Thursday's session: top gainers and losers in the S&P500 index

Nvidia stock is on the move Thursday after shares of NVDA got an increased price target of $1,100 from Raymond James analysts.

Business Community Gears Up for Fifth Edition of Charity Run/Walk Supporting Water Safety Education for Borough YouthRED BANK, N.J. - April 8, 2024 - PRLog -- Red Bank RiverCenter is pleased to announce that Alpha Fit Club has stepped up as the top sponsor for the fifth edition of the 5K community run and walk in downtown Red Bank on June 15.This year's charity event, set to raise vital support for water safety education for borough third graders, will be named the Alpha Fit Club Red Bank Classic 5K."We are incredibly grateful to Alpha Fit Club for their generous support as the lead sponsor of this year's charity run and walk," said Bob Zuckerman, executive director of Red Bank RiverCenter. "Their commitment to our community's health and wellness aligns perfectly with the spirit of the Red Bank Classic."Alpha Fit Club Operations Manager Megan Morrone said the fitness center "embraces the opportunity to contribute to such a well-established event that promotes both individual and community well-being."Hosted by Red Bank RiverCenter in collaboration with a volunteer committee of local businesses, the summer event has become a cornerstone of the Red Bank community, drawing about 1,500 runners and walkers, an army of volunteers, and support from local businesses and sponsors, noted Anthony Setaro of Setaro House, a race founder now helping to produce the event."It's a great occasion to come together to celebrate health, showcase beautiful Red Bank, and to raise funds to help empower our youth and teens to lead healthy, active lives," Setaro said.Since its inception in 2018, the charity walk/run has raised over $60,000 to support various programs aimed at promoting wellness and fitness among the borough's young residents. Proceeds from this year's event will help fund the Red Bank Family YMCA's Safety Around Water program, which provides free swim lessons and essential water safety education to third graders from Red Bank Primary School and Red Bank Charter School.Runners and walkers of all ages and paces – and leashed dogs - are invited to this year's event, which will take place on iconic Broad Street in the heart of Red Bank.It will feature a Fitness Fest in the Broadwalk area open to all that will include wellness activities and health resources from local businesses."The remarkable success of the Red Bank Classic is due in large part to the incredible support from our business community," said Angela Courtney, a race founder and owner of Sweetest Sin Boutique.In addition to Alpha Fit Club, other top event sponsors are: Triumph Restaurant and Brewery, host of the pre-party on Thursday, June 13; the Robinson Ale House, host of the after-party on race day; the Boondocks Fishery; Raymond James, and the Businesses of Downtown Red Bank (former Red Bank Business Alliance).Courtney said sponsorship opportunities ranging from $200 to $5,000 are still open. Many include branding opportunities, and to guarantee inclusion in print materials, sponsorships must be secured by April 20, she stressed.The event committee also welcomes in-kind donations for runner swag bags and food and water donations for race participants.The 5K will begin and end on the Broadwalk, stepping off at 8:30 a.m., after a group warm up by Alpha Fit. The challenging 3.1-mile course, certified by USA Track & Field, will wind through Red Bank neighborhoods.Cash prizes will be awarded to the top three female and top three male finishers and to the top female and male masters' finishers. The top three finishers, ages 14 and under, and in five-year age groups up to 80 and older, will also be acknowledged, along with the top finishing teams.The 5K race fee is $40 ($45 after June 1) and includes a T-shirt, medal, chip-timed results, refreshments, and access to post-event race activities. The first 1,000 runners and walkers to register and pick up their bib will receive a swag bag.Following the 5K will be the Kids Broad Street Dash, open to children up to 12 years old. The fee is $20 ($25 after June 1) and includes a T-shirt and medal.Race registration in only available online at https://www.raceforum.com/rbc.For more information on the 5K, sponsorships, and volunteering, visit the race website at www.RedBankClassic.com.About the Red Bank Classic 5KThe Red Bank Classic 5K is a charity run/walk that debuted June 2018 in downtown Red Bank, fueled by a group of spirited business owners and community volunteers. The charity event has raised $60,000 to benefit youth programs for Red Bank children and teens. The 2024 run/walk will take place on Saturday, June 15. For more information, visit www.redbankclassic.com or e-mail info@redbankclassic.com.Connect on social: Facebook, Instagram.About Red Bank RiverCenterRed Bank RiverCenter is a 501c3 non-for-profit organization established in 1991 by an alliance of local businesses, property owners, residents, and other stakeholders to enhance and promote Red Bank's downtown district as a mid-Atlantic destination for dining, shopping, and culture. Red Bank RiverCenter helms the city's Special Improvement District to support the Red Bank business community by recruiting new businesses to town and helping them navigate the various start-up procedures, marketing and promoting the Red Bank business district and implementing capital improvement projects and beautification programs throughout the town. For more information, please visit: http://www.redbank.org.

The private equity owner of Dr. Squatch is exploring a sale of the men's grooming brand that it hopes will value the company at more than $2 billion, people familiar with the matter said on Wednesday. The company, which is majority-owned by Summit Partners, is working with investment banks Raymond James and Centerview Partners to gauge interest from potential buyers, the sources said, requesting anonymity as the discussions are confidential. Dr. Squatch currently generates 12-month earnings before interest, taxes, depreciation and amortization (EBITDA) of about $90 million and is growing rapidly, the sources said.

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Raymond James Financial has hired Chris Shaw, the former CEO of Cormark Securities, as co-head of its Canadian investment banking unit, according to a memo seen by Reuters. Shaw, who spent 16 years at independent advisory firm Cormark, will co-head the team with Craig McDougall, who also heads the M&A team. After a six-month transition period, McDougall will lead the advisory M&A practice as head of M&A, Canada CEO Jamie Coulter said in a memo to staff.

Raymond James Financial has hired Chris Shaw, the former CEO of Cormark Securities, as co-head of its Canadian investment banking unit, according to a memo seen by Reuters. Shaw, who spent 16 years at independent advisory firm Cormark, will work closely with Craig McDougall, the head of investment banking and M&A. After a six-month transition period, McDougall will transition to lead the advisory M&A practice as head of M&A, Canada CEO Jamie Coulter said in a memo to staff.