Stockwinners Market Radar for March 04, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
VEON | Hot Stocks19:50 EST VEON Ltd trading halted, news pending
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MO | Hot Stocks18:55 EST Altria Group exchanges minority stake in JUUL Labs for heated tobacco IP rights - Altria Group announces that it has exchanged its entire minority economic investment in JUUL Labs for a non-exclusive, irrevocable global license to certain of JUUL's heated tobacco intellectual property. "We believe exchanging our JUUL ownership for intellectual property rights is the appropriate path forward for our business," said Billy Gifford, Altria's CEO. "JUUL faces significant regulatory and legal challenges and uncertainties, many of which could exist for many years. We are continuing to explore all options for how we can best compete in the e-vapor category. As of December 31, 2022, the carrying value and estimated fair value of our JUUL investment was $250 million. We will record the financial impact of the Agreement in the first quarter of 2023 and intend to treat any such amounts as a special item and exclude it from our adjusted diluted earnings per share."
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PAC | Hot Stocks18:17 EST GAP Airports reports preliminary February traffic up 24.3% y/y - Grupo Aeroportuario del Pacifico, S.A.B. announces preliminary terminal passenger traffic figures for the month of February 2023, compared with the same period of 2022. For February 2023, the total number of terminal passengers at GAP's 12 Mexican airports increased by 21.8%, compared to the same period of 2022. Puerto Vallarta, Guadalajara, Los Cabos, and Tijuana presented an increase in passenger traffic of 31.9%, 26.0%, 24.5%, and 12.5% respectively, compared to February 2022. On the other hand, Montego Bay increase by 49.5% and Kingston 43.0%, compared to 2022.
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CHCT | Hot Stocks17:42 EST Community Healthcare announces passing of chairman, CEO Wallace - Community Healthcare Trust Incorporated announced that Timothy G. Wallace, Chairman of the Board, Chief Executive Officer and President of the company, passed away on March 3, 2023. Alan Gardner, the company's Lead Independent Director, commented, "Tim's guidance, leadership and business acumen will be greatly missed and his contributions to the growth of CHCT cannot be overstated. On behalf of the entire Company, I want to send our deepest condolences to the Wallace family." The Board of Directors previously appointed David H. Dupuy, the Company's Executive Vice President and Chief Financial Officer, as Interim Chief Executive Officer, effective as of February 10, 2023. The company will provide further information on succession once the Board of Directors has had an opportunity to determine the best path forward.
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ROC | Hot Stocks17:40 EST ROC Energy Acquisition announces second extension of combination deadline - ROC Energy Acquisition Corp. announced that its sponsor, ROC Energy Holdings LLC, has requested that the company extend the date by which the company must consummate a business combination from March 6, 2023 to June 6, 2023. The Extension is the second of two three-month extensions permitted under the company's governing documents. In connection with the Extension, the Sponsor has notified the company that it intends to deposit an aggregate of $2,070,000 into the company's trust account on or before March 6, 2023. The Extension provides the company with additional time to complete its initial business combination.
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KW... | Hot Stocks17:35 EST S&P announces changes to S&P 600 index at open on 3/20 - Kennedy-Wilson Holdings (KW), Atlantic Union Bankshares (AUB), NexTier Oilfield Solutions (NEX) and Radian Group (RDN) will replace WW International (WW), Franklin Street Properties (FSP), Motorcar Parts of America (MPAA) and Universal Electronics (UEIC) respectively in the S&P SmallCap 600.
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AXTA... | Hot Stocks17:31 EST S&P announces changes to S&P 400, 600 indices at open on 3/20 - Axalta Coating Systems (AXTA), Autoliv (ALV), Starwood Property Trust (STWD), SouthState (SSB), Chord Energy (CHRD), Advanced Drainage Systems (WMS), Hilton Grand Vacations (HGV), Hertz Global Holdings (HTZ), Aramark (ARMK) and US Foods Holding (USFD) will replace SL Green Realty (SLG), Cracker Barrel Old Country Store (CBRL), ViaSat (VSAT), Washington Federal (WAFD), Dycom Industries (DY), Kennametal (KMT), JBG Smith Properties (JBGS), Pebblebrook Hotel Trust (PEB), Hanesbrands (HBI) and Tandem Diabetes Care (TNDM) respectively in the S&P MidCap 400. All constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600 replacing The Pennant Group (PNTG), Unisys (UIS), Organogenesis Holdings (ORGO), Surmodics (SRDX), Hersha Hospitality Trust (HT), Park Aerospace (PKE), Granite Point Mortgage Trust (GPMT), Industrial Logistics Properties Trust (ILPT), OptimizeRx (OPRX), and ZimVie (ZIMV) respectively.
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VAL FICO | Hot Stocks17:19 EST Valaris to replace FICO in S&P 400 at open on 3/20
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LUMN BBBY | Hot Stocks17:18 EST Lumen to replace Bed Bath & Beyond in S&P 600 at open on 3/20
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FICO LUMN | Hot Stocks17:17 EST FICO to replace Lumen in S&P 500 at open on 3/20
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LMT | Hot Stocks17:11 EST Lockheed Martin awarded $214.5M Navy contract - Lockheed Martin was awarded a $214.5M indefinite-delivery/indefinite quantity, cost-plus-fixed-fee, cost-plus-incentive-fee, and cost type contract for multinational early start engineering efforts including planning and advance studies, requirements development, and performance assessment of the planned modernization and new combat system capabilities selection for current and future International Partner ships operating AEGIS. This contract involves Foreign Military Sales to Canada and other countries. Work is expected to be completed by December. Foreign Military Sales funds in the amount of $28.08Mwill be obligated on the first task order at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 2304 and 10 U.S. Code 2304. The Naval Sea Systems is the contracting activity.
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LGIH | Hot Stocks17:11 EST LGI Homes reports 506 home closings in February - LGI Homes announced it closed 506 homes in February 2023. As of February 28, 2023, the Company had 97 active selling communities.
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BAESY | Hot Stocks17:09 EST BAE Systems awarded $245.65M Army contract - BAE Systems was awarded a $245.65M cost-no-fee, cost-sharing contract for the procurement of early-order material in support of the future purchase of Armored Multi-Purpose Vehicles, or AMPV, and facility-capacity-expansion efforts to increase AMPV production. Bids were solicited via the internet with one received. Work will be performed in York, Pennsylvania, with an estimated completion date of December 31, 2024. FY22 and FY23 weapons and tracked combat vehicle procurement, Army funds in the amount of $245.65M were obligated at the time of the award. U.S. Army Contracting is the contracting activity.
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SLM | Hot Stocks16:57 EST Sallie Mae CFO Steve McGarry enters retention agreement - Sallie Mae announced that Steven McGarry, executive vice president and CFO, has entered into a retention agreement with the company. He will remain an employee of Sallie Mae and continue to serve as CFO through February 2024 when he plans to retire. During this time, McGarry will assist with the selection of the next CFO and will facilitate the orderly transition of the role to his successor.
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WEN | Hot Stocks16:53 EST Trian Fund cuts Wendy's stake to 17.85% from 19.52% - In a regulatory filing, Trian Fund Management disclosed a 17.85% stake in Wendy's, which represents 37,957,224 common shares. Trian previously reported a 19.52% stake in Wendy's in January 2023. The filing allows for activism.
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WCC | Hot Stocks16:46 EST Wesco declares inaugural quarterly cash dividend of 37.5c per share - The dividend is payable on March 31 to the holders of record of the common stock at the close of business on March 15.
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PCOR | Hot Stocks16:45 EST Procore CLO Singer sells 8,390 common shares - In a regulatory filing, Procore Technologies chief legal officer Benjamin Singer disclosed the sale of 8,390 common shares of the company on March 1 at a price of $65.04 per share.
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INCY | Hot Stocks16:37 EST Incyte to discontinue Phase 3 LIMBER-304 trial - Incyte announced that it will discontinue the Phase 3 LIMBER-304 trial following results of a pre-planned interim analysis conducted by an independent data monitoring committee indicating that the study is unlikely to meet the primary endpoint in the intent-to-treat patient population. The recommendation to stop the study was not due to safety. LIMBER-304 is a randomized, double-blind study evaluating the efficacy and safety of parsaclisib plus ruxolitinib versus placebo plus ruxolitinib in adult patients living with myelofibrosis who have an inadequate response to ruxolitinib monotherapy. While further review of the data is conducted, Incyte will inform investigators of the results and work with them to appropriately conclude the study in a manner consistent with the best interest of each patient. Data from this study will be submitted for presentation at an upcoming scientific meeting. The primary endpoint of LIMBER-304 was the proportion of patients achieving targeted reduction in spleen volume as measured by magnetic resonance imaging or computed tomography. Secondary endpoints included the proportion of patients who have a targeted reduction in Total Symptom Score, change in TSS, time to the first greater than or equal to50% reduction in TSS, overall survival, number of treatment emergent adverse events, time of onset of targeted reduction in spleen volume and duration of maintenance of targeted reduction in spleen volume.
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EXPR | Hot Stocks16:36 EST Express COO Matthew Moellering to retire, effective May 5 - Express announced the retirement of the company's President & COO, Matthew Moellering, effective May 5. The company has retained executive search and leadership advisory firm Spencer Stuart to conduct an external search for Moellering's replacement.
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VPCB | Hot Stocks16:32 EST VPC Impact Acquisition Holdings II to redeem public shares - VPC Impact Acquisition Holdings II announced that it will redeem all of its outstanding Class A ordinary shares on March 21 because the company will not complete an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. The per-share redemption price for the public shares is expected to be approximately $10.21. The company expects that the last day of trading of its units, Class A ordinary share and warrants on NASDAQ will be March 9, following which, the company expects that Nasdaq will file a Form 25 with the United States SEC to delist its units, Class A ordinary share and warrants.
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DGX | Hot Stocks16:32 EST Quest Diagnostics CEO James Davis to succeed Steve Rusckowski as chairman - Quest Diagnostics announced that its board of directors elected James Davis, the company's CEO and president, to serve in the additional position of chairman of the board of directors, effective April 1. Davis, who joined the company in 2013 and assumed the role of CEO, president and director on November 1, 2022, will succeed former CEO Steve Rusckowski, who remains chairman through March 31.
