Noah, Grupo Supervielle among financial movers
Gainers:
- Logistic Properties of the Americas (LPA) surged by 49%.
- Binah Capital (BCG) and Pineapple Financial (PAPL) both gained 11%.
- Sentage (SNTG) and Grupo Supervielle S.A. ADR (SUPV) increased by 8%.
Losers:
- Noah ADR (NOAH) dropped by 21%.
- Tian Ruixiang (TIRX) decreased by 15%.
- Plutonian Acquisition (PLTN) fell by 8%.
- Garden Stage (GSIW) and Abacus Life (ABL) saw losses of 7% and 5%, respectively.
S&P 500 Financials Sector:
- The sector rose by 0.2% to 679.16.
- Banks, contributing 33.9% to the index, also increased by 0.2% to 396.41.
- Financial Services, contributing 45.8% to the index, rose by 0.2% to 1150.51.
- Insurance, contributing 20.3% to the index, saw a 0.5% increase to 718.69.
More on Financial Select Sector SPDR ETF:
- An analysis downgraded XLF to Hold.
- Focus on the CPI report, AI tech events, and major bank earnings.
Other Highlights:
- Crypto-tied firms were among the week's biggest winners.
- Argentine banks experienced a decline.
- Robinhood had the largest weekly gain among financial stocks, while Burford retreated.
- Seeking Alpha's Quant Rating on Financial Select Sector SPDR ETF was discussed.
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High Roller Technologies Inc Closes Direct Offering, Raises $25 Million
- Successful Financing: High Roller Technologies Inc announced the completion of a registered direct offering of 1.89 million common shares at $13.21 per share, raising approximately $25 million in gross proceeds, significantly enhancing the company's liquidity to support future business expansion.
- Stock Surge: Following this announcement, High Roller’s shares jumped 29.6% to $10.21 in pre-market trading, reflecting strong market confidence in the company's growth potential and likely attracting more investor interest.
- Positive Market Reaction: The successful financing not only improves High Roller’s capital structure but also positions the company to gain a stronger competitive edge in the fiercely competitive online gaming market, aiding in further market share expansion.
- Strategic Growth Outlook: With this financing, High Roller Technologies can accelerate its strategic plans, including technological innovation and market expansion, which is expected to bring long-term growth opportunities and enhance shareholder value.
GameStop Corp (GME) CEO Ryan Cohen Buys 500,000 Shares, Stock Rises 2.6%
- CEO Stock Purchase: GameStop CEO Ryan Cohen disclosed the purchase of 500,000 shares at an average price of approximately $21.12 per share in an SEC filing, which not only boosts market confidence but may also enhance investor expectations regarding the company's future growth.
- Stock Price Surge: Following this announcement, GameStop's stock rose 2.6% to $21.65 in pre-market trading, indicating a positive market reaction to the company's strategic direction, potentially attracting more investor interest.
- Market Movements: Pineapple Financial saw a dramatic increase of 175.2% to $2.67 in pre-market trading, reflecting market recognition of its first-quarter gross billings of $4.1 million and revenue of $0.7 million, showcasing its future growth potential.
- Other Stock Performances: Anteris Technologies announced plans for a $200 million public offering, resulting in a 26.4% increase in its stock price to $7.27, indicating a positive market response to its capital expansion plans, which may provide funding support for future growth.
Planet Labs Shares Rise Approximately 16%; Check Out 20 Stocks Making Moves in Premarket Trading
Planet Labs Performance: Planet Labs PBC shares surged 16.4% to $15.15 in pre-market trading after reporting third-quarter revenue of $81.25 million, exceeding analyst expectations, and raising its FY26 sales guidance.
Other Gainers: Several stocks saw significant pre-market gains, including Agape ATP Corporation (+152.3%), WORK Medical Technology Group (+38.4%), and Galaxy Payroll Group (+37.8%).
Notable Losers: Stocks that experienced sharp declines include Kaival Brands (-40%), Beasley Broadcast Group (-35.3%), and Oxford Industries (-25.6%) after reporting disappointing financial results.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with notable movements influenced by recent earnings reports and guidance updates.
Pineapple Financial Shares Surge Following Strategic Entry into Injective Treasury
Pineapple Financial Inc. Stock Surge: Toronto-based Pineapple Financial Inc. saw its stock price increase by over 100% after closing a $100 million private placement, making it the first publicly traded company to create a digital asset treasury using Injective's INJ token.
Institutional Adoption of Blockchain: The financing, which involved issuing nearly 24.6 million subscription receipts, is viewed as a significant step for institutional on-chain finance, with expectations of generating a 12% yield and attracting support from various investors in both traditional finance and crypto sectors.
Dow Drops More Than 100 Points as US Economy Gains 22,000 Jobs
Market Performance: U.S. stocks mostly declined, with the Dow Jones dropping over 100 points, while the NASDAQ saw a slight increase. The S&P 500 also fell, reflecting a mixed performance across sectors.
Job Market Update: The U.S. economy added only 22,000 jobs in August, significantly lower than July's figures and below economists' expectations, with the unemployment rate rising to 4.3%.
Equities Movement: Notable stock movements included Hour Loop Inc. surging 118% and Pineapple Financial Inc. rising 71%, while Youxin Technology Ltd. plummeted 60% following a public offering announcement.
