Quality Online Education Stock (OTC: QOEG)

Latest news for Quality Online Education (OTC:QOEG) Stock

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

QUALITY ONLINE EDUCATION by Quality Online Education Group Inc.

Quality Online Education Group Inc

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

News

Small Cap

Movers

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

Price Target

Analyst Ratings

ASMB

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

Offerings

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

WIIM

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

Biotech

General

ADTX

Aditxt's Subsidiary Pearsanta Partners With Evofem Biosciences For Targeted U.S. Launch Of Endometriosis Diagnostic In Mid-2025, Aiming To Be The First Validated Blood-Based Test

VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) reported quarterly losses of $(0.33) per share which missed the analyst consensus estimate of $(0.21) by 57.14 percent. This is a 37.5 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $357.00 million which missed the analyst consensus estimate of $460.09 million by 22.41 percent. This is a 8.84 percent increase over sales of $328.00 million the same period last year.

Earnings

Earnings Misses

VinFast Auto Q2 EPS $(0.33) Misses $(0.21) Estimate, Sales $357.00M Miss $460.09M Estimate

Wedbush analyst Jay McCanless reiterates Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Neutral and maintains $144 price target.

Reiteration

Wedbush Reiterates Neutral on Lennar, Maintains $144 Price Target

Warren Buffett's 2024 strategy is shaking up Wall Street. The Oracle of Omaha isn't sticking to the sidelines and his <a href="https://www.benzinga.com/startups/24/08/40581525/warren-buffetts-quiet-power-move-why-hes-betting-35-billion-on-a-yet-to-be-proven-renewable-energy-s">moves have everyone talking.</a> While Buffett is known for his long-term focus, he's been busy making some significant changes to Berkshire Hathaway's portfolio, both in 2023 and continuing into 2024.&nbsp;
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a></li>
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First off, Buffett has sold off his stakes in General Motors and Activision Blizzard. That's right – completely gone. For Activision, it was all about timing. Microsoft's acquisition of the gaming company went through and Buffett saw an opportunity. He had been holding onto Activision as an arbitrage play, waiting for the deal to close. Once it did, Berkshire cashed out, reportedly raking in $1.2 billion.&nbsp;
General Motors? That's a bit more surprising. Buffett had been a longtime supporter of the auto giant but decided to sell off his entire $848 million stake. The auto industry has been hit with challenges from rising interest rates and shifting economic conditions, so it appears Buffett decided it was time to exit.
See Also: General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50/share with a $1,000 minimum.</a>
Speaking of opportunities, one of Buffett's more unexpected moves is his investment in the Atlanta Braves. Yes, the baseball team. Berkshire Hathaway bought about $8 million worth of shares in Atlanta Braves Holdings. Sports teams aren't typically Buffett's game, but the Braves have been performing well and sports franchises often have loyal fan bases and steady revenues. In times of market volatility, that kind of stability can be appealing.
But that's not all. In 2024, Buffett has also been buying into Sirius XM Holdings and Liberty Sirius XM Series A/C. Both of these investments are tied to the entertainment sector, signaling Buffett's continued interest in areas that can provide predictable cash flow and growth, even during uncertain market times.
Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market –<a href="https://www.benzinga.com/money/wolfpack"> here&#8217;s how to get equity in it with just $500</a>
Also in 2024, Buffett made other notable moves, including a <a href="https://www.benzinga.com/startups/24/08/40464408/is-it-a-sign-warren-buffetts-latest-move-with-apple-stock-is-still-puzzling-investors-but-there-may">reduction in Apple stock – </a>cutting his stake by over 50% while still holding a dominant position. His strategy this year seems to be all about balancing his portfolio between steady performers and fresh opportunities.
So, what's the take-away? Buffett isn't just selling because he's worried about the economy. He's adjusting, looking for value in unexpected places and positioning Berkshire Hathaway for the long haul.
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Startups

Warren Buffett's 2024 Strategy: Selling GM And Activision, Buying Atlanta Braves–Here's Why

Loop Capital analyst Alton Stump maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Hold and lowers the price target from $50 to $45.

CBRL

Loop Capital Maintains Hold on Cracker Barrel Old, Lowers Price Target to $45

CHWY

Chewy shares are trading lower after the company announced the public offering of shares by a selling stockholder and a concurrent share repurchase.