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FCPT | Hot Stocks16:30 EST Four Corners Property Trust acquires NAPA Auto Parts property for $935,000 - Four Corners Property Trust announced the acquisition of a NAPA Auto Parts property for $935,000. The property is in a strong retail corridor in Indiana and is occupied under a net lease with approximately four years of term remaining. The transaction was priced at a 6.9% cap rate, exclusive of transaction costs.
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AMP CMA | Hot Stocks16:18 EST Comerica selects Ameriprise as new investment program provider - Ameriprise Financial (AMP) and Comerica Bank (CMA) announced that Ameriprise Financial Services, LLC and Comerica Bank have signed an agreement for Ameriprise to become Comerica's new investment program provider. As part of the arrangement, Comerica and certain affiliates will transition support of specific insurance, brokerage and investment advisory activities currently conducted by Comerica's broker-dealer subsidiary to the Ameriprise Financial Institutions Group. The transaction is expected to close by the end of the year. Headquartered in Dallas, Comerica has approximately 100 financial advisors who are part of a broader team of nearly 800 who support the wealth management business throughout Texas and in Michigan, California, Florida, Arizona and the Carolinas. Comerica's wealth management division manages approximately $195B in assets, approximately $18B of which is managed by its securities business and is expected to be supported by AFIG as part of the arrangement.
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ESGR | Hot Stocks16:16 EST Enstar Group names Orla Gregory president, Matthew Kirk CFO - Enstar Group Limited announced several executive promotions following the retirement of President Paul O'Shea on March 1, 2023. Mr. O'Shea served the Company for 28 years. Enstar had announced his planned retirement in July 2022 and has since provided a smooth transition of leadership of the Company's M&A activities to Chief Strategy Officer, David Ni. Mr. O'Shea remains on the Board of Directors as a non-employee director. Orla Gregory has been appointed as President. Ms. Gregory has served as Chief Financial Officer since August 2021, and prior to that as Chief Operating Officer since 2016. She was appointed to the Board of Directors in February 2022 and has been with the Company for 20 years. Paul Brockman has been named Chief Operating Officer and will also continue in his role as Chief Claims Officer, which he has held since September 2020. He previously served as Chief Executive Officer of Enstar US from 2016, and as Enstar US President and Chief Operating Officer from 2014. He has been with the Company for over 10 years. Matthew Kirk has been named Chief Financial Officer. Mr. Kirk joined Enstar in April 2020 as Group Treasurer, and has been responsible for treasury, capital management, and investor relations. He previously served in executive roles at Sirius International Insurance Group, including Group Treasurer and President & Managing Director of Sirius Investment Advisors.
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CMC | Hot Stocks16:15 EST Commercial Metals acquires all assets of Roane Metals Group - Commercial Metals Company announced it has acquired all the assets of metal recycling company Roane Metals Group LLC. Roane is capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually at its two facilities located in Tennessee. The majority of volumes relate to obsolete ferrous scrap grades consumed by CMC's long product mills. The acquired assets are expected to enhance the security and supply of competitively priced inputs to CMC's steelmaking operations.
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LOCL | Hot Stocks16:11 EST Local Bounti receives NYSE notice of non-compliance - Local Bounti announced that it received notice from the New York Stock Exchange on February 28, indicating that Local Bounti is not in compliance with NYSE's continued listing standards because the average closing price of Local Bounti's common stock was less than $1.00 over a consecutive 30 trading-day period.
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ZTEK | Hot Stocks16:03 EST Zentek clarifies removal of Albany graphite deposit estimate from website - Zentek announced that, pursuant to a review by the Ontario Securities Commission of the company's continuous disclosure, at the OSC's request, the company has removed from its website reference to the material resource estimate for the Albany graphite deposit because the technical report entitled "Technical Report on the Preliminary Economic Assessment of the Albany Graphite Project, Northern Ontario, Canada" dated July 9, 2015 contains an economic analysis that is no longer reliable and can no longer be classified as current. Additionally, the Company has revised a corporate presentation on its website to: (i) remove statements related to the Albany Graphite Deposit that can no longer be supported; (ii) remove disclosure of potential international partnerships unless and until any such partnerships are publically announced; and (iii) address certain material factors and assumptions used to develop forward-looking information. The Company has also filed on SEDAR, as a material contract, a reciprocal supply agreement with Ekomed Global Inc., which, as a material contract, was due to be filed no later than the date of filing of the Company's Annual Information Form.
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FEDU | Hot Stocks16:02 EST Four Seasons Education (Cayman) Inc (ADR trading resumes
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FEDU | Hot Stocks15:55 EST Four Seasons Education (Cayman) Inc (ADR trading halted, volatility trading pause
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LOKM | Hot Stocks15:16 EST Live Oak Mobility Acquisition announces redemption of public shares, dissolution - Live Oak Mobility Acquisition Corp. announced that it will redeem all of its outstanding shares of Class A common stock sold as part of the units in the company's initial public offering, whether they were purchased in the initial public offering or thereafter in the open market, effective as of the close of business on March 20, because the company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. The company will provide an estimate of the per-share redemption price for the public shares in the coming days. Funds in the company's trust account, including any interest thereon, will not be used to pay for any excise tax imposed under the Inflation Reduction Act of 2022. The company anticipates that the public shares will cease trading effective before the open of business on March 7. As of the close of business on March 20, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
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LLY | Hot Stocks15:00 EST Eli Lilly says FDA broadens indication for Verzenio - Eli Lilly announced that the U.S. Food and Drug Administration approved an expanded indication for Verzenio, in combination with endocrine therapy, for the adjuvant treatment of adult patients with hormone receptor-positive, human epidermal growth factor receptor 2-negative, node-positive, early breast cancer at a high risk of recurrence. High risk patients eligible for Verzenio can now be identified solely based on nodal status, tumor size, and tumor grade. This expanded adjuvant indication removes the Ki-67 score requirement for patient selection, the company stated.
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SHEL | Hot Stocks14:42 EST Shell completes withdrawal from interest in Salym project in Russia - Shell Salym Development B.V. - a subsidiary of Shell plc - has completed the withdrawal from its 50% interest in the Salym project, which had been jointly developed with Gazprom Neft, a subsidiary of Gazprom, Shell reported. This follows the receipt of all necessary regulatory approvals, the company noted. Reference Link
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JBGS AMZN | Hot Stocks14:33 EST JBG Smith says first phase of Amazon headquarters remains on schedule - JBG Smith announced that work on the first phase of Amazon's new "National Landing" headquarters remains on schedule for a summer 2023 opening without interruption or delay. Amazon's new offices at Met Park will accommodate up to 14,000 Amazon employees, including the 8,000 workers that Amazon has already hired, the company points out. JBG Smith says it continues to partner with Amazon in planning for the second phase of the development, which is expected to encompass 3.3M square feet across three office buildings and The Helix. "We are greatly encouraged by Amazon's recently reaffirmed commitment to its second headquarters project and to hiring at least 25,000 workers at HQ2. This project continues to serve as a major catalyst for National Landing's transformation into a global hub of innovation and a vibrant mixed-use urban community," said JBG Smith CEO Matt Kelly.
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BHE | Hot Stocks13:05 EST Benchmark to invest $20M, hire up to 100 for Precision Technologies facility - Benchmark Electronics celebrated the grand opening of its new Precision Technologies facility in Mesa, Arizona. The facility is designed to provide a number of key engineering and manufacturing solution services, most notably supporting the production of semiconductor capital equipment building blocks and solutions. Benchmark intends to invest roughly $20M into capabilities and technology at the new facility, in addition to hiring 100 people to support this facility as the company ramps up with customers.
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HCDI | Hot Stocks13:03 EST Harbor Custom Development to effect 1-for-20 reverse stock split - Harbor Custom Development announced it will effect a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. Harbor's stockholders voted to authorize a reverse stock split in a range of 1-for-3 to 1-for-25 on February 17, 2023, and Harbor's directors voted to authorize the exact ratio for the reverse split of 1-for-20 on February 27, 2023. On March 6, 2023, the Company's common stock will begin trading on a post-reverse split basis on the Nasdaq Capital Market under the existing symbol "HCDI." The new CUSIP number for the common stock following the reverse split will be 41150T306.
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BKR | Hot Stocks13:02 EST Baker Hughes reports U.S. rig count down 4 to 749 rigs - Baker Hughes reports that the U.S. rig count is down 4 from last week to 749 with oil rigs down 8 to 592, gas rigs up 3 to 154 and miscellaneous rigs up 1 to 3. The U.S. Rig Count is up 99 rigs from last year's count of 650 with oil rigs up 73, gas rigs up 24 and miscellaneous up 1. The U.S. Offshore Rig Count is down 1 to 16, up 4 year-over-year. The Canada Rig Count is up 2 from last week to 246, with oil rigs unchanged at 158, gas rigs up 2 to 88. The Canada Rig Count is up 29 rigs from last year's count of 217 with oil rigs up 24, gas rigs up 6 and miscellaneous down 1.
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BKR | Hot Stocks13:01 EST Baker Hughes reports U.S. rig count down 4 to 749 rigs
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EMBK | Hot Stocks12:50 EST Embark Technology trading resumes
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TM | Hot Stocks12:49 EST Toyota recalls certain 2022 and 2023 Tundra models - Toyota is conducting a safety recall involving certain 2022 and 2023 Tundra vehicles in the U.S. Approximately 130,000 vehicles are involved in this safety recall. "Some of the subject vehicles may be equipped with an optional Toyota genuine truck bed accessory tonneau cover that can detach from the vehicle while driving. A tonneau cover that detaches from a vehicle could increase the risk of a crash or injury... Owners of involved vehicles will be notified by late March 2023," the company stated. Reference Link
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SNCY | Hot Stocks12:42 EST Sun Country Airlines, IBT reach agreement in principle for flight attendants - Sun Country Airlines and the International Brotherhood of Teamsters announced jointly that they have reached an Agreement in Principle on a new collective bargaining agreement covering Sun Country's more than 600 flight attendants. Sun Country and IBT will work together to finalize the language in the CBA over the next 30 days. Once complete, the resulting Tentative Agreement will be put out for vote and ratification by the flight attendants. "We are pleased with the progress we have made to reach an agreement that significantly improves our members' wages and working conditions," said the Sun Country IBT Negotiating Committee.
