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Rhythm Pharmaceuticals (RYTM) Looks Good: Stock Adds 5.1% in Session

Rhythm Pharmaceuticals (RYTM) Looks Good: Stock Adds 5.1% in Session

Rhythm Pharmaceuticals, Inc. RYTM was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 16.5% in the past one-month time frame.

The company has seen no estimate revision in the past month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rhythm Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Rhythm Pharmaceuticals, Inc. Price

Rhythm Pharmaceuticals, Inc. Price

Rhythm Pharmaceuticals, Inc. price | Rhythm Pharmaceuticals, Inc. Quote

A better-ranked stock in the Medical – Biomedical and Genetics industry is Emergent BioSolutions Inc. EBS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Rhythm Pharmaceuticals, Inc. (RYTM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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HighRadius Adds New Leader to Accelerate Fintech Adoption for Clients

HighRadius Adds New Leader to Accelerate Fintech Adoption for Clients

HOUSTON–(BUSINESS WIRE)–Oct 9, 2020–

HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, today announced the addition of Jared Lane as Vice President, Digital Transformation. Jared and his team, in collaboration with partners, will accelerate the adoption of HighRadius products to transform finance processes to deliver quantifiable business results.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005093/en/

HighRadius adds New Leader to Accelerate Fintech Adoption for Clients (Photo: Business Wire)

Jared brings over 20 years of experience in helping the C-suite at Global 2000 companies modernize their back-office tech stack. Prior to joining HighRadius, Jared was Chief of Staff, Worldwide Sales for Wolters Kluwer ELM Solutions. Jared holds a bachelor’s degree in Information and Operations Management from Texas A&M University.

“CFOs are fast-tracking their finance digital transformation initiatives in this uncertain economy,” said Sashi Narahari, President and CEO of HighRadius. “I’m thrilled to have Jared join the team to support our 500+ clients to adopt HighRadius technology to drive operational efficiency and insights.”

“I am excited to join the HighRadius team and help to build on the solid foundation developed over the last decade,” Jared said. “HighRadius is perfectly positioned to help its clients transform their business for better customer experience and thrive in the ever-changing business and market conditions.”

About HighRadius Corporation

HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius® Treasury Management Applications help teams achieve touchless cash management, accurate cash forecasting and seamless bank reconciliation. Powered by the Rivana ™

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COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market

COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market

COVID-19-driven financial market volatility is expected to negatively impact solvency levels of Bahraini insurers this year, according to a new AM Best special report, adding to the challenges faced by the kingdom’s (re)insurance sector — the smallest among the Gulf Cooperation Council (GCC) countries.

The Best’s Special Report, “COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market,” notes the Bahraini (re)insurance market is very competitive, with a large number of companies vying for a limited amount of premium.

The report explains Bahraini insurers typically take more asset risk than their peers in mature markets. In particular, exposures to equities and real estate are generally higher among Bahraini insurers than among insurers in developed economies. As a result, their performance is heavily influenced by investment results and prone to volatility driven by financial market movements.

While the good solvency buffers of the large Bahraini insurance companies will allow them to absorb these types of financial market shocks, there is concern as to how insurers with lower solvency levels will cope with additional stresses in the short term, particularly in the event of a second wave of COVID-19 infections later in the year.

To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=301861.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201007006000/en/

Contacts

Luca Patron
Financial Analyst
+44 20 7397 0304
[email protected]

Ghislain Le Cam, CFA, FRM
Director, Analytics
+44 20 7397 0268
[email protected]

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