Latest news with #AEO
New Indian Express
4 days ago
- New Indian Express
Thevalakkara student electrocution death: Govt dismisses manager, takes over school administration
THIRUVANANTHAPURAM: Following the death of a Class VIII student due to electrocution at High School for Boys, Thevalakkara in Kollam, the government has dismissed the manager of the aided school and entrusted administration of the institution to the District Education Officer (DEO). General Education Minister V Sivankutty told reporters here on Saturday that as per a report by the Director of General Education, there was serious dereliction of duty on the part of the manager R Thulasidharan Pillai. The manager has been removed as per Section 14 of the Kerala Education Rules (KER), 1958, he added. Last week, Suja S, the headmistress of the school was suspended from service after Kollam assistant education officer (AEO) visited the school and found lapses on her part in ensuring safety of the students. Senior Mathematics teacher G Molly was given the responsibility of headmistress. Midhun, a Class VIII student of the school was electrocuted on July 17 while trying to retrieve a footwear that had fallen from the roof of a bicycle shed on the school premises. The incident evoked widespared protests with the Opposition calling for a comprehensive safety audit in schools.
Yahoo
4 days ago
- Business
- Yahoo
Did Sydney Sweeney Get American Eagle Into the Meme-Stock Party?
American Eagle was in need of some buzz. It got some—from actress Sydney Sweeney, known for roles in television, motion pictures, "Saturday Night Live" sketches and, now, pants. The company's fall collection, according to a press release, will include an $80 denim jacket "inspired by Sydney's on-set style," as well as a "Sydney Jean" sporting a back pocket with a butterfly on it, meant to evoke awareness of domestic violence. The timeline of her apparent effect on the retailer's stock is worth noting. American Eagle's (AEO) press release came out early Wednesday, a day during which the stock rose about 6%. Today they jumped 12% in early action, touching intraday levels last seen in mid-May, before cooling a bit. The shares had been under substantial pressure in 2025, losing roughly a third of their value year-to-date through Wednesday's close. They've been pulled lower by downbeat guidance for the current quarter, a withdrawn full-year outlook, and executive comment about heavy promotional activity. Now, it seems the stock has attracted the attention of traders in places like Reddit's wallstreetbets forum, which has lately been alive with reports of action in a new wave of meme stocks. It's difficult to guess how long the recent support for American Eagle's shares might last, though it might be worth noting that today's enthusiasm could be considered cautious: Even at morning highs, they were a few cents short of Wall Street's consensus price target. Read the original article on Investopedia Sign in to access your portfolio
Business Insider
5 days ago
- Business
- Business Insider
American Eagle Stock (AEO) Soars 15% on Sydney Sweeney Collab
American Eagle (AEO) stock surged on Thursday after the apparel brand announced a collaboration with American actress and producer Sydney Sweeney, titled 'Sydney Sweeney Has Great Jeans.' The fashion retailer is selling 'AE x Sydney Sweeney Ultra Wide-Leg Jean' pants for women on its website and in stores. These pants cost $89.95, and 100% of the sales will go toward Crisis Text Line. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. News of the collaboration attracted meme stock traders to AEO stock on Thursday. That's resulted in increased chatter about American Eagle on Reddit and other social media platforms that are home to meme stock traders. American Eagle Stock Movement Today With this increased interest from meme stock traders came a massive rally for AEO stock. This has American Eagle shares up 13.86% in pre-market trading, following a 6.18% rally yesterday. Even so, the shares were still down 33% year-to-date and 48.99% over the past 12 months. Trading volume has also been heavy recently, with nearly 2.7 million shares traded this morning. This follows 17.51 million shares of AEO stock being traded yesterday. For perspective, the company's three-month daily average trading volume is about 6.63 million shares. Is American Eagle Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for American Eagle is Hold, based on one Buy, nine Hold, and a single Sell rating over the past three months. With that comes an average AEO stock price target of $11.30, representing a potential 4.4% upside for the shares.
Yahoo
5 days ago
- Business
- Yahoo
Sydney Sweeney Just Launched a Meme Rally in American Eagle. Should You Buy AEO Stock Here?