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EMBK | Hot Stocks12:30 EST Embark Technology to explore range of potential strategic alternatives - Embark Technology disclosed that its board approved a process to explore, review and evaluate a range of potential strategic alternatives available to the company, including exploring alternative uses of the company's assets to commercialize its technology, additional sources of financing, as well as potential dissolution or winding up of the company and liquidation of its assets. "The Board's decision comes following an extended evaluation by the Company of alternative markets in which to commercialize its technology as well as an exploration, performed with the assistance of a financial advisor, of a potential sale of the Company," Embark said in a regulatory filing.
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EMBK | Hot Stocks12:28 EST Embark Technology announces reduction of 230 employees - Embark Technology disclosed that its board approved a reduction in the company's current workforce by approximately 230 employees. The decision was based on cost-reduction initiatives intended to reduce operating expenses, it said in a regulatory filing. Embark currently estimates it will incur charges of approximately $7M to $11M in connection with the reduction in force. Additionally, ot expects to realize noncash expenses with respect to certain other share-based awards that cannot presently be estimated. The company expects that the majority of these charges will be incurred in the first and second quarters of 2023, and that the reduction in force will be substantially complete by the end of the second quarter.
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VWAGY | Hot Stocks12:28 EST Volkswagen sees FY23 vehicle deliveries around 9.5M - Volkswagen Group anticipates that overall vehicle deliveries will rise to around 9.5M in 2023 primarily driven by the strong order backlog on hand as semiconductor supply and logistics chain issues should ease in the course of the year. Volkswagen Group expects sales revenues to be 10 to 15% higher than the prior-year figure. In terms of operating result for the Group, an operating return on sales in the range of 7.5% to 8.5% is forecast for 2023. In the Automotive Division, the R&D ratio is expected to come in at around 8%, and the ratio of capex to sales revenue at around 6.5%. Volkswagen Group expects a strong increase in reported net cash flow in 2023. Net liquidity is expected to range between EUR35B and EUR40B; this includes the inflows and outflows of funds in connection with the payment of the special and regular dividend of EUR11B both due in 2023. The return on investment is expected to be between 12% and 15%. Challenges arise in particular from the economic environment, the increasing intensity of competition, volatile raw material, energy and foreign exchange markets, and stricter emission-related requirements.
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EMBK | Hot Stocks12:15 EST Embark Technology trading halted, news pending
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VVX | Hot Stocks12:00 EST V2X falls -9.0% - V2X is down -9.0%, or -$4.44 to $45.13.
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DESP | Hot Stocks12:00 EST Despegar.com falls -12.5% - Despegar.com is down -12.5%, or -77c to $5.37.
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EGLE | Hot Stocks12:00 EST Eagle Bulk Shipping falls -15.0% - Eagle Bulk Shipping is down -15.0%, or -$9.82 to $55.86.
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IOT | Hot Stocks12:00 EST Samsara rises 21.2% - Samsara is up 21.2%, or $3.58 to $20.46.
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HRTG | Hot Stocks12:00 EST Heritage Insurance rises 22.2% - Heritage Insurance is up 22.2%, or 60c to $3.32.
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AI | Hot Stocks12:00 EST C3.ai rises 27.5% - C3.ai is up 27.5%, or $5.87 to $27.18.
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V | Hot Stocks11:52 EST Visa reports Febrary U.S. payments volume up 11% y/y - In a regulatory filing out earlier, Visa provided volume and transaction data for January and February 2023. As previously disclosed, in March 2022, Visa suspended operations in Russia February U.S. payments volume on a year-over-year basis was up 11%. Credit grew 10% and Debit grew 11%. February card not present volume on a year-over-year basis was up 12%, card not present volume excluding travel was up 10% and card present volume was up 9%. February payments volume year-over-year growth for several key international markets was moderately stronger than fiscal first quarter 2023 year-over-year growth. February cross-border volume excluding intra-Europe transactions was 148% of 2019, with card not present volume excluding travel at 180% of 2019. Total card present and card not present travel cross-border volume excluding intra-Europe transactions was 131% of 2019. January and February travel cross-border volume into and from our Asia Pacific region continued to improve relative to 2019 levels, while travel cross-border volume into the U.S. improved at a more modest pace. February global processed transactions grew 12% year-over-year.
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CLF | Hot Stocks11:31 EST Cleveland-Cliffs 'applauds' ITC preliminary vote in tin mill products trade case - Cleveland-Cliffs applauded the U.S. International Trade Commission's unanimous affirmative preliminary determination on all countries in response to antidumping and countervailing duty petitions on tin and chromium coated sheet steel products filed by Cleveland-Cliffs and the United Steelworkers. This affirmative preliminary determination relates to petitions seeking antidumping duties on U.S. imports of tin mill products from Canada, China, Germany, the Netherlands, South Korea, Taiwan, Turkey, and the United Kingdom. The petitions also seek the imposition of countervailing duties on U.S. imports of tin mill products from China. Lourenco Goncalves, CEO stated, "Today's affirmative vote by the U.S. International Trade Commission signals real progress on our joint effort with the USW to remedy surging imports of dumped and subsidized tin mill products in the U.S. market. Cleveland-Cliffs is committed to this antidumping and countervailing duty action and we are optimistic that we will see continued progress in this case before both the U.S. Department of Commerce and the U.S. International Trade Commission. Today's vote should give pause to those facilitating the import of dumped and subsidized tin mill products from the countries at issue in this case."
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LVO | Hot Stocks11:25 EST LiveOne's paid memberships exceed 2M - LiveOne reports paid memberships grew by over 587K in the past 12 months and over 100K in the first two months of calendar 2023. Total members, including paid and ad-sponsored, are now at a record 2.85M.
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LVRO | Hot Stocks11:07 EST TPB Acquisition Corporation I trading resumes
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DSKE | Hot Stocks11:05 EST Daseke COO Rick Williams to retire, Scott Hoppe to succeed - Daseke announced that EVP and COO Rick Williams will retire from his current position. Scott Hoppe, currently President and CEO of E.W. Wylie, a wholly owned subsidiary of Daseke, will succeed Mr. Williams, effective June 1, 2023. As EVP and COO, Mr. Hoppe will have responsibility for managing and enhancing Daseke's industry-leading scale in the specialized and flatbed trucking market and overseeing ongoing business transformation and optimization efforts across the company.
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LVRO | Hot Stocks10:57 EST TPB Acquisition Corporation I trading halted, volatility trading pause
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JBGS AMZN | Hot Stocks10:44 EST JBG Smith Properties down 7% after Amazon pauses HQ construction - Shares of JBG Smith Properties (JBGS) are sharply lower after Amazon.com (AMZN) confirmed to Bloomberg that it is pausing construction on its second headquarters in Arlington, Virginia. John Schoettler, Amazon's real estate chief, said Amazon remains committed to Arlington, where by 2030 Amazon has committed to spend $2.5B and hire 25,000 workers, according to Bloomberg's Matt Day. The construction moratorium will delay the company's full arrival in Arlington and coincides with Amazon's biggest ever job cuts, Day pointed out. Amazon and its developer, JBG Smith Properties, had for months been discussing modifying the PenPlace plans, the report noted. JBG Smith shares are down $1.17, or 7%, to $15.88 following the news. Reference Link
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F | Hot Stocks10:30 EST Ford says increasing production of popular models - Ford announced it is increasing production at manufacturing plants across North America to "meet strong customer demand for vehicles including Mustang Mach-E, F-150 Lightning, Bronco Sport and Maverick." The company is also preparing to launch all-new versions of four significant vehicles in 2023: Super Duty, Ranger, Mustang and Escape, Ford said. "We have had a strong start to 2023 sales and we are moving to fast-track quality production. Increasing production benefits both our customers and our business," said Kumar Galhotra, president, Ford Blue. Reference Link
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HPX | Hot Stocks10:01 EST HPX Corp trading resumes
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SI | Hot Stocks10:00 EST Silvergate Capital falls -6.4% - Silvergate Capital is down -6.4%, or -36c to $5.36.
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CHPT | Hot Stocks10:00 EST ChargePoint falls -7.9% - ChargePoint is down -7.9%, or -89c to $10.37.
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EGLE | Hot Stocks10:00 EST Eagle Bulk Shipping falls -11.7% - Eagle Bulk Shipping is down -11.7%, or -$7.69 to $57.99.
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AI | Hot Stocks10:00 EST C3.ai rises 17.9% - C3.ai is up 17.9%, or $3.81 to $25.12.
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BBAI | Hot Stocks10:00 EST BigBear.ai rises 21.0% - BigBear.ai is up 21.0%, or 59c to $3.44.
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HRTG | Hot Stocks10:00 EST Heritage Insurance rises 26.8% - Heritage Insurance is up 26.8%, or 73c to $3.45.
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HPX | Hot Stocks09:51 EST HPX Corp trading halted, volatility trading pause
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HHRS | Hot Stocks09:47 EST HHRS Stock trading resumes
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BITO | Hot Stocks09:47 EST ProShares Bitcoin Strategy ETF falls -4.8% - ProShares Bitcoin Strategy ETF is down -4.8%, or -69c to $13.79.
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CHPT | Hot Stocks09:47 EST ChargePoint falls -9.2% - ChargePoint is down -9.2%, or -$1.04 to $10.22.
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EGLE | Hot Stocks09:47 EST Eagle Bulk Shipping falls -11.4% - Eagle Bulk Shipping is down -11.4%, or -$7.52 to $58.16.
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IOT | Hot Stocks09:47 EST Samsara rises 13.3% - Samsara is up 13.3%, or $2.24 to $19.12.
