에 대한 최신 뉴스 LATAM Airlines Group (NYSE:LTM) 주식

LATAM Airlines Group

LATAM Airlines Group S.A.

LATAM Airlines Group SA operates as a passenger airline group. The company and its affiliates provide domestic services in Brazil, Chile, Peru, Colombia, and Ecuador, as well as regional flights and long-haul operations. LATAM group carries out cargo operations using both belly space on passenger flights and dedicated freighter aircraft. In addition, it also offers complementary services, such as ground handling, courier, logistics, and maintenance. Geographically, the group generates maximum revenue from Brazil, followed by Chile, the United States of America, Peru, Europe, Colombia, Ecuador, Asia Pacific, and the rest of Latin America.

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스피릿 항공(NYSE:SAVE)이 파산 신청을 고려 중이라는 소식이 퍼지자, 비판자들은 소셜 미디어를 통해 바이든 행정부를 비난했다. 그 이유는 무엇일까? 올해 1월, 미국 반독점 규제 당국이 제트블루 항공(NASDAQ:JBLU)의 38억 달러에 스피릿 인수를 차단한 사건을 기억해 보자. 실제로 지난 4년 동안, 규제 당국은 경쟁을 저해한다고 판단되는 인수합병 활동을 종종 저지해왔다. 예를 들어 크로거(NYSE:KR)와 앨버트슨(NYSE:ACI)의 250억 달러 규모 합병과 같은 사례가 있다.

스피릿 항공 파산 소문, 비난의 대상은 바이든: 항공사 합병에 대한 과거 사례

LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock)

LATAM Airlines Group SA

LATAM Airlines Group SA ADR

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Lottomatica Group SpA

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Buybacks

Latam Airlines' Board Will Weigh Up To $150M Share Buyback Program

Asset Sales

LATAM Purchases 10 787 Dreamliners With Options For Five More Planes

Ratings for LATAM Airlines Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $37.0, along with a high estimate of $40.00 and a low estimate of $34.00. Observing a 8.82% increase, the current average has risen from the previous average price target of $34.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1729695655_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive LATAM Airlines Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Pablo Monsivais</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Jens Spiess</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Linenberg</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$36.00</td>
<td>-</td>
</tr>
<tr>
<td>Pablo Monsivais</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$34.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to LATAM Airlines Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of LATAM Airlines Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of LATAM Airlines Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into LATAM Airlines Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LTM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on LATAM Airlines Group analyst ratings.</a>
<h2>Get to Know LATAM Airlines Group Better</h2>
LATAM Airlines Group SA operates as a passenger airline group. Geographically, the company operates in Brazil, Chile, Colombia, Ecuador, and Peru, along with international operations within Latin America and to Europe, the US, and the Caribbean. The firm generates its revenue from transporting passengers and cargo.
<h3>A Deep Dive into LATAM Airlines Group's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: LATAM Airlines Group's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 13.31%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.88%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): LATAM Airlines Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 25.59%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): LATAM Airlines Group's ROA stands out, surpassing industry averages. With an impressive ROA of 0.98%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: LATAM Airlines Group's debt-to-equity ratio stands notably higher than the industry average, reaching 13.39. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Decoding 4 Analyst Evaluations For LATAM Airlines Group

In the last three months, 4 analysts have published ratings on LATAM Airlines Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $37.0, with a high estimate of $40.00 and a low estimate of $34.00. Surpassing the previous average price target of $34.00, the current average has increased by 8.82%.
<img src="https://www.benzinga.com/files/images/story/2024/1729688428_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of LATAM Airlines Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Pablo Monsivais</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Jens Spiess</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Linenberg</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$36.00</td>
<td>-</td>
</tr>
<tr>
<td>Pablo Monsivais</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$34.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to LATAM Airlines Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of LATAM Airlines Group compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of LATAM Airlines Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of LATAM Airlines Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LTM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on LATAM Airlines Group analyst ratings.</a>
<h2>All You Need to Know About LATAM Airlines Group</h2>
LATAM Airlines Group SA operates as a passenger airline group. Geographically, the company operates in Brazil, Chile, Colombia, Ecuador, and Peru, along with international operations within Latin America and to Europe, the US, and the Caribbean. The firm generates its revenue from transporting passengers and cargo.
<h3>Breaking Down LATAM Airlines Group's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: LATAM Airlines Group's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.31%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: LATAM Airlines Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.88% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): LATAM Airlines Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 25.59%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): LATAM Airlines Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.98% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: LATAM Airlines Group's debt-to-equity ratio surpasses industry norms, standing at 13.39. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LATAM Airlines Group Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

Barclays analyst Pablo Monsivais maintains LATAM Airlines Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) with a Overweight and raises the price target from $34 to $38.

Price Target

Barclays Maintains Overweight on LATAM Airlines Group, Raises Price Target to $38

When word got around that Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) was <a href="https://www.benzinga.com//node/41182466">considering a bankruptcy</a> filing, critics quickly took to social media to blame the Biden administration. 
Why? Recall how, in January, U.S. <a href="https://www.benzinga.com/news/24/01/36648448/jetblue-spirit-airlines-merger-blocked-spirit-shares-tumble">antitrust regulators successfully blocked</a> JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) from buying Spirit for $3.8 billion. Indeed, over the past four years, regulators <a href="https://www.benzinga.com/government/24/09/40693260/kroger-albertsons-merger-in-ftc-crosshairs-customers-competitors-at-risk">often hold up</a> M&amp;A activity they consider anti-competitive, such as <a href="https://www.benzinga.com/news/large-cap/22/10/29266605/kroger-albertsons-finally-seal-the-rumored-merger-deal-see-highlights">the $25 billion merger</a> between Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) and Alberstons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>).
The JetBlue/Spirit scenario was no different. Fast-forward to this week: The <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae">Wall Street Journal</a> reported Spirit is in talks with bondholders and creditors to see if a Chapter 11 bankruptcy is the best option for the troubled carrier.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Biden and Harris torched the merger. Now many will be without a job.
&mdash; Ottoman (@raddadcomments) <a href="https://twitter.com/raddadcomments/status/1841958271655280659?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The JetBlue deal would have saved jobs and the airline, observers argued. It&#8217;s worth noting Spirit&#8217;s problems stem from having to ground several Airbus planes due to turbofan engine problems.
Bank of America Securities analysts noted in January that Spirit&#8217;s ongoing engine repairs hurt &#8220;the traditional ultra-low cost business model.&#8221;
Dania Beach, Florida-based Spirit also attributed its financial struggles to an &#8220;intense competitive battle&#8221; for price-sensitive leisure travelers, as well as an oversupply of airline seats in the domestic market.
&#8220;You can think [sic] Biden and his FTC crew for this. Way to go Joe!&#8221; a social media user posted.
Precedent shows that a deal with JetBlue wouldn&#8217;t have been a safety net for Spirit as most major airline mergers lead to job losses, regardless of whether the target is a distressed asset.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report">Spirit Airlines Engages In Bankruptcy Talks Amid Financial Struggles</a>
The scale and impact can vary depending on several factors such as the size of the merger. Here are a few examples of job losses from major mergers:
<ul>
<li>American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and US Airways: After the 2013 merger, there were several thousand job losses. Estimates ranged from 1,500 to 3,000 positions cut. </li>
<li>United Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Continental Airlines: The 2010 merger resulted in the elimination of roughly 1,500 to 2,000 job losses. These cuts were primarily due to redundant corporate and administrative positions. </li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and Northwest Airlines: While the 2008 merger helped the combined airline grow, but also led to an estimated 2,000 to 3,000 job losses.</li>
</ul>
Airline mergers often lead to route and capacity optimization, reducing staffing needs in less profitable areas. Cost synergies, like lowering fuel and labor costs, can prompt additional cuts as well. Fleet consolidation may phase out older aircraft, affecting technical staff.
Union agreements and labor contracts might also lead to layoffs as the merged airline harmonizes pay and benefits across the workforce.
While not all mergers result in severe job losses, neither do bankruptcies. Jobs can sometimes be saved when a company files for Chapter 11, since the process allows a company to reorganize its debts and operations while continuing to operate, giving it a chance to become financially viable. 
During this process, the company may restructure contracts, renegotiate with creditors and streamline operations, which can help preserve jobs that would otherwise be lost in a complete liquidation. While layoffs may occur, Chapter 11 provides more opportunities for the business to recover and protect a portion of its workforce.
Spirit&#8217;s debt load hovers around $3.3 billion, per the Wall Street Journal.
Recent airline bankruptcies include Virgin America and Monarch Airlines, both in 2017; WOW Air in 2019; and LATAM Airlines Group SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) in 2020. LATAM emerged from bankruptcy in 2022 stronger and is now larger and leaner, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41123208/latam-airlines-earnings-will-remain-higher-for-longer-says-bullish-analyst">according to Morgan Stanley analysts</a>.
What&#8217;s Next: It remains to be seen whether Spirit will follow through with bankruptcy. At last check Friday, Spirit stock is trading 26.28% lower at $1.66, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
The stock has lost more than 85% of its value in 2024. 
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41124443/whats-going-on-with-delta-united-and-spirit-airlines-shares-tuesday">What's Going On With Delta, United and Spirit Airlines Shares Tuesday?</a></li>
</ul>
Photo: Shutterstock

Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here's What History Shows About Carrier Mergers

LATAM Airlines Group SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) <a href="https://www.benzinga.com/quote/LTM">shares were declining in early trading on Tuesday</a>.
The company has emerged from bankruptcy stronger and is now larger and leaner, according to Morgan Stanley.
Analyst Jens Spiess initiated coverage of LATAM Airlines Danaher with an Overweight rating and price target of $40.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The LATAM Airlines Thesis: The company's profitability has climbed above the pre-COVID-19 pandemic levels, while that of its U.S. legacy peers have not, and its stock valuation has not recovered, Spiess said in the initiation note.
LATAM Airlines' shares are down 55% since the pre-pandemic levels and "offer growth at an attractive price," the analyst stated. "LTM&#8217;s valuation implies that earnings are not sustainable, yet we think they will remain higher for longer," Spiess added.
"We see LTM&#8217;s exposure to under-penetrated markets supporting above average passenger growth over next five years (+5% RPK CAGR)," Spiess further wrote, while naming the company as a top pick.
LTM Price Action: Shares of LATAM Airlines had declined by 0.80% to $26.20 at the time of publication on Tuesday.
Read More: • <a href="https://www.benzinga.com/markets/equities/24/08/40483291/boeings-777x-faces-yet-another-setback-structural-cracks-reportedly-force-grounding-of-test-flee">Boeing&#8217;s 777X Faces Yet Another Setback: Structural Cracks Reportedly Force Grounding Of Test Fleet</a>
Photo: Miguel Lagoa via Shutterstock

Analyst Color

Latin America

Initiation

Global

Trading Ideas

LATAM Airlines' Earnings Will Remain 'Higher For Longer,' Says Bullish Analyst

Morgan Stanley analyst Jens Spiess initiates coverage on LATAM Airlines Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) with a Overweight rating and announces Price Target of $40.

Morgan Stanley Initiates Coverage On LATAM Airlines Group with Overweight Rating, Announces Price Target of $40

The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading marginally higher premarket Wednesday. The company reportedly discovered structural cracks in its 777X jetliner during initial test flights, adding to the delays of the long-awaited aircraft.
Boeing identified a failed thrust link—a component linking the engine to the plane—during maintenance, with cracks found on two other aircraft, the <a target="_blank" href="https://www.wsj.com/finance/stocks/texas-instruments-tries-to-ease-its-capital-pain-a382ea1e?mod=business_lead_story" rel="noreferrer noopener">WSJ</a> reported on Tuesday.
According to the report, the company plans to ground its four-plane test fleet to replace the faulty component and investigate the issue. Boeing has notified federal regulators and customers.
The 777X, aimed at connecting major cities and accommodating around 400 passengers, was first unveiled in 2013 with an initial delivery target of 2020.
Boeing has orders for about 500 of the new aircraft, with deliveries starting in 2025. The report noted that it is unclear what impact the issue could have on the launch date.&nbsp;
This new setback may push the launch to 2026 and impact investor confidence, according to RBC analyst Ken Herbert, which the report highlighted.
Boeing has been in the pickle for several months due to FAA inspections, halted test flights<a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/24/08/40465768/boeing-stock-is-flying-low-but-are-technical-indicators-ready-for-takeoff" rel="noreferrer noopener">, and regulatory headwinds</a>.
Yesterday, the U.S. Federal Aviation Administration (FAA) reportedly disclosed that inspections of Boeing 787 Dreamliners will be required following a March incident in which LATAM Airlines plane experienced a sudden <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40457301/whats-going-on-with-boeing-stock-premarket-tuesday" rel="noreferrer noopener">mid-air dive, injuring over 50 passengers</a>.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245022/ntsb-calls-out-boeing-for-safety-lapses-faa-steps-up-scrutiny" rel="noreferrer noopener">NTSB Calls Out Boeing For Safety Lapses: FAA Steps Up Scrutiny</a>
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are up 0.12% at $172.30 premarket at the last check Wednesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40427830/ula-owners-in-talks-to-sell-spacex-rival-to-sierra-space-report" target="_blank" rel="noreferrer noopener">ULA Owners In Talks To Sell SpaceX Rival To Sierra Space: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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iShares Dow Jones US Aerospace & Defense Index Fund

Boeing's 777X Faces Yet Another Setback: Structural Cracks Reportedly Force Grounding Of Test Fleet

Deutsche Bank analyst Michael Linenberg initiates coverage on LATAM Airlines Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) with a Buy rating and announces Price Target of $36.

Deutsche Bank Initiates Coverage On LATAM Airlines Group with Buy Rating, Announces Price Target of $36

Barclays analyst Pablo Monsivais initiates coverage on LATAM Airlines Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) with a Overweight rating and announces Price Target of $34.

