Dernières nouvelles pour AMTD Digital (NYSE:HKD) Stock

AMTD Digital Inc along with its subsidiaries, is mainly involved in the provision of digital solutions services. The company integrates various digital businesses using its AMTD SpiderNet ecosystem. Its reportable segments are; digital solutions services financial services; digital solutions services non-financial services, hotel operations, hospitality and VIP services, digital media, content and marketing services, and others. The company generates maximum revenue by providing financial digital solutions through its AMTD Risk Solutions, a digital insurance brokerage platform, and PolicyPal which is a digital insurance technology platform. Geographically, the company generates maximum revenue from Hong Kong and the rest from Canada and Singapore.

AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares)

AMTD Digital Inc

Citigroup analyst Anthony Pettinari downgrades Graphic Packaging Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>) from Buy to Neutral and lowers the price target from $33 to $30.

News

Downgrades

Price Target

Analyst Ratings

Citigroup Downgrades Graphic Packaging Holding to Neutral, Lowers Price Target to $30

HC Wainwright &amp; Co. analyst Robert Burns reiterates Immix Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMX#NASDAQ">IMMX</a>) with a Buy and maintains $7 price target.

Reiteration

IMMX

HC Wainwright & Co. Reiterates Buy on Immix Biopharma, Maintains $7 Price Target

GEE Group Inc. (NYSE:<a href="https://www.benzinga.com/stock/JOB#NYSE">JOB</a>) together with its subsidiaries (collectively referred to as the "Company," "GEE Group," "our" or "we"), a provider of professional staffing services and human resource solutions, today announced that, effective January 3, 2025, it has acquired Hornet Staffing , Inc. ("Hornet"), an Atlanta-based provider of staff augmentation services with national service capability. Hornet provides staffing solutions to many markets serving large scale, "blue chip" companies in the information technology ("IT"), professional and customer service staffing verticals. The acquisition is expected to be accretive to earnings and generate solid adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA, a non-GAAP financial measure). Under the terms of the sale and purchase agreement, GEE Group acquired 100% of the Hornet common stock for consideration including cash and seller financing. Other terms of the transaction were not disclosed. Larry Bruce, Managing Director and Founder, will continue in his current capacity at Hornet and join the GEE Group National Sales Team to work with and assist all of the Company's vertical leaders with new business development.
The Hornet acquisition enhances GEE Group' s ability to compete more effectively and will help the Company secure new business from Fortune 1000 and other large users of contingent and outsourced labor. Its workforce solutions include significant expertise in working with managed service providers ("MSP") and vendor management systems ("VMS"). According to Staffing Industry Analysts ("SIA") "Workforce Solutions Buyer Survey", approximately 58% among companies with one thousand employees or more engage a third-party firm to manage their staffing providers. These large businesses spend for contingent labor is typically managed by MSP and VMS providers which are evolving rapidly, driven by the increasing complexity of workforce management and to achieve economies of scale in today's business environment. In 2023 according to SIA, the global MSP/VMS market accounted for approximately $222 billion of temporary staffing spend under management.

GEE Group Acquires Hornet Staffing to Boost IT and Professional Staffing Services, Targets Fortune 1000 Clients

Smart Share Global Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) shares are trading higher premarket on Monday. The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including Trustar Capital and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g42808214/smart-share-global-limited-announces-receipt-of-a-preliminary-non-binding-proposal-to-acquire-the-" rel="noreferrer noopener">key executives, to take the company private</a>.
The offer is for $0.625 per ordinary share or $1.25 per ADS in cash, representing a 74.8% premium to the stock&#8217;s last closing price.
The proposed deal values the company significantly above its recent trading averages.
Smart Share Global&#8217;s Board has established a special committee comprising of three independent directors to evaluate the buyout proposal.
The committee will appoint independent financial and legal advisors to support its review.
The board cautions that no decisions have been made regarding the proposal.
As of&nbsp;June 30, 2024, the company had&nbsp;cash and cash equivalents, restricted cash, and short-term investments&nbsp;of&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40503393/smart-share-global-limited-announces-second-quarter-2024-results" rel="noreferrer noopener">RMB3.2 billion&nbsp;($440.9 million)</a>.&nbsp;
Price Action: EM shares are up 52.4% at $1.09 premarket at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com//node/42808848" target="_blank" rel="noreferrer noopener">S&amp;P 500 Snaps Five-Day Losing Streak, Nvidia Surges: Investor Fear Eases, Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>
Photo via Shutterstock.