Commodities and Global Markets: Oil prices fell by 2.3%, while gold and silver saw slight increases. European shares were mixed, and Asian markets closed mostly higher, indicating varied global market trends.
Why International Money Express Shares Are Trading Higher By Around 54%; Here Are 20 Stocks Moving Premarket
Western Union Acquisition: Western Union plans to acquire International Money Express, Inc. (Intermex) for $500 million, leading to a significant 54.3% rise in IMXI shares during pre-market trading.
Market Movements: Various stocks experienced notable changes in pre-market trading, with ALT5 Sigma Corporation gaining 79.2% and C3.ai, Inc. dropping 29.5% following their earnings report.
High Roller Technologies Inc Closes Direct Offering, Raises $25 Million
- Successful Financing: High Roller Technologies Inc announced the completion of a registered direct offering of 1.89 million common shares at $13.21 per share, raising approximately $25 million in gross proceeds, significantly enhancing the company's liquidity to support future business expansion.
- Stock Surge: Following this announcement, High Roller’s shares jumped 29.6% to $10.21 in pre-market trading, reflecting strong market confidence in the company's growth potential and likely attracting more investor interest.
- Positive Market Reaction: The successful financing not only improves High Roller’s capital structure but also positions the company to gain a stronger competitive edge in the fiercely competitive online gaming market, aiding in further market share expansion.
- Strategic Growth Outlook: With this financing, High Roller Technologies can accelerate its strategic plans, including technological innovation and market expansion, which is expected to bring long-term growth opportunities and enhance shareholder value.
GameStop Corp (GME) CEO Ryan Cohen Buys 500,000 Shares, Stock Rises 2.6%
- CEO Stock Purchase: GameStop CEO Ryan Cohen disclosed the purchase of 500,000 shares at an average price of approximately $21.12 per share in an SEC filing, which not only boosts market confidence but may also enhance investor expectations regarding the company's future growth.
- Stock Price Surge: Following this announcement, GameStop's stock rose 2.6% to $21.65 in pre-market trading, indicating a positive market reaction to the company's strategic direction, potentially attracting more investor interest.
- Market Movements: Pineapple Financial saw a dramatic increase of 175.2% to $2.67 in pre-market trading, reflecting market recognition of its first-quarter gross billings of $4.1 million and revenue of $0.7 million, showcasing its future growth potential.
- Other Stock Performances: Anteris Technologies announced plans for a $200 million public offering, resulting in a 26.4% increase in its stock price to $7.27, indicating a positive market response to its capital expansion plans, which may provide funding support for future growth.
Planet Labs Shares Rise Approximately 16%; Check Out 20 Stocks Making Moves in Premarket Trading
Planet Labs Performance: Planet Labs PBC shares surged 16.4% to $15.15 in pre-market trading after reporting third-quarter revenue of $81.25 million, exceeding analyst expectations, and raising its FY26 sales guidance.
Other Gainers: Several stocks saw significant pre-market gains, including Agape ATP Corporation (+152.3%), WORK Medical Technology Group (+38.4%), and Galaxy Payroll Group (+37.8%).
Notable Losers: Stocks that experienced sharp declines include Kaival Brands (-40%), Beasley Broadcast Group (-35.3%), and Oxford Industries (-25.6%) after reporting disappointing financial results.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with notable movements influenced by recent earnings reports and guidance updates.
Pineapple Financial Shares Surge Following Strategic Entry into Injective Treasury
Pineapple Financial Inc. Stock Surge: Toronto-based Pineapple Financial Inc. saw its stock price increase by over 100% after closing a $100 million private placement, making it the first publicly traded company to create a digital asset treasury using Injective's INJ token.
Institutional Adoption of Blockchain: The financing, which involved issuing nearly 24.6 million subscription receipts, is viewed as a significant step for institutional on-chain finance, with expectations of generating a 12% yield and attracting support from various investors in both traditional finance and crypto sectors.
Dow Drops More Than 100 Points as US Economy Gains 22,000 Jobs
Market Performance: U.S. stocks mostly declined, with the Dow Jones dropping over 100 points, while the NASDAQ saw a slight increase. The S&P 500 also fell, reflecting a mixed performance across sectors.
Job Market Update: The U.S. economy added only 22,000 jobs in August, significantly lower than July's figures and below economists' expectations, with the unemployment rate rising to 4.3%.
Equities Movement: Notable stock movements included Hour Loop Inc. surging 118% and Pineapple Financial Inc. rising 71%, while Youxin Technology Ltd. plummeted 60% following a public offering announcement.
Commodities and Global Markets: Oil prices fell by 2.3%, while gold and silver saw slight increases. European shares were mixed, and Asian markets closed mostly higher, indicating varied global market trends.
Why International Money Express Shares Are Trading Higher By Around 54%; Here Are 20 Stocks Moving Premarket
Western Union Acquisition: Western Union plans to acquire International Money Express, Inc. (Intermex) for $500 million, leading to a significant 54.3% rise in IMXI shares during pre-market trading.
Market Movements: Various stocks experienced notable changes in pre-market trading, with ALT5 Sigma Corporation gaining 79.2% and C3.ai, Inc. dropping 29.5% following their earnings report.