Barclays Initiates Coverage On LATAM Airlines Group with Overweight Rating, Announces Price Target of $34

Boeing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower premarket Tuesday. The U.S. Federal Aviation Administration (FAA) reportedly disclosed that inspections of Boeing 787 Dreamliners will be required.
This decision follows a March incident in which a LATAM Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) plane experienced a sudden mid-air dive, injuring over 50 passengers, reported Reuters.
The FAA stated that the likely cause of the dive was the uncommanded movement of the captain&#8217;s seat, which led to the autopilot&#8217;s disconnection.
The agency has received five reports of similar issues with the captain and first officer seats on 787s, with two incidents still under investigation. The FAA&#8217;s airworthiness directive affects 158 U.S.-registered and 737 airplanes globally.
The directive mandates that airlines inspect the captain&#8217;s and first officer&#8217;s seats on 787-7, 787-9, and 787-10 models within 30 days for missing or cracked rocker switch caps or cracked switch cover assemblies, per the report.
The FAA warned that uncommanded horizontal movement of an occupied seat could lead to a rapid descent of the airplane, posing a serious risk of injury to passengers and crew.
Separately, Boeing announced it had halted test flights on its 777-9 awaiting certification after identifying a component between the engine and airplane structure that failed during a maintenance check.
The report further added that the FAA confirmed that Boeing had discovered the damaged component after a 777-9 flight test last week.
This month, the head of the National Transportation Safety Board (NTSB) stated that the mid-air emergency involving&nbsp;Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) Boeing 737 MAX 9 was entirely avoidable, as Boeing should have addressed <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245022/ntsb-calls-out-boeing-for-safety-lapses-faa-steps-up-scrutiny" rel="noreferrer noopener">unauthorized production work earlier</a>.
Also, Boeing announced plans to make design alterations aimed at preventing future<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40212583/boeing-says-it-has-a-design-change-that-will-prevent-plane-doors-from-flying-out-mid-air-like-wh" rel="noreferrer noopener"> mid-air cabin panel blowouts</a>.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 0.97% at $177.89 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images On Shutterstock.com
Read Next:
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</ul>

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What's Going On With Boeing Stock Premarket Tuesday?

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Embraer-Empresa Brasileira De Aeronautica

Embraer CEO Says Ongoing Sales Campaigns For E-Jets Still At Around 200 Jets, Potentially More; In Talks With U.S. Airlines To Introduce E2 Jets There, Optimistic About Prospects; In Ongoing Talks For Potential Sales In South America, Those Include Gol, LATAM Airlines

Lockheed Martin CEO Says Conducting Internal Review To Identify Internal Synergies

A New York district court overseeing the bankruptcy of LATAM Airlines Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ltmaq#OTC">LTMAQ</a>) approved a financing proposal to allow the Chilean carrier to access $2.45 billion for countering the impact of the coronavirus pandemic.

Judge James Garrity Jr. of the U.S. District Court for the Southern District of New York approved LATAM's modified debtor-in-possession (DIP) financing proposal Friday.

LATAM CEO Roberto Alvo called the DIP's approval "a very important step for the sustainability of the group."

LATAM <a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">filed for bankruptcy protection</a> in the U.S. in May to downsize the airline and restructure its debt, citing the financial toll of the coronavirus pandemic on its international passengers. 

Qatar Airways and LATAM Chairman Ignacio Cueto, two of the Santiago-based company's largest shareholders, are providing $900 million in DIP financing.

LATAM has continued to operate passenger and cargo services during the bankruptcy process. Passenger operations are limited during the travel downturn induced by the coronavirus.

In mid-August, LATAM Cargo started<a href="https://www.freightwaves.com/news/latam-kicks-off-miami-brazil-cargo-flight"> a weekly flight between Miami and the Florianopolis airport in southern Brazil</a>. The Boeing 767 freighter transports automotive parts, metals, food, pharmaceuticals and electronics to consumers in the Santa Catarina province.

Related News

<a href="https://www.freightwaves.com/news/latam-kicks-off-miami-brazil-cargo-flight">LATAM kicks off Miami-Brazil cargo flight</a>

<a href="https://www.freightwaves.com/news/latam-lands-brazils-last-covid-19-emergency-air-bridge-flight">LATAM lands Brazil's last COVID-19 emergency air bridge flight</a>

<a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">LATAM Airlines files for bankruptcy protection</a>

<a href="https://www.freightwaves.com/news/author/cgillis">Click for more FreightWaves/American Shipper articles by Chris Gillis</a>.

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Bankrupt LATAM Gets Financial Lifeline

<a href="https://www.latamcargo.com/">LATAM Cargo</a>, South America's largest freighter operator, has started a weekly flight between Miami and the Florianopolis airport in southern Brazil.

The airline said it has the only all-cargo flight tying North America with consumers in Santa Catarina that seek automotive parts, metals, food, pharmaceuticals and electronic products. 

LATAM said cargo from Europe and Asia will also be included on the Miami outbound flight, which is serviced with a Boeing 767 freighter.

Previously, cargo destined to Santa Catarina arrived at Brazil's Guarulhos and Viracopos airports and was trucked to the province. 

With the addition of Florianopolis, the airline now lands at 10 Brazilian airports with cargo-only service.

Cargo has been a bright spot for LATAM. It has been busy flying medical supplies for governments and humanitarian groups, as well as important staples and other commodities for communities in Latin America. 

In May <a href="https://www.latam.com/en_us/">LATAM Airlines Group</a> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ltm#NYSE">LTM</a>) <a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">filed for bankruptcy protection</a> in the U.S. to downsize the airline and restructure its debt, citing the financial toll of the coronavirus pandemic on its international passengers.  

Qatar Airways and LATAM chairman Ignacio Cueto, two of the Santiago, Chile-based company's largest shareholders, will provide $900 million in debtor-in-possession financing.

Related news

<a href="https://www.freightwaves.com/news/latam-lands-brazils-last-covid-19-emergency-air-bridge-flight">LATAM lands Brazil's last COVID-19 emergency air bridge flight</a>

<a href="https://www.freightwaves.com/news/latam-airlines-shuts-argentine-subsidiary-international-cargo-unaffected">LATAM Airlines shuts Argentine subsidiary, international cargo unaffected</a>

<a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">LATAM Airlines files for bankruptcy protection</a>

<a href="https://www.freightwaves.com/news/author/cgillis">Click for more FreightWaves/American Shipper articles by Chris Gillis</a>.

Photo by <a href="https://unsplash.com/@saddy143?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Nafis Al Sadnan</a> on <a href="https://unsplash.com/s/photos/cargo-plane?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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LATAM Kicks Off Miami-Brazil Cargo Flight

<img alt="LATAM Airlines cargo airlift" src="https://s29755.pcdn.co/wp-content/uploads/2020/07/LATAM_Cargo_Brazil_Airlift_1.jpg" />

<a href="https://www.latam.com/en_us/">LATAM Airlines Group</a> (Pink: <a class="ticker" href="https://www.benzinga.com/stock/ltmaq#Pink">LTMAQ</a>) said this week it has landed its last flight of a three-month "air bridge" between China and Brazil to transport much needed protective face masks to fight the coronavirus pandemic in the South American country.

The Chilean carrier flew 39 flights from China transporting 240 million N95 surgical masks under contract with Brazil's Ministry of Infrastructure. The project marked the first time LATAM Group aircraft have operated in China.

The airline started the air bridge in partnership with Brazil's Ministry of Infrastructure with the first Boeing 777 passenger-to-cargo-only flight on May 6. According to LATAM, these flights were its first ever to China. 

The LATAM air bridge consisted of five Boeing 777s used for 39 flights. 

LATAM used five Boeing 777-300 Extended Range passenger planes for the mission, taking advantage of the seats, floor space between seats and overhead bins to carry additional boxes and increase carrying capacity. 

The flights originated in Shanghai, Guangzhou and Xiamen, arriving at  São Paulo-Guarulhos International Airport for delivery to hospitals across the country.

