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In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
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Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
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Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
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Reporter Name | Brown Hayden |
Relationship | President & CEO |
Type | Sell |
Amount | $299,997 |
SEC Filing | Form 4 |
Upwork's President & CEO, Hayden Brown, sold a total of 29,444 shares of common stock on September 16 and 18, 2024, for a total sale amount of $299,997. The sales were conducted at weighted average prices of $10.0082 and $10.5711 per share, respectively. Following these transactions, Brown directly owns 1,178,850 shares of Upwork.
SEC Filing: UPWORK, INC [ UPWK ] - Form 4 - Sep. 18, 2024
Upwork Inc UPWK.O:
UPWORK CONFIRMS RECEIPT AND COMMENTS ON SHAREHOLDER LETTER
UPWORK INC - MET WITH ENGINE CAPITAL ON MULTIPLE OCCASIONS OVER COURSE OF OUR REGULAR SHAREHOLDER ENGAGEMENT AND APPRECIATES THEIR PERSPECTIVES
Source text for Eikon: (Full Story)
Further company coverage: UPWK.O
Tech stocks were higher late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 2%.
The Philadelphia Semiconductor index advanced 1.6%.
In corporate news, the European Commission is weighing whether to require Alphabet's Google to end its anti-competitive practices in its ad tech business but is unlikely to order a breakup as previously cautioned, Reuters reported Friday. Alphabet shares rose 2%.
Nvidia received the US government's nod earlier this year to sell advanced chips to United Arab Emirates-based artificial intelligence firm G42, Semafor reported Friday. Nvidia shares were easing 0.2%.
Adobe shares tumbled over 8% after the company's Q4 revenue outlook missed market expectations. After the results late Thursday, Fubon downgraded Adobe to neutral with a price target of $610, and Citigroup, Bernstein, Melius and UBS cut their prices targets on the stock.
Upwork investor Engine Capital on Friday urged the company to refresh its board and proposed other measures to boost shareholder value. Upwork shares jumped past 9%.
Tech stocks rose Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.
The Philadelphia Semiconductor index advanced 1.7%.
In corporate news, Adobe shares slumped nearly 9% after the company's Q4 revenue outlook missed market expectations. After the results late Thursday, Fubon downgraded Adobe to neutral with a price target of $610, and Citigroup, Bernstein, Melius and UBS cut their prices targets on the stock.
Upwork investor Engine Capital on Friday urged the company to refresh its board and proposed other measures to boost shareholder value. Upwork shares jumped 8.5%.
IBEX shares surged 17%, a day after the company reported its fiscal Q4 results.
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