BigCommerce Holdings Bolsa (NASDAQ: BIGC)

Últimas noticias sobre BigCommerce Holdings (NASDAQ:BIGC) Bolsa

BigCommerce Holdings

BigCommerce Holdings Inc is engaged in offering Software-as-a-service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which majority of revenue is generated from Americas-U.S.

BigCommerce Holdings, Inc. - Series 1 Common Stock

BigCommerce Holdings Inc

Barclays analyst Betty Jiang maintains California Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) with a Equal-Weight and raises the price target from $55 to $57.

News

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on California Resources, Raises Price Target to $57

WIIM

BWXT

BWX Technologies shares are trading higher after Deutsche Bank maintained a Buy rating on the stock and raised its price target from $113 to $129.

Levi Strauss &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) shares are trading lower Thursday after the company posted worse-than-expected third-quarter <a href="https://www.benzinga.com/news/earnings/24/10/41151280/levi-strauss-co-stock-falls-after-mixed-q3-results-eps-beat-revenues-miss">revenue on Wednesday</a>.
The Details:
Levi Strauss reported quarterly revenue of $1.516 billion, below consensus estimate of $1.55 billion, due in part to the exit of its Denizen business. The company also revealed it&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41156870/levi-strauss-considers-dockers-sale-what-this-means-for-the-iconic-denim-brand">considering a sale</a> of its Dockers brand. 
"We are narrowing our focus to realize the full potential of the Levi's brand as well as accelerate Beyond Yoga. Accordingly, we are undertaking an evaluation of strategic alternatives for the global Dockers business," CEO Michelle Gass said during a post-earnings call.
Read Next: <a href="https://www.benzinga.com/news/24/10/41152629/what-happened-with-accenture-stock-today">What Happened With Accenture Stock Today?</a>
Levi Strauss issued fiscal 2024 earnings guidance with its midpoint below estimates. The company expects earnings of between $1.17 and $1.27 per share for the year, versus the $1.25 estimate.&nbsp;
Stifel analyst Drew Crum maintained a Buy rating and lowered the price target from $28 to $25 following the print. Telsey Advisory Group maintained its Outperform rating and $26 price target.
<h3 class="wp-block-heading">Should I Sell My LEVI Stock?</h3>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Levi Strauss have gained 48.15% year to date. This compares to the average annual return of -3.24%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Levi Strauss stock currently has an RSI of 56.58, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
LEVI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Levi Strauss &amp; Co shares are down 7.22% at $19.54 at the time of publication Thursday.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122476/whats-going-on-with-microstrategy-stock">What&#8217;s Going On With MicroStrategy Stock?</a></li>
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Image: Shutterstock&nbsp;

Earnings

Movers

LEVI

What's Going On With Levi Strauss Stock After Earnings?

Barclays analyst Christine Cho maintains Array Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) with a Overweight and lowers the price target from $11 to $10.

ARRY

Barclays Maintains Overweight on Array Technologies, Lowers Price Target to $10

TD Cowen analyst Helane Becker maintains Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) with a Hold and raises the price target from $33 to $42.

ALGT

TD Cowen Maintains Hold on Allegiant Travel, Raises Price Target to $42

Asset Sales

Management

Helix Energy Solutions Said To Explore Options, Including Sale

Barclays analyst Betty Jiang maintains APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) with a Equal-Weight and lowers the price target from $35 to $30.

Barclays Maintains Equal-Weight on APA, Lowers Price Target to $30

STLA

Stellantis shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight. On Wednesday, the FCA reported a year-over-year decrease in total U.S. sales.

Barclays analyst Betty Jiang maintains Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) with a Equal-Weight and lowers the price target from $32 to $30.

Barclays Maintains Equal-Weight on Antero Resources, Lowers Price Target to $30

TD Cowen analyst Thomas Fitzgerald maintains American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) with a Hold and raises the price target from $7 to $9.