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AI | Hot Stocks09:47 EST C3.ai rises 14.7% - C3.ai is up 14.7%, or $3.14 to $24.45.
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HRTG | Hot Stocks09:47 EST Heritage Insurance rises 17.6% - Heritage Insurance is up 17.6%, or 48c to $3.20.
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AGR ARRY | Hot Stocks09:43 EST Avangrid announces intent to deploy more than $30M in solar trackers from Array - Avangrid (AGR) has announced it will take a new step in its key partnership with the intent to deploy more than $30 million in solar trackers from Array Technologies (ARRY). "With this collaboration with ATI, we reaffirm our ongoing commitment to New Mexico, supporting local jobs and expanding our clean energy vision. Partnering with renewable energy companies like ATI will allow us to support the green workforce industry while we continue to provide reliable and affordable energy to homes and businesses throughout the U.S.," said Ignacio Galan, Chairman of Avangrid. The equipment will be used to construct Avangrid's 321 MW True North solar farm in Falls County, Texas, "one of the company's biggest solar facilities under development in the U.S., and will include safe harbor inventory and newly purchased trackers," the company added.
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HHRS | Hot Stocks09:42 EST HHRS Stock trading halted, volatility trading pause
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ATRO | Hot Stocks09:39 EST Astronics trading resumes
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ATRO | Hot Stocks09:34 EST Astronics trading halted, volatility trading pause
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MTEK | Hot Stocks09:29 EST Maris-Tech regains compliance with Nasdaq minimum closing bid price rule - Maris-Tech reported the receipt of a formal notification from The Nasdaq Stock Market that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's ordinary shares to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's ordinary shares was at $1.00 per share or greater for the prior 20 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.
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WLDPF | Hot Stocks09:28 EST Wildpack Beverage reports $7.2M in confirmed customer orders for February - Confirmed customer orders reached a new record in February, with a total of $7,206,225, representing a significant increase over the previous month. February confirmed customer orders indicate an annualized 12-month forward run rate of $86.5 million. The Company also confirmed 245 sales orders and successfully converted 54 new customers during the month, both new records. Total throughput in February was 28,019,901 cans, including filling throughput of 2,750,027 cans, 16,825,388 cans were brokered during the month and printed sleeve throughput of 4,527,049 sleeves, all record-breaking breaking throughputs respectively. The Company's decoration throughput was also notable, with a total of 3,917,437 cans decorated.
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COIN | Hot Stocks09:24 EST Coinbase acquires One River Digital Asset Management; terms not disclosed - Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and SEC-registered investment adviser. ORDAM will transition to become Coinbase Asset Management, and will operate as an independent business and wholly-owned subsidiary of Coinbase, the company said in a statement, adding that "The acquisition aligns with our long-term strategy to unlock further opportunities for institutions to participate in the cryptoeconomy." Reference Link
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EZFL | Hot Stocks09:17 EST EzFill adds 10 fleet accounts in February - EzFill Holdings announced that it added 10 new fleet accounts during the month of February, bringing the year-to-date new fleet account number to 19. The new fleet accounts include companies in the following industries: home improvement, auto rental, pet grooming, care providers, food service and distribution, pool supplies and moving and storage. EzFill will provide regularly scheduled fuel deliveries for an aggregate of approximately 140 vehicles that are expected to add up to approximately 233,000 additional gallons of fuel delivered annually.
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PRAX | Hot Stocks09:15 EST Praxis Precision plunges as primary endpoint didn't hit statistical significance - Shares of Praxis Precision Medicines are down $1.39, or 48%, to $1.53 in pre-market trading after the company announced the primary endpoint, change from baseline to Day 56 in the modified Activities of Daily Living score, did not reach statistical significance in the Essential1 study evaluating the efficacy, safety and tolerability of ulixacaltamide, PRAX-944, for the treatment of essential tremor.
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TMCI | Hot Stocks09:06 EST Treace Medical settles lawsuit against Fusion Orthopedics - Treace Medical Concepts announces with Fusion Orthopedics that they have reached an amicable resolution of the litigation between the parties. Treace Medical filed the lawsuit on March 29, 2022 against Fusion Orthopedics in the United States District Court for the District of Arizona, alleging patent, trademark, and copyright infringement, as well as various unfair trade practices based on Fusion Orthopedics' use, sale, and promotion of the Lapilock 4D Advanced Bunion Surgery, including false advertising and unfair competition. Fusion Orthopedics subsequently filed counterclaims against Treace Medical, requesting declaratory judgment of non-infringement and invalidity of the patents, declaratory judgment of invalidity of Treace Medical's LAPIPLASTY trademark, as well as various unfair trade practices based on Treace Medical's use, sale, and promotion of the Lapiplasty 3D Bunion Correction, including counterclaims of false descriptions and false advertising. In March 2023, the parties entered into an agreement to settle this matter. While the terms of the settlement are confidential, Treace Medical is pleased with the outcome.
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RIOT | Hot Stocks09:02 EST Riot Platforms produced 675 BTC in February, up 55% from last year - Riot Platforms announces unaudited production and operations updates for February 2023. Bitcoin Production and Operations Updates for February 2023: Riot produced 675 BTC, an increase of approximately 55% as compared to February 2022 production of 436 BTC. Riot held approximately 7,058 BTC as of February 28, 2023, all produced by the Company's self-mining operations. Riot sold 600 BTC, generating net proceeds of approximately $14.2 million. Riot had a deployed fleet of 87,264 miners, with a hash rate capacity of 9.8 exahash per second, as of February 28, 2023, which excludes 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas. "February was another month of operational excellence for Riot, during which we produced 675 Bitcoin in the shortest month of the year, and despite one of the largest increases in mining difficulty in recent history," said Jason Les, CEO of Riot. "We have also continued to make progress on repairs to our immersion buildings, including Building G, where we now anticipate a return to full operations by the second half of 2022. Once achieved, this will bring back 1.9 EH/s of hash rate currently offline and not included in our reported hash rate capacity."
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CYTO | Hot Stocks08:50 EST Altamira Therapeutics reportsdata from Bentrio clinical study - Altamira Therapeutics reported that data from a recent peer-reviewed clinical study involving Bentrio nasal spray's residence time and other rheological properties demonstrated superiority vs. a saline control. "The data presented in this study indicate that AM-301 has a prolonged nasal residence time of up to 3.5 h compared to a saline control. AM-301 is a safe and well-tolerable medical device with features suitable for intranasal administration. Its nasal residence time and distribution encourage its use to protect nasopharyngeal areas. Two nasal spray applications per nostril provide no substantial benefit over a single spray with regards to coverage of the mucosal surface or nasal retention time....Importantly, the formulation also reached the oropharynx, remaining in place for up to 240 min compared with 60 min in the control group. This feature is particularly important, since airborne viruses and allergens come into contact with both the nasal mucosa and oropharyngeal cavity." The study was performed on eight healthy volunteers that were administered Bentrio or a classic saline nasal spray marked with a fluorescent agent to track the distribution within the nasal cavity and the nasal residence time for up to 240 minutes. Participants were administered a single dose or, in case of Bentrio, also a repeated dose at a different spray angle. Bentrio was found to be widely distributed in the lower to middle parts of the nasal cavity, which is where airborne allergen particles typically collect. The thin protective film was present for 210 minutes. There were no meaningful differences between single and repeated dose application of Bentrio, confirming that one puff is sufficient. In contrast, saline nasal spray showed a shorter nasal residence time of 60 minutes only. Bentrio's extended presence within the nasal cavity is achieved thanks to its special thixotropic properties: the formulation is a gel designed to adhere to the nasal mucosa for an extended time, whereas a saline solution is prone to rapid run-off. Bentrio's gel formulation becomes sprayable upon shaking it briefly prior to application. Bentrio's long nasal residence time is supporting the extended protective effect of the nasal spray as it could be observed in other studies, including grass pollen and house dust mite challenge studies. In the single dose saline spray control group, fluorescence disappeared within 60 minutes from the nose, whereas the groups using a single dose of Bentrio retained a detectable amount of fluorescence for up to 210 minutes on the middle and inferior turbinates. While nasal residence time was the main focus of the study, the presence of the fluorescence in the oropharynx was monitored for 240 minutes as well. Figure 2- Oropharyngeal Endoscopy, shows that fluorescence for all three groups started to appear in the throat five to ten minutes after administration. The finding that Bentrio does not slow down discharge from the nasal cavity to the throat, suggests that the protective film established by Bentrio within the nasal cavity does not interfere with mucociliary clearance, a normal, physiological process that helps the body to clear particles out of the nose for discharge via the digestive tract. The saline control group's fluorescence disappeared after 90-120 minutes versus the Bentrio groups which showed fluorescence for up to 240 minutes. The results of the study show that the rheological properties of the AM-301 formulation allow it to be sprayed once and effectively provide extended coverage and protection of the nasal mucosa without interfering with natural nasal clearance.
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ITCB | Hot Stocks08:48 EST Itau Corpbanca files material event notice with Chilean Commission - ITAU CORPBANCA announced that it filed a Material Event Notice with the Chilean Commission for the Financial Market reporting that the Bank has become aware of the intention of its controlling shareholder, Itau Unibanco Holding -holder of approximately 65.62% of the issued, subscribed and paid shares of the Bank- to launch, directly or indirectly through its affiliates, a voluntary tender offer to acquire up to all of the shares of the Bank not owned by Itau Corpbanca, representing approximately 34.38% of the issued, subscribed and paid shares of the Bank as of today, including those in the form of American Depositary Shares, each of which represents 1,500 shares; the number of shares subject to the Tender Offer may be affected as a result of the reverse stock split agreed at the Bank's Extraordinary Shareholders' Meeting held on January 19, 2023 and currently under analysis by the Comision para el Mercado Financiero.
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LQDT | Hot Stocks08:46 EST Liquidity Services partners with AIS to sell unused ethylene plant components - Liquidity Services has partnered with Aaron Industrial Solutions to sell unused components from a Linde Engineering ethylene plant on AllSurplus.com. The sale will take place over the course of a year and encompass a wide range of asset types across numerous industrial sectors, with items located in 17 countries spanning three continents.
