INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of SelectQuote, Inc. (NYSE: SLQT) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
GlobeNewswire News Room· 2025-06-06 21:42
Company Overview - SelectQuote is a direct-to-consumer insurance platform that offers health, life, auto, and home insurance policies, as well as medication management services through its SelectRx pharmacy division [3] Allegations and Legal Issues - The Department of Justice filed a False Claims Act complaint against SelectQuote on May 1, 2025, alleging the company received millions of dollars in kickbacks from Humana in exchange for specific Medicare Advantage plan enrollments [4] - The complaint claims SelectQuote maintained a sales division that exclusively offered Humana policies and directed a significant portion of its business to Humana [4] Market Reaction - Following the filing of the complaint, SelectQuote's stock price fell by $0.61 per share, or 19.2%, closing at $2.56 per share on May 1, 2025 [5]
1 Wall Street Analyst Thinks Palantir Will Be a Trillion-Dollar Company. Can It Get There?
The Motley Fool· 2025-06-06 21:39
Core Viewpoint - Palantir Technologies has transformed from a slow-growth, unprofitable company to a fast-growing, highly profitable business, largely due to the launch of its Artificial Intelligence Platform (AIP) [2] Group 1: Company Performance - Since the start of 2023, Palantir's stock has returned nearly 2,000% [2] - The company now trades at a price-to-sales ratio of 105, indicating significant multiple expansion [3] - Palantir's revenue growth was 39% in its most recent quarter, suggesting strong ongoing performance [10] Group 2: Market Valuation and Predictions - Palantir's market cap has topped $300 billion, making it the most valuable pure-play software company [4] - Analyst Dan Ives predicts Palantir could reach a valuation of $1 trillion in two to three years, raising his price target from $120 to $140 [6][7] - The stock's current valuation presents challenges to achieving the $1 trillion goal, as it would still be considered expensive even with a 75% reduction in price-to-sales valuation [11] Group 3: Government Relations and Growth Drivers - The Trump administration has expanded the federal government's relationship with Palantir, encouraging agencies to share data using its platforms [9] - The scalability of Palantir's subscription software model and its history of expanding operating margins could lead to faster growth on the bottom line [11] - The broader demand for AI and the federal government's embrace of Palantir's services contribute to strong business prospects [12]
Palantir Rises 2.6% After Key Trading Signal
Benzinga· 2025-06-06 21:32
Core Insights - Palantir Tech, Inc. (PLTR) experienced a significant trading signal known as Power Inflow at a price of $124.90, indicating a potential uptrend and a possible entry point for traders [1][5]. Group 1: Trading Signals - The Power Inflow is a crucial indicator for traders, reflecting where institutional and "smart money" is moving in the market [1][5]. - This trading signal typically occurs within the first two hours of market open and helps gauge the stock's overall direction for the remainder of the day [3]. Group 2: Order Flow Analytics - Order flow analytics involves analyzing the flow of buy and sell orders, including their size and timing, to make informed trading decisions [2]. - Active traders interpret the Power Inflow as a bullish signal, suggesting a favorable market condition for potential investments [2]. Group 3: Performance Metrics - Following the Power Inflow, Palantir's stock reached a high price of $128.13 and a close price of $127.72, resulting in returns of 2.6% and 2.3% respectively [8].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Quipt Home Medical Corp. - QIPT
GlobeNewswire News Room· 2025-06-06 21:30
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Quipt Home Medical Corp and its officers or directors [1] Group 1: Investigation and Claims - Pomerantz LLP is conducting an investigation on behalf of investors of Quipt Home Medical Corp regarding possible securities fraud [1] - Investors are encouraged to contact Pomerantz LLP for more information about the investigation [1] Group 2: Shareholder Actions - Forager Capital Management, a major shareholder of Quipt, has requested the company to retract a statement made on May 21, 2025, which they claim is false and misleading regarding an acquisition offer [3] - Following the press release from Forager, Quipt's stock price decreased by $0.18, or 8.53%, closing at $1.93 per share on June 5, 2025 [3]
Eton Pharmaceuticals: Rapid Revenue Growth And Pipeline Catalysts Point To More Upside
Seeking Alpha· 2025-06-06 21:26
Core Insights - The article discusses the author's academic and professional background in Machine Learning, Economics, and Finance, highlighting affiliations with prestigious institutions and experience in financial advisory, particularly in banking and mergers & acquisitions [1]. Group 1 - The author holds a PhD in Machine Learning with a focus on Economics and Finance [1]. - The author has academic affiliations with IESE Business School, ESADE Business School, and the Barcelona Supercomputing Center [1]. - The professional experience includes working at Deloitte Financial Advisory, specializing in banking and mergers & acquisitions [1]. Group 2 - The author's interests include machine learning and generative AI applications in finance and economics [1]. - The author is proficient in programming languages such as Python, R, and SQL [1].
