U.S. markets closed

  • S&P 500

    3,913.10
    -2.36 (-0.06%)
     

  • Dow 30

    32,627.97
    -234.33 (-0.71%)
     

  • Nasdaq

    13,215.24
    +99.07 (+0.76%)
     

  • Russell 2000

    2,287.55
    +19.96 (+0.88%)
     

  • Crude Oil

    61.44
    +1.44 (+2.40%)
     

  • Gold

    1,743.90
    +11.40 (+0.66%)
     

  • Silver

    26.33
    -0.02 (-0.06%)
     

  • EUR/USD

    1.1908
    -0.0011 (-0.10%)
     

  • 10-Yr Bond

    1.7320
    +0.0020 (+0.12%)
     

  • GBP/USD

    1.3870
    -0.0060 (-0.43%)
     

  • USD/JPY

    108.9010
    -0.0360 (-0.03%)
     

  • BTC-USD

    59,499.23
    +591.19 (+1.00%)
     

  • CMC Crypto 200

    1,172.11
    +20.53 (+1.78%)
     

  • FTSE 100

    6,708.71
    -70.97 (-1.05%)
     

  • Nikkei 225

    29,792.05
    -424.70 (-1.41%)
     

BREAKING NEWS ALERT: Halper Sadeh LLP Continues to Investigate PRAH, RMBL, GNMK, FLIR; Shareholders Are Encouraged to Contact the Firm

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, NY / ACCESSWIRE / March 20, 2021 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies:

PRA Health Sciences, Inc. (NASDAQ:PRAH) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to ICON plc. Under the terms of the transaction, PRA Health shareholders will receive $80.00 in cash and 0.4125 shares of ICON stock for each PRA Health share that they own. If you are a PRA Health shareholder, click here to learn more about your rights and options.

RumbleOn, Inc. (NASDAQ:RMBL) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with RideNow. If you are a RumbleOn shareholder, click here to learn more about your rights and options.

GenMark Diagnostics, Inc. (NASDAQ:GNMK) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Roche for $24.05 per share in cash. If you are a GenMark shareholder, click here to learn more about your rights and options.

FLIR Systems, Inc. (NASDAQ:FLIR) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Teledyne Technologies Incorporated for $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share. If you are a FLIR shareholder, click here to learn more about your rights and options.

Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

SOURCE: Halper Sadeh LLP



View source version on accesswire.com:
https://www.accesswire.com/636659/BREAKING-NEWS-ALERT-Halper-Sadeh-LLP-Continues-to-Investigate-PRAH-RMBL-GNMK-FLIR-Shareholders-Are-Encouraged-to-Contact-the-Firm

Recommended Stories

  • Erdogan sacks another cenbank chief after sharp Turkey rate hike

    President Tayyip Erdogan abruptly sacked Turkey's central bank chief on Saturday, two days after a sharp interest rate hike to head off inflation, replacing him with a former ruling party lawmaker and critic of tight monetary policy. It was the third time since mid-2019 that Erdogan - who has repeatedly called for low rates - has ousted a bank governor. Analysts predicted the lira would tumble when markets reopened as the bank's credibility took another hit.

  • Explainer: What rising bond yields mean for markets

    Yields on U.S. Treasuries have surged to their highest level in more than a year from record lows hit in 2020, as Federal Reserve commitments to hold rates near zero for years to come encouraged investors to bet economic growth and inflation will heat up. Improving risk appetite has encouraged investors to buy riskier assets such as stocks rather than bonds. Weaker demand for debt was evident in last month's disappointing auction of seven-year U.S. Treasury notes that helped push up yields.

  • GBP/JPY Price Forecast – British Pound Gets Hammered Against Yen

    The British pound got absolutely hammered against the Japanese yen on Friday, as we have developed more of a “risk off” type of attitude again.

  • Canadian Property Firm Buys Bitcoin in Hopes of Eventually Scrapping Condo Fees

    The firm bought 0.4 bitcoin and plans to buy more every month.

  • Daily Gold News: Friday, Mar. 19 – Gold Continues to Fluctuate

    Gold is 0.1% higher this morning, as it is cointinues to trade within a short-term consolidation.