TD Cowen Maintains Hold on American Airlines Gr, Raises Price Target to $9

Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares are trading higher Thursday after the company announced a strategic partnership with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to enhance global retail innovations <a href="https://www.benzinga.com/news/24/09/41032594/whats-going-on-with-rezolve-ai-limited-today">using AI-powered commerce solutions.</a>
What To Know: Rezolve AI and Microsoft have formed a collaboration to provide advanced digital engagement capabilities to retailers. Rezolve AI's Brain Suite—which includes Brain Commerce, Brain Checkout, and Brain Assistant—will be hosted on Microsoft Azure and available through the Azure Marketplace.
The partnership includes extensive Go-to-Market (GTM) and co-sell support from Microsoft for five years. This includes marketing, sales support through Microsoft&#8217;s 35,000 incentivized sellers, and technical assistance from the Microsoft AI Cloud Partner Program.
What Else: Rezolve AI&#8217;s Brain Suite aims to address common eCommerce challenges such as reducing cart abandonment and improving customer engagement with AI capabilities available in 95 languages. The solutions are designed to enhance operational efficiency and provide a quick return on investment (ROI).
RZLV And MSFT Price Action: Rezolve shares were up by 29.7% at $8.52 and Microsoft shares were up by 0.01% at $417.09 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga pro.</a>
See Also:
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<li><a href="https://www.benzinga.com/general/biotech/24/10/41166018/medicare-drug-price-negotiation-program-gets-final-guidance-for-second-cycle-1-5b-savings-expecte">Medicare Drug Price Negotiation Program Gets Final Guidance For Second Cycle, $1.5B Savings Expected</a></li>
</ul>
Image via Unsplash.

MSFT

RZLV

Rezolve AI Shares Surge On Microsoft Partnership Announcement: What You Need To Know

Biotech

Global

General

GILD

Gilead Donates Remdesivir For Emergency Use In Response To Marburg Virus Disease In Rwanda; Says It Will Donate Approximately 5,000 Vials Of Remdesivir To Rwanda Medical Supply

Rosenblatt analyst Mike Genovese maintains Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) with a Buy and maintains $45 price target.

CALX

Rosenblatt Maintains Buy on Calix, Maintains $45 Price Target

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) are seeing increased attention Thursday after the companies released <a href="https://www.benzinga.com/pressreleases/24/10/n41163693/cleanspark-releases-september-2024-bitcoin-mining-update">mining updates for September</a>.
What&#8217;s Going On With CLSK: CleanSpark said it mined 493 Bitcoin in September, up from 478 in August. The company has now mined a total of 5,079 Bitcoin year-to-date, bringing its total&nbsp;Bitcoin&nbsp;holdings up to 8,049 as of Sept. 30.
CleanSpark sold 2.5&nbsp;bitcoin last month at an average price of approximately&nbsp;$58,287&nbsp;per&nbsp;coin. The company had an average hashrate of 23.4 EH/s for the month, resulting in an average of 16.43&nbsp;Bitcoin&nbsp;mined daily. CleanSpark noted that it had a peak hashrate of 27.6 EH/s in September before Hurricane Helene impacted its operations at the end of the month.
CleanSpark noted that it experienced no material damage to any site infrastructure and is not aware of any material losses related to its mining servers. As of&nbsp;Oct. 2, all but 45 MW of power had been restored to the company&#8217;s sites. The remaining 45 MW is expected to be restored &#8220;in the coming days.&#8221;
&#8220;Our expansion efforts have not slowed down, and we are actively racking miners at newly acquired sites and at our existing facilities as part of our fleet upgrade plan,&#8221; said Zach Bradford, CEO of CleanSpark.
Through these efforts, we expect to reach 30 EH/s during&nbsp;October 2024. Looking ahead to fiscal year 2025, we are positioned to rapidly achieve our forecasted growth to 50 EH/s and beyond. We look forward to providing further updates on 2025 in the coming weeks.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41150059/bitcoin-ethereum-dogecoin-continue-downward-trend-range-deviation-or-bearish-retest-wonder">Bitcoin, Ethereum, Dogecoin Continue Downward Trend: &#8216;Range Deviation Or Bearish Retest?,&#8217; Wonders Technical Trader</a>
What&#8217;s Going On With RIOT: Riot Platforms also announced its mining metrics for September on Thursday. Riot said it mined 412 Bitcoin last month, up 28% from 322 in August. 
&#8220;This increase in production was driven by an increase in average operating hash rate across all our facilities and was achieved despite periodic curtailment that took place through our participation in the final month of ERCOT&#8217;s Four Coincident Peak (4CP) program for 2024, whereby we paused mining operations during periods of high demand on the grid,&#8221; said Jason Les, CEO of Riot. 
Riot had an average operational hashrate of 19.5 EH/s during the month, up from 14.5 EH/s in August. 
&#8220;We are excited about the results we are seeing from our growing hash rate and operational improvements, which are directly translating into increased production and improved efficiency. Following the completion of our third 100 MW building, Building B1, at our Corsicana Facility during the month, we achieved a total deployed hash rate capacity of 28.2 EH/s,&#8221; Les said.
CLSK, RIOT Price Action: At the time of publication, <a href="http://benzinga.com/quote/clsk">CleanSpark shares</a> were down 1.93% at $8.62 and <a href="http://benzinga.com/quote/riot">Riot shares</a> were down 0.28% at $7.28, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

CLSK

RIOT

What's Going On With Bitcoin Mining Stocks CleanSpark, Riot Platforms?

