Stockwinners Market Radar for August 18, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NVTA | Hot Stocks20:34 EDT Cathie Wood's ARK Investment bought 496K shares of Invitae today
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DNA | Hot Stocks20:33 EDT Cathie Wood's ARK Investment bought 1.14M shares of Ginkgo Bioworks today
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RIOT... | Hot Stocks20:30 EDT Bitcoin falls to one-week low below $23,000 - Publicly traded companies in the crypto space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Blockchain (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).
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BLIN | Hot Stocks19:45 EDT Bridgeline Digital CEO buys $131K in common stock - n a regulatory filing, Bridgeline Digital disclosed that its CEO Roger Kahn bought 94.7K shares of common stock on August 17th in a total transaction size of $130.9K.
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MRAI | Hot Stocks19:15 EDT Marpai director buys $138K in common stock - In a regulatory filing, Marpai disclosed that its director Yaron Eitan bought 175K shares of common stock on August 18th in a total transaction size of $138.3K.
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OVBC | Hot Stocks19:01 EDT Ohio Valley Banc Corp announces extension of buyback program - Ohio Valley Banc Corp announced the Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2023. The program was originally approved by the board in 2021 and was set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5 million in shares of the company's outstanding common stock.
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AGIO | Hot Stocks18:44 EDT Agios Pharmaceuticals' Pyrukynd shows efficacy in pyruvate kinase deficiency - Agios Pharmaceuticals announced that data from the core period of the pivotal Phase 3 ACTIVATE-T study of Pyrukynd - mitapivat - in adults with pyruvate kinase - PK - deficiency who receive regular transfusions were published on August 18 in The Lancet Haematology. Pyrukynd is a first-in-class, oral PK activator and the first and only approved disease-modifying treatment for this rare, debilitating, lifelong hemolytic anemia. "The results of the ACTIVATE-T study confirm that treatment with mitapivat substantially reduced the need for transfusions in PK deficiency patients who regularly receive them," said Andreas Glenthoj, investigator in the Phase 3 study. The ACTIVATE-T study met its primary endpoint, with 10 of 27 patients receiving Pyrukynd achieving a transfusion reduction response compared with individual historical transfusion burden. Nine of these responders achieved a greater than or equal to 50% reduction. The safety profile of mitapivat was consistent with previously reported data. No serious adverse events were considered by the investigator to be related to study treatment, and only one patient experienced an adverse event leading to dose reduction. Pyrukynd was approved in February by the FDA for the treatment of hemolytic anemia in adults with PK deficiency and is also under review by the EMA as a potential treatment for adults with PK deficiency, and Agios expects a regulatory decision in the EU by the end of 2022. Both the FDA and EMA have granted orphan drug designation to Pyrukynd in PK deficiency.
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ATCO | Hot Stocks18:30 EDT Atlas Corp. board forms committee of directors to consider take-private proposal - Atlas "announced that its board of directors has already formed a special committee of independent directors to evaluate the unsolicited non-binding proposal from Poseidon Acquisition Corp. received by the Board on August 4, 2022. The special committee has already retained Morgan Stanley & Co. LLC as its financial advisor, and also has already retained legal counsel, in connection with its evaluation of the proposal."
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VSTO | Hot Stocks18:28 EDT Vista Outdoor awarded $114.8M U.S. Army contract - Vista Outdoor Sales was awarded a $114,813,500 firm-fixed-price contract for the 5.56 mm Semi-Jacketed Frangible Cartridge, MK311 MOD 3 ammunition. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 17, 2027.
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GNRC | Hot Stocks18:26 EDT Generac CEO: The Inflation Reduction Act benefits us - In an interview on CNBC's Mad Money, Aaron Jagdfeld said, "We've put together what we call a smart energy home system. We want to put the control of energy in the consumer's hands." The company's legacy is backup power generation. Power outages tend to "move the needle" he added. Grid operators may not be able to handle demand and that makes Generac's products attractive, he noted.
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CBOE | Hot Stocks18:08 EDT Cboe Global Markets increases quarterly dividend 4% to 50c per share - Cboe Global Markets has declared an increased quarterly cash dividend of 50c per share of common stock for Q3, representing a 4% increase from the prior quarter's dividend of 48c per share. The Q3 dividend is payable on September 15 to stockholders of record as of August 31.
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FELE | Hot Stocks18:07 EDT Franklin Electric CEO sells $1.9M in common stock - In a regulatory filing, Franklin Electric disclosed that its CEO Gregg C. Sengstack sold 20K shares of common stock on August 16th in a total transaction size of $1.9M.
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KOD | Hot Stocks17:49 EDT Kodiak Sciences announces upcoming presentations of Tarcocimab Tedromer data - Kodiak Sciences "announced that results from the Phase 3 BEACON study in Retinal Vein Occlusion of its investigational therapy tarcocimab tedromer will be presented at two upcoming ophthalmology conferences: the 22nd EURETINA Congress in Hamburg, Germany, and the 2022 American Academy of Ophthalmology Meeting in Chicago, Illinois."
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EXK | Hot Stocks17:35 EDT Endeavour Silver announces passing of executive chairman Bradford Cooke - Endeavour Silver Corp. announced that the company's founder, Director and Executive Chairman, Bradford Cooke passed away suddenly and unexpectedly in Vancouver, BC at the age of 67. Dan Dickson, CEO of Endeavour stated, "We are incredibly saddened by this sudden loss. Brad was extremely loyal to his people. He will be sincerely missed and always remembered by a large group of family and friends around the world. I have known and worked with Brad for 15 years and I consider him my dear friend. I will always remember him for his passion, commitment and hard-working attitude. With his vibrant energy, he strove to bring out the best in those who worked with him."
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MSGE | Hot Stocks17:24 EDT MSG Entertainment board authorizes management to explore potential spin-off - Madison Square Garden Entertainment announced that its board of directors has authorized the Company's management to explore a potential spin-off that would create a separately-traded public company comprised of its traditional live entertainment business - which includes a diverse collection of performance venues, entertainment and sports bookings and the Christmas Spectacular production - and the MSG Networks business. The proposed spin-off would separate these businesses from the Company's MSG Sphere and Tao Group Hospitality businesses. The potential transaction would provide shareholders with greater investment choice and visibility into each company's businesses and growth prospects, while enabling both companies to pursue distinct business and capital allocation strategies. If the Company proceeds with the separation, it would be structured as a tax-free spin-off to all MSGE shareholders. In the first step of the transaction, record holders of MSGE Class A and Class B common stock would receive a pro-rata distribution expected to be equivalent, in aggregate, to an approximately two-thirds economic interest in the live entertainment and media company. The remaining approximately one-third economic interest in the live entertainment and media company would be retained by MSG Entertainment. Reference Link
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WPM GLNCY | Hot Stocks17:22 EDT Wheaton Precious Metals to terminate existing silver stream on Yauliyacu Mine - Wheaton Precious Metals (WPM) "is announcing that it has entered into a definitive agreement with certain subsidiaries of Glencore plc (GLNCY) to terminate its silver stream on the Yauliyacu Mine in Peru for a cash payment of $150M, less the aggregate value of any deliveries to Wheaton of silver produced in 2022 prior to closing. Wheaton has agreed to terminate the stream in order to help facilitate the sale by Glencore of the Yauliyacu Mine."
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SBUX | Hot Stocks17:14 EDT Starbucks confirms COO John Culver to step down - In a regulatory 8-K filing, Starbucks states: "In connection with a redesign of the organizational structure at Starbucks Corporation, the chief operating officer role is being eliminated, effective as of October 1, 2022, and John Culver will be departing from the role of group president, North America and chief operating officer on such date. Mr. Culver will serve in an advisory capacity to Starbucks through January 1, 2023."
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DRTT | Hot Stocks17:07 EDT Dirtt Environmental appoints Brad Little as CFO - Dirtt Environmental has appointed Brad Little as its new CFO, effective August 23. Little brings over 20 years of experience in finance with companies including Black Mountain Sand, Cornerstone Building Brands, Willbros, Technip, and PricewaterhouseCoopers. Dirtt's outgoing CFO, Geoffrey Krause, recently announced his intention to retire from the company effective September 30.
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ALL | Hot Stocks17:05 EDT Allstate names Jess Merten as CFO, succeeding Mario Rizzo - The company states: "Glenn Shapiro, who has successfully led the Property-Liability businesses since 2018, has decided to retire, having led the initiation of Transformative Growth and rapidly adapted to the impacts of inflation on auto insurance margins. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade."
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WMPN | Hot Stocks17:03 EDT William Penn Bancorp announces third stock repurchase program - William Penn Bancorporation announced that the company's Board of Directors has authorized a new stock repurchase program to acquire up to 739,385 shares, or approximately 5.0%, of the company's currently issued and outstanding common stock, commencing upon the completion of the company's existing stock repurchase program. The new stock repurchase program was adopted following the company's consultation with the Federal Reserve Bank of Philadelphia. On June 9, 2022, the company announced its second stock repurchase program, which became effective upon the completion of the company's first stock repurchase program and authorized the purchase of up to 771,445 shares. Under this previously announced program, 117,293 shares of common stock have been repurchased at a cost of $1,353,323, or $11.54 per share. As of August 17, 2022, there are 654,152 shares remaining to be repurchased under this existing program. On March 11, 2022, the company announced its first stock repurchase program, which became effective on March 25, 2022 and authorized the purchase of up to 758,528 shares. Under this previously announced program, 758,528 shares of common stock have been repurchased at a cost of $8,981,445, or $11.84 per share. The company completed this repurchase program during the quarter ended June 30, 2022.
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KRYS | Hot Stocks17:02 EDT Krystal Biotech's BLA for dystrophic epidermolysis bullosa accepted by FDA - Krystal Biotech announced that the FDA has accepted for filing the company's Biologics License Application - BLA - for B-VEC for the treatment of patients with dystrophic epidermolysis bullosa. The application has been granted Priority Review designation, and the Prescription Drug User Fee Act action date is February 17, 2023. The FDA stated that it is not currently planning to hold an advisory committee meeting to discuss the application. B-VEC was previously granted Fast Track designation and Regenerative Medicine Advanced Therapy by the FDA for the treatment of DEB. The company plans to submit a marketing authorization application to the EMA in the second half of 2022.
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HEPS | Hot Stocks17:01 EDT Hepsiburada regains compliance with Nasdaq minimum bid price requirement - Hepsiburada announced that on August 17, 2022 it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that the company has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5450(a)(1). For the prior 10 consecutive business days, the closing bid price of the company's American depositary shares, each representing one Class B ordinary share of the company, had been at $1.00 per ADS or greater. Nasdaq indicated within the letter that this matter is now closed.
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HD | Hot Stocks17:01 EDT Home Depot announces new $15B share repurchase program - The board of directors authorized a new $15B share repurchase program, replacing its previous authorization.
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BBBY | Hot Stocks16:47 EDT Bed Bath & Beyond now down 33% to $12.45 after RC Ventures exits 11.8% stake
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GOOG GOOGL | Hot Stocks16:39 EDT Google makes updates to Search to deal with clickbait and improve relevancy - Google is making updates to Search to address clickbait and improve the relevancy of search results. Danny Sullivan Public Liaison for Search, blogged in part earlier: "The company said Many of us have experienced the frustration of visiting a web page that seems like it has what we're looking for, but doesn't live up to our expectations. The content might not have the insights you want, or it may not even seem like it was created for, or even by, a person...Next week, we'll launch the "helpful content update" to tackle content that seems to have been primarily created for ranking well in search engines rather than to help or inform people...We know product reviews can play an important role in helping you make a decision on something to buy. Last year, we kicked off a series of updates to show more helpful, in-depth reviews based on first-hand expertise in search results." Reference Link
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BLTS | Hot Stocks16:37 EDT Bright Lights Acquisition and Manscaped agree to terminate business combination - Bright Lights Acquisition and Manscaped, a global consumer lifestyle brand specializing in men's grooming and self-care, are mutually terminating their previously announced Business Combination Agreement, effective immediately, as they found that current market conditions have made it unworkable to complete the merger.
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MSGE | Hot Stocks16:33 EDT MSG Entertainment board approves exploration of potential spin-off - Madison Square Garden Entertainment Corp. announced that its board has authorized the company's management to explore a potential spin-off that would create a separately-traded public company comprised of its traditional live entertainment business - which includes a diverse collection of performance venues, entertainment and sports bookings and the Christmas Spectacular production - and the MSG Networks business. The proposed spin-off would separate these businesses from the Company's MSG Sphere and Tao Group Hospitality businesses. The potential transaction would provide shareholders with greater investment choice and visibility into each company's businesses and growth prospects, while enabling both companies to pursue distinct business and capital allocation strategies. If the company proceeds with the separation, it would be structured as a tax-free spin-off to all MSGE shareholders. In the first step of the transaction, record holders of MSGE Class A and Class B common stock would receive a pro-rata distribution expected to be equivalent, in aggregate, to an approximately two-thirds economic interest in the live entertainment and media company. The remaining approximately one-third economic interest in the live entertainment and media company would be retained by MSG Entertainment. Those retained shares would then be available 1) for use in a tax-free exchange offer for the common stock of MSG Entertainment, 2) to raise capital for general corporate purposes, and/or 3) for use in a follow-on pro-rata spin-off to MSGE shareholders.
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MUSA | Hot Stocks16:31 EDT Murphy USA increases quarterly dividend 3% - The board of Murphy USA declared a quarterly cash dividend on the common stock of Murphy USA of 32c per share, or $1.28 per share on an annualized basis, reflecting a 3% increase from the prior quarter. The dividend is payable on September 8 to stockholders of record as of August 30.
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BBBY | Hot Stocks16:28 EDT Bed Bath & Beyond drops 20% to $14.60 after RC Ventures exits stake
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BBBY | Hot Stocks16:27 EDT RC Ventures exits stake in Bed Bath & Beyond - As of 8/16/22, RC Ventures held an 11.8% stake in Bed Bath & Beyond.
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AMC CNNWF | Hot Stocks16:19 EDT AMC CEO says Q3 film slate 'relatively weak,' 'quite optimistic' about Q4 demand - AMC (AMC) Chairman and CEO Adam Aron said, "Yesterday Cineworld (CNNWF), which is the world's second-largest movie theater circuit, issued a public statement that it anticipates low levels of admissions until November 2022, which are expected to negatively impact its liquidity position in the near-term." Aron continued, "At AMC, as we have publicly disclosed previously, the film slate in the third quarter of 2022 is expected to be relatively weak. However, we continue to be quite optimistic about the increasing demand for our portfolio of movie theatres in the fourth quarter of 2022 and calendar year 2023." Aron added, "As for AMC's liquidity, AMC ended the second quarter of 2022 with more than $1 billion of liquidity, thanks to significant amounts of cash raised in calendar years 2020 and 2021. Our new AMC Preferred Equity security, which begins trading on the New York Stock Exchange on Monday August 22, 2022, should also make us a much stronger company." Aron concluded, "Accordingly, we remain confident about AMC's future."
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AVNW CRNT | Hot Stocks16:17 EDT Aviat Networks nominees for Ceragon Networks board recommended by Glass Lewis - Aviat Networks (AVNW) announced that independent proxy advisory firm Glass Lewis has recommended that shareholders of Ceragon Networks (CRNT) vote for the removal of three members of Ceragon's Board of Directors, Yael Langer, Ira Palti, and David Ripstein, at the upcoming Extraordinary General Meeting of Shareholders on August 23. Glass Lewis also recommended that Ceragon shareholders vote for three of Aviat's nominees, Paul Delson, Jonathan F. Foster, and Dennis Sadlowski. In its August 17 report, Glass Lewis questioned the independence and objectivity of the three directors Aviat seeks to remove and questioned the motives behind their refusal to engage with Aviat: "We believe Aviat has identified valid concerns regarding the independence and objectivity of the current Ceragon board...We note further that three of the company's seven directors are either affiliated with the company or are insiders...Ultimately, we are concerned that these apparent conflicts may have manifested themselves in the board's recent evaluation of Aviat's acquisition proposal...we believe Aviat has provided evidence to establish sufficient concern that its advances may have been rebuffed by the Ceragon board for reasons other than what we consider are in the best interests of shareholders...We believe there is suitable cause for investors to support Board change at this time." Glass Lewis also says, "Purely from a valuation perspective, we believe Aviat's revised proposal is sufficiently within a range of fair value to warrant more serious, advanced and constructive discussions...During the five years preceding Aviat's offer, Ceragon delivered a negative return of -16.4%, while Aviat generated a return of 180.8% and the other five peer companies delivered an average return of 63.3%...Were Ceragon shareholders to hitch their wagons to Aviat, which Aviat's proposal enables them to do via the stock component of the offered consideration, they might find themselves better off."
