ROSEN, A LEADING LAW FIRM, Encourages Flux Power Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – FLUX
NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Flux Power Holdings, Inc. FLUX between November 11, 2022 and September 30, 2024, both dates inclusive (the “Class Period”). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 31, 2024 in the securities class action first filed by the Firm.
SO WHAT: If you purchased Flux Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Flux Power class action, go to https://rosenlegal.com/submit-form/?case_id=28783 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 31, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Flux Power’s financial statements from November 10, 2022 to the present included, among other things, overstated inventory, gross profit, current assets, and total assets; (2) Flux Power understated cost of sales and net loss; (3) as a result, Flux Power would need to restate its previously filed financial statements from November 10, 2022 to the present; (4) Flux Power understated internal control weaknesses or stated that it had adequate internal controls when in fact it did not; and (5) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Flux Power class action, go to https://rosenlegal.com/submit-form/?case_id=28783 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Construction of 10 affordable housing units for people living with intellectual disabilities in Trois-Rivières
TROIS-RIVIÈRES, QC, Nov. 8, 2024 /CNW/ – Today, the governments of Quebec and Canada and the City of Trois-Rivières marked the groundbreaking of a 10-unit social and affordable housing project in Trois-Rivières for people living with intellectual disabilities. The project, spearheaded by the organization Habitations Logis-vie, represents a total investment of more than $4.9 million.
The event was attended by Jean Boulet, Quebec Minister of Labour and Quebec Minister Responsible for the Mauricie Region, the Abitibi-Témiscamingue Region and the Nord-du-Québec Region and Member of the National Assembly for Trois-Rivières, on behalf of France-Élaine Duranceau, Quebec Minister Responsible for Housing; Jean Lamarche, Mayor of Trois-Rivières; and Guy Caron, Chair of the Board of Directors of Habitations Logis-vie.
The Government of Quebec has contributed a total of more than $2.3 million to the organization, primarily through the Société d’habitation du Québec (SHQ), which is also securing the mortgage loan obtained by organization. The Government of Canada has allocated more than $1.7 million to this project through the third Canada-Quebec Rapid Housing Initiative Agreement.
The City of Trois-Rivières is providing $231,000 and granting a five-year tax credit of nearly $135,000 to support the completion of this housing project.
Quotes:
“Together with our partners, we want to quickly use the available funds so that more Quebecers can enjoy a quality living environment. This project demonstrates yet again how important our investments are in the creation of social and affordable housing in all regions of Quebec and for all people with special needs.”
France-Élaine Duranceau, Quebec Minister Responsible for Housing
“We’re determined to ensure that everyone has a safe place to call home. I’m proud that we’ve been able to support this project through the Rapid Housing Initiative, in collaboration with the Government of Quebec and the City of Trois-Rivières. This demonstrates our unwavering commitment to ensuring that no one is left behind.”
The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
“I would like to thank all those who are helping to complete this inspiring project that will enable the clientele served to enjoy a new living environment in Trois-Rivières. The outcome of the combined efforts of many partners will ensure that these individuals benefit from a healthy, affordable, safe and supervised environment.”
Jean Boulet, Quebec Minister of Labour, Quebec Minister Responsible for the Mauricie Region, the Abitibi-Témiscamingue Region and the Nord-du-Québec Region and Member of the National Assembly for Trois-Rivières
“Our government is committed to working with communities to rise to the challenge of building more housing in Trois-Rivières and across Quebec. Today’s announcement is an important step toward providing more Trifluviens and Trifluviennes living with an intellectual disability with a safe and affordable place to call home. We firmly believe that every citizen deserves to live in an environment that favours their well-being, and this initiative aims to do just that.”
The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry and Member of Parliament for Saint-Maurice–Champlain
“This wonderful project will provide stability and support to adults with an intellectual disability. Everything is designed to meet the needs and expectations of those who will live here. Thank you to all the partners who joined forces to help celebrate the diversity and vitality of those who live with an intellectual disability. Supporting their autonomy and the realization of their full potential, while respecting their lifestyles and ways of being, is a goal that we all share.”
