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Marygold Companies

The Marygold Companies Inc is engaged in identifying and acquiring established, profitable, undervalued companies in diverse sectors, and managing the portfolio to facilitate growth and add value for all stakeholders.

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$1.5M Bet On This Healthcare Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying

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Why Exact Sciences Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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	Asset Entities Inc. (NASDAQ: ASST) shares jumped 142% to $2.79 after the company announced the development of an AI bot as part of its AE360DDM suite of services on Discord.


Why Asset Entities Shares Are Trading Higher By 142%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

The Marygold Companies Inc

Medgold Resources Corp

SpaceX CEO Elon Musk, on Friday, continued his <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star" target="_blank" rel="noopener">ongoing criticism</a> of the Federal Aviation Administration (FAA) by leveling allegations of a lack of background in the field of aviation and space, at the wrong person.
What Happened: &#8220;Shouldn't the head of an organization responsible for regulating the safety of airplanes &amp; rockets know something about how they work?,&#8221; Musk wrote on social media platform X, formerly Twitter, referring to United States Deputy Secretary of Transportation Polly Trottenberg&#8216;s lack of background in aviation or space. However, Trottenberg is no longer the acting administrator of the FAA. 
<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">Shouldn't the head of an organization responsible for regulating the safety of airplanes &amp; rockets know something about how they work? <a href="https://t.co/4fegHMDS0L">https://t.co/4fegHMDS0L</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1837070410757677485?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trottenberg served as the acting administrator for FAA for merely a few months starting in June 2023 until Michael Whitaker was appointed the administrator in October. 
Whitaker, contrary to Musk&#8217;s opinion on FAA leadership, has a background in aviation. Before becoming FAA administrator, he was the chief operating officer at Supernal, a Hyundai Motor Group company developing an electric vertical take-off and landing (eVTOL) vehicle. He is a private pilot who also worked several years at United Airlines in the past.
Why It Matters: Musk has been criticizing the FAA over the past week &#8211; earlier this week, the CEO blamed the agency for the <a href="https://www.benzinga.com/news/24/09/40932353/spacex-continues-to-prepare-for-future-starship-flights-despite-delays-in-faa-launch-clearance-elon">delay in conducting the test flights</a> of its ambitious Starship launch vehicle.
"Flight 5 (of Starship) is built and ready to fly. Flight 6 will be ready to fly before Flight 5 even gets approved by FAA!," Musk&nbsp;said on Thursday.
He also accused the agency of favoritism towards Boeing after it <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star">proposed a fine of $633,009</a> on SpaceX for regulatory violations on Tuesday.
&#8220;The FAA leadership spends their resources attacking SpaceX for petty matters that have nothing to do with safety, while neglecting real safety issues at Boeing. This is deeply wrong and puts human lives at risk,&#8221; Musk wrote on Thursday. 
SpaceX also<a href="https://www.benzinga.com/markets/equities/24/09/40951122/elon-musk-blasts-faa-for-targeting-spacex-over-petty-matters-while-ignoring-boeings-safety-issue"> sent a letter addressed to key members </a>of the U.S. Congress, including Rep.&nbsp;Frank Lucas&nbsp;(R-Okla.) and Rep.&nbsp;Zoe Lofgren&nbsp;(D-Calif.), Sen.&nbsp;Ted Cruz&nbsp;(R-Texas) and Senate Commerce Committee Chair&nbsp;Maria Cantwell&nbsp;(D-Wash.) denying the FAA&#8217;s allegations of regulatory violations while also alleging that the federal agency lacks the resources to review licensing commercial spaceflight operations. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/09/40934031/teamsters-opts-to-not-endorse-either-harris-or-trump-for-upcoming-presidential-elections-citing-fail" target="_blank" rel="noreferrer noopener">Teamsters Opts To Not Endorse Either Harris Or Trump For Upcoming Presidential Elections, Citing Failure To Secure Pledges Of Non-Interference In Union Campaigns</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Tech

SpaceX CEO Elon Musk Rains Criticism At Wrong Person In His Ongoing Tirade Against FAA

