Sainsbury (J) (OTC:JSAIY) Stock, Quote.Headers.trade-ideas

Sainsbury (J)

Founded in 1869, Sainsbury's is the second-largest UK grocery chain with around 15% market share. It operates around 600 supermarkets and 800 convenience stores, all in the U.K. The company has diversified away from core food by selling clothing, telecom equipment, and other nonfood items. In September 2016, it took a step further into nonfood retailing with the purchase of Home Retail Group, operating the Habitat and Argos chains (general merchandise and electronics stores), for GBP 1.10 billion. It has been selling products online since 1997.

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Bestway Group Acquires 3.4% Stake In UK Grocer Sainsbury; Dismisses Takeover Plan

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Retail stocks had mixed results during market hours Friday as early reports suggested the shopping holiday was off to a slower-than-normal start.

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Most Active On The OTC Markets In September – A Look Back As October Comes To A Close

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The SPDR S&amp;P 500 ETF Trust (NYSEARCA: SPY) declined by 9.62% in September – its largest decline in 2022.

Sainsbury (J) PLC

<ul>
<li>British multinational conglomerate&nbsp;Bestway Group Ltd&nbsp;has&nbsp;<a class="editor-rtfLink" href="https://www.about.sainsburys.co.uk/investors/regulatory-news" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">acquired&nbsp;</a>a 3.45% stake in&nbsp;J Sainsbury Plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/jsaiy#OTC">JSAIY</a>).</li>
<li>Bestway Group intends to hold its shares in Sainsbury&#39;s for investment purposes and looks forward to supporting the executive management team.</li>
<li>Bestway also said it might look to make further market purchases of Sainsbury&#39;s shares from time to time, subject to availability and price.</li>
<li>Bestway confirmed that it is not considering an offer for Sainsbury&#39;s.&nbsp;</li>
<li>The purchase of shares totals about &pound;193 million ($239 million) in value at Sainsbury&#39;s closing price on Thursday,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-01-27/bestway-group-takes-stake-in-j-sainsbury-no-offer-forthcoming?srnd=industries-consumer&amp;sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg</a>&nbsp;reported.</li>
<li>&quot;The news comes as a surprise to us and may spark some chatter around both Sainsbury and the wider sector with respect to corporate activity and equity values,&quot; the report quoted Clive Black, an analyst at house broker Shore Capital.</li>
<li>Price Action: JSAIY shares closed higher by 0.04% at $11.86 on Thursday.</li>
<li>Photo Via Company</li>
</ul>

