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Fox Reported Q4-20 Earnings
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The float short of Fox Corp (NYSE:FOX) is 0.61%. Fox stock looks bullish. On August 4, the company had reported its fiscal Q4 financial results for the period ending June 30, 2020. Fox's quarterly revenues came in at $2.42 billion in Q4-20, indicating a 4% decrease from the same time period a year before.
The net income during quarter dropped to $145 million in the reported quarter, as against $465 million in Q4-19. The decline is attributed to restructuring charges and higher impairment.
Adjusted EBITDA for Q4-2020 came in at $742 million, reflecting 5% increase from $709 million in Q4-2019.
Full year revenue of company came in at $12.30 billion, indicating 8% rise from revenues in previous year's quarter at $11.39 billion.
Eli Lilly And Co Starts Phase 3 Trial Of Lead COVID-19 Antibody Candidate
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Eli Lilly And Co (NYSE:LLY) has a float short of 0.66% and is reflecting bullish trend. The company, on August 4, announced that LY-CoV555, its lead COVID-19 antibody candidate has started off with phase 3 trials. These trials are aimed at studying whether this experimental antibody treatment can lead to prevention of virus infection or not.
Eli Lily has created LY-CoV555 alongside AbCellera, the Canadian biotech. This is a neutralizing antibody which is tested as an effective treatment against SARS-CoV-2.
There have been over 40% coronavirus deaths in the country, which calls for immediate need for preventive therapies against COVID-19.
Chubb Buys Additional 7.1% Stake Of Huatai Group
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Chubb Ltd (NYSE:CB) is indicating bullish signals with a float short of 0.70%. The company, on August 5 announced management changes to Asia's Life and General Insurance Operations. The company announced that it agreed on buying additional 7.1% of Huatai Group, apart from previously owned 46.2%. This gives Chubb, a considerable amount of ownership in Huatai Group.
Additionally, there have been some leadership changes in Huatai Insurance Group, where Cunqiang Li is taking over as Chief Strategy Officer and Executive Deputy General Manager. Meanwhile, Chubb's Chairman and CEO, Evan G. Greenberg said that by increasing stake in Huatai, Chubb has got an opportunity for creating crucial Chinese insurance company.
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The post Three US Stocks With Bullish Float Short Signals: $FOX $LLY $CB appeared first on The Market Signals.
COMTEX_368974659/2700/2020-08-06T08:54:43
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