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NBIX | Hot Stocks08:35 EST Neurocrine presents data from long term use of INGREZZA - Neurocrine Biosciences announced it will present data analyzing the long-term outcomes of treating tardive dyskinesia with INGREZZA capsules in older and elderly patients from two studies. These data are being presented at the American Association for Geriatric Psychiatry 2023 Annual Meeting from March 3-6 in New Orleans. The data demonstrated that long-term treatment with once-daily INGREZZA led to clinically meaningful reductions of TD symptoms in both older patients with TD and elderly patients. At 48 weeks of INGREZZA treatment, greater than 80% of participants in the greater than or equal to 65 years age group met the greater than 50% improvement in the Abnormal Involuntary Movement Scale response threshold. Analyses included the following: Mean change from baseline in AIMS total score; Percentage of patients meeting AIMS response thresholds, including greater than or equal to 50% improvement from baseline and greater than or equal to 70% improvement from baseline; Global response thresholds, including Clinical Global Impression of Change-Tardive Dyskinesia and Patient Global Impression of Change defined as "much improved" or "very much improved." Similar results were found in the greater than or equal to 55 years age group. Mean changes from baseline to week 48 in psychiatric symptom scale scores were minimal, indicating maintenance of psychiatric stability in both age groups.
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NAOV | Hot Stocks08:34 EST NanoVibronix regains compliance with Nasdaq - NanoVibronix announced that the company received official notice from Nasdaq that the company has evidenced compliance with all applicable criteria for continued listing on Nasdaq, including the $1.00 bid price requirement. Accordingly, the previously announced Nasdaq listing matter has been closed.
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CEI | Hot Stocks08:34 EST Camber Energy enters agreement with ShareIntel to combat illegal short selling - Camber Energy entered into a 12-month full-service agreement with Shareholder Intelligence Services as part of its overall efforts to help identify and combat potential short selling of the Company's stock and protect the interests of its shareholders.
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IONM | Hot Stocks08:33 EST Assure Holdings announces reverse stock split, 20 for 1 - Assure Holdings announced that it effected a reverse stock split of its shares of common stock, $0.001 par value, at a ratio of 20 for 1 that will become effective on March 4, 2023 at 12:01 a.m. Pacific Standard Time. Assure's common stock expected to begin trading on the NASDAQ Capital Market on a split-adjusted basis when the market opens on March 6, 2023, meaning that each twenty pre-split shares will represent one post-split share and the share price is expected to increase mechanically in proportion to the 20:1 ratio. Assure's common stock will continue to trade under its existing symbol "IONM". The new CUSIP number for the common stock following the Reverse Stock Split will be 04625J303.
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RSVR | Hot Stocks08:33 EST Reservoir Media announces streaming availability of De La Soul catalog - As announced by the Grammy-winning hip-hop trio De La Soul today, the group's iconic catalog is now available on digital streaming services for the first time ever, with support from Reservoir Media and distribution by Reservoir-owned Chrysalis Records. In addition to the digital albums, De La Soul is also releasing exclusive merchandise, vinyl, CDs, and cassettes, all distributed by Chrysalis Records, now available for purchase and pre-order on wearedelasoul.com.
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DRTS | Hot Stocks08:32 EST Alpha Tau granted expanded radioactive license from Israeli Ministry of EP - Alpha Tau Medical announced that the Israeli Ministry of Environmental Protection, EP, has granted the Company an amended radioactive license in the main manufacturing floor of its production facility in Jerusalem, increasing the maximum allowable amount of Thorium-228 for use and possession to produce Alpha DaRT sources from 30 milliCurie to 100 milliCurie. This expanded license could support the production of up to 300,000 Alpha DaRT sources per year in this facility. In addition, the Company is also pleased to announce that it has received approvals from both the Israeli Ministry of Environmental Protection and the Animal Testing Council at the Israeli Ministry of Health for its pre-clinical radioactive laboratory at its Jerusalem headquarters, to conduct pre-clinical experiments utilizing mice and rats. Alpha Tau CEO Uzi Sofer commented, "As our clinical trials continue to expand at an ever-increasing pace, led by our flagship ReSTART multicenter cutaneous SCC pivotal study in the U.S. alongside multiple trials in internal organs, the tremendous need for ongoing expansion of our manufacturing capacity, both in the U.S. and in Israel, remains critical to ensuring a steady supply of our Alpha DaRT treatments. Likewise, we are continuously growing our manufacturing and quality assurance teams to enable us to meet our current and future goals for the foreseeable future. In addition, with the exploration of combinations between the Alpha DaRT and other cancer therapies remaining a cornerstore of our strategy, our ability to test such combinations in-house in our own pre-clinical lab will allow us to optimize such combinations efficiently and help us examine a variety of possible combination trials for exploration in people desperately suffering from metastatic cancers."
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LSPD | Hot Stocks08:31 EST Lightspeed announces planned departure of COO Brandon Nussey - Lightspeed announced that Brandon Nussey, COO, will be stepping down from his position. Brandon Nussey will stay at Lightspeed until May to ensure a smooth transition, after which his responsibilities will be distributed among other executives.
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DESP | Hot Stocks08:28 EST Despegar.com CFO Alberto Lopez Gaffney resigns - Despegar.com announced that Alberto Lopez Gaffney, the company's CFO, has tendered his resignation effective March 17. The company's board of directors has begun a search for a new CFO. In connection with Lopez Gaffney's resignation, the company also announced the appointment of Maria Bettina Zubin as interim CFO. Zubin has been the company's controller since 2018 and brings almost 30 years of accounting and financial experience in positions of increasing responsibility at large global companies.
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COSM AMIH | Hot Stocks08:27 EST Cosmos Holdings preparing definitive documentation for ZipDoctor acquisition - Cosmos Health (COSM) has concluded its due diligence and is in the process of preparing the definitive documentation to complete the acquisition of ZipDoctor Inc. from American International Holdings Corp (AMIH). ZipDoctor is a direct-to-consumer subscription-based telemedicine platform, that expects to provide its customers affordable, unlimited, 24/7 access to board certified physicians and licensed mental and behavioural health counsellors and therapists. ZipDoctor's online telemedicine platform will be available to customers across the United States and shall offer English and Spanish coverage with virtual visits taking place either via the phone or through a secured video chat platform. ZipDoctor customers will be able to subscribe through their website at www.ZipDoctor.co and are only required to pay a monthly fee, which is determined based on whether they are an individual, a couple, or a family.
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GLW | Hot Stocks08:15 EST Corning unveils EDGE Distribution System for connectivity - Corning Incorporated unveiled its newest connectivity solution, the EDGE Distribution System. Designed to meet the ever-growing demand for information processing in the cloud, this pre-engineered data center solution shortens installation time for server cabling by up to 70%, helps address shortages in skilled labor, and provides up to a 55% reduction in carbon footprint by minimizing materials and packaging.
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OIIM | Hot Stocks08:11 EST O2Micro announces completion of merger - O2Micro International announced the completion of the merger with Rim Peak Technology, a wholly owned subsidiary of FNOF Precious Honour Limited, pursuant to the previously announced Agreement and Plan of Merger, dated as of September 30, 2022, among the Company, Parent and Merger Sub. As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company. Pursuant to the Merger Agreement, which was approved by the Company's shareholders at an extraordinary general meeting on January 31, 2023, at the effective time of the Merger, each ordinary share of the Company issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares and Shares represented by the Company's American depositary shares, has been cancelled in exchange for the right to receive US$0.10 in cash per Share, without interest and net of any applicable withholding taxes, and each ADS issued and outstanding immediately prior to the Effective Time, together with the Shares represented by such ADSs, has been cancelled in exchange for the right to receive US$5.00 in cash per ADS, without interest and net of any applicable withholding taxes. The Company also announced today that it requested that trading of its ADSs on Nasdaq Global Select Market be suspended. The Company requested that the Nasdaq file a Form 25 with the Securities and Exchange Commission notifying the SEC of the delisting of the Company's ADSs on the Nasdaq and the deregistration of the Company's registered securities. The deregistration will become effective 90 days after the filing of the Form 25 or such shorter period as may be determined by the SEC.
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DXR | Hot Stocks08:09 EST Daxor CEO Feldschuh provides corporate update in letter to shareholders - Daxor issued a corporate update in a Letter to Shareholders filed in its certified shareholder report on Form N-CSR on March 1, 2023 from CEO & President, Michael Feldschuh. "It is my pleasure to report on Daxor's results for the year ended December 31, 2022. For the fourth year in a row our operating business is experiencing continued growth and development - increasing revenues from commercialization, great progress in research and development for our next-generation systems set to launch this year, and a growing body of clinical evidence... I am pleased to report that in 2022 we made important breakthroughs building on our focus in each of these key areas. As of December 31, 2022, Daxor's net assets were $28,969,469 or $6.75 per share as compared to $21,152,719, or $5.24 per share at December 31, 2022. This 36.95% increase in the net asset value is primarily due to the continued appreciation in value in the Operating Division. The valuation of the Operating Division increased $9,500,000 to $26,000,000 on December 31, 2022. For the year ended December 31, 2022, Daxor had net dividend income of $223,916, and net realized gains on investment activity of $2,679,421... In 2023 Daxor plans on launching its program of new point-of-care blood volume analysis systems, developed under multiple contracts with the U.S. DOD as well as grants from the National Institutes of Health, a significant leap forward in our market-leading technology... Management anticipates that upon approval there will be significant interest and uptake of the new systems based upon preliminary discussions with clinicians helping to develop the technology as well as an increase in disposable kit sales driven by the speed and convenience of the new system. Daxor's next generation devices will also be eligible for Phase III funding awards and acquisition by branches of the military for their deployment to aid in combat casualty care as well as further development contracts... Accelerating commercialization is a priority for Company management, and in this area Senior Vice President Jean Oertel, a veteran from both Medtronic and Sensionics, has focused on recruiting top talent to the sales and clinical support team adding new territory managers/clinical support reps to the team to support the strong growth in accounts...Our Company, like much of the world, has faced increased costs due to inflation. To offset this Daxor has announced an increase of 8.4% for our disposable Volumex kits to $385 per test starting at the end of Q1 of 2023...Equally important is the progress that Daxor has made in the area of clinical outcomes utilizing our blood volume analyzer. The company anticipates the results of a pilot Randomized Control Trial in heart failure patients with BVA guided treatment to be released at the end of Q1 of 2023 by researchers from the Duke Clinical Research Institute. This trial is in addition to ongoing Phase I RCT work at two Veterans Administrative hospitals under NIH funding as well as an outpatient prospective trial being conducted at Geisinger Medical Center...The Company also announced in August 2021 that a promising research letter on the use of Daxor's BVA-100 analyzer on six COVID-19 patients at NYU Medical Center had been published in the prestigious Journal of Critical Care."