EXCLUSIVE: Trump Can 'Hurt Elon's Businesses,' Says Tesla Protest Organizer — But At This Point 'Who's Left' To Buy?
Benzinga· 2025-06-06 21:24
A feud between Tesla TSLA CEO Elon Musk and President Donald Trump could end Musk's ties with the White House — a development welcomed by Tesla protestors.However, "the job is definitely not done,” volunteer organizer Adam Sheridan tells Benzinga.Feud Comes Quicker Than Anticipated"There was a time limit on this relationship between them," Sheridan says. Sheridan is a volunteer organizer with the Cooper River Indivisible non-profit that participates in Tesla Takedown protests.Musk and Trump were on the same ...
Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $3 Trillion in 5 Years
The Motley Fool· 2025-06-06 21:15
Taiwan Semiconductor Manufacturing (TSM 0.84%) is one of the most important players in the global semiconductor industry, as it fabricates chips for many of the top fabless chipmakers and consumer electronics giants.The Taiwan-based powerhouse holds a dominant 67% share of the global third-party foundry market; second-place Samsung (which also produces its own chips in-house) has just 11% of the third-party foundry space. Moreover, TSMC's foundry market share has risen steadily from 58% a couple of years ag ...
High Roller Receives Notice of Non-Compliance with NYSE American Continued Listing Standards
GlobeNewswire· 2025-06-06 21:15
Core Viewpoint - High Roller Technologies is addressing compliance issues with NYSE American listing standards, aiming to submit a plan to regain compliance by July 4, 2025, after being notified of insufficient stockholders' equity [2][3][5]. Group 1: Compliance Status - On June 4, 2025, High Roller Technologies was informed that its stockholders' equity was approximately $2.8 million, below the required $4 million for continued listing [2]. - The company has reported losses from continuing operations in three of its four most recent fiscal years, which disqualifies it from certain exemptions under NYSE guidelines [2][3]. - The company must submit a compliance plan by July 4, 2025, to demonstrate how it will regain compliance within 18 months, or face potential delisting [3][5]. Group 2: Company Confidence and Strategy - High Roller Technologies expresses confidence in its ability to submit an acceptable compliance plan and regain compliance promptly [5]. - The CEO stated that the company is in a transformative period and is executing its strategy effectively [6]. - The company continues to operate its online casino brands, High Roller and Fruta, and maintains its listing on the NYSE American during this compliance period [4][6]. Group 3: Company Overview - High Roller Technologies is a leading global online gaming operator with a diverse portfolio of over 5,000 premium games from more than 90 providers [6]. - The company is known for its innovative casino brands and aims to deliver a user-friendly online gaming experience in the rapidly expanding iGaming industry [6].
BlackRock® Canada Announces Changes to the iShares Jantzi Social Index ETF
GlobeNewswire· 2025-06-06 21:07
Core Insights - BlackRock Canada announces that the iShares Jantzi Social Index ETF will experience higher than normal portfolio turnover due to changes in the evaluation process for the Morningstar Jantzi Social Index, effective June 20, 2025 [1][2] - The iShares ETF aims to replicate the performance of the Index, and the upcoming rebalance is expected to result in higher transaction costs and net capital gains, although the total net capital gains income will not be known until December 15, 2025 [1] - Morningstar will implement several changes to the Index, including a name change, semi-annual reviews, a new parent benchmark, and modifications to ESG exclusions and constituent selection criteria [2] Company Overview - BlackRock is a leading provider of financial technology and aims to enhance financial well-being for investors by making investing easier and more affordable [4] - iShares, a subsidiary of BlackRock, manages over 1,500 exchange-traded funds (ETFs) with assets under management totaling approximately US$4.3 trillion as of March 31, 2025 [5]
Digi Power X Announces Grant of Stock Options
GlobeNewswire· 2025-06-06 21:05
Core Viewpoint - Digi Power X Inc. has granted 1,145,000 stock options to its officers, directors, management, key consultants, and employees, which are exercisable at a price of C$2.09 for five years, fully vesting on the grant date [2]. Company Overview - Digi Power X is an innovative energy infrastructure company focused on developing advanced data centers to promote the growth of sustainable energy assets [3]. Stock Options Details - The stock options granted are in accordance with the Company's stock option plan and are subject to the policies of the TSX Venture Exchange [2].