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Morning Market Movers: SMX, RUBI, AFJK, SOC See Big Swings
RTTNews· 2026-01-02 12:41
Core Viewpoint - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Group 1: Premarket Gainers - SMX (Security Matters) Public Limited Company (SMX) is up 39% at $22.80 [3] - Rubico Inc. (RUBI) has increased by 21% to $1.30 [3] - Aimei Health Technology Co., Ltd (AFJK) is up 19% at $76.80 [3] - Sable Offshore Corp. (SOC) has risen 19% to $10.81 [3] - Diginex Limited (DGNX) is up 18% at $4.95 [3] - Sidus Space, Inc. (SIDU) has increased by 18% to $3.71 [3] - SELLAS Life Sciences Group, Inc. (SLS) is up 16% at $4.40 [3] - Alchemy Investments Acquisition Corp 1 (ALCY) has risen 14% to $16.24 [3] - Greenidge Generation Holdings Inc. (GREE) is up 11% at $1.65 [3] - Enigmatig Limited (EGG) has increased by 5% to $5.52 [3] Group 2: Premarket Losers - Intelligent Bio Solutions Inc. (INBS) is down 11% at $8.48 [4] - ZW Data Action Technologies Inc. (CNET) has decreased by 11% to $1.20 [4] - Nuvve Holding Corp. (NVVE) is down 9% at $2.31 [4] - ESH Acquisition Corp. (ESHA) has fallen 8% to $17.59 [4] - LZ Technology Holdings Limited (LZMH) is down 6% at $1.55 [4] - Oriental Rise Holdings Limited (ORIS) has decreased by 4% to $1.43 [4] - Cango Inc. (CANG) is down 3% at $1.45 [4] - Massimo Group (MAMO) has fallen 2% to $3.90 [4] - Anghami Inc. (ANGH) is down 2% at $3.68 [4] - AIM ImmunoTech Inc. (AIM) has decreased by 2% to $1.10 [4]
Stock Market Today: S&P 500, Dow Futures Gain On The First Trading Day Of 2026— Baidu, Rubico, Intelligent Bio Solutions In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2026-01-02 10:12
Market Overview - U.S. stock futures rose on the first trading day of the year after a lackluster Santa Claus rally, with major benchmark indices showing positive movement [1] - The S&P 500 declined for the fourth consecutive session despite gains recorded for 2025 [1] Treasury Yields and Federal Reserve Outlook - The 10-year Treasury bond yielded 4.15%, while the two-year bond was at 3.46% [2] - Markets are pricing an 85.1% likelihood that the Federal Reserve will keep interest rates unchanged in January [2] Futures Performance - Dow Jones futures increased by 0.37%, S&P 500 by 0.62%, Nasdaq 100 by 1.08%, and Russell 2000 by 0.75% [3] - SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.69% to $686.61, and Invesco QQQ Trust ETF (NASDAQ:QQQ) advanced 1.12% to $621.18 in premarket trading [3] Company Highlights - Baidu Inc. (NASDAQ:BIDU) shares surged 12.20% following the announcement of a proposed spinoff and separate listing of Kunlunxin (Beijing) Technology Co., Ltd. on the Hong Kong Stock Exchange [8] - Rubico Inc. (NASDAQ:RUBI) experienced a 16.82% increase after entering a purchase agreement for a vessel-owning company [8] - Intelligent Bio Solutions Inc. (NASDAQ:INBS) dropped 23.40% due to a $10 million private placement announcement [7] - Outlook Therapeutics Inc. (NASDAQ:OTLK) fell 56.52% after the FDA issued a complete response letter regarding its biologics license application [8] - ChowChow Cloud International HLDG Ltd. (NYSE:CHOW) advanced 80.89% after reporting a revenue increase of 81.3% year-over-year to $22.8 million [18] Analyst Insights - Analysts predict a cooling period for the U.S. stock market in 2026, with expected modest gains of 3% to 5% for the S&P 500 [13] - Jay Woods, Chief Market Strategist at Freedom Capital Markets, anticipates a shift from explosive growth to more moderate performance, with the S&P 500 targeting a range around 7,250 [13][14] - Concerns about rising uncertainties, including tariff impacts and changes at the Federal Reserve, may lead to increased market volatility [14][15]
Intelligent Bio Solutions Announces $10.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-12-31 22:20
Core Viewpoint - Intelligent Bio Solutions Inc. has entered into a securities purchase agreement to raise approximately $10 million through a private placement of common stock and warrants, aimed at enhancing its working capital and general corporate purposes [1][2]. Group 1: Securities Offering - The company will issue 2,298,850 shares of common stock and associated Series K-1 and K-2 warrants, priced at $4.35 per share, with expected gross proceeds of around $10 million before expenses [1]. - The Series K-1 and K-2 warrants will have an exercise price of $4.10 per share and will be exercisable immediately upon issuance, with a term of five years [1]. - The closing of the private placement is anticipated on or about January 2, 2026, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Intelligent Bio Solutions Inc. specializes in medical technology, focusing on intelligent, rapid, non-invasive testing solutions, particularly through its Intelligent Fingerprinting Drug Screening System [5]. - The company's technology allows for quick sample collection and results in under ten minutes, targeting industries such as construction, manufacturing, and transport [5].
