Enact Holdings (ACT) Stock

The New Year might not bring good fortune for Radian Group.

Enact Holdings (ACT) is now considered an oversold stock, meaning that the intense selling pressure has likely ended. Additionally, many Wall Street analysts are raising their earnings estimates, suggesting that the stock may soon change direction.

Aduro Clean Technologies Inc. has announced that the underwriters of its U.S. public offering have partially used their over-allotment option to buy an extra 22,470 common shares at a price of US$4.25 each. With this addition, the total number of common shares sold by the company reaches 1,063,647, resulting in gross earnings of about US$4.52 million, before any deductions for underwriter fees and other costs. Aduro focuses on using chemistry to convert lower-value materials, such as waste plastics and heavy bitumen, into valuable resources for the future.

Four major companies have joined forces to support education and workforce development. The BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas have given the Newport News Education Foundation a $500,000 grant to help the New Teacher Institute program for Newport News Public Schools. This grant is part of the Accelerating Change Together (ACT) initiative.

Aduro Clean Technologies Inc. has announced that the underwriters of its U.S. public offering have chosen to buy an extra 100,000 common shares at a price of US$4.25 each. This means that, after this additional purchase, the company has sold a total of 1,041,177 shares, raising about US$4.43 million before any fees. Aduro focuses on using chemistry to convert lower-value materials, such as waste plastics and heavy bitumen, into valuable resources.

It obtains 27% of its forward quota share reinsurance coverage from a group of external reinsurance companies. This means that a portion of their risk is shared with these third-party providers.

Aduro Clean Technologies Inc. ("Aduro") has successfully completed its U.S. public offering, selling 941,177 common shares at a price of $4.25 each. The shares began trading on the Nasdaq Capital Market on November 7, 2024, under the ticker symbol "ADUR." Aduro focuses on using chemistry to convert lower-value materials, such as waste plastics and heavy bitumen, into valuable resources.

Enact Holdings, Inc. (NASDAQ:ACT) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 8:00 AM ET. The call will feature company representatives including Daniel Kohl, Rohit Gupta, and Dean Mitchell, along with participants from various financial institutions. Please note that all attendees will be in listen-only mode during the call.

Enact Holdings (ACT) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.