The airplanes collectively transported 1,200 tons or 146,661 boxes of N95 surgical masks from Chinese suppliers in Shanghai, Guangzhou and Xiamen to São Paulo-Guarulhos International Airport, from which Brazil's Ministry of Health distributed them to hospitals across the country.

"We implemented all our logistics expertise to combat this pandemic and reinvent our operations in a very short time," said Diogo Elias, LATAM Cargo's Brazil director, in a statement.

LATAM assigned more than 300 personnel to the air bridge operation.

The final air bridge flight landed at São Paulo-Guarulhos on Sunday, July 19.

The end of Brazil's air bridge follows similar airline-government partnerships to transport COVID-19-fighting medical supplies from China. 

<a href="https://www.freightwaves.com/news/russian-airline-completes-massive-airlift-of-medical-supplies-for-france">The French government ended its air bridge with Russian airline Volga-Dnepr earlier this month</a>, while the <a href="https://www.freightwaves.com/news/fema-winds-down-project-airbridge">U.S. government's Federal Emergency Management Agency finalized a similar operation with various American airlines in June</a>.

While the Brazil air bridge is a bright spot for LATAM, the Santiago, Chile-based airline has been financially battered by widespread government travel restrictions. In May, <a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">LATAM filed for bankruptcy protection in the U.S.</a> to downsize the airline and restructure its debt.  

Qatar Airways and LATAM chairman Ignacio Cueto, two of the company's largest shareholders, will provide $900 million in debtor-in-possession financing. FreightWaves reported the capital injection will help LATAM, which has $1.3 billion in liquid reserves, pay service vendors, and put the two shareholders at the head of the line to claim assets if the airline must liquidate.

In related news, Emirates SkyCargo said it has operated more than 10,000 cargo flights since the start of the COVID pandemic, using a mix of freighters and passenger aircraft as freighters. The airline has modified 10 777-300ER aircraft by removing Economy Class seats to allow for floor cargo in the cabin. 

Emirates said it operated 500 flights in May and June with cabin cargo, including in the seats and carry-on compartments.

Related news

<a href="https://www.freightwaves.com/news/latam-airlines-shuts-argentine-subsidiary-international-cargo-unaffected">LATAM Airlines shuts Argentine subsidiary, international cargo unaffected</a>

<a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">LATAM Airlines files for bankruptcy protection</a>

<a href="https://www.freightwaves.com/news/delta-latam-lay-groundwork-to-implement-joint-venture">Delta, LATAM lay groundwork to implement joint venture</a>

<a href="https://www.freightwaves.com/news/author/cgillis">Click for more FreightWaves/American Shipper articles by Chris Gillis</a>.

LATAM Lands Brazil's Last COVID-19 Emergency Air Bridge Flight

LATAM Airlines Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ltm#NYSE">LTM</a>) said Wednesday it is closing its Argentina subsidiary for an indefinite period because of difficult economic conditions, but that international flights and cargo operations in the country will continue as normal with other carriers in the group.

The largest airline in Latin America, based in Santiago, Chile, <a href="https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection">filed for court-supervised bankruptcy protection in the U.S. last month</a>, but its Argentina subsidiary was not included in the process and is the only subsidiary to close. 

LATAM said the decision to shutter the Argentine airline was made because the COVID-19 pandemic has wiped out most of its business and it was unable to reduce its cash drain, an apparent reference to the Argentine government's strict travel ban, which forbids non-nationals from entering the country.

Whether the company will eventually try to restart is an open question. 

The shutdown only affects domestic routes in Argentina. LATAM Cargo will continue operating between four cities in Argentina and the U.S., Brazil, Chile and Peru using its freighter fleet, repurposed passenger planes for cargo and the lower hold of passenger aircraft operated by other airlines in the group.

LATAM Airlines Argentina was a conveyor for moving imports and exports between international gateways and local markets.

Airlines worldwide are struggling to cope with the economic fallout from the coronavirus, but governments in South and Central America have not provided much financial support

Colombian flag-carrier <a href="https://www.freightwaves.com/news/avianca-receives-preliminary-okay-for-chapter-11-bankruptcy">Avianca also filed for Chapter 11 bankruptcy</a> last month in an effort to restructure.

<h3>Pharmaceutical Products</h3>

In related news, LATAM Cargo said it has extended its PHARMA product to more of its network to provide customers alternatives as demand grows to move pharmaceutical products from Europe to Latin America.

During the past three months, the company has added transit stations in Miami; Santiago, Chile; Buenos Aires, Argentina; and a second entry point in Sao Paulo, Brazil that offer routes to Puerto Rico, New Zealand, Ecuador and Paraguay.

PHARMA offers specialized transportation for temperature-sensitive medicines and biologics, including temperature-controlled aircraft and warehouse, thermal blankets to minimize temperature fluctuation, and segregation from general cargo at origin and destination. LATAM offers both active temperature monitoring and adjustments, or passive temperature controls.

