Royce Premier Fund, managed by Royce Investment Partners (founded by Wall Street legend Chuck Royce), has revealed which holdings contributed and detracted the most from the portfolio’s third-quarter performance. The mutual fund invests in small caps with low debt and stable cash flows. Overall, the third quarter, according to co-lead…
Shares of low-cost carrier Spirit Airlines jumped about 12% in premarket trading today, Friday, October 25, following the company’s announcement of a planned sale of part of its fleet for approximately $519 million and forthcoming layoffs. Details Spirit stock gained 12% before the opening bell on Friday to $2.70 per…
ImmunityBio, a biotech company developing novel cancer treatments, has been valued at $30 per share in a coverage initiation report by EF Hutton, an investment bank. Recall that EF Hutton was known as one of the top banks for SPAC deals, including Donald Trump‘s Trump Media & Technology Group. The…
The journey of Achieve Life Sciences, a small pharmaceutical company, is a case study in persistence. Over its 33-year history, it has faced multiple clinical trial setbacks, launched just a single product (with limited commercial success), and shifted its focus and branding more than once. Today, Achieve is developing the…
Shares of the biopharmaceutical company Viking Therapeutics surged 21% on Thursday, October 24. The gains were attributable to released financial results for the third quarter, which showed that the company had sufficient financial resources to continue clinical trials for its promising weight-loss pill. If they are successful, Viking could eventually…
Today, Thursday, October 24, quotes on Magnite, an online advertising company, have advanced after it announced a two-year extension and expansion of its contract with Disney. In particular, the renewed agreement allows Disney to monetize college football games on live streams by leveraging Magnite’s technology. Details Magnite shares are up…
Shares of La Rosa Holdings, a real estate brokerage and services company, skyrocketed over 130% on Wednesday, October 23. This followed the company’s announcement of a 120% year-over-year spike in preliminary revenue for the first nine months of 2024 and guidance for a profitable 2025. Details La Rosa Holdings stock…
Shares of low-cost carrier Spirit Airlines jumped more than 18% in premarket trading today, Wednesday, October 23. Earlier in the day, the Wall Street Journal reported that the company had revived merger discussions with Frontier Airlines. This is not Spirit’s first attempt to strike a deal with a competitor —…
Shares of BioSig Technologies, a medical technology company focused on deciphering the body’s electrical signals, particularly heart rhythms, surged 34% in over-the-counter (OTC) trading on Tuesday, October 22. The rally followed the company’s announcement that starting today, Wednesday, October 23, its shares would resume trading on the main Nasdaq exchange,…
Quotes on iRhythm Technologies, which makes heart monitors, surged more than 20% in premarket trading today, Tuesday, October 22, following an announcement that the U.S. Food and Drug Administration (FDA) had approved design changes for its Zio AT monitor. Scrutiny from the regulator and the U.S. Department of Justice dating…
Shares of Playboy Group (officially PLBY Group) surged over 15% on Monday, October 21, after news broke that Cooper Hefner, the youngest son of Playboy founder Hugh Hefner, is offering $100 million for the brand, as reported by the Wall Street Journal. The current market capitalization of PLBY Group stands…
Goldman Sachs has downgraded to a “sell” Canada Goose, a Canadian luxury outerwear maker with a market capitalization of just over $1 billion. As reasons for the move the investment bank cited high competition, weak sales in the luxury market, and slowing revenue growth. The same day, Canada Goose stock…
Shares of low-cost carrier Spirit Airlines, with a market capitalization of $161 million, surged 40% in premarket trading today, Monday, October 21, after the company announced that it had been granted a two-month extension to finalize a debt refinancing deal with its bondholders. If it fails to do that, Spirit…
Morgan Stanley has put together a list of small-cap stocks that, on their numbers, have 50% upside or more, as reported by Business Insider. Meanwhile, the investment bank forecasts double-digit growth in the small-cap-tracking Russell 2000 index in the coming months. Small caps tend to outperform at the beginning of…
“In my entire life, I never dreamed that we would be talking about medicines that are providing hope for people like me who have struggled for years with being overweight or with obesity,” famous TV host Oprah Winfrey told People magazine two and a half years after Novo Nordisk’s weight-loss…
On Thursday, October 17, shares of XORTX Therapeutics, a maker of drugs to treat progressive kidney diseases, plunged over 16% in New York and more than 9% on the in Toronto following the announcement of a $1.5 million registered direct offering. On the Nasdaq, the company’s market capitalization now stands…
Wall Street offers plenty of small-cap investment ideas, but not all smaller firms are profit-making, and the chances of such investments paying off big or going to zero are about equal, notes market research site Simply Wall St. Georgiy Timoshin, a financial analyst at Freedom Finance Global, highlights two currently-unprofitable…
On Wednesday, October 16, the Russell 2000 and S&P SmallCap 600 indexes, which comprise small- and mid-cap stocks, hit their highest levels in nearly three years. While investors are snapping up small caps, some observers, like Michael Kantrowitz, the chief investment strategist at investment bank Piper Sandler, are yet to…
Shares of three nuclear energy companies soared on Wednesday, October 16, following Amazon’s announcement of investments to build new nuclear reactors. The retail and tech giant thus joined Microsoft and Alphabet in turning to nuclear to meet its growing power needs, driven by cloud services and AI. Details Shares of…
Shares of Lexaria Bioscience, a company that transforms the delivery of other companies’ drugs using its patented technology, fell more than 6% on Tuesday, October 15, after it announced a raise of around $5 million through a private placement. Details On Tuesday, Lexaria stock lost over 6% to close at…
Shares of Freedom Holding have gained about 600% since listing five years ago on the Nasdaq. In 2019, the company became the first broker from the CIS on this U.S. exchange. Indeed, the Nasdaq IPO gave the business a major boost, says CEO Timur Turlov. Details Freedom Holding stock has…
Shares of Sidus Space, a space services company, plummeted around 16% in trading on Tuesday, October 15, following the announcement of the company’s third stock offering this year. The latest is expected to nearly double the company’s outstanding shares. Details Sidus Space stock lost almost 16% on Tuesday, closing at…
Over the past 12 months, merger and acquisition activity has increased across various sectors, notes Jefferies U.S. small- and mid-cap strategist Steven DeSanctis. This bodes well for the small-cap segment, since most deals involve smaller companies and improve their efficiency and performance. Details The number of M&A deals has now…
On Monday, October 14, shares of Longboard Pharmaceuticals, which is developing medicines for neurological diseases, surged more than 50% after the company announced a deal to be acquired by its Danish peer Lundbeck. The transaction is valued at $2.6 billion, almost 14% above Longboard’s current market capitalization. Details On Monday,…
