Regulator allows bitcoin futures trading; Black Friday boosted auto sales in November

December 1

CURRENCY

Regulator allows bitcoin futures trading

A federal regulator gave the go-ahead on Friday to the CME Group to start trading bitcoin futures later this month, the first time the digital currency will be traded on a Wall Street exchange and subject to federal oversight.

CME, which owns the Chicago Mercantile Exchange, will start trading bitcoin futures Dec. 18, the company said. The Commodities Futures Trading Commission, the primary regulator for exchanges like the CME, gave approval for the exchange to create bitcoin futures after six weeks of talks.

CME is using a process known as “self-certification,” which is when an exchange pledges that the new instruments will not break any federal securities laws.

The price of bitcoin futures will be based on the price the digital currency is going for on its major exchanges — Bitstamp, GDAX, itBit and Kraken. Due to volatility, the futures will have higher margin levels and intraday price limits, CME said.

— Associated Press

AUTO INDUSTRY

Black Friday boosted sales in November

Black Friday deals and strong consumer confidence pushed auto sales higher in November, according to data released Friday.

Market analysis firm Autodata reported U.S. sales of new cars and trucks rose 1 percent to nearly 1.4 million last month.

Some analysts had said November sales would drop as post-hurricane sales slowed in Texas and Florida. But Black Friday deals helped lure buyers.

Automakers were offering an average of $3,700 to $3,800 in incentives per vehicle last month. As prices creep up, deals creep up also, analysts say. The trend will probably continue in 2018, when U.S. sales are expected to drop and automakers will be keen to hold on to their market share.

Sales were buoyed by strong U.S. consumer confidence, which was at its highest level since November 2000, according to the Conference Board, an industry-backed research group.

Subaru sales rose 1 percent, and Honda saw an 8 percent jump. Ford sales rose 7 percent on demand for trucks and SUVs.

Hyundai sales fell 9 percent, with Toyota and GM seeing a 3-percent drop. Fiat Chrysler sales fell 4 percent, and Volkswagen sales were down 1.6 percent.

— Associated Press

ECONOMY

In Nov., manufacturing fell, construction rose

A measure of U.S. factory activity fell in November as a gauge of employment cooled, but the index continued to point to strengthening manufacturing conditions.

The Institute for Supply Management said Friday its index of national factory activity slipped to a reading of 58.2 last month from 58.7 in October. The index was only marginally below a September reading that was the highest since May 2004.

But the ISM’s employment index slipped to 59.7 from 59.8, which could point to less strength in manufacturing hiring this month.

Other data on Friday showed a jump in U.S. construction spending in October as public construction outlays surged and investment in private projects increased for the first time in four months. The Commerce Department said construction spending increased 1.4 percent to a record high of $1.24 trillion.

— Reuters

Also in Business

Prosecutors are seeking a seven-year prison sentence for a Volkswagen senior manager who pleaded guilty in the automaker’s U.S. diesel emissions scandal. Oliver Schmidt, 48, will be sentenced Wednesday in Detroit federal court. In a court filing this week, federal prosecutors said Schmidt followed a “script of deception” while VW used software to cheat emissions rules when he led VW’s engineering and environmental office in Michigan from 2012 to 2015.

Macy’s said Friday that it had a strong start to the holiday shopping season and would hire an additional 7,000 temporary workers in anticipation of the demand continuing through Christmas. The department store chain had said in September it would hire 80,000 temporary workers for the holidays, compared with last year’s 83,000.

Ford is recalling more than 202,000 pickup trucks and SUVs in North America because front-seat cushions can come loose and fail to properly hold people in a crash. The recall covers certain 2016 F-150 and Explorer vehicles equipped with front power seats. The automaker said a bolt in the power-seat adjuster can come loose or fall out. If that happens, the seat cushion can move too far. Ford said it’s not aware of any crashes or injuries from the problem.

— From news reports

Institutional Ownership And Insider Trading At Symantec Corporation (SYMC) – Economics and money

Symantec Corporation (NASDAQ:SYMC) has seen its stock price gain 8.61, or +36.04%, so far in 2017. In the past 3-month period alone, shares of SYMC have appreciated +1.47 – or +4.74%. The stock’s 52-week range is $22.76 to $34.20, and its 3-month range is $27.67 to $34.20.