Nasdaq Moves Lower; US Crude Oil Inventories Decline Sharply - Anghami (NASDAQ:ANGH), Corcept Therapeutics (NASDAQ:CORT)
Benzinga· 2025-12-31 17:56
Market Overview - U.S. stocks experienced a decline, with the Dow Jones index falling over 100 points, down 0.28% to 48,229.87, NASDAQ slipping 0.26% to 23,359.33, and S&P 500 dropping 0.26% to 6,878.07 [1] - European shares also fell, with the eurozone's STOXX 600 down 0.14%, Spain's IBEX 35 Index down 0.27%, London's FTSE 100 down 0.09%, and France's CAC 40 down 0.23% [6] - Asian markets closed mixed, with Hong Kong's Hang Seng Index down 0.87%, China's Shanghai Composite up 0.09%, and India's BSE Sensex up 0.64% [7] Commodities - In commodity trading, oil increased by 0.1% to $58.02, while gold decreased by 0.8% to $4,351.00. Silver fell 7.3% to $72.255, and copper dropped 1.9% to $5.6710 [5] Company News - Anghami Inc. shares surged 50% to $3.7306 following a year-over-year increase in H1 results [9] - Vanda Pharmaceuticals Inc. saw a 32% increase in shares to $9.28 after receiving FDA approval for NEREUS [9] - Intelligent Bio Solutions Inc. shares rose 102% to $8.27 due to a strategic manufacturing partnership with Syrma Johari MedTech [9] - Corcept Therapeutics Incorporated shares plummeted 52% to $34.04 after receiving a Complete Response Letter from the FDA [9] - FuelCell Energy, Inc. shares fell 10% to $7.18 after filing for an amended common stock offering [9] - SMX Public Limited Company shares dropped 37% to $32.30 [9] Economic Indicators - U.S. initial jobless claims decreased by 16,000 to 199,000, better than market estimates of 220,000 [10] - U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 1.934 million barrels, marking the largest weekly decline since mid-November, compared to market estimates of a 0.9 million-barrel decrease [10][2]
Intelligent Bio Stock Doubles On New Manufacturing Deal Promising Major Cost Cuts
Benzinga· 2025-12-31 17:12
Core Viewpoint - Intelligent Bio Solutions Inc. is experiencing a significant increase in stock price and trading volume due to a new strategic manufacturing partnership with Syrma Johari MedTech Ltd. aimed at enhancing production capabilities and improving margins [2][6]. Group 1: Partnership and Production - Intelligent Bio has announced a strategic manufacturing partnership with Syrma Johari MedTech Ltd. to support and scale the production of its Intelligent Fingerprinting Drug Screening Reader [2]. - The partnership is expected to yield substantial operational and financial benefits, including annual production cost savings of over 40% and an approximate 20 percentage point improvement in gross margin compared to previous arrangements [3][4]. - Syrma Johari's manufacturing capacity is about four times that of Intelligent Bio's current capacity, enabling the company to meet anticipated demand as it scales its commercial operations [4]. Group 2: Supply Chain and Market Strategy - The collaboration enhances Intelligent Bio's global manufacturing strategy by reducing reliance on a single supplier and increasing resilience in its supply chain [4]. - The partnership broadens manufacturing capacity, ensures continuity, and creates flexibility in preparation for future demand, including a planned U.S. market entry in 2026 [5]. - Syrma Johari operates 14 manufacturing locations and four design and innovation centers across India, Europe, and the United States, and is set to open a new medical-grade plastics manufacturing facility in India in January 2026 [5]. Group 3: Stock Performance - Intelligent Bio Solutions shares rose by 114.63% to $8.80 at the time of publication, reflecting strong market interest and confidence in the company's strategic moves [6].
