Nasdaq, symbol NDAQ, has offered substantial returns over the past five years with a 151% increase, attracting significant attention from significant institutional investors like MetLife Investment Management LLC, UBS AM, and Citigroup Inc. Despite reports of declining short interest, passive investment has continued, with analytical firms establishing positive outperform ratings. Broader growth prospects have also been recognised, with a deepening technology partnership with IDX and key stake increases from Zurcher Kantonalbank and BNP Paribas. While stock sell-offs by secondary shareholders have encountered bearing slumps, bullish sentiments have continued. Firms such as Eventide Asset Management LLC and Quantbot Technologies LP have substantially expanded their positions in NDAQ. The third quarter of fiscal year 2024 saw strong revenue growth and strategic integrations, confirming the company’s positive trajectory. Additional key events have included AppLovin joining the Nasdaq-100 Index, the approval of 24X trading on the National Exchange, Palantir switching from NYSE to Nasdaq, strengthening relationships with tech partners like FIA Tech, Nasdaq executives presenting at key investor conferences, and a successful Q3 earnings reporting beating estimates. However, potential weaknesses emerged, with significant insider sales and concerns about penny stocks needing stricter delisting rules.
Nasdaq NDAQ News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sat, 30 Nov 2024 14:45:48 GMT - Rating 8 - Innovation 6 - Information 9 - Rumor -3