The SPDR S&amp;P 500 ETF Trust (NYSEARCA: SPY) declined by 9.62% in September &ndash; its largest decline in 2022. The Fidelity NASDAQ Composite Index ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oneq#NASDAQ">ONEQ</a>) and the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA) mimicked this downward trend, showing monthly decreases in September of 10.54% and 8.98%, respectively.
OTC Markets Group Inc.&rsquo;s (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/otcm#OTCQX">OTCM</a>) regulated markets experienced a slight increase in total monthly volume, recording $39.5 billion in September compared to $39.3 billion in August.&nbsp;
<h3>A Dive Into The OTCQX Best Market&rsquo;s Most-Active List</h3>
The OTCQX Best Market recorded $7.3 billion in trading volume in September, a slight increase over the $6.9 billion traded in <a href="https://www.benzinga.com/markets/penny-stocks/22/09/28827948/a-quick-look-at-the-otc-markets-most-active-securities-in-august-heres-what-you-need-to-know">August</a>.
Despite Ethereum&rsquo;s successful completion of the Merge, trading volume in Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>) waned in September, dropping the security to third on the OTCQX Best Market&rsquo;s Most Active list. Steadfast performers Roche Holding AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rhhby#OTCQX">RHHBY</a>) and Grayscale Bitcoin Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTCQX">GBTC</a>) slotted into first and second place, respectively.&nbsp;
Additionally, OTCQX&rsquo;s top 10 most-active securities experienced a slight reshuffle in September, welcoming previously familiar faces in Danone (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/danoy#OTCQX">DANOY</a>) and in Deutsche Telekom AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTCQX">DTEGY</a>) and Akzo Nobel N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/akzoy#OTCQX">AKZOY</a>). The three newcomers displace BASF SE (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/basfy#OTCQX">BASFY</a>), Anglo American PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ngloy#OTCQX">NGLOY</a>) and Imperial Brands PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/imbby#OTCQX">IMBBY</a>) in the top 10 most-active securities list.&nbsp;
Other notable movers:
<ul>
<li>J Sainsbury PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/jsaiy#OTCQX">JSAIY</a>) claimed the 28th spot on the OTCQX&rsquo;s Most Active list, experiencing a 203% increase in trading volume.&nbsp;</li>
</ul>
<ul>
<li>Koninklijke Ahold Delhaize N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/adrny#OTCQX">ADRNY</a>) claimed the 15th spot on the OTCQX&rsquo;s Most Active list, experiencing a 127% increase in trading volume.&nbsp;</li>
</ul>
&nbsp;
<h3>The OTCQB Venture Market Experiences A Reshuffle</h3>
The OTCQB Venture Market recorded $642.6 million in trading volume in September, an increase from both July&rsquo;s $463 million and August&rsquo;s $601 million trading volume figures.
Like the OTCQX Best Market, the OTCQB Venture Market&rsquo;s top 10 Most Active list for the month saw new entries. Specifically, Todos Medical Ltd. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/tomdf#OTCQB">TOMDF</a>) and American Lithium Corp. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/liacf#OTCQB">LIACF</a>) made way for Global Tech Industries Group Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/gtii#OTCQB">GTII</a>) and Know Labs Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/knwn#OTCQB">KNWN</a>).
Similar to August, the OTCQB Venture Market witnessed a number of novelties in September. In addition to two new companies on the top 10 Most Active List, the constituents of the list experienced a shakeup. Biotechnology company CytoDyn Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/cydy#OTCQB">CYDY</a>), for example, dropped from most traded to seventh-most traded security, while newcomer Global Tech Industries took a giant leap all the way to first place. Lithium miner Lake Resources N.L. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/llkkf#OTCQB">LLKKF</a>) experienced a similar jump, rising to second place from eighth place last month.&nbsp;
Other notable movers:&nbsp;
<ul>
<li>Silver Mountain Resources Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/agmrf#OTCQB">AGMRF</a>) climbed to 11th place on the Most Active list and recorded an $8.9 million rise in trading volume compared to last month.</li>
</ul>
&nbsp;
<ul>
<li>Know Labs Inc. climbed to 10th place on the Most Active list for the OTCQB Venture Market and recorded a $7.7 million rise in trading volume compared to last month.</li>
</ul>
<ul>
<li>BioLargo Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/blgo#OTCQB">BLGO</a>) climbed to 23rd place on the Most Active list and recorded a $2.3 million rise in trading volume compared to last month.</li>
</ul>
&nbsp;
The OTCQX And OTCQB Top 10
Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in September.&nbsp;
OTCQX Top 10:&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
September Dollar Volume
</td>
</tr>
<tr>
<td>
Roche Holding Ltd.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
</td>
<td>
$1,707,901,205
</td>
</tr>
<tr>
<td>
Grayscale Bitcoin Trust (BTC)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
</td>
<td>
$785,442,416
</td>
</tr>
<tr>
<td>
Grayscale Ethereum Trust (ETH)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
</td>
<td>
$685,952,488
</td>
</tr>
<tr>
<td>
adidas AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
</td>
<td>
$317,175,529
</td>
</tr>
<tr>
<td>
BNP Paribas
</td>
<td>
<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
</td>
<td>
$295,090,950
</td>
</tr>
<tr>
<td>
Deutsche Telekom AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/DTEGY/quote">DTEGY</a>
</td>
<td>
$268,213,144
</td>
</tr>
<tr>
<td>
Computer Services Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CSVI/quote">CSVI</a>
</td>
<td>
$216,708,362
</td>
</tr>
<tr>
<td>
Akzo Nobel N.V.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/AKZOY/quote">AKZOY</a>
</td>
<td>
$167,395,328
</td>
</tr>
<tr>
<td>
Danone
</td>
<td>
<a href="https://www.otcmarkets.com/stock/DANOY/quote">DANOY</a>
</td>
<td>
$167,340,096
</td>
</tr>
<tr>
<td>
Infineon Technologies AG&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
</td>
<td>
$158,503,975
</td>
</tr>
</tbody>
</table>
OTCQB Top 10:&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
September Dollar Volume
</td>
</tr>
<tr>
<td>
Global Tech Industries Group Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GTII/quote">GTII</a>
</td>
<td>
$119,304,739
</td>
</tr>
<tr>
<td>
Lake Resources N.L.&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/LLKKF/quote">LLKKF</a>
</td>
<td>
$24,528,742
</td>
</tr>
<tr>
<td>
Stemtech Corp.
</td>
<td>
<a href="https://www.otcmarkets.com/stock/STEK/quote">STEK</a>
</td>
<td>
$22,459,406
</td>
</tr>
<tr>
<td>
Northwest Biotherapeutics Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
</td>
<td>
$21,313,034
</td>
</tr>
<tr>
<td>
American Battery Technology Co.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
</td>
<td>
$16,729,817
</td>
</tr>
<tr>
<td>
Fannie Mae&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
</td>
<td>
$15,086,158
</td>
</tr>
<tr>
<td>
CytoDyn Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
</td>
<td>
$14,135,987
</td>
</tr>
<tr>
<td>
Netlist Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
</td>
<td>
$13,413,921
</td>
</tr>
<tr>
<td>
Freddie Mac&nbsp;
</td>
<td>
<a href="https://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
</td>
<td>
$12,995,635
</td>
</tr>
<tr>
<td>
Know Labs Inc.&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/KNWN/quote">KNWN</a>
</td>
<td>
$10,652,167
</td>
</tr>
</tbody>
</table>
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Featured photo by Kelly Sikkema on <a href="https://unsplash.com/photos/zcAgxLryKe4">Unsplash</a>