Photo: Flickr/Christian Juker Photography

Biotech

LATAM Airlines Shuts Argentine Subsidiary, International Cargo Unaffected

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<li>Extraction Oil &amp; Gas, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xog#NASDAQ">XOG</a>) shares climbed 247.9% to close at $1.48 on Monday following a 53% gain on Friday. The OPEC+ agreed to extend production cuts into July.</li>
<li>Chesapeake Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chk#NYSE">CHK</a>) jumped 181.9% to close at $69.92 after surging over 76% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>Noble Corporation plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ne#NYSE">NE</a>) shares jumped 161.4% to close at $0.7320 after jumping 75% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>Valaris plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/val#NYSE">VAL</a>) rose 135.4% to close at $2.19 after climbing over 162% on Friday.</li>
<li>Hertz Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/htz#NYSE">HTZ</a>) jumped 115.2% to close at $5.53. The stock has experienced an increase in volatility after it filed for Chapter 11 bankruptcy.</li>
<li>AG Mortgage Investment Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitt#NASDAQ">MITT</a>) gained 110.3% to close at $7.57 after jumping 31% on Friday.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) jumped 103.7% to close at $73.27 after climbing over 6% on Friday.</li>
<li>Digital Ally, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dgly#NASDAQ">DGLY</a>) shares climbed 96.9% to close at $5.00 after the company closing its underwritten public offering of 3,090,909 shares at $1.65 per share. Digital Ally shares climbed around 23% on Friday after it was reported Kansas City Police Department has purchased $2.5 million in body cameras.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) shares climbed 90.5% to close at $2.41 after surging 12% on Friday.</li>
<li>Callon Petroleum Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpe#NYSE">CPE</a>) gained 81.9% to close at $2.51 after climbing 68% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>RTW Retailwinds, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtw#NYSE">RTW</a>) gained 74.4% to close at $0.41 after gaining 10% on Friday.</li>
<li>Global Eagle Entertainment Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ent#NASDAQ">ENT</a>) rose 71.5% to close at $9.86.</li>
<li>Invesco Mortgage Capital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivr#NYSE">IVR</a>) climbed 63.1% to close at $6.90 after rising 18% on Friday.</li>
<li>The Michaels Companies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mik#NASDAQ">MIK</a>) gained 58.6% to close at $8.74. JP Morgan upgraded Michaels Companies from Neutral to Overweight.</li>
<li>Tellurian Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tell#NASDAQ">TELL</a>) surged 55.2% to close at $1.87 after jumping over 20% on Friday.</li>
<li>Exantas Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xan#NASDAQ">XAN</a>) gained 54.6% to close at $4.42.</li>
<li>Camber Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cei#NYSE">CEI</a>) surged 54.3% to close at $2.53 after surging over 20% on Friday.</li>
<li>Fossil Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fosl#NASDAQ">FOSL</a>) gained 54.2% to close at $8.10 on continued upward momentum surrounding the economy reopening, which would increase consumer spending and economic activity. New York City moved into phase one of its reopening plan on Monday.</li>
<li>Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) climbed 50% to close at $3.75 after OPEC+ agreed to extend production cuts into July.</li>
<li>Enochian Biosciences Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enob#NASDAQ">ENOB</a>) shares gained 47.1% to close at $6.06 after the company announced the completion of an FDA INTERACT meeting for a potential cure for HIV.</li>
<li>Hallmark Financial Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hall#NASDAQ">HALL</a>) jumped 47% to close at $5.97.</li>
<li>Nine Energy Service, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nine#NASDAQ">NINE</a>) climbed 45.8% to close at $3.82.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) gained 45.6% to close at $3.45.</li>
<li>SEACOR Marine Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smhi#NYSE">SMHI</a>) gained 44.7% to close at $4.79 after surging 35% on Friday.</li>
<li>Battalion Oil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/batl#NYSE">BATL</a>) rose 44.6% to close at $9.54.</li>
<li>Centennial Resource Development, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdev#NASDAQ">CDEV</a>) climbed 44.3% to close at $2.15 following a 30% gain on Friday.</li>
<li>CBAK Energy Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbat#NASDAQ">CBAT</a>) shares jumped 44% to close at $0.8199.</li>
<li>ZAGG Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zagg#NASDAQ">ZAGG</a>) gained 41.6% to close at $4.49.</li>
<li>Pyxus International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pyx#NYSE">PYX</a>) surged 41.4% to close at $5.09.</li>
<li>QEP Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qep#NYSE">QEP</a>) gained 40.5% to close at $2.50 after surging around 65% on Friday.</li>
<li>FTS International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftsi#NYSE">FTSI</a>) climbed 39.5% to close at $13.22 after climbing 28.5% on Friday.</li>
<li>CorEnergy Infrastructure Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/corr#NYSE">CORR</a>) gained 38.7% to close at $16.81.</li>
<li>Sundance Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snde#NASDAQ">SNDE</a>) shares gained 38.1% to close at $4.60 after climbing 21% on Friday.</li>
<li>LATAM Airlines Group S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ltm#NYSE">LTM</a>) shares jumped 37.9% to close at $2.91 after gaining around 9% on Friday.</li>
<li>VOC Energy Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/voc#NYSE">VOC</a>) shares rose 37.3% to close at $2.80.</li>
<li>Mexco Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mxc#NYSE">MXC</a>) shares gained 36.9% to close at $4.53.</li>
<li>Seritage Growth Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/srg#NYSE">SRG</a>) gained 36.9% to close at $21.24.</li>
<li>HF Foods Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hffg#NASDAQ">HFFG</a>) gained 36.4% to close at $10.23.</li>
<li>Laredo Petroleum, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lpi#NYSE">LPI</a>) shares rose 35.9% to close at $28.74.</li>
<li>Azul, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azul#NYSE">AZUL</a>) climbed 35.2% to close at $17.30.</li>
<li>California Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crc#NYSE">CRC</a>) gained 34.3% to close at $2.70 after gaining 34% on Friday.</li>
<li>Ayro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ayro#NASDAQ">AYRO</a>) gained 33.8% to close at $3.52.</li>
<li>Mmtec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) rose 32.5% to close at $5.95.</li>
<li>USD Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usdp#NYSE">USDP</a>) rose 32.4% to close at $4.78.</li>
<li>Ideanomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idex#NASDAQ">IDEX</a>) rose 31.9% to close at $0.62.</li>
<li>NextDecade Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/next#NASDAQ">NEXT</a>) shares rose 31.4% to close at $2.68.</li>
<li>TCR2 Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrr#NASDAQ">TCRR</a>) gained 31.2% to close at $16.85.</li>
