In the recent past, Nasdaq Inc. recorded remarkable performance outdoing its competitors on the market and gaining solid growth in the wake of economic challenges. Despite some stake reduction by the Retirement Systems of Alabama, its Year To Date (YTD) stock return increased by 4.6%. There was also an increase in dividends to $0.24. However, there were some downfalls as the Executive Vice President, Bryan Smith sold a substantial number of his shares and the company’s stock lost 1.6% following the last earnings report, raising concerns among shareholders. In response to its ongoing performance, the corporation raised its quarterly dividend by 9.1% to $0.24 with a 1.6% yield. Nonetheless, the Q1 earnings fell short of estimates though revenues topped, and dividends were augmented. Furthermore, an abrupt drop was reported in the stock after $1.6 billion offering from a stock-exchange parent. The shares saw further decline even after the company reported an upside to consensus projections. Yet, Nasdaq persevered and partnered with Moomoo and Borse Dubai and launched a secondary offering of Nadsaq shares. While this happened, the company was expanding its risk platform in Asia with KKPS and resolved a tech issue that halted trades for over two hours. Despite missing EPS expectations in the Q1 2024 earnings, Nasdaq continues to receive lowered price targets but still remains a strong hold on performance.
Nasdaq NDAQ News Analytics from Mon, 26 Jun 2023 07:00:00 GMT to Tue, 07 May 2024 14:08:47 GMT -
Rating -3
- Innovation 4
- Information 6
- Rumor -2
