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Stagwell Inc - STGW STOCK NEWS

Welcome to our dedicated news page for Stagwell (Ticker: STGW), a resource for investors and traders seeking the latest updates and insights on Stagwell.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Stagwell's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Stagwell's position in the market.

News
Stagwell Inc. (STGW) Reports Equity Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
Stagwell Inc. (NASDAQ: STGW) announced the grant of equity inducement awards to eight new employees, totaling 70,111 restricted stock units. Each unit represents the right to receive one share of the Company's Class A common stock, vesting in two installments over a three-year period. The awards serve as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.29%
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none
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News
Spirit of David Wolf Scholarship Launched by Ventura County Council Boy Scouts of America
Rhea-AI Summary
Allison - The Ventura County Council of the Boy Scouts of America, with support from Allison, has launched the Spirit of David Wolf Scholarship to provide financial assistance for registration fees, uniform, and activity expenses. The scholarship honors David Wolf, a public relations industry veteran and luminary, who passed away in March 2023. The press release also announces the creation of the David Wolf Mentorship Award by Allison, recognizing a colleague who demonstrates a passion for mentorship. This initiative celebrates David's commitment to mentorship and his contributions to the communications industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
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none
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News
Stagwell (STGW) Partners with Google Cloud and SADA to Develop Marketing-Focused Generative AI Solutions
Rhea-AI Summary
Stagwell (NASDAQ: STGW) announces partnership with Google Cloud and SADA to develop AI marketing solutions, leveraging gen AI tools to transform brand campaigns, accelerate solution development, and harness data analytics. The collaboration aims to drive operational efficiencies, marketing transformation, and customer experience innovation for digital companies worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
partnership AI
News
STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023
Rhea-AI Summary
Stagwell Inc. announced its financial results for Q3 2023, reporting revenue of $618 million and net revenue of $535 million. The company posted net income of $3 million and adjusted EBITDA of $102 million. Stagwell achieved $81 million of net new business in Q3, bringing its LTM net new business to over $250 million. It also completed the sale of non-core ConcentricLife for $245 million. The company expects adjusted EBITDA of $390 to $410 million in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
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none
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News
Stagwell's (STGW) Acquisition Momentum Continues with Addition of Fast-Growing Creative Agency, Movers+Shakers
Rhea-AI Summary
Stagwell, a challenger network built to transform marketing, has acquired Movers+Shakers, a disruptive creative agency connecting brands to culture. Movers+Shakers will join Stagwell's Constellation network of agencies and has gained 21 new clients in 2023. The agency is known for its expertise in creating cultural relevance with Gen Z and millennials and has achieved 250 billion campaign views to date. This marks Stagwell's fourth acquisition of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
Tags
acquisition
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News
Stagwell (STGW) Expands Footprint in Brazil with Addition of Clarita to Global Affiliate Network
Rhea-AI Summary
Stagwell and Clarita are partnering to offer new solutions and scalability to their clients. Clarita will focus on digital marketing and performance, bringing expertise in sales conversion, lead generation, and digital advertising. The partnership will benefit from Stagwell's global client relationships and technology tools.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Stagwell (STGW) Completes Divestment of ConcentricLife to Accenture for $245 Million
Rhea-AI Summary
Stagwell has completed the sale of ConcentricLife to Accenture Song for $245 million in cash. The proceeds will be reinvested towards Stagwell's core strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
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none
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News
PRSA-NY to Honor Carol Cone with Barbara Way Hunter Trailblazer Award at 2023 Big Apple Awards November 15 at TAO Downtown, NYC
Rhea-AI Summary
Carol Cone, founder of Carol Cone ON PURPOSE, will be honored as the first-ever recipient of the Barbara Way Hunter Trailblazer Award, sponsored by HUNTER. The award recognizes female leadership and individuals who have broken down barriers in the communications industry. Cone is being recognized for her pioneering work in purpose, social impact, and ESG. She has executed over 250 purpose programs and authored Breakthrough Nonprofit Branding. Cone's award-winning work includes campaigns for Kerry Group, Campbell, PNC, and ConAgra.
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Rhea-AI Sentiment
End-of-Day
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News
STAGWELL (STGW) TO SELL CONCENTRICLIFE, INTEGRATED HEALTHCARE MARKETING AGENCY, TO ACCENTURE
Rhea-AI Summary
Stagwell announces the sale of its healthcare marketing agency ConcentricLife to Accenture Song for $245 million in cash. The sale aligns with Stagwell's strategy of focusing on core digital services and strengthening its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
News
Accenture to Acquire ConcentricLife to Bolster its Healthcare Marketing and Communications Capabilities for the Life Sciences Industry
Rhea-AI Summary
Accenture (NYSE: ACN) has agreed to acquire ConcentricLife, a leading healthcare marketing agency with expertise in helping Life Sciences brands build an optimal brand experience at any stage of the health journey.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
acquisition
Stock STGW logo
Stagwell Inc

Nasdaq:STGW

STGW Rankings

#2677 Ranked by Market Cap
#4483 Ranked by Stock Gains
N/A Ranked by Dividends

STGW Stock Data

1.50B
105.15M
4.18%
98.63%
4.43%
Advertising Agencies
Professional, Scientific, and Technical Services
Link
US
New York

About STGW

led by a group of agency and industry professionals, stagwell is working to build an investment portfolio of marketing services companies. we are putting digital first in all investments without being weighed down by legacy assets. our portfolio will only have one or two of each kind of agency from: digital media buying to market research to public relations and beyond to allow for true cooperation. most importantly, we know great talent needs to be valued and nurtured to achieve best in class growth that will allow for generous incentives and financial rewards. to facilitate that growth, we will act as value added investors, not simply managers, through new business development, strategic counsel and add-on acquisitions that keep agencies on the cutting edge of marketing innovation.