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/19/final-trades-target-home-depot-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Stephanie Link of Hightower named Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) as her final trade.
On Thursday, Target tapped PepsiCo, Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) Jim Lee as its CFO and a member of its leadership team, effective Sept. 22. Lee brings over 25 years of experience in finance, strategy and more at PepsiCo. 
Lee will take over from COO Michael Fiddelke. Lee has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
Kevin Simpson of Capital Wealth Planning said The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) would be a tremendous beneficiary of lower interest rates. The company has a dividend yield of 2.3%, he added.
Home Depot recently agreed to a settlement of almost $2 million to resolve allegations that it overcharged customers at checkout. The lawsuit, filed by prosecutors from six California counties, accused the retailer of "scanner violations," where the prices at checkout were higher than the advertised prices. The case was brought to the San Diego County Superior Court, reported NBC News.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners picked iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) as his final trade.
Price Action:
<ul>
<li>Target gained 1.9% to close at $156.49 during Thursday's session.</li>
<li>Home Depot shares gained 1.7% to settle at $390.34 on Thursday.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 2% during Thursday's session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Shutterstock

Media

Target, Home Depot And More On CNBC's 'Final Trades'

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $215 to $200. Morgan Stanley analyst Ravi Shanker downgraded the stock from Equal-Weight to Underweight. FedEx shares gained 0.7% to close at $300.39 on Thursday.<a href="https://www.benzinga.com/quote/FDX/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Loop Capital cut the price target for Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from $50 to $45. Loop Capital analyst Alton Stump maintained a Hold rating. Cracker Barrel shares fell 1.1% to close at $41.11 on Thursday. <a href="https://www.benzinga.com/quote/cbrl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) price target from $72 to $62. Goldman Sachs analyst Jerry Revich maintained a Neutral rating. Terex shares fell 3.6% to close at $53.83 on Thursday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) price target from $3,900 to $3,350. Evercore ISI Group analyst Greg Melich maintained an Outperform rating. AutoZone shares fell 1.1% to close at $3,040.09 on Thursday. <a href="https://www.benzinga.com/quote/azo/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $100 to $110. Baird analyst Jonathan Komp maintained an Outperform rating. NIKE rose 0.1% to close at $80.98 on Thursday. S<a href="https://www.benzinga.com/quote/nke/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Piper Sandler increased Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) price target from $320 to $329. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Accenture shares fell 0.3% to close at $335.24 on Thursday. <a href="https://www.benzinga.com/quote/acn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) price target from $150 to $165. TD Cowen analyst Andrew Charles maintained a Hold rating. Darden shares gained 8.3% to close at $172.27 on Thursday. <a href="https://www.benzinga.com/quote/dri/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital decreased the price target for Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from $50 to $40. RBC Capital analyst Matthew Hedberg downgraded the stock from Outperform to Sector Perform. Rapid7 shares rose 1.5% to close at $34.35 on Thursday.<a href="https://www.benzinga.com/quote/rpd/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Needham cut DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) price target from $33 to $22. Needham analyst Laura Martin maintained a Buy rating. DoubleVerify shares fell 0.4% to close at $17.23 on Thursday. <a href="https://www.benzinga.com/quote/dv/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) price target from $18 to $30. JMP Securities analyst Aaron Hecht maintained a Market Outperform rating. American Healthcare shares gained 3.6% to close at $25.41 on Thursday. <a href="https://www.benzinga.com/quote/ahr/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying Nike stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png" alt="" class="wp-image-558256" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-768x367.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164.png 1415w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40952252/nvidia-tesla-rally-as-dow-s-p-500-surge-to-fresh-highs-after-fed-cuts-rates-fear-index-remains-in-g">Nvidia, Tesla Rally As Dow, S&amp;P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Price Target

Analyst Ratings

CBRL

Nike To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Friday

WIIM

FBIO

Fortress Biotech shares are trading lower after the company announced the pricing of a $8 million registered direct offering and concurrent private placements.