Intelligent Bio Solutions Announces New Manufacturing Partnership to Strengthen Global Production Capability and Increase Margins
Globenewswire· 2025-12-31 13:45
Core Insights - Intelligent Bio Solutions Inc. (INBS) has formed a strategic manufacturing partnership with Syrma Johari MedTech to enhance its production capabilities and support its entry into the U.S. market in 2026 [1][3]. Group 1: Partnership Benefits - The partnership is expected to yield annual production cost savings exceeding 40%, leading to an anticipated improvement of approximately 20 percentage points in gross margin compared to previous manufacturing arrangements [2]. - Syrma Johari's manufacturing capacity is about four times that of INBS, enabling the company to efficiently meet anticipated demand as it scales its commercial operations [2]. Group 2: Supply Chain Resilience - This collaboration strengthens INBS' global manufacturing strategy by reducing reliance on a single supplier and enhancing supply chain resilience [3]. - The partnership broadens manufacturing capacity, ensures continuity, and creates flexibility in preparation for future demand across multiple regions [3]. Group 3: Syrma Johari's Capabilities - Syrma Johari has over 45 years of experience in medical device engineering and manufacturing, operating 14 manufacturing locations and four design and innovation centers globally [4]. - The company is certified to ISO 13485, MDSAP, FDA, TUV SUD, and GMP standards, ensuring high compliance and quality in medical device manufacturing [4]. Group 4: Production Efficiency - Syrma Johari's vertical integration and export-oriented model facilitate high-quality production while optimizing sourcing, tooling, testing, and logistics [5]. - The company is set to open a new medical-grade plastics manufacturing facility in India in January 2026, further enhancing its capabilities to meet global demand [5]. Group 5: Regulatory Support - Syrma Johari's extensive regulatory and quality-assurance capabilities align with INBS' global expansion plans, providing end-to-end quality systems and regulatory documentation support [6]. - This expertise will assist INBS in advancing its regulatory pathways and preparing for increased commercial activity worldwide [6]. Group 6: Strategic Importance - The partnership is viewed as a significant milestone for INBS, enhancing its supply chain and supporting future growth [7]. - Both companies express a strong alignment in innovation, quality, and long-term vision, indicating a commitment to scaling disruptive drug-screening technology [7][8].
Intelligent Bio Solutions Announces Strategic Partnership with Vlepis, Provider of Advanced Sensing and Wearable Patch Technologies, to Drive Innovation in Non-Invasive Screening and Consumer Health Monitoring
Globenewswire· 2025-12-18 13:30
Core Viewpoint - Intelligent Bio Solutions Inc. (INBS) has entered a strategic alliance with Vlepis Pty Ltd to enhance its position in the consumer health monitoring market, leveraging both companies' technologies and expertise to accelerate the adoption of intelligent testing solutions [1][3]. Group 1: Strategic Alliance and Market Positioning - The partnership aims to combine INBS's non-invasive testing technologies with Vlepis's wearable solutions to enter the rapidly growing consumer health market, which is projected to expand significantly [1][3]. - Vlepis's wearable and software technologies complement INBS's existing products, including the Intelligent Fingerprinting Drug Testing Solution and the SMARTOX SmarTest Patch [1][3]. - The collaboration will focus on research and development, distribution network expansion, and leveraging regulatory expertise to expedite commercialization in key international markets [6]. Group 2: Market Growth and Demand - The global wearable medical devices market is valued at USD 42.7 billion in 2024 and is expected to grow at over 25% annually, reaching USD 168.3 billion by 2030, driving demand for non-invasive health solutions [2]. - The consumer healthcare sector is currently estimated at USD 383.7 billion and is projected to grow to USD 548.7 billion by 2030, indicating strong long-term revenue potential for INBS and Vlepis [3]. Group 3: Technological Integration and Innovation - The partnership allows INBS to evaluate Vlepis's proprietary technologies, which connect wearable devices to cloud-based platforms, enhancing the product ecosystem and customer value [3][4]. - The integration of INBS's Intelligent Fingerprinting System and SmarTest Patch with Vlepis's smart wearables could extend applications into both business-to-business-to-consumer and direct-to-consumer health markets [3][4]. - Vlepis's sensing solutions are designed for rapid customer deployment and adoption, supporting the digital transformation of health monitoring [4][5].
