Business Investors – Antochi http://antochi.ro/ Fri, 02 Jul 2021 13:24:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://antochi.ro/wp-content/uploads/2021/07/icon-1-150x150.png Business Investors – Antochi http://antochi.ro/ 32 32 Opportunity for investors with substantial losses to pursue Ocugen, Inc. class action – OCGN https://antochi.ro/opportunity-for-investors-with-substantial-losses-to-pursue-ocugen-inc-class-action-ocgn/ https://antochi.ro/opportunity-for-investors-with-substantial-losses-to-pursue-ocugen-inc-class-action-ocgn/#respond Fri, 02 Jul 2021 13:00:00 +0000 https://antochi.ro/opportunity-for-investors-with-substantial-losses-to-pursue-ocugen-inc-class-action-ocgn/ SAN DIEGO – (COMMERCIAL THREAD) –Robbins Geller Rudman & Dowd LLP announces that purchasers of securities of Ocugen, Inc. (NASDAQ: OCGN) between February 2, 2021 and June 10, 2021 inclusive (the “Class Period”) have until August 17, 2021 to solicit appointment as applicant Ocugen class action lawsuit. The case is captioned Nicanor v. Ocugen, Inc., […]]]>

SAN DIEGO – (COMMERCIAL THREAD) –Robbins Geller Rudman & Dowd LLP announces that purchasers of securities of Ocugen, Inc. (NASDAQ: OCGN) between February 2, 2021 and June 10, 2021 inclusive (the “Class Period”) have until August 17, 2021 to solicit appointment as applicant Ocugen class action lawsuit. The case is captioned Nicanor v. Ocugen, Inc., No. 21-cv-02725, and is attributed to C. Darnell Jones, II of the Eastern District of Pennsylvania. the Ocugen The class action accuses Ocugen and some of its executives of violations of the Securities Exchange Act of 1934.

If you wish to serve as the principal applicant of the Ocugen class action or have questions about your rights regarding the Ocugen class action, please provide your information here or contact lawyer JC Sanchez de Robbins Geller, at 800 / 449-4900 or 619 / 231-1058 or by email at jsanchez@rgrdlaw.com. The principal applicant’s requests for the Ocugen The class action must be filed with the court no later than August 17, 2021.

CASE ALLEGATIONS: the Ocugen The Class Action alleges that, throughout the Class Period, the Defendants made false and misleading statements and failed to disclose that: (i) the information Ocugen submitted to the Food and Drug Administration of the United States (“FDA”) were insufficient to justify an Emergency Use Authorization (“EUA”); (ii) Ocugen would not file an EUA with the FDA; and (iii) as a result, Ocugen’s financial statements, as well as the statements of the defendants regarding Ocugen’s business, operations and prospects were false and misleading and / or lacked reasonable basis.

On June 10, 2021, Ocugen issued a press release announcing that it would pursue a Biologics License Application (“BLA”) with the FDA instead of the previously announced EUA. In doing so, Ocugen revealed that “[t]FDA provided comments to Ocugen regarding the main dossier the company had previously submitted and recommended that Ocugen pursue a BLA submission instead of an EUA application for its vaccine candidate and requested additional information and data . Ocugen is in talks with the FDA to understand the additional information required to support a BLA submission. The Company anticipates that data from an additional clinical trial will be required to support the submission. At this news, Ocugen’s share price fell more than 28%, hurting investors.

THE MAIN COMPLAINANT PROCESS: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Ocugen securities during the Recourse Period to seek appointment as principal plaintiff in the Ocugen class action lawsuit. A principal plaintiff is generally the plaintiff with the greatest financial interest in the remedy sought by the putative class which is also typical and adequate of the putative class. A principal applicant acts on behalf of all other class members by ordering Ocugen class action lawsuit. The lead plaintiff can choose a law firm of their choice to litigate the Ocugen class action lawsuit. The ability of an investor to participate in any potential future recovery of the Ocugen the class action does not depend on the function of principal plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm representing investors in securities class actions. Robbins Geller lawyers have secured many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $ 7.2 billion – in In re Enron Corp. Dry. Litigation. The 2020 ISS Securities Class Action Services Top 50 report ranked Robbins Geller # 1 for recovering $ 1.6 billion from investors last year, more than double the amount recovered by any other company from securities claimants. Please visit http://www.rgrdlaw.com for more information.