Management

CDXC

ChromaDex Names Ozan Pamir As CFO

Offerings

Fortress Biotech Prices $8M Registered Direct Offering Of 3,939,394 Shares At $1.65/Share; In Concurrent Private Placements To Issue To Investors Warrants To Purchase 3,939,394 Shares Of Common Stock At $1.84/Share

FCUV

Focus Universal Announces Listing Transfer To Nasdaq Capital Market, Effective September 23, 2024

EnerSys Selected For $199M Award Negotiation By U.S. Department Of Energy To Develop Lithium-Ion Cell Gigafactory In South Carolina, With Plans To Invest $615M Over Four Years

Biotech

General

DRTS

Alpha Tau Receives FDA Approval To Begin Multi-Center Study Of Alpha DaRT For Immunocompromised Patients With Recurrent cSCC

DaVinci, a vaporization technology company <a href="https://www.benzinga.com/cannabis">beloved by cannabis enthusiasts</a>, has unveiled its latest innovation, the IQ3 vaporizer, which promises to deliver a cooler, cleaner and more flavorful vaping experience. 
Featuring the patented Cool Core system, this device cools vapor by 50% compared to earlier DaVinci models, enhancing the overall session by offering a refreshingly smooth sensation with every puff. The introduction of this system caters to consumers who prioritize flavor, ensuring the purest possible vapor.
The Cool Core chamber, made from zirconia glass, is a standout feature. It not only delivers cool vapor but can be pre-chilled in the freezer for an even frostier hit. This attention to temperature control sets the IQ3 apart from its predecessors. According to DaVinci, this system allows users to truly taste the terpenes, ensuring a heightened, more enjoyable high.
<h3 class="wp-block-heading">Larger Oven, Superior Construction</h3>
Designed for the modern consumer, the IQ3 boasts a 33% larger oven capable of holding up to 0.7 grams of material, making it ideal for extended solo sessions. The oven's zirconia glass pearl further optimizes heating, ensuring consistent results with every use.
See also: <a href="https://www.benzinga.com/markets/cannabis/23/07/33272740/8-cannabis-vapes-that-will-blow-your-mind-because-vaping-doesnt-have-to-be-disappointing">8 Cannabis Vapes That Will Blow Your Mind &#8211; Because Vaping Doesn&#8217;t Have To Be Disappointing</a>
The IQ3 also embraces durability without sacrificing elegance. It is constructed from aircraft-grade brushed aluminum and incorporates zirconia glass vapor paths, which preserve the integrity of the flavors while ensuring an airtight seal for a smooth draw. This combination of robust materials with cutting-edge technology ensures a vaporizer that's built to last while providing an unmatched vaping experience.
<h3 class="wp-block-heading">Personalized Vaping Experience</h3>
Beyond the Cool Core system, the IQ3 offers a fully customizable experience. It comes equipped with DaVinci's Smart Path technology, allowing users to select one of four preset temperature paths or adjust the temperature manually with precision control down to 1°F. This ensures each session can be tailored to individual preferences.
A new Air Dial feature boosts air velocity by 70%, creating smoother, more flavorful hits. The temperature control allows the device to heat up to 430°F (221°C) within 30 seconds, ensuring minimal waiting between sessions. Combined with a removable 21700 battery that provides up to 90 minutes of run time, the IQ3 is designed for longevity and convenience. Type-C charging also ensures a fast recharge, making it easy to maintain throughout the day.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Built For The Connoisseur</h3>
The IQ3 is engineered for the discerning vape enthusiast. It provides on-device and in-app dosage control, allowing users to carefully track and adjust their consumption. The device has been rigorously tested for heavy metals, offering peace of mind to users, the company says.
This vaporizer doesn't just deliver cool vapor; it's built for pure flavor and precise control. The 0.7g oven capacity is specifically designed for dry herbs, appealing to those who prefer natural materials. The combination of innovative cooling, precise temperature settings and a large-capacity oven sets the IQ3 apart from other vaporizers in its class.
Retailing at $299, the device comes with a 10-year warranty.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy of DaVinci.

Cannabis

Cannabis Vaping Redefined: DaVinci's New IQ3 Offers Cool Vapor, Enhanced Flavor

B of A Securities analyst Joshua Shanker maintains Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) with a Buy and raises the price target from $47 to $56.