In the current market session, Estee Lauder Cos Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) share price is at $95.22, after a 1.96% decrease. Over the past month, the stock went up by 5.76%, but over the past year, it actually decreased by 34.42%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2024/1727968597_0.png" alt="Past Year Chart" />

<h3>Estee Lauder Cos P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 50.26 in the Personal Products industry, Estee Lauder Cos Inc. has a higher P/E ratio of 89.93. Shareholders might be inclined to think that Estee Lauder Cos Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727968597_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

A Look Into Estee Lauder Cos Inc's Price Over Earnings

Bilibili Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) shares are trading lower by 9.44% to $26.86 Thursday morning, pulling back following a 90% surge over the past month, which was fueled by mounting optimism around China&#8217;s aggressive <a href="https://www.benzinga.com/news/24/10/41165162/china-stocks-are-cooling-off-thursday-whats-going-on">stimulus measures</a> aimed at reviving its sluggish economy.
Shares of major Chinese tech companies, including Alibaba, Baidu and JD.com, also experienced declines as concerns over escalating geopolitical tensions in the Middle East dampened investor sentiment.
What To Know: Bilibili, a popular video-sharing platform with a focus on anime, gaming and youth-centric content, has become one of China's leading online entertainment companies. It caters primarily to Gen Z and millennial users, offering a mix of user-generated content, live streaming, and mobile games. 
Despite this strong market position and a recent uptick in its stock price, driven by China&#8217;s recent stimulus actions, the company remains vulnerable to broader market movements and external risks.
Chinese markets reacted negatively on Thursday, as investors grew cautious amid fears of a potentially expanding conflict in the Middle East. The resulting uncertainty, especially regarding energy prices and global supply chains, has created concerns for emerging markets like China.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41166146/would-bitcoin-drop-if-a-war-in-the-middle-east-breaks-out-yes-but-theres-a-catch">Would Bitcoin Drop If A War In The Middle East Breaks Out? Yes, But There&#8217;s A Catch</a>
An elevated oil risk premium could hurt China's economic outlook, as it is heavily reliant on imported energy. In turn, this may affect consumer confidence and spending, which are crucial for platforms like Bilibili, where advertising revenue and in-app spending are sensitive to broader economic conditions.
What Else: Additionally, while China's recently announced measures—such as mortgage refinancing and fiscal spending to stimulate growth—have provided a short-term boost to tech stocks, the sustainability of this recovery remains a question mark. 
Bilibili, like other Chinese tech companies, has been navigating a challenging landscape over the past year, facing headwinds from China's regulatory tightening on technology and entertainment sectors, as well as weakened advertising demand.
Read Also: <a href="https://www.benzinga.com/news/24/10/41159016/port-strike-enters-day-3-economist-warns-of-meaningful-impact-if-standoff-prolongs-food-beverages-li">Port Strike Enters Day 3: Economist Warns Of &#8216;Meaningful&#8217; Impact If Standoff Prolongs, Food &amp; Beverages Likely First To Feel The Pinch</a>
<h2 class="wp-block-heading">How To Buy BILI Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Bilibili&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BILI has a 52-week high of $31.77 and a 52-week low of $8.80.

BILI

Why Bilibili Stock Is Volatile Today

Vistra shares are trading higher after RBC Capital maintained an Outperform rating on the stock and raised its price target from $105 to $141.