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BWB | Hot Stocks16:17 EDT Bridgewater Bancshares board approves up to $25M share buyback - Bridgewater Bancshares announced that its Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $25M of its common stock. The 2022 Stock Repurchase Program replaces and supersedes the existing $40M stock repurchase program originally announced in January 2019, under which approximately $1.6M of Bridgewater's common stock remained authorized for repurchase as of August 17, 2022. Bridgewater repurchased approximately $1.6M of common stock from the 2019 Stock Repurchase Program during the third quarter of 2022. The 2019 Stock Repurchase Program was originally scheduled to expire in October 2022.
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CRXT | Hot Stocks16:17 EDT Clarus says reducing staff and other expenses due to 'difficult' environment - "Although Clarus delivered another quarter of steady growth in net revenue driven by demand for JATENZO," said Dr. Robert Dudley, President and Chief Executive Officer of Clarus, "it is important for us to make certain strategic changes to our business due to the difficult financing environment we face. These changes will include staff reductions at all levels, including field sales personnel, coupled with significant reductions in promotional and other operational spend, including in our planned research and development activities. Despite these difficult choices, we believe it is the responsible course of action. I would like to extend my sincere gratitude and thanks to all of Clarus' staff for their significant contributions and unwavering commitment to advancing Clarus' mission. In particular, I want to thank Ric Peterson, who is transitioning out of his role as Chief Financial Officer. Steve Bourne, Clarus' Chief Administrative Officer (and former Chief Financial Officer), will become Clarus' Chief Financial Officer." Additionally, in its release, the company said "Continued to explore strategic alternatives to maximize stockholder value."
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AGX | Hot Stocks16:16 EDT Argan CEO Bosselmann retires, Watson named next CEO - Argan announced that Rainer H. Bosselmann, Founder, Chairman and Chief Executive Officer retired effective August 16, 2022. The Board of Directors of Argan has appointed David H. Watson to succeed Bosselmann as President and Chief Executive Officer and Watson will also join the Board. "On behalf of the Board, the management team, and Argan's employees, we want to thank Rainer for his leadership and significant, positive impact over almost two decades with the organization," said James Quinn, Argan's lead independent board member. "A steadfast and conservative leader, Rainer founded Argan in 2003 and fostered the management team that is in place today. During his tenure, he played a significant role in transforming the Company from a small, $30 million company to an international business with annual revenues and a market cap that exceed $500 million today. He built up the balance sheet, focused on margins, empowered employees throughout the organization and returned to shareholders approximately $175 million in dividends and $75 million in share repurchases. In addition, Rainer was instrumental in the evolution of Argan with the transformative acquisition of Gemma Power Systems in 2006. The Board is sincerely grateful to Rainer for his dedication to Argan and positive impact on shareholder value. We are all thankful that he has agreed to continue serving as a member of the Board."
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HOOD | Hot Stocks16:10 EDT Robinhood reports Net Cumulative Funded Accounts at July-end 22.9M - Robinhood Markets reported selected monthly operating data for July: Net Cumulative Funded Accounts NCFA at the end of July were 22.9M, unchanged from the end of June 2022. Monthly Active Users,MAU, at the end of July were 13.2M, down 0.8 M from the end of June 2022. Assets Under Custody or AUC, at the end of July were $74.6B, up 16% from the end of June 2022. Net Deposits were $0.7 Billion in July, translating to a 12% annualized growth rate relative to June 2022 Assets Under Custody, bringing the total over the last twelve months to $17.4B, which translates to an annual growth rate of 18% relative to July 2021 Assets Under Custody.Total Trading Volumes in July were down slightly from June 2022. Equities were $49B, down 3%, Option contracts were 67M ,down 2%, and Cryptocurrencies were $6B, down 1%.
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BILL | Hot Stocks16:10 EDT Bill.com names Sofya Pogreb COO - Bill.com announced that Irana Wasti has joined the company as Chief Product Officer and Sofya Pogreb has joined as Chief Operating Officer. Both executives will be reporting directly to CEO and Founder, Rene Lacerte. "We are thrilled to have Irana and Sofya join the team. Their experience building product and operational capabilities that support SMBs globally is invaluable," said Rene Lacerte, CEO and Founder of Bill.com. "We look forward to both of their contributions as we continue to build a company that is automating the future of finance so that businesses can flourish."
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ODC | Hot Stocks16:08 EDT Oil-Dri Corporation of America announces price increases on cat litter products - Oil-Dri Corporation of America announced that it will increase prices for its cat litter products effective October 17. These pricing actions will apply to branded and private label cat litter items sold within the United States and Canada. These pricing measures are part of the company's response to substantial inflation on commodities, transportation, labor, and other manufacturing costs. Rapidly rising capital improvement costs are also factored into these price increases. Investments in our manufacturing infrastructure are essential to keep up with the rising demand of Oil-Dri's cat litter products.
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AGLE | Hot Stocks16:07 EDT Aeglea BioTherapeutics: MAA for pegzilarginase validated by EMA - Aeglea BioTherapeutics announced that a Marketing Authorization Application for pegzilarginase for the treatment of Arginase 1 Deficiency has been submitted to and successfully validated by the European Medicines Agency. The MAA was submitted by Immedica Pharma AB, Aeglea's commercialization partner in Europe and the Middle East. Pegzilarginase is a novel, recombinant human arginase 1 enzyme that in clinical trials has been shown to normalize the elevated levels of the amino acid arginine in patients with ARG1-D, a rare, progressive disease characterized by high levels of arginine. People living with ARG1-D experience severe spasticity-related mobility limitations, seizures, developmental delay, intellectual disability, and early mortality.
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HBT | Hot Stocks16:07 EDT HBT Financial appoints Peter Chapman CFO - HBT Financial, the holding company for Heartland Bank and Trust Company, announced that Matthew Doherty, executive VP and CFO, will step down from the CFO position on December 31, but will remain with Heartland Bank serving as Treasurer as a step in Doherty's eventual retirement from the company. Peter Chapman, previously the executive VP and CFO of Great Western Bancorp, will join the company on October 1, after relocating to the Bloomington, Illinois area, and assume the role of CFO on January 1, 2023.
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HD | Hot Stocks16:06 EDT Home Depot names Ted Decker Chair of the Board - The Home Depot announced that its Board of Directors has elected CEO and President Edward "Ted" Decker as chair of the board, effective Oct. 1. He will succeed Craig Menear, who will retire as chair effective Sept. 30. Decker, a 22-year veteran of The Home Depot, was named CEO in March. He was named president and COO in October 2020. Decker joined The Home Depot in 2000 as a director of business valuation and has held numerous strategic positions across the company
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ROKU | Hot Stocks16:06 EDT Roku announces three new Roku TV partners in Mexico - Roku announced the arrival of new Roku TV brands in Mexico: Aiwa, Daewoo, and Sansui. This builds on the Roku TV offering currently available in the country, adding more options for consumers looking for the perfect Roku TV for their family, lifestyle, and home, the company said. "We are very pleased to welcome Aiwa, Daewoo, and Sansui with new Roku TV models in Mexico to bring the best entertainment to homes across the country and strengthening Roku's entertainment offering," said Arthur Van Rest, VP, International of Roku. "With 12 TV brands now offering Roku TV models, consumers will be able to find the perfect Roku TV for their needs that allows them to experience a true smart TV with the incredible features that our televisions offer and enjoy their favorite content and the thousands of free and paid channels on the Roku platform.
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GLPG | Hot Stocks16:04 EDT Galapagos receives transparency notification from FMR - Pursuant to Belgian transparency legislation , Galapagos received a transparency notification on 15 August from FMR , who notified that it holds 3,740,842 of Galapagos' voting rights, consisting of 3,740,842 ordinary shares. FMR controls investment funds FIAM Holdings , Fidelity Management & Research Company , Fidelity Management Trust Company and Strategic Advisers of which Fidelity Management & Research Company increased its position to 3,303,128 voting rights, and no longer holds any equivalent financial instruments, and Strategic Advisers decreased its position to 10,082 voting rights. FMR's holding of 3,740,842 Galapagos' voting rights represents 5.69% of Galapagos' currently outstanding 65,728,511 shares. FMR thus remains above the 5% threshold of Galapagos' voting rights considering the change in the nature of holdings.
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ORN | Hot Stocks16:01 EDT Orion Group appoints Travis Boone CEO - Orion Group Holdings announced that Travis Boone has been named president and CEO and member of the board, effective September 12. Austin Shanfelter will step down as interim CEO at that time and will continue to serve as Orion's executive chairman during a short transition period. Boone served as a regional Chief Executive of AECOM and legacy companies since May 2017 and other key positions since 1999.
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GROV | Hot Stocks16:00 EDT Grove Collaborative Holdings Inc trading resumes
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GROV | Hot Stocks15:52 EDT Grove Collaborative Holdings Inc trading halted, volatility trading pause
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DRUG | Hot Stocks15:37 EDT Bright Minds Biosciences comments on recent trading activity - Bright Minds Biosciences is issuing the following statement in response to a request by the Investment Industry Regulatory Organization of Canada to comment on recent trading activity of its stock. "The company is not aware of any material, undisclosed corporate developments and has no material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in volume or price. In accordance with applicable disclosure requirements, the company will advise the market of material changes, if any when they occur."
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DIOD | Hot Stocks15:12 EDT Diodes Chairman Keh-Shew Lu sells $249K in company shares - Diodes Chairman Keh-Shew Lu disclosed in a regulatory filing that he had sold 3,000 shares of company stock at $83.11 per share on August 16, for a total transaction amount of $249,331.
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BVNRY... | Hot Stocks14:54 EDT Bavarian Nordic expands monkeypox vaccine capacity with U.S. agreement - Bavarian Nordic (BVNRY) announced today that the company has entered into an agreement with Grand River Aseptic Manufacturing, a U.S. based contract manufacturer, for fill and finish of Jynneos smallpox/monkeypox vaccine. As announced on July 15, Bavarian Nordic received an additional order for 2.5M doses the vaccine from the U.S. Biomedical Advanced Research and Development Authority, a part of the Administration for Strategic Preparedness and Response, which will be filled at Grand River using bulk vaccine already manufactured and invoiced under previous contracts with BARDA. Combined with previous orders, BARDA has requested a total of 5.5M doses for delivery in 2022 and 2023. The tech transfer of the production process to Grand River has already been initiated. "The aim is to complete the tech transfer within three months - a process which could normally take up to nine months, thus enabling GRAM to start manufacturing later this year," Bavarian Nordic said in a statement. Chimerix (CMRX) and Siga Technologies (SIGA), other smallpox vaccine makers, are lower in afternoon trading. Reference Link
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MEGL | Hot Stocks13:16 EDT MEGL Stock trading resumes
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MEGL | Hot Stocks13:11 EDT MEGL Stock trading halted, volatility trading pause
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EGRX | Hot Stocks12:56 EDT Eagle says Federal Circuit affirmed favorable vasopressin ruling - Eagle Pharmaceuticals announced that the U.S. Court of Appeals for the Federal Circuit affirmed the U.S. District Court for the District of Delaware's decision that Eagle's vasopressin product does not infringe on any of the patents asserted by Par Pharmaceutical. Par previously sued Eagle in 2018, alleging infringement of several of its patents and a trial was held in July 2021. The District Court held that Eagle did not infringe on any of Par's patents, and Par appealed. Today, the Federal Circuit issued its decision rejecting Par's arguments and affirming the District Court's finding of non-infringement, Eagle said in a statement. Eagle was the first to file an Abbreviated New Drug Application referencing Vasostrict. On December 15, 2021, the Food and Drug Administration approved Eagle's ANDA for vasopressin, a product that is indicated for use to increase blood pressure in adults with vasodilatory shock who remain hypotensive despite fluids and catecholamines. Eagle commenced marketing its product in January 2022.
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BEN | Hot Stocks12:43 EDT Franklin Resources CEO Johnson sells 55,201 common shares - In a regulatory filing, Franklin Resources president and CEO Jennifer Johnson disclosed the sale of 55,201 common shares of the company on August 16 at a price of $28.7533 per share.
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PFE... | Hot Stocks12:11 EDT Pfizer, BioNTech, Moderna trade lower after WSJ report on U.S. COVID plans
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MRNA | Hot Stocks12:10 EDT Moderna drops 5% after WSJ says U.S. planning to end COVID shot payment
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TKC | Hot Stocks12:09 EDT Turkcell trading resumes
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VALN | Hot Stocks12:02 EDT Valneva initiates rolling FDA submission of chikungunya vaccine - Valneva announces that it has initiated rolling submission of the Biologics License Application to the Food and Drug Administration seeking approval of the company's single-shot chikungunya vaccine candidate in persons aged 18 years and above. Valneva is currently targeting the end of 2022 for completion of the BLA submission. The rolling BLA submission is part of the accelerated approval pathway agreed upon with the FDA in 2020.
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APRN | Hot Stocks12:00 EDT Blue Apron falls -11.2% - Blue Apron is down -11.2%, or -64c to $5.05.
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RAD | Hot Stocks12:00 EDT Rite Aid falls -11.8% - Rite Aid is down -11.8%, or -$1.23 to $9.28.
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CURV | Hot Stocks12:00 EDT Torrid falls -13.7% - Torrid is down -13.7%, or -$1.03 to $6.50.
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ENLC | Hot Stocks12:00 EDT EnLink Midstream rises 13.0% - EnLink Midstream is up 13.0%, or $1.28 to $11.12.
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WOLF | Hot Stocks12:00 EDT Wolfspeed rises 29.2% - Wolfspeed is up 29.2%, or $25.04 to $110.69.
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CDR | Hot Stocks12:00 EDT Cedar Realty Trust rises 206.6% - Cedar Realty Trust is up 206.6%, or $19.52 to $28.98.
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THQQF | Hot Stocks11:45 EDT Embracer Group to acquire 'Maneater' developer Tripwire - Embracer Group has entered into an agreement to acquire 100 percent of the shares of U.S. developer and publisher Tripwire Interactive from its four current owners. Tripwire Interactive is well-known for the "Killing Floor" and "Rising Storm" series and their recent best-seller "Maneater," as well as their publishing division Tripwire Presents. "Tripwire is a unique studio. Since their founding in 2005, they have grown, through tremendous leadership and vision, into one of the last great independent developers. I have looked up to Tripwire as an example of how to design and execute on games. Saber has Tripwire to thank for many of our own successes and I am proud to welcome them into our family," said Matthew Karch, CEO of Saber Interactive. Within the Embracer Group, Tripwire Interactive will operate as a subsidiary under the Saber Interactive operative group. Post transaction business will remain as usual with the team focused on developing future projects. The parties have agreed not to disclose specific terms due to commercial reasons. The terms and conditions for the acquisition are in line with previous Embracer transactions.
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THQQF | Hot Stocks11:44 EDT Embracer Group acquires 'Teardown' developer Tuxedo Labs - Embracer Group has acquired 100% of the shares of Swedish developer Tuxedo Labs. Tuxedo Labs is best known for creating the hit voxel-based destruction PC game "Teardown." Embracer adds Dennis Gustafsson, Tuxedo Labs' founder and CTO, who is a highly technical visionary with a specialty in physics, and his team of 5. "Tuxedo Labs has created revolutionary technology that opens up vast possibilities for emergent gameplay and user-created content. Their hit title Teardown has the potential to become the standard-bearing platform for physics simulation in games. Many of us at Saber and our subsidiary 3D Realms have worked with Dennis since the mid-2000's. We are super excited to welcome Dennis, their CEO Marcus Dawson, and the rest of the Tuxedo Labs team into the Embracer family," said Matthew Karch, CEO of Saber Interactive. The parties have agreed not to disclose specific terms due to commercial reasons. The purchase price contains an upfront part and a long-term potential earn-out. The terms and conditions for the acquisition are in line with previous Embracer transactions. Founder Dennis Gustafsson is committed to Tuxedo Labs and the company will focus on growing in Malmo, Sweden. Post transaction business will remain as usual, with the team focused on expanding "Teardown."
