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Oppenheimer upgraded Square to ‘outperform’ from ‘perform’ and introduced a $185 price target. Oppenheimer credits the COVID-19 pandemic for the vote of confidence in the payment processing company, citing that it is pulling through a massive shift in digital commerce requiring merchants to rapidly adopt omni-channel solutions. Yahoo Finance’s panel breaks down the details....
Exxon Mobil's dividend yield has continued to rise in a year that the stock has fallen by more than 50%. What Happened: Exxon Mobil Corporation's (NYSE: XOM) dividend yield is sitting above 10% as of Thursday.The company paid out a dividend of 87 cents in September. Based on the ex-dividend date of Aug. 12, the annual dividend rate was 7.9%.The dividend yield was 7.9% and 5.8% at the ex-dividend dates of the other dividends paid in 2020.In 2019, all four ex-dividend dates were at yields of 5% or less. In 2018, all four dates were 4.1% or less. Charts dating back to 1989 show that Exxon Mobil's dividend yield is at its highest-ever level. What's Next: Exxon Mobil has a history of raising its quarterly dividend payout.The 87-cent quarterly payout has stayed the same for six straight quarters.Since 2008, ExxonMobil has never had the same quarterly dividend payout for more than...
(Bloomberg) -- Novavax Inc. climbed as much as 6.7% in extended trading on plans to start enrolling participants for a late-stage study of its experimental shot for the novel coronavirus in 10,000 patients in the U.K.The company joins the ranks of AstraZeneca Plc, Pfizer Inc. with German partner BioNTech SE and Moderna Inc. as its vaccine enters the final stretch on the path toward regulatory approval. There are roughly 38 shots being tested in humans around the world and more than 140 others in earlier stages of study, according to the World Health Organization’s estimates.Half of the people enrolled in Novavax’s placebo-controlled trial will get two shots of NVX-CoV2373 with Matrix-M, the biotech company’s adjuvant meant to make the immunizing shot more powerful. At least a quarter of study participants will be seniors, and priority will be given to enrolling racial and ethnic minorities hardest hit by the virus.The study has...
ACT Research’s August For-Hire Trucking Index reported a tight trucking market fueled by ongoing volume, rate surges, and increased driver shortages. ...
Josh Brown revealed on CNBC's "Fast Money Halftime Report" he no longer owns Slack Technologies Inc (NYSE: WORK). He has been in a position for a while and it has been one of the worst-performing software names in the whole market. He sees the trade as a mistake, but he likes the company and the product. He has no plans to re-buy it now.Jim Lebenthal thinks ViacomCBS (NASDAQ: VIAC) is going to be in the high $30s by the end of the year, just on the basis of its streaming business alone. He advised a viewer who bought the stock in May and has a huge gain, to trim position a bit. Lebenthal is long and he is not selling.Karen Firestone likes Alibaba Group Holding Ltd - ADR (NYSE: BABA). She said it's a dominant e-commerce player in China. See more from Benzinga * Jon Najarian Sees Unusual Options Activity In...
BROOMFIELD, Colo., Sept....