<li>Gol Linhas Aereas Inteligentes S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gol#NYSE">GOL</a>) rose 30.4% to close at $9.86.</li>
<li>VirTra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtsi#NASDAQ">VTSI</a>) shares rose 30.4% to close at $3.99.</li>
<li>Alliance Resource Partners, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arlp#NASDAQ">ARLP</a>) gained 30% to close at $4.90.</li>
<li>ION Geophysical Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/io#NYSE">IO</a>) jumped 29.4% to close at $3.83.</li>
<li>Nabors Industries Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nbr#NYSE">NBR</a>) shares rose 28.3% to close at $84.16.</li>
<li>LMP Automotive Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lmpx#NASDAQ">LMPX</a>) gained 27.8% to close at $12.87.</li>
<li>Sotherly Hotels Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soho#NASDAQ">SOHO</a>) shares rose 27.7% to close at $4.43.</li>
<li>AeroCentury Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acy#NYSE">ACY</a>) shares surged 27.6% to close at $3.10.</li>
<li>Drive Shack Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ds#NYSE">DS</a>) rose 27.3% to close at $3.03.</li>
<li>Mid-Con Energy Partners, LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcep#NASDAQ">MCEP</a>) gained 27% to close at $3.76.</li>
<li>SM Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>) shares rose 26.2% to close at $6.93.</li>
<li>Community Health Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cyh#NYSE">CYH</a>) shares gained 25.7% to close at $4.11.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) rose 24.4% to close at $2.55.</li>
<li>Target Hospitality Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/th#NASDAQ">TH</a>) gained 24.2% to close at $3.64.</li>
<li>Synchronoss Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>) gained 23.7% to close at $3.97.</li>
<li>Western Asset Mortgage Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmc#NYSE">WMC</a>) surged 22.9% to close at $3.60.</li>
<li>Tenneco Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ten#NYSE">TEN</a>) shares rose 22.8% to close at $12.56.</li>
<li>Conn&#39;s, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/conn#NASDAQ">CONN</a>) gained 22.5% to close at $11.27. Conn&#39;s is expected to release quarterly earnings today.</li>
<li>KLX Energy Services Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klxe#NASDAQ">KLXE</a>) gained 21% to close at $3.17 after OPEC+ agreed to extend production cuts into July.</li>
<li>Eagle Bulk Shipping Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egle#NASDAQ">EGLE</a>) shares rose 19.3% to close at $2.85.</li>
<li>Digimarc Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dmrc#NASDAQ">DMRC</a>) gained 18% to close at $20.77.</li>
<li>Occidental Petroleum Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>) shares gained 17.4% to close at $24.40 after surging 34% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>Carnival Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) climbed 15.8% to close at $24.91 after gaining over 16% on Friday.</li>
<li>Milestone Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mist#NASDAQ">MIST</a>) shares gained 14.4% to close at $4.28.</li>
<li>Park Hotels &amp; Resorts Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pk#NYSE">PK</a>) gained 13.8% to close at $14.88 after Raymond James upgraded the company&#39;s stock from Market Perform to Outperform and announced a $16 price target.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) shares climbed 13.7% to close at $7.95.</li>
<li>Thor Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) rose 11.1% to close at $111.14 after reporting better-than-expected Q3 results.</li>
<li>Independence Contract Drilling, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icd#NYSE">ICD</a>) gained 8.8% to close at $7.29.</li>
<li>Applied DNA Sciences Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apdn#NASDAQ">APDN</a>) climbed 6.8% to close at $7.86 after company issued an update on COVID-19 vaccine.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Ekso Bionics Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) shares fell 23.8% to close at $3.95 on Friday after the company reported a $7.89 million registered direct offering priced at-the-market.</li>
<li>Opiant Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opnt#NASDAQ">OPNT</a>) shares tumbled 22.7% to close at $9.04 on Monday after the company issued a statement on district court decision. The U.S. District Court for the District of New Jersey ruled in favor of Teva Pharmaceutical in a patent litigation regarding Narcan nasal spray.</li>
<li>Emergent BioSolutions Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebs#NYSE">EBS</a>) dropped 21% to close at $68.69.</li>
<li>Yatra Online, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ytra#NASDAQ">YTRA</a>) fell 20.3% to close at $1.1950 as the company disclosed that it has terminated its merger agreement with Ebix and also filed a litigation over Ebix&#39;s alleged breach of terms of agreement.</li>
<li>Genius Brands International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnus#NASDAQ">GNUS</a>) shares declined 13.3% to close at $5.15. Genius Brands International, a children&#39;s media company,said Monday that recent short reports are full of &quot;misleading statements, omissions of key facts, and red herrings.&quot;</li>
<li>Luckin Coffee Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lk#NASDAQ">LK</a>) fell 12.7% to close at $4.81. Luckin Boss Lu Zhengyao will face criminal charges for financial fraud, according to Caixan Gloabal.</li>
<li>Ascena Retail Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asna#NASDAQ">ASNA</a>) fell 12.2% to close at $2.42. Ascena Retail Group is in discussions regarding a potential bankruptcy filing, Bloomberg reported.</li>
<li>InflaRx N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifrx#NASDAQ">IFRX</a>) fell 12.2% to close at $6.58.</li>
<li>Anixa Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anix#NASDAQ">ANIX</a>) shares declined 11.2% to close at $1.99.</li>
<li>NovaGold Resources Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ng#NYSE">NG</a>) fell 10.9% to close at $8.06.</li>
<li>Graham Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghm#NYSE">GHM</a>) dipped 10.1% to close at $14.01.</li>
<li>Tactile Systems Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcmd#NASDAQ">TCMD</a>) shares fell 10.1% to close at $47.26.</li>
<li>eHealth, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ehth#NASDAQ">EHTH</a>) fell 9.6% to close at $106.80.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snoa#NASDAQ">SNOA</a>) shares dipped 9.2% to close at $8.54 after gaining 22% on Friday.</li>
<li>ACM Research, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acmr#NASDAQ">ACMR</a>) shares declined 9% to close at $56.82.</li>
<li>Kezar Life Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kzr#NASDAQ">KZR</a>) fell 9% to close at $6.26 after the company announced a proposed public offering of common stock.</li>
<li>Trevi Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trvi#NASDAQ">TRVI</a>) fell 8.8% to close at $4.02.</li>
<li>Houghton Mifflin Harcourt Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmhc#NASDAQ">HMHC</a>) shares fell 8.7% to close at $2.51 after gaining 27% on Friday.</li>
<li>TOP SHIPS Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tops#NASDAQ">TOPS</a>) dropped 8% to close at $0.2072 after the company announced the pricing of a $20 million common shares registered direct offering. The offering price is $0.12 per share.</li>
</ul>

