Benzinga reviews this weekend’s top stories covered by Barron’s. Here are the articles investors need to read.
In “Freshpet Activist May Bring Less Change Than Expected“Carleton English writes that Jana Partners’ proxy fight with food and treat maker Freshpet Inc FRPT will most likely fail as the activist hedge fund — and the company’s largest shareholder — attempts to reshuffle Freshpet’s board of directors.
“GM CFO Paul Jacobson buys stock” by Ed Lin discusses Jacobson’s reliance on General Motors Co. GM although the automaker failed to sustain the rally after strong fourth-quarter earnings.
See also: Nvidia is poised to join the $1 trillion club thanks to the AI revolution
In “RingCentral and 8×8 stocks are booming. An activist announces major operations“Eric J. Savitz examines the recent impact on the shares of cloud-based communications company RingCentral Inc. by Sylebra Capital, a Hong Kong-based activist investment firm RING and 8×8 EGHT.
In “Paramount stock rises as Shari Redstone’s National Amusements receives fresh investment“, explains Connor Smith, like a $125 million investment in Paramount’s PARA The majority shareholder will support National Amusements’ stewardship of Paramount Global.
“Snowflake stock downgrades again on continued growth concernsvon Savitz highlights the challenges facing cloud company Snowflake SNOW Faces – including competition from Microsoft MSFT and software company Databricks — after it cut guidance for fiscal January 2024 for the third straight quarter.
Continue reading: Here’s how much $1,000 invested in JPMorgan when Jamie Dimon became CEO would be worth now
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