty Images Farmland Partners Inc. ( NYSE: FPI ) is emphasised today as we take a look at the agriculture REIT's latest prospects. While REITs can be a hot topic of conversation, the concept if often mundane to many due Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Kindly note that our content on Seeking Alpha and other platforms doesn't constitute financial advice. Instead, we set the tone for a discussion panel among subscribers. As such, we encourage you to consult a registered financial advisor before committing capital to financial instruments. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
TORONTO — Broad-based gains led Canada’s main stock index to close higher in the shortened Christmas Eve trading session, while U.S. stock markets also rose. The S&P/TSX composite index ended up 97.84 points at 24,846.82, as most sectors rose other than telecoms and health care. In New York, the Dow Jones industrial average was up 390.08 points at 43,297.03. The S&P 500 index was up 65.97 points at 6,040.04, while the Nasdaq composite was up 266.24 points at 20,031.13. The gains added to increases in recent days to help offset the drop in markets last week after the U.S. Federal Reserve released its latest outlook. The climb however was more likely related to year-end balancing than any change in sentiment, said Dustin Reid, chief fixed income strategist at Mackenzie Investments. “I think it’s mostly just year-end flows that are driving it. I don’t think there’s anything that’s particularly reversed in terms of sentiments since the Fed meeting,” said Reid. There’s reallocation by geography, moving asset classes and other adjustments to align portfolios that is likely affecting markets, he said. “I find that price action around month end, quarter end, and year-end, you shouldn’t try and ascribe a ton of fundamental cause as to why things are moving, because there’s a lot of flows happening below the surface that are probably driving the price action that are not necessarily fundamentally based.” The U.S. Fed guided for only two rate cuts in 2025 at its Dec. 18 meeting, which pushed down markets for the day. But Reid said the guidance was largely in line with expectations, and the strong U.S. economy has likely since helped boost markets. The Canadian market, meanwhile, might be benefiting a little from the expectations of even more rate cuts needed here than expected as the economy is showing softness. On Monday, Statistics Canada said its early estimate for November suggests real GDP for the month edged 0.1 per cent lower for the first drop this year. “The negative flash print for November really suggests that the bank is going to have a fair bit more work to do,” said Reid. “I think that the market is not pricing in enough easing for calendar ’25 for the Bank of Canada.” There was no economic data releases Tuesday to sway markets, he said. The Canadian dollar traded for 69.51 cents US compared with 69.47 cents US on Monday. The February crude oil contract was up 86 cents at US$70.10 per barrel and the February natural gas contract was up 16 cents at US$3.50 per mmBTU. The February gold contract ended up US$7.30 at US$2,635.50 an ounce and the March copper contract was up two cents at US$4.11 a pound.
has opened up on a tradition that has been broken this year amid the club’s poor run of form. , City have won just once in their last 12 games across all competitions and have slipped to seventh in the . Now 12 points behind league leaders Liverpool, it’s almost certain Guardiola’s side will not be crowned champions of England for a fifth year in a row as the target must surely be to ensure a top-four finish and Champions League qualification. With the Spaniard calling on his players to give it their all over the festive period in an attempt to turn around their dire form, has revealed City boss has called the squad in to train on Christmas Day. Ultimately this is with the Boxing Day clash at home to in mind. Though it’s not something that City players have become accustomed to in recent seasons. "We've been fortunate in the past couple of seasons that we haven't had to train on Christmas Day,” the City captain said when speaking on his ‘ . “We are doing this season because we've got Everton at 12.30 on Boxing Day. “But the last couple of seasons we've had Christmas Day off, which has been very nice..." Going into further detail with regards to training plans on Christmas Day, Guardiola issued a rallying cry to his players demanding total commitment. “We train today and we train tomorrow night, and then we stay here and then play on Boxing Day,” he said in the pre-match press conference. “Tonight and tomorrow, they will be with their families. Tomorrow night they will be here. Hopefully they want to be here - it is our job.” Guardiola will be hopeful for a change in fortunes on Boxing Day as there is a scenario where they can drop to 10th if they lose to Everton and other results go against them.Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Symbotic Inc. (NASDAQ: SYM) securities between February 8, 2024 and November 26, 2024. Symbotic is an automation technology company that engages in the production of a robotics and automation-based product movement Technology platform. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Symbotic Inc. (SYM) Failed to Disclose Material Weaknesses in its Internal Control Over Financial Reporting According to the complaint, on November 27, 2024, the Company filed with the SEC a Form 8-K/A, in which the Company revealed it had "identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024." Further, the Company indicated that its previously issued financial statements for the fourth quarter and fiscal year 2024 and the Company's supplemental presentation, should no longer be relied upon. On this news, the price of Symbotic stock fell over 35%, to close at $24 per share on November 27, 2024. What Now : You may be eligible to participate in the class action against Symbotic Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Symbotic Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at MENAFN24122024004107003653ID1109028414 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Intellia Therapeutics's NTLA short percent of float has risen 15.57% since its last report. The company recently reported that it has 18.91 million shares sold short , which is 21.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.83 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks Intellia Therapeutics Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Intellia Therapeutics has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. Comparing Intellia Therapeutics's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro , Intellia Therapeutics's peer group average for short interest as a percentage of float is 13.63%, which means the company has more short interest than most of its peers. Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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