Pre-Market Outlook

ACMR

ANIX

APDN

ARLP

ASNA

ASPN

AYRO

BATL

CBAT

CDEV

CONN

CORR

DGLY

DMRC

EGLE

EHTH

EKSO

ENOB

EXPR

FOSL

FTSI

GNUS

HALL

HFFG

HMHC

IDEX

IFRX

KLXE

LMPX

MCEP

MIST

MITT

NINE

NKLA

OPNT

SMHI

SNCR

SNDE

SNOA

SOHO

SPCB

TCMD

TCRR

TELL

TOPS

TRVI

USDP

VTSI

YTRA

ZAGG

95 Biggest Movers From Yesterday

<h3>Gainers</h3>
<ul>
<li>Extraction Oil &amp; Gas, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xog#NASDAQ">XOG</a>) shares jumped 177.4% to $1.18 following a 53% gain on Friday. The OPEC+ agreed to extend production cuts into July.</li>
<li>Enochian Biosciences Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enob#NASDAQ">ENOB</a>) shares surged 139.6% to $9.87 after the company announced the completion of an FDA INTERACT meeting for a potential cure for HIV.</li>
<li>Noble Corporation plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ne#NYSE">NE</a>) shares climbed 115.6% to $0.6037 after jumping 75% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>Valaris plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/val#NYSE">VAL</a>) gained 91.9% to $1.7846 after climbing over 162% on Friday.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) shares gained 81.8% to $2.25 after surging 12% on Friday.</li>
<li>Chesapeake Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chk#NYSE">CHK</a>) gained 70.4% to $42.25 after surging over 76% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>Nine Energy Service, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nine#NASDAQ">NINE</a>) gained 69.5% to $4.44.</li>
<li>AG Mortgage Investment Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitt#NASDAQ">MITT</a>) rose 56.4% to $5.62 after jumping 31% on Friday.</li>
<li>Exantas Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xan#NASDAQ">XAN</a>) rose 56.2% to $4.48.</li>
<li>FTS International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftsi#NYSE">FTSI</a>) gained 53.5% to $14.55 after climbing 28.5% on Friday.</li>
<li>Tellurian Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tell#NASDAQ">TELL</a>) rose 53.4% to $1.85 after jumping over 20% on Friday.</li>
<li>Invesco Mortgage Capital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivr#NYSE">IVR</a>) gained 53.8% to $6.52 after rising 18% on Friday.</li>
<li>Sundance Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snde#NASDAQ">SNDE</a>) shares rose 50.8% to $5.02 after climbing 21% on Friday.</li>
<li>Ideanomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idex#NASDAQ">IDEX</a>) climbed 49% to $0.6999.</li>
<li>Callon Petroleum Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpe#NYSE">CPE</a>) rose 44.5% to $1.9950 after climbing 68% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>California Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crc#NYSE">CRC</a>) rose 43.8% to $2.89 after gaining 34% on Friday.</li>
<li>Digital Ally, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dgly#NASDAQ">DGLY</a>) shares gained 43.7% to $3.6499 after the company closing its underwritten public offering of 3,090,909 shares at $1.65 per share. Digital Ally shares climbed around 23% on Friday after it was reported Kansas City Police Department has purchased $2.5 million in body cameras.</li>
<li>The Michaels Companies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mik#NASDAQ">MIK</a>) rose 40.1% to $7.72. JP Morgan upgraded Michaels Companies from Neutral to Overweight.</li>
<li>Hertz Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/htz#NYSE">HTZ</a>) rose 39.1% to $3.5750. The stock has experienced an increase in volatility after it filed for Chapter 11 bankruptcy.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) climbed 37% to $3.26.</li>
<li>SEACOR Marine Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smhi#NYSE">SMHI</a>) surged 36% to $4.517 after surging 35% on Friday.</li>
<li>Pyxus International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pyx#NYSE">PYX</a>) rose 34% to $4.83.</li>
<li>Hallmark Financial Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hall#NASDAQ">HALL</a>) gained 33.3% to $5.41.</li>
<li>Mexco Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mxc#NYSE">MXC</a>) shares rose 33% to $4.40.</li>
<li>QEP Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qep#NYSE">QEP</a>) rose 32.9% to $2.3650 after surging around 65% on Friday.</li>
<li>Seritage Growth Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/srg#NYSE">SRG</a>) surged 31.4% to $20.39</li>
<li>Centennial Resource Development, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdev#NASDAQ">CDEV</a>) gained 28.9% to $1.92 following a 30% gain on Friday.</li>
<li>Target Hospitality Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/th#NASDAQ">TH</a>) rose 28.7% to $3.77/</li>
<li>CBAK Energy Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbat#NASDAQ">CBAT</a>) shares rose 28.2% to $0.73.</li>
<li>RTW Retailwinds, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtw#NYSE">RTW</a>) rose 27.8% to $0.30 after gaining 10% on Friday.</li>
<li>Independence Contract Drilling, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icd#NYSE">ICD</a>) surged 25% to $8.38.</li>
<li>CorEnergy Infrastructure Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/corr#NYSE">CORR</a>) gained 24.8% to $15.13.</li>
<li>KLX Energy Services Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klxe#NASDAQ">KLXE</a>) climbed 24.4% to $3.26 after OPEC+ agreed to extend production cuts into July.</li>
<li>ION Geophysical Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/io#NYSE">IO</a>) rose 24% to $3.6709.</li>
<li>USD Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usdp#NYSE">USDP</a>) gained 24% to $4.4750.</li>
<li>Western Asset Mortgage Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmc#NYSE">WMC</a>) surged 23.5% to $3.62</li>
<li>Fossil Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fosl#NASDAQ">FOSL</a>) gained 23.5% to $6.49 on continued upward momentum surrounding the economy reopening, which would increase consumer spending and economic activity. New York City moved into phase one of its reopening plan on Monday.</li>
<li>Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) surged 22.6% to $3.06 after OPEC+ agreed to extend production cuts into July.</li>
<li>Mid-Con Energy Partners, LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcep#NASDAQ">MCEP</a>) gained 22% to $3.6101.</li>
<li>HF Foods Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hffg#NASDAQ">HFFG</a>) climbed 21.3% to $9.10.</li>
<li>Eagle Bulk Shipping Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egle#NASDAQ">EGLE</a>) shares rose 21.3% to $2.90.</li>
<li>Digimarc Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dmrc#NASDAQ">DMRC</a>) gained 20.8% to $21.28.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) rose 20.4% to $43.33 after climbing over 6% on Friday.</li>
<li>Camber Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cei#NYSE">CEI</a>) rose 20.1% to $1.9701 after surging over 20% on Friday.</li>
<li>NextDecade Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/next#NASDAQ">NEXT</a>) shares gained 20.1% to $2.45.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) shares climbed 20% to $8.39.</li>
<li>Milestone Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mist#NASDAQ">MIST</a>) shares rose 19.8% to $4.48.</li>
<li>Azul, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azul#NYSE">AZUL</a>) gained 19.4% to $15.28.</li>
<li>Community Health Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cyh#NYSE">CYH</a>) shares surged 19.1% to $3.8950.</li>
<li>Synchronoss Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>) gained 18.5% to $3.8050.</li>
<li>Tenneco Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ten#NYSE">TEN</a>) shares rose 17.6% to $12.03.</li>
<li>LATAM Airlines Group S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ltm#NYSE">LTM</a>) shares rose 15.5% to $2.4370 after gaining around 9% on Friday.</li>
<li>Carnival Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) climbed 15% to $24.72 after gaining over 16% on Friday.</li>
<li>Occidental Petroleum Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>) shares rose 12.4% to $23.36 after surging 34% on Friday. The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to extend the existing production cuts of 9.7 million barrels per day through July.</li>
<li>Park Hotels &amp; Resorts Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pk#NYSE">PK</a>) gained 11.6% to $14.62 after Raymond James upgraded the company&#39;s stock from Market Perform to Outperform and announced a $16 price target.</li>
<li>Applied DNA Sciences Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apdn#NASDAQ">APDN</a>) climbed 10.6% to $8.14 after company issued an update on COVID-19 vaccine.</li>
<li>Thor Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) rose 8% to $107.89 after reporting better-than-expected Q3 results.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Opiant Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opnt#NASDAQ">OPNT</a>) shares dropped 26.3% to $8.62 after the company issued a statement on district court decision. The U.S. District Court for the District of New Jersey ruled in favor of Teva Pharmaceutical in a patent litigation regarding Narcan nasal spray.</li>
<li>Ekso Bionics Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) dropped 21.6% to $4.06 after the company reported a $7.89 million registered direct offering priced at-the-market.</li>
<li>Yatra Online, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ytra#NASDAQ">YTRA</a>) fell 19.3% to $1.21 as the company disclosed that it has terminated its merger agreement with Ebix and also filed a litigation over Ebix&#39;s alleged breach of terms of agreement.</li>
<li>Emergent BioSolutions Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebs#NYSE">EBS</a>) fell 19.1% to $70.35.</li>
<li>Ascena Retail Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asna#NASDAQ">ASNA</a>) fell 18% to $2.26. Ascena Retail Group is in discussions regarding a potential bankruptcy filing, Bloomberg reported.</li>
<li>TOP SHIPS Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tops#NASDAQ">TOPS</a>) dropped 11.1% to $0.20 after the company announced the pricing of a $20 million common shares registered direct offering. The offering price is $0.12 per share.</li>
<li>Houghton Mifflin Harcourt Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmhc#NASDAQ">HMHC</a>) shares tumbled 11.1% to $2.4450 after gaining 27% on Friday.</li>
<li>Genius Brands International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnus#NASDAQ">GNUS</a>) shares dropped 10.9% to $5.29. Genius Brands International, a children&#39;s media company,said Monday that recent short reports are full of &quot;misleading statements, omissions of key facts, and red herrings.&quot;</li>
<li>Luckin Coffee Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lk#NASDAQ">LK</a>) fell 10.7% to $4.9199. Luckin Boss Lu Zhengyao will face criminal charges for financial fraud, according to Caixan Gloabal.</li>
<li>ACM Research, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acmr#NASDAQ">ACMR</a>) shares declined 9.8% to $56.35.</li>
<li>XpresSpa Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xspa#NASDAQ">XSPA</a>) fell 9.5% to $2.145.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snoa#NASDAQ">SNOA</a>) shares dipped 9.4% to $8.52 after gaining 22% on Friday.</li>
<li>Atossa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atos#NASDAQ">ATOS</a>) fell 8.3% to $3.08.</li>
<li>Tetraphase Pharmaceuticals, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttph#NASDAQ">TTPH</a>) fell 6% to $2.31. Tetraphase Pharmaceuticals shares gained 15% on Friday after the company received FDA approval for its Supplemental New Drug Application for new strength of XERAVA for injection.</li>
</ul>

Intraday Update

ATOS

TTPH

XSPA

71 Stocks Moving In Monday's Mid-Day Session

Press Releases

LATAM to Host Investor Day on October 22, 2024 in New York

American Airlines Group, Inc. - Common Stock

American Airlines Group

Allegiant Travel

Alaska Air Gr

Azul S.A. American Depositary Shares (each representing three preferred shares)