Equities

Small Cap

Movers

Why Is Smart Share Global Stock Surging Premarket On Monday?

<a href="https://www.globenewswire.com/Tracker?data=PDrK8yjXM_XM3FMnQKoM6_I4myc1KpPj-yy-HGVi4ribzFzFGXrj3d6hpRHqW0d2AjmBwLg7_a4qp2vTSVpoIuTrYadOuYWHUT49kB2bJSo=">Hyperscale Data, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#NYSE">GPUS</a>), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its wholly owned subsidiary, Alliance Cloud Services, LLC ("Alliance Cloud") has signed a three year agreement, for space, power and connectivity within Alliance Cloud's Michigan Data Center to a Silicon Valley based cloud services provider. The implementation includes an initial seven (7) server cabinets with capability to add an additional five (5) server cabinets. The server cabinets will start out using approximately 40 kilowatts per cabinet with cabinet level cooling capable of handling twice that density. While only utilizing a small portion of the 100,000 sq.ft. data center and a small portion of the data center's 28 megawatts ("MW") of available power capacity, the infrastructure being implemented is illustrative of the high-density power and cooling solutions required to support today's sophisticated computing requirements.

GPUS

Alliance Cloud Signs Agreement to Boost High-Density Server Capacity in Michigan Facility

HC Wainwright &amp; Co. analyst Robert Burns reiterates ADC Therapeutics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>) with a Buy and maintains $8 price target.

ADCT

HC Wainwright & Co. Reiterates Buy on ADC Therapeutics, Maintains $8 Price Target

Airlines across&nbsp;the United States canceled more&nbsp;than 1,300 flights on Monday&nbsp;due to a severe winter storm. The storm brought snow, ice, and freezing temperatures, significantly disrupting travel plans.
What Happened: As of 5:13 a.m. ET, a&nbsp;total of 1,306 flights were&nbsp;canceled, and 414 flights faced delays, as per data from flight-tracking website FlightAware, Reuters reported on Monday.&nbsp;Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>)&nbsp;led the cancellations with 264 flights, followed by&nbsp;American Airlines&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) with 176 flights.
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/01/42782741/ahead-of-tesla-stellantis-reporting-final-sales-numbers-analysts-predict-new-car-sales-in-2024-expected-to-hit-five-year-high?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ahead Of Tesla, Stellantis Reporting Final Sales Numbers, Analysts Predict New-Car Sales In 2024 Expected To Hit Five-Year High</a>
Other major carriers, including&nbsp;United Airlines&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and&nbsp;Delta Air Lines&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), also issued travel advisories, cautioning passengers about potential disruptions caused by the storm. The&nbsp;Federal Aviation Administration&nbsp;had previously warned&nbsp;on Friday that gusty winds,&nbsp;snowfall, and freezing conditions could affect&nbsp;travel in the Northeast and&nbsp;Mid-Atlantic regions.
Why It Matters: Last year, over 1,600 flights were reportedly canceled due to a <a href="https://www.benzinga.com/markets/equities/24/01/36612721/winter-storm-adds-fuel-to-us-airlines-troubles-over-1600-flights-reportedly-axed-amid-power-outa">severe winter storm</a> that caused power outages and disruptions across 12 states. The storm&#8217;s forecast indicated a harsh freeze over the weekend, further exacerbating travel disruptions.
Price Action: As of Monday at 6:26 am ET, Southwest was down by 0.27%, while American Airlines was up by 4.54%. Delta Airlines had increased by 0.68% while United Airlines was up by 0.40%, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/25/01/42768870/whats-going-on-with-rigetti-computing-rgti-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Rigetti Computing (RGTI) Stock?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors
Image via Shutterstock

Travel

General

Delta, Southwest, American And Others Airlines Halt Over 1,300 Flights On Monday After Severe Winter Storm

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintains Eton Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETON#NASDAQ">ETON</a>) with a Buy and raises the price target from $15 to $17.