<ul>
<li>Amazon.com, Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) U.K. grocery business aims to match prices on everyday items versus&nbsp;Tesco PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tscdy#OTC">TSCDY</a>), intensifying rivalry against Britain&#39;s largest supermarket chain,&nbsp;<a class="editor-rtfLink" href="https://www.businesstimes.com.sg/consumer/amazon-is-starting-to-price-match-tesco-in-aggressive-uk-grocery-push" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the Business Times reports</a>.</li>
<li>Amazon chose to fight out Tesco&#39;s Clubcard loyalty initiative in the produce, meat, and fish categories.</li>
<li>Amazon expanded its business selling groceries in the U.K. under its Amazon Fresh banner, reaching 19 stores, including one outside London in the town of Sevenoaks.&nbsp;</li>
<li>Amazon also has deals like its private label range and offers same-day delivery on grocery orders in some areas.</li>
<li>Britain&#39;s grocers have battled to keep prices low for shoppers while coping with soaring inflation.&nbsp;</li>
<li>The grocers faced intense competition from German discounters Aldi and Lidl.&nbsp;</li>
<li>Tesco and&nbsp;J Sainsbury, the country&#39;s second-largest grocer, match hundreds of products to Aldi.</li>
<li>Amazon Fresh launched in the U.K. in 2016, while Tesco controls just over 27% of the market.&nbsp;</li>
<li>The Big Four grocers, Tesco,&nbsp;Sainsbury plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/jsaiy#OTC">JSAIY</a>),&nbsp;Morrison (Wm) Supermarkets PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mrwsy#OTC">MRWSY</a>), and Asda Group, control about two-thirds of the market.</li>
<li>Price Action:&nbsp;AMZN shares traded higher by 1.51% at $115.27 in the premarket on the last check Monday.</li>
</ul>

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Benzinga's Top Ratings Upgrades, Downgrades For July 8, 2021

Bernstein initiates coverage on Sainsbury (J) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JSAIY#OTC">JSAIY</a>) with a Underperform rating.