Azul

Blade Air Mobility, Inc. - Class A Common Stock

Blade Air Mobility

Copa Holdings

Delta Air Lines

flyExclusive

JetBlue Airways Corporation - Common Stock

JetBlue Airways

Joby Aviation

Jet AI

Southwest Airlines

Mesa Air Gr

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

Ryanair Hldgs

SkyWest

Sun Country Airlines Holdings, Inc. - Common Stock

Sun Country Airlines

Volato Group

Surf Air Mobility

United Airlines Holdings, Inc. - Common Stock

United Airlines Holdings

Frontier Group Holdings, Inc. - Common Stock

Frontier Group Holdings

Wheels Up Experience Inc. Class A Common Stock

Wheels Up Experience

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates

Controladora Vuela

Barclays

Morgan Stanley

Deutsche Bank

스피릿 항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)이 <a href="https://www.benzinga.com//node/41182466" target="_blank" rel="noopener" data-google-interstitial="false">파산 신청을 고려</a> 중이라는 소식이 퍼지자, 비판자들은 소셜 미디어를 통해 바이든 행정부를 비난했다.
그 이유는 무엇일까? 올해 1월, 미국 <a href="https://www.benzinga.com/news/24/01/36648448/jetblue-spirit-airlines-merger-blocked-spirit-shares-tumble">반독점 규제 당국</a>이 제트블루 항공(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>)의 38억 달러에 스피릿 인수를 차단한 사건을 기억해 보자. 실제로 지난 4년 동안, 규제 당국은 경쟁을 저해한다고 판단되는 인수합병 활동을 <a href="https://www.benzinga.com/government/24/09/40693260/kroger-albertsons-merger-in-ftc-crosshairs-customers-competitors-at-risk">종종 저지해왔다.</a> 예를 들어 크로거(NYSE:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/kr" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for KR" data-google-interstitial="false">KR</a>)와 앨버트슨(NYSE:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/aci" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for ACI" data-google-interstitial="false">ACI</a>)의 <a href="https://www.benzinga.com/news/large-cap/22/10/29266605/kroger-albertsons-finally-seal-the-rumored-merger-deal-see-highlights">250억 달러 규모 합병</a>과 같은 사례가 있다.
제트블루/스피릿 사건도 다르지 않았다. 이번 주로 넘어가면, <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae">월스트리트 저널</a>이 보도한 바와 같이 스피릿은 채권자 및 채무자들과 협상 중이며, 챕터 11 파산이 문제를 해결할 최선의 선택인지 검토하고 있다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Biden and Harris torched the merger. Now many will be without a job.
&mdash; Ottoman (@raddadcomments) <a href="https://twitter.com/raddadcomments/status/1841958271655280659?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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관찰자들은 제트블루의 인수로 일자리가 유지되고 항공사 자체가 구제될 수 있었을 것이라고 주장했다. 스피릿의 문제는 여러 대의 에어버스 비행기를 터보팬 엔진 문제로 운항 중지해야 했던 것에서 비롯된 것임을 주목할 필요가 있다.
뱅크 오브 아메리카 증권의 분석가들은 1월에 스피릿의 지속적인 엔진 수리가 &#8220;전통적인 초저가 항공사 모델&#8221;에 악영향을 미쳤다고 언급했다.
플로리다주 다니아 비치에 본사를 둔 스피릿은 또한 &#8220;가격에 민감한 레저 여행객들 간의 치열한 경쟁&#8221;과 국내 항공편 좌석의 공급 과잉&#8221;을 재정적 어려움의 원인으로 꼽았다.
&#8220;이 모든 것은 바이든과 그의 FTC 팀 덕분이다. 잘했다, 조!&#8221;라는 한 소셜 미디어 사용자의 글이 올라왔다.
선례를 보면 제트블루와의 거래가 스피릿에게 안전망이 되지 않았을 것이라는 점은 분명하다. 대부분의 주요 항공사 인수합병은 타겟이 부실 자산이든 아니든 일자리 손실로 이어지기 때문이다.
참고: <a href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report">스피릿 항공, 금융적 어려움 속에서 파산 협상 진행 중</a>
합병의 규모와 영향은 합병의 크기와 같은 여러 요인에 따라 달라질 수 있다. 주요 합병으로 인한 일자리 손실의 몇 가지 예시는 다음과 같다:
<ul>
<li>아메리칸 항공(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>)과 US 에어웨이스(US Airways): 2013년 인수 합병 후 몇 천 개의 일자리가 사라졌다. 추정치는 1,500~3,000개의 직위가 줄어들었다.</li>
<li>유나이티드 항공(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)과 콘티넨털 항공(Continental Airlines): 2010년 합병으로 약 1,500~2,000개의 일자리가 사라졌다. 이러한 감축은 주로 중복된 기업 및 관리 직책 때문이었다.</li>
<li>델타 항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)과 노스웨스트 항공(Northwest Airlines): 2008년 합병은 결합된 항공사가 성장하는 데 도움을 주었지만, 약 2,000~3,000개의 일자리가 사라지는 결과를 초래했다.</li>
</ul>
항공사 합병은 종종 노선 및 용량 최적화를 통해 덜 수익성이 좋은 분야에서의 인력 필요성을 줄인다. 연료 및 인건비 절감과 같은 비용 시너지는 추가 감축을 촉발할 수 있다. 항공기 통합은 구형 항공기를 퇴출시키고 기술직 직원들에게 영향을 줄 수 있다.
노조 합의 및 노동 계약은 합병된 항공사가 인건비 및 복리를 조정함에 따라 해고로 이어질 수도 있다.
모든 합병이 심각한 일자리 손실로 이어지는 것은 아니지만, 파산도 마찬가지이다. 회사가 챕터 11을 신청하면 부채와 운영을 재조정하면서 운영을 계속할 수 있어 재정적으로 생존할 기회를 제공하므로 때로는 일자리를 구할 수 있다.
이 과정에서 회사는 계약을 재구성하고, 채권자들과 재협상하며, 운영을 효율화할 수 있다. 이는 완전 청산에서 잃어버릴 일자리를 보호하는 데 도움이 될 수 있다. 해고가 발생할 수 있지만, 챕터 11은 사업이 회복되고 일부 인력을 보호할 기회를 더 많이 제공한다.
스피릿의 부채는 월스트리트 저널에 따르면 약 33억 달러에 달한다.
최근 항공사 파산 사례로는 2017년에 발생한 버진 아메리카(Virgin America)와 모나크 항공(Monarch Airlines), 2019년 와우 에어(WOW Air), 2020년 LATAM 항공 그룹 SA(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>)가 있다. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41123208/latam-airlines-earnings-will-remain-higher-for-longer-says-bullish-analyst">모건 스탠리의 애널리스트에 따르면</a>, LATAM은 2022년에 파산에서 회복되어 더 강하고 더 크고 효율적으로 재편성되었다.
다음은 (What's Next): 스피릿이 파산 절차를 진행할지 여부는 아직 불확실하다. 금요일 스피릿 주가는 24.55% 하락하여 1.69달러에 마감되었다. 이후 시간외 거래에서 1.78% 추가 하락했다.
2024년에는 주가가 89% 이상 하락했다.

이제 읽어보세요: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41124443/whats-going-on-with-delta-united-and-spirit-airlines-shares-tuesday">델타, 유나이티드, 스피릿 항공 주식에 무슨 일이 있었나?</a></li>
</ul>
사진 출처: Shutterstock
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LATAM Airlines Group

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토요일, 10월 05, 2024

사람들이 또한 지켜본다

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