<a href="https://www.benzinga.com/personal-finance/24/09/40922368/excuse-me-you-want-to-check-my-credit-nba-legend-shaq-shares-he-felt-disrespected-when-trying-to">Shaquille O'Neal</a> no longer owns his massive Orlando mansion as of 2024, but the story behind it reveals a lot about the NBA legend's personal life.&nbsp;
During a 2018 appearance on The Ellen DeGeneres Show, Shaquille O'Neal shared a surprising fact about his 76,000-square-foot mansion – he only used two rooms. "The kitchen because I like to eat, and the bedroom because I like to sleep," he joked, offering a glimpse into his surprisingly simple lifestyle despite the enormous size of his home.
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Curious, DeGeneres asked, "What about the living room or a den?" Shaq shook his head. "No, I never go to the theater, never go to the gym," he admitted, leaving much of the house untouched.
DeGeneres then asked Shaq how many bathrooms were in his house, to which he casually replied, "I think 15." DeGeneres joked, "You know you're supposed to flush the toilets and run the water once a week so it doesn't smell." Shaq laughed, admitting, "I never knew that." DeGeneres playfully suggested that his housekeeper should be taking care of it, to which Shaq responded with a grin, "I don't have a housekeeper; I clean it myself." The audience cheered before he quickly added, "Just playing," drawing more laughter.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
The exchange showed Shaq's ability to balance humor with a glimpse into his life, revealing that even with all the luxury, he keeps things lighthearted and down-to-earth.
The mansion in Windermere, Florida, was packed with extravagant features, including a 17-car showroom, a cigar room, a wine cellar, a custom theater, and even a Miami Heat-themed basketball court. However, Shaq admitted during a podcast interview that the house didn't always bring him happiness. He opened up about <a href="https://www.benzinga.com/personal-finance/24/09/40943843/we-aint-rich-im-rich-nba-legend-shaq-says-his-daughters-and-sons-dont-get-equal-treatment-my-boy">feeling lonely in the mansion</a> after his divorce from his ex-wife, Shaunie Nelson. "I built this house for them," he shared. "But after the divorce, I would come home to a 76,000-square-foot house with nobody there but me. That was the worst part."
Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
Shaq purchased the property back in 1993 for around $3.95 million. After nearly three decades, it proved difficult to sell. The mansion was initially listed at $28 million in 2018, but after struggling to find a buyer, he had to lower the price multiple times. By January 2019, the price dropped to $22 million, and later to $16.5 million after making some updates and switching real estate agents.
Even with the updates and price reductions, Shaq's mansion remained on the market for a while. In January 2021, he thought he had a buyer, but the deal fell through. Finally, in October 2021, the mansion was sold to a dentist for $11 million – far below the original asking price. Shaq later admitted, "I'm actually sick that I sold it," but didn't dwell much on the loss.
While it's <a href="https://www.benzinga.com/real-estate/24/09/40836966/do-you-want-to-look-inside-no-ill-take-it-shaq-bought-a-house-on-the-spot-because-it-was-right-acros">no longer his residence</a>, the story of Shaq's mansion shows that even <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">celebrities with vast fortunes</a> and gigantic homes can feel the weight of isolation. Despite the luxury, sometimes you need two rooms to live in – and the people who matter most to share it with.
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</ul>

Real Estate

NBA Legend Shaq Only Used 2 Rooms In His 76,000 Sq Ft. Mansion: 'The Kitchen Because I Like To Eat And The Bedroom Because I Like To Sleep'

<a href="https://www.texasattorneygeneral.gov/news/releases/attorney-general-ken-paxton-sues-big-pharma-drug-manufacturers-and-pharmacy-benefit-managers">https://www.texasattorneygeneral.gov/news/releases/attorney-general-ken-paxton-sues-big-pharma-drug-manufacturers-and-pharmacy-benefit-managers</a>
Texas Attorney General Ken Paxton sued major insulin manufacturers and pharmacy benefit managers (&quot;PBMs&quot;)&mdash;including Eli Lilly, Express Scripts, CVS Pharmacy, and others&mdash;over a conspiracy to increase prices of insulin.&nbsp;
Through this conspiracy, the manufacturers artificially and willingly raised the prices of insulin then paid a significant, undisclosed portion back to the PBMs as a quid pro quo for inclusion in the PBMs&#39; standard offerings. The PBMs then granted preferred status to the manufacturer whose drug has the highest list price while excluding lower priced drugs. These synthetic insulin drugs, which today cost the manufacturers less than $2 to produce and were originally priced at $20 when released in the late 1990s, now range between $300 and $700. In the last decade alone, the manufacturers who are defendants in the lawsuit have increased the prices of their insulins up to 1,000%. Attorney General Paxton is suing because the insulin pricing scheme violates the Texas Deceptive Trade Practices Act, constitutes unjust enrichment, and represents an unlawful civil conspiracy.
&quot;This is a disturbing conspiracy by which pharmaceutical companies were intentionally and artificially inflating the price of insulin. Big Pharma insulin manufacturers and PBMs worked together to take advantage of diabetes patients and drive prices as high as they could,&quot; said Attorney General Paxton. &quot;These companies acted illegally and unethically to enrich themselves, and we will hold them accountable.&quot;
According to the complaint, &quot;While the PBM Defendants represent that they perform their services on behalf of their clients (including Texas payors) and diabetics to lower drug prices, increase access to affordable drugs, and promote diabetic health, these representations are false. Rather, the PBM Defendants have worked in coordination with the Manufacturer Defendants to distort the market for diabetic treatments to their benefit at the expense of Texas diabetics and payors.&quot;
Liston &amp; Deas, David Nutt &amp; Associates, the Cicala Law Firm, and Foreman Watkins Krutz are serving as outside counsel.