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THQQF | Hot Stocks11:43 EDT Embracer Group acquires IP rights to The Lord of the Rings, The Hobbit - Embracer Group, through its wholly owned subsidiary Freemode, has entered into an agreement to acquire Middle-earth Enterprises, a division of The Saul Zaentz Company, which owns a vast intellectual property catalogue and worldwide rights to motion pictures, video games, board games, merchandising, theme parks and stage productions relating to the iconic fantasy literary works The Lord of the Rings trilogy and The Hobbit by J.R.R. Tolkien, as well as matching rights in other Middle-earth-related literary works authorized by the Tolkien Estate and HarperCollins, which have yet to be explored. "I am truly excited to have The Lord of the Rings and The Hobbit, one of the world's most epic fantasy franchises join the Embracer family, opening up more transmedia opportunities including synergies across our global group. I am thrilled to see what lies in the future for this IP with Freemode and Asmodee as a start within the group. Going forward, we also look forward to collaborating with both existing and new external licensees of our increasingly stronger IP portfolio," says Lars Wingefors, Founder and Group CEO Embracer Group. Key upcoming works set in Middle-earth, in which Middle-earth Enterprises has financial interests, include the much-heralded Amazon series The Lord of the Rings: Rings of Power which will premiere on September 2, 2022, set thousands of years before The Hobbit and The Lord of the Rings; the animated movie The Lord of the Rings: The War of the Rohirrim, set for release in 2024, and the mobile game The Lord of the Rings: Heroes of Middle-earth. The parties have agreed not to disclose specific terms of the transaction due to commercial reasons.
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THQQF | Hot Stocks11:42 EDT Embracer Group to acquire Singtrix, terms not disclosed - Embrace Group, through its wholly owned subsidiary Freemode, has entered into an agreement to acquire Singtrix LLC from its founders. Singtrix is a creator of vocal processing effects technology for karaoke, gaming, and entertainment. "The Singtrix team is one of the most highly regarded innovators in music gaming, vocal processing, and entertainment. Their proven track record behind groundbreaking mass music franchises and inspiring singing experiences is without parallel and makes them a perfect fit for Freemode's plan to vastly expand its entertainment offerings", says Lee Guinchard, CEO of Freemode. The parties have agreed not to disclose specific terms due to commercial reasons. The terms and conditions for the acquisition are in line with previous Embracer transactions.
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THQQF | Hot Stocks11:41 EDT Embracer Group to acquire Limited Run Games, terms not disclosed - Embrace Group has entered into an agreement to acquire Limited Run Games, Inc. from its founders Josh Fairhurst and Douglas Bogart. Limited Run is a collector-focused publisher of physical video games with a strong brand, established direct-to-consumer channels, and owns the development technology Carbon Engine that ports retro games to modern platforms. "As an avid collector, I've admired Limited Run's collectors' editions. They've built a strong brand that resonates with players. We see opportunities for Limited Run to further grow their business with the Carbon Engine by bringing back classic games, and extend their footprint geographically through synergies with other companies within Embracer Group", says Lars Wingefors, CEO of Embracer Group. The transaction includes the wholly-owned subsidiary Limited Run Retail LLC, a retail store in Cary, North Carolina, that opened earlier this year, and Limited Run's 40% ownership in the joint-venture Super Deluxe Games in Japan that will source more games to Limited Run on the Western market and provide a channel to sell Limited Run's catalogue in one of the strongest markets in the world for physical games. The parties have agreed not to disclose specific terms due to commercial reasons. The terms and conditions for the acquisition are in line with previous Embracer transactions.
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THQQF | Hot Stocks11:39 EDT Embracer Group announces formation of Embracer Freemode - Embracer Group announced the formation of Embracer Freemode, an operative group comprised of certain gaming and entertainment companies owned by Embracer. Freemode is led by CEO Lee Guinchard, a 30-year gaming veteran and entrepreneur. Freemode provides a global strategic, operational, and financial support ecosystem for its collective of small to mid-sized companies to achieve operational efficiency and effectively grow their businesses to fulfil their long-term goals. In addition, Freemode will expand its operating activities in the retro, classic, and heritage gaming category, as well as investing in iconic gaming & entertainment properties. The newly formed operative group focuses on 6 broad and diverse business market segments including: Retro/Classic/Heritage Gaming & Entertainment, Game Development & Production, Devices, Gear & Collectables, Community & Ecommerce, New Idea & Technology Incubation and Production Services.
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TKC | Hot Stocks11:38 EDT Turkcell trading halted, news pending
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WWE | Hot Stocks11:23 EDT WWE to launch NXT Europe in 2023 - WWE announced that the NXT brand will grow internationally with the creation of an all-new NXT Europe, with the launch planned for 2023. "Following the success of our live events and talent identification efforts throughout all of Europe, we believe this is the perfect time to expand NXT beyond the UK," said Shawn Michaels, WWE Vice President of Talent Development Creative. Launched in 2016, NXT UK has received critical acclaim and developed WWE main roster talent such as Rhea Ripley, Doudrop, Gunther and Butch. NXT Europe will reimagine the brand and its talent pipeline with a Pan European focus.
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LIVB CVTO | Hot Stocks11:13 EDT LIV Capital Acquisition II to combine with banking services platform Covalto - LIV Capital Acquisition Corp. II (LIV) said it entered into a business combination agreement with Covalto. The deal values the Mexican digital and banking services platform at $547M. Covalto will be listed under the ticker symbol CVTO. The transaction includes committed financing of $60M, $30M of which has been previously funded and the rest will be funded by LIV Capital.
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UBCP | Hot Stocks11:07 EDT United Bancorp increases quarterly dividend payment to 15.75c per share - On August 17, 2022, the Board of Directors of United Bancorp declared a third quarter dividend payment of $0.1575 per share for shareholders of record on September 9, 2022 with a payment date of September 20, 2022. This payment is greater than the regular cash dividends paid in the first and second quarters of the current year, which were $0.1525 and $0.1550 respectively. With this third quarter dividend payment and year-to-date, UBCP has paid total cash dividends of $0.6150 which is an increase of $0.08, or 15.0%, over the amount paid during the same period the previous year. At the third quarter payment level, the regular cash dividend produces a forward yield of 3.84% based on UBCP's market value of $16.39 at the most recent quarter-end.
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TSCO | Hot Stocks11:06 EDT Tractor Supply expands Neighbor's Club benefits, rebrands pet unit to Petsense - Tractor Supply Company announced that its loyalty program, Neighbor's Club, will be adding new services for members and new ways to earn through its pet-exclusive retailer, Petsense - which will now be rebranded as Petsense by Tractor Supply. The Company anticipates the expansion will deepen relationships with existing customers and help attract new pet customers to both Tractor Supply and Petsense by Tractor Supply. The latest updates to Neighbor's Club, which currently has more than 26 million members, are designed to meet evolving pet customer demands by adding ways to earn new services like free pet washes and grooming. The expansion of Neighbor's Club benefits to Petsense by Tractor Supply, beginning on August 22, allows customers access to a wider selection of brands, supplies and more at Petsense by Tractor Supply locations, such as premium dog and cat food brands from Fromm, ORIJEN and Royal Canin, among others.
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CSSE | Hot Stocks11:04 EDT Chicken Soup for the Soul Entertainment trading resumes
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MSI | Hot Stocks11:04 EDT Motorola Solutions enhances border protection in Parana, Brazil - Police officers in Parana, Brazil, face major challenges in protecting borders, especially in environments where they face threats such as trafficking, smuggling and illegal deforestation. To help combat these challenges, the Parana Public Safety Secretariat is investing in advanced communications technology from Motorola Solutions to support its mission in delivering public safety and protecting its police officers and more than 11 million community members.
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CSSE | Hot Stocks10:59 EDT Chicken Soup for the Soul Entertainment trading halted, volatility trading pause
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DKS | Hot Stocks10:39 EDT Dick's Sporting named official sporting goods retailer of The Chicago Sky - DICK'S Sporting Goods announced a partnership with the Chicago Sky, making DICK'S the Official Sporting Goods Retailer and Marketing Partner for the team. This multi-year partnership furthers the company's investment in women's sports, player development, youth athlete engagement and the Chicago community. Effective immediately, Sky fans will see DICK'S Sporting Goods' signage in-arena throughout the playoffs.
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TUFN | Hot Stocks10:28 EDT Tufin: Transaction with Turn/River Capital remains on track
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LODE | Hot Stocks10:19 EDT Comstock Mining says cellulosic ethanol tech ready for commercial deployment - Comstock announced that it is marketing its cellulosic ethanol production technology for construction of commercial scale facilities, with a focus on upgrading pre-existing first generation corn ethanol facilities to convert forestry residuals and other forms of lignocellulosic biomass into cellulosic ethanol at dramatically improved yield, efficiency, and cost when compared to corn.
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KSCP | Hot Stocks10:17 EDT Massachusetts REIT signs contract for two Knightscope ASRs - Knightscope announced that a 60-year-old real estate development, investment and management firm with over 19,100 units under management in 19 U.S. states has signed a contract for Knightscope's K1 and K5 Autonomous Security Robots. This new client provides residents with high-quality housing in all asset classes, particularly communities with affordable housing components, like the property in Atlanta, Georgia, where these two ASRs will be utilized.
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BWV | Hot Stocks10:13 EDT Blue Water Vaccines Inc trading resumes
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BWV | Hot Stocks10:08 EDT Blue Water Vaccines Inc trading halted, volatility trading pause
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KSS | Hot Stocks10:01 EDT Kohl's, Sephora to expand Sephora presence to all Kohl's stores - As Sephora at Kohl's celebrates one year since first opening its doors, Kohl's and Sephora announce plans that the companies' transformative partnership will expand to include a Sephora presence at all of Kohl's 1,100+ locations. With approximately 600 stores across the country now open, Sephora at Kohl's continues to perform well, making prestige beauty more accessible to more Americans than ever before.
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STBA | Hot Stocks10:01 EDT S&T Bancorp names Rachel Smydo as general counsel, succeeding George Basara - S&T Bancorp announced that Rachel Smydo will assume the role of general counsel on August 22. Smydo will succeed George Basara, current general counsel, who retires on August 31. Most recently, Smydo held the role of deputy general counsel at the Federal Home Loan Bank of Pittsburgh.
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SQM | Hot Stocks10:00 EDT SQM falls -8.2% - SQM is down -8.2%, or -$8.61 to $95.81.
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DAO | Hot Stocks10:00 EDT Youdao falls -10.4% - Youdao is down -10.4%, or -58c to $5.00.
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MCG | Hot Stocks10:00 EDT Membership Collective falls -10.5% - Membership Collective is down -10.5%, or -72c to $6.15.
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SSU | Hot Stocks10:00 EDT SIGNA Sports United rises 16.5% - SIGNA Sports United is up 16.5%, or 83c to $5.91.
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WOLF | Hot Stocks10:00 EDT Wolfspeed rises 29.2% - Wolfspeed is up 29.2%, or $25.00 to $110.66.
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CDR | Hot Stocks10:00 EDT Cedar Realty Trust rises 206.5% - Cedar Realty Trust is up 206.5%, or $19.51 to $28.96.
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WTRG | Hot Stocks10:00 EDT Essential Utilities appoints Kimberly Joyce as corporate secretary - Essential Utilities announced that Vice President, Regulatory and Government Affairs Kimberly Joyce has added the role of corporate secretary to her responsibilities. As corporate secretary, Joyce adds critical responsibilities associated with the Essential board of directors, Securities & Exchange Commission filings, and the company's legal entity structure. Prior to her current role, Joyce had similar regulatory and legislative responsibilities for the company, where she has worked for more than 15 years.
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KSS | Hot Stocks09:59 EDT Kohl's expects 'modest improvement' in 2H22 results vs. 1H22 - Seeing middle income customer pressured the most, with higher income customers spending more. Says attracting more high income shoppers. Expects "heightened" promotional environment in 2H22. Feels "very good" about health of credit customer. Says Sephora outperforming the chain, and it remains the company's "number one initiative."
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ATEN | Hot Stocks09:58 EDT A10 Networks expands strategic partnership with Incedo - Incedo and A10 Networks are stepping up their partnership to accelerate innovation and new product introduction. The Global Delivery Center at Pune, which was set up in 2020 as part of a strategic initiative to streamline global operations and accelerate innovation, is now fully operational and provides a foundation to accelerate Incedo's roadmaps. In order to scale the GDC, Incedo will be hiring deep technology talent with niche skills to expand this state-of-the-art innovation center. This partnership opens a host of opportunities for the technology talent in and around the Pune region, to work on the industry's award-winning cybersecurity and infrastructure products in the multi-cloud security and AI/ML DDoS protection segments.
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SQM | Hot Stocks09:47 EDT SQM falls -7.3% - SQM is down -7.3%, or -$7.60 to $96.82.
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KSS | Hot Stocks09:47 EDT Kohl's falls -9.5% - Kohl's is down -9.5%, or -$3.23 to $30.72.
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DAO | Hot Stocks09:47 EDT Youdao falls -9.7% - Youdao is down -9.7%, or -54c to $5.04.
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BJ | Hot Stocks09:47 EDT BJ's Wholesale rises 11.8% - BJ's Wholesale is up 11.8%, or $8.15 to $77.28.
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WOLF | Hot Stocks09:47 EDT Wolfspeed rises 28.2% - Wolfspeed is up 28.2%, or $24.15 to $109.80.
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CDR | Hot Stocks09:47 EDT Cedar Realty Trust rises 206.6% - Cedar Realty Trust is up 206.6%, or $19.52 to $28.97.
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WETG | Hot Stocks09:43 EDT WeTrade Group Inc trading resumes
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GSUN | Hot Stocks09:42 EDT Golden Sun Education Group Ltd trading resumes
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WETG | Hot Stocks09:38 EDT WeTrade Group Inc trading halted, volatility trading pause
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GSUN | Hot Stocks09:37 EDT Golden Sun Education Group Ltd trading halted, volatility trading pause
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CRTD | Hot Stocks09:36 EDT Creatd to increase ownership in Dune, WHE in all-stock transactios - Creatd revealed its plans to purchase additional shares in two of its subsidiary companies, Dune and WHE Agency. Following the close of the proposed transactions, the Company's ownership stake in Dune would increase to 70%, and its ownership stake in WHE would increase to 61%, thereby improving the Company's balance sheet, while at the same time helping to ready the Company to explore a variety of future financing opportunities, including the potential spin-off of certain Creatd assets. Under the terms of the Memorandum of Understanding signed with Dune, Creatd will purchase an additional 20% ownership stake in exchange for approximately $360,000 in Creatd common stock at a price of $1.32 per share, or approximately 270,000 shares. Under the terms of the MOU signed with WHE, the Company will purchase an additional 17% ownership stake in exchange for approximately the same purchase price.
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SAVA | Hot Stocks09:27 EDT Cassava jumps 19% to $30.52 after saying journal found no data manipulation
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KSS | Hot Stocks09:26 EDT Kohl's expects year end inventory to end up 'high teens' - Expects $825M in CapEx in 2022. Expects balance sheet, cash flow to be "challenged" in 2022. Says exploring opportunities to monetize select real estate assets. Sees 2H22 gross margin similar to Q2 level.
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FOCS | Hot Stocks09:22 EDT Connectus, Focus partner firm launch MyConnectus platform - Connectus Wealth Advisers and a partner firm of Focus Financial Partners announced that it has launched MyConnectus, a proprietary digital engagement platform, which will be available exclusively to Connectus and Focus partner firm advisers and their clients.
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KSS | Hot Stocks09:21 EDT Kohl's reports Q2 gross margin 39.6% vs. 42.5% a year ago - Cites increased investment in growth initiatives, including Sephora.
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LTRX | Hot Stocks09:19 EDT Lantronix reschedules Q4, 2022 results - Lantronix announced it will release financial results for its fourth quarter of fiscal 2022 and full fiscal year ended June 30, 2022, after the close of the market on Thursday, August 25, 2022. The release of the Company's fiscal 2022 fourth quarter and full fiscal year ended June 30, 2022, financial results, and the conference call originally scheduled for August 18, 2022, are being rescheduled to provide the Company's independent registered accounting firm additional time to finalize its audit of the fiscal 2022 financial statements.
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KSS | Hot Stocks09:18 EDT Kohl's says Q2 results reflect cost-conscious middle income customer - Says "aggressively clearing" excess inventory. Says making progress in strategic transformation. Remains "firmly committed" to health of balance sheet, dividend. Says digital sales accounted for 28% of net sales in Q2, up from 26% a year earlier. Has seen "significant shift" in consumer behavior over past few months and expects it to persist near term. Says "vast majority" of Sephora impact lies ahead. Says testing in-store pickup of Sephora orders. Says to date, back to school trends "in-line" with expectations. Says expanding outdoor brands to more stores in the fall. Comments taken from Q2 earnings conference call.
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QLGN | Hot Stocks09:18 EDT Qualigen announces formation and 1st meeting of QN-302 Scientific Advisory Board - Qualigen Therapeutics announces it has formed a Scientific Advisory Board or SAB in support of the development of its lead therapeutic candidate QN-302 for the potential treatment of pancreatic cancer and other G4-prevalent solid tumors. "We have assembled a distinguished and diverse group of scientific oncology experts from leading research institutions and industry groups worldwide to guide Qualigen Therapeutics through a rigorous and expeditious path to develop QN-302 for pancreatic cancer, and possibly other important indications. The formation of this SAB demonstrates our strong belief in the potential of QN-302, and we are confident that the vast experience of its members will help advance the program," commented Michael Poirier, Qualigen's Chairman and CEO.