ETON

HC Wainwright & Co. Maintains Buy on Eton Pharmaceuticals, Raises Price Target to $17

Needham analyst Ami Fadia reiterates Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) with a Buy and maintains $133 price target.

AXSM

Needham Reiterates Buy on Axsome Therapeutics, Maintains $133 Price Target

U.S. stock futures advanced on Monday after ending their <a href="https://www.benzinga.com/government/regulations/25/01/42796485/goodbye-santa-rally-tesla-falters-on-deliveries-investors-flee-bonds-ahead-of-trumps-second-term-this-week-in-the-market">losing </a>streak on Friday. Futures of all four major indices rose in premarket trade.
This is yet another truncated week as the U.S. stock markets will remain closed for former President Jimmy Carter&#8217;s &#8220;National Day of Mourning&#8221; on Thursday, Jan. 9.
The 10-year and two-year Treasury notes yielded 4.61% and 4.27%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 90.9%, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.70%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.42%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.04%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.10%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.42% to $594.44 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.74% to $522.40, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Following a five-day <a href="https://www.benzinga.com/government/regulations/25/01/42796485/goodbye-santa-rally-tesla-falters-on-deliveries-investors-flee-bonds-ahead-of-trumps-second-term-this-week-in-the-market">decline</a>, the longest such streak since April, Wall Street experienced a strong rebound on Friday. Investor confidence returned, driving a surge in market activity. All major indices saw positive returns, with the Nasdaq 100 leading the gains. This broad-based market strength was evident across all S&amp;P 500 sectors.
Furthermore, the latest ISM Manufacturing PMI data surpassed forecasts, indicating a stronger-than-expected manufacturing sector in December. This marks the second month in a row of manufacturing expansion.
U.S. automakers experienced significant price actions following the release of fourth-quarter delivery numbers. The consumer discretionary sector outperformed the consumer staples. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.77%</td>
<td>19,621.68</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.26%</td>
<td>5,942.47</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.80%</td>
<td>42,732.13</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.72%</td>
<td>2,268.47</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
The chief market strategist at Carson Research, Ryan Detrick highlighted in an X post that the average annual returns have been higher 64.7% times in the years that saw the stocks decline on the first or the last day of the year.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 down the last trading day of the year and first day of the following year? Happened the past 3 years actually and &#39;23 and &#39;24 both did fine. I wouldn&#39;t ever invest in just this, but interesting given all the talk about recent weakness. <a href="https://t.co/OOnujvo8YR">pic.twitter.com/OOnujvo8YR</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1876045782622896341?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The economic week ahead is chockful of labor market indicators for November and December. Ed Yardeni of Yardeni Research said, &#8220;We&#8217;re expecting them to beat expectations. As long as corporate earnings continue to reach new record highs, companies are likely to hire more workers and increase real wages.&#8221;
&#8220;The Q4-2024 earnings reporting season is about to start, led by the big banks. We expect that during their conference calls, company managements will discuss how AI may be starting to boost their productivity. In effect, they&#8217;ll be trying to convince investors that every company is now a technology company either producing AI hardware and software or using them,&#8221; added Yardeni.
Talking further about earnings, Louis Navellier of Navellier and Associates said, &#8220;Stocks, thankfully, trade on earnings prospects, and those remain solid. The tech giants steering the market generate massive cash flows and are affected little by interest rate levels.&#8221;
&#8220;The AI potential is very real in terms of promising major productivity gains, though that may come from meaningful reductions in employment needed to get the same functions accomplished,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Several important data points will be released in this truncated week that will help investors determine the future course of action.
<ul>
<li>On Monday, S&amp;P&#8217;s final U.S. services PMI for December will be announced at 9:45 a.m., ET.</li>
<li>November's factory orders data will be released at 10:00 a.m., ET.</li>
<li>On Tuesday, Richmond Fed President Tom Barkin will be speaking at 8:00 a.m., ET.</li>
<li>U.S. trade deficit data for November will be released at 8:30 a.m., ET.</li>
<li>ISM services data for December and job openings data for November will be announced at 10:00 a.m., ET.</li>
<li>On Wednesday, December&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
<li>The minutes of the Fed&#8217;s December FOMC meeting will be released at 2:00 p.m., ET.</li>
<li>Consumer credit data for December will be announced at 3:00 p.m., ET.</li>
<li>On Thursday, initial jobless claims till Jan. 4 will be announced at 8:30 a.m., ET.</li>
<li>Wholesale inventories data for November will be released at 10:00 a.m., ET.</li>
<li>On Friday, the U.S. employment report, unemployment rate, and hourly wages data for December along with hourly wages year over year will be released at 8:30 a.m., ET.</li>
<li>The preliminary consumer sentiment data for January will be announced at 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was 1.87% up in premarket as Wall Street is expecting its CEO Jensen Huang to deliver a keynote address on Monday night at CES 2025. His comments will be important for the semiconductor and AI chip space.</li>
<li>Robotics stocks like Nauticus Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) were up 95.26%, Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) was up 30.81%, Microbot Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBOT#NASDAQ">MBOT</a>) was up 58.81% and Arbe Robotics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) was up 16.73% ahead of CES 2025.</li>
<li>Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) was up 7.98% following the Biden administration&#8217;s announcement of new rules allowing some nuclear power plants to qualify for tax credits when producing clean hydrogen.</li>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) was up 1.26% and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was up 1.42% after reporting strong 2024 sales. Both carmakers&#8217; sales grew by over 4% for the year, which marked their highest overall sales since 2019.</li>
<li>Cerence Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) was up 20.43% after it announced an extension to its partnership with technology giant Nvidia. It is expected to boost their family of CaLLM language models, including their cloud-based automotive language model.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were lower in the early New York session by 0.04% to hover around $73.93 per barrel.
The gold spot index was down by 0.37% to $2,644.81 per ounce. The Dollar Index was down 0.32% to 108.606 level.
Asian markets were mostly lower on Monday as Hong Kong&#8217;s Hang Seng, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex and China&#8217;s CSI 300 index declined. Whereas, in Australia&#8217;s ASX 200, South Korea&#8217;s Kospi index ended higher. European markets were mixed.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership">Apple Supplier Foxconn Posts Record Revenue, Rides High On AI Server Demand, And Nvidia Partnership</a></li>
</ul>
Photo courtesy: Wikimedia