Legal

Texas Attor­ney Gen­er­al Ken Pax­ton Sues Big Phar­ma Drug Man­u­fac­tur­ers And Phar­ma­cy Ben­e­fit Man­agers For Con­spir­a­cy

Equinox Gold Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NASDAQ">EQX</a>) shares are trading lower by 5.3% to $5.84 during Thursday&#8217;s session after the company announced it has issued <a href="https://www.benzinga.com/pressreleases/24/10/g41159996/equinox-gold-announces-convertible-note-conversion-and-bought-deal-secondary-offering">24,761,905 shares</a>.
What To Know: Equinox Gold has issued 24.76 million common shares to Ninety Fourth Investment Company, an affiliate of MDC Industry Holding, following the conversion of a US$130 million convertible note. 
These shares will now be sold in a secondary offering, led by BMO Capital Markets, at a price of US$5.65 per share, generating gross proceeds of approximately US$140 million for Ninety Fourth.
Equinox Gold says the company will not receive any proceeds from this sale, but the conversion reduces the company&#8217;s debt and boosts liquidity. MDC originally acquired the note in 2019 and will retain a second US$130 million convertible note with a maturity date in 2025. The offering is expected to close by October 9.
Read Also: <a href="https://www.benzinga.com/news/24/10/41165162/china-stocks-are-cooling-off-thursday-whats-going-on">China Stocks Are Cooling Off Thursday: What&#8217;s Going On?</a>
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, EQX has a 52-week high of $6.50 and a 52-week low of $3.95.

Why Equinox Gold (EQX) Stock Is Falling

In a report released today, Kenneth Wong from Oppenheimer maintained a Hold rating on BigCommerce Holdings (BIGC – Research Report). The company's ...

BigCommerce Holdings (BIGC) Receives a Hold from Oppenheimer

In a report released today, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on BigCommerce Holdings (BIGC – Research Report), with a pr...

Stifel Nicolaus Remains a Buy on BigCommerce Holdings (BIGC)

In a report released today, Justin Patterson from KeyBanc maintained a Hold rating on BigCommerce Holdings (BIGC – Research Report). The company's ...

KeyBanc Sticks to Their Hold Rating for BigCommerce Holdings (BIGC)

Barclays analyst Raimo Lenschow assigned a Hold rating to BigCommerce Holdings (BIGC – Research Report) today and set a price target of $7.00. The ...

Barclays Gives a Hold Rating to BigCommerce Holdings (BIGC)

BigCommerce: An Unbearable Slowdown

BigCommerce appoints Travis Hess as CEO

BigCommerce Holdings ( ($BIGC) ) has issued an update. BigCommerce Holdings, Inc. has undergone a significant leadership restructuring, with Brent ...

BigCommerce Leadership Shake-Up and Growth Strategy Focus

BigCommerce Holdings (BIGC) Receives a Hold from Barclays

BigCommerce Holdings (BIGC – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Koji Ikeda ...

BigCommerce Sell Rating: Leadership Changes and Sluggish Growth Outlook

Analyst Scott Berg from Needham maintained a Buy rating on BigCommerce Holdings (BIGC – Research Report) and keeping the price target at $14.00. Sc...

New Leadership, Renewed Growth: BigCommerce's Path Forward Under CEO Travis Hess

BIGC

Press Releases

BigCommerce Announces Second Quarter 2024 Financial Results

Global Footwear Retailer Soletrader Unveils High-Performance Headless Ecommerce Site Using BigCommerce

Leading UK Sporting Goods Retailer SportsShoes Launches Composable Commerce Site on BigCommerce

BigCommerce to Host Sell-side Analyst Q&A Session At Upcoming BigSummit

BigCommerce Announces 2024 Customer Award Winners

The Next Big Thing: BigCommerce Strengthens Enterprise Capabilities with Next Generation Composable Commerce, B2B Solutions, Omnichannel Integrations, AI and More

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