• Dec 24, 2024

Wall Street rises in quiet Christmas Eve trading session

Wall Street's main indexes rose on Tuesday in a truncated trading session before Christmas, with the S&P 500 and the Nasdaq up for the third consecutive day, helped by gains in a handful of megacap and growth stocks. Broadcom and Nvidia provided the biggest boost to the indexes, advancing 2.7% and 0.7%, respectively, while Consumer Discretionary and Technology led gains among S&P 500 sectors. At 09:42 a.m. the Dow Jones Industrial Average rose 32.38 points, or 0.08%, to 42,939.33, the S&P 500 gained 21.68 points, or 0.36%, to 5,995.75, and the Nasdaq Composite gained 116.55 points, or 0.59%, to 19,881.43.

  • Dec 24, 2024

Comtech Telecommunications Faces Nasdaq Compliance Challenge

The latest announcement is out from Comtech Telecommunications ( (CMTL) ). Comtech Telecommunications Corp. received a notification from Nasdaq indicating non-compliance with periodic filing requirements due to the delayed submission of its Quarterly Report for the period ended October 31, 2024. Although this does not immediately affect the company’s listing or trading status, Comtech has until February 17, 2025, to submit a corrective plan to Nasdaq. If accepted, an extension until June 16, 202

  • Dec 24, 2024

MicroStrategy acquired 5,262 bitcoins for about $561M from Dec. 16-22

In a regulatory filing, MicroStrategy (MSTR) disclosed that on December 23, the company announced that, during the period between December 16 and December 22, the company acquired approximately 5,262 bitcoins for approximately $561M in cash, at an average price of approximately $106,662 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of shares under the company’s previously announced sales agreement. As of December 22, the co