Intelligent Bio Solutions Inc. Announces Reverse Stock Split
Globenewswire· 2025-12-12 15:30
Core Viewpoint - Intelligent Bio Solutions Inc. will implement a 1-for-10 reverse stock split effective December 15, 2025, to enhance its stock price and maintain compliance with Nasdaq listing requirements [1][2]. Company Overview - Intelligent Bio Solutions Inc. is a medical technology company focused on providing intelligent, rapid, non-invasive testing solutions, particularly through its Intelligent Fingerprinting Drug Screening System [4]. - The company aims to revolutionize portable testing via fingerprint sweat analysis, targeting industries such as construction, manufacturing, transport, and drug treatment organizations [4]. Reverse Stock Split Details - The reverse stock split will combine every 10 shares of common stock into one share, with no fractional shares issued; instead, stockholders will receive cash for any fractional shares [3]. - After the split, the par value of the common stock will remain at $0.01 per share, and the total number of authorized shares will stay at 100 million [3]. - Following the reverse split, approximately 959,533 shares of common stock will be issued and outstanding [3].
Intelligent Bio Solutions to Participate in Noble Capital Markets' 21st Annual Emerging Growth Equity Conference on December 2-3, 2025
Newsfile· 2025-11-20 13:30
Core Insights - Intelligent Bio Solutions Inc. will participate in the 21st Annual Emerging Growth Equity Conference hosted by Noble Capital Markets on December 2-3, 2025 [1] Company Overview - Intelligent Bio Solutions Inc. is a medical technology company focused on delivering intelligent, rapid, non-invasive testing solutions [4] - The company’s Intelligent Fingerprinting Drug Screening System utilizes fingerprint sweat analysis, aiming to revolutionize portable testing with potential applications in various fields [4] - The system is designed to be hygienic and cost-effective, screening for recent drug use, including opiates, cocaine, methamphetamine, and cannabis, with results available in under ten minutes [4] - Current customer segments outside the U.S. include construction, manufacturing, engineering, transport and logistics, mining, drug treatment organizations, and coroners [4] Conference Details - The conference will take place at Florida Atlantic University, Boca Raton, FL, with Intelligent Bio Solutions scheduled to present on December 3, 2025, at 11:00 a.m. Eastern Time [2] - A webcast recording of the presentation will be available on the company's investor relations website and Noble's website for 90 days post-event [2]
Intelligent Bio Solutions to Participate in Noble Capital Markets’ 21st Annual Emerging Growth Equity Conference on December 2-3, 2025
Globenewswire· 2025-11-20 13:30
Core Insights - Intelligent Bio Solutions Inc. (INBS) is participating in the Noble Capital Markets' 21st Annual Emerging Growth Equity Conference on December 2-3, 2025, in Boca Raton, Florida [1][2] Company Overview - Intelligent Bio Solutions Inc. is a medical technology company focused on delivering intelligent, rapid, non-invasive testing solutions [4] - The company's Intelligent Fingerprinting Drug Screening System utilizes fingerprint sweat analysis, aiming to revolutionize portable testing with potential applications in various fields [4] - The system is designed to be hygienic and cost-effective, screening for recent drug use, including opiates, cocaine, methamphetamine, and cannabis, with sample collection in seconds and results in under ten minutes [4] - Current customer segments outside the U.S. include construction, manufacturing, engineering, transport and logistics, mining, drug treatment organizations, and coroners [4]