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GRIL | Hot Stocks08:09 EST Muscle Maker regains compliance with Nasdaq listing requirements - Muscle Maker announced receipt of a letter from The Nasdaq Stock Market stating that the Company has regained compliance with Listing Rule 5550(a)(2), the $1.00 minimum bid price listing requirement. Accordingly, the Company has been removed from Nasdaq's non-compliance list, and the matter is now closed.
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EDTK | Hot Stocks08:08 EST Skillful Craftsman announces $1M convertible note private placement - Skillful Craftsman Education Technology entered into a convertible note purchase agreement, under which the Company had sold and issued a convertible promissory note in a principal amount of $1M to certain investor. The Note will mature in one year following the issuance, bearing interest at the rate of 7% per annum which shall be payable on the maturity date. At any time after the issuance and before the maturity date, the Note is convertible, in whole or in part, into the ordinary shares of the Company at the option of the holder thereof. If the closing bid price of the Ordinary Shares as reported by Nasdaq exceeds the conversion price for at least five consecutive trading days, all of the outstanding balance shall be automatically converted into Ordinary Shares. The conversion price is initially US$1.82 per Ordinary Share, subject to adjustment as set forth in the Note. Unless previously converted, the Company shall repay the outstanding principal amount plus all accrued but unpaid interest on the maturity date. The Note shall be an unsecured general obligation of the Company. Additional information regarding the private placement and the Note will be included in a Form 6-K to be furnished to the U.S. Securities and Exchange Commission by Skillful Craftsman.
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AMTI | Hot Stocks08:06 EST Applied Molecular Transport presents additional data from FILLMORE trial - Applied Molecular Transport announced additional Phase 2 data for oral AMT-101 in chronic pouchitis patients. AMT-101 is an investigational, once-daily, GI-selective, oral fusion of IL-10 and AMT's proprietary carrier molecule, which is also in development for the treatment of rheumatoid arthritis. AMT presented the data in Poster P584 Efficacy, Safety, and Tolerability of AMT-101: A Gut Selective Oral IL-10 Fusion in the Phase 2 FILLMORE Trial of Patients with Chronic Pouchitis at the European Crohn's and Colitis Organisation '23 Congress. "We are pleased to share these important new findings from the FILLMORE Phase 2 trial in patients with chronic pouchitis. We observed AMT-101's immunomodulatory effect with enrichment of tissue FOXP3+ regulatory T cells and CD163+ macrophages within the lamina propria. Tissue levels of IL-10 were also increased with both the 3mg and 10mg doses providing evidence of active transport," said CMO Bittoo Kanwar. "These insights further build on earlier positive top-line results demonstrating AMT-101's safety profile and clinically meaningful responses in stool frequency and histologic healing in this severe patient population." The FILLMORE Phase 2 double-blinded trial evaluated the safety and efficacy of orally administered AMT-101 monotherapy, over 12 weeks, in patients with chronic pouchitis. The FILLMORE trial randomized 22 patients to 3mg or 10mg of oral AMT-101.
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PEV | Hot Stocks08:06 EST Phoenix Motor qualifies for clean vehicle credit under Inflation Reduction Act - Phoenix Motor announced the company is now a qualified manufacturer for the commercial clean vehicle credit under the Inflation Reduction Act. Phoenix Motorcars' all-electric commercial vehicle models weighing greater than 14,000 pounds gross vehicle weight rating, or GVWR, are eligible for up to $40,000 in tax credits. Tax credits for vehicles weighing less than 14,000 pounds GVWR are available up to $7,500. On January 1, the commercial clean vehicle credit became available to businesses and tax-exempt organizations for the purchase of new electric vehicles to incentivize the adoption of electric vehicles and support domestic production. Currently, there is no limit on the number of tax credits a business can claim.
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AWH | Hot Stocks08:05 EST Aspira Women's Health announces national payer coverage for OvaWatch - Aspira Women's Health announced a health insurance company has agreed to extend coverage to OvaWatchSM, Aspira's new ovarian cancer test launched by the Company in December 2022. The plan has covered the Ova1Plus test for its members for the past several years and this coverage decision ensures OvaWatch will be provided on an in-network basis for the plan's members minimizing their out of pocket expenses. The coverage decision was based on the latest published evidence demonstrating the clinical validation of OvaWatch.
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ACHV | Hot Stocks08:04 EST Achieve Life Sciences presents Phase 3 ORCA-2 trial data - Achieve Life Sciences announced data from the Phase 3 ORCA-2 trial will be presented at the Society for Research on Nicotine and Tobacco Annual Meeting, being held in San Antonio, TX, March 1-4, 2023. Additional findings from the ORCA-2 trial, that evaluated cytisinicline as a treatment for smoking cessation, will be included in the "Novel Treatments for Smoking Cessation" session held today, March 3, 2023, at 3:15 p.m. CST. The presentation will be given by ORCA-2 Principal Investigator, Dr. Nancy Rigotti, Professor of Medicine at Harvard Medical School and Director, Tobacco Research and Treatment Center, Massachusetts General Hospital. Topline results from the ORCA-2 trial were reported in April 2022, demonstrating 6-8 times increased likelihood of smoking abstinence with 3mg cytisinicline dosed 3 times daily for a period of 6-weeks or 12-weeks compared to placebo in 810 adult U.S. smokers. The study population was approximately 52 years in age, smoked a pack of cigarettes a day, and had made 5 to 6 prior quit attempts. Additional analyses being reported confirm that successful abstinence was observed in subgroups of smokers who received cytisinicline, regardless of age, gender, smoking history, or previous quit attempts. Subjects who received either 6 or 12-weeks of cytisinicline treatment experienced consistently higher rates of abstinence. The improvement was observed by the second week of treatment, maintained weekly throughout study treatment and during the 24- week follow-up period, compared to those who received placebo. Study compliance was high with 82% of subjects completing the 12 weeks of treatment. No treatment-related serious adverse events were reported and the majority of adverse events were mild in all subjects. Achieve is currently conducting the final FDA-registration enabling Phase 3 ORCA-3 trial for smoking cessation and the Phase 2 ORCA-V1 trial evaluating cytisinicline for e-cigarette cessation. The Company continues to expect topline data results for both trials to be announced in the second quarter of 2023.
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RMR | Hot Stocks08:03 EST RMR Group executes 69 leases in three months ended December 31, 2022 - RMR Group announced the execution of 69 leases for approximately 2.5M square feet on behalf of its clients during the three months ended December 31, 2022, including 23 leases with new tenants for approximately 388,000 square feet.
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ADXS | Hot Stocks08:03 EST Ayala Pharmaceuticals announces continuation of RINGSIDE Phase 2/3 study - Ayala Pharmaceuticals announced that the Independent Data Monitoring Committee for its Phase 2/3 RINGSIDE study evaluating investigational new drug AL102 in desmoid tumors conducted a prespecified periodic review of data from the study and recommended that the study continue without modifications. Phase 3 of RINGSIDE is a double-blind, placebo-controlled, clinical trial enrolling up to 156 patients with progressive disease, comparing AL102 at 1.2 mg once-daily to placebo. The primary endpoint for Phase 3 is progression-free survival with secondary endpoints including objective response rate, duration of response, tumor volume reduction, and patient-reported Quality of Life measures.
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SPTN | Hot Stocks08:03 EST SpartanNash raises quarterly dividend 2.4% to 21.5c per share - The dividend will be paid on March 31 to shareholders of record as of the close of business on March 17.
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AADI | Hot Stocks08:01 EST Aadi Bioscience CEO Brendan Delaney resigns, Scott Giacobello named interim CEO - Aadi Bioscience announced that Brendan Delaney has resigned for personal reasons from his position as CEO, President, and member of the Board of Directors of the company. Scott Giacobello, currently the company's CFO, has been appointed to serve as Interim CEO and President in addition to his current responsibilities. In addition, Neil Desai, Ph.D., the Founder of Aadi Bioscience and its President and CEO prior to Delaney, continues to serve as the Executive Chairman and a member of the Board of directors and will assist with the leadership transition. The Board of Directors has initiated an executive search for a replacement CEO.
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BA | Hot Stocks07:46 EST Luxair to acquire four Boeing 737-8 jets - Luxair and Boeing announced that the Luxembourgian airline has chosen the fuel-efficient 737-8 to expand its single-aisle fleet with an agreement to acquire four jets. Luxair will initially lease two 737-8s that are due for delivery for the summer, ensuring the airline provides its customers with increased capacity and connectivity to more destinations for the busy summer travel season. It has additionally placed a direct order for two 737-8s.
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REKR | Hot Stocks07:39 EST Rekor Systems awarded contract by Florida DOT for roadway data collection - Rekor Systems has been awarded a contract by the Florida Department of Transportation to provide portable data services for the agency's roadway network in District 3 and the City of Tallahassee. Rekor will collect and report vehicle classification data, including count and spot speed information, data that the Federal Highway Administration requires. The multi-year contract is valued at over $1.8M.