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SAVA | Hot Stocks09:18 EDT Cassava: JPAD finds no evidence of data manipulation in simufilam publication - Cassava Sciences was recently informed by the Journal of Prevention of Alzheimer's Disease that there is no convincing evidence to support allegations of data manipulation in a 2020 paper on simufilam co-authored by the Company's personnel and its science collaborators. JPAD communicated the following statement to the Company on Monday, August 15th after the close of market, which is reprinted in full below: "We have completed our review of your article "PTI-125 Reduces Biomarkers of Alzheimer's Disease in Patients". We do not find convincing evidence of manipulation of data or intent to mislead, and therefore take no action regarding the published paper." "From the onset, I have said that allegations of research misconduct are false, and for good reason - I see no supporting evidence for the allegations," said Remi Barbier, President & CEO. "I'm hopeful that written pronouncements from neutral and independent science experts will help close the chapter of baseless attacks against our science. At some point it becomes irrational for our detractors to repeat over and over again the same old tired mantra of data manipulation." A related investigation by academic authorities at The City University of New York is ongoing. Pending a public response from CUNY, both Neurobiology of Aging and Journal of Neuroscience previously issued an outstanding "expression of concern", which is a non-standardized type of editorial notice used by academic publishers to raise awareness to a possible problem, according to the Council of Science Editors.
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XELA | Hot Stocks09:16 EDT Exela Technologies announces public sector contract win in Germany - Exela Technologies announced a new framework contract with a public IT and communications service provider for several German federal states and tax administrations. The 3-year framework agreement enables Exela to deploy its Digital Mail Room module as part of its XBP Global platform and provide mass digitization services estimated at $11M total contract value based on expected customer volumes and market growth. "We are pleased to continue offering robust security and flexibility of XBP Global to this new customer and grow the service with the great potential of the German market," said Vitalie Robu, President of Exela EMEA. About Exela Technologies
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ENG | Hot Stocks09:15 EDT ENG wins prime spot on $20M contract with USACE - ENG has been designated as one of three prime contractors by the US Army Corps of Engineers on a $20 million five-year contract to support and upgrade control system installations at hydroelectric facilities within the USACE's South Atlantic region. As per the terms of the contract, EGS will compete with the other two contractors for the award of task orders for such assignments as technology upgrades and refreshes of existing systems, new system designs and installations, and life cycle maintenance of new and existing systems.
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OPXS | Hot Stocks09:14 EDT Optex Systems commences tender offer to purchase up to $4.25M of stock - Optex Systems Holdings announced that it commenced a "modified Dutch auction" tender offer to purchase up to $4.25 million in value of shares of its common stock, par value $0.001 per share or such lesser number of shares of Common Stock as properly tendered and not properly withdrawn, at a price not greater than $2.75 nor less than $2.35 per share of Common Stock net to the seller in cash, less any applicable withholding taxes and without interest. The Offer is not conditioned upon any minimum number of shares of Common Stock being tendered. The Offer is made upon the terms and subject to the conditions described in the Offer to Purchase and in the related Letter of Transmittal, as they may be amended or supplemented from time to time, that are being filed by Optex with the U.S. Securities and Exchange Commission on August 18, 2022 and are being sent to holders of Common Stock or designated brokers or other nominees, as applicable. The closing price of the Common Stock on the OTCQB marketplace on August 17, 2022, the last full day of trading before commencement of the Offer, was $2.00 per share. The Offer is scheduled to expire at 5:00 P.M., New York City time, on September 15, 2022, unless the Offer is extended. Stockholders must tender their shares of Common Stock prior to the expiration of the Offer and may withdraw any tendered shares at any time prior to the expiration of the Offer.
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NWVCF | Hot Stocks09:13 EDT EnWave signsTELOA pact with Wyckoff Farms for drying of premium hops - EnWave announced that it has signed a Technology Evaluation and License Option Agreement with Wyckoff Farms to trial the use of a 10kW Radiant Energy Vacuum dehydration machine for the drying of premium hop products. The 10kW REV machinery will be installed at Wyckoff Farms' facility located in Grandview, Washington, USA. During the term of the TELOA, Wyckoff Farms will hold an exclusive option to license EnWave's technology for the drying of hop products in the United States of America. Wyckoff Farms is the parent company of MicroDried one of EnWave's longest standing licensed partners of REV drying technology. Since 2012, MicroDried has used REV drying to create 100% all-natural, high quality dried fruit and vegetables that are rich in nutritional values and health benefits. Over the past decade, Wyckoff Farms has solidified its commitment to REV technology by scaling up to three large-scale REV machines, all operating at MicroDried's processing facility in Nampa, Idaho.
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AIM | Hot Stocks09:09 EDT AIM ImmunoTech begins Phase 2 study of Ampligen for pancreatic cancer treatment - AIM ImmunoTech announced the commencement of its Phase 2 study of Ampligen as a therapy for locally advanced pancreatic cancer following receipt of Institutional Review Board approval for the trial protocol.AIM Chief Executive Officer Thomas K. Equels commented, "We are pleased to reach this important step in the development of Ampligen. Receiving IRB approval for our Phase 2 study of Ampligen for the treatment of LAPC is the pivotal precursor to the recruitment, enrollment and treatment of patients with locally advanced pancreatic cancer. We look forward to providing further updates on the development of this important therapy."
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TRMB | Hot Stocks09:08 EDT Trimble invests in agricultural technology company Sabanto - Trimble announced its investment in Sabanto. Sabanto is a U.S.-based agricultural technology company focusing on autonomous workflows throughout the farming cycle being offered as Farming as a Service. This investment supports Trimble's mission to invest in early and growth-stage companies that are accelerating innovation, digital transformation and sustainability in the industries Trimble serves-such as agriculture, construction, geospatial and transportation. The investment terms were not disclosed. Sabanto provides FaaS through swarms of multiple smaller tractors equipped with its autonomous technology to perform in-field operations.
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DGII | Hot Stocks09:05 EDT SmartSense by Digi introduces Healthcare Advisory Board - SmartSense by Digi, part of Digi International, launched a new Healthcare Advisory Board to help healthcare organizations mitigate operational risk, streamline standard operating procedures, and simplify compliance. "The Board aims to empower, engage, and educate customers on the increasing sophistication of IoT healthcare solutions, leading to improved efficiency, patient care, and safety," the company said. The Healthcare Advisory Board will be chaired by James Langabeer, PhD. Inaugural members will also include: Keith Perry; Richard McFee; Summer Kerley; Andy Draper.
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VALN | Hot Stocks09:05 EDT Valneva says DoD decided not to exercise second option year for Ixiaro - Valneva announced that the U.S. Department of Defense has decided not to exercise the second option year of the contract to supply Valneva's Japanese encephalitis vaccine Ixiaro. "Due to the past and ongoing impact of the COVID-19 pandemic on its operations, the DoD considers its existing Ixiaro supply levels sufficient to meet current needs. The DoD has communicated an interest in negotiating a new supply contract in 2023, once inventory returns to standard levels," the company said in a statement. Valneva expects no impact on its 2022 financial guidance as a result of this decision and will continue deliveries of Ixiaro pursuant to the terms of the first option year, which the DoD exercised with amended terms, through Q4 of 2022. The total minimum value of the existing supply contract was approximately $118M, assuming the exercise of the second option year, which had a minimum value of approximately $36M for 250,000 doses. Thomas Lingelbach, CEO of Valneva, commented: "We thank the DoD for their partnership and look forward to further contract negotiations in the future. In parallel, we continue to see significant recovery in the private travel market for Ixiaro, which more than tripled in the first half of this year compared to the first half of 2021."
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CARG | Hot Stocks09:04 EDT CarGurus expands rollout of 'Instant Max Cash Offer' to four more states - CarGurus announced the rollout of CarGurus Instant Max Cash Offer to four additional states - Alabama, Oregon, Wisconsin, and Oklahoma. The solution, which allows consumers to easily sell their cars 100% online, is now available to approximately 93% of the country's population.
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BRQS | Hot Stocks09:03 EDT Borqs Technologies signs revised licensing deals with mobile chipset vendor - Borqs Technologies provides the following updates on the Company. The Company has signed a set of revised licensing agreements with a mobile chipset vendor, which includes purchasing the 5G patent licensing agreement and use of the latest mobile chipsets. Borqs' R&D team and sales team in India are working closely with partners and customers to build the 5G ecosystem in India, including the development of 5G phones, 5G gateways for residential and business premises, and other devices. Borqs has shipped more than 10 million wireless devices in India, including phones, tablets, wireless routers, and IoT products.
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SCOR | Hot Stocks09:03 EDT Comscore , Yahoo partner to bring advanced brand protection to CTV campaigns - Yahoo announced a partnership with Comscore to give Yahoo DSP advertisers additional and enhanced brand safety and suitability controls for connected TV campaigns. Additionally, contextual segments - leveraging categories like TV genre - support campaign relevancy and reach within identity-less CTV app environments. The Yahoo DSP will integrate with Comscore Activation, a robust set of pre-bid inventory filters to help marketers achieve brand-safe, impactful campaign delivery across CTV inventory. Through the partnership, Yahoo DSP advertisers can now leverage Comscore Activation to fine-tune their brand protection preferences based on brand suitability tiers. "Comscore's latest State of Streaming report found a 19% year-over-year increase in hours that U.S. households spent watching streaming content, meaning there is no shortage of opportunity to reach consumers on CTV, but advertisers need to ensure their CTV investments aren't negatively impacting their brand," said Lee Blickstein, Vice President, Activation Solutions, Comscore. "To effectively do this, CTV advertisers must have access to granular tools that go beyond the typical binary approach to brand safety, ensuring they have the confidence and security to achieve next-level campaign performance."
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BAC JTKWY | Hot Stocks09:03 EDT Grubhub, Bank of America partner to offer Grubhub+ for free to cardholders - Grubhub and Bank of America (BAC) announced that eligible Bank of America cardholders can receive Grubhub+ free for one year, providing unlimited $0 delivery fees on orders of $12 or more and exclusive Perks from restaurants on Grubhub. Starting August 18, eligible cardholders can activate a one-year, complimentary Grubhub+ membership trial, valued at nearly $120. Grubhub+ members also enjoy a donation match on Grubhub+ orders when they are opted into Grubhub's Donate the Change program, which raised more than $25 million in 2021 alone, benefiting more than 20 charitable organizations. Grubhub is part of Just Eat Takeaway.com (JTKWY).
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WKSP | Hot Stocks09:02 EDT Worksport expects $350K-$450K in unrealized revenue for pre-orders of SOLIS - Worksport and its subsidiaries, announce that the Company expects between $350,000-$450,000 in unrealized revenue for pre-orders of SOLIS, the Company's proprietary solar truck bed tonneau cover, and COR, its portable energy storage system. Given the limited marketing efforts, the pre-sale has exceeded expectations and management believes the data collected is very promising. The Company, following the official launch of the Worksport eCommerce website, will prepare its dedicated product marketing campaigns with pre-sales of SOLIS and COR expected to be more robust.
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SISI | Hot Stocks09:02 EDT Shineco appoints Aamir Ali Quraishi to board of directors - Shineco has appointed Mr. Aamir Ali Quraishi as a new Independent Director of the Board effective immediately, to succeed Mr. Yanzeng An. Mr. Quraishi was also appointed to the Company's Audit Committee as well as Chairman of the Company's Nominating Committee. Since April 2021, Mr. Quraishi has been serving as the Non-Executive Chairman of Bowen Fintech PLC,
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AIHS | Hot Stocks09:02 EDT Senmiao Technology launches ride-hailing platform in Tianjin and Foshan - Senmiao Technology has launched its proprietary online ride-hailing platform for drivers in two cities: Tianjin, China, and Foshan, Guangdong Province. Senmiao launched its online ride-hailing platform in Tianjin and Foshan in late July. With the addition of Tianjin and Foshan, Senmiao's platform is now available in 24 cities across China. Since the launch in Tianjin and Foshan, Senmiao has completed over 2,000 orders in these two cities through its online ride-hailing platform as of August 15.
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AMD NEGG | Hot Stocks08:59 EDT Newegg Commerce annouces exhibiting plans for CNE Gaming Garage - Newegg Commerce (NEGG) announced its exhibiting plans for the CNE Gaming Garage Powered by AMD (AMD). The CNE Gaming Garage is part of the Canadian National Exhibition, CNE, which takes place Aug. 19-Sept. 5 at the Exhibition Place in Toronto. Newegg will showcase a custom Advanced Battlestations PC in a glass display within the CNE Gaming Garage Powered by AMD throughout all 18 days of the exhibition. "CNE Gaming Garage is an exciting opportunity for Canadians who are passionate about gaming and technology to see and play new products," said Danny Yip, Senior Category Manager for Newegg Canada. "Our special gaming PC will be prominently displayed throughout CNE, and we're looking forward to seeing attendees' reactions. CNE Gaming Garage is an important opportunity for the industry, and Newegg is glad to take part during the 18 days."
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NVAX | Hot Stocks08:57 EDT Novavax's COVID-19 vaccine granted provisional approval in New Zealand - Novavax announced that New Zealand's Medsafe has granted expanded provisional approval for Nuvaxovid COVID-19 vaccine for active immunization to prevent COVID-19 caused by SARS-CoV-2 in adolescents aged 12 through 17. The provisional approval was based on data from the ongoing pediatric expansion of the Phase 3 PREVENT-19 trial of 2,247 adolescents aged 12 through 17 years across 73 sites in the U.S., to evaluate the safety, effectiveness and efficacy of Nuvaxovid. In the pediatric expansion, Nuvaxovid achieved its primary effectiveness endpoint and demonstrated 80% clinical efficacy overall at a time when the Delta variant was the predominant circulating SARS-CoV-2 strain in the U.S. Preliminary safety data from the pediatric expansion showed the vaccine to be generally well-tolerated. In the 12 through 17 year-old population, the Novavax COVID-19 vaccine has been granted authorization in India, the European Union, Australia, Japan, and Thailand, and is actively under review in other markets. New Zealand previously granted provisional approval for Nuvaxovid in adults aged 18 and older in February 2022 and for use as a booster in July 2022.
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PBIO | Hot Stocks08:53 EDT Pressure BioSciences announces contract with Canopy CBD Farms - Pressure BioSciences announced the execution of a manufacturing, sales, and distribution agreement with Canopy CBD Farms, CCF, with a strong focus in the Massachusetts/New England hemp-derived CBD market, has assembled an aggressive distribution plan that anticipates nano-CBD product sales of nearly $6 million over the first 12-months post-release. Under GAAP rules/standards, PBI believes it will capture approximately $2 million of CCF's expected product revenue.
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WSTG | Hot Stocks08:46 EDT Wayside Technology completes acquisition Spinnakar for $11.8M - Wayside Technology Group has completed the acquisition of Spinnakar, a UK-based IT channel distributor, for an aggregate purchase price of $11.8M payable at closing, plus a potential post-closing earn-out. The Company funded the acquisition of Spinnakar utilizing cash from the Company's balance sheet Spinnakar is a UK-based, IT channel distributor focused on storage, cloud, security and data management businesses across Europe, the Middle East and South Africa. Spinnakar brings scale and channel expertise to Wayside with more than 15 vendor partners, including Cloudian, Deep Instinct, Rubrik, Virtuozzo and most notably, Vast Data, a universal data platform providing simple, affordable and fast scaling data and storage capabilities. For the trailing twelve months ended July 31, 2022, Spinnakar reported pre-tax income of $2M. Founder and CEO of Spinnakar, Gerard Brophy, will continue to lead and scale Spinnakar's EMEA business and will seamlessly integrate with Wayside's European business units, Climb UK and Grey Matter. Wayside anticipates various operating synergies and improvements for vendor recruitment and expansion in EMEA and across the globe.
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MYNA | Hot Stocks08:42 EDT Mynaric appoints Mustafa Veziroglu as president - Mynaric named Mustafa Veziroglu as President of Mynaric and the newest member of its management board. In this role, Mustafa Veziroglu will oversee development, qualification and serial production of Mynaric's laser communications products that are in high demand by government and commercial customers. Prior to joining Mynaric, Mustafa Veziroglu served as the COO of SA Photonics. In his role, Mustafa Veziroglu will be responsible for all operational product-related activities within Mynaric overseeing the entire product lifecycle from development through delivery. He will be based in Munich, Germany.
