Mix Stock In Focus: Facebook, Inc. (NASDAQ:FB), DTE Energy Company (NYSE:DTE), Avis Budget Group, Inc. (NASDAQ:CAR)

April 25, 2023 2:00 pm12 commentsViews: 100

Facebook, Inc. (NASDAQ:FB) inched up in last session as it David Ebersman, who took Facebook Inc. public as its CFO, now has a venture of his own. Ebersman’s startup is called Lyra Health, focused on using data to improve treatment of behavioral disorders including depression, anxiety and addiction. It is backed by Ebersman and Venrock, the venture capital firm. Ebersman, who worked at Genentech Inc. before joining Facebook, said he left the social networking company last year in part to get back into the health care industry. He left with Chief Executive Officer Mark Zuckerberg’s blessing, he said. “In the current system, far too many patients are undiagnosed, and those who are diagnosed aren’t getting the right treatment,” he said. “Depression and anxiety are very high on the list in terms of cost drivers and issues that negatively affect productivity.” Facebook, Inc. (NASDAQ:FB) begun last trade with a price of $88.12 and throughout the trading session climbed at a high of $88.34. The day-trade ended with 0.03% to $88.01.

DTE Energy Company (NYSE:DTE) released that a $0.73 a share dividend on its common stock payable October 15 to shareholders of record on September 21. This is a $0.04 a share, or 5.8 percent, surge from the preceding quarterly dividend of $0.69 per share. Gerard M. Anderson, DTE Energy’s chairman and CEO stated that its action by our board to increase the dividend reiterates the confidence we have in our long-term growth objectives.”I am proud of our track record of delivering value to our shareholders. DTE Energy Company (NYSE:DTE) stock price closed at $74.96 with the total traded volume of 2.03 Million shares. Its price to sales ratio ended at 1.18. Its market capitalization is 13.44 Billion. The stock owned by the Financial Institutions was 64.50% while by insiders was 0.30%.

Avis Budget Group, Inc. (NASDAQ:CAR) released that it has signed into an expanded, new multi-year alliances marketing agreement with Southwest Airlines (LUV) which will enable the company to promote Avis Car Rental, Budget Car Rental and Payless Car Rental offers, products and services to Southwest customers. Southwest Airlines flies more than 100 million passengers per year, and Avis Budget Group provides travelers with more than 100 million vehicle rental days per year. As part of the new agreement, Avis, Budget and Payless will have advertising placement on the Southwest Airlines website as well as merchandising placement throughout the airline reservation process. Avis Budget Group, Inc. (NASDAQ:CAR) has the market capitalization of 4.90 Billion. Shares of firm moved up 1% to close at $46.30 with the total traded volume of 2.95 Million. The firm has current ratio of 1.20 for the most recent quarter.

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