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Top Gainers in a Dynamic Trading Day
Financial Modeling Prep· 2025-10-23 22:00
Core Insights - Several companies have shown significant stock price increases, driven by strategic initiatives and market developments [1] Company Summaries - SMX (Security Matters) Public Limited Company experienced a 779.91% increase in stock price, reaching $7.62, due to the expansion of its "Proof as Currency" platform and a trading volume of 310,803 [2] - Abrdn Australia Equity Fund Inc saw a 194.31% rise in stock price to $13.45, following the announcement of a 1-for-3 reverse stock split set for October 23, 2025, with a trading volume of 13,154 [3] - Scienture Holdings, Inc. (SCNX) reported a 130.97% increase in stock price to $1.32, attributed to the commencement of commercial sales for Arbli™ (losartan potassium) Oral Suspension, with the U.S. losartan market valued at $256 million annually and a trading volume of 579,369,821 [4] - Ventyx Biosciences, Inc. achieved a 90.28% increase in stock price to $7.34, driven by positive topline results from its Phase 2 study of VTX3232, with a trading volume of 103,871,432 [5] Market Activity - The trading day reflected significant investor interest and market activity surrounding these companies, highlighting diverse opportunities in biotechnology, asset management, and healthcare information services [6]
SMX (NASDAQ:SMX) Executes Reverse Stock Split to Fuel Growth
Financial Modeling Prep· 2025-10-23 21:07
Core Insights - SMX executed a reverse stock split at a 10 for 1 ratio, consolidating its share structure to approximately one million shares outstanding, as part of a broader strategy to enhance its market position [1][3][6] - The reverse stock split is a proactive measure aimed at preparing for accelerated growth, creating a leaner and more efficient structure similar to that of a startup [2][6] - The move is intended to expand SMX's "Proof as Currency" platform and improve its capital structure and market perception [3][4] Stock Performance - Following the reverse stock split, SMX's stock price increased significantly by 762.01%, with a change of $6.60, currently priced at $7.47 [5][6] - The stock has fluctuated between a low of $6.82 and a high of $8.65 on the day of the split, with a market capitalization of approximately $9.48 million [5][6] - Over the past year, SMX's stock reached a high of $19,970.30 and a low of $6.82 [5]