Lionel Carmant, Quebec Minister Responsible for Social Services
“The City of Trois-Rivières is proud to support Habitations Logis-vie in building 10 social and affordable housing units. This project embodies our commitment to an inclusive society and our desire to promote self-sufficiency and integration into the Trois-Rivières community. Each tenant is a full-fledged citizen who will benefit from the support needed for a fulfilling, independent life.”
Jean Lamarche, Mayor of Trois-Rivières
“We’re extremely proud and happy to see construction start on the building that will accommodate 10 adults living with an intellectual disability. They will enjoy a residential environment that fosters their development and self-determination, an environment where they can live a full life. This has been made possible thanks to the significant support of the federal and provincial governments, the City of Trois-Rivières and the many partners we have worked with for the past five years.”
Guy Caron, Chair of the Board of Directors, Habitations Logis-vie
Highlights:
- All tenants of the future building could potentially benefit from the Société d’habitation du Québec’s (SHQ) Rent Supplement Program, ensuring that they will not spend more than 25% of their income on rent. This additional assistance of more than $172,000 over five years is covered by the SHQ (90%) and the City of Trois-Rivières (10%).
- This project has also received $250,000 in funding from the Desjardins GoodSpark Fund.
About the Société d’habitation du Québec
As a leader in housing, the SHQ’s mission is to meet the housing needs of Quebecers through its expertise and services to citizens. It does this by providing affordable and low-rental housing and offering a range of assistance programs to support the construction, renovation and adaptation of homes, and access to homeownership.
To find out more about its activities, visit www.habitation.gouv.qc.ca/english.html.
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About Canada Mortgage and Housing Corporation
Visit canada.ca/housing for the most requested Government of Canada housing information.
As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that everyone in Canada has a home they can afford, and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
SOURCE Government of Canada
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/08/c5577.html
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Insider Transaction: Jeffrey T Diehl Sells $5.82M Worth Of Paylocity Holding Shares
On November 7, a recent SEC filing unveiled that Jeffrey T Diehl, Director at Paylocity Holding PCTY made an insider sell.
What Happened: Diehl’s decision to sell 29,606 shares of Paylocity Holding was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $5,819,146.
Paylocity Holding‘s shares are actively trading at $209.01, experiencing a down of 0.81% during Friday’s morning session.
Unveiling the Story Behind Paylocity Holding
Paylocity is a provider of payroll and human capital management solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10-5,000 employees and services about 39,000 clients as of fiscal 2024. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software as well as workplace collaboration and communication tools.
Paylocity Holding: A Financial Overview
Revenue Growth: Paylocity Holding’s revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -12.5%. This indicates a decrease in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Insights into Profitability:
-
Gross Margin: The company sets a benchmark with a high gross margin of 68.05%, reflecting superior cost management and profitability compared to its peers.
-
Earnings per Share (EPS): Paylocity Holding’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.62.
Debt Management: Paylocity Holding’s debt-to-equity ratio is below the industry average at 0.34, reflecting a lower dependency on debt financing and a more conservative financial approach.
Evaluating Valuation:
-
Price to Earnings (P/E) Ratio: Paylocity Holding’s current Price to Earnings (P/E) ratio of 62.71 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
-
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 8.87 suggests overvaluation in the eyes of investors, considering sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio of 35.68, the company’s market valuation exceeds industry averages.
Market Capitalization Perspectives: The company’s market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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Unmasking the Significance of Insider Transactions
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
When discussing legal matters, the term “insider” refers to any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Transaction Codes Worth Your Attention
Taking a closer look at transactions, investors often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Paylocity Holding’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Watts Water Technologies General Counsel Trades $554K In Company Stock
Robert Kenneth Lepage, General Counsel at Watts Water Technologies WTS, reported an insider sell on November 7, according to a new SEC filing.