BNTX

Pfizer And BioNTech Receive Positive CHMP Opinion For Omicron KP.2-Adapted COVID-19 Vaccine In EU, Awaiting European Commission Authorization To Ship

Morgan Stanley analyst Ravi Shanker downgrades FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from Equal-Weight to Underweight and lowers the price target from $215 to $200.

Downgrades

Morgan Stanley Downgrades FedEx to Underweight, Lowers Price Target to $200

Ahead of the 2024 presidential election, the front yard of Warren Buffett in Omaha, Nebraska, could play a pivotal role in shaping the outcome.
What Happened: In Nebraska's 2nd Congressional District, a single electoral vote could be crucial. Neighbors are closely watching to see if a blue-dot sign appears outside Buffett's home. These signs, part of a grassroots effort, symbolize Democratic solidarity in a predominantly Republican area, The Wall Street Journal <a href="https://www.wsj.com/us-news/blue-dot-signs-warren-buffett-presidential-race-a9a26579">report</a> on Friday.
Buffett's history of supporting Barack Obama and Hillary Clinton has raised hopes among Democrats. One neighbor even sent Buffett a handwritten letter urging him to display a blue-dot sign. His daughter, Susan Buffett, already has two signs in her yard.
The blue-dot campaign was initiated by Jason Brown, who lives near Buffett. Inspired by the Democratic National Convention, Brown's idea has led to thousands of signs being distributed across Omaha. The signs are especially concentrated in Buffett's upscale neighborhood.
See Also: <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Data Scientist Who Called 2020 Election Correctly Says Its Gone From &#8216;Drastic Landslide In Trump&#8217;s Direction To A drastic landslide For Harris&#8217;</a>
Brown and his wife, Ruth Huebner-Brown, have distributed over 5,000 signs and plan to produce more. They request a $10 contribution to cover costs and pledge to donate any profits. Despite the grassroots effort, Buffett has not commented on whether he will display a sign.
Why It Matters: The influence of Warren Buffett in political circles has been significant over the years. In 2017, Buffett surprisingly <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr">expressed support for Donald Trump'</a>s cabinet choices, indicating his pragmatic approach to politics. This bipartisan stance adds weight to his potential endorsement in the current election.
Recently, Elon Musk speculated that this time, Buffett might be <a href="https://www.benzinga.com/general/politics/17/01/8927406/trumps-newest-unlikely-ally-warren-buffett">positioning for a Kamala Harris win</a>, given his $277 billion cash reserve. This speculation comes amid a divided business community, with hedge fund manager John Paulson warning of a market exit if Harris wins. 
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</ul>
Image via Flickr
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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

Trump Vs. Harris: Will Warren Buffett Display A Blue Or Red Dot In His Front Yard? Neighbors Wait To See Who The Oracle Of Omaha Is Supporting

The European Medicines Agency&#8217;s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion for an update of Novo Nordisk A/S&#8217; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Wegovy&nbsp;(semaglutide 2.4 mg) label.
The label <a target="_blank" href="https://www.novonordisk.com/content/nncorp/global/en/news-and-media/news-and-ir-materials/news-details.html?id=170500" rel="noreferrer noopener">update</a> incorporates data showing that Wegovy, when added to the standard of care, can reduce heart failure-related symptoms and improve physical limitations and exercise function in people with obesity-related HFpEF, with or without type 2 diabetes.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/09/40813963/ozempic-maker-novo-nordisk-touts-encouraging-data-from-new-obesity-pill-showing-double-weight-los" rel="noreferrer noopener">Ozempic Maker Novo Nordisk Touts Encouraging Data From New Obesity Pill Showing Double Weight Loss Compared To Wegovy</a>
Heart failure affects at least 64 million people worldwide and is especially prevalent in obese and/or type 2 diabetes patients.
Heart failure with preserved ejection fraction (HFpEF) is now the most common form of heart failure, comprising approximately 50% of all heart failure cases.
The positive opinion is based on the results from the STEP HFpEF and STEP HFpEF-DM trials.
In both trials, Wegovy&nbsp;demonstrated greater reductions in heart failure-related symptoms, improvements in physical limitations, and weight loss compared to placebo.
The label update also incorporates data that showed that participants receiving Wegovy&nbsp;achieved a greater increase in exercise function, as measured by the difference in 6-minute walking distance (6MWD) from baseline to week 52, compared to those receiving placebo.
The recommendation to incorporate the data from the STEP HFpEF trials adds to the recent Wegovy&nbsp;EMA label update, which included data from the SELECT landmark trial to reflect the risk reduction of heart attack, stroke, and cardiovascular death.
With the positive opinion from the CHMP, Novo Nordisk expects implementation of the EU label update shortly, following a linguistic review process by the EMA.
As communicated earlier this year, Novo Nordisk will resubmit to the FDA in 2025 to include data from the STEP HFpEF trials in the <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40229407/novo-nordisk-withdraws-wegovy-fda-heart-failure-submission-terminates-development-of-two-early-st" rel="noreferrer noopener">Wegovy&nbsp;label in the U.S</a>.
In its quarterly earnings report, Novo Nordisk announced that it had submitted the Wegovy STEP HFpEF trials data for regulatory review in the U.S. and EU in January 2024. However, following discussions with the FDA, the company withdrew the submission.
Novo Nordisk said it plans to resubmit the file in early 2025, incorporating additional data, including findings from the kidney outcomes trial for its once-weekly injectable semaglutide 1.0 mg.
Price Action: NVO stock is down 0.42% at $134.32 during the premarket session at last check Friday.
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Photo by Tobias Arhelger via Shutterstock

