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Month: September 2022
Trading Signals

What Led The SAI.TECH (SAI) Stock To Increase After-Hours On Thursday?

The stock of SAI.TECH Global Corporation (NASDAQ: SAI) rose 49.56% in after-hours trading to close at $3.38 after announcing new products and lost -26.14 percent during regular trading. What products has SAI launched? As part of its SAIHUB BOX product line, SAI.TECH (SAI) announced this week the addition of two new products, the TANKBOX and RACKBOX. The TANKBOX and RACKBOX are both designed with separate immersion cooling and plate cooling technologies, making them adaptable to any outdoor installation environment and compatible with all current mining models. SAIHUB-CAB The SAIHUB CAB is the first generation of SAIHUB’s indoor cabinet products. It
Stock Investing

Reliance Global (RELI) Stock Rose 7% In Extended Trades On Friday, But Why?

After-hours trading showed shares of Reliance Global Group Inc. (Nasdaq: RELI) up 7.43% to $0.82 following an announcement of a share repurchase program. RELI closed the regular session at $0.76, trading 0.45 million shares. How does RELI plan to repurchase shares? As part of its share repurchase program, the Board of Directors of Reliance Global (RELI) announced on Friday that up to 3.0 million shares of its outstanding common stock may be purchased under the program. Upon the Company’s release of its quarterly earnings for the three months ended September 30, 2022 (the “Commencement Date”), it will become effective three
Market Activity

What Caused Purple Innovation (PRPL) Stock to Rocket Today?

After receiving a takeover bid, Purple Innovation Inc. (NASDAQ: PRPL) shares increased 42.38% to trade at $3.97 in current market trading. At the end of the previous session, PRPL closed at $2.79. Who is the bidder for PRPL? In a statement released today, Purple Innovation (PRPL) confirmed that Coliseum Capital Management, LLC sent it an unsolicited, non-binding proposal on September 17, 2022. A bid of $4.35 per share was made to acquire all of PRPL’s outstanding capital stock. To determine the best course of action for Purple and all Purple shareholders, the PRPL Board of Directors will carefully review the
Stock Investing

Best Stocks For 10 Years to Buy Right Now

Even as inflation data indicates that consumer prices are the highest in the United States than they have been in nearly four decades, there are signs that the rot is slowing as energy prices inch lower, supply chains show marked improvement and the job market booms. Last week, the US Department of Labor reported that inflation rose 6.8% in the last twelve months, the highest increase on record since 1982. However, a wave of optimism has been fueled as energy prices inch to a seven-week low and the Fed projects more cuts ahead. According to a report by CNN, signs
Market Activity

Why Spectrum Pharmaceuticals (SPPI) Stock Is Rising Pre-Market Today?

Spectrum Pharmaceuticals Inc. (SPPI) shares are up 18.15% in premarket trading to $1.53 after announcing a presentation data. The stock closed Friday’s session at $1.29 up 2.78%. What SPPI has presented? As part of a poster presentation titled: “High Activity of Poziotinib in Non-Small Cell Lung Cancer (NSCLC) with G778_P780dup HER2 Exon 20 Insertion Mutations” Spectrum Pharmaceuticals (SPPI) has announced data. Both newly diagnosed patients with NSCLC and patients who have been previously treated with poziotinib show high responses to it. On September 12, 2022, Xiuning Le, M.D., Ph.D., Assistant Professor, The University of Texas MD Anderson Cancer Center, will
Equity News

Five Best Drone Stocks To Invest in 2022

In the current day and age, drones are proving themselves to be useful and popular in a variety of fields, which is why drone stocks are in such high demand. In many areas, drones play a vital role in many different aspects of life including military services, agriculture, surveillance, delivery, search and rescue, wildlife monitoring, healthcare, recreation, and even in some areas of military operations. Drones are more popular than ever, and it’s not just hobbyists who are into unmanned aerial vehicles or UAVs. The military increasingly relies on them, as do law enforcement, the entertainment industry, industrial agriculture, and
Equity News

Best Lithium Stocks to Invest in 2022

The Lithium industry is one that many claims are on the verge of a price explosion. With increasing momentum in the shift towards electric vehicles, metal continues to see an increase in demand. Analysts point out that demand will continue to outweigh available supply right through 2030. Electric vehicles (EVs) and laptops rely heavily on lithium batteries for their lightweight, power-dense performances. It is no wonder that lithium prices have more than doubled since 2015 because of the insatiable demand for these products, especially electric vehicles. Furthermore, many governments have been actively supporting the push toward electric vehicles. This is

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