Market Summary

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Trading Ideas

ARBE

CRNC

KITT

MBOT

NVDA

PLUG

US Stocks To Open Higher In Yet Another Truncated Week: Nvidia, Robotic Stocks In Focus Ahead Of CES 2025

Needham analyst Scott Berg reiterates Paycor HCM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) with a Buy and maintains $20 price target.

PYCR

Needham Reiterates Buy on Paycor HCM, Maintains $20 Price Target

Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) will release earnings for its <a href="https://www.benzinga.com/quote/PRGS/earnings">fourth quarter next week</a>.
Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.22 per share, up from $1.02 per share in the year-ago period. Progress Software projects to report quarterly revenue of $211.44 million, compared to $177.52 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 24, Progress Software reported better-than-expected third-quarter financial results and raised its FY24 guidance.
Progress Software shares gained 0.9% to close at $65.26 on Friday .
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PRGS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Oppenheimer analyst Ittai Kidron maintained an Outperform rating and raised the price target from $70 to $80 on Oct. 22, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Guggenheim analyst Raymond McDonough maintained a Buy rating and raised the price target from $64 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 73%.</li>
<li>DA Davidson analyst Lucky Schreiner maintained a Buy rating and raised the price target from $65 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $68 on Sept. 10, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and cut the price target from $60 to $55 on June 26, 2024. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying PRGS stock? Here&#8217;s what analysts think:
Read This Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42791037/delta-air-lines-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Delta Air Lines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>

