KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 Stock (NYSE: KKRS)

Latest news for KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 (NYSE:KKRS) Stock

KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061

Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">OneWater Marine</h3>
<ul>
<li>The Trade: OneWater Marine Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) Chief Operating Officer Anthony M Aisquith <a href="https://www.benzinga.com/quote/ONEW/analyst-ratings">acquired a total of 10,000 shares at</a> an average price of $21.50. To acquire these shares, it cost around $215,000.</li>
<li>What's Happening: On Sept. 6, OneWater Marine filed for Class A common stock offering of up to $250 million.</li>
<li>What OneWater Marine Does: OneWater Marine Inc is a recreational marine retailer in the United States.</li>
</ul>
<h3 class="wp-block-heading">Medallion Financial</h3>
<ul>
<li>The Trade: Medallion Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFIN#NASDAQ">MFIN</a>) CFO Anthony N. Cutrone acquired a total of 5,500 shares at an average price of $7.52. To acquire these shares, it cost around $41,346.</li>
<li>What's Happening: On July 20, Medallion Finl posted upbeat quarterly sales.</li>
<li>What Medallion Financial Does: Medallion Financial Corp is a finance company that originates and services loans in various industries.</li>
</ul>
<h3 class="wp-block-heading">AST SpaceMobile</h3>
<ul>
<li>The Trade: AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) Director Adriana Cisneros <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 4,934 shares</a> at an average price of $26.27. To acquire these shares, it cost around $129,884.</li>
<li>What's Happening: On Sept. 5, AST SpaceMobile filed a prospectus for the offer and sale of up to $400 million Class A common stock from time to time.</li>
<li>What AST SpaceMobile Does: AST SpaceMobile Inc is a satellite designer and manufacturer. </li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40792510/jim-cramer-says-aes-is-very-inexpensive-recommends-buying-this-industrial-stock">Cramer Says AES Is &#8216;Very Inexpensive&#8217;, Recommends Buying This Industrial Stock</a></li>
</ul>

Long Ideas

News

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

ASTS

MFIN

ONEW

Executives Buying OneWater Marine And 2 Other Stocks

INFY

Infosys Partners With Clearstream To Enhance D7 Platform To Accelerate Time-to-market For Exchange Group's Customers And Improve Profitability

HC Wainwright &amp; Co. analyst Edward White downgrades Adicet Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACET#NASDAQ">ACET</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

ACET

HC Wainwright & Co. Downgrades Adicet Bio to Neutral

Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) disclosed that it has successfully demonstrated sustainable lithium production <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40789109/slb-achieves-breakthrough-results-in-sustainable-lithium-production" rel="noreferrer noopener">at scale at its Clayton Valley, Nevada, plant</a>.
SLB&#8217;s integrated solution offers a complete, end-to-end process that includes advanced impurity treatment and concentration technologies to produce high-purity lithium carbonate or hydroxide.
The company aims to accelerate the market availability of responsibly sourced lithium products. The solution extracts lithium from brine 500 times faster than traditional methods, using only 10% of the land.
The company stated that the plant achieved a verified lithium recovery rate of 96% from brine when operating at about one-tenth the size of a commercial facility.
The traditional lithium extraction process requires vast land and depletes water, leaving harmful residues. SLB&#8217;s solution minimizes water use and returns processed brine to its source, reducing environmental impact.
Gavin Rennick, president of SLB&#8217;s New Energy business said, &#8220;SLB&#8217;s demonstration plant in Clayton Valley proves our unique integrated approach to produce scalable quantities of lithium in the fastest, most economical and sustainable way for today&#8217;s market. This accelerates deployment of viable commercial-scale facilities for high-quality lithium products that are the backbone of our electrification economy.&#8221;
In July, Schlumberger reported a second-quarter 2024 revenue increase of 13% year-over-year to $9.139 billion,&nbsp;beating the consensus of $9.076 billion. Adjusted EPS increased 18% Y/Y to $0.85,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39859998/schlumberger-outshines-expectations-solid-international-growth-fuels-q2-success" rel="noreferrer noopener">above the consensus of $0.83</a>.
Investors can gain exposure to SLB via&nbsp;VanEck Oil Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) and&nbsp;IShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>).
Price Action: SLB shares are up 0.25% at $39.69 premarket on the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40804051" target="_blank" rel="noreferrer noopener">Dave &amp; Buster&#8217;s Stock Races Higher After Q2 EPS Beat: Details</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Large Cap

iShares Dow Jones US Oil Equipment & Services Index Fund

Schlumberger's Breakthrough In Lithium Production: Details

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Lexicon Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) with a Buy and maintains $10 price target.

Price Target

Reiteration

LXRX

HC Wainwright & Co. Reiterates Buy on Lexicon Pharmaceuticals, Maintains $10 Price Target

Needham analyst Chris Pierce reiterates Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) with a Hold.