TRUP

B of A Securities Maintains Buy on Trupanion, Raises Price Target to $56

U.S. stock futures were lower this morning, with the Nasdaq futures falling over 80 points on Friday.
Shares of FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) fell sharply in today's pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.
FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">estimates of $4.80 per share</a>.
FedEx shares dipped 13.1% to $260.92 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares dipped 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li>MillerKnoll, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) shares declined 5.4% to $25.99 in the pre-market trading session as the company reported downbeat first-quarter financial results on Thursday.</li>
<li>Adient plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) shares fell 5.1% to $21.43 in pre-market trading.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares declined 5% to $22.75 in pre-market trading.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) slipped 5% to $3.46 in pre-market trading.</li>
<li>Hafnia Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) shares fell 4.9% to $7.34 in pre-market trading.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) shares declined 3.1% to $186.45 in pre-market trading. Lennar reported better-than-expected financial results for the third quarter. The company said it sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40952252/nvidia-tesla-rally-as-dow-s-p-500-surge-to-fresh-highs-after-fed-cuts-rates-fear-index-remains-in-g">Nvidia, Tesla Rally As Dow, S&amp;P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

ADNT

HAFN

MLKN

RZLV

VEEA

FedEx Reports Downbeat Results, Joins MillerKnoll And Other Big Stocks Moving Lower In Friday's Pre-Market Session

FDX: -13% &#x7C; <a href="https://www.benzinga.com//node/40955401">FedEx shares are trading lower after the company reported worse-than-expected Q1 financial results and cut FY25 guidance. Also, Baird maintained an Outperform rating on the stock but lowered its price target from $340 to $320.</a>
&nbsp;
TNON: 85% &#x7C; <a href="https://www.benzinga.com//node/40947542">Tenon Medical shares are trading higher after the company announced the issuance of three notices of allowance for patent applications from the UPSTO.</a>
&nbsp;
GNFT: 22% &#x7C; <a href="https://www.benzinga.com//node/40955656">GENFIT shares are trading higher. The company reported H1 financial results.</a>

GNFT

TNON

Market-Moving News for September 20th

Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) will release earnings results for its first quarter of 2025 after the <a href="https://www.benzinga.com/quote/WOR/earnings">closing bell on Tuesday, Sept. 24.</a>
Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 74 cents per share. That&#8217;s down from $2.06 per share in the year-ago period. Worthington projects to report quarterly revenue of $300.26 million for the quarter. according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 10, Worthington Enterprises said it has begun modernization project at Chilton, Wisconsin, Campus.
With the recent buzz around Worthington Enterprises, some investors may be eyeing potential gains from the company's dividends. Worthington Enterprises currently has a dividend yield of 1.46% — a quarterly dividend of 17 cents a share. That amounts to about 68 cents a year.
To earn $500 monthly from Worthington Enterprises, start with a yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Worthington Enterprises' $0.68 dividend: $6,000 / $0.68 = 8,824 shares
So, an investor would need to own approximately $410,757 worth of Worthington Enterprises, or 8,824 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.68 = 1,765 shares, or $82,161 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
WOR Price Action: Shares of Worthington Enterprises rose 2.6% to close at $46.55 on Thursday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Earnings

How To Earn $500 A Month From Worthington Enterprises Stock Ahead Of Q1 Earnings

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Clearway Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>) with a Buy rating and announces Price Target of $35.

Initiation

CWEN

Jefferies Initiates Coverage On Clearway Energy with Buy Rating, Announces Price Target of $35

Cabot Corporation Chosen For $50M Award Negotiation By U.S. Department Of Energy To Develop First Commercial-Scale Battery Material Facility In The U.S.