  • Canadian border agent covertly gathered evidence on Huawei for FBI, defence argues

    The Canadian border agent who questioned Huawei Chief Financial Officer Meng Wanzhou before her arrest at Vancouver airport in 2018 went beyond the scope of his jurisdiction, in an effort to gather evidence for the FBI, Meng's legal team said on Friday. Among the questions the agent asked was whether Huawei had an office in Iran, defence lawyer Mona Duckett told the judge, a line of questioning that she argued had nothing to do with immigration and her admissibility into Canada. "It was an attempt to gather evidence for one audience," the Federal Bureau of Investigation, Duckett said as the hearing for Meng's extradition entered the last phase of arguments.

  • Billionaire Hedge Fund Mogul Alan Howard Is a Shareholder in CoinShares

    Now that CoinShares has gone public, more information about its shareholders is available.

  • Investors pour record money into equities even as bond yields rise - BofA

    Investors put a record $68.3 billion into equity funds in the week to March 17, even as a spike in government bond yields sent the high-flying Nasdaq index reeling, BofA data showed on Friday. U.S. equity funds sucked in $53 billion as ultra-easy monetary policy continued to boost risk appetite. BofA warned of tightening global financial conditions, however, with eight interest rate hikes across the world so far this year versus five cuts.

  • GBP/USD Price Forecast – British Pound Continues to Look Sluggish

    The British pound continues to look a bit sluggish, as we simply chop around in the same range that we have been in over the last couple of weeks.

  • US STOCKS-Nasdaq ends higher as Treasury yields pause

    The Nasdaq ended higher on Friday, lifted by Facebook and energy shares as U.S. Treasury yields took a break from a recent surge. FedEx Corp rallied after the U.S. delivery firm said quarterly profit jumped more than expected on higher prices and Maysurging volume from pandemic-fueled e-commerce deliveries during the holiday shipping season.

  • China is refining more oil than the US for the first time

    China incentivizes oil refineries to ramp up when the oil price is low, largely to support the domestic plastics industry.

  • Bank Of America Calls Bitcoin 'Impractical,' And Crypto Community Has A Lot To Say About That

    Bank of America Corp (NYSE: BAC) faced some backlash from the crypto community earlier today, after its criticism of Bitcoin from its latest research note made headlines. What Happened: The bank’s research note titled “Bitcoin’s Dirty Little Secrets” stated that there is “no good reason to own Bitcoin unless you see prices going up”. According to the bank, Bitcoin’s volatility makes it impractical as a store of value or a payments mechanism. Why It Matters: The research note was not well received by the crypto community who took to Twitter to share their thoughts about it. Samson Mow, CSO of blockchain technology company Blockstream, shared a graph of Bank of America’s stock price over the years and said, “If your stonk chart looks like this, you don’t get to call Bitcoin volatile.” If your stonk chart looks like this, you don't get to call #Bitcoin volatile. @BankofAmerica pic.twitter.com/nVpqlFhejY — Samson Mow (@Excellion) March 19, 2021 The research note also claimed that central bank digital currencies (CBDCs) would be “kryptonite for cryptocurrency”, which most users described as the “worst take” on cryptocurrency they have heard. Popular Bitcoin proponent Anthony Pompliano stated on Twitter that the Bank of America has a higher chance of failing than Bitcoin, and was quickly backed by most of his 650k followers on the platform. CZ, CEO of the largest cryptocurrency exchange by volume Binance, suggested that it wouldn’t be just Bank of America, but rather, all banks that would fail before Bitcoin did. Bank of America has a higher chance of failing than Bitcoin. — Pomp (@APompliano) March 17, 2021 The bank’s criticism, however, was appreciated by known Bitcoin critic Peter Schiff – According to him, the research report “concluded the obvious” and he went on to reiterate his belief that Bitcoin is the ultimate bubble. Bank of America’s stance on Bitcoin comes at a time where large institutions and public companies are buying and holding the digital asset on their balance sheets. Earlier this week, Morgan Stanley (NYSE: MS) said it would offer Bitcoin to its wealthy clients. At the time of writing, Bitcoin was trading at $58,500, up 5% in the past 24-hours. With over $1 trillion in market cap, Bitcoin is larger than JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc (NYSE: C) ,and Bank of America combined. See more from BenzingaClick here for options trades from BenzingaEthereum Could Overtake Bitcoin, Messari Analyst SaysBitcoin Mining Revenue On The Rise: Miners Record M In A Single Day© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • This Ether Options Play by Institutions Has Lottery Ticket Potential

    A pair of wildly speculative options trades on cryptocurrency trading network Paradigm has analysts’ tongues wagging.

