Innovator U.S. Equity Accelerated ETF - October (BATS: XDOC)

Latest News for Innovator U.S. Equity Accelerated ETF - October (BATS:XDOC)

Innovator U.S. Equity Accelerated ETF - October

<a href="https://news.bloomberglaw.com/securities-law/carlyle-founders-ordered-to-face-lawsuit-on-344-million-payout">https://news.bloomberglaw.com/securities-law/carlyle-founders-ordered-to-face-lawsuit-on-344-million-payout</a>
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<ul>
<li>Case targets tax buyout related to ‘up-C' corporate structure</li>
<li>Billionaire co-founders pushed Carlyle to overpay, suit says</li>
</ul>
Carlyle Group Inc.'s founders and other corporate leaders lost their bid Wednesday for an early end to litigation over a $344 million buyout of tax agreements tied to the asset manager's public listing.
A Delaware judge, Vice Chancellor <a href="https://www.bloomberglaw.com/people/19769707">Morgan T. Zurn</a>, let the case move forward against the billionaire co-founders—William Conway Jr., Daniel D'Aniello, and David Rubenstein—and other Carlyle board members.
The shareholder lawsuit, brought by a pension fund, says they pushed the private equity giant into an overpriced payout aimed at terminating virtually worthless tax benefits.
The decision declaring most of the case's fiduciary breach claims "reasonably conceivable" …

News

Legal

"Carlyle Founders Ordered To Face Lawsuit On $344M Payout" - Bloomberg Law

WIIM

HashiCorp shares are trading higher following a report suggesting IBM will offer roughly $35 a share for the company.

TD Cowen analyst Bill Katz maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Buy and lowers the price target from $21 to $19.5.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on Invesco, Lowers Price Target to $19.5

KKR &amp; Co. Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Wednesday</a>.
European Union antitrust regulators are inquiring competitors and clients about potential concerns regarding the planned purchase of&nbsp;Telecom Italia&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TIAIY#OTC">TIAIY</a>) fixed-line access network by U.S. investment firm KKR, which might impact Italy&#8217;s<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38052413/sunfirematrix-goes-supernova-kkr-takes-major-holding-in-the-purpose-built-platform" rel="noreferrer noopener">&nbsp;wholesale market, Reuters reported</a>.
Regulatory concerns may prompt a protracted scrutiny of the agreement, compelling KKR to provide substantial remedies.&nbsp;
Competitors have warned of potential price increases post-deal closure, Reuters added.
KKR is acquiring TIM&#8217;s national network for a potential sum of 22 billion euros ($23.5 billion), marking the first major divestiture of its kind.&nbsp;
TIM&#8217;s landline infrastructure, known as&nbsp;NetCo, serves nearly 89% of households in Italy, with its extensive network of fiber and copper cables spanning over 23 million kilometers across the nation, the report read.&nbsp;
The sale is a component of a government-supported initiative to reduce debt and rejuvenate the company, it added.
The EU watchdog also expressed concerns about potential threats to competition in Italy arising from the agreement between the two companies.
Price Action:&nbsp;KKR shares are trading lower by 1.71% to $96.29 on&nbsp;the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Markets

Movers

Media

General

TIAIY

What's Going On With KKR Shares Wednesday?

B of A Securities analyst Ronald Epstein maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Neutral and raises the price target from $100 to $110.

B of A Securities Maintains Neutral on RTX, Raises Price Target to $110

TD Cowen analyst Joseph Giordano maintains Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) with a Buy and raises the price target from $80 to $85.

TD Cowen Maintains Buy on Pentair, Raises Price Target to $85

B of A Securities analyst Alexander Perry maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and raises the price target from $25 to $26.

