Western Bulk Chartering Stock (OTC: WSSTF)

Latest news for Western Bulk Chartering (OTC:WSSTF) Stock

Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodities include coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.

WESTERN BULK CHARTERINGS by Western Bulk Charterings AS

Western Bulk Chartering AS

Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares are trading lower in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">premarket session on Wednesday</a>.
Today, the firm announced a significant step in strengthening its financial position <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42429213/quantum-computing-inc-announces-concurrent-offerings-of-common-stock-for-aggregate-proceeds-of-50-" rel="noreferrer noopener">through a dual securities offering</a>. The company entered into securities purchase agreements to sell a total of 10 million shares of common stock.
Of these, 1.54 million shares will be sold at a price of $5.00 per share in a registered direct offering with institutional investors, while the remaining 8.46 million shares will be sold in a concurrent private placement at the same price.
The combined offerings are expected to generate gross proceeds of $50 million, before expenses, with the closing anticipated on December 12, 2024, pending customary conditions.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a>
Quantum Computing said it plans to use the proceeds to support its working capital needs and general corporate purposes.
A significant portion of the funds will be directed toward advancing the company&#8217;s quantum technologies, including the continued buildout of its U.S.-based thin film lithium niobate (TFLN) Photonic Chip Foundry in Tempe, Arizona. The facility is on track to be completed in the first quarter of 2025.
Chris Boehmler, CFO of QCi, expressed optimism about the offerings, noting that the additional funds will strengthen the company&#8217;s balance sheet and support ongoing investments in research, development, and manufacturing.
This will help drive revenue, scale production, and accelerate progress on their quantum optimization machines and reservoir computers.
Price Action: QUBT shares are trading lower by 5.51% to $7.20 premarket at last check Wednesday.
Image via Shutterstock.
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QUBT

What's Going On With Quantum Computing Stock Today?

Deutsche Bank analyst Omotayo Okusanya initiates coverage on Realty Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) with a Hold rating and announces Price Target of $62.

Price Target

Initiation

Analyst Ratings

Deutsche Bank Initiates Coverage On Realty Income with Hold Rating, Announces Price Target of $62

USAU

U.S. Gold Says That Gross Proceeds From Non-brokered Registered Direct Offering Stood At $10.2M And The Transaction Closed On December 6, 2024

-Dow Jones, citing OPEC secondary sources

Macro Economic Events

Commodities

Economics

OPEC Crude Output Rose By 104,000 B/D In Nov. To 26.66M  B/D; OPEC Lowers 2025 Global Oil Demand Growth Forecast To 1.45M B/D From 1.54M B/D, Keeps 2025 Global Economic Growth Forecast At 3%

Deutsche Bank analyst Omotayo Okusanya initiates coverage on Essential Props Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPRT#NYSE">EPRT</a>) with a Buy rating and announces Price Target of $38.

EPRT

Deutsche Bank Initiates Coverage On Essential Props Realty with Buy Rating, Announces Price Target of $38

Deutsche Bank analyst Omotayo Okusanya initiates coverage on Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy rating and announces Price Target of $88.

Deutsche Bank Initiates Coverage On Agree Realty with Buy Rating, Announces Price Target of $88

William Blair analyst Sharon Zackfia downgrades Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) from Outperform to Market Perform.

Downgrades

PLAY

William Blair Downgrades Dave & Buster's Enter to Market Perform

ORCL

Arco, A Leading National Design-build Construction Firm, Has Implemented Oracle Textura Payment Management To Streamline And Automate Its Construction Payment Processes

Contracts

Jacobs Was Selected By Metro Vancouver To Provide Program Management Services For The Coquitlam Lake Water Supply Project

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Arvinas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) with a Buy and maintains $87 price target.

Reiteration

ARVN

HC Wainwright & Co. Reiterates Buy on Arvinas, Maintains $87 Price Target

ADCT

ADC Therapeutics Announced Positive Initial Data From The LOTIS-7 Phase 1B Open-label Clinical Trial Evaluating The Safety And Efficacy Of ZYNLONTA In Combination With The Bispecific Antibody glofitamab (COLUMVI) In Patients With Relapsed Or Refractory Diffuse Large B-cell Lymphoma (R/R DLBCL)

