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Top related persons:
Morgan Stanley - 1 Leonard Green - 1 Milana Vinn - 1 Diane Craft - 1 Brent - 1 WTI - 1 Russell - 1 Molson Coors - 1
Top related locs:
New York Saudi Arabia Russia Devon American
Top related orgs:
Intelligent Solutions Holdings Inc - 1 Investment - 1 TPG Inc - 1 Leonard Green & Partners - 1 CCC - 1 Thomson - 1 West Texas - 1 CNBC - 1

Search resuls for: "CCC Intelligent Solutions Holdings"


2 mentions found


☆ Exclusive: Advent explores sale of car insurance software vendor CCC
  + stars: | 2023-09-15 | by ( Milana Vinn | Thomson Reuters | Milana Vinn Reports On Technology | ) www.reuters.com   time to read: +1 min
CCC shares jumped on the news in afterhours trading in New York on Friday, rising 8.6% to $12.50. Founded in 1980, CCC provides software to 35,0000 companies involved in automotive claims and collision repair, including insurance firms, parts suppliers and car manufacturers. Advent, which acquired CCC from private equity firms TPG Inc (TPG.O) and Leonard Green & Partners in 2017, took CCC public through a merger with a blank-check company in 2021 at a $6.5 billion equity valuation. CCC shares have risen 32% year-to-date, more than the broader market but less than the S&P 500 software application index, which has risen 43%. CCC suffered from a drop in car insurance claims during the COVID-19 pandemic but has since seen business gradually recover.
Persons: Morgan Stanley, Leonard Green, Milana Vinn, Diane Craft Organizations: Intelligent Solutions Holdings Inc, Investment, TPG Inc, Leonard Green & Partners, CCC, Thomson Locations: New York
☆ These stocks could be the biggest winners and losers as oil prices rally again, history shows
  + stars: | 2023-09-06 | by ( Nick Wells Pia Singh | Nick Wells | Pia Singh | ) www.cnbc.com   time to read: +3 min
For investors looking to rake in profit from the recent oil rally, here are some companies that are poised to benefit off of higher crude prices. Higher oil prices could add to inflationary pressure and feed central bankers' decisions on interest rates. Higher correlation between oil prices means good news for some companies, however. The 10 most positively correlated stocks to oil are energy names, which tend to rise when oil prices get a boost. Molson and Monster have slipped 5.6% and 2.2%, respectively, during the current quarter, while PepsiCo is off more than 5%.
Persons: Brent, WTI, Russell, Molson Coors Organizations: West Texas, CNBC, Oil, Diamondback Energy, Devon Energy, APA, Diamondback, Halliburton, Insurance, CCC Intelligent Solutions Holdings, . Beverage, Molson, Monster, PepsiCo, Bank of Canada, Manhattan Associates, Cadence Design Systems, chocolatier Hershey Locations: Saudi Arabia, Russia, Devon, American
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