B of A Securities Maintains Buy on Mattel, Raises Price Target to $26

Contracts

Embraer-Empresa Brasileira De Aeronautica

Boeing Says Embraer Has Disputed Co's Right To Terminate Deals To Establish JVs, & Dispute Is In Arbitration, Which We Expect To Be Resolved In 2024

Marvell Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NYSE">MRVL</a>) short percent of float has fallen 14.13% since its last report. The company recently reported that it has 17.81 million shares sold short, which is 2.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Marvell Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713978924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Marvell Tech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Marvell Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Marvell Tech's peer group average for short interest as a percentage of float is 4.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

MRVL

Looking Into Marvell Tech's Recent Short Interest

Agree Realty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) short percent of float has risen 9.26% since its last report. The company recently reported that it has 4.32 million shares sold short, which is 6.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Agree Realty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713978919_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Agree Realty has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Agree Realty's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Agree Realty's peer group average for short interest as a percentage of float is 5.14%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Agree Realty's Recent Short Interest

Asset Sales

IPOs

KKR Shelves $10B Upfield Sale As Talks With ADQ Collapse, Now Eyeing IPO Or Minority Stake Sale

Accenture's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) short percent of float has fallen 6.67% since its last report. The company recently reported that it has 7.07 million shares sold short, which is 1.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Accenture Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713978913_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Accenture has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Accenture's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Accenture's peer group average for short interest as a percentage of float is 3.22%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Accenture?

Norfolk Southern Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) shares are trading lower following worse-than-expected&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38401399/norfolk-southern-confirms-first-quarter-2024-results-in-line-with-preliminary-release" rel="noreferrer noopener">first-quarter FY24 financial results</a>.
Railway operating revenue declined 4% Y/Y to $3.004 billion, missing the&nbsp;consensus of $3.046 billion.
Sales by segments: Merchandise $1.86 billion (-1% Y/Y), Intermodal $745 million (-8% Y/Y), and Coal $396 million (-10% Y/Y).
Railway operating expenses increased by 15% Y/Y to $2.79 billion.&nbsp;Income from railway operations declined by 70% Y/Y to $213 million.&nbsp;
Adjusted EPS was $2.49 (-25% Y/Y),&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">below the consensus of $2.58.</a>
Operating cash flow totaled $839 million versus $1.17 billion a year ago. Norfolk Southern held $652 million in cash and cash equivalents at the end of the quarter.
Dividend: The company declared a quarterly dividend of&nbsp;$1.35&nbsp;per share, payable&nbsp;on May 20, 2024, to shareholders of&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38388688/norfolk-southern-declares-quarterly-dividend" rel="noreferrer noopener">record on&nbsp;May 3, 2024</a>.
The company said that first-quarter FY24 results&nbsp;were in line&nbsp;with the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38165007/norfolk-southern-agrees-to-600m-settlement-over-east-palestine-derailment-class-action-details" rel="noreferrer noopener">preliminary results announced on April 9</a>.&nbsp;
The report highlights a significant financial impact from a $600 million settlement related to the East Palestine derailment class action lawsuit, compensating without admitting fault. This move reflects their commitment to aid affected communities and&nbsp;pursue&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38199337/preliminary-q1-results-at-embattled-norfolk-southern-miss-expectations" rel="noreferrer noopener">insurance for the settlement</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38240139/norfolk-southern-to-pay-600m-in-ohio-train-derailment-lawsuit" rel="noreferrer noopener">Norfolk Southern to Pay $600M in Ohio Train Derailment&nbsp;Lawsuit</a>
Investors can gain exposure to the stock via&nbsp;TCW Transform Supply Chain ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/SUPP#BATS">SUPP</a>) and&nbsp;First Trust Nasdaq Transportation ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>).
Price Action: NSC shares are trading lower by 4.4% at $234.23 at the last check Wednesday.
Photo via Wikimedia Commons

Earnings

Large Cap

Guidance

Dividends

FTXR

SUPP

Why Is Norfolk Southern Stock Taking A Hit Today?

TD Cowen analyst John Blackledge maintains Wayfair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) with a Hold and raises the price target from $50 to $55.