What Happened: Lepage’s decision to sell 2,607 shares of Watts Water Technologies was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $554,571.
In the Friday’s morning session, Watts Water Technologies‘s shares are currently trading at $207.93, experiencing a up of 0.33%.
About Watts Water Technologies
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
Key Indicators: Watts Water Technologies’s Financial Health
Revenue Growth: Watts Water Technologies’s revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 7.79%. This indicates a substantial increase in the company’s top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Key Insights into Profitability Metrics:
-
Gross Margin: The company maintains a high gross margin of 47.3%, indicating strong cost management and profitability compared to its peers.
-
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.07, Watts Water Technologies showcases strong earnings per share.
Debt Management: Watts Water Technologies’s debt-to-equity ratio is below the industry average. With a ratio of 0.13, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Overview:
-
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 24.85, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
-
Price to Sales (P/S) Ratio: The current P/S ratio of 3.07 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): The company’s EV/EBITDA ratio 15.38 is below the industry average, indicating that it may be relatively undervalued compared to peers.
Market Capitalization Analysis: Reflecting a smaller scale, the company’s market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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Unmasking the Significance of Insider Transactions
Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an “insider” refers to any officer, director, or beneficial owner of more than ten percent of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
Unlocking the Meaning of Transaction Codes
When analyzing transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Watts Water Technologies’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Insider Decision: Monica Barry Offloads $331K Worth Of Watts Water Technologies Stock
Monica Barry, Chief Hr Officer at Watts Water Technologies WTS, reported an insider sell on November 7, according to a new SEC filing.
What Happened: Barry’s decision to sell 1,559 shares of Watts Water Technologies was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $331,318.
The latest update on Friday morning shows Watts Water Technologies shares up by 0.33%, trading at $207.93.
Discovering Watts Water Technologies: A Closer Look
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
Watts Water Technologies: Financial Performance Dissected
Revenue Growth: Watts Water Technologies displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 7.79%. This indicates a notable increase in the company’s top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Analyzing Profitability Metrics:
-
Gross Margin: Achieving a high gross margin of 47.3%, the company performs well in terms of cost management and profitability within its sector.
-
Earnings per Share (EPS): Watts Water Technologies’s EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.07.
Debt Management: Watts Water Technologies’s debt-to-equity ratio is below the industry average. With a ratio of 0.13, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation:
-
Price to Earnings (P/E) Ratio: The P/E ratio of 24.85 is lower than the industry average, implying a discounted valuation for Watts Water Technologies’s stock.
-
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 3.07, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): At 15.38, Watts Water Technologies’s EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
Market Capitalization Analysis: Below industry benchmarks, the company’s market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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Unmasking the Significance of Insider Transactions
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it’s crucial to evaluate them in conjunction with other investment factors.
Within the legal framework, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
Essential Transaction Codes Unveiled
Delving into transactions, investors typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Watts Water Technologies’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Insider Selling: Jason Armstrong Unloads $1.04M Of Comcast Stock
Revealing a significant insider sell on November 7, Jason Armstrong, CFO at Comcast CMCSA, as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Armstrong sold 23,248 shares of Comcast. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $1,042,544.
The latest update on Friday morning shows Comcast shares down by 0.61%, trading at $43.92.
Delving into Comcast’s Background
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.
Unraveling the Financial Story of Comcast
Revenue Growth: Comcast’s revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 6.49%. This indicates a substantial increase in the company’s top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Interpreting Earnings Metrics:
-
Gross Margin: The company maintains a high gross margin of 68.14%, indicating strong cost management and profitability compared to its peers.
-
Earnings per Share (EPS): Comcast’s EPS is below the industry average. The company faced challenges with a current EPS of 0.94. This suggests a potential decline in earnings.
Debt Management: Comcast’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.18.
Insights into Valuation Metrics:
-
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 11.91 suggests caution, as the stock may be overvalued in the eyes of investors.
