Category: Market Commentary
Market Commentary

Support.com Inc. (SPRT) Stock Trends Lower Following Update on Pending Merger with Greenidge

Support.com Inc. (SPRT) stock prices were down by 9.05% as of the market closing on September 13th, 2021. This brought the price per share down to USD$19.10 at the end of the trading day. Subsequent premarket fluctuations saw the stock dip by 1.99%, bringing it down to USD$18.72. SPRT Stock’s Pending Merger September 13th, 2021 saw SPRT stock announce details about its pending merger transaction. The leader in customer and technical support solutions delivered by home-based employees will combine with Greenidge Generation Holdings Inc. the partnering company is a vertically integrated bitcoin mining and power generation company. The companies expect
Market Commentary

Skillful Craftsman Education Tech Ltd. (EDTK) Stock Exhibits Volatility as WTH Partnership Develops

Skillful Craftsman Education Tech Ltd. (EDTK) stock prices were up by 3.21% as of the market closing on September 13th, 2021. This brought the price per share up to USD$1.61 at the end of the trading day. Subsequent premarket fluctuations saw the stock dip by 9.94%, bringing it down to USD$1.45. EDTK Stock Partners with WTH August 10th, 2021 saw EDTK stock announce a strategic partnership with Wuxi Talent Home Information Technology Co., Ltd. (WTH). The collaboration will combine the company’s expertise in vocational education with WTH’s market leadership in regional flexible staffing. This is hoped to better serve both

MRIN Stock
Market Commentary

MiMedx Group Inc. (MDXG) Stock Plummets Following Failure of Clinical Trials to Meet Primary Endpoints

MiMedx Group Inc. (MDXG) stock prices plummeted by 59.75% some time after market trading commenced on September 13th, 2021. This brought the price per share down to USD$6.25. MDXG Stock Announces Topline Data September 13th, 2021 saw MDXG stock announce topline results from two late-stage muscoskeletal clinical trials. The trials were of the company’s micronized dehydrated Human Amnion Chorion Membrane. One was a Phase 2b clinical trial for the treatment of Knee Osteoarthritis, while the other was a Phase 3 clinical trial for the treatment of Plantar Fasciitis. Disappointing Results Topline results from the interim analysis of the six-month efficacy
Market Commentary

Hepion Pharmaceuticals Inc. (HEPA) Stock Trends Higher Following Success of AMBITION Trial Efficacy Data

Hepion Pharmaceuticals Inc. (HEPA) stock prices were up by 3.61% shortly after market trading commenced on September 13th, 2021. This brought the price per share up to USD$1.72 early on in the trading day. HEPA Stock’s AMBITION Trial September 13th, 2021 saw HEPA stock announce additional efficacy data from its Phase 2a AMBITION clinical trial. The study is a multicenter, randomized, placebo-controlled, single=blind Phase 2a trial. A total of 43 patients have been enrolled. The study was designed to evaluate the company’s CRV431 treatment. The treatment will be administered orally once a day at doses of 75 mg (n=12) and

CTVA Stock
Market Commentary

Farmmi Inc. (FAMI) Stock Exhibits Significant Volatility Following Proposed Underwritten Public Offering

Farmmi Inc. (FAMI) stock prices surged by 34.41% as of the market closing on September 10th, 2021. This brought the price per share up to USD$0.58 at the end of the trading day. Subsequent premarket fluctuations saw the stock plummet by 32.70%, bringing it down to USD$0.39. FAMI Stock’s Public Offering September 10th, 2021 saw FAMI stock announce its plans to offer ordinary shares of its common stock in an underwritten public offering. The offering will also see the shares of pre-funded warrants to purchase ordinary shares. The Chinese agricultural products supplier’s pre-funded warrants will be offered at the same
Market Commentary

Microsoft Corporation (MSFT) Announces Expansion of its Cloud gaming to Xbox

Microsoft Corporation (MSFT) is about to embark on a major milestone with its Xbox Cloud Gaming streaming service when its consoles support it later this year. The company announced this during its gamescom 2021 online event on Tuesday, announcing new games that would also be available in its subscription service. Shares of MSFT, which have risen 36% since the beginning of the year, ended Wednesday with a slight decline of -0.20%. Microsoft Corporation (MSFT) initially launched Xbox Cloud Gaming for PCs, smartphones, and tablets, and its console launch is expanding its paid subscriber audience. MSFT offers an Xbox Game Pass
Market Commentary

Teladoc Health Inc. (TDOC) Services are In Demand Despite Pandemic

It became clear that the services of Teladoc Health Inc. (NYSE: TDOC) remain in high demand after the acute phase of the coronavirus pandemic ended. The number of visitors continues to improve, but losses are increasing due to the recent purchase of Livingo. During the second quarter of 2021, Teladoc Health Inc. (TDOC) platform visitors increased by 21% year-over-year. Over the same period one year earlier, the company saw an increase of 16 percent in users. There are no signs of a drop in visitors after the most stringent lockdown, as some analysts predicted. Meanwhile, the appeals structure has changed.
Market Commentary

American Public Education, Inc. (APEI) Stock Plunges Following Q2 Earnings

American Public Education, Inc. (APEI) is down3.62% during premarket trading at the price of $27.96 after the release of the second-quarter report 2021. Second Quarter 2021 Earnings Beat the Expectations: On 9th August 2021, APEI released the second quarter 2021 report. Total revenue was reduced by 5% to $78.0 million for the second quarter of 2021. Total revenue of $82.1 million was reported in the second quarter of 2020.Net income for the second quarter of 2021 was $0.5 million, or $0.03 per diluted share. It was $6.7 million, or $0.45 per diluted share during the same period of 2020. The
Market Commentary

Is NeoPhotonics Corp. (NPTN) stock better pick right now?

NeoPhotonics Corp. (NYSE: NPTN), a telecommunications equipment manufacturer, recently released a positive quarterly report. Following the release, on August 4 the company’s share price rose 8.54% to $9.66. NPTN expects accelerated growth in the second half of 2021. During the second quarter last year, NeoPhotonics’ revenue rose by 7% compared to the first quarter, but fell by 37% compared to last year, when demand for cloud computing increased because of COVID-19. Net loss was $0.34 as compared to $0.21 last year. Despite the lack of year-over-year growth, the company exceeded Wall Street’s expectations. At the same time, the management of
Market Commentary

Wingstop Inc. (WING)’s profits surpass Wall Street predictions

Foodservice network Wingstop Inc. (NASDAQ: WING) announced second-quarter 2021 results Wednesday, July 28, beating Wall Street analysts’ forecasts. However, immediately after the results were released, the company’s prices fell about 3%. In the July 29 auction, the price of WING rose nearly 5% to $174.2. Wingstop, which specializes in a variety of chicken products, said revenue of $74 million, up 1% from the previous year and above analysts’ expectations. At the same time, same-store sales grew 2% year on year. It should be mentioned that in the past 12 months the company has opened 200 new restaurants. Additionally, restaurants began

News IMC are non-trivial topics and publications about how you make money and properly dispose of it. We tell about business and entrepreneurship, start-ups, success stories. We also specialize in economic news.

Quick Links

Categories

©2024, Fueled by Smart TechOne