  • Biden just canceled $1 billion in student loan debt. Are you eligible?

    The administration is providing relief to 72,000 borrowers who said they were defrauded.

  • Latest Bitcoin price and analysis (BTC to USD)

    Bitcoin is currently trading at $57,641 after falling by 3.63% from Wednesday’s high of $59,350 which came on the back of the Federal Reserve press conference.

  • Oil Price Fundamental Daily Forecast – Buyers on Sidelines as Demand Concerns Cap Gains

    Restarting vaccinations in parts of Europe is providing some support, but it may not be enough to offset lower demand caused by the renewed lockdowns.

  • Quadruple Witching Moves Jump-Start Stock Market Volume

    (Bloomberg) -- Equity traders who had been frustrated by recent sleepy volumes just got a big liquidity boost.Stock transactions spiked Friday amid a quarterly event colloquially known as quadruple witching, when options and futures on indexes and equities expire. More than 17 billion shares changed hands on exchanges, 20% above the three-month average, as the S&P 500 erased an earlier decline of 0.7% before closing the session with a slight loss.The event usually brings single-day volumes that rank among the highest of the year -- welcome news for investors who need to shuffle big holdings. There was a lot to shuffle. The broad rotation away from stocks that benefited from the pandemic lockdowns to ones that should thrive as the economy bounces back means that exchange-traded funds and quant traders might have been forced to dramatically switch positions.Quadruple witching arrived in the wake of tepid trading, with an average 12 billion shares changing hands in the first four days this week, the slowest since December. The light volume had reflected investor hesitation to place big bets around Wednesday’s Federal Reserve Open Market Committee’s policy announcement and also came as rising yields were wreaking havoc on risky bets, from unprofitable technology firms to newly minted stocks.Sentiment is “neurotic but net bullish, especially after such an important FOMC meeting,” said Michael Purves, chief executive officer at Tallbacken Capital Advisors. “Sometimes it takes the market a bit of time to get strong conviction one way or the other.”Investors started to reassess equity risks as 10-year Treasury yields marched above 1.7%, the highest in more than a year. While the S&P 500 reached an all-time high this month, boosted by economically-sensitive companies like banks, the benchmark has yet to break the 4,000 mark.Partly driven by a retail-driven rush for call contracts to chase winners, the size of option expiration this time was by some measure unprecedented. The notional value of single-stock options that were set to expire Friday totaled $655 billion, the largest non-January expiry and the third-largest on record, according to data compiled by Goldman Sachs Group Inc.As usual, quadruple witching coincided with a rebalancing of benchmarks such as the S&P 500 Index, another event that typically sparks trading. According to an estimate from Howard Silverblatt, senior index analyst at S&P 500, the rebalance in the index alone could force $30 billion of stock trades.While trading activity rose Friday, the impact of quadruple witching on the market’s overall direction is not easy to predict. If volume is any guide, its near-term fate is nothing more than a coin toss.During the past 25 years, stock volume during option expiration weeks tended to be 5% higher than the 50-day average, Sundial Capital Research’s Jason Goepfert found. But this week through Thursday, trading was running about 13% below the average. Similar quiet weeks ahead of option expiration have resulted in the S&P 500 rising 52% of the time in the following week, his study shows.Read more: How Many Witches Are Beguiling Stocks Today? It’s Just a TrioAnother way to examine the event is through the lens of options dealers, who typically need to hedge their positions by buying or selling underlying stocks. Their holdings are often scrutinized, since “long gamma” indicates they’re pushing against the prevailing market trend while “short gamma” points to a tendency to go with it.Heading into Friday, dealers held $4.9 billion worth of long gamma exposure for the S&P 500 to stay at 3,950, a level that could act as a “rubber-band” for the market, according to Charlie McElligott, a cross-asset strategist at Nomura Securities. With a significant amount of hedging positions trimmed after Friday, it could set the stage for the index to move in a wider price range, he said.McElligott said investors should take advantage of any pullback to add positions, especially as rising yields keep hammering the market. The economic reopening will gather pace in coming months, helping propel the S&P 500 to another level where dealers appear to have big exposure: 4,000, he added.That “feels like a ‘round number’ inevitability,” McElligott wrote in a note. “So I’ll keep pounding the table on scooping equities’ upside.”(Updates for Friday volume in second paragraph, chart)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Russia Surprises With Rate Hike, Signals More to Come