PRGS

Progress Software Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Offerings

FEBO

Fenbo Holdings Limited Filed Form RW; Request For Withdrawal Of Registration Statement On Form F-1

On Friday, January 3, U.S. markets closed higher as investors anticipated Federal Reserve rate cuts and regulatory easing under the incoming Trump administration. Tech giants Tesla and Nvidia drove gains, though all major indexes recorded weekly declines. Robust economic data tempered expectations for further rate cuts, while optimism grew for the 2025 economic outlook.
According to economic data, the PMI of ISM manufacturing rose by 0.9 points in December, reaching 49.3 and surpassing market expectations of 48.4.
Every sector of the S&amp;P 500 ended in positive territory, with consumer discretionary, information technology, and real estate stocks leading the gains.
The Dow Jones Industrial Average was up 0.80% and closed at 42,392.27, the S&amp;P 500 closed higher by 1.26% at 5,942.50, and the Nasdaq Composite rose 1.77% to finish at 19,621.68.
Asia Markets Today
<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 closed lower by 1.65% at 39,237.50, led by losses in the Shipbuilding, Precision Instruments, and Communication sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.08%, ending the session at 8,257.40, led by gains in the A-REITs, IT, and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 closed lower by 1.56% at 23,629.60, and Nifty 500 fell 2.07%, closing at 22,237.45, led by losses in the Power, Public Sector Undertakings, and Metals sectors.</li>
<li>China&#8217;s Shanghai Composite fell 0.14% to close at 3,206.92, and the Shenzhen CSI 300 declined 0.16%, finishing the day at 3,768.97.</li>
<li>Hong Kong Hang Seng closed the session lower by 0.36% at 19,688.29.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 was up 0.68%.</li>
<li>Germany&#8217;s DAX gained 0.35%.</li>
<li>France&#8217;s CAC rose 0.51%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.09%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.07% at $74.02/bbl, and Brent was up 0.04% at $76.53/bbl.</li>
<li>Oil prices eased slightly on Monday due to a strong dollar but remained at their highest levels since mid-October. Colder weather and expectations of tighter sanctions on Iranian and Russian oil exports supported prices.</li>
<li>Natural Gas gained 7.99% to $3.624.</li>
<li>Gold was trading lower by 0.38% at $2,644.84, Silver was up 0.59% to $30.242, and Copper rose 0.06% to $4.0760.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures were up 0.05%, S&amp;P 500 futures gained 0.43%, and Nasdaq 100 futures rose 0.72%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. Dollar Index was down 0.24% to 108.70, USD/JPY rose 0.41% to 157.89, and USD/AUD slid 0.43% to 1.6023.</li>
<li>The dollar fell from a two-year high as traders reversed holiday gains ahead of key economic data and Federal Reserve updates.</li>
</ul>
Photo via Shutterstock

Asia

Emerging Markets

Eurozone

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Natural Gas Jumps 8%, Dollar Cools, Asia And Europe Markets Mixed - Global Markets Today While US Slept

Needham analyst Tom Nikic maintains Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Buy and raises the price target from $226 to $246.

DECK

Needham Maintains Buy on Deckers Outdoor, Raises Price Target to $246

Needham analyst Ryan MacDonald maintains Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) with a Buy and raises the price target from $28 to $31.

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Needham Maintains Buy on Hims & Hers Health, Raises Price Target to $31

Baird analyst David Rodgers upgrades Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) from Neutral to Outperform and lowers the price target from $124 to $123.

