Author: Bella Hayes

U.Today – MicroStrategy (MSTR), the business intelligence firm, is in the news again. This time, there are speculations that the Michael Saylor-led firm plans to issue 10 billion MSTR shares to purchase an additional $3 trillion worth of (BTC). Analyst dispels MicroStrategy rumorsJeff Park, Head of Alpha Strategies at Bitwise Asset Management, proffered reasons not to believe the speculation in a post on X. Park’s tone suggests disbelief, given the unrealistic nature of such a move, and dismisses it outright.Primarily, the figure is staggeringly huge. To Park, it sounds absurd for a company to invest $3 trillion into an asset.…

MIAMI, FL AND LONDON, UK / ACCESSWIRE / December 24, 2024 / MGO Global Inc. (:MGOL), a digitally-native, lifestyle brand portfolio company, (“MGO,” “MGO Global” or the “Company”), today announced the closing of its previously announced public offering of 6,315,000 units at a public offering price of $0.95 per unit (the “Offering”). Each unit consisted of one share of common stock (or one pre-funded warrant to purchase one share of common stock in lieu thereof) and one common warrant to purchase one share of common stock. Gross proceeds from the Offering, before deducting placement agent’s fees and other offering expenses,…

NEW YORK, Dec. 24, 2024 (GLOBE NEWSWIRE) — At the end of the settlement date of December 13, 2024, short interest in 3,063 Global MarketSM securities totaled 11,912,589,852 shares compared with 11,857,580,215 shares in 3,065 Global Market issues reported for the prior settlement date of November 29, 2024. The mid-December short interest represents 2.65 days compared with 2.36 days for the prior reporting period. Short interest in 1,672 securities on The Nasdaq Capital MarketSM totaled 2,179,343,976 shares at the end of the settlement date of December 13, 2024, compared with 2,052,759,872 shares in 1,665 securities for the previous reporting period.…

Tuesday’s market has witnessed notable movements among various stocks, particularly in the mega-cap and large-cap categories. Stocks like Tesla Motors (NASDAQ:) and Avago Technologies (NASDAQ:) have experienced significant rallies, while others have also shown impressive gains. Here’s a rundown of some of the most prominent stock movers across different market cap ranges, highlighting their intra-day stock performance. Mega-Cap Movers (Market Cap $200B+):Tesla Motors (TSLA): +7.36%; YTD Price Total (EPA:) Return: 73.29%Avago Technologies (AVGO): +3.15%; YTD Price Total Return: 110.96% Wal-mart Stores (NYSE:): +2.58%; YTD Price Total Return: 73.99%Netflix, Inc. (NASDAQ:): +2.27%; YTD Price Total Return: 87.2% Morgan Stanley (NYSE:): +2.1%;…

TORONTO, Dec. 24, 2024 (GLOBE NEWSWIRE) — Fredonia Inc. (Fredonia or the Company) (TSXV:FRED) announces that it has filed a technical report for its wholly-owned El Dorado Monserrat (EDM) & Silver Project, Santa Cruz province, Argentina  (the “Technical Report”) pursuant to National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”). The Technical Report supports the disclosure made by the Company in its  November 11, 2024  news release announcing the Maiden Mineral Resource Estimate at El Dorado Monserrat Project, Argentina. The Technical Report is titled Maiden Mineral Resources Estimate on the El Dorado Monserrat Property, Gold and Silver Project…

By Medha Singh and David French (Reuters) -Wall Street’s main indexes advanced on Tuesday, as gains in a handful of megacap and growth stocks bolstered benchmarks in a truncated trading session before Christmas. With megacap stocks having outsized influence on markets, their performance is often a key driver of indexes. When coupled with reduced trading volumes and few other catalysts, as many investors take time off for the holidays, this is even more pronounced. All the so-called Magnificent Seven megacap stocks climbed on Tuesday, led by the 5.1% advance by Tesla (NASDAQ:). The automaker’s rise helped push the Consumer Discretionary…

In a turbulent market environment, VINC stock has reached a 52-week low, trading at a mere $0.18, marking a dramatic 98% decline from its 52-week high of $9.37. According to InvestingPro analysis, the stock appears undervalued at current levels. This significant downturn reflects a broader trend of investor caution, as the company grapples with challenges. While VINC maintains a healthy current ratio of 2.17 and holds more cash than debt, the company faces profitability hurdles with negative EBITDA of $28.12 million. The LifeSci Acquisition Corp, the entity behind VINC, has seen its shares plummet by -77.06% over the last 12…

LONDON–(BUSINESS WIRE)–Regulatory News: Pershing Square (NYSE:) Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (PSH) today announced that it has purchased, through PSH’s agent, Jefferies International Limited (Jefferies), the following number of PSH’s Public Shares of no par value (ISIN Code: GG00BPFJTF46) (the “Shares”): Total (EPA:) Buyback  Ticker/s:PSH (LSE); PSHD (LSE); PSH (XAMS)Date of Purchase:24 December 2024Number of Public Shares Purchased:15,364 SharesAverage Price Paid Per Share:48.11    Buyback Breakdown by Trading Venue  Trading Venue: London Stock Exchange (LON:)Ticker:PSHDate of Purchase:24 December 2024Number of Public Shares Purchased:11,324 SharesHighest Price Paid Per Share:3,850 pence / 48.33 USDLowest Price Paid Per Share:3,796 pence / 47.65 USDAverage…

In a challenging market environment, Hookipa Pharma Inc (NASDAQ:). has seen its stock price tumble to a 52-week low, touching down at $1.87. This significant downturn reflects a stark 73.47% decline over the past year, underscoring the biotechnology firm’s struggles amidst a competitive landscape and investor skepticism. According to InvestingPro analysis, the stock appears undervalued, with technical indicators suggesting oversold conditions. The company, which specializes in developing immunotherapies for infectious diseases and cancers, has faced headwinds that have eroded shareholder confidence, leading to a substantial contraction in its market valuation to $23 million. Despite these challenges, InvestingPro data shows the…

Tuesday’s trading session is showcasing significant intra-day stock movements within the mega-cap and large-cap categories. Stocks like Tesla Motors (NASDAQ:) and MicroStrategy Inc (NASDAQ:) are experiencing notable gains, while others continue to fluctuate. Here’s a look at some of the top stock movers, from the largest companies to smaller firms making waves. Mega-Cap Movers (Market Cap $200B+):Tesla Motors (TSLA): +4.4% Avago Technologies (NASDAQ:): +2.12% Large-Cap Stock Movers (Market Cap $10B-$200B):MicroStrategy Inc (MSTR): +5.91%Astera Labs (ALAB): +4.82%IBIT NASDAQ (IBIT): +4.77% Palantir Technologies Inc (NASDAQ:): +3.93%FBTC NYSE (FBTC): +5.01%Arm (ARM): +4.23%Reddit (RDDT): +3.93%Talen Energy Corp (TLN): +2.84%Rubrik (RBRK): +3.42% Mid-Cap Stock Movers…