    (Bloomberg) -- The Bank of Russia increased interest rates for the first time since 2018 and said further hikes are likely after inflation accelerated faster than expected.The benchmark rate was raised 25 basis points to 4.5% on Friday. Just three analysts in a Bloomberg survey of 41 economists forecast the move, with the rest predicting a hold. Bloomberg reported earlier this week that the rate could be raised to 5.5% by the end of the year.The central bank considered a bigger increase on Friday, but decided that policy changes should be gradual, Governor Elvira Nabiullina, who was wearing a brooch in the shape of a hawk, said at a news briefing after the decision.“Time is of the essence,” she said. “If you postpone a rate hike, inflation may accelerate and inflation expectations won’t decrease. This will move inflation further from the target and that will require a more significant rate hike in the future.”The ruble climbed and 10-year bond yields rose to their highest level in a year.The move follows big hikes in Brazil and Turkey this week, highlighting how inflation and rising Treasury yields are becoming a problem across emerging markets. In Russia, food prices in particular have shot up, adding to a decline in living standards during the pandemic.“I think another 25 basis-point hike is coming in April or June, but April is a bit more likely,” said Tatiana Orlova, an analyst at Emerginomics in London, who correctly forecast Friday’s decision. “Then the central bank might take a pause to take stock of the impact of the hikes on the economy.”Annual inflation accelerated 5.8% as of March 15, the fastest pace in more than four years, but the central bank expects it to peak this month, according to the statement. Inflation is running above forecast and is expected to return close to the target of 4% in the first half of 2022, it said.A return to neutral policy, which would imply a rate of 5%-6%, could be reached this year, but it’s not a given, Nabiullina said.What Our Economists Say:“The central bank’s next move depends on the data, but this tightening cycle is likely to be front loaded to contain inflation. Two more hikes in April and June would provide room to maneuver in the second half of the year.”-- Scott Johnson, Bloomberg Economics. Here’s the full INSIGHTA government plan to increase spending in the first half of the year to help revive the economy from the pandemic may also propel inflation. Growth is recovering quicker than expected and will be supported by the improved global outlook, the central bank said.The threat of new U.S. sanctions has clouded the outlook for the ruble, which could add new inflationary pressures in coming months. Relations between Russia and the U.S. reached a new low this week after U.S. President Joe Biden vowed to make the Kremlin “pay a price” for election interference.Nabiullina downplayed the risk of penalties on ruble sovereign bonds, a measure being considered in Washington, saying it wouldn’t create a systemic risk because the level of outstanding debt is low. The move could cause short-term liquidity problems, she added.“The surprising rate hike not only reflects concerns about inflation, but also about the rising risk that the U.S. may impose another round of sanctions,” said Piotr Matys, a strategist at Rabobank in Moscow. “The main objective is to provide the ruble with support.”(Updates to add comments from central bank governor from third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • S&P 500 Price Forecast – Stock Markets Choppy on Quad Witching Friday

    Stock markets were all over the place on Friday as we had quad witching going on, with four different options markets expiring at the same time.

  • Short Bets Build in Treasuries Futures Causing Chaos for Bonds

    (Bloomberg) -- After futures led another bruising selloff in Treasuries on Thursday, the evidence is mounting that a big short position is responsible.Open interest in 10-year notes surged by almost 150,000 contracts, according to preliminary data, the equivalent of $14 billion in the cash bonds. Coupled with the price move, that suggests new short positions were added with overall open interest climbing to the highest in over a year.Dovish comments from the Federal Reserve Wednesday had briefly stopped the rout in bond markets until a wave of selling -- just as the Asian trading session was giving way to Europe -- sent Treasury yields skywards on Thursday. The 10-year bond yield surged as much 11 basis points to 1.75%.That’s a trend that has been prevalent all month, with the bulk of Treasuries weakness occurring outside of U.S. trading hours.In aggregate across major bond markets, open interest remains well below pre-pandemic levels. It collapsed last March when a breakdown in liquidity caused an unwind of so-called basis trades -- an arbitrage between the cash market and futures -- and a slew of margin calls that led to a huge deleveraging of bond futures positions.Read: Dealers Have Shed Over $80 Billion in Treasuries in Two WeeksFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.