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Alternus Clean Energy, Inc. Announces 1-for-25 Reverse Stock Split as Part of Nasdaq Compliance Plan
Newsfile· 2024-10-09 12:30
Fort Mill, South Carolina--(Newsfile Corp. - October 9, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), today announced that it will effect a 1-for-25 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Friday, October 11, 2024, and the Company's common stock will commence trading on the Nasdaq Capital Market on a post-split basis at the open ...
Chinese Tech Stocks Slump as Nasdaq's Golden Dragon Index Dips
GuruFocus· 2024-10-08 20:50
Group 1: Major Stock Movements - Major Chinese stocks saw significant declines, with the Nasdaq Golden Dragon China Index (HXC) dropping by 6.85% [1] - Notable decliners included Alibaba (BABA) down by 6.66%, Pinduoduo (PDD) down by 5.38%, JD.com (JD) falling by 7.52%, and NetEase (NTES) decreasing by 5.14% [1] - Travel service company Trip.com (TCOM) experienced a sharp decline of 10.05%, while Baidu (BIDU) and Li Auto (LI) saw losses of 7.39% and 8.10% respectively [1] Group 2: Other Notable Declines - New Oriental Education & Technology (EDU) fell by 4.76%, Huazhu Group (HTHT) by 2.41%, and XPeng (XPEV) by 7.34% [2] - Bilibili (BILI) experienced a significant drop of 12.93%, while Weibo (WB) tumbled by 12.38% [2] - Lufax Holding (LU) recorded a steep downturn of 14.36% [2] Group 3: Broader Market Trends - In the broader U.S. market, stocks closed higher, with technology shares leading the rally [2] - The Dow Jones Industrial Average rose by 126.13 points, or 0.30%, to 42,080.37 [2] - The Nasdaq Composite increased by 259.01 points, or 1.45%, to 18,182.92, and the S&P 500 gained 55.19 points, marking a 0.97% rise to close at 5,751.13 [2]
Nasdaq Resumes Trading in BAIYU Holdings, Inc.
GlobeNewswire News Room· 2024-10-08 19:26
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading will resume in BAIYU Holdings, Inc. (Nasdaq: BYU) at 9:00 a.m. Eastern Time on October 9, 2024. Trading in the company’s stock was halted on September 5, 2024 at 7:50 p.m. Eastern Time. For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Mark ...
Nasdaq Surges Over 1%; DocuSign Shares Spike Higher
Benzinga· 2024-10-08 18:30
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 1% on Tuesday.The Dow traded up 0.20% to 42,038.02 while the NASDAQ rose 1.15% to 18,130.89. The S&P 500 also rose, gaining, 0.77% to 5,739.69.Check This Out: Top 2 Energy Stocks You May Want To Dump In Q4Leading and Lagging SectorsInformation technology shares jumped by 1.6% on Tuesday.In trading on Tuesday, energy shares dipped by 2.4%.Top HeadlineThe trade deficit in the U.S. shrank to $70.4 billion in August, rec ...
Nasdaq Golden Dragon Index Sees Largest Drop Since March 2023 as Chinese Stocks Decline
GuruFocus· 2024-10-08 14:52
The Nasdaq Golden Dragon China Index took a significant hit, dropping 5.4% in its initial trading phase, marking its steepest decline since March 2023. This downturn affected numerous popular Chinese stocks.Tiger Brokers (TIGR, Financial) experienced a sharp fall, plummeting nearly 20%, while Futu Holdings (FUTU) saw a decline of over 18%. Additionally, Bilibili (BILI) shares dropped almost 12%. ...
22nd Century Regains Compliance with Nasdaq Stockholders' Equity Requirement
Newsfile· 2024-10-08 12:00
Mocksville, North Carolina--(Newsfile Corp. - October 8, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced that it has received formal written notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum stockholders' equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1) (the "Equity Rule" ...
Nasdaq Launches PureStream in Europe – A new tool for trajectory trading
GlobeNewswire News Room· 2024-10-08 06:30
Core Insights - Nasdaq announced the planned launch of PureStream, a new volume-based trajectory trading solution for EU shares, expected to launch in Q1 2025 pending regulatory approval [1][2] - PureStream aims to enhance price and liquidity discovery for institutional investors by utilizing open-ended liquidity transfer rates, allowing for better execution outcomes [1][3] - The introduction of PureStream in Europe reinforces Nasdaq's commitment to innovation and its leadership in technology solutions for the global economy [3] Group 1 - PureStream will provide a venue-operated service for trajectory trading, facilitating interactions among institutional investors with similar execution goals [1][2] - The solution allows institutional investors to minimize market impact and automate order execution by trading a percentage of future market volume at the volume-weighted-average-price (VWAP) [1][2] - The launch of PureStream underscores Nasdaq's commitment to offering world-class platforms that meet the evolving needs of global capital markets [2][3] Group 2 - PureStream is already available in the US and Canada, indicating a successful initial rollout before its European launch [1] - The service is designed to improve execution for long-term trajectory orders by pairing trading interests in open-ended streaming batches, moving away from reliance on single point-in-time liquidity sourcing [2] - Nasdaq's introduction of PureStream in Europe is seen as a significant milestone in advancing streaming globally [1][3]
Nasdaq Reports September 2024 Volumes and 3Q24 Statistics
GlobeNewswire News Room· 2024-10-07 20:45
NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for September 2024, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended September 30, 2024, on its Investor Relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment m ...
Nasdaq: Tailwinds In IPO Activity And Software Company Acquisitions
Seeking Alpha· 2024-10-07 20:22
In the last month, the Financial Exchanges and Data industry has been behind the S&P 500 (Figure 1), especially Nasdaq (NASDAQ: NDAQ ). Nasdaq is a global leader in capital markets and financial technology. I consider Nasdaq an interestingInvesting in high-growth opportunities across industries, employing a value investing approach that prioritizes robust business models and strategic foresight. Focusing on companies with the potential to profoundly influence the global landscape in the years aheadI primari ...
Virios Therapeutics, Inc. and Wex Pharmaceuticals, Inc. Announce Business Combination to Form Dogwood Therapeutics, Inc. (Nasdaq: “DWTX”)
GlobeNewswire News Room· 2024-10-07 11:05
Strategic financing by an affiliate of CK Life Sciences Int’l., (Holdings) Inc., results in working capital of approximately $23 million to fund operations and advance Phase 2b Halneuron® development into 4Q25 Expanded pipeline includes a potential first-in-class non-opioid, NaV1.7 inhibition pain treatment, Halneuron®, currently in Phase 2b development for chemotherapy-induced neuropathic pain, with an expected interim readout 2H25Near-term catalyst with top-line results from the IMC-2 Long-COVID Phase 2a ...