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ALL | Hot Stocks08:39 EDT Allstate estimates July catastrophe losses $176M after-tax - The Allstate Corporation announced estimated catastrophe losses for the month of July of $223M or $176M, after-tax. July catastrophe losses included 12 events, primarily wind and hail, that were geographically widespread, estimated at $233 million, partially offset by favorable reserve reestimates for prior period events. "Allstate will continue to implement significant rate actions in the second half of 2022 in response to inflationary increases to auto insurance severities. During the month of July, the Allstate brand implemented rate increases of 8.9% across 6 locations, resulting in total Allstate brand insurance premium impact of 1.0%. We have implemented 64 rate increases averaging approximately 9.0% across 51 locations since the beginning of the year. Allstate brand implemented auto rate increases totaled $240 million in the month of July, after implementing $1.5 billion in the previous two quarters," said Mario Rizzo, Chief Financial Officer of The Allstate Corporation.
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AREC | Hot Stocks08:39 EDT American Resources applauds Inflation Reduction Act - American Resources applauds the Inflation Reduction Act's support for a more resilient, domestic supply chain for critical minerals and highlights how the bill is highly aligned with its industry-leading accomplishments. Mark Jensen, CEO of American Resources commented, "We believe it is highly important for the United States to develop a resilient and sustainable supply chain of critical and rare earth elements to significantly reduce the dependency on foreign nations. Our monumental milestone of producing the ultra-high pure and separated rare earth magnet elements neodymium, praseodymium and dysprosium on a commercial scale using our next-generation chromatographic separation process technology is a massive leap forward for both our Company and our nation. This environmentally-safe, low-cost and flexible technology will redefine how critical raw materials are sourced and processed. Additionally, we applaud the federal government for the provisions within the Inflation Reduction Act that aim to support the transition towards a broader electrified economy, and at the same time supports U.S. manufacturing. While the critical mineral requirements within the bill credits are aggressive and stringent, we are confident our ReElement Technologies division is in a leading position to simultaneously help recipients achieve certain standards and support the buildout of our own critical and rare earth mineral processing facilities."
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ABVC | Hot Stocks08:38 EDT ABVC BioPharma says Phase II Vitargus trial gets local Thai ethics committee OK - ABVC BioPharma announced that, on August 2 approval was received from the Ethics Committee of the Ramathibodi Hospital, Mahidol University to conduct the Vitargus Phase II Study Protocol . This follows a similar approval received on July 18 , by Srinagarind Hospital, Khon Kaen University of Thailand. Both hospitals now expect to receive a Thai FDA investigational product import license within the next 30 days, which will allow them to initiate the clinical study in Thailand entitled "A Prospective Multi-Site Randomized Controlled Clinical Investigation of the Safety and Effectiveness of the ABV1701 Ocular Endotamponade ." In parallel, Vitargus Phase II Study protocol documents have been submitted to the Australian Bellberry Human Research Ethics Committee. Upon approval by the HREC, ABVC will submit an application to the Australian Therapeutic Goods Administration or a Clinical Trial Notification of the study, which is the final step before the three selected study sites in Australia can begin the trial. "We continue to move closer to initiation of Vitargus Phase II clinical trials in Thailand and Australia," said Dr. Howard Doong, Chief Executive Officer of the Company. "And, we expect to begin clinical trials in other Asia-Pacific countries before the end of 2022." Dr. Doong further noted, "Animal studies requested by the United States FDA in connection with Vitargus are going well, making it likely that Phase II studies can be conducted in the US starting in 2024."
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ITI | Hot Stocks08:38 EDT Iteris selected by VDOT for connected, automated vehicle initiative - Iteris announced that it has been awarded a sub-contract by the Virginia Department of Transportation, VDOT, for connected and automated vehicle, CAV, related planning services, representing continued demand for Iteris' specialized consulting services in a key geographic market. The project supports VDOT's initiative to keep pace with advancements in CAV technologies. The goal is to ensure an efficient transition to future transportation systems management and operations. Under the terms of the sub-contract, Iteris will deliver a CAV data strategic plan to help VDOT gain a high-level understanding of how to integrate CAV data from external sources into VDOT's information technology and operations technology related systems. This will help enhance their business functions, and conversely, by sharing agency-wide business data from their IT- and OT-related systems, help serve CAV data needs and support deployment of CAV applications.
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XSHLF | Hot Stocks08:38 EDT XS Financial closes $24M credit line - XS Financial announced that it has entered into a new $24 million line of credit with Needham Bank committing $20 million and acting as the administrative agent. XS Financials' existing $4 million line of credit with an FDIC-insured bank will be retired, and the same bank will participate $4 million in the new Credit Facility. In addition, XSF fully retired its previously announced $15 million line of credit with the Garrington Group concurrently with the closing of this Credit Facility. The Credit Facility has a term of two years, expiring August 2024. Loans made under the line of credit will bear interest at an annual rate equal to the Wall Street Journal Prime rate plus one percent, with a floor of six percent, and may be prepaid with no penalty at any time. XS Financial intends to use loan proceeds, together with cash on hand, to fund additional CAPEX and equipment leases with new and existing customers.
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MLSS | Hot Stocks08:35 EDT Milestone Scientific commences CompuFlo Epidural disposables sales to UofL - Milestone Scientific reported that, following an evaluation, it has commenced sales of its CompuFlo Epidural disposables to UofL Health. UofL Health owns and operates six hospitals and four medical centers, providing patient care to more than 1.5 million patients each year in the state of Kentucky. UofL Health has begun implementing the CompuFlo Epidural System for obstetric anesthesia, acute pain, and chronic pain within its labor and delivery, operating room and pain clinic teams.
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SLNH | Hot Stocks08:34 EDT Soluna Holdings says BTC Equivalent Mined increased 12% in July - Soluna Holdings announced the release of its July site level financials. Michael Toporek, CEO of Soluna Holdings, stated, "Despite Bitcoin remaining around $20,000 and challenging power markets, Soluna has been able to maintain healthy margins and increase computing power. As a result of the increase in activity from renewable energy generators seeking computing as the most effective solution to their curtailment problems, we continue to believe investing through the cycle is the best opportunity to deliver value to shareholders." Key Summary Highlights: Increased BTC Production Despite Volatile Market: BTC Equivalent Mined increased by 12% despite average BTC prices decreasing by 12% from June to July. Average Hashrate deployed increased by 9% with peak hashrate remaining above 1EH/s. Cash Contribution Margins Remain Healthy: 27% Cash contribution prop mining margins slightly offset by weaker hosting margins; 19% Consolidated cash contribution margins overall if hosting is included despite low BTC environment; Margins impacted by exceptional events leading to fuel cost increases at Sophie and Marie.10MW Hosting Agreement at Marie Expires End of September: Assessing economics of renewal or conversion to prop mining; Anticipated hosting margins with new contract expected to increase.
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FINW | Hot Stocks08:33 EDT FinWise Bancorp announces 644,241 share repurchase program - FinWise Bancorp announced that its Board of Directors has approved a share repurchase program that authorizes the Company to repurchase up to 5% of its total number of shares of outstanding common stock as of August 16, or 644,241 shares. The repurchases will be made at the Company's discretion through August 31, 2024. "We are pleased to announce that our Board has authorized a share repurchase program, as we are always committed to enhancing long-term shareholder value," said Kent Landvatter, Chief Executive Officer of FinWise. "Beyond returning capital to shareholders, we remain committed to opportunistically invest in our business to further differentiate our unique business model."
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NWBI | Hot Stocks08:33 EDT Northwest Bancshares and Northwest Bank name Louis Torchio as CEO - Northwest Bancshares and Northwest Bank have appointed Louis Torchio President and CEO of both companies, effective immediately. Torchio joined Northwest Bank in 2018, most recently serving as Senior Executive VP, Retail Lending and Business Banking. Prior to joining Northwest, Torchio held senior leadership and executive committee positions at both large regional and community banks, including the former Charter One Bank, Bank One and Mellon Bank. Also, effective immediately, William Harvey, Jr., who served as interim President and CEO since the passing of Northwest's Chairman, President, and CEO Ronald Seiffert on May 24, has been named COO in addition to his responsibilities as CFO. Prior to his assuming the position of interim President and CEO, Harvey served for 20 years as CFO. He will continue in this capacity. Harvey has been employed by Northwest Bank since 1996. Timothy Fannin, who has served as interim Chairman of the Board of Northwest Bancshares and Northwest Bank since the passing of Seiffert, will continue in the role as Chairman of the Board.
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KULR | Hot Stocks08:33 EDT KULR Technology secures second order from e-commerce, cloud computing customer - KULR Technology Group has received two orders from a leading Fortune 20 e-commerce and cloud computing company for its next generation Li-ion battery powered commercial drone delivery fleet.
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WETG | Hot Stocks08:28 EDT WeTrade to enter sales promotion partnership with Zhixun Biotechnology - WeTrade is in an advanced discussion with Zhixun Biotechnology, a company specializing in production of medical sterilization products. WeTrade and Zhixun are ready to launch an in-depth cooperative sales promotion of Zhixun's disinfectant - Zhuchang - in China and international markets, leveraging on WeTrade's SaaS platform and its the Internet of Things supply chain via government entities, hospitals, malls, and other medical distribution channels. Zhuchang disinfectant is a portable spray, officially registered with the PRC government, that is designed to completely eliminate the COVID-19 Omicron variant. This product has now completed the health and safety evaluation with the PRC government, with complete approval for sales.
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KSS | Hot Stocks08:25 EDT Kohl's cuts FY22 operating margin view to 4.2% -4.5% from 7%-7.2%
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SPRC | Hot Stocks08:24 EDT SciSparc to deposit $1M in escrow amid plan to enter brand acquisition agreement - SciSparc announced that following the signing of a non-binding letter of intent with Merhavit M.R.M Holding and Managementto acquire from it its rights to purchase a top-seller Amazon.com account and American food supplements and cosmetics brand and trademark, the Company signed additional agreements with respect to its intention to acquire the Brand. As an indication of its intention to negotiate and enter into a definitive acquisition agreement, SciSparc has agreed to transfer $1.0 million to an escrow agent. In the event of signing a binding definitive agreement to purchase the Brand, the $1.0 million will be used as part of the overall amount to be paid by Scisparc. In the event the parties do not reach an agreement on the terms and a definitive acquisition agreement is not signed, the Company will bare the costs of $50,000 and the remaining escrow amount of $950,000 will be release to the Company. The Brand offers dozens of GMP manufactured hemp-based, U.S. made, top-ranked products, including various food supplements for different purposes and cosmetics. The LOI also describes, in addition to the potential acquisition of the Brand, a management agreement to be entered into and an option to expand the brand to additional territories such as Canada and Europe, as well as a distribution agreement with a local U.S. distributor. Upon entry into definitive documentation, the management agreement is expected to include fulfilment of the Amazon.com conditions, manufacturing, inventory and advertising management, storage and shipment to the Amazon.com warehouse and maintaining a pre-determined profit level for the products. The management services would be provided by a company for which SciSparc's Chief Executive Officer and director serves as a director. The distribution agreement would provide for the marketing and commercialization of the Brand's products through offline channels in the U.S.
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PRTG | Hot Stocks08:21 EDT Portage Biotech says CEO Dr. Ian Walters, appointed Chairman of Board - Portage Biotech announced that Dr. Ian Walters, Chief Executive Officer of Portage, will be appointed Chairman of Portage's Board of Directors. Dr. Greg Bailey, current Chairman, will transition to lead Director. Additionally, the company hired Justin Fairchild, MPH, as Vice President of Development. "The changes reflect the Board's confidence and acknowledgement of Portage's recent growth and progress under Dr. Walters' leadership," remarked Dr. Bailey. "Dr. Walters has decades of industry expertise, deep knowledge of immuno-oncology drug development and is dedicated to Portage's mission. Despite the challenging financial market conditions, he has been able to grow the team and pipeline and Portage is now poised to deliver multiple data readouts over the coming year."
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BCBNF | Hot Stocks08:19 EDT Base Carbon to commence trading on OTCQX Best Market - Base Carbon announces that it has been approved to commence trading of its common shares on the OTCQX Best Market beginning under the ticker symbol "BCBNF".
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KTTA | Hot Stocks08:18 EDT Pasithea Therapeutics present results of tolerizing vaccine program - Pasithea Therapeutics announced it will present the preclinical proof of concept study results of its tolerizing vaccine program in multiple sclerosis on August 30th at the international conference "From Laboratory to Clinic: Medicine after COVID" held at Trinity College, Oxford University, United Kingdom. From Laboratory to Clinic is an annual translational research conference established in 1984 that brings together basic scientists, clinicians, and industry researchers to explore how the latest discoveries in immunology and molecular medicine can be applied to improve clinical medicine. During the Symposium, Pasithea's Chairman, National Academy of Sciences Professor Lawrence Steinman, will be giving the opening keynote lecture. Other speakers will include Dr. Carola Vinuesa, Professor at the Francis Crick Institute in London; Dr. Gali Alter, Professor of medicine at Harvard Medical School; Dr. Jeffrey Ravetch, Professor and head of the Laboratory of Molecular Genetics and Immunology at the Rockefeller University and Dr. Anne Schaefer, Vice-chair of Neuroscience at the Icahn School of Medicine at Mount Sinai.
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REED SFM | Hot Stocks08:17 EDT Reed's partners with Sprouts for limited-edition Harvest Spiced Apple Cider - Reed's announced the launch of the new Reed's Harvest Spiced Apple Cider. Reed's Harvest Spiced Apple Cider will be available in approximately 380 Sprouts Farmers Market stores nationwide in classic half-liter, glass swing-lid packaging. This launch will supplement the Company's current Sprouts product offerings which include the Reed's Limited Edition Flying Cauldron Butterscotch Cream Soda and Virgil's Bavarian Nutmeg Root Beer.
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ENPH | Hot Stocks08:15 EDT Enphase Energy, Complete Solar expand solar, battery deployments across U.S. - Enphase Energy announced that Complete Sola is seeing increased deployments of Enphase Energy Systems powered by IQ8 Microinverters and IQ Batteries, as homeowners across the United States are hit with extreme weather and rising energy prices.Complete Solar has seen a significant increase in solar and battery installations for new residential customers over the past several years. Homeowners are seeking smart, reliable, and safer solutions, such as the Enphase IQ Microinverters and Batteries, for home energy systems to help keep the lights on. And with the revolutionary IQ8 Microinverter, the industry's first microgrid-forming microinverter launched late last year, the Enphase Energy System offers homeowners even greater resilience than ever before."At Complete Solar, we only partner with high-quality, solar technology providers to ensure the highest level of the customer experience," said Dave Anderson, co-founder and chief marketing officer at Complete Solar, an Enphase Gold level installer. "The Enphase Energy System is powered by the most innovative microinverter and battery technology, and we're proud to deliver this next-generation home energy solution to homeowners across the country, unlocking unmatched energy resilience, savings, and independence."
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RCAT | Hot Stocks08:15 EDT Reveal Technology, Teal Drones partner to enhance 'Farsight' mapping software - Military tactical teams' ability to quickly produce accurate maps of areas targeted for military operations can mean the difference between mission success or failure. Meeting this need, Reveal Technology has teamed with Teal Drones to enhance Reveal's "Farsight" mapping software by automatically combining imagery from multiple unmanned aerial systems to produce high-fidelity 3D maps. By dramatically increasing the speed of collection, users receive Farsight maps and analytics faster than ever. The groundbreaking technology was recently successfully demonstrated to U.S. Army Special Operations Command near Fort Bragg.
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SMTC | Hot Stocks08:13 EDT Semtech's LoRa Devices integrated into IoT Ventures, Lacuna Space - Semtech Corporation announced a collaboration with New Zealand's IoT Ventures and global connectivity provider Lacuna Space. IoT Ventures has used Semtech's LoRa devices to develop its Drought Early Warning System, a network of low-cost rainwater tank and rain monitors to analyze water consumption and rain forecasts in remote New Zealand and South Pacific Island communities. The water monitoring system features ultra-low power, small form-factor sensors, which are solar powered and provide an in-field life of seven to 10 years without intervention, according to IoT Ventures. In addition, the Drought Early Warning System is starting to use Semtech's Long Range-Frequency Hopping Spread Spectrum satellite connectivity to seamlessly integrate with a terrestrial network using LoRaWAN, delivering a flexible solution for isolated locations, and can be deployed and managed by local citizens without requiring substantial internet service provider infrastructure. Matt Hector-Taylor, co-founder at IoT Ventures, said, "By combining low-cost sensors with LoRa and strong connectivity signal capabilities, the joint solution helps provide consistent access to clean drinking water for citizens of some of the most remote islands in the world, supports the United Nations Sustainability goals and reduces crisis response."