Upgrades

Baird Upgrades Prologis to Outperform, Lowers Price Target to $123

On Saturday, United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) disclosed plans to accelerate the rollout of Starlink in-flight <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n42804582/united-announces-accelerated-timeline-for-starlinks-industry-leading-connectivity-in-the-sky" rel="noreferrer noopener">connectivity for its global travelers</a>.
United plans to begin testing next month, with the first commercial flight using Starlink expected this spring on a United Embraer E-175.
The airline aims to equip its entire two-cabin regional fleet by year-end and have its first mainline aircraft outfitted with Starlink operational before the close of 2025.
The company plans to eventually equip its entire fleet with Starlink connectivity.
Notably, in September, United secured the largest deal with SpaceX to equip its entire fleet with Starlink.
Richard Nunn, CEO of United MileagePlus, said, &#8220;We have a lot planned for our MileagePlus members this year and adding Starlink to as many planes as we can – as quickly as we can – is at the center of it all.&#8221;
&#8220;It&#8217;s not only going to revolutionize the experience of flying United, but it&#8217;s also going to unlock tons of new partnerships and benefits for our members that otherwise wouldn&#8217;t be possible.&#8221;
Last month, United introduced Apple&#8217;s new Share Item Location feature for AirTag in its app, enhancing customer service for the less than 1% of travelers <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42458899/united-integrates-apples-new-share-item-location-feature-for-airtag" rel="noreferrer noopener">whose bags arrive on a later flight</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UAL stock has gained around 123%&nbsp;in the past year. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>).
Price Action: UAL shares price are up 0.50% at $96.15 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/travel/25/01/42791291/jetblue-fined-2-million-for-chronic-flight-delays-delta-united-rank-among-most-on-time-airlines" target="_blank" rel="noreferrer noopener">JetBlue Fined $2 Million For &#8216;Chronic Flight Delays&#8217;: Delta, United Rank Among Most On-Time Airlines</a></li>
</ul>
Image via Shutterstock.

Large Cap

Contracts

FTXR

JETS

United Airlines Plans First Starlink-Equipped Commercial Flight This Spring

Baird analyst David Tarantino upgrades Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) from Neutral to Outperform and raises the price target from $60 to $70.

BROS

Baird Upgrades Dutch Bros to Outperform, Raises Price Target to $70

Needham analyst Scott Berg initiates coverage on ServiceTitan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>) with a Buy rating and announces Price Target of $125.

Initiation

TTAN

Needham Initiates Coverage On ServiceTitan with Buy Rating, Announces Price Target of $125

Massimo Group: A Profitable Micro IPO That's A Lottery Ticket With Odds In Your Favor

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Friday is here and we&rsquo;re starting the final day of trading this week with a breakdown of the biggest pre-market stock movers this morning!



Moving stocks this morning are earnings reports, stakeholder updates, drug development news and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>PaxMedica (NASDAQ:<a href="https://investorplace.com/stock-quotes/pxmd-stock-quote/">PXMD</a>) stock is rocketing close to 82% after hitting a <a href="https://www.nasdaq.com/press-release/paxmedica-achieves-key-milestone-in-the-development-of-pax-101-and-provides-update-on">key milestone in drug development</a>.</li>



<li>Allarity Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/allr-stock-quote/">ALLR</a>) shares are soaring more than 61% alongside heavy pre-market trading.</li>



<li>Zapata Computing (NASDAQ:<a href="https://investorplace.com/stock-quotes/zpta-stock-quote/">ZPTA</a>) stock is surging over 36% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230226&amp;type=PDF&amp;symbol=ZPTA&amp;cdn=e948601bd73c48c35f25d9d7dd224e92&amp;companyName=Zapata+Computing+Holdings+Inc.&amp;formType=SC+13G%2FA&amp;formDescription=%5BAmend%5D+Statement+of+acquisition+of+beneficial+ownership+by+individuals&amp;dateFiled=2024-04-11">following a stakeholder update</a>.</li>



<li>NextPlat (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxpl-stock-quote/">NXPL</a>) shares are rising 32% alongside a <a href="https://www.nasdaq.com/press-release/nextplat-reports-consolidated-year-end-2023-results-with-increased-revenues-of-%2437.8">positive 2023 earnings report</a>.</li>



<li>AMTD Digital (NYSE:<a href="https://investorplace.com/stock-quotes/hkd-stock-quote/">HKD</a>) stock is increasing more than 25% with strong early morning trading.</li>