LCID

Needham Reiterates Hold on Lucid Gr

Yunji Announced That It Plans To Change Its American Depositary Shares (ADSs) To Its Class A Ordinary Shares ADS Ratio To 1 ADS To 400 Class A Shares (From 1 to 100 Earlier)

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Stoke Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STOK#NASDAQ">STOK</a>) with a Buy and maintains $35 price target.

STOK

HC Wainwright & Co. Reiterates Buy on Stoke Therapeutics, Maintains $35 Price Target

Elon Musk reacted to a new incentive program by Kia targeting Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) EV owners.
What Happened: On Wednesday, Musk commented on a post by Tesla Investor Sawyer Merritt. Merritt shared news about Kia&#8217;s new cash incentive aimed at Tesla owners.
Merritt&#8217;s post was about an incentive being offered by Korean car maker, Kia, which is offering up to $1,500 to Tesla owners who switch to a new Kia EV. Musk responded, &#8220;But here's the rub, Tesla never has to bribe Kia drivers to buy a Tesla …&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">But here's the rub, Tesla never has to bribe Kia drivers to buy a Tesla … <a href="https://t.co/I9LfJKAJRa">https://t.co/I9LfJKAJRa</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1833558056665481513?ref_src=twsrc%5Etfw">September 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla, a dominant player for over a decade, has seen its <a href="https://www.benzinga.com/top-stories/24/07/39699502/tesla-loses-ground-elon-musks-ev-market-share-falls-below-50-for-first-time">market share fall below 50%</a> for the first time. Traditional automakers are attracting customers with newer models.
Kia, part of the Hyundai Motor Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>), is experiencing growth in EV and hybrid sales. To boost sales further, Kia introduced a national Tesla Competitive Bonus Program. This program offers a $1,000 discount on the new EV6 and a $9,000 discount on the larger EV9 for Tesla owners or lessees, <a href="https://www.carsdirect.com/deals-articles/kia-launches-tesla-conquest-cash-discount">according</a> to Cars Direct.
See Also: <a href="https://www.benzinga.com/news/24/09/40673148/t-mobile-customers-will-get-starlink-satellite-internet-directly-on-their-mobiles-first-and-others-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">T-Mobile Customers Will Get Starlink Satellite Internet Directly On Their Mobiles First And Others &nbsp;Only Later, Says SpaceX CEO Elon Musk</a>
Why It Matters: Musk&#8217;s response to Kia&#8217;s incentive comes at a time when the electric vehicle market is <a href="https://www.benzinga.com/news/24/06/39268925/cant-catch-tesla-yet-but-south-koreas-hyundai-and-kia-gain-ground-with-record-high-ev-market-share-i">becoming increasingly competitive</a>. 
Tesla has been a dominant force in the EV sector, but traditional automakers like Kia and Hyundai Motor Group are gaining ground. According to data from the Korea Automobile Manufacturers Association, Hyundai and Kia collectively secured 11.2% of the U.S. EV market in the first five months of 2024, a significant increase from <a href="https://www.benzinga.com/news/24/06/39268925/cant-catch-tesla-yet-but-south-koreas-hyundai-and-kia-gain-ground-with-record-high-ev-market-share-i">their 6.8% share in 2023</a>.
Moreover, Tesla has been employing its own set of incentives to <a href="https://www.benzinga.com/markets/asia/24/05/38911807/tesla-tries-to-boost-china-sales-with-free-supercharging-miles-after-price-cuts">boost sales in various markets</a>. For instance, in China, Tesla offered free supercharging miles to new customers and existing customers who replaced their tires at Tesla-operated service centers.
Additionally, Musk has been vocal about the inefficiency of <a href="https://www.benzinga.com/news/24/08/40124623/tesla-ceo-elon-musk-says-state-ev-incentives-are-seldom-used-maybe-lack-of-awareness-or-excessively">state EV incentives</a> in the U.S., stating that they are &#8220;seldom used&#8221; due to a lack of awareness or excessive paperwork.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40788042/tesla-engineer-pins-video-of-cybertruck-sustaining-damage-on-driving-through-fence-to-removal-of-sto?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Engineer Pins Video Of Cybertruck Sustaining Damage On Driving Through Fence To Removal Of Stock Parts</a></li>
</ul>
Image Courtesy of Tesla, Inc.
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tech

HYMTF

TSLA

Elon Musk Responds To Kia's New $1,500 Incentive For Tesla Owners: 'Tesla Never Has To Bribe Kia Drivers'

Copa Holdings Disclosed That, For August 2024, Capacity Increased By 8.2% & System-wide Passenger Traffic Rose By 5.8%, While System Load Factor Was 85.1%, 1.9 Percentage Points Lower Than In August 2023

Guggenheim analyst Howard Ma initiates coverage on Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Buy rating and announces Price Target of $100.

