Latest news for Arc Minerals (OTC:ACMNF) Stock

Arc Minerals Ltd is engaged in the business of acquiring, exploring, and developing mineral properties. The company's project includes the Zambian Copper and Cobalt Project and the Botswana Project.

Arc Minerals Ltd

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading higher on Friday. On October 1, 2024, the company became a substantial shareholder in The Star Entertainment Group Limited, acquiring <a target="_blank" href="https://www.starentertainmentgroup.com.au/wp-content/uploads/2024/10/03-OCT-2024-ASX-Announcement-Notification-of-Substantial-Shareholding.pdf" rel="noreferrer noopener">156.99 million </a>ordinary shares, representing 5.47% voting power.
Star Entertainment is an Australian casino operator. The company has been in troubled waters due to liquidity issues, and shares dipped by 66% in 2023, reported Reuters.
Star Entertainment owns and operates The Star Sydney, The Star Gold Coast and Treasury Brisbane. It also manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government.
This week, JP Morgan expanded its Canadian business by launching two active ETFs on the Toronto Stock Exchange. The new ETFs target income-focused Canadian investors, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41144035/j-p-morgan-launches-new-etfs-plans-to-add-jobs-in-canada" rel="noreferrer noopener">offering capital appreciation and steady income</a>.
Along with this, JP Morgan planned to expand its asset management business in Canada, expecting to add up to 20 jobs over the next 18 months.
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are up 1.73% at $208.78 at the last check Friday.
Photo by Katherine Welles on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41178039/openai-secures-4b-credit-line-to-supercharge-ai-ambitions-and-expand-nvidia-powered-infrastructure-p" target="_blank" rel="noreferrer noopener">OpenAI Secures $4B Credit Line To Supercharge AI Ambitions And Expand Nvidia-Powered Infrastructure: &#8216;Provides Flexibility To Seize Future Growth Opportunities&#8217;</a></li>
</ul>

Equities

Large Cap

News

Media

iShares Trust Dow Jones US Financial Services Index Fund

JP Morgan Takes Stake In Australian Casino Operator Star Entertainment: Details

Cantor Fitzgerald analyst Sarah James reiterates Surgery Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) with a Overweight and maintains $43 price target.

Price Target

Reiteration

Analyst Ratings

SGRY

Cantor Fitzgerald Reiterates Overweight on Surgery Partners, Maintains $43 Price Target

UBS analyst Thomas Wadewitz upgrades C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) from Neutral to Buy and raises the price target from $100 to $140.

Upgrades

CHRW

UBS Upgrades C.H. Robinson Worldwide to Buy, Raises Price Target to $140

WIIM

SPDR Dow Jones Industrial Average ETF Trust

Major indexes are trading higher following a strong September Unemployment Rate and Nonfarm Payrolls data.

UBS analyst Joseph Spak downgrades Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from Buy to Neutral and lowers the price target from $20 to $14.

Downgrades

MBLY

UBS Downgrades Mobileye Global to Neutral, Lowers Price Target to $14

Cantor Fitzgerald analyst Sarah James reiterates R1 RCM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) with a Neutral and maintains $14.3 price target.

Cantor Fitzgerald Reiterates Neutral on R1 RCM, Maintains $14.3 Price Target

Craig-Hallum analyst Chase Knickerbocker maintains Harrow (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) with a Buy and raises the price target from $45 to $65.

HROW

Craig-Hallum Maintains Buy on Harrow, Raises Price Target to $65

Cantor Fitzgerald analyst Sarah James reiterates Health Catalyst (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCAT#NASDAQ">HCAT</a>) with a Overweight and maintains $16 price target.

HCAT

Cantor Fitzgerald Reiterates Overweight on Health Catalyst, Maintains $16 Price Target

TCEHY

TTWO

Tencent, Guillemot Family Are Said To Weigh Buyout Of Ubisoft

Craig-Hallum analyst Chase Knickerbocker maintains Eton Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETON#NASDAQ">ETON</a>) with a Buy and raises the price target from $8 to $10.

ETON

Craig-Hallum Maintains Buy on Eton Pharmaceuticals, Raises Price Target to $10

Cantor Fitzgerald analyst Sarah James reiterates HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) with a Overweight and maintains $392 price target.

Cantor Fitzgerald Reiterates Overweight on HCA Healthcare, Maintains $392 Price Target

Scotiabank analyst Konark Gupta reinstates Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Sector Perform and announces $196 price target.

Initiation

Scotiabank Reinstates Sector Perform on Waste Connections, Announces $196 Price Target

Craig-Hallum analyst George Sutton maintains Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) with a Hold and raises the price target from $10 to $11.