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Here’s Why Investors Should Keep Marriott Vacations (VAC) Now – July 2, 2021 https://antochi.ro/heres-why-investors-should-keep-marriott-vacations-vac-now-july-2-2021/ https://antochi.ro/heres-why-investors-should-keep-marriott-vacations-vac-now-july-2-2021/#respond Fri, 02 Jul 2021 12:45:32 +0000 https://antochi.ro/heres-why-investors-should-keep-marriott-vacations-vac-now-july-2-2021/ Marriott Vacations Worldwide Corporation (Quick quote from VACACC – Free Report) benefits from strong contract sales, improved occupancy rates and the focus on digitization. As a result, the company’s shares have gained 17.7% year-to-date, compared to industry growth of 4.4%. However, the coronavirus pandemic and the high spending took a toll on the business. Let’s […]]]>

Marriott Vacations Worldwide Corporation (ACC Free Report) benefits from strong contract sales, improved occupancy rates and the focus on digitization. As a result, the company’s shares have gained 17.7% year-to-date, compared to industry growth of 4.4%. However, the coronavirus pandemic and the high spending took a toll on the business. Let’s dig deeper and analyze the factors that have had an impact on the performance of the company.

Robust contract sales

Recently, Marriott Vacations updated its outlook for the second quarter of 2021. The company continues to post a strong recovery in the second quarter of 2021. As occupancy rates and visits grow sequentially in the second quarter, VPGs remain well above 2019 levels. The company expects contract sales in the range of $ 345 million to $ 355 million in the second quarter, from an earlier estimate of $ 320 million to $ 340 million. Contract sales are expected to increase by 55% sequentially at the midpoint of the aforementioned estimated forecast.

Image source: Zacks Investment Research

Gradually increasing occupancy

During the first quarter of 2021, the company recorded high occupancy rates in short-haul flight destinations. Notably, occupancy rates at resorts in Florida Beach increased in the upper 80% range, while occupancy rates at resorts in South Carolina and resorts in Colorado and Utah increased by 80% and 85%, respectively. In addition, resorts in the US Virgin Islands recorded occupancy rates of over 85% during the quarter.

During the quarter, the company also saw improved occupancy rates in states that previously lagged behind. Notably, occupancy rates in Orlando averaged nearly 60% during the quarter, with more than 75% in March 2021, or more than 20% of North American keys. In addition, the company saw a solid improvement in occupancy rates in Hawaii (excluding Kauai), following the lifting of restrictions in October 2020. Notably, occupancy rates for Hawaii have averaged nearly 70% in the past. during the quarter, with an average of nearly 85% in March 2021.

Digital innovation

Hoteliers are adopting aggressive technology initiatives to compete and respond to the changing nature of consumer demand. Marriott Vacation has also focused on digital expansion and innovation of the latest techniques. In the second quarter of 2019, the company launched its digital marketing program with Marriott, which will allow Marriott.com users to receive attractive offers and promotions. Marriott Vacations is also looking for opportunities on other social media and digital advertising platforms. Management is optimistic about incorporating new data analytics into its marketing strategy.

Concerns

Given the widespread nature of the business, Marriott Vacations has experienced declines in occupancy, rentals, and contract sales due to ‘stay at home’ recommendations (or requirements), quarantines, and reluctance. of consumers to travel.

Despite the cost synergies resulting from the acquisition of ILG, the company incurred significant expense costs. Despite limited operations in 2020 due to the pandemic, total spending amounted to $ 2,984 million from $ 3,801 million in 2019. Although total spending decreased to $ 759 million in the first quarter of 2021 from $ 1,010 million in the previous quarter, the company still sees some wage inflation and increases in general and marketing costs. In particular, escalating marketing and sales expenses as well as management and trading costs affected total costs. In the future, costs are expected to increase further due to the impact of the coronavirus.