Large Cap

Health Care

European Drug Agency Supports Novo Nordisk's Blockbuster Weight-Loss Drug Wegovy For Obesity-Related Heart Failure

Morgan Stanley analyst Dara Mohsenian downgrades PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from Overweight to Equal-Weight and maintains the price target from $185 to $185.

Morgan Stanley Downgrades PepsiCo to Equal-Weight, Maintains Price Target to $185

ATNM

Actinium Pharmaceuticals Publishes Phase 3 SIERRA Trial Results Of Iomab-B In Journal Of Clinical Oncology, Highlights Success In Achieving Complete Remission And Event-Free Survival

Morgan Stanley analyst Rashad Kawan maintains Haleon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLN#NYSE">HLN</a>) with a Overweight and raises the price target from $9.9 to $10.95.

Morgan Stanley Maintains Overweight on Haleon, Raises Price Target to $10.95

Pepe's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) has been outperforming its dog-themed meme coin rivals, prompting calls for a surge to $10 billion and beyond.
What Happened: Pseudonymous crypto trader SomSpencer declared the arrival of the "meme season" in the crypto market, emphasizing the importance of PEPE as a key indicator. 
He stated that the meme coin has broken out and described Pepe as "the &#8220;meme index" for this crypto cycle, suggesting that its performance is a reliable indicator of the market&#8217;s risk appetite.
The trader <a href="https://x.com/SomSpencer1771/status/1836790093975031916">anticipates</a> PEPE to set new all-time highs in the current quarter, possibly before the election. He also predicts a significant liquidity shift from PEPE as it approaches a $10B billion market cap, with liquidity likely to rotate into midcaps and microcaps.
He concluded by stating, "No one is bullish enough. It&#8217;s time for an up-only market."
Another trader <a href="https://x.com/cryptojourneyrs/status/1836868278943371341">predicts</a> Pepe to overtake Shiba Inu based on Pepe&#8217;s market cap:trading volume ratio.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40876130/dogecoin-millionaire-highlights-pepe-and-dogecoin-as-two-biggest-meme-narratives-for-2025-">&#8216;Dogecoin Millionaire&#8217; Highlights Pepe and Dogecoin As &#8216;Two Biggest Meme Narratives For 2025,&#8217; Shiba Inu, Floki To Follow</a>
Why It Matters: IntoTheBlock data shows a 231.4% increase in large transaction volume and a 33.5% rise in daily active addresses. Transactions greater than $100,000 increased from 80 to 255 in the past two days.
Pepe's seven-day and 30-day gains stand at 13% and 8%, respectively. It has outperformed its rivals Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), up 3% and 6% over the past 30 days. In the past seven days, DOGE and SHIB are up 1% and 6%.
Pepe&#8217;s 24-hour trading volume at $1.7 billion exceeds that of both Dogecoin ($741.5 million) and Shiba Inu ($405 million) combined.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40881260/trader-shares-3-contrarian-takes-trump-meme-coin-an-obvious-buy-and-these-2-cryptos-are-de">Trader Shares &#8216;3 Contrarian Takes:&#8217; TRUMP Meme Coin &#8216;An Obvious Buy&#8217; And These 2 Cryptos Are &#8216;Deep Value&#8217; And Will Be &#8216;Outperforming Soon&#8217;</a></li>
</ul>

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Quality Online Education

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Latest news for Quality Online Education (OTC:QOEG) Stock