<li>Beneficient (NASDAQ:<a href="https://investorplace.com/stock-quotes/benf-stock-quote/">BENF</a>) shares are gaining over 25% on <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230412&amp;type=PDF&amp;symbol=BENF&amp;cdn=eb254668ceab70d3f25ad97304b464e9&amp;companyName=Beneficient&amp;formType=SC+13D%2FA&amp;formDescription=%5BAmend%5D+General+statement+of+acquisition+of+beneficial+ownership&amp;dateFiled=2024-04-11">a stakeholder update</a>.</li>



<li>NRX Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/nrxp-stock-quote/">NRXP</a>) stock is heading more than 18% higher <a href="https://www.nasdaq.com/press-release/nrxs-nasdaq%3a-nrxp-nmda-modification-therapy-and-its-multiple-applications-from-mental">on therapy news</a>.</li>



<li>Lyell Immunopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/lyel-stock-quote/">LYEL</a>) shares are jumping over 15% this morning.</li>



<li>Soligenix (NASDAQ:<a href="https://investorplace.com/stock-quotes/sngx-stock-quote/">SNGX</a>) stock is climbing more than 14% on <a href="https://www.nasdaq.com/press-release/fda-grants-soligenix-orphan-drug-designation-for-the-prevention-and-post-exposure">positive drug news</a>.</li>



<li>OncoCyte (NASDAQ:<a href="https://investorplace.com/stock-quotes/ocx-stock-quote/">OCX</a>) shares are up over 14% with its <a href="https://ng.investing.com/news/stock-market-news/oncocyte-reports-full-year-2023-financial-results-93CH-1298708">Q4 earnings report</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Motus GI (NASDAQ:<a href="https://investorplace.com/stock-quotes/mots-stock-quote/">MOTS</a>) stock is plummeting more than 35% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318230488&amp;type=PDF&amp;symbol=MOTS&amp;cdn=84b00af3974179838345280e52876622&amp;companyName=Motus+GI+Holdings+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-11">on a delisting warning</a>.</li>



<li>Spectaire (NASDAQ:<a href="https://investorplace.com/stock-quotes/spec-stock-quote/">SPEC</a>) shares are diving 17% despite a lack of news today.</li>



<li>Rent the Runway (NASDAQ:<a href="https://investorplace.com/stock-quotes/rent-stock-quote/">RENT</a>) stock is retreating over 15% <a href="https://investorplace.com/2024/04/why-is-rent-the-runway-rent-stock-up-30-today/">after rallying yesterday</a>.</li>



<li>Monogram Orthopaedics (NASDAQ:<a href="https://investorplace.com/stock-quotes/mgrm-stock-quote/">MGRM</a>) shares are tumbling more than 13% as it <a href="https://www.nasdaq.com/press-release/monogram-accepted-to-nvidia-inception-program-2024-04-11">also jumped higher yesterday</a>.</li>



<li>Rallybio (NASDAQ:<a href="https://investorplace.com/stock-quotes/rlyb-stock-quote/">RLYB</a>) stock is pulling back over 11% after a <a href="https://investorplace.com/2024/04/why-is-rallybio-rlyb-stock-up-93-today/">major rally on Thursday</a>.</li>



<li>Applied Digital (NASDAQ:<a href="https://investorplace.com/stock-quotes/apld-stock-quote/">APLD</a>) shares are falling more than 11% with its <a href="https://finance.yahoo.com/news/applied-digital-reports-fiscal-third-200500599.html">fiscal Q3 2024 earnings report</a>.</li>



<li>Kazia Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kzia-stock-quote/">KZIA</a>) stock is taking an over 10% beating without any clear news this morning.</li>



<li>MOGU (NYSE:<a href="https://investorplace.com/stock-quotes/mogu-stock-quote/">MOGU</a>) shares are decreasing more than 10% with no obvious news to report.</li>



<li>Marin Software (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrin-stock-quote/">MRIN</a>) stock is dropping over 10% <a href="https://investorplace.com/2024/04/why-is-marin-software-mrin-stock-up-62-today/">after rallying recently</a>.</li>



<li>GCT Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>) shares close out our pre-market stock movers down more than 10%.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-april-12th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

CERS, GL and ATHE are among pre market gainers

AMTD Digital, Inc. Sponsored ADR (HKD) has released an update. AMTD Digital Inc. reported a robust financial performance for the first half of the ...