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AXU HL | Hot Stocks08:13 EDT Alexco Resource acquisition by Hecla Mining recommended by Glass Lewis - Alexco Resource (AXU) announced that a second independent, third-party proxy advisory firm, Glass Lewis, has recommended Alexco shareholders vote "for" the proposed acquisition of Alexco by 1080980 B.C., a subsidiary of Hecla Mining Company (HL) at the upcoming special meeting of securityholders to be held on August 30. Under the terms of the Arrangement, Alexco Shareholders will receive 0.116 common shares in the capital of Hecla for each Alexco Share held. In their report, Glass Lewis noted: "Based on the compelling rationale underpinning the proposed merger, as well as reasonable financial terms, we believe that the proposed merger warrants shareholder support." Alexco's board of directors unanimously recommends that securityholders vote for the Arrangement Resolution.
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ETNB | Hot Stocks08:12 EDT 89bio completes enrollment in Phase 2b trial of pegozafermin for NASH treatment - 89bio announced that it has completed enrollment in ENLIVEN, the Phase 2b trial of pegozafermin for the treatment of NASH. "We are very pleased to have successfully completed enrollment of 219 total patients in ENLIVEN, a well-powered trial that builds on positive data demonstrating pegozafermin's broad metabolic effects and favorable safety/tolerability profile," said Hank Mansbach, Chief Medical Officer of 89bio. "The impressive pace of enrollment is a testament to both the high level of engagement by our clinical trial sites and our team's strategic execution and brings us one step closer to addressing the need for new treatment options for patients suffering from NASH. We see this as a significant milestone in the pegozafermin clinical program and, building on this momentum, we expect to report topline data from ENLIVEN in the first quarter of 2023."
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MFGCF | Hot Stocks08:12 EDT Mayfair Gold completes Fenn-Gib North Block Phase 1 regional drill program - Mayfair Gold announced the completion of the Company's maiden North Block regional exploration drill program at the Fenn-Gib Project, located in the Timmins region of Northeast Ontario. Prior to Mayfair's acquisition of Fenn-Gib, there was only limited systematic regional exploration on the 32.55km2 North Block, which hosts a NI 43-101 Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300 meters wide at the west end. The North Block regional program commenced in January with ground geophysics over the priority Talisman and Horseshoe targets. Drilling at the Talisman Target, located approx. 350m west of the Fenn-Gib deposit, commenced on March 3, 2022, and a total of 2,631m was drilled in nine holes. At the Horseshoe Zone, located approx. 500m northwest of the Fenn-Gib deposit, a total of 4,871m was drilled in 13 holes. Assay results are currently pending. The North Block regional exploration program has now been expanded to include line cutting across substantially all of the high potential northern portion of the property. This program includes soil sampling, mapping, and ground geophysics to define targets for a Phase 2 drill program planned for next winter.
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IONQ EADSY | Hot Stocks08:11 EDT IonQ, Airbus sign agreement to collaborate of aircraft loading project - IonQ (IONQ) announced a collaboration with Airbus (EADSY) to explore the potential application and benefits of quantum computing for aerospace services and passenger experiences. The Quantum Aircraft Loading Optimization & Quantum Machine Learning project will be a 12-month project that culminates in the development of a prototype aircraft-loading quantum application, hands-on collaboration and coaching sessions for Airbus developers and engineers, and an exploration of future integrations of quantum computers for Airbus and its customers. Airbus' partnership with IonQ is the first step toward developing smarter algorithms based on quantum computers that can potentially lead to cost savings due to more optimized distribution of cargo on flights. Looking long-term, Airbus hopes to use quantum algorithms to improve other areas of air travel, including reduced fuel consumption, better aerodynamics, and optimized trajectories. "As the aerospace industry looks for new ways to navigate the continued impact of the pandemic and overcome supply chain hurdles, we're pleased to collaborate with Airbus and provide them with the quantum tools and expertise to develop improved aircraft-loading capabilities," said Peter Chapman, CEO and President, IonQ. "While it's still early days in our yearlong project, the potential for quantum to reshape how airplane manufacturers balance passenger experience with aircraft production and performance is what excites our team most for what's next in the aviation industry."
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DORM | Hot Stocks08:10 EDT Dorman Products to acquire Super ATV for $490M cash in accretive deal - Dorman Products announced that it has entered into a definitive agreement to acquire Super ATV for $490M cash at closing, plus an earn-out of up to $100M in the aggregate payable over a two-year period subject to certain performance targets being achieved in 2023 and 2024. When adjusted for approximately $45 million present value of estimated tax benefits, the transaction value before earn-out is $445M. The transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second half of 2022. SuperATV is a leading independent supplier to the powersports aftermarket with a family of highly respected brands spanning functional accessories and upgrades, as well as replacement parts for specialty vehicles. SuperATV represents a unique opportunity to leverage Dorman's "New to the Aftermarket" engine in a highly attractive and rapidly growing adjacent market, consistent with Dorman's strategic priorities. SuperATV generated $211M in net sales in fiscal 2021. Dorman expects the acquisition of SuperATV to be immediately accretive to margins and adjusted EPS, excluding one-time charges and acquisition-related intangible assets amortization. Additionally, Dorman anticipates significant opportunities to catalyze incremental growth via new product innovation through its "New to the Aftermarket" engine. In connection with the transaction, Dorman expects to obtain a $500M incremental credit facility under the terms of its existing credit agreement, resulting in net leverage of less than 2.3x. The cash flow generation of the combined company is expected to provide Dorman with flexibility to continue executing on its strategic priorities. Until the transaction closes, both companies will operate independently.
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DT... | Hot Stocks08:10 EDT Dynatrace appoints Fitzpatrick as General Counsel, Quackenbush as CPO - Software intelligence company Dynatrace (DT) announced the appointment of two new executives to its leadership team. As General Counsel, Nicole Fitzpatrick is accountable for all Dynatrace legal and regulatory affairs worldwide and will lead the company's global Environment, Social, and Governance program. As Chief People Officer, CPO, Sue Quackenbush is responsible for driving Dynatrace talent strategies and a workplace culture that continues to foster innovation, customer-centricity, and inclusiveness. Fitzpatrick brings more than 20 years of legal experience to Dynatrace. Before this role, she served as Chief ESG Officer and Deputy General Counsel at cloud computing leader Akamai Technologies (AKAM). Quackenbush brings more than 25 years of human resources experience to Dynatrace. Before this position, she served as Chief Human Resources Officer at cloud communications leader Vonage (VG).
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GSUN | Hot Stocks08:09 EDT Golden Sun to resume in-person tutorial services in Shanghai - Golden Sun Education Group announced that on August 9, 2022, following the ease of the control and preventive measures associated with the Covid-19 pandemic in Shanghai, the Company has applied to resume in-person tutorial services with the Shanghai Municipal People's Government, and expects to receive official approval by the end of August 2022. Since March 12, 2022, pursuant to the preventive measures, training institutions and childcare institutions in Shanghai have not been allowed to carry out in-person training or childcare services. To resume its in-person operations, the Company is required to submit an application to the Shanghai Municipal People's Government. Upon approval of the application, the Company will be required to display a venue code to the public and all the Company's employees must have negative results of nucleic acid test taken within 24 hours.
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VSAT RIG | Hot Stocks08:09 EDT ViaSat joins Inteliwell well construction JV with Transocean, Intellilift - Viasat (VSAT) has agreed to join Inteliwell, a JV with Transocean (RIG) and Intelilift, a subsidiary of Nekkar ASA. Inteliwell's mission is to decrease drilling times through rig automation and streamlining of the well construction process using new processes and tools driven by artificial intelligence. Inteliwell will offer a suite of applications that will provide an end-to-end, closed-loop workflow for well construction planning, execution, and monitoring. For its part, INTELIE by Viasat, part of the company's 2021 RigNet acquisition, will provide operational AI expertise, real-time data analytics, and planning components to the Inteliwell JV. The offering will be comprised of three key applications: InteliPlan, InteliAutomate and InteliAssist, which will create digital well plans that interface with a drilling rig's control system to autonomously execute tasks, greatly expediting the well construction process.
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VISL | Hot Stocks08:08 EDT Vislink present updates to IQ Sports Producer at IBC 2022 - Vislink will showcase the latest updates to its AI-driven IQ Sports Producer at IBC 2022, including the ability to now also use a range of Pan-Tilt-Zoom cameras to capture live events with the highest quality optics, and encode the AI-directed content for live streaming platforms. In addition, this capability is supported by Vislink's full suite of software tools, including LinkMatrix and NFT Clipper. Vislink's IQ Sports Producer provides high quality live broadcast sports productions driven by an artificial intelligence engine, to track the sporting action and produce an exciting and engaging production. IQ Sports Producer delivers broadcast quality images using a choice of high-quality 4K camera systems to produce single or multi-camera productions, such as the company's Stellar Cam. Now, the use of PTZ cameras can be integrated into the IQ Sports Producer workflow. This provides users with the highest quality imaging by dedicating the full frame of the PTZ camera image to the sporting action at full broadcast frame rates. Further, a simple overview camera allows the AI engine to steer the broadcast PTZ camera to the heart of the sporting action.
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TNDM | Hot Stocks08:08 EDT Tandem Diabetes achieves milestone of 1M insulin boluses delivered using app - Tandem Diabetes Care announced that t:slim X2 insulin pump users have delivered more than 1 million insulin boluses using the t:connect app feature on their personal mobile device in the first month following its commercial release. "The rapid adoption of our mobile bolus feature demonstrates the importance of our offering new technologies that provide lifestyle benefits, in addition to improved clinical outcomes, to people living with diabetes," said John Sheridan, President and CEO of Tandem Diabetes Care. "We are committed to leading in diabetes technology by continually enhancing the solutions we provide and offering best-in-class customer care."
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BOX INFA | Hot Stocks08:07 EDT Box announces appointment of Walia to board of directors - Box (BOX) announced the appointment of Amit Walia to its Board of Directors, effective immediately. Walia brings more than 25 years of deep industry expertise, including his operating roles as CEO of Informatica (INFA)and President of Products and Marketing at Informatica.
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ABM | Hot Stocks08:06 EDT ABM to acquire RavenVolt for initial price of $170M - ABM announced it has entered into a definitive agreement to acquire RavenVolt, headquartered in Alpharetta, Georgia, in an all cash transaction. RavenVolt is a leading nationwide provider of advanced turn-key microgrid systems utilized by diversified commercial and industrial customers, national retailers, utilities, and municipalities. RavenVolt employs over 80 people and is projected to generate revenue of $70 million to $80 million and EBITDA of $17 million to $19 million in calendar 2022. The transaction is expected to close during ABM's fourth fiscal quarter of 2022, subject to the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Act and other closing conditions. The acquisition of RavenVolt is reflective of ABM's ELEVATE strategy to grow via strategic acquisitions which expand the Company's core capabilities in attractive and dynamic end-markets, such as the rapidly growing and evolving microgrid market. Commercial customers are increasingly turning to microgrids as the solution of choice to bolster their on-site energy capacity, reduce emissions and meet sustainability goals, and ensure power resiliency during periods of primary power grid disruption. RavenVolt designs and installs customized microgrid solutions, including RavenVolt branded generators and switchgear that deliver modular and redundant power to ensure energy resiliency and reliability. The acquisition of RavenVolt is a natural extension of ABM's Technical Solutions service offerings and enhances ABM's position as a market leader in EV infrastructure, power and bundled energy solutions. The addition of RavenVolt's microgrid capabilities also offers ABM the potential to accelerate growth in its eMobility business through the delivery of customized power solutions in facilities where additional power generation capacity is needed to support EV charging. ABM will acquire RavenVolt for an initial purchase price of $170 million in cash at closing, plus the potential for post-closing earn-out consideration payable in cash in calendar years 2024, 2025, and 2026, if the RavenVolt business achieves certain financial metrics in calendar years 2023, 2024 and 2025. The maximum aggregate cash earn-out payment amount is $280 million, resulting in a maximum total purchase price of $450 million. To achieve the full earn-out of $280 million, RavenVolt would need to generate cumulative EBITDA of $150 million in calendar years 2023 through 2025.
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ARCT | Hot Stocks08:06 EDT Arcturus Therapeutics reports durability data against omicron variants - Arcturus Therapeutics announced updated data from its ongoing ARCT-154 booster clinical trial. The new results demonstrate broad neutralizing antibody response against Omicron variants of concern, including BA.5, lasting for up to at least six months after administration of low-dose ARCT-154 booster. "Our next generation low-dose self-amplifying mRNA technology continues to differentiate itself from conventional mRNA vaccine technology as a highly and broadly immunogenic endemic vaccine platform with durable responses against the most challenging variants including Omicron BA.5 for at least 6 months," said Joseph Payne, President and CEO of Arcturus Therapeutics. "Further validation of the breadth and duration for the immune responses to ARCT-154 are planned in upcoming pivotal clinical trial activities." Data shown above illustrate the ongoing antibody responses to single, low (5 microgram) booster doses of ARCT-154 in healthy adults previously vaccinated with Comirnaty. Samples taken at one, three, and six months after vaccination are shown. After one month and three months, neutralizing antibody responses to Omicron BA.5 were 33- and 20-fold elevated over pre-boost responses, respectively. After six months, neutralizing antibody responses to Omicron BA.1, BA.2, BA.5 ranged from 22- to 52-fold, 25- to 55-fold, and 9 to 24-fold elevated over pre-boost responses, respectively. These data show sustained neutralizing responses to antigenically distinct variants of concern, including Omicron BA.5, for at least six months after vaccination.
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TOWN | Hot Stocks08:06 EDT TowneBank to acquire Farmers Bankshares and Farmers Bank in accretive deal - Hampton Roads based TowneBank and Farmers Bankshares announced the signing of a definitive merger agreement pursuant to which Farmers Bankshares, Inc. and Farmers Bank, will merge with and into TowneBank. The proposed transaction will solidify TowneBank's number one market share in the Virginia Beach-Norfolk-Newport News MSA adding Isle of Wight and Southampton counties to the company's service area while expanding Towne Insurance revenues. Based on financials reported on June 30, the combined companies would have total assets of $17.5B, loans of $10.9B and deposits of $14.5B. Under the terms of the agreement, shareholders of Farmers will receive 0.6050 shares of TowneBank common stock for each share of Farmers owned. This implies a deal value per share of $17.82, or approximately $56M, based on TowneBank's 20-day average stock price of $29.46 ending Wednesday, August 17. TowneBank expects the merger to be approximately 5% accretive to earnings per share with fully phased-in cost savings on a GAAP basis. TowneBank anticipates the tangible book value dilution per common share impact to be less than 3% on a GAAP basis and accretive excluding accumulated other comprehensive income and interest rate marks impact.
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VTSI | Hot Stocks08:04 EDT VirTra receives C$1.2M follow on order from Canada law enforcement agency - VirTra has received an order worth C$1.2M from a Canadian law enforcement agency. This order utilized the previously announced standing offer from the Government of Canada to supply marksmanship and judgmental use of force simulation technology to various law enforcement facilities. As part of the order, the agency will receive multiple V-100 and V-180 simulators and associated tools and accessories designed for simulator training, including drop-in recoil kits and V-Author scenario authoring software. Part of the order will also include hands-on training for system and hardware operation. All services and products ordered by the Canadian agency will be delivered before the end of February 2023 as per the contract. The standing offer, solely awarded to VirTra, makes the buying process more efficient for all federal, provincial, and municipal law enforcement agencies in Canada to obtain standardized training simulators in a streamlined process.
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ATIF | Hot Stocks08:04 EDT ATIF Holdings to provide IPO advisory services to Massimo Motor Sports - ATIF Holdings is pleased to announce that it has signed a definitive agreement for $800,000 to provide IPO advisory services to Massimo Motor Sports, which manufactures all-terrain vehicles and utility task vehicles in Garland, Texas.
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CRIS | Hot Stocks08:04 EDT Curis allowed to resume enrollment of emavusertib study in lymphoma - Curis announced that the FDA has lifted the partial clinical hold on the TakeAim Lymphoma Phase 1/2 study of emavusertib after reviewing the comprehensive data package submitted by Curis. Previously, the FDA had placed separate partial clinical holds on the TakeAim Leukemia and TakeAim Lymphoma studies on April 4 and April 11, respectively. The partial clinical hold was lifted following agreement with the FDA on Curis's strategy for rhabdomyolysis identification and management, as well as on the enrollment of at least nine additional patients at the 200 mg dose level of emavusertib in combination with ibrutinib. With the partial clinical hold lifted on the TakeAim Lymphoma study, the Company is updating its timeline for clinical data release to reflect the availability of updated preliminary data from this study in 2023. In addition, Curis is proactively discussing the clinical plans for emavusertib, including alignment on optimal dose and development path, with DHM2 for the TakeAim Lymphoma study. The TakeAim Leukemia study is a Phase 1/2 open-label dose escalation, dose expansion clinical trial investigating emavusertib as a monotherapy and in combination with azacitidine or venetoclax in patients with relapsed or refractory AML or high risk MDS.