-
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 1.42 suggests overvaluation in the eyes of investors, considering sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Comcast’s EV/EBITDA ratio stands at 6.94, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
Market Capitalization Analysis: With a profound presence, the company’s market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
The Impact of Insider Transactions on Investments
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it’s crucial to evaluate them in conjunction with other investment factors.
In legal terms, an “insider” refers to any officer, director, or beneficial owner of more than ten percent of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
Breaking Down the Significance of Transaction Codes
Surveying the realm of stock transactions, investors often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Comcast’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Bybit Expands Shunyet Jan's Role to Drive Institutional Growth
DUBAI, United Arab Emirates, Nov. 08, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing its innovative derivatives offerings.
Expanding Responsibilities for a Dynamic Industry
Shunyet Jan joined Bybit with a wealth of experience in both traditional finance and high-frequency trading, bringing a fresh perspective to the crypto space. “Bybit has been an exciting place to work, with a strong focus on innovation and rapid execution,” Shunyet noted. “The culture here is remarkably collaborative, and it’s clear that agility and teamwork are at the heart of everything we do.” His positive first impressions of Bybit’s team and culture, shaped by his background across diverse financial environments, have only reinforced his enthusiasm for advancing Bybit’s role in the market.
In his expanded role, Shunyet will leverage his insights from a distinguished career, which includes roles in program trading, ETFs, and index arbitrage on Wall Street, as well as algorithmic and high-frequency trading in Asia. His leadership will guide Bybit in crafting solutions that cater specifically to institutional needs, bridging traditional finance principles with the flexibility of digital assets.
Championing Bybit’s Vision for Institutional Growth
With deep experience in serving sovereign wealth funds, pension funds, hedge funds, and market makers, Shunyet understands the unique needs of institutional investors. “Institutional sales and derivatives share a common goal: providing seamless access to liquidity and effective support,” Shunyet explained. His dual background as both an institutional client advisor and a top global market maker allows him to anticipate and address the nuanced demands of these clients, helping Bybit solidify its reputation as a trusted partner for sophisticated trading solutions.
In his new role, Shunyet’s focus is clear: “I’m focused on positioning Bybit as the top choice for institutional clients by enhancing our custody solutions, expanding loan products, and strengthening liquidity across the platform.” He envisions building a robust environment that not only attracts institutional clients but also elevates their experience through refined trading conditions and innovative tools. By refining custody options and liquidity enhancements, Bybit aims to further solidify its foundation in a rapidly growing sector.
A Vision for Bybit’s Derivatives and Institutional Future
Shunyet’s career trajectory highlights a commitment to adapting the best practices from traditional finance to the crypto industry. He sees significant potential in options trading for the crypto sector, especially in the APAC region, where demand is rapidly increasing. “While options are standard in traditional markets, they remain underutilized in crypto. My goal is to build a world-class options trading platform that offers the same level of sophistication and reliability that institutional investors expect.”
“Bybit has a vision of creating a secure, innovative environment for traders, and I’m eager to contribute to the growth of our platform, enhancing institutional offerings while expanding sophisticated retail solutions,” Shunyet added.
Helen Liu, Chief Operating Officer of Bybit, commented, “Shunyet’s dual expertise in traditional finance and crypto markets equips him to elevate our platform for institutional clients. His insights and leadership will be instrumental as we broaden our reach in institutional services and enrich our derivatives offerings.”
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press
For media inquiries, users can contact: media@bybit.com
For more information, users can visit: https://www.bybit.com
For updates, users can follow: Bybit’s Communities and Social Media
Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com
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OFFICIAL OPENING OF A SEVEN-UNIT AFFORDABLE HOUSING PROJECT FOR WOMEN IN LONGUEUIL
LONGUEUIL, QC, Nov. 8, 2024 /CNW/ – The Government of Canada, the Government of Quebec and the City of Longueuil are proud to participate today in the official opening of L’Entre-Deux – Phase II, a seven-unit affordable housing project for women living with mental health issues or autism spectrum disorder.