Battalion Oil Corporation (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BATL#AMEX">BATL</a>) shares are trading higher after the company disclosed an amendment to its Merger Agreement with Fury Resources, Inc., where Fury will acquire all outstanding common stock of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40948402/battalion-oil-corporation-announces-amendment-to-merger-agreement-with-fury-resources-inc" rel="noreferrer noopener">Battalion for $7.00 per share in cash</a>.
In December 2023, Battalion Oil disclosed a merger agreement, under which Fury agreed to acquire all outstanding shares of Battalion&#8217;s common stock for $9.80 per share in cash. The initial deal represented a total transaction <a target="_blank" href="https://www.benzinga.com//node/36256881" rel="noreferrer noopener">value of approximately&nbsp;$450 million.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BATL stock has lost over&nbsp;69%&nbsp;in the year-to-date period.
Fury has confirmed capital commitments for the transaction, including $200 million in debt financing from Fortress Credit Corp. and AI Partners Asset Management Co., Ltd., $188 million in Preferred Stock commitments with $173 million from the Rollover Stockholders and $15 million from AI Partners Asset Management Co., Ltd., and $160 million in equity commitments for the acquisition of new common stock in Fury.
The transaction is anticipated to close in the fourth quarter of 2024, pending approval from the Battalion&#8217;s stockholders and satisfaction of other customary closing conditions outlined in the Merger Agreement.
Avi Mirman, Co-Founder and Chairman of Fury Resources, said, &#8220;With this acquisition, Fury has secured a foothold in one of the world&#8217;s most prolific basins. Our team has significant experience in the region, and we believe these assets present a compelling value proposition for our investors.&#8221;
After closing, Fury is expected to hold about $100 million in cash, net of acquisition costs and fees.
Matt Steele, Battalion CEO, said, &#8220;This transaction has taken longer than anyone at the table intended. Despite that, the teams persevered to achieve the best outcome for BATL stockholders. The company and Fury will work diligently in the coming months to close this transaction and position Fury for a successful transition.&#8221;
As of June 30, 2024, the company had $160.2 million in outstanding debt and around <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40379266/battalion-oil-corporation-announces-second-quarter-2024-financial-and-operating-results" rel="noreferrer noopener">$0.3 million in letters of credit</a>.
Price Action: BATL shares are up 120% at $6.47 premarket at the last check Friday.
Image via Shutterstock
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Equities

BATL

Why Is Battalion Oil Stock Jumping Premarket Friday?

Jefferies analyst Dennis Ding upgrades Assembly Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASMB#NASDAQ">ASMB</a>) from Hold to Buy and raises the price target from $2 to $35.

Upgrades

ASMB

Jefferies Upgrades Assembly Biosciences to Buy, Raises Price Target to $35

Arq Announces Pricing Of $25M Public Offering Of Common Stock At $5.25 Per Share, Expected To Close September 23, 2024

Sable Offshore shares are trading lower after the company announced a $150 million private placement of 7.50 million shares.

Marygold Companies GAAP EPS of -$0.10, revenue of $8.2M

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Marygold Companies Inc (MGLD) Stock Adds 0.95% This Week; Should You Buy?

Marygold Companies GAAP EPS of -$0.03, revenue of $8.5M

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Is Marygold Companies Inc (MGLD) Stock Worth a Buy Monday?

Marygold Companies Inc (MGLD) is around the bottom of the Financial Services sector according to InvestorsObserver.MGLD received an overall rating of 0, which means that it scores higher than 0% of stocks. Additionally, Marygold Companies Inc scored a 0 in the Financial Services sector, ranking it higher than 0% of stocks

Is Marygold Companies Inc (MGLD) a Laggard in the Financial Services Sector?

Marygold Companies reports Q1 results

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Marygold Companies (NYSEMKT:<a href="https://investorplace.com/stock-quotes/mgld-stock-quote/">MGLD</a>) just reported results for the third quarter of 2024.<ul><li>Marygold Companies reported earnings per share of -1 cent.</li><li>The company reported revenue of $7.88 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/07/mgld-stock-earnings-marygold-companies-for-q3-of-2024/">MGLD Stock Earnings: Marygold Companies Reported Results for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MGLD Stock Earnings: Marygold Companies Reported Results for Q3 2024

Marygold Companies GAAP EPS of -$0.05, revenue of $8.3M

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Press Releases

The Marygold Companies Reports Fiscal 2023/Q4 Financial Results

The Marygold Companies to Participate in Virtual Tech Sector Investor Conference, Hosted by Maxim Group's M-Vest Platform October 11, 2023

The Marygold Companies Reports Financial Results for 2024 First Fiscal Quarter

Marygold Named "Most Innovative" by Best In Biz Awards Program for Recently Introduced Mobile Fintech App

The Marygold Companies Reports Financial Results for the Second Quarter and First Half of Fiscal 2024

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Marygold Companies

Marygold Companies (MGLD) Forecast

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