Streetbeat News

VERY

Vericity Inc

https://www.vericity.com/

Open

11.42

Mkt cap

170M

Volume

111K

High

11.43

P/E Ratio

-12.56

52-wk high

12.13

Low

11.40

Div yield

N/A

52-wk low

4.70

Vericity (NASDAQ:VERY) reported a significant improvement in its Q4 earnings, with losses narrowing to $(0.14) per share from $(0.50) YoY. Sales also increased to $44.55M from $41.98M YoY, marking a 6.12% growth.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:03 pm

iA Financial Group announced it will acquire Vericity, Inc. (NASDAQ:VERY) in an all-cash transaction valued at approximately $170 million, expected to close in the first half of 2024. Vericity's shares surged on the news, with trading volume significantly higher than average. The stock closed up 94.2% at $11.07.

Portfolio Pulse from Ryan Gustafson

October 03, 2023 | 8:32 pm

U.S. stocks fell with the S&P 500 dropping around 1.5% on Tuesday. Job openings increased by 690,000 to 9.61 million in August. Vericity, Inc. (VERY) shares rose 86% after iA Financial Group announced its acquisition. POINT Biopharma Global Inc. (PNT) shares rose 85% after Eli Lilly And Co (LLY) agreed to acquire it. ALX Oncology Holdings Inc. (ALXO) shares rose 50% after releasing interim Phase 2 data. SmileDirectClub, Inc. (SDC) shares dropped 41% after receiving a delisting notice from Nasdaq. Ocean Biomedical, Inc. (OCEA) shares fell 28% after announcing its cancer-targeting immunotherapy antibody candidate results. WeWork Inc. (WE) shares fell 23% after opting not to make aggregate interest payments.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 6:36 pm

Several stocks experienced significant movement in Tuesday's mid-day session. Vericity, Inc. (VERY) shares climbed 87.4% after iA Financial Group announced it will acquire the company. POINT Biopharma Global Inc. (PNT) surged 84.7% after Eli Lilly And Co (LLY) agreed to acquire the company. ALX Oncology Holdings Inc. (ALXO) shares jumped 56% after releasing interim Phase 2 data from its ASPEN-06 trial. On the downside, SmileDirectClub, Inc. (SDC) dipped 39.7% after receiving notice that its securities will be delisted from the Nasdaq. WeWork Inc. (WE) fell 22% after opting not to make aggregate interest payments totaling about $95.2 million.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 5:32 pm

US stocks fell with the Nasdaq Composite dropping over 200 points. Job openings increased by 690,000 to 9.61 million in August. Vericity, Inc. (VERY) shares rose 87% after iA Financial Group announced its acquisition. POINT Biopharma Global Inc. (PNT) shares rose 85% after Eli Lilly And Co (LLY) agreed to acquire it. SciSparc Ltd. (SPRC) shares rose 33% after being granted a European patent. SmileDirectClub, Inc. (SDC) shares fell 42% after receiving a delisting notice from Nasdaq. Ocean Biomedical, Inc. (OCEA) shares fell 26% after announcing its cancer-targeting immunotherapy antibody candidate's results. Femasys Inc. (FEMY) shares fell 36%.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 4:20 pm

Despite a general downturn in the US stock market, several stocks recorded gains. Vericity, Inc. saw a significant increase after iA Financial Group announced its acquisition. POINT Biopharma Global Inc. also gained after Eli Lilly And Co agreed to acquire it. Clean Energy Fuels Corp., Warby Parker Inc., Lantheus Holdings, Inc., Oddity Tech Ltd., Fiverr International Ltd., Studio City International Holdings Limited, NuScale Power Corporation, and Synaptics Incorporated also saw increases.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 2:09 pm

U.S. stocks traded lower with the Dow Jones falling over 100 points. McCormick & Company reported weaker-than-expected sales for its third quarter, missing the analyst consensus estimate. Vericity shares shot up 87% after iA Financial Group announced its acquisition. Eli Lilly agreed to acquire POINT Biopharma Global, boosting its shares by 84%. SmileDirectClub shares dropped 31% after receiving a delisting notice from Nasdaq. AERWINS Technologies and The Dixie Group shares also fell.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 1:42 pm

iA Financial Group has announced its plans to acquire Vericity, leading to a rise in Vericity's stock prices.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:54 pm

Trading of Vericity's shares is set to resume at 8:00 AM ET.

Portfolio Pulse from Charles Gross

October 03, 2023 | 11:44 am

Shares of Vericity were halted ahead of an announcement regarding its acquisition.

Portfolio Pulse from Charles Gross

October 03, 2023 | 11:32 am

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.