This event was attended by Sherry Romanado, Member of Parliament for Longueuil–Charles-LeMoyne, Shirley Dorismond, Member of the National Assembly for Marie-Victorin, Parliamentary Assistant to the Minister Responsible for Social Services and Government assistant for the Fight Against Racism, Catherine Fournier, Mayor of Longueuil, and Julie Marinier-Desjardins, President of L’Entre-Deux.
The Government of Canada contributed nearly $3 million to the project through the second Canada-Quebec Rapid Housing Initiative Agreement. The Government of Quebec also contributed an additional $400,000 through the Société d’habitation du Québec (SHQ).
La Maison L’Entre-Deux provides support for women living with difficulties related to depression and/or personality disorders by creating a safe, stable environment where they are listened to, respected and encouraged to develop skills to improve their personal well-being and ability to adapt. With this new seven-unit building located on the same site as the organization, the women receiving services from La Maison L’Entre-Deux can apply what they learn in a safe environment.
Quotes:
“The federal government will continue to work hard toward ensuring that everyone in Quebec and across Canada has a safe and stable place to call home. We’re quickly providing new affordable housing to those who need it most across the country, thanks to programs like the second Canada-Quebec Rapid Housing Initiative Agreement and collaboration from all levels of government.” – The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
“Together with our partners, we want to quickly use the available funds so that more Quebecers can enjoy a quality living environment that meets their needs. This project demonstrates yet again how important our investments are in the creation of social and affordable housing in all regions of Quebec and for all people with special needs.” – France-Élaine Duranceau, Quebec Minister Responsible for Housing
“The Government of Canada is committed to working with communities to rise to the challenge of building more housing in Longueuil and throughout Quebec. Through the second Canada-Quebec Rapid Housing Initiative Agreement, our government is increasing the supply of new housing by investing nearly $3 million in the construction of seven housing units that benefit women who need it most.” – Sherry Romanado, Member of Parliament for Longueuil–Charles-LeMoyne
“I applaud the work of La Maison L’Entre-Deux team and the partners who contributed to this project. The initiative adds a needed resource in our area. This living environment will enable women to flourish in a caring environment adapted to their condition. I’m proud that our government is contributing to it financially.” – Shirley Dorismond, Member of the National Assembly for Marie-Victorin, Parliamentary Assistant to the Minister Responsible for Social Services and Government assistant for the Fight Against Racism
“As Mayor of Longueuil, a partner city to the project, I’m proud to support this initiative to provide women living in difficult situations with a safe space that’s tailored to their needs and where they can thrive. This initiative is the result of a joint effort between the various levels of government, and it shows our commitment to work together to meet the core needs of our population. Lastly, I’d like to thank Housing, Infrastructure and Communities Canada for its financial support, which was crucial to making this project a reality.” – Catherine Fournier, Mayor of Longueuil
“The women who come to L’Entre-Deux receive 24-7 support from workers during the 15 weeks they stay with us. By having access to housing after their stay, they’ll be able to continue their journey with peace of mind, knowing they have a safe apartment to live in. I hope that the approach used by the L’Entre-Deux service pathway will one day become the norm for supporting people living with interpersonal challenges.” – Julie Marinier-Desjardins, President of L’Entre-Deux
Quick facts:
- Up to six of the seven households could be eligible for Quebec’s Rent Supplement Program, ensuring that they spend no more than 25% of their income on housing.
About Canada Mortgage and Housing Corporation
Visit canada.ca/housing for the most-requested Government of Canada housing information.
As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that everyone in Canada has a home they can afford, and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
About the Société d’habitation du Québec
As a leader in housing, the SHQ’s mission is to meet the housing needs of Quebecers through its expertise and services to citizens. It does this by providing affordable and low-rental housing and offering a range of assistance programs to support the construction, renovation and adaptation of homes, and access to homeownership.
To find out more about its activities, visit www.habitation.gouv.qc.ca/english.html.
SOURCE Canada Mortgage and Housing Corporation (CMHC)
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.