Top Stories for Jan. 17, 2024:
1. BMO Capital analyst Jackie Przybylowski maintained an Outperform rating on Newmont Corporation (NYSE: NEM) but lowered her price target from $62 to $59.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 150 points on Wednesday.
The Dow traded down 0.48% to 37,183.10 while the NASDAQ fell 1.15% to 14,772.10. The S&P 500 also fell, dropping, 0.91% to 4,722.52.
Shares of Airspan Networks Holdings Inc. (NASDAQ: MIMO) shares rose sharply during Wednesday’s session after the company announced a partnership with GCT Semiconductor to develop an RF module.
Airspan Networks Holdings shares surged 381% to $0.3699 on Wednesday.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
The Dow Jones index closed lower by over 200 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.