Bernstein Initiates Coverage On Sainsbury (J) with Underperform Rating

This article is from Benzinga&rsquo;s Partner Content team
For many foreign companies that are publicly traded (or one day would like to be), cross-trading in the U.S. is a critical component of accessing U.S. investors. And it should come as no surprise as to why.
The U.S. is by far the largest market in the world. In terms of market cap and number of high-net-worth investors, the U.S. markets are nearly greater than the rest of the globe combined.
<img src="https://lh5.googleusercontent.com/-_N0a-SuizK3VQmLkGIYeSjnDjm9HfpP8ctpi5QvvgnQiQ7wwp4AyNFUdM-kMeVMhLJjO-hz8OuMtnYwWsUkL4OK5OmKK2-vGcPJovOW4vpEsAHdJj5YEE4gkkSUmQ0supJBUX9yXwAQ-uCUIw" style="height:356px; width:550px" />
Source: World Bank Development Indicators
<img src="https://lh5.googleusercontent.com/PHo7OcSSlmU-CAia_sJ3wYbgPaWCZiMriapJq_AbWPdKt6NYKnMcipbwEnFG1xbMgfLHpovDEDM4dWpvNqdMRIUtFbJ6pzRfRkWA9AFoA0yyoMFU0QcHm9_hC7jSv9Drp5YVfL6yOoq_J2M3uQ" style="height:384px; width:525px" /> 
Source: Credit Suisse
For a public company, getting exposure to U.S. investors&mdash;i.e. allowing their shares to be traded by U.S.-based broker-dealers and settle in U.S. dollars&mdash;broadens their investor base and increases visibility. It enables investors to buy and sell shares through their brokerage during normal market hours, and also opens the door for U.S. funds that are precluded from investing directly in international markets.
There are a few methods a company can go about cross-trading. For larger companies, a secondary IPO on a foreign exchange is an option. This is the route Saudi Aramco&mdash;Saudi Arabia&rsquo;s state-owned oil &amp; gas company&mdash;is taking as they search for a global exchange to list their secondary offering.
However, a secondary offering is not the only option, and, in some cases, is not the optimal approach. Amendments to the Securities Exchange Act and subsequent off-exchange deregulation have given foreign issuers with a listing on a home market exchange a more cost-effective option for accessing institutional and private investors in the U.S. through cross trading on the OTCQX Best Market.
Many large global issuers, including easyJet plc (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ejttf#OTCQX">EJTTF</a>), J Sainsbury plc (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/jsaiy#OTCQX">JSAIY</a>), Danone (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/danoy#OTCQX">DANOY</a>), BNP Paribas (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/bnpqy#OTCQX">BNPQY</a>), Roche Holding Ltd. (OTCQX RHHBY), Heineken (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/heiny#OTCQX">HEINY</a>) and BASF (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/basfy#OTCQX">BASFY</a>)&nbsp;have chosen to trade their ADR and ordinary shares on OTCQX because it increases their visibility in the U.S. public market with a fair valuation. The company&rsquo;s shareholders also benefit because the reporting requirements to trade on OTCQX alleviate the burdensome, costly and duplicative requirements of a U.S. national exchange.
In 2018, nearly 89% of trading volume on OTC Markets came from foreign primary-listed issuers cross-trading in the U.S, and a 2018 study by <a href="https://www.otcmarkets.com/files/The%20OTCQX%20Advantage%20-%20Benefits%20for%20International%20Companies.pdf">Oxford Metrica</a> found that U.S. ownership of shares in foreign companies increased from an average 1.05% one year prior to joining OTC Markets to 7.76% after one year as a direct result of the cross-trading.
<h3>Enhancing Liquidity</h3>
Cross-trading in the U.S. also generally correlates to increased liquidity and shares, both in the company&rsquo;s home market and abroad.
According to the Oxford Metrica study, on average, international companies experience a 37% increase in trading volume when cross-trading on OTC Markets, and a 28% increase in liquidity on their home market.
In particular, firms listed on Canadian exchanges exhibit a 35% increase in average daily volume within their home market after joining the OTCQX Market, while companies listed in Asia exhibit a 30% rise and European firms see a 12% increase.
This is true for larger corporations&mdash;such as Roche and adidas (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTCQX">ADDYY</a>)&mdash;but especially so for smaller firms because of their smaller average daily trading volumes. According to the Oxford Metrica study, smaller companies generally exhibit a greater trading volume increase (43%) than larger companies (12%).
The study also found that international companies rise by an average of 1.5% in their home markets in the 180 days after joining OTCQX, speaking to the premium investors attribute to U.S. market exposure.
For global companies, the benefits of trading in the U.S. are clear. It&rsquo;s simply a question of how.
OTC Markets is a content partner of Benzinga
Photo by&nbsp;<a href="https://unsplash.com/@agent_illustrateur?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Christine Roy</a>&nbsp;on&nbsp;<a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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