--Paysafe to acquire SafetyPay for $441M in cash
--Wheels Up initiated with a Buy at BTIG 06:28 UP BTIG analyst Marvin Fong initiated coverage of Wheels Up with a Buy rating and $13 price target. The analyst is positive on the company's membership model that is evolving into a "one-stop, multi-channel private aviation nexus" while unlocking industry supply and demand. Fong adds that private jets are utilizing only 3% of their capacity, and he believes that investors should not only benefit from Wheels Up's unique position in the industry, but also from its transition from an asset-heavy owned and operated to a more efficient, more predictable, and higher ROIC model.
--Root price target lowered to $12 from $30 at JMP Securities 06:25 ROOT IS AN ABSOLUTE MESS!
--JPMorgan's top casino picks are Caesars Entertainment, Boyd Gaming and Red Rocks<---- RRR!
Ritchie Bros. sold $99M+ of equipment in its pipeline construction auction...
Ritchie Bros. Auctioneers Incorporated (RBA)
This is very funny..
Scorpio Tankers announces purchase of call options by President Robert Bugbee 06:44 STNG Scorpio Tankers announced that the President of the company, Robert Bugbee, has purchased call options on an aggregate of 50,000 common shares of the company for total consideration of $230,000. The call option contracts have a strike price of $15.00 and an expiration of January 2023.
--Wheels Up initiated with a Buy at BTIG 06:28 UP BTIG analyst Marvin Fong initiated coverage of Wheels Up with a Buy rating and $13 price target. The analyst is positive on the company's membership model that is evolving into a "one-stop, multi-channel private aviation nexus" while unlocking industry supply and demand. Fong adds that private jets are utilizing only 3% of their capacity, and he believes that investors should not only benefit from Wheels Up's unique position in the industry, but also from its transition from an asset-heavy owned and operated to a more efficient, more predictable, and higher ROIC model.
--Root price target lowered to $12 from $30 at JMP Securities 06:25 ROOT IS AN ABSOLUTE MESS!
--JPMorgan's top casino picks are Caesars Entertainment, Boyd Gaming and Red Rocks<---- RRR!
Ritchie Bros. sold $99M+ of equipment in its pipeline construction auction...
Ritchie Bros. Auctioneers Incorporated (RBA)
- Ritchie Bros.(NYSE:RBA)sold$99M+ of pipeline construction equipment in its largest-ever single-owner auction, for Barrilleaux.
- In less than two days, the company sold 3.1K+ items from three Barrilleaux locations in New Mexico and Texas to online bidders from across the world.
- The company's next week live auction is is Houston from Aug.24-26.
- In last week, the company announced acquisition of Euro Auctions group for an enterprise value of ~$1.08B expanding footprint in EMEA region.
This is very funny..
Scorpio Tankers announces purchase of call options by President Robert Bugbee 06:44 STNG Scorpio Tankers announced that the President of the company, Robert Bugbee, has purchased call options on an aggregate of 50,000 common shares of the company for total consideration of $230,000. The call option contracts have a strike price of $15.00 and an expiration of January 2023.
DYPY