The average Wall Street analyst rating for Symantec Corporation is Hold, according to the average of 19 analyst scores. Of those analysts, 5 rate stock as a Strong Buy, 12 rate it as Hold, and just 1 analyst rates it as a Moderate Sell.

Insider Trading Activity for Symantec Corporation

Looking at a public company’s insider trading can give great insight into how the stock is performing. Symantec Corporation has had 21 insider trades in the last 3 months, including 0 open market buys and 21 sells. Of those insider trades, 0 shares of Symantec Corporation were purchased and 1.67 million shares were sold. The total number of shares traded in the last 90-day period is 1.67 million.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 94 insider trades, including 19 open market buys and 75 sells. Of those transactions, there were 678,109 shares of SYMC bought and 2.68 million shares sold. The total number of shares traded in the last 12 months is 3.35 million.

The most recent open market insider trade was Automatic Sell of 2,500 shares on a day where the closing price was 32.81. The insider, VAUTRINOT SUZANNE M, now holds 27,825 shares of SYMC.

The most recent non open market insider trade was completed by CAPPELLANTI-WOLF AMY L. on 09/01/2017, and was a disposition of 6,744 shares with a final price of $29.86. The insider now holds 115,997 shares of Symantec Corporation (SYMC).

Examining Institutional Ownership at Symantec Corporation (NASDAQ:SYMC)

According to Symantec Corporation’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 93.61%. The total amount of shares outstanding is 610.13 million, giving the company a market capitalization of about 19.83 billion.

There are 591 institutional holders with active positions, accounting for 575.28 million shares in total. Of those holders, 241 had increased positions amounting to 70.84 million shares, 268 had decreased positions amounting to 74.56 million shares, and 82 holders have a held position accounting for 429.87 million shares.

The top 5 institutional holders, in ascending order, are as follows: CAPITAL WORLD INVESTORS with 75.82 million shares, VANGUARD GROUP INC with 61.2 million shares, BLACKROCK INC. with 40.85 million shares, FRANKLIN RESOURCES INC with 35.79 million shares, and STATE STREET CORP with 26.08 million shares.

According to Symantec Corporation (SYMC) most recent 13F filing, the company has 65 new institutional holders – accounting for 16.03 million shares of its common stock. There were 75 sold out positions, amounting to 33.08 million shares.

How Have Institutional Investors Been Trading Symantec Corporation (SYMC)? – Economics and money

Symantec Corporation (NASDAQ:SYMC) has seen its stock price gain 8.33, or +34.87%, so far in 2017. In the past 3-month period alone, shares of SYMC have appreciated +1.04 – or +3.34%. The stock’s 52-week range is $22.76 to $34.20, and its 3-month range is $27.67 to $34.20.

The average Wall Street analyst rating for Symantec Corporation is Hold, according to the average of 19 analyst scores. Of those analysts, 5 rate stock as a Strong Buy, 12 rate it as Hold, and just 1 analyst rates it as a Moderate Sell.

Insider Trading Activity for Symantec Corporation

Taking a look at insider trading at Symantec Corporation (NASDAQ:SYMC) can give useful insight into how the stock is performing. Symantec Corporation has had 24 insider trades in the last 3 months, including 0 open market buys and 24 sells. Of those insider trades, 0 shares of Symantec Corporation were purchased and 1.79 million shares were sold. The total number of shares traded in the last 90-day period is 1.79 million.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 95 insider trades, including 19 open market buys and 76 sells. Of those transactions, there were 678,109 shares of SYMC bought and 2.72 million shares sold. The total number of shares traded in the last 12 months is 3.39 million.

The most recent open market insider trade was Automatic Sell of 2,500 shares on a day where the closing price was 32.81. The insider, VAUTRINOT SUZANNE M, now holds 27,825 shares of SYMC.

The most recent non open market insider trade was completed by CAPPELLANTI-WOLF AMY L. on 09/01/2017, and was a disposition of 6,744 shares with a final price of $29.86. The insider now holds 115,997 shares of Symantec Corporation (SYMC).