American Eagle (AEO) shares soared as much as 20% on Thursday after the clothing retailer said actress Sydney Sweeney will be the face of its fall campaign. Retail investors latched onto the Sweeney news, partly because short interest in the NYSE-listed firm stood at a whopping 13.5% heading into today, making it a prime candidate for short squeeze. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Can Lucid Motors Stock Hit $7 in 2025? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! While American Eagle stock has relinquished some of its intraday gains in recent hours, at market open, it was up nearly 30% versus its year-to-date low set in mid-June. Caution Warranted in Buying American Eagle Stock Disciplined investors should approach today's rally in AEO shares with caution as it was driven mostly driven by celebrity buzz and meme stock phenomenon instead of fundamentals. American Eagle did not issue a financial or operational update to justify such a sharp surge in its stock price, neither did it receive bullish coverage from a Wall Street analyst on Thursday. Therefore, once the hype fades, American Eagle stock could retrace just as quickly, particularly since its struggling with an earnings contraction. In its current financial quarter, the Pittsburgh-headquartered firm is expected to earn just $0.20 on a per-share basis, down significantly from $0.39 a share in the same quarter last year. Jefferies Analyst Remains Dovish on AEO Shares Chasing the meme-driven momentum in American Eagle shares may be a gamble also because 'ongoing headwinds facing the consumer could impact the company's top-line growth and margin performance over the next 6-12 months,' according to Jefferies analyst Corey Tarlowe. In his latest research note, he cited execution challenges and product assortment issues as well for his dovish stance on AEO stock. Jefferies currently has a 'Hold' rating on American Eagle Outfitters with an $11 price target indicating potential downside of more than 3.0% from current levels. How Wall Street Recommends Playing American Eagle Long-term investors should avoid jumping into AEO shares amid the meme stock frenzy as they're not in favor with other Wall Street analysts either. According to Barchart, the consensus rating on American Eagle stock currently sits at 'Hold' only and the mean target of $11.27 is roughly in line with its current trading price. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Kuwait Times
7 days ago
- Business
- Kuwait Times
AEO launches energy report
KUWAIT: The General Secretariat of the Arab Energy Organization (AEO), formerly known as the Organization of Arab Petroleum Exporting Countries (OAPEC), on Tuesday launched the 51st edition of its Secretary General's Annual Report for 2024. The report provides a comprehensive overview of key Arab and global developments in the energy sector, with a particular focus on oil and gas. Speaking during a ceremony held to mark the occasion, AEO Secretary General Jamal Al-Loughani highlighted the pivotal role played by member states in the global energy landscape. The event was attended by members of the diplomatic corps accredited to Kuwait from the organization's member states. Al-Loughani noted that the release of this edition coincides with the organization's 57th anniversary since its establishment in January 1968 — an important milestone in the history of joint Arab cooperation, particularly in the field of energy. He emphasized the organization's sustained and effective presence in regional and international energy-related activities over the years. The report, Al-Loughani said, comes amid significant fluctuations in global oil markets, driven by a range of factors including geopolitical tensions, economic shifts, evolving demand patterns, and environmental challenges. He pointed to regional developments, especially in the Red Sea, which have disrupted oil trade routes and raised temporary concerns over supply security. Secretary-General of the Arab Energy Organization, Jamal Al-Loughani General Secretariat of the Arab Energy Organization on Tuesday launched the 51st edition of its Secretary General's Annual Report for 2024. The report provides a comprehensive overview of key Arab and global developments in the energy sector, with a particular focus on oil and gas. He also referred to ongoing sanctions on Russia and the impact of the Russia-Ukraine conflict, which has led to the redirection of Russian energy exports to Asia. Al-Loughani said that global oil demand growth had slowed considerably, reflecting a broader decline in global economic activity — especially in China, the world's largest oil importer — due in part to rising electric vehicle adoption and severe weather-related disruptions in the United States. The Secretary General praised the role of AEO member states in the OPEC+ alliance, noting their proactive approach in extending production cuts throughout 2024, which helped stabilize global oil markets. He revealed that OPEC's crude and unconventional oil supplies declined by approximately 163,000 barrels per day compared to 2023, settling at around 32.4 million barrels per day. Meanwhile, supplies from non-OPEC producers rose by about 630,000 barrels per day to reach 70.2 million barrels per day. Al-Loughani noted that AEO member states recorded 34 oil and gas discoveries in 2024, underlining the strategic importance of the Arab region in the current and future energy landscape. He said the first chapter of the report reviews key Arab and international energy developments and their impact on the economies of member states, in addition to market fundamentals such as supply, demand and oil reserves. The report also addresses policy trends and geopolitical influences. The report further examines investment trends in energy transition technologies, including hydrogen as a future fuel, and provides updates on exploration and production, refining, petrochemicals, and gas industries. It also tracks environmental developments and climate change-related matters. Al-Loughani stressed that the key energy indicators in the report confirm the significant position of AEO member states in global markets. Proven crude oil reserves in AEO countries stood at around 713.4 billion barrels in 2024, accounting for 53 percent of the global total of 1,346 billion barrels. Natural gas reserves were estimated at approximately 55.7 trillion cubic meters, representing 26 percent of global reserves. The average crude oil production of member states reached 21.6 million barrels per day in 2024, or roughly 24 percent of the global total of 88.7 million barrels per day. Marketed natural gas production amounted to 561 billion cubic meters, making up about 14 percent of the global total. On renewable energy, Al-Loughani noted that installed wind energy capacity in the Arab region reached 5.2 gigawatts, representing 0.5 percent of global capacity, while solar power installations exceeded 17 gigawatts, representing 1.1 percent. Hydroelectric power capacity reached 9.15 gigawatts, also constituting 0.5 percent of the global total. He added that the refining industry in member states includes 54 refineries, with a combined capacity of 10.47 million barrels per day — around 10.9 percent of the world's total refining capacity of 96.23 million barrels per day. In the natural gas sector, Al-Loughani reported that member states exported 185.9 billion cubic meters in 2024, accounting for 16.3 percent of global exports. Liquefied natural gas (LNG) production capacity reached 120.3 million tons per year by the end of 2024, representing 24.6 percent of the world's total LNG production capacity. — KUNA
