ITM Crowded With Sellers
RSI Analysis: Intermediate Muni's RSI reading is at 25.5, indicating potential exhaustion of recent selling, while the S&P 500's RSI is significantly higher at 64.7.
Stock Performance: ITM shares have a 52-week range between $43.35 and $47.1499, currently trading at $46.03, reflecting a slight decline of 0.6% for the day.
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Major municipal market website allegedly affected by ransomware attack
Ransomware Attack Impact: MuniOS.com, a crucial platform for the $4.3 trillion municipal bond market, has been incapacitated by a ransomware attack, affecting thousands of borrowers and investors who rely on it for transaction information.
Alternative Solutions: The Municipal Securities Rulemaking Board has advised issuers to use its EMMA website for posting preliminary official statements and other market information during the MuniOS.com outage, although it did not address the service disruption directly.
ITM Stock Surpasses 200-Day Moving Average
52 Week Range: ITM's stock has a 52-week low of $43.42 and a high of $47.01, with the last trade recorded at $45.67.
Market Analysis: The article mentions other ETFs that have recently crossed above their 200-day moving average.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Data Limitations: The information is based on data available up to October 2023.
FTSE 100 Today: Index rises; BoE’s Greene flags inflation outlook, DCC falls By Investing.com
British Stock Market Update: British stocks, including the FTSE 100, closed higher after the Easter break, with notable gains from J Sainsbury and Tesco, while DCC plc and Entain PLC saw declines. Bank of England official Megan Greene suggested that U.S. tariffs could help lower U.K. inflation.
Company Developments: ITM Power's shares surged after raising revenue forecasts, while DCC plc's shares fell due to plans to sell its healthcare unit for £1.05 billion. Additionally, City of London Investment Group reported a $170 million outflow linked to tariff uncertainties, and Unilever is considering cutting funding to the Ben & Jerry’s Foundation.
ITM stock gains after securing FEED contract for EU green hydrogen production site By Investing.com
ITM Power's New Contract: ITM Power has secured a Front-End Engineering Design (FEED) contract for a 50MW green hydrogen production site in the EU, utilizing ten NEPTUNE V units and expected to produce around 5kt/a of green hydrogen by late 2027.
Impact on Renewable Energy Goals: The project aims to support local industries with green hydrogen and aligns with the EU's renewable energy objectives, with a Final Investment Decision anticipated in 2025.
European stocks close lower as Trump's remarks spark trade war fears By Investing.com
European Stock Market Decline: European stock markets fell on concerns over a potential trade war with the US following President Trump's tariff threats against the EU, alongside disappointing economic data from Germany and the UK.
Corporate Sector Movements: ITM Power's stock rose after securing a contract for a green hydrogen project, while Synairgen, Idorsia, and Zealand Pharma faced significant stock declines due to fundraising efforts and regulatory setbacks.
European stock markets fall on trade war concerns By Investing.com
European Stock Market Decline: European stock markets fell due to concerns over a potential trade war with the US, exacerbated by President-elect Trump's tariff threats against the EU and disappointing economic data from Germany and the UK.
Impact on Oil Prices and Political Uncertainty: Crude oil prices dropped amid fears of weakening demand and a looming US government shutdown, while specific stocks like ITM Power rose after securing contracts, contrasting with Synairgen's significant decline following a fundraising announcement.
Major municipal market website allegedly affected by ransomware attack
Ransomware Attack Impact: MuniOS.com, a crucial platform for the $4.3 trillion municipal bond market, has been incapacitated by a ransomware attack, affecting thousands of borrowers and investors who rely on it for transaction information.
Alternative Solutions: The Municipal Securities Rulemaking Board has advised issuers to use its EMMA website for posting preliminary official statements and other market information during the MuniOS.com outage, although it did not address the service disruption directly.
ITM Stock Surpasses 200-Day Moving Average
52 Week Range: ITM's stock has a 52-week low of $43.42 and a high of $47.01, with the last trade recorded at $45.67.
Market Analysis: The article mentions other ETFs that have recently crossed above their 200-day moving average.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Data Limitations: The information is based on data available up to October 2023.
FTSE 100 Today: Index rises; BoE’s Greene flags inflation outlook, DCC falls By Investing.com
British Stock Market Update: British stocks, including the FTSE 100, closed higher after the Easter break, with notable gains from J Sainsbury and Tesco, while DCC plc and Entain PLC saw declines. Bank of England official Megan Greene suggested that U.S. tariffs could help lower U.K. inflation.
Company Developments: ITM Power's shares surged after raising revenue forecasts, while DCC plc's shares fell due to plans to sell its healthcare unit for £1.05 billion. Additionally, City of London Investment Group reported a $170 million outflow linked to tariff uncertainties, and Unilever is considering cutting funding to the Ben & Jerry’s Foundation.
ITM stock gains after securing FEED contract for EU green hydrogen production site By Investing.com
ITM Power's New Contract: ITM Power has secured a Front-End Engineering Design (FEED) contract for a 50MW green hydrogen production site in the EU, utilizing ten NEPTUNE V units and expected to produce around 5kt/a of green hydrogen by late 2027.
Impact on Renewable Energy Goals: The project aims to support local industries with green hydrogen and aligns with the EU's renewable energy objectives, with a Final Investment Decision anticipated in 2025.
European stocks close lower as Trump's remarks spark trade war fears By Investing.com
European Stock Market Decline: European stock markets fell on concerns over a potential trade war with the US following President Trump's tariff threats against the EU, alongside disappointing economic data from Germany and the UK.
Corporate Sector Movements: ITM Power's stock rose after securing a contract for a green hydrogen project, while Synairgen, Idorsia, and Zealand Pharma faced significant stock declines due to fundraising efforts and regulatory setbacks.
European stock markets fall on trade war concerns By Investing.com
European Stock Market Decline: European stock markets fell due to concerns over a potential trade war with the US, exacerbated by President-elect Trump's tariff threats against the EU and disappointing economic data from Germany and the UK.
Impact on Oil Prices and Political Uncertainty: Crude oil prices dropped amid fears of weakening demand and a looming US government shutdown, while specific stocks like ITM Power rose after securing contracts, contrasting with Synairgen's significant decline following a fundraising announcement.