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VMW | Hot Stocks08:04 EDT VMware announces next evolution of VMware Partner Connect - VMware announced the next evolution of VMware Partner Connect - the company's singular, unified, global partner program. Partner Connect's new framework aligns to today's cloud, services, and solutions-centric business models, and will help partners drive better business performance and profitability today while transforming their businesses for tomorrow. "VMware has applied learnings from thousands of partners to drive the next evolution of Partner Connect and help partners perform while they transform. VMware is well positioned to help partners capture on the massive and growing opportunity in multi-cloud," said Tracy-Ann Palmer, vice president, Partner Experience, Programs and Investments, VMware. "We now have one unified partner program that will be more flexible and efficient, with simpler paths to progression and more tools to help manage partners' VMware business."
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UDMY | Hot Stocks08:03 EDT Udemy certifies for equitable pay practices by Fair Pay Workplace - Udemy announced it has been certified by Fair Pay Workplace. Fair Pay's certification process entailed an independent and robust examination of Udemy pay practices and procedures, including several months of rigorous internal statistical analyses on pay and workforce data and a commitment to follow an ongoing tailored action plan to maintain and build upon Udemy's fair pay practices for its over 1,500 employees.
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BKYI | Hot Stocks08:01 EDT BIO-key to showcase authentication methods at Gartner IAM Summit - BIO-key International will showcase new innovations at the Gartner Identity and Access Management Summit at Caesars Palace in Las Vegas, Nevada, August 22-24th. BIO-key will highlight new authentication methods, as additions to the current PalmPositive palm scanning method, for its BIO-key MobileAuth mobile app, including FacePositive for server-secured facial recognition, device-based biometrics for Android and iOS, and new push token support. They will also highlight a new admin user experience for its award-winning PortalGuard Identity-as-a-Service platform.
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SNCE | Hot Stocks07:58 EDT Science 37, Syapse partner to enable faster enrollment in oncology trials - Science 37 Holdings and Syapse announced a partnership to deploy proprietary real-world data intelligence and analytics that will help identify suitable patients for oncology clinical trials-ultimately speeding up the enrollment process.
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DMTTF | Hot Stocks07:53 EDT Small Pharma announces TSXV approval of normal course issuer bid - Small Pharma announces that the TSX Venture Exchange has accepted the Company's application for its normal course issuer bid for up to five million common shares in the capital of the Company, representing 1.55% of the issued and outstanding Shares, over a 12-month period. The NCIB is expected to commence on August 19, 2022 and continue until August 18, 2023 or earlier in the event that the Company has acquired the maximum number of Shares that it may purchase under the NCIB or if the Company determines that it is appropriate to terminate the NCIB prior to the Termination Date. The actual number of Shares that will be purchased under the NCIB, if any, and the timing of such purchases will be determined by the Company from time to time. All purchases made pursuant to the NCIB will be made through the facilities of the TSXV in open market transactions or by such other means as may be permitted under applicable securities laws and the policies of the TSXV. All Shares purchased under the NCIB will be cancelled. The Company has engaged Eight Capital as the broker through which the Company will conduct purchases under the NCIB pursuant to the policies of the TSXV. The price that the Company will pay for the Shares purchased under the NCIB, if any, will be the market price of such Shares at the time of the applicable purchases. To the knowledge of the Company, no director, senior officer or other insider of the Company currently intends to sell any Shares under the NCIB.
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KONEF | Hot Stocks07:41 EDT Wellbeing Digital Sciences issues letter from CEO - Wellbeing Digital Sciences provides corporate update in a letter from the CEO, Najla Guthrie, to its shareholders. "Dear Fellow Shareholders: September will mark six months as Wellbeing Digital's new CEO... During this time, I have had the pleasure of meeting many of you, our business partners, and getting to know our key employees... My commitment is to provide shareholder value and grow a truly innovative company. The team at Wellbeing and our subsidiaries have a number of ongoing projects to meet that goal. I am happy to report that Wellbeing's subsidiary KGK Sciences has $17 million of future revenue as of end of June, which we project to complete in the next 12 to 18 months through our research and consulting contracts, with $10-11 million to be billed in the next 12 months. In addition, KGK's transition to our new London Ontario state-of-the art-research center remains on schedule, and we are delighted to host you all there during our grand opening reception slated to take place in mid - September... We are advancing our digital therapeutics program through our strategic partnerships to optimize psychedelic medicine... We are evaluating additional strategic acquisitions to expand and enhance our extensive North American clinical network to provide access to innovative treatments to a growing patient base... The basis of our roadmap reflects our alignment with the market. I assure each of you that we are committed to further development of our assets and team to bring additional revenue to our business. While this is a turbulent market, I am not shaken and remain very committed and optimistic about the future of Wellbeing and its subsidiaries..."
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OAMCF | Hot Stocks07:41 EDT OverActive Media to host Canadian Overwatch League tournament - OverActive Media will host Canada's first-ever Overwatch League tournament from September 8 to September 11 at the Mattamy Athletic Centre in Toronto. This high-profile best-on-best esports tournament will see the top Overwatch players in the world compete for a $225,000 USD prize pool. The Toronto Defiant Summer Showdown Tournament powered by Bell will bring together esports, gaming, sports and entertainment fans to experience an action-packed four-day event, solidifying the city's position as a global esports hub. The tournament takes place ahead of the highly anticipated Overwatch 2 game launch which features a Toronto map, New Queen Street. The map is a tribute to the city and a patriotic moment for the Canadian Overwatch community as it includes notable landmarks like the CN Tower, City Hall, the Gooderham Building and the iconic Toronto sign.
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BNFT | Hot Stocks07:40 EDT Benefitfocus announces completion of $140M senior secured credit facility - Benefitfocus announced that it has entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million to replace the Company's existing revolving line of credit. The Senior Secured Credit Facility matures in August 2026 and includes a $15 million revolver and a $125 million delayed draw term loan. At closing, the Term Loan will be unfunded resulting in a leverage neutral transaction. Benefitfocus plans to use the proceeds of any borrowing under the Senior Secured Credit Facility for general corporate purposes and refinancing of existing indebtedness.
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ALNY | Hot Stocks07:38 EDT Alnylam to present data from the APOLLO-B Phase 3 study of patisiran - Alnylam Pharmaceuticals announced that the Company will present data from the APOLLO-B Phase 3 study of patisiran, an investigational RNAi therapeutic in development for the treatment of transthyretin-mediated, ATTR, amyloidosis with cardiomyopathy, during a late-breaker session at the 18th International Symposium on Amyloidosis on September 8, 2022. The Company announced positive topline results from the APOLLO-B study earlier this month. In addition, results from the Global Open-Label Extension study of patisiran, an RNAi therapeutic approved for the treatment of the polyneuropathy of hereditary ATTR amyloidosis in adults, will be presented at ISA, as well as results from a multicenter observational study evaluating the effectiveness of patisiran in patients with the polyneuropathy of hATTR amyloidosis with a V122I or T60A variant.
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PUBM | Hot Stocks07:37 EDT PubMatic expands with engineering hubs in Pune and New Delhi - PubMatic announced the opening of new offices in Pune and New Delhi to support the company's global headcount and business growth. The expansion is part of a program of major investments in the company's platform and engineering teams as it gains market share. PubMatic recently announced revenue in the second quarter of 2022 of $63M, an increase of 27% over US $49.7M in the same period of 2021. PubMatic's long history of profitability has allowed the company to continue to invest in technology infrastructure and people, despite a challenging macroeconomic environment. Earlier this year, the company announced plans to double global engineering headcount by late 2023 and is well-positioned to meet this goal. The company increased India based headcount by 30% over the past year and engineering headcount by 37% over the same period. PubMatic is continuing to invest in growing its team, with more than 100 open roles across India.
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KSS | Hot Stocks07:36 EDT Kohl's drops 8% to $31.25 after FY22 EPS guidance misses estimates - The company also cut its FY22 revenue growth outlook.
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BBIO | Hot Stocks07:35 EDT BridgeBio announces 1st patient dosed in trial of BBP-671 to treat PA and MMA - BridgeBio Pharma announced that the first patient has been dosed in its Phase 1 clinical trial of BBP-671, an investigational oral therapy being developed for the potential treatment of conditions caused by coenzyme A deficiencies. BBP-671 is an investigational oral therapy intended to increase CoA levels by allosterically modulating pantothenate kinases, key enzymes in the CoA biosynthesis pathway. It is being developed as a potential therapy for diseases in which CoA metabolism is deficient, including propionic acidemia, methylmalonic acidemia and pantothenate kinase-associated neurodegeneration. PA, MMA, and PKAN affect an estimated 7,000 patients in the United States and European Union collectively, with PA and MMA typically diagnosed in early infancy. BBP-671 is based on breakthrough scientific developments from St. Jude Children's Research Hospital in Memphis, Tennessee. "We are eager to advance the trial of BBP-671 in the hope that it will provide a positive improvement for patients, valuable data, and ultimately lead to a meaningful therapy for patients who currently have no approved treatment options," said Zineb Ammous, M.D., clinical geneticist and Medical Director of The Community Health Clinic in Topeka, Indiana, which specializes
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JAZZ | Hot Stocks07:33 EDT Jazz Pharmaceuticals initiates Phase 3 trial of Epidiolex - Jazz Pharmaceuticals has initiated a new Phase 3 trial to investigate the efficacy and safety of Epidiolex - cannabidiol -, known as Epidyolex in Europe, in children and adolescents with Epilepsy with Myoclonic-Atonic Seizures, or EMAS. The study will investigate EMAS-associated seizure frequency over the 14-week treatment period compared to baseline. The company's cannabidiol is not currently approved in the U.S. or EU for the treatment of EMAS. EMAS is a developmental and epileptic encephalopathy that begins in early childhood. EMAS accounts for between one and two percent of all childhood-onset epilepsies.Seizures in children with EMAS are often difficult to treat and may not respond well to medication. The Phase 3 trial was initiated based on preliminary data from the company's clinical development program, including real-world evidence, that supports cannabidiol as an effective therapy for the treatment of myoclonic-atonic-associated seizures.
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CRNT AVNW | Hot Stocks07:32 EDT Ceragon Networks urges holders to vote against Aviat Networks' proposals - Ceragon Networks (CRNT) issued the following statement as a reminder to shareholders regarding the importance of their vote at the company's Extraordinary General Meeting scheduled to be held next week, on August 23. Ceragon also reminds shareholders to make sure to vote in sufficient time for their proxies to be received, no later than 4:00 pm Israel time on August 22. "Ceragon's EGM is fast approaching and it is important that all shareholders vote as soon as possible "AGAINST" all proposals on the WHITE proxy card. Your vote is important because our competitor, Aviat Networks (AVNW), is seeking to take control of Ceragon's Board with its own hand-picked director nominees to force an expedited sale to Aviat at a low-ball price that lacks sufficient evidence of financing and deal certainty. In recommending AGAINST Aviat's nominees, Institutional Shareholder Services confirmed that Aviat's offer lacks the certainty seen in typical M&A proxy contests. Moreover, many of our shareholders, including our largest shareholder, have expressed support for our Board and believe that Aviat's indication of interest significantly undervalues Ceragon."
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PSN | Hot Stocks07:26 EDT Parsons joins United Nations Global Compact Initiative - Parsons Corporation announced that the company joined the United Nations Global Compact Initiative - a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices that improves global sustainability. Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,800 non-business signatories based in over 160 countries, and more than 69 local networks.
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CVAC GSK | Hot Stocks07:23 EDT CureVac starts Phase 1 study of omicron-targeting COVID vaccine candidate - CureVac N.V. (CVAC) announced the start of a Phase 1 study of the modified COVID-19 mRNA vaccine candidate CV0501, administered as a booster dose to previous COVID-19 vaccination. Developed in collaboration with GSK (GSK), CV0501 is based on CureVac's second-generation mRNA backbone and is designed to specifically protect against the Omicron variant. The CV0501 study follows the start of a Phase 1 study in March 2022 that evaluates an unmodified second-generation COVID-19 vaccine candidate CV2CoV, encoding for the original virus variant. The comprehensive approach to evaluate both an unmodified and a modified, second-generation vaccine candidate against COVID-19 is expected to identify the best-performing candidate for later-stage clinical development. In line with this approach, data from both studies are expected to be reported as a combined data set. The Phase 1 dose-escalation study will be conducted at clinical sites in the U.S., the UK, Australia, and the Philippines and is expected to enroll up to 180 healthy, COVID-19-vaccinated adults to evaluate the safety, reactogenicity and immunogenicity of a single booster dose of CV0501 in the dose range of 12microgram to 50microgram. Additional dose levels below 12microgram and above 50microgram may be evaluated if supported by safety and immunogenicity data at these dose levels.
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NESRF ZIJMY | Hot Stocks07:22 EDT Vox provides gold royalty developments, exploration updates - Vox Royalty provides recent development and exploration updates from royalty operating partners Norton Gold Fields, Northern Star Resources Limited (NESRF), Black Cat Syndicate, Norwest Minerals, and Tartisan Nickel. Kyle Floyd, Chief Executive Officer stated: "The past two months have seen material progress on certain Vox gold royalty assets, with the opening of the Binduli North gold mine, ongoing construction at the Otto Bore gold mine by Northern Star and meaningful pre-production planning at the Bulong and Bulgera gold toll-treatment projects. This progress continues to support Vox management expectations of organic growth from 6 to 10 or more producing royalties by late 2023 and further revenue growth." Key Updates: Official opening of the Binduli North heap leach mine covered by the Janet Ivy gold royalty, released by Zijin Mining Group (ZIJMY) subsidiary, Norton Gold; Construction update for the Otto Bore gold mine by Northern Star; Final high grade drilling results at the Myhree gold deposit by Black Cat, which is covered by the Bulong royalty; Development of pit designs, completion of a potential site layout and preparations for Mining Lease application at the Bulgera gold deposit by Norwest; and Completion of a Preliminary Economic Assessment and permitting update on the Kenbridge nickel project by Tartisan, indicating a potential 9-year mine life with a goal of production in approximately 3 years.
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PEB | Hot Stocks07:21 EDT Pebblebrook Hotel provides operating update - Pebblebrook Hotel Trust provided an update on recent operating trends. On August 2, the Company sold Sofitel Philadelphia at Rittenhouse Square in Philadelphia, PA for $80 million. The Company currently has two additional hotels under contract for sale for approximately $103.9M of gross proceeds. July estimated operating results exceeded expectations due to robust leisure demand and the continuing rapid recovery in business demand. This was the first month that room revenues, total revenues and hotel EBITDA exceeded 2019 results. Business travel demand, both group and transient, saw further improvement in July. Urban hotel occupancies reached 79% for the last two, non-holiday weeks, in July, with rates at a 7% premium over June 2019. Leisure travel demand continued to show strength throughout July and ADR premiums over the comparable period in 2019 remain very strong.
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GMSQF | Hot Stocks07:17 EDT Gamesquare Esports' Fourth Frame to be represented by UTA - GameSquare Esports announced that Fourth Frame Studios, a GameSquare Esports company, will be represented by United Talent Agency. Led by Damon Lau, Head of UTA's Gaming & Esports department, the team intends to introduce leading brands to Fourth Frame Studios' talented content production capabilities and its focus on youth culture and gaming content which is bridging the gap to make content more accessible and inclusive.
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SDGR | Hot Stocks07:16 EDT Schrodinger appoints Porges as Chief Financial Officer - Schrodinger announced the appointment of Geoffrey Porges, MBBS., as chief financial officer. Dr. Porges brings to Schrodinger more than 30 years of experience in executive, advisory and investment roles within the biopharmaceutical industry. As Schrodinger's CFO, he will lead all aspects of the company's financial operations and investor relations and corporate affairs activities. He will also oversee business development and strategic planning for the company's proprietary pharmaceuticals and biopharmaceutical collaborations. Dr. Porges joins Schrodinger from SVB Securities, where he was most recently vice chairman.
