Nucor earnings beat by $0.08, revenue fell short of estimates
Bryan Everard Smith, Executive Vice President and Chief People Officer at Nasdaq, Inc. (NASDAQ:NDAQ), recently sold shares of the company's stock amid a significant 10% decline in the stock price over the past week. According to InvestingPro data, the stock is currently trading at $67.74, with analysts setting price targets ranging from $68 to $105. The transaction, disclosed in a recent SEC filing, involved the sale of 657 shares on April 4, 2025, at a price of $71.81 per share, totaling approximately $47,179. This sale was executed under a Rule 10b5-1 trading plan established on September 5, 2024.
Additionally, on April 3, 2025, Smith had 813 shares withheld for tax purposes in connection with the settlement of an equity award, valued at $78.3 per share. Following these transactions, Smith holds a total of 61,980 shares, which include vested restricted stock units and shares purchased under Nasdaq's Employee Stock Purchase Plan.
In other recent news, Nasdaq has received a rating upgrade from Moody's to Baa1 with a stable outlook, reflecting its increased scale and improved debt leverage. This follows Nasdaq's acquisition of Adenza, which helped reduce its debt/EBITDA leverage ratio. Nasdaq also announced the opening of a new regional headquarters in Dallas, Texas, emphasizing its commitment to the Texas and Southeast U.S. market. This expansion aligns with the state's growth vision and includes plans for further investments to support the local financial ecosystem.
Additionally, Nasdaq has secured its leadership by finalizing new employment agreements with key executives, including CEO Adena Friedman, President Tal Cohen, and Executive Vice President Bradley Peterson. These contracts, effective through 2030, ensure leadership continuity and include provisions for bonuses and equity awards. Nasdaq is also planning to introduce 24-hour trading by the second half of 2026, contingent on regulatory approval, to meet growing global demand for U.S. stocks.
Furthermore, Nasdaq has appointed Brandis DeSimone as Senior Vice President, Head of East Coast Listings, to enhance client relations and support companies throughout their corporate lifecycle. DeSimone's extensive experience in financial services and previous roles at Nasdaq will bolster the company's listing capabilities. These developments highlight Nasdaq's strategic efforts to strengthen its market position and support its clients' growth.
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