TD Cowen Maintains Hold on Wayfair, Raises Price Target to $55

Raymond James analyst Brad Sturges maintains TRUE NORTH COMMERCIAL REAL EST INV (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TNT#TSX">TNT</a>) with a Market Perform and raises the price target from C$10 to C$10.5.

TSX:TNT

Raymond James Maintains Market Perform on TRUE NORTH COMMERCIAL REAL EST INV, Raises Price Target to C$10.5

TD Cowen analyst Bryan Bergin maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Buy and raises the price target from $167 to $175.

TD Cowen Maintains Buy on Fiserv, Raises Price Target to $175

Raymond James analyst Brad Sturges maintains SLATE GROCERY REIT (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SGR#TSX">SGR</a>) with a Market Perform and lowers the price target from C$10 to C$9.

TSX:SGR

Raymond James Maintains Market Perform on SLATE GROCERY REIT, Lowers Price Target to C$9

Raymond James analyst Brad Sturges maintains KILLAM APT REAL ESTATE INVT TR (TSX:<a class="ticker" href="https://www.benzinga.com/stock/KMP#TSX">KMP</a>) with a Outperform and lowers the price target from C$22.75 to C$21.75.

TSX:KMP

Raymond James Maintains Outperform on KILLAM APT REAL ESTATE INVT TR, Lowers Price Target to C$21.75

Raymond James analyst Brad Sturges maintains INTERRENT REAL EST INVESTMENT TRUST (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IIP#TSX">IIP</a>) with a Strong Buy and lowers the price target from C$16.25 to C$15.75.

TSX:IIP

Raymond James Maintains Strong Buy on INTERRENT REAL EST INVESTMENT TRUST, Lowers Price Target to C$15.75

Israel is gearing up for a significant military operation in Rafah, with plans to evacuate Palestinian civilians and target <a href="https://www.benzinga.com/topic/gaza">the last Hamas stronghold.</a>
David Mencer, a spokesman for Israel&#8217;s prime minister, confirmed the operation as revealed by the <a href="https://www.washingtonpost.com/world/2024/04/24/israel-hamas-war-news-gaza-palestine/">Washington Post</a>, emphasizing efforts to minimize civilian casualties. 
&#8220;We are moving ahead with our operation to target Hamas in Rafah. We will, as usual, be making every effort to move civilians out of harm&#8217;s way,&#8221; Mencer stated.
<h1 class="wp-block-heading">Preparations in Southern Gaza</h1>
In anticipation of the assault, extensive preparations are underway in southern Gaza. Satellite imagery and online videos have revealed the construction of large tent camps near Khan Younis and Rafah. 
These camps have expanded rapidly, with the footprint of tents near Al-Aqsa University nearly tripling in size within two weeks. 
Another camp, close to the Egyptian border, continues to grow, indicating preparations for a large-scale displacement.
A month ago, U.S. President Joe Biden warned Israel Prime Minister Benjamin Netanyahu that a major assault on Rafah would be a mistake. 
On Wednesday, Biden signed the $95 billion foreign aid bill, which includes $26 billion in funds for Israel and humanitarian aid for Gaza among others. Israeli President Isaac Herzog thanked the U.S. Senate for its strong support.
Turkey has criticized the U.S. for what it perceived as double standards in human rights policies. The Turkish foreign ministry expressed concerns that the U.S. annual rights report does not adequately address the ongoing conflicts in Gaza. 
Earlier on Wednesday, the Israeli Defense Forces (IDF) struck 40 Hezbollah targets in the region, targeting storage facilities, weaponry, and other terror-related infrastructures.
<h1 class="wp-block-heading">Market Reactions</h1>
Israeli stocks, as tracked by the iShares MSCI Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>) traded 0.8% lower at midday trading Wednesday. Oil prices were 0.6% lower, while gold inched 0.1% higher. 
Read Now: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38405106/us-economy-expected-to-grow-2-5-in-q1-not-a-hard-landing-and-hardly-a-soft-one">US Economy Expected To Grow 2.5% In Q1: Not &#8216;A Hard Landing And Hardly A Soft One&#8217;</a>
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