
Ubisoft Stock (UBSFY) Slips on New Leadership Changes
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Derennes is joining the Ubisoft and Tencent spin-off, leaving his role as the managing director for Ubisoft's North America business. Guillemot is the son of Ubisoft co-founder Yves Guillemot. Guillemot addressed claims of nepotism, saying, 'Yes, I'm Yves' son. That's not something I hide from. But my appointment isn't only about family ties; it's about what Ubisoft needs at this moment.'
Ubisoft and Tencent have created the new spin-off to change the game developer's operating model. This spin-off now holds the rights to the Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six brands. These are some of Ubisoft's biggest series, and this change will allow a better focus on them.
Ubisoft Stock Movement Today
Ubisoft stock was down 0.7% on Thursday, signaling possible displeasure from investors over its picks to lead its new spin-off with Tencent. The shares have also fallen 22.46% year-to-date and were down 56.41% over the past 12 months.
The poor performance of Ubisoft's stock over the last year was the result of ongoing struggles at the video game developer. There was speculation earlier this year that it was about to file for bankruptcy. However, that appears to have been avoided thanks to Tencent's $1.25 billion investment in the company.
Is Ubisoft Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for Ubisoft (UBI) is Hold, based on two Buy, six Hold, and three Sell ratings over the past three months. With that comes an average UBI stock price target of €11.31, representing a potential 20.01% upside for the shares.
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"We've not seen that play out in the evidence from the quality studies that have been done." Next year, in Washington, D.C., the nonprofit Education Forward will fund a pilot of the $50 study with 40 high schoolers. The Rooted school network resumed talks, meanwhile, to take the study to neighboring Texas, after state lawmakers earlier this year failed to pass legislation that threatened to ban local governments from adopting guaranteed income programs. Talia Livneh, senior director of programs for the Rooted School Foundation, said the politics may need to catch up to the research. "I don't think what we're doing is so radical. I believe this just works," she said. "Kids don't lack character. They lack cash," Livneh added. "They deserve deep, deep trust that students and people know what's best for them." It's been four years since Vernell Cheneau III received the $50 for 40 weeks while a student at Rooted in New Orleans, and his economic life isn't easy. 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Contact staff writer Neal Morton at 212-678-8247, on Signal at nealmorton.99, or via email at morton@ This story about cash transfer programs was produced by The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education. Sign up for the Hechinger newsletter. The post $50 a week for 40 weeks: How no-strings cash changed the lives of teens appeared first on The Hechinger Report.