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/report/TSLA">stock closed up</a> 2.9% at $400.99 on Tuesday and is up 1.55% in pre-market trading after back-to-back price target (PT) revisions by analysts, with the latest PT revisions coming from Cantor Fitzgerald and Morgan Stanley.
What Happened: Cantor Fitzgerald on Tuesday hiked Tesla&#8217;s price target from $255 to $365 while maintaining a &#8220;neutral&#8221; rating. 
Morgan Stanley also hiked Tesla&#8217;s target price from $310 to $400 while maintaining an &#8220;overweight&#8221; rating. 
The two are the latest PT revisions for Tesla in the last few weeks. The company witnessed its last PT downgrade in September from RBC Capital. RBC Capital then lowered the company&#8217;s PT from $227 to $224. However, the investment bank has since then increased PT and now has an &#8220;outperform&#8221; rating on the stock and a $313 price target.
Year-to-date, the Tesla stock has gained over 61%, adding nearly $490 billion to investor wealth in this period. Tesla&#8217;s market capitalization has increased from $797 billion at the beginning of 2024 to $1.287 trillion as of market close on Tuesday.
Why It Matters: The most significant price target hike in recent weeks, however, is from Roth MKM analyst&nbsp;Craig Irwin, who was bearish on Tesla for a long time. Last week, Irwin <a href="https://www.benzinga.com/24/12/42285783/tesla-bear-craig-irwin-turns-bullish-increases-price-target-from-85-to-380" target="_blank" rel="noreferrer noopener">raised&nbsp;the EV company's price target</a>&nbsp;by 347% from $85 to $380 and upgraded the rating to a &#8220;buy&#8221; from &#8220;neutral.&#8221;
&#8220;I don&#8217;t see very many negative catalysts… There are abundant positive catalysts… Bias is now to the upside, not the downside. The market cap may be huge… but they are doing big things," Irwin then said.
Overall, 33 analysts have a consensus rating of "Buy" on the Tesla stock, with the highest price target being $411 and the lowest price target being $24.86. The most recent analyst ratings by&nbsp;Cantor Fitzgerald, Morgan Stanley, and Deutsche Bank&nbsp;have an average price target of $378.33, implying a 6.86% downside.
Tesla stock is up by 61.4% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The stock started rallying steadily since <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban">Trump&#8217;s landslide victory</a> in the U.S. Presidential elections.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img loading="lazy" decoding="async" width="470" height="355" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11073629/Tesla-ratings-2.jpg" alt="" class="wp-image-687274" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11073629/Tesla-ratings-2.jpg 470w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11073629/Tesla-ratings-2-300x227.jpg 300w" sizes="(max-width: 470px) 100vw, 470px" /></a></figure>
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 Next:
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</ul>
Photo courtesy: Tesla

Pre-Market Outlook

TSLA

TSLA Stock Surges In Wednesday Pre-Market After Multiple Price Target Hikes: Elon Musk-Led EV Giant Has Made Investors $490 Billion Richer So Far In 2024

QUAD

Quad Graphics Announced That S&P Global Ratings Upgraded Its Issuer Credit Rating To 'BB-' From 'B+' With A Stable Outlook

PLAY: -17.5% &#x7C; <a href="https://www.benzinga.com//node/42424459">Dave &amp; Buster's Stock Drops On Disappointing Q3 Earnings, CEO Transition</a>
&nbsp;
JOBY: -10% &#x7C; <a href="https://www.benzinga.com//node/42424513">Joby Aviation shares are trading lower after the company announced it entered into an equity distribution agreement for the sale of $300 million worth of common stock.</a>
&nbsp;
CADL: 200% &#x7C; <a href="https://www.benzinga.com//node/42433312">Candel Therapeutics Reports Results From Phase 3 Clinical Trial Evaluating CAN-2409 Viral Immunotherapy In Localized Prostate Cancer Patients; Viral Immunotherapy Achieved Primary Endpoint</a>

Trading Ideas

CADL

JOBY

Market-Moving News for December 11th

BWMN

Bowman Consulting Has Been Selected By The City Of Boston's Transportation Department To Oversee Planning, Engineering And Community Engagement Efforts For The Roslindale And Maverick Squares Transportation Action Plan And Design

HC Wainwright &amp; Co. analyst Yi Chen reiterates Tourmaline Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRML#NASDAQ">TRML</a>) with a Buy and maintains $49 price target.

TRML

HC Wainwright & Co. Reiterates Buy on Tourmaline Bio, Maintains $49 Price Target

ARWR

Arrowhead Pharmaceuticals Announced Interim Results From A Phase 1/2A Clinical Study Of ARO-CFB, The Company's Investigational RNA Interference (RNAi) Therapeutic Targeting Complement Factor B Being Developed As A Potential Treatment For Complement Mediated Diseases

Vulcan Materials Entered Into A Definitive Agreement To Acquire Superior Ready Mix Concrete, L.P. For An Undisclosed Amount

PRLD

Prelude Therapeutics Announced The Presentation Of The First Interim Clinical Data From Its Ongoing Open-label, Dose-escalation Trial Of PRT2527, A Potent And Highly Selective CDK9 Inhibitor, As Monotherapy And In Combination With Zanubrutinib In Patients With Relapsed/Refractory Lymphoid Malignancies

Needham analyst Kyle Peterson downgrades MoneyLion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) from Buy to Hold and maintains the price target from $100 to $100.

Needham Downgrades MoneyLion to Hold, Maintains Price Target to $100

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