Streetbeat News

ABL

Abacus Life, Inc.

Industry

Insurance - Life

Abacus Life, Inc. operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.

Open

8.44

Mkt cap

623M

Volume

41K

High

8.51

P/E Ratio

-37.91

52-wk high

13.25

Low

8.12

Div yield

N/A

52-wk low

5.85

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Among the gainers, Allarity Therapeutics, iMedia Brands, and LightPath Technologies saw significant increases due to positive clinical trial results and Nasdaq compliance notices. Among the losers, 1847 Holdings, Fresh Vine Wine, and Longevity Market Assets saw significant decreases due to public offering pricing and the start of trading on Nasdaq.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 5:29 pm

US stocks traded lower with the Dow Jones dropping over 150 points. US factory orders rose 0.3% month-over-month for May, below market expectations of 0.8% growth. Shares of C4 Therapeutics, GameSquare Holdings, and BioXcel Therapeutics rose significantly, while Longevity Market Assets, Amneal Pharmaceuticals, and AXT, Inc. saw a drop in their share prices.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 2:22 pm

Abacus Life, Inc. (NASDAQ:ABL), a buyer of life insurance policies and alternative asset manager, has announced that its common stock and warrants will begin trading on Nasdaq under the symbols 'ABL' and 'ABLLW'. This follows the completion of its business combination with East Resources Acquisition Company (ERES). The company's management team will participate in an opening bell ceremony at Nasdaq on July 13, 2023.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:36 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.