MAY 23·MarketBeat▲
PNC Financial Services Group Inc. Has $23.25 Million Position in Nasdaq, Inc. $NDAQ
PNC Financial Services Group Inc. increased its stake in Nasdaq, Inc. by 5.9% in the fourth quarter, now holding 239,319 shares valued at $23.25 million. Nasdaq reported strong quarterly results with EPS of $0.96 and revenue of $2.14 billion, both exceeding analyst expectations, and subsequently raised its quarterly dividend. Analysts generally maintain a "Moderate Buy" rating with an average target price of $107.15 for NDAQ.
MAY 23·MSN→
Akanda receives Nasdaq non-compliance letter; shares down 14%
Akanda received a non-compliance letter from Nasdaq related to its market value of publicly held shares falling below the minimum $5 million requirement. The company has 180 calendar days to regain compliance. Following the announcement, Akanda's shares experienced a significant decline, dropping 14%.