Examining Institutional Ownership at Symantec Corporation (NASDAQ:SYMC)

According to Symantec Corporation’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 93.65%. The total amount of shares outstanding is 608.33 million, giving the company a market capitalization of about 19.60 billion.

There are 591 institutional holders with active positions, accounting for 575.53 million shares in total. Of those holders, 239 had increased positions amounting to 70.28 million shares, 272 had decreased positions amounting to 74.75 million shares, and 80 holders have a held position accounting for 430.5 million shares.

The top 5 institutional holders, in ascending order, are as follows: CAPITAL WORLD INVESTORS with 75.82 million shares, VANGUARD GROUP INC with 61.2 million shares, BLACKROCK INC. with 40.85 million shares, FRANKLIN RESOURCES INC with 35.79 million shares, and STATE STREET CORP with 26.08 million shares.

According to Symantec Corporation (SYMC) most recent 13F filing, the company has 63 new institutional holders – accounting for 16.04 million shares of its common stock. There were 76 sold out positions, amounting to 34.25 million shares.

Shares Higher Over the Last Five Trading Sessions: Acer Therapeutics Inc. (:ACER) – Hiram Herald

All three benchmark US indexes shut reduce on Friday after fluctuating through the session.

Acer Therapeutics Inc. (:ACER) performed properly this 7 days, continuing its extraordinary close to-time period upward motion.  The stock has moved north 23.43% above the previous 7 days of investing.  

Searching further out, above the previous twelve months, Acer Therapeutics Inc.’s stock was -53.46% and 112.45% above the final quarter and 157.79% for the previous six months. 

There are several reasons why a stock may advance so considerably, so rapidly.  The complete current market, which include region, continent, or world-wide, may have absent up thanks to macro reasons.  The firm may have described better than anticipated (consensus) earnings effects.

The firm may have declared a key adjust in the organization, these as a buyout, M&A, spin-off, R&D effects or the acquisition of a new large client.  The firm may have declared its involvement in a lawsuit.  The firm may have adjusted its annually steering.  The institutional traders may have purchased a large chunk of shares of the firm.

Over the previous 50 days, Acer Therapeutics Inc. (:ACER) stock was -19.05% off of the large and 149.17% eradicated from the small.  Their 52-7 days Large and Small are mentioned here.  -54.52% (Large), 253.82%, (Small). 

RSI 

Acer Therapeutics Inc. (:ACER) might have wonderful momentum, but how has it been carrying out relative to the current market?  The stock’s rate is $18.32 and their relative toughness index (RSI) stands at 69.99.  RSI is a technical oscillator that reveals rate toughness by evaluating upward and downward movements.  It implies oversold and overbought rate ranges for a stock.  

Disclaimer: The views, views, and information expressed in this posting are all those of the authors and do not automatically replicate the formal policy or position of any firm stakeholders, fiscal experts, or analysts. Examples of investigation performed in this posting are only examples.

They must not be used to make stock portfolio or fiscal choices as they are centered only on restricted and open up supply information. Assumptions designed in the investigation are not reflective of the position of any analysts or fiscal experts. This is not a recommendation to obtain or sell Acer Therapeutics Inc. (:ACER).

Acer Inc (2353) Is Yet to See Trading Action on Oct 13

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Oct 13, 2017 – By Darrin Black

Shares of Acer Inc (TPE:2353) closed at 15.8 yesterday. Acer Inc at present has a total float of 3.03B shares and on common sees shares trade hands each and every day. The inventory now has a 52-week small of 12.65 and higher of 17.1.

TWSE: Giving Taiwan A Global Identity

Taiwan is 1 of the quickest-escalating nations around the world in Asia in terms of financial prospects. Its trade and commerce sector plays an important function in the constant accomplishment of the broader Asian trade and commerce atmosphere. Lively trades is 1 of the key topic of Acer Inc fascination there. The country’s compelling company governance is what would make Asia the excellent region that it is nowadays.

