Fabrinet sees record high
Fabrinet (NYSE:FN) stock is at a record high, rising over 27% to around US$149, after the manufacturer revealed impressive fourth quarter and full year fiscal 2023 financial results, boosted by growth in its AI datacenter equipment.
Sidus Space investors cheer AI acquisition
Sidus Space Inc (NASDAQ:SIDU) said it has acquired Exo-Space, a firm specializing in Edge artificial intelligence (AI) software and hardware for space applications. It sent the stock soaring some 30% higher at one point, to a high of 25 cents, in opening deals, before settling at around 17 cents by midday.
Fulcrum stock soars on FDA greenlight
Fulcrum Therapeutics (NASDAQ:FULC) stock was up 50%, at US$5.90, after the FDA cleared the firm to resume clinical work for its sickle cell disease treatment.
Republic First Bank price collapses ahead of Nasdaq exit
Shares of Republic First Bancorp (NASDAQ:FRBK) were down just over 40%, at 42 cents, ahead of its delisting from Nasdaq tomorrow. In a statement, the Philadelphia-based regional bank revealed it had to exit the exchange after its failure to file its annual report before Nasdaq’s deadline.
The bank expects its common stock will quickly begin trading on the OTC market so that investors can continue to access accurate information, including stock price quotes, and execute trades.
Early movers:
Dick's Sporting Goods (NYSE:DKS) stock was slapped 19% lower, trading at US$119.25, in Tuesday morning’s deals after quarterly results missed Wall Street expectations and its downgraded its outlook with a profit warning. Read more
Baidu.com (NASDAQ:BIDU) stock was up over 4% in New York’s early dealing as ‘China’s Google’ reported strong quarterly results, blowing past fears that China’s economic sluggishness had dented its financials. Read more
Coty Inc (NYSE:COTY) stock extended Monday's losses, down 1.6% in premarket deals, as it reported fourth-quarter revenue that edged ahead of Wall Street forecasts, but, earnings that missed analyst expectations. Read more
Zoom Video Communications Inc (NASDAQ:ZM) is set to start Tuesday’s session on the front foot after last night’s second-quarter results topped Street expectations. Read more