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IXHL CTLT | Hot Stocks07:35 EST Incannex engages Catalent to develop, manufacture cGMP-grade psilocybin drug - Incannex Healthcare (IXHL) announces that it has engaged Catalent (CTLT) to develop and manufacture a cGMP-grade psilocybin drug product for: use in Incannex's proprietary psilocybin-assisted psychotherapy drug development program and, potential wider commercial use. Commencing development and manufacture of a psilocybin drug product follows an internal analysis of the interim data from the PsiGAD phase 2 clinical trial, giving Incannex confidence to proceed with formulation development and cGMP manufacture of its own psilocybin. Interim results from the PsiGAD trial remain internally confidential to maintain blinding and integrity of the trial, however, a report from the independent data safety monitoring board on the interim results will be released soon, when available. Incannex CEO and Managing Director Joel Latham said; "Having our own source of pharmaceutical grade psilocybin not only allows our company to freely undertake clinical trials, it also creates and assists with number of commercial opportunities which are currently at an advanced stage of investigation by the company, and will be announced in the coming weeks, following board appraisal and approval."
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TW | Hot Stocks07:35 EST Tradeweb Markets reports February trading volume $27.4T - Tradeweb Markets reported total trading volume for February of $27.4T. Average daily volume for the month was a record $1.43T, an increase of 21.5% year-over-year.
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VZ | Hot Stocks07:35 EST Verizon CFO Matt Ellis to depart in Q2, Tony Skiadas to succeed - Matt Ellis, who has served as the Executive Vice President and CFO of Verizon since November 2016, will be leaving the company to pursue other interests, effective May 1. Senior Vice President & Controller of Verizon Tony Skiadas has been appointed CFO. Skiadas has led multiple teams within the Finance organization over his lengthy career at Verizon and will ensure the Finance organization remains laser focused on continuing with cost reduction and efficiency efforts while the company conducts a search for a successor. Mary-Lee Stillwell, Vice President of Accounting and External Reporting, has been appointed Senior Vice President & Controller.
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APM | Hot Stocks07:34 EST Aptorum Group completes pre-IND discussions with the FDA regarding ALS-4 - Aptorum Group announced the completion of the pre-IND discussions with the FDA. ALS-4 is a small molecule anti-virulence drug targeting infections caused by Staphylococcus aureus, including but not limited to Methicillin Resistant Staphylococcus Aureus, or MRSA. Upon the completion of ALS-4's respective Phase I clinical trials in Canada, ALS-4 has been targeting to obtain the necessary IND clearance for Phase II clinical trials in the United States. The Pre-IND discussions with FDA focused on overall development plan in preparation for the IND application of ALS-4 targeting Acute Bacterial Skin and Skin Structure Infections initially. With the positive feedback on the overall development strategy from the US FDA, Aptorum is now proceeding towards the IND submission of ALS-4.
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PRAX | Hot Stocks07:33 EST Praxis Precision Medicines announces results from Essential1 study - Praxis Precision Medicines announced topline results from the Essential1 study evaluating the efficacy, safety and tolerability of ulixacaltamide, PRAX-944, for the treatment of essential tremor. In Essential1, ulixacaltamide treated participants demonstrated improvement relative to placebo participants in the primary endpoint, change from baseline to Day 56 in the modified Activities of Daily Living score, that did not reach statistical significance. Nominal statistically significant improvement was observed in the TETRAS-ADL score secondary endpoint. Additional secondary endpoints were supportive of the ulixacaltamide efficacy profile. Praxis intends to engage with the FDA in an end of Phase 2 meeting and initiate a Phase 3 study for the treatment of essential tremor in the second half of 2023 based upon the observed efficacy and safety profile. "The results from Essential1 illustrate the clear potential of ulixacaltamide as an effective and well tolerated treatment for people with essential tremor," said Marcio Souza, president and chief executive officer of Praxis. "We look forward to meeting with the FDA to discuss the data and our Phase 3 plans." Essential1 Efficacy Results: The primary analysis population was the modified intention to treat, mITT. In the mITT analysis, ulixacaltamide showed numerical difference versus placeboat day 56 in the mADL score and nominal statistical significance versus placebo at day 56 in the TETRAS-ADL secondary endpoint. Consistent effect was observed across both the 60 mg and 100 mg dosing regimens. Observed changes across 10 of the 12 ADL scored items in the mITT favored ulixacaltamide treated participants relative to placebo and there were no items that favored placebo. Patients and clinicians reported higher overall impression of improvement with ulixacaltamide relative to placebo. Essential1 Safety and Tolerability Results: Ulixacaltamide was well-tolerated. No dose response relationship was observed between participants assigned to the 60 mg or the 100 mg dose regimens in effect or safety. Adverse events were generally consistent with the safety profile of ulixacaltamide seen to date, with no new safety findings.
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VZ | Hot Stocks07:33 EST Verizon appoints Sowmyanarayan Sampath as CEO, Verizon Consumer Group - Verizon Communication announced a number of executive management changes designed to set a path for the company's future growth plans. "These appointments will develop and grow the next generation of our leadership teams as we unleash Verizon's full potential moving forward," said Verizon Chairman and CEO Hans Vestberg. "This is a significant step in the transformation we started four years ago to be customers' choice for the next generation of communications technology. We're elevating our performance by building on our network strength, increasing accountability, and further strengthening Verizon's competitive capabilities." As part of these changes, Vestberg has appointed Sowmyanarayan Sampath, currently leading Verizon Business Group, to Executive Vice President and CEO of Verizon Consumer Group.Kyle Malady, currently leading Global Networks & Technology, has been appointed Executive Vice President and CEO of Verizon Business Group. In his new role, Malady will continue VBG's wireline efficiency programs and build on its strong wireless growth momentum. Succeeding Malady, Joe Russo, currently Senior Vice President and Chief Network Officer, was named Executive Vice President and President of Global Networks and Technology. He will focus on delivering an exceptional network experience for customers by continuing to improve the industry's most reliable network and the industry's most aggressive spectrum deployment with C-Band, optimizing 5G, and driving network efficiencies.
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APM | Hot Stocks07:32 EST Aptorum Group completes EOP1 meeting with FDA regarding SACT-1 - Aptorum Group announced the completion of an end of Phase 1, or EOP1, meeting with the FDA. SACT-1 is a repurposed small molecule drug formulated in oral suspension targeting neuroblastoma in pediatric patients and has also received orphan drug designation previously from the FDA. The EOP1 meeting was focused on gaining alignment with the FDA regarding the clinical and regulatory pathway for SACT-1 for the treatment of neuroblastoma in pediatric patients aged 2-18. The FDA generally agreed with the chemistry-manufacturing-control strategy and our proposed clinical development plan for Phase 1/2 trials.
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RBA IAA | Hot Stocks07:09 EST Ritchie Bros. receives support from large shareholders regarding IAA deal - Ritchie Bros. (RBA) issued the following statement regarding the support it is receiving from many shareholders, including among the company's largest shareholders, as well as industry analysts regarding the acquisition of IAA, Inc. (IAA): "Vontobel Asset Management, which owns 2.15% of Ritchie Bros. shares, has joined many other Ritchie Bros.' shareholders, including a number of our largest shareholders, in publicly supporting the IAA acquisition. We thank Ritchie Bros. shareholders for their strong support, which has been expressed both publicly and in our private conversations. This shareholder support, the positive commentary from independent third-party industry analysts and the increase in Ritchie Bros. stock price since the transaction was announced are all evidence that shareholders and analysts share our enthusiasm for the benefits and upside opportunities that a Ritchie Bros. + IAA combination creates. Importantly, employees and customers are also excited about bringing Ritchie Bros. and IAA together. The Ritchie Bros. management team has a proven record of execution. Integration planning is progressing well, and we are confident in our ability to deliver even greater shareholder value with IAA. In addition to the support announced yesterday by Vontobel Asset Management, Independent Franchise Partners and Eagle Asset Management, who are also among Ritchie Bros.' largest shareholders, have publicly announced their support for the IAA acquisition. Independent third-party industry analysts also recognize the expected benefits and value creation opportunities enabled by the IAA acquisition."
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CDNA | Hot Stocks07:08 EST CareDx comments on MolDX publication of new billing, coding article - CareDx commented on the release of a billing article related to MolDX Molecular Testing for Solid Organ Allograft Rejection that covers AlloSure and AlloMap. The billing article is effective March 31. This revised billing article applies across covered solid organ transplantation tests for kidney and heart. The company said, "The Billing Article addresses Testing Services coverage under the foundational LCD in three main areas: 1. The foundational LCD covers patients utilizing the Testing Services for cause and for surveillance: Testing Services are covered for cause in lieu of biopsy or to further inform on the need for or results of a biopsy. Testing Services are covered for surveillance, where the physician would have otherwise ordered a surveillance biopsy. For Testing Services reimbursement, the ordering physician needs to clarify that they would have otherwise considered a biopsy - either a protocol surveillance or for cause biopsy. Notably, reimbursement is not necessarily limited to centers that have surveillance biopsy protocols. 2. AlloSure Heart Standalone Reimbursement: In heart transplantation, both AlloSure Heart and AlloMap Heart can now be billed individually to Medicare, whereas in the past AlloSure Heart could only be billed with AlloMap Heart. This change will now enable AlloSure Heart to be reimbursed independently. Notably, Most of CareDx's heart transplant patients are covered by commercial payers, while the Billing Article is limited to Medicare patients. Furthermore, approximately 50 percent of 2022 AlloSure Heart revenues were from non-Medicare reimbursement. CareDx has a new source of reimbursement as 19 percent of AlloSure Heart volume year-to-date was ordered alone, independent of AlloMap Heart. This represents a new opportunity for reimbursement in the Medicare population. 3. Pathway for Multimodality: In the Billing Article revision, two billed tests in a single patient encounter will not be covered. MolDX has indicated that this coverage would be considered with additional data supporting this use. This provides a path for multimodality with sufficient data. Notably, CareDx plans to update its HeartCare(R) submission to MolDX. The Company does not expect that this will require a new LCD. CareDx's AlloMap Kidney Test was submitted as a standalone test to MolDX, as well as the planned UroMap(R) submission. Future plans include submitting for multimodal use with additional data. As next steps, CareDx plans to have follow-up discussions with MolDX, submit additional data for HeartCare, and update its procedures in line with the revised Billing Article."