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KXSCF | Hot Stocks07:15 EDT Kinaxis selected by Confluent Medical for supply chain planning - Kinaxis announced that Confluent Medical Technologies has selected Kinaxis to digitize and introduce advanced supply chain planning capability for greater agility to demand changes, planning accuracy and inventory management. With Kinaxis, Confluent will have complete transparency of its supply chain, the ability to run multiple simulations and collaborate in real-time and leverage a full suite of applications to give the agility and flexibility needed to react to market volatility and changes in demand. Confluent joins a growing life sciences network within Kinaxis. "Getting the right products into the hands of patients when they need them and keeping up with regulations, life sciences supply chains are about as complex as they come," said John Sicard, Kinaxis CEO. "That makes end-to-end coordination and orchestration vital. We are excited to work with Confluent to help them reach all of their supply chain goals."
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MBOT | Hot Stocks07:12 EDT Microbot Medical to present self-cleaning shunt at AACNS - Microbot Medical announced that it will be presenting the Company's Self-Cleaning Shunt, SCS, at the 16th Asian Australasian Congress of Neurological Surgeons, AACNS. The AACNS is hosted by the Israel Neurosurgery Society and is being held from September 6th - 8th in Jerusalem, Israel.Dr Gustavo Rajz, Head of Pediatric Neurosurgical Unit at Shaare Zedek Medical Center, Jerusalem, will be hosting a live presentation of the Self-Cleaning Shunt in the Neuro Innovation and Start-Up Symposium, which is being held on September 7th. Additionally, Or Samoocha, Director and R&D Project Manager at Microbot, is scheduling one on one meetings with physicians to further introduce and demonstrate the latest developments of the Company's SCS technology and to gain additional clinical input. For those interested in learning more about the SCS or are interested in a meeting/demonstration, please email the Company at events@microbotmedical.com. Please note that due to limited availability, some meeting requests may not be fulfilled during the conference, however, a virtual meeting can be arranged.
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LOCO | Hot Stocks07:11 EDT El Pollo Loco adds to value selection menu - El Pollo Loco is doubling down on value with deals including an expanded $5 Fire-Grilled Combo menu, with the rollout of the new Shredded Chicken Quesadilla Combo, and Family Feast offerings starting at $24.
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MESO | Hot Stocks07:09 EDT Mesoblast appoints Jane Bell to its Board of Directors - Mesoblast Limited announced that it has appointed Jane Bell to its Board of Directors. Ms Bell is a banking and finance lawyer with 22 years of corporate finance expertise focussing on international investment transactions in the United States, Canada, Australia and the United Kingdom, including funds management, mergers, acquisitions, and divestments. She has served as a non-executive Director in a diverse range of highly regulated sectors including delivery of healthcare, life sciences, medical research, and funds management.
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BCBNF | Hot Stocks07:08 EDT OTC Markets Group welcomes Base Carbon to OTCQX - OTC Markets Group announced Base Carbon has qualified to trade on the OTCQX(R) Best Market. Base Carbon Inc. upgraded to OTCQX from the Pink market. Base Carbon Inc. begins trading on OTCQX under the symbol "BCBNF.
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ONEW FRZA | Hot Stocks07:08 EDT OneWater Marine and Forza X1 announce strategic partnership - OneWater Marine (ONEW) and Forza X1 (FRZA) announced that the Companies have entered into a strategic partnership in which OneWater and Forza X1 will partner creating a distribution channel for Forza's integrated electric sports boats."The Forza team is on the cutting edge of next-generation marine technology with their portfolio of innovative electric boat models. We are very proud to partner with the team on the frontier of marine electrification," said Austin Singleton, Chief Executive Officer for OneWater Marine. "Our loyal and growing customer base places a high value on innovation and this partnership with Forza offers an exciting addition to our broad product portfolio for our customers."Under the terms of the agreement, OneWater and Forza X1 will provide customers with a multi-channel opportunity to design, order, finance and track their Forza X1 boat purchase, either through Forza's web and app platform or kiosks at one of OneWater's 96 retail locations. For customers who desire a more traditional boat buying experience, they will have the ability to engage one-on-one with sales representatives, experience test rides and pursue trade-in opportunities, which stands to benefit OneWater's pre-owned boat inventory.
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BCRX | Hot Stocks07:04 EDT BioCryst announces approval of ORLADEYO in Saudi Arabia - BioCryst Pharmaceuticals, announced that the Saudi Food and Drug Authority,SFDFA, has approved oral, once-daily ORLADEYO or berotralstat to prevent attacks of hereditary angioedema HAE in adults and pediatric patients 12 years of age and older in Saudi Arabia. "There is a significant need for new treatment options for HAE in Saudi Arabia. With this approval, we continue to deliver on our commitment to bringing our oral, once-daily prophylactic therapy to as many HAE patients around the world as possible," said Charlie Gayer, chief commercial officer of BioCryst. "This marks the second market in the MENA region in which ORLADEYO has been approved for patients living with HAE, building on the approval in the UAE last year. We are pleased with the decision from the Saudi FDA and we are committed to continuing our work with BioCryst to bring this important therapy to patients in the GCC who are in search of a more optimal treatment option to help manage their HAE," said Joe Henein, president and chief executive officer of NewBridge Pharmaceuticals. ORLADEYO was safe and well tolerated in clinical trials. The most frequently reported adverse reactions in patients receiving ORLADEYO compared with placebo were back pain and gastrointestinal reactions. The gastrointestinal reactions generally occurred early after initiation of treatment with ORLADEYO, became less frequent with time and typically self-resolved.
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BJ | Hot Stocks07:04 EDT BJ's Wholesale jumps 5% to $72.44 after Q2 results beat, FY22 guidance raised
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PXLW | Hot Stocks07:02 EDT Pixelworks makes strategic investment in Shanghai subsidiary - Pixelworks entered into an Equity Transfer Agreement with a group of private equity investors based in China for a portion of the company's equity interest in its majority owned subsidiary, Pixelworks Semiconductor Technology Shanghai, or PWSH. Collectively, the Purchasers have agreed to pay amounts in RMB equivalent to approximately $12.9M in exchange for a minority equity interest of 2.73% in PWSH. The purchase price values PWSH at RMB 3.2 billion or approximately $471.5M. Following the closing of the transaction, which is expected in September of 2022, Pixelworks will continue to hold an 80.87% equity interest in its PWSH subsidiary.
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VRTS | Hot Stocks07:01 EDT Virtus Investment raises quarterly dividend 10% to $1.65 from $1.50 per share - The third quarter 2022 common stock dividend will be paid on November 15 to shareholders of record at the close of business on October 31.
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BAM | Hot Stocks06:57 EDT Brookfield Business Partners renewing normal course issuer bid - Brookfield has received approval from the TSX for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the company's outstanding Class A Preference Shares that are listed on the TSX. The period of the normal course issuer bid will extend from August 22, 2022 to August 21, 2023, or an earlier date should Brookfield complete its purchases. All Preferred Shares acquired by Brookfield under this bid will be cancelled. Brookfield will enter into an automatic share purchase plan on or about the week of September 19, 2022 in relation to the normal course issuer bid.
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PEI | Hot Stocks06:57 EDT PREIT announces additions to Cherry Hill Mall - PREIT announced additions to its flagship, Cherry Hill Mall. Joining recently-opened Warby Parker and Marc Cain, PREIT is pleased to share that first-to-portfolio leases have been executed with fashion brands - Psycho Bunny and Levi's for Cherry Hill Mall. Psycho Bunny, expected to open in mid-2023, is the brainchild of British fashion designer Robert Godley and American clothier Robert Goldman, both veterans in the menswear industry. The classic men's apparel brand prides itself on doing everything better than it's been done before and its logo. Levi's, expected to open this holiday season, will be the only full price store in the South Jersey market. As one of the world's largest apparel companies and a global leader in jeans, the brand has over 500 stores worldwide and products are available in more than 100 countries. The mall is also set to welcome one of two Rumi Life stores in the market. The mission of Rumi Life is to fill and satisfy all of life's desires, wants and needs at an affordable price. Eddie V's , a prime quality seafood restaurant, offering a fine dining experience, is expected to open its first South Jersey location and second in the state at the property in spring 2023. Even a 96.2% occupancy as of June 30, 2022, PREIT continues to generate interest from new retailers looking to expand in the market.
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EL | Hot Stocks06:50 EDT Estee Lauder says Shanghai distribution facilities returned to normal capacity - The company states: "The COVID-19 pandemic continued to disrupt the Company's operating environment globally, primarily impacting supply chain, inventory levels and other logistics during the year ended June 30, 2022. The resurgence of COVID-19 cases in many Chinese provinces led to restrictions late in the fiscal 2022 third quarter that remained in place through the end of fiscal 2022 to prevent further spread of the virus. Consequently, retail traffic, travel and distribution capabilities were temporarily curtailed. The Company's distribution facilities in Shanghai operated with limited capacity to fulfill brick-and-mortar and online orders beginning in mid-March 2022 and returned to normal capacity by early June 2022."
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EL | Hot Stocks06:49 EDT Estee Lauder CEO says both brick-and-mortal and online segments grew globally - CEO Fabrizio Freda said, "We delivered excellent results in fiscal 2022, exceeding our expectations in the fourth quarter and achieving record revenue and profitability on an adjusted basis for the year. Our multiple engines of growth strategy proved invaluable amid pandemic and macro complexity, affording us the diversification to seize growth of the moment. The Americas and EMEA prospered, Fragrance soared, and Makeup realized the promise of its emerging renaissance. La Mer, MAC, and Jo Malone London led the contribution of double-digit organic sales growth by nine brands, impressive on its own and especially so given the significant pressure from COVID-19 in Asia/Pacific at the end of the year. Brick-and-mortar and Online each grew globally, as we capitalized on reopening, extended our consumer reach in high-growth channels, and amplified our omni-channel capabilities."
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BJ | Hot Stocks06:47 EDT BJ's Wholesale expects 11 new club openings in 2022 - Expansion plans remain on track with 11 new club openings expected in fiscal year 2022.
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BW | Hot Stocks06:33 EDT Babcock & Wilcox unit awarded $42M contract - Babcock & Wilcox announced that Babcock & Wilcox Construction Co. has been awarded a contract for approximately $42M to provide construction and installation services for an environmental upgrade project at a U.S. power plant. BWCC's project scope includes the modification of the plant's environmental equipment to optimize the plant's operation.
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CLR | Hot Stocks06:33 EDT Continental Resources appoints Doug Lawler as president - Continental Resources announced Doug Lawler is being promoted to President and COO. Doug joined Continental in February as COO and EVP following three decades in the oil and gas industry.
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BV | Hot Stocks06:32 EDT BrightView acquires Syringa Landscape, terms not disclosed - BrightView Holdings announced the acquisition of Syringa Landscape, a commercial landscaping company based in Boise, Idaho. Terms of the transaction were not disclosed.
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HSIC | Hot Stocks06:31 EDT Henry Schein raises share repurchase plan by $400M - Henry Schein announced that its Board of Directors has authorized the repurchase of up to $400M of shares of the company's common stock. This program is in addition to the $400M repurchase program announced in May 2021, which was fully executed. The company had approximately 136M shares outstanding as of August 17. This new authorization represents approximately 3.9% of shares outstanding at the current stock price.
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DLICY | Hot Stocks06:13 EDT Concourse Financial Group recruits Key Group Managment - Concourse Financial Group announced the successful recruitment of Key Group Management, a hybrid RIA practice with over $500M in client assets and nine financial professionals. Key Group Management, Inc. is affiliated with Concourse's FINRA-registered broker-dealer, Concourse Financial Group Securities. Key Group is led by Patrick Murray, CFP, ChFC, co-founder and President, and Colin Heafy, co-founder, President and Principal. The group, which has offices in New Jersey, Massachusetts and Arizona, specializes in providing holistic planning services to high-net-worth clients in the areas of insurance, estate planning, financial planning and wealth management.
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GNNSF | Hot Stocks06:11 EDT GenScript USA announces availability of monkeypox virus PCR test kit - GenScript USA announced the immediate availability of a monkeypox virus PCR test kit. The kit, which was developed in partnership with Anbio Biotechnology, can be ordered by diagnostic labs and medical device distributors to be used in research to provide detection of the monkeypox virus. The test kit has already received the CE mark for IVD use in the European Union.
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NBEV | Hot Stocks06:09 EDT NewAge receives late filing notice from Nasdaq - NewAge received an additional delinquency notice from Nasdaq dated August 11, notifying the company that it is not in compliance with the Nasdaq listing rule due to the company's failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30with the SEC. The company received notices from Nasdaq on April 1 and May 12 notifying the company that it was not in compliance with the Rule due to the delay in the filing of the company's Annual Report for FY21 and the delay in the filing of the company's Q1 report. The company submitted a plan of compliance and was granted an extension until September 27 to regain compliance. As a result of the additional delinquency identified in the August Notice, the company must submit an update to its original compliance plan to Nasdaq by August 26. If the company fails to timely regain compliance with the Rule, the company's common stock will be subject to delisting from Nasdaq.
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HITI | Hot Stocks06:09 EDT High Tide secures commitment letter from Connect First Credit Union - High Tide has entered into a binding commitment letter with Connect First Credit Union for a $19 million credit facility with an initial 5-year term at connectFirst's floor interest rate. The terms of the Credit Facility were renegotiated with connectFirst to provide a larger immediately-accessible facility for High Tide, with a smaller total commitment from connectFirst initially - which High Tide expects will grow over time. Upon closing the Credit Facility with connectFirst, the Company expects to use the proceeds to fund continued organic growth, general working capital requirements, and potential future M&A activities. The Company expects to close on the Credit Facility during the first half of September 2022, subject to certain pre-disbursement conditions and satisfaction of other customary conditions precedent.
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IBM | Hot Stocks06:07 EDT IBM, United States Tennis Association announce five-year renewal of partnership - IBM and the United States Tennis Associatio announced a five-year renewal of their longstanding, 30-year partnership. They will continue to expand and enhance the US Open digital offerings with new features added to the US Open app and USOpen.com ahead of the 2022 tournament.
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LLAP LMT | Hot Stocks06:05 EDT Terran Orbital delivers LunIR satellite to Cape Canaveral for Artemis 1 launch - Terran Orbital (LLAP) has delivered LunIR to Complex 39B at NASA's Kennedy Space Center. LunIR is a 6U satellite that will fly by the Moon and collect surface thermography as a secondary payload on Artemis 1 - a test mission for NASA's Space Launch System. SLS houses the Orion capsule - NASA's spacecraft that will take humans deep into space. After the flyby, LunIR will conduct technology demonstrations related to deep-space operations. The Lunar InfraRed imaging spacecraft, also known as LunIR, is the result of a joint effort between Lockheed Martin (LMT) and Terran Orbital. Lockheed Martin developed LunIR's infrared sensor and cryocooler. The company also provides the overall systems engineering and mission planning. Terran Orbital designed and built the spacecraft and is responsible for integration and mission assurance. The LunIR sensor could be an important tool for astronauts returning to the Moon, and going beyond to Mars.
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HTOO | Hot Stocks06:04 EDT Fusion Fuel receives approval for EUR10M grant - Fusion Fuel announced that it has received confirmation from the Portuguese government that it will receive an estimated EUR10M grant as part of Component 14 of the Portuguese Recovery and Resilience Plan to develop its 6.6MW HEVO-Industria green hydrogen project in Sines, Portugal. C-14 is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases.
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EMWP | Hot Stocks06:03 EDT Eros Media World receives NYSE delisting notice, plans to appeal - Eros Media World announced that on August 17, it received a notice from the New York Stock Exchange that the staff of NYSE Regulation has determined to commence proceedings to delist the company's A ordinary shares and suspend trading immediately. The Staff Determination was issued because the company had not filed its annual report on Form 20-F for the year ended March 31, 2021, and semi-annual report on Form 6-K for the six months ended September 30, 2021 with the SEC, on or before August 17, 2022, which was the latest deadline allowed under Section 802.01E of the NYSE's Listed Company Manual. The company also did not file its annual report on Form 20-F for the period ended March 31, 2022 prior to the August 17, 2022 deadline. The Staff Determination does not impact the company's obligation to file periodic reports and other reports with the SEC under applicable U.S. securities laws. The company intends to request a review of the Staff Determination by a committee of the Board of Directors of the NYSE in accordance with Section 804.00 of the NYSE's Listed Company Manual. The review will be scheduled for a date that is at least 25 business days from the date the company requests such a review. As previously announced, on April 22, 2022, the company completed the sale of its STX Entertainment business to an affiliate of The Najafi Companies. Although the sale of the STX Entertainment business was necessary to enable the company to pursue its long term strategy and maximize long term value for shareholders, the separation of the two companies caused complex financial reporting and other transition issues. The company has been diligently working to address these issues and become current in its SEC reporting since the date of the sale.
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NTES | Hot Stocks05:48 EDT NetEase raises quarterly dividend to 36c from 32.2c per ADS - The payment date is expected to be on September 13 for holders of ordinary shares and on or around September 16 for holders of ADSs.
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