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ARM IPO: Will ARM’s Chinese Business Affect the Funds Raised?
After looking through ARM’s IPO filing, it is clear that the company has a significant problem posed by its Chinese business, which Arm China operates. The chip manufacturer only owns 4.8% of Arm China via an indirect stake b
Alien Metals Shares Were Muted on Hancock Contractor Selection
The Alien Metals Ltd (LON: UFO) share price remained muted despite announcing that its Australian subsidiary Iron Ore Company of Australia Pty Ltd (IOCA) awarded REGROUP Australia as its preferred primary contractor.
Bluejay Mining Shares Plunged 21.4% on a £600K Capital Raise
The Bluejay Mining PLC (LON: JAY) share price plunged 21.4% after announcing that it had raised gross proceeds of £600,000 through the private placement of 60,000,000 shares to new shareholders for 1.0 pence per share.
Premier African (PREM) Shares Rose 14% on Zulu Project Update
The Premier African Minerals Ltd (LON: PREM) share price rose 13.95% after issuing an update about operations at its Zulu Lithium and Tantalum Project. The company noted that it expects the Zulu mine to produce spodumene that
GBPUSD Rallied Higher, Then Fell Heavily During the NA Session
The GBPUSD currency pair was trading down over 17 pips as the US dollar strengthened against the Sterling pound in the early American session. The currency pair had traded higher earlier today during the Asian and London sess
G Medical Innovations (GMVD) Stock Rallied 56.8% on Sentiment
The G Medical Innovations Holdings Ltd (NASDAQ: GMVD) stock price rallied 56.8% as of 6:30 EST despite the lack of news releases today. The GMVD stock rally was driven by upbeat investor sentiment towards the medical company,
Axcella Health (AXLA) Stock Surged 62% Despite a Lack of News
The Axcella Health Inc (NASDAQ: AXLA) stock price surged 62.4%, as of 8:25 EST, despite the lack of news releases from the biotech company today. Given the lack of current news releases, we have to look at recent announcemen
Arm IPO: Is Arm Worth $64Bn+ As the SoftBank CEO Claims?
Investors eagerly await the Arm IPO set for later this year, given that Arm is regarded as a crowning jewel in SoftBank’s Vision Fund. The Vision Fund wholly owns the company after the latest transaction, where the fund bough
UK Housebuilder Stocks Under Pressure – Here’s Why
UK housebuilders Persimmon (LON: PSN), Barratt Developments (LON: BDEV), Taylor Wimpey (LON: TW.), Redrow (LON: RDW), and others came under pressure Monday as the UK housing market continues to feel the effects of the uncerta
Lookers Shares Traded Sideways on Mixed H1 ’23 Interim Results
The Lookers PLC (LON: LOOK) share price traded sideways after releasing its unaudited interim results for the six months to 30 June 2023. The car dealership network generated revenues worth £2,419 million, marking an 8% impro
United Oil & Gas (UOG) Shares Edged 4% Higher on Board Change
The United Oil & Gas PLC (LON: UOG) share price edged 4% higher after announcing the resignation of its Chief Operating Officer (COO), Jonathan Leather, effective 31 August 2023. Jonathan has been with the company since i
Redx Pharma Shares Rose 5.28% on Board Change. What’s Next?
The Redx Pharma PLC (LON: REDX) share price rose 5.28% after announcing that Sarah Gordon-Wild, an independent non-executive director, had resigned as a member of the board and company director effective at the end of the fir
Powerhouse Energy (PHE) Shares Plunged 25% on £1M Fundraise
The Powerhouse Energy Group PLC (LON: PHE) share price plunged 25% after revealing that it had raised £1 million, before expenses, by issuing 200 million new shares priced at 0.5p each. Given the significant discount offered
Direxion 3x ETF (SOXL) Stock Price Has Fallen 16.5% in a Month
The Direxion Daily Semiconductor Bull 3X Shares ETF (NYSEARCA: SOXL) stock price has fallen 16.5% over the past month amid a pullback in the prices of Semiconductor stocks. However, the SOXL stock is still up 105.28% for the
Nvidia Stock Edged Higher As Banks Raised Their Price Targets
The NVIDIA Corp (NASDAQ: NVDA) share price edged 2.64% premarket after multiple investment banks raised their share price targets for the firm before its quarterly earnings report is released on Wednesday, August 23, 2023.
Crest Nicholson (CRST) Shares Plunged 14.3% on a Trading Update
The Crest Nicholson Holdings PLC (LON: CRST) share price plunged 14.3% after issuing a profit warning regarding its current fiscal year that ends on 31 October 2023. The company was experiencing a challenging trading environm
Boohoo Share Price Has Fallen 33.8% in Six Months. What’s Next?
The Boohoo Group PLC (LON: BOO) share price has fallen 33.75% over the past six months as investor sentiment towards the fashion industry remains muted. The fast fashion retailer’s share price is now trading near a significan
Polymetal Share Price Rallied 26.6% on Plans To Exit Russian Ops
The Polymetal International PLC PK (LON: POLY) share price rallied 26.56% after its CEO, Vitaly Nesis, announced plans to sell its Russian operations within six months. The CEO noted that the company expects significant benef
Neptune Wellness (NEPT) Stock Soared 113% on Q1 2024 Results
The Neptune Wellness Solutions Inc (NASDAQ: NEPT) stock price soared 112.6%, as of 9:35 EST, after releasing its Q1 2024 financial results. The consumer packaged goods (CPG) company revealed that its gross profit margins for
Avalo Therapeutics (AVTX) Stock Rallied 18.7% Despite No News
The Avalo Therapeutics Inc (NASDAQ: AVTX) stock price rallied 18.7% as of 8:15 EST despite the lack of news releases from the clinical-stage biotechnology company. The last significant announcement from Avalo was on August 3,
