Stifel Upgrades W&T Offshore to Buy, Raises Price Target to $6.9
Stifel analyst Michael Scialla upgrades W&T Offshore (NYSE:WTI) from Hold to Buy and raises the price target from $5.1 to $6.9.
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DICE Therapeutics, Inc. (NASDAQ: DICE) shares surged 117% to settle at $36.89 on Wednesday as the company priced its IPO at $17 per share.
Mid-Day Market Update: Crude Oil Surges 3%; Kaival Brands Shares Plunge
Midway through trading Wednesday, the Dow traded up 0.16% to 34,633.63 while the NASDAQ fell 0.02% to 15,035.07. The S&P also rose, gaining 0.19% to 4,451.27.
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Indaptus Therapeutics, Inc. (NASDAQ: INDP) shares jumped 177.2% to $19.60 after the company announced the United States Patent and Trademark Office has issued a notice of allowance for claims related to the company's platform technology.
Looking into W&T Offshore’s Return on Capital Employed
Pulled from Benzinga Pro data W&T Offshore (NYSE:WTI) posted a 15.31% decrease in earnings from Q1. Sales, however, increased by 5.72% over the previous quarter to $132.83 million.
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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.