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RBA IAA | Hot Stocks07:07 EST Ritchie Bros. urges shareholders to vote 'for' all proposals on White proxy card - Ritchie Bros. (RBA) issued a letter reinforcing the outstanding value creation opportunity presented by the acquisition of IAA, Inc. (IAA) and highlighting support the company is receiving from many shareholders and independent third-party industry analysts. It urges all shareholders to vote "FOR" all proposals listed on the WHITE Proxy Card.
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WLBMF | Hot Stocks07:06 EST Wallbridge Mining files NI 43-101 technical report for Detour-Fenelon Gold Trend - Wallbridge Mining announced the filing of a National Instrument 43-101 technical report in support of the updated mineral resource estimates for the Fenelon and Martiniere deposits located on Wallbridge's 830 km2 exploration land package on the Detour-Fenelon Gold Trend in Northern Abitibi, Quebec.
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RAAS | Hot Stocks07:05 EST Cloopen announces ADS ratio change - Cloopen announced that it will change the ratio of its American depositary shares to Class A ordinary shares from one ADS representing two Class A ordinary shares to one ADS representing six Class A ordinary shares. For Cloopen's ADS holders, this ratio change will have the same effect as a 1-for-3 reverse ADS split. There will be no change to Cloopen's Class A ordinary shares. Furthermore, no physical action by ADS holders will be required to effect the ratio change, as the change will be effected on the books of the depositary. The effect of the ratio change on the ADS trading price on the New York Stock Exchange is expected to take place at the open of business on March 15. Any fractional ADSs will be sold and the net proceeds from the sale of fractional ADSs will be distributed to the holders entitled thereto.
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OCS EBAC | Hot Stocks07:04 EST Oculis announces public listing on Nasdaq - Oculis Holding announces its listing on Nasdaq after closing the business combination between European Biotech Acquisition Corp. and Oculis SA. The business combination was unanimously approved by the board of directors and shareholders of Oculis SA and by the EBAC shareholders at an extraordinary general meeting on February 28, 2023. From today, Oculis' shares will trade on the Nasdaq Stock Market under the ticker symbol "OCS". Upon closing, Oculis had a pro-forma enterprise value of approximately $220M and a cash balance exceeding $117M, prior to payment of final transaction costs. Oculis is supported by leading new and existing institutional investors in the upsized PIPE financing including LSP 7, funds managed by Tekla Capital Management LLC, Earlybird, Novartis Venture Fund, Pivotal Life Sciences and VI Partners, among others. Oculis' Board of Directors now comprises seven members, including six directors who are "independent" as per Nasdaq listing standards. Anthony Rosenberg will continue to serve as Chairman of the Board of Directors, which now includes Christina Ackermann, Lionel Carnot, Pravin Dugel M.D., Martijn Kleijwegt, Geraldine O'Keeffe and Riad Sherif M.D.
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ODFL | Hot Stocks07:03 EST Old Dominion reports operating metrics for February - Old Dominion reported certain less-than-truckload, or LTL, operating metrics for February. Revenue per day decreased 2.9% as compared to February due to a 12.4% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 10.1% decrease in LTL shipments per day and a 2.5% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 12.1% and 8.6%, respectively, as compared to the same period last year.
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BMY | Hot Stocks06:59 EST Bristol-Myers receives EC approval of Reblozyl - Bristol Myers Squibb announced that the European Commission has granted full Marketing Authorization for Reblozyl, a first-in-class therapeutic option, for treatment in adult patients of anemia associated with non-transfusion-dependent beta thalassemia. Reblozyl is currently approved in the European Union, United States and Canada to address anemia associated with transfusion-dependent beta thalassemia and transfusion-dependent lower-risk myelodysplastic syndromes. The centralized Marketing Authorization approves use of Reblozyl in all EU member states, as well as Norway, Iceland and Liechtenstein.
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HIBB | Hot Stocks06:46 EST Hibbett sees FY24 CapEx $60M-$70M - With the largest share of this investment focused on new store growth, remodels, relocations, new store signage and improving the consumer experience.
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HIBB | Hot Stocks06:45 EST Hibbett sees FY24 gross margin down 20-30 bps vs. FY23 - As a result of an increased promotional environment, a higher mix of e-commerce sales, potential supply chain disruptions and inflationary pressure on certain store occupancy costs, gross margin as a percent of net sales is anticipated to decline by approximately 20 to 30 basis points compared to Fiscal 2023 results. This expected full year gross margin range of 34.9% to 35.0% as a percent of net sales remains above pre-pandemic levels.
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HIBB | Hot Stocks06:43 EST Hibbett CEO sees 'several headwinds' in FY24 - Mike Longo, President and CEO, stated, "As we look ahead to Fiscal 2024, we believe there are several headwinds including inflation, higher interest rates and a more promotional retail environment. We anticipate consumers will be more cautious in their discretionary spending and while we still feel our unique assortment of high demand footwear will drive traffic and sales, margins are expected to be negatively impacted. Hibbett has a proven business model and a strategy to leverage our model and extend our market reach. We will continue our store expansion efforts and believe there are significant opportunities to expand our coverage in more underserved areas in both existing and new markets. We look forward to the opportunities to continue building our Hibbett and City Gear brands and deliver greater value to our customers and shareholders in the future."
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MKTX | Hot Stocks06:42 EST MarketAxess reports February total credit ADV of $14.4B - Chris Concannon, President and COO of MarketAxess commented: "In February we delivered 25% growth in total credit average daily volume to a record $14.4 billion, driven by 30% growth in high-grade to a record $6.7 billion, and 43% growth in high-yield to a record $2.3 billion. These results were generated in part by strong estimated market share gains in high-yield, Eurobonds and municipals, with record Open Trading average daily trading volume of $4.7 billion. Open Trading estimated price improvement3 was approximately $81 million in February and average estimated price improvement per million was approximately $908. Year-to-date, price improvement is running 27% above prior year levels. We believe that stronger industry volumes, estimated market share gains and a favorable macro backdrop, combined with stable average fees per million for total credit, are setting the stage for a strong 2023."
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VERV | Hot Stocks06:41 EST Verve Therapeutics reports new data from study of VERVE-201 - Verve Therapeutics reported new preclinical data in non-human primates demonstrating potent, durable and well-tolerated editing of the ANGPTL3 gene following administration of VERVE-201. To support advancement of VERVE-201 toward clinical development, Verve is evaluating the candidate in numerous preclinical studies and reported preclinical data in NHPs. VERVE-201cyn, the NHP surrogate of VERVE-201, was studied in 34 wild-type NHPs, across three groups: control, 1.5 mg/kg dose and 3.0 mg/kg dose. Key results showed: Mean whole liver DNA editing at the ANGPTL3 gene of 55% and 63% and mean blood ANGPTL3 protein reduction from baseline of 89% and 96%, at 1.5mg/kg and 3.0mg/kg doses, respectively, with durable effects observed out to six months following treatment. Decreased liver triglyceride mass, a nonclinical surrogate for hepatic fat accumulation, in NHPs treated with either 1.5 mg/kg or 3.0 mg/kg of VERVE-201cyn as compared to vehicle control, when assessed six months following treatment. VERVE-201cyn was well-tolerated with only transient impacts on alanine aminotransferase and aspartate aminotransferase that resolved by day 14 and there was no observed impact on total bilirubin levels. On-target ANGPTL3 editing was detected primarily in the liver, with a lower degree of ANGPTL3 editing in adrenal and spleen tissues and minimal ANGPTL3 editing elsewhere, consistent with the biodistribution of LNPs. In an additional study, Verve evaluated VERVE-201's potential in an LDL receptor-deficient NHP model designed to mimic the physiology of patients with HoFH. Patients with HoFH have severe or complete LDLR deficiency, which limits the ability of traditional LNPs to deliver base editing medicines to the liver. Verve has developed its proprietary GalNAc-LNP to allow for uptake via an additional receptor, the asialoglycoprotein receptor, which is expected to enable delivery independent of LDLR. Verve first developed LDLR-deficient NHPs, resulting in an increase in mean LDL-C from 55 to 458 mg/dL. Subsequent treatment in these NHPs with VERVE-201cyn at a dose of 3.0 mg/kg led to: Mean whole liver DNA editing at the ANGPTL3 gene of 60% and a mean 84% reduction in blood ANGPTL3 protein. Mean 46% decrease in LDL-C and a mean 54% decrease in circulating triglycerides. Verve also reported preclinical findings in Ldlr-knockout mice fed a high-fat Western diet, in which administration of VERVE-201mu, as compared to control, led to a 97% reduction in blood ANGPTL3 protein, a 47% reduction in LDL-C and a 72% reduction in triglycerides.
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JOUT | Hot Stocks06:01 EST Johnson Outdoors to sell Eureka! Military and Commercial Tents to Rekord Group - Johnson Outdoors announced that it has entered into a definitive agreement to sell the Eureka! Military and Commercial Tents product lines of its Camping business segment to Rekord Group, a global company that specializes in commercial, event and military tents and structures. The transaction is expected to close by March 17, subject to customary closing conditions. Rekord Group will buy the military and commercial tents product lines, and a facility in Binghamton, New York, for an estimated $13.7M, subject to certain potential customary purchase price adjustments mutually agreed to by the parties in connection with the closing. This sale does not include the Eureka! brand name, or the Eureka! consumer/recreational Camping business, which Johnson Outdoors will continue to operate.
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BA | Hot Stocks05:13 EST Boeing, GBA announce order for 15 737-9 airplanes - Greater Bay Airlines, or GBA and Boeing announced an order for 15 737-9 airplanes. The agreement also includes a commitment for five 787 Dreamliners to support GBA's long-term plan to launch international long-haul service.
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CIH | Hot Stocks05:11 EST China Index Holdings sets record date for dissemination of transaction statement - China Index Holdings announced that it has set March 2 as the record date for the dissemination of Rule 13e-3 Transaction Statement on Schedule 13E-3 in connection with a previously announced "going private" transaction contemplated under an agreement and plan of merger the company entered into with CIH Holdings and CIH Merger Sub Holdings Limited, a wholly owned subsidiary of parent, on December 22, 2022.
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