Initiation

ESTC

Guggenheim Initiates Coverage On Elastic with Buy Rating, Announces Price Target of $100

ENLT

Enlight Renewable Energy Announced The Initial Start Of Commercial Operations At Its Atrisco Solar & Energy Storage Project Outside Albuquerque, New Mexico

COHR

Coherent Announced New Additions To Its Optical Communications Test Portfolio With The Launch Of New High-port-count Instruments In The WaveShaper Family And Enhanced Offerings In The WaveMaker Family

Macro Economic Events

Econ #s

Economics

Germany 10-Year Bund Auction 2.110%	Vs. 2.220% Prior

Ascendiant Capital analyst Edward Woo maintains Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) with a Buy and lowers the price target from $9.5 to $9.

SURG

Ascendiant Capital Maintains Buy on Surgepays, Lowers Price Target to $9

Needham analyst Kyle Peterson reiterates Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and maintains $140 price target.

TNET

Needham Reiterates Buy on Trinet Group, Maintains $140 Price Target

Ascendiant Capital analyst Edward Woo maintains Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) with a Buy and raises the price target from $5.75 to $6.

DUOT

Ascendiant Capital Maintains Buy on Duos Technologies Group, Raises Price Target to $6

Tech billionaire Bill Gates has expressed deep concerns about the possibility of another pandemic in the near future.
What Happened: Gates highlighted that current global unrest could potentially lead to a significant conflict, in an interview <a href="https://www.cnbc.com/2024/09/09/bill-gates-on-what-keeps-him-up-at-night-war-another-pandemic.html">with</a> CNBC Make It. He also emphasized that even if a large-scale war is avoided, another pandemic is highly likely within 
"A lot of unrest" in the world could spark "a major war," Gates said. Even "if we avoid a big war &#8230; then, yes, there will be another pandemic, most likely in the next 25 years,&#8221; he said in the interview.
Gates pointed out that pandemics are becoming more frequent due to factors such as climate change and population growth. He questioned whether nations would be better prepared for the next pandemic than they were for COVID-19, specifically criticizing the United States for falling short of global expectations.
In his 2022 book, &#8220;How to Prevent the Next Pandemic,&#8221; Gates criticized various governments for their lack of preparedness and offered recommendations for future pandemic prevention. Despite some progress, he believes the global response remains insufficient.
Gates&#8217; concerns are also featured in the upcoming Netflix docuseries &#8220;What&#8217;s Next? The Future with Bill Gates,&#8221; premiering on Sept. 18. In the series, Gates discusses pandemic prevention with Dr. Anthony Fauci, who stresses the moral responsibility of wealthy nations to lead in disease prevention.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40787302/nvidia-shares-riding-on-huge-ai-tailwind-says-portfolio-strategist-why-expert-says-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years</a>
Why It Matters: Gates has been a prominent voice in global health and humanitarian efforts. His <a href="https://www.benzinga.com/personal-finance/24/09/40794858/bill-gates-efforts-to-eradicate-malaria-and-the-economic-impact-of-ridding-the-globe-of-this-dis">efforts to eradicate malaria</a> through the Bill and Melinda Gates Foundation underscore his commitment to combating diseases. Gates&#8217; multipronged approach includes reducing mosquito populations and protecting people from infection, which has significant economic implications, especially in impoverished regions.
Moreover, Gates&#8217; dedication to his work is <a href="https://www.benzinga.com/general/entertainment/24/09/40778448/bill-gates-says-retirement-sounds-awful-how-warren-buffett-inspires-billionaire-to-keep-wor">inspired by figures</a> like Warren Buffett. In a recent interview, Gates mentioned that retirement &#8220;sounds awful&#8221; and credited Buffett&#8217;s work ethic for his continued ambition.
Gates&#8217; focus on global health is not new. He has previously revealed a comprehensive <a href="https://www.benzinga.com/general/biotech/24/09/40758355/malaria-may-have-killed-half-of-humans-throughout-history-now-bill-gates-has-a-breakthrough-plan-">strategy to eradicate malaria</a>, a disease responsible for millions of deaths throughout history. His plan includes groundbreaking technologies and innovations aimed at overcoming this ancient foe.
However, Gates has faced public <a href="https://www.benzinga.com/news/24/09/40764466/woman-once-confronted-bill-gates-on-the-street-over-vaccine-conspiracy-heres-what-he-said">scrutiny and conspiracy theories</a>, particularly regarding vaccines. He has addressed these misconceptions publicly, emphasizing the importance of accurate information in combating global health crises.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40761709/anthony-scaramucci-trump-will-lose-then-start-panicking-over-november-sentencing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Will Lose, Then &#8216;Start Panicking&#8217; Over November Sentencing</a></li>
</ul>
Image Via European Commission 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Health Care

General

Bill Gates Warns Of Another Pandemic In Next 25 Years, Accelerated By Climate Change And Population Growth: Calls For Better Preparedness Amid Rising Threats

Ascendiant Capital analyst Edward Woo maintains Atossa Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOS#NASDAQ">ATOS</a>) with a Buy and raises the price target from $6.25 to $6.5.

ATOS

Ascendiant Capital Maintains Buy on Atossa Therapeutics, Raises Price Target to $6.5

Needham analyst Laura Martin reiterates Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Buy and maintains $115 price target.

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KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061

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Latest news for KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 (NYSE:KKRS) Stock