GDOT

Craig-Hallum Maintains Hold on Green Dot, Raises Price Target to $11

Arm Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) is certainly no slouch <a href="https://www.benzinga.com/topic/semiconductors">in the semiconductor space</a>.
The Cambridge, England-based firm is flexing its muscles, climbing an impressive 100.58% year-to-date and a massive 158.59% over the past year.
But before we get too dazzled by the AI-chip dreams of SoftBank's CEO Masayoshi Son, ARM's technical indicators are hinting at a more complex story. 
Is ARM still in the race to challenge Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)—or is the stock just catching its breath?
<h3 class="wp-block-heading">ARM Stock Chart: Short-Term Bears, Long-Term Bulls</h3>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085050/Screenshot-2024-10-04-at-5.33.48-PM.png" alt="" class="wp-image-580674" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085050/Screenshot-2024-10-04-at-5.33.48-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085050/Screenshot-2024-10-04-at-5.33.48-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
ARM stock&#8217;s price currently sits at $138.24, just shy of its eight-day and 20-day simple moving averages (SMA) of $142.35 and $138.53, respectively, waving the red flag of a short-term bearish trend. 
But zoom out a bit, and you&#8217;ll notice that ARM stock&#8217;s 50-day SMA of $131.86 and 200-day SMA of $122.27 suggest that long-term, the bulls are still quietly cheering from the sidelines.
<h2 class="wp-block-heading">Is ARM Overcooked? RSI, Bollinger Bands Say Maybe</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085104/Screenshot-2024-10-04-at-5.34.03-PM.png" alt="" class="wp-image-580675" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085104/Screenshot-2024-10-04-at-5.34.03-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085104/Screenshot-2024-10-04-at-5.34.03-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically speaking, ARM stock's MACD (Moving Average Convergence/Divergence) of 2.03 signals a bullish outlook, but here's where things get tricky. The RSI (Relative Strength Index) sits at 50.41, calmly in the neutral territory. 
Add to that ARM stock's position within its Bollinger Bands ($119.06 &#8211; $153.19), and you've got a stock that's teetering between a breakout or a pullback. 
In other words, ARM stock could be on the cusp of a downturn, especially with short-term bearish signals popping up.
Read Also: <a href="https://www.benzinga.com/government/24/10/41127863/despite-nvidia-selloff-bidens-law-and-taiwan-semis-advantage-offer-growth-potential">Despite Nvidia Selloff, Biden&#8217;s Law and Taiwan Semi&#8217;s Advantage Offer Growth Potential</a>
<h2 class="wp-block-heading">AI Dreams Meet Reality</h2>
But don't forget the bigger picture. ARM is integral to SoftBank's grand vision for artificial superintelligence. 
CEO Masayoshi Son recently predicted that AI would surpass human intelligence within a decade. With Arm's recent design wins in data centers and AI-focused developments, it's clear the company is positioning itself for massive growth. AI workloads fuel ARM's future success. But, in the near term, technicals warrant caution.
For now, the stock might be cooling off. With SoftBank driving ARM&#8217;s future in AI chips, data centers, and even industrial robots, this dip could be a buying opportunity for investors who are playing the long game.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41181374/softbanks-masayoshi-son-predicts-artificial-superintelligence-within-a-decade-after-testing-openais">SoftBank&#8217;s Masayoshi Son Predicts Artificial Superintelligence Within A Decade After Testing OpenAI&#8217;s &#8216;Strawberry&#8217; Models</a></li>
</ul>

Technicals

Tech

Trading Ideas

INTC

NVDA

ARM Stock: SoftBank's AI Goals Vs. Bearish Market Trends

Craig-Hallum analyst Jeff Van Rhee upgrades BlackSky Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKSY#NYSE">BKSY</a>) from Hold to Buy and maintains the price target from $10 to $10.

BlackSky Technology Inc. Class A Common Stock

BKSY

Craig-Hallum Upgrades BlackSky Technology to Buy, Maintains Price Target to $10

FORD

Forward Industries Shares Resume Trade Following Circuit Breaker Halt

UBS Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) short percent of float has risen 5.41% since its last report. The company recently reported that it has 12.38 million shares sold short, which is 0.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>UBS Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728049524_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for UBS Gr 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.
<h3>Comparing UBS Gr's Short Interest Against Its Peers</h3>
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 <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UBS Gr's peer group average for short interest as a percentage of float is 2.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into UBS Gr's Recent Short Interest

ServiceNow's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) short percent of float has risen 11.33% since its last report. The company recently reported that it has 3.44 million shares sold short, which is 1.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ServiceNow Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728049519_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ServiceNow 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.
<h3>Comparing ServiceNow's Short Interest Against Its Peers</h3>
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 <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ServiceNow's peer group average for short interest as a percentage of float is 5.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About ServiceNow?

Constellation Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>) short percent of float has risen 8.76% since its last report. The company recently reported that it has 6.49 million shares sold short, which is 2.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.33 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Constellation Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728049515_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Constellation Energy 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.
<h3>Comparing Constellation Energy's Short Interest Against Its Peers</h3>
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 <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Constellation Energy's peer group average for short interest as a percentage of float is 2.18%, 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? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CEG) - Analyzing Constellation Energy's Short Interest

Cantor Fitzgerald analyst Sarah James reiterates Acadia Healthcare Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) with a Neutral and maintains $90 price target.

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