Latest news with #Spark
National Business Review
an hour ago
- Business
- National Business Review
Spark accepts bid for stake in Aussie telco
Listed telecommunications company Spark has accepted an offer to sell its 10% stake in ASX-listed Hutchison Telecommunications Australia, despite calls for it to reject the bid by Hong Kong billionaire Li Ka-shing. Li Ka-shing's CK Hutchison Holdings in May announced an offer for the 12.3% of HTA
Business Insider
2 days ago
- Business
- Business Insider
Why Is Innovative Eyewear Stock (LUCY) Up 40% Today?
Innovative Eyewear (LUCY) stock underwent a huge rally on Friday after the smart optical wear company announced a collaboration with Smartech Retail Group. This partnership will see Smartech Retail Group feature Innovative Eyewear's Reebok Powered by Lucyd collection. A showcase of these, alongside other technology, will launch on July 22, 2025. Confident Investing Starts Here: Innovative Eyewear CEO Harrison Gross highlighted the potential of the deal with Smartech Retail Group to increase sales. He said, 'We have learned that prospective customers for smart eyewear greatly benefit from live demos in brick-and-mortar shops, and this often leads to rapid product adoption as they experience the value of the smart features firsthand.' LUCY stock was up 41.67% as of Friday morning, but is still down 33.74% year-to-date. With this comes strong trading activity, as some 1.04 million shares changed hands, compared to a three-month daily average of 1.69 million shares. Is Innovative Eyewear Stock a Buy, Sell, or Hold? Turning to Wall Street, coverage of Innovative Eyewear is thin. Fortunately, TipRanks' AI analyst Spark has it covered. Spark rates LUCY an Underperform (35) with no price target. It cites 'significant operational challenges, weak technical indicators, and unfavorable valuation metrics' as reasons for this stance.
Business Insider
2 days ago
- Business
- Business Insider
Why Is OceanPal Stock (OP) Down 20% Today?
OceanPal (OP) stock was down on Friday after the ocean-going transportation services company revealed plans for a public offering. That preliminary prospectus included plans to sell 9,316,770 shares of OP stock for an assumed price of $1.61 each. The shares would come bundled with warrants, which will allow holders to exercise them for additional shares. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The expected offering price of $1.61 per share is well below OP stock's prior closing price of $2.20, explaining why shares have fallen today. Additionally, the increase in outstanding shares will dilute the stakes of current investors, which is another factor that weighed down OP stock on Friday. Shares of OP stock were down 20% as of Friday morning, following a 24.14% drop on Wednesday. Investors will note that markets were closed yesterday for Juneteenth. Is OceanPal Stock a Buy, Sell, or Hold? Turning to Wall Street, four-star Leerink Partners analyst David Risinger offers the only coverage of OceanPal. He has a Buy rating for the shares with no price target. Spark, TipRanks' AI analyst, rates OP stock a Neutral (46) with no price target. It cites 'significant financial challenges, including negative profitability and cash flow issues' as reasons for this rating.
Business Insider
2 days ago
- Business
- Business Insider
Moving iMage Technologies Stock (MITQ) Surges 55% on a New Contract
Moving iMage Technologies (MITQ) stock rocketed higher on Friday after the digital cinema company announced a $9 million contract. This will have it sell and install 150 Barco laser projectors and accessories over the next three years. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The first installations will start later this year, ahead of the busy holiday movie season. Moving iMage Technologies also noted that the revenue from the contract will be split evenly over the next three years in its earnings reports. MITQ stock was up 57.04% in pre-market trading today. That's a positive switch from the 14.91% drop year-to-date and its 3.64% decline over the past 12 months. It also came with heavy trading, as some 38 million shares changed hands, compared to a three-month daily average of 51,360 shares. Is Moving iMage Technologies Stock a Buy, Sell, or Hold? Wall Street doesn't offer extensive coverage of Moving iMage Technologies, but TipRanks' AI analyst Spark fills that gap. Spark rates MITQ stock a Neutral (48) with a 50-cent price target, representing a potential 9.6% downside. It cites 'mixed financial performance and technical analysis' as the reasons for the rating.
Time of India
3 days ago
- Sport
- Time of India
Superior Spirit club wins KDMA League
Kanpur: A stellar century from Mayank Tiwari powered Superior Spirit club to a 62-run victory against Kanpur South club in the knock-out match of the KDMA league held at the HAL ground on Thursday. Superior Spirit, batting first, posted 263 for 5, with Mayank Tiwari remaining unbeaten on 173. Dhananjay contributed 59 and Jai Prakash added 21 runs. For Kanpur South, Ashutosh Pandey took 2 for 44 and Misham Abbas picked up 2 for 63. In reply, Kanpur South were bowled out for 201, with Shivanmshu Sachan scoring 51 and Ayush Pathak making 47. Dhananjay Yadav took 3 for 30 and Nitin Tomar took 3 for 54. In other knock-out encounters, KDMA, Spark club and Prince club also progressed after defeating their opponents. At Kanpur South Ground, KDMA defeated PAC by 25 runs. KDMA posted 297 for 7, with Sudhanshu top-scoring with 120, Satyam Dixit making 45, Sumit Rathore 26, Satnam Singh 23, and Mahi Katiyar 24. Virat Jaiswal took 2 wickets for 59 and Shivendra Srivastava claimed 2 for 83. Chasing 297, PAC were bowled out for 272. Virat Jaiswal made 96, Priyanshu Yadav 54, Anand Dubey 27 and Sandeep 27, while Saurabh Singh took 4 for 36, Abhinav Verma 3 for 60 and Satnam Singh 2 for 41. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like USDJPY đang đi lên không? IC Markets Đăng ký Undo On PAC- A ground, Spark club registered a 176-run win over Gandhi Gram. Spark club scored 248, driven by Harsh Rajput's 101 and Satyam Paswan's 57. Anuj Bharti made 23, while Aryan Pal took 3 for 57, Nikki Mishra claimed 2 for 20, Rishu took 2 for 32, and Tushar picked 2 for 57. Gandhi Gram were dismissed for just 72, with Neeraj Kumar contributing 16, as Pawan Yadav claimed 5 for 19, Ambuj Yadav 3 for 27 and Deepak Yadav 2 for 12. At Rashtriya Ground, Prince club overcame Sky club by 27 runs. Prince club finished on 173 runs with Harsh Verma scoring 60, Pankaj Kumar 26, Aryan Yadav 25, Vijay Bhan 25. Madhav Gupta picked up 3 for 29, Aman Yadav 2 for 29, Tanmay Pandey 2 for 34 and Vansh Juneja 2 for 43. Sky club managed 146 in response, with Veer Singh making 39 and Anurudha Singh 21. Vineet Nagar took 2 for 13, Pankaj Kumar 2 for 20, and Karan Pal 2 for 35.
