GameStop s 400% rally puts market value atop some in S&P 500
Paul Jarvis, Bloomberg News VIDEO SIGN OUT
GameStop Corp. soared for a fourth straight session, catapulting the former small capâs market value beyond 14 members of the S&P 500, including Marathon Oil Corp.
The stock climbed as much as 32 per cent before trimming gains to put its market capitalization at about US$6.5 billion, more than the likes of Apache Corp. and Hanesbrands Inc. It surpassed insurance-provider Unum Group and refiner HollyFrontier Corp. on Monday.
Tell me what to buy tomorrow and if you convince me Iâll throw a few 100 kâs at it to start.
KeyBanc boosted Micron Technology, Inc. (NASDAQ: MU) price target from $82 to $121. Micron shares rose 4.5% to $82.70 in pre-market trading.
Needham lifted .
Global Atlantic strikes $8.5bn reinsurance deal with Unum
18-12-2020
05-03-2020
US-base life and annuity re/insurance company Global Atlantic Financial Group has signed a $8.5 billion reinsurance deal with Unum Group.
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CHATTANOOGA, Tenn., Dec. 17, 2020 /PRNewswire/ Unum Group (NYSE: UNM) today announced that three of its insurance company subsidiaries have entered into an agreement to reinsure a substantial portion of Unum s Closed Individual Disability Insurance Block ( IDI ) business, backed by approximately $7.1 billion in reserves, to a subsidiary of Global Atlantic through a coinsurance arrangement. Global Atlantic s subsidiary will maintain over-collateralized trust accounts for the benefit of each Unum ceding company to secure its obligations under the relevant reinsurance agreement. Unum will continue to provide service and administration for the reinsured IDI business.
(PRNewsfoto/Unum Group)