The Inventory Exchange

The Taiwan Inventory Exchange (TWSE) is the primary inventory trade in Taiwan that was launched on Oct 23, 1961. Having said that, the formal operations did not begin till February 9, 1962. The TWSE is owned by the TWSE Corp. and is controlled under the country’s Economic Supervisory Commission.

As of December 31, 2013, there are far more than 800 corporations mentioned on the TWSE, bringing its overall industry capitalization to NT$24.52 million. And Acer Inc is 1 of them.

The TWSE is composed of several sectors but the engineering sector appears to be flourishing the most. Taiwan is home to some of the biggest electronics agreement producers around the globe this kind of as the Hon Hai Precision Market and Taiwan Semiconductor Production (TSMC).

Pre-industry investing on the TWSE begins at 7:40 a.m. and lasts for an hour, ending at 8:40 a.m. It is then followed by standard investing that begins at 9:00 a.m. and lasts for 4 hours and 45 minutes, ending at 1:45 p.m. Finally, submit-industry investing begins at 2:00 p.m. and lasts fot an hour, ending at 3:00 p.m.

The Index

The Taiwan Capitalization-Weighted Inventory Index (TAIEX) is the benchmark index in Taiwan. It tracks all the stocks mentioned on the TWSE with the exception of total-supply stocks, desired stocks, and all those that have not been mentioned for at least 1 calendar thirty day period. Consequently, the TAIEX is a sturdy indicator of the health of the Taiwanese economic system.

When the TAIEX experienced 1st been published in 1967, its foundation benefit of 100 points has a foundation day of 1966.

The TAIEX has an all-time higher of 10,202.20 points, which was final witnessed in 2000. The surge all through that time was mostly pushed by the gradual recovery of the Taiwanese economic system right after suffering from a considerable meltdown brought about by the earthquake that experienced strike Taiwan in 1999.

On the other hand, its all-time small of 3,446.26 points was final witnessed in 2001. The TAIEX experienced dipped to that amount a thirty day period right after the terrorist assaults in the US, a tragedy commonly identified as 9/11. The bombing of the twin towers experienced led to a popular stress among the buyers that rippled all more than the entire world. As for Taiwan, its export sector experienced mostly been influenced. Acer Inc did not unfold the stress.

Asia is commonly envisioned to make up about 26% of the global fiscal prosperity by 2019. With Taiwan carrying out its have expansion potentials, it is 1 of the biggest contributors to this future feat. This is why the TWSE is 1 of the most intriguing equity marketplaces nowadays. Investments will definitely guide to worthwhile returns, an important thought for quick-phrase and very long-phrase buyers alike.

A lot more noteworthy latest Acer Inc (TPE:2353) information had been published by: Globenewswire.com which unveiled: “Acer Therapeutics Welcomes Two New Members to its Board of Directors” on Oct 12, 2017, also Prnewswire.com with their write-up: “New Acer Chromebook 15 with Aluminum Style and design Makes Entertainment A lot more Pleasurable …” published on August 30, 2017, Prnewswire.com published: “Acer Announces the New Aspire S24, Its Slimmest-Ever All-in-A single Desktop PC” on August 30, 2017. A lot more intriguing information about Acer Inc (TPE:2353) had been unveiled by: Forbes.com and their write-up: “Acer Goes Soon after Informal Cell Gamers With Sleek, GeForce-Driven Nitro 5 Spin …” published on August 25, 2017 as perfectly as Globenewswire.com‘s information write-up titled: “Acer Therapeutics and Opexa Therapeutics Close Merger and Financing” with publication day: September 19, 2017.

Acer Incorporated is a Taiwan-primarily based company principally engaged in the investigation, improvement, style, manufacture and distribution of particular pcs and notebook pcs. The corporation has industry cap of $48.61 billion. The Firm offers its merchandise under the brands named Acer, Gateway, Packard Bell and eMachines, like desktop PCs, notebook pcs, shows, servers, as perfectly as computer system peripheral merchandise and other merchandise. It at present has unfavorable earnings. The Firm distributes its merchandise inside domestic industry and to overseas marketplaces, like Europe, the Americas and the rest of Asia.

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By Darrin Black