Marriott Vacations, which shares space with Choice hotels (CHH Free report), Hilton Grand Vacations Inc. (heavyweight Free report) and Playa Hotels & Resorts NV (PLYA Free Report), carries a Zacks Rank # 3 (Hold). You can see The full list of today’s Zacks # 1 Rank (Strong Buy) stocks here.

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Employment report June 2021: https://antochi.ro/employment-report-june-2021/ https://antochi.ro/employment-report-june-2021/#respond Fri, 02 Jul 2021 12:30:18 +0000 https://antochi.ro/employment-report-june-2021/ Job growth jumped in June as businesses sought to keep pace with the rapid recovery in the US economy, the Labor Department reported on Friday. Non-farm wages rose 850,000 for the month, up from the Dow Jones estimate of 706,000 and better than the revised upward 583,000 in May. The unemployment rate, however, rose to […]]]>

Job growth jumped in June as businesses sought to keep pace with the rapid recovery in the US economy, the Labor Department reported on Friday.

Non-farm wages rose 850,000 for the month, up from the Dow Jones estimate of 706,000 and better than the revised upward 583,000 in May. The unemployment rate, however, rose to 5.9% against 5.6% expected.

The increase in the unemployment rate occurred even though the participation rate remained unchanged at 61.6%. A separate figure that takes into account discouraged workers and those in part-time jobs for economic reasons fell sharply to 9.8%, with the 0.4 percentage point drop placing the so-called real unemployment rate below 10% for the first time since March 2020.

Markets rose on the news, with futures on major indexes showing modest gains to open ahead of the holiday weekend.

“From a market perspective, this is a very positive employment report,” said Seema Shah, chief strategist at Principal Global Investors. “Today’s improvement likely reflects a slight easing of labor supply constraints that have held back the labor market in recent months, as well as the continued momentum of economic reopening.”

Hiring has accelerated as the second quarter has turned into a summer that will see a closer return to normal for Americans held captive in the past year due to restrictions linked to the pandemic.

As data continues to rise, economists expect second-quarter GDP growth to approach 10%, an astonishing continuation of a rebound helped by vaccines that have sharply reduced rates of Covid cases -19 as well as hospitalizations and deaths.

The latest figures bring the total number of jobs recovered after the pandemic to 15.6 million. More than 22.3 million Americans were laid off in March and April 2020 due to government-imposed trade restrictions, and total employment remains 7.13 million lower than in February 2020 .

The hotel industry continued to be the main beneficiary of the reopening, with workers returning to work in bars, restaurants, hotels, etc.

The industry recorded a gain of 340,000 in easing restrictions across the country. That total included 194,000 bars and restaurants, but still left the sector at 2.2 million less than in February 2020 before the start of the pandemic.

Other notable gains were in education, which totaled 269,000 hires at state, local and private levels, while professional and business services increased by 72,000 and retailing added 67,000.

The other services industry created 56,000 jobs, including a gain of 29,000 in personal and laundry services, a subsector that was seen as an indicator of the resumption of normal business activity. Social assistance added 32,000, while wholesaling contributed 21,000 in total and mining increased by 10,000.

Manufacturing edged up 15,000 for the month, although construction lost 7,000 jobs despite a sizzling housing industry where new buildings were hampered by supply shortages and soaring timber prices before the recent fall.

Amid the rise in total employment, wage gains also accelerated.

Average hourly earnings rose 0.33% for the month and 3.6% year-on-year, both in line with Dow Jones estimates.

Overall wage growth had been skewed during much of the pandemic, as low-income workers in high-contact industries like the hospitality industry were left on the sidelines. June’s gain puts the labor market ahead of its previous pace; The average hourly wage rose 3% in February 2020 year-over-year as low-income workers were finally seeing gains after a generation of stagnant wages.

This is last minute news. Please come back here for updates.

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