AMTD Digital Boasts Strong Half-Year Results

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are worth diving into as we check out all of the hottest news affecting shares on Tuesday morning!



<a href="https://investorplace.com/stock-types/meme-stocks/">Meme stocks</a> continue to rally, companies release earnings reports, and more market news has shares moving today.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) stock is rocketing more than 59% as <a href="https://twitter.com/TheRoaringKitty">Roaring Kitty&rsquo;s return</a> continues to bolster the shares.</li>



<li>GameStop (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) shares are soaring over 54% alongside the return of Roaring Kitty.</li>



<li>MicroCloud Hologram (NASDAQ:<a href="https://investorplace.com/stock-quotes/holo-stock-quote/">HOLO</a>) stock is surging 41% with heavy pre-market trading.</li>



<li>Faraday Future (NASDAQ:<a href="https://investorplace.com/stock-quotes/ffie-stock-quote/">FFIE</a>) shares are gaining more than 34% with strong early morning trading today.</li>



<li>Warrantee (NASDAQ:<a href="https://investorplace.com/stock-quotes/wrnt-stock-quote/">WRNT</a>) stock is increasing over 27% without any clear news this morning.</li>



<li>BlackBerry (NYSE:<a href="https://investorplace.com/stock-quotes/bb-stock-quote/">BB</a>) shares are rising more than 24% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318312931&amp;type=PDF&amp;symbol=BB&amp;cdn=4b26c072318efaefdc3ba22b7b5e8deb&amp;companyName=BlackBerry+Limited&amp;formType=DEFA14A&amp;formDescription=Additional+proxy+soliciting+materials+-+definitive&amp;dateFiled=2024-05-13">shareholder meeting update</a>.</li>



<li>Rent the Runway (NASDAQ:<a href="https://investorplace.com/stock-quotes/rent-stock-quote/">RENT</a>) stock is climbing over 19% this morning.</li>



<li>SunPower (NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) shares are heading more than 19% higher <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318314743&amp;type=PDF&amp;symbol=SPWR&amp;cdn=ecf4fe81973e2491082785bf9c740edb&amp;companyName=SunPower+Corporation&amp;formType=NT+10-Q&amp;formDescription=Notification+of+inability+to+timely+file+Form+10-Q+or+10-QSB&amp;dateFiled=2024-05-13">despite a delayed filing</a>.</li>



<li>AMTD Digital (NYSE:<a href="https://investorplace.com/stock-quotes/hkd-stock-quote/">HKD</a>) stock is jumping over 18% on Tuesday morning.</li>



<li>Koss (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/">KOSS</a>) shares are up more than 16% <a href="https://investorplace.com/2024/05/blast-from-the-past-former-meme-koss-stock-soars-on-roaring-kitty-news/">alongside the meme stock rally</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Inotiv (NASDAQ:<a href="https://investorplace.com/stock-quotes/notv-stock-quote/">NOTV</a>) stock is plummeting over 34% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318314218&amp;type=PDF&amp;symbol=NOTV&amp;cdn=ebe87b345e7637122dc6a4d631ded890&amp;companyName=Inotiv+Inc.&amp;formType=NT+10-Q&amp;formDescription=Notification+of+inability+to+timely+file+Form+10-Q+or+10-QSB&amp;dateFiled=2024-05-13">alongside preliminary earnings</a>.</li>



<li>Augmedix (NASDAQ:<a href="https://investorplace.com/stock-quotes/augx-stock-quote/">AUGX</a>) shares are diving close to 33% after releasing its <a href="https://www.nasdaq.com/press-release/augmedix-delivers-40-revenue-growth-for-first-quarter-of-2024-2024-05-13">latest earnings report</a>.</li>



<li>Scorpius (NYSEMKT:<a href="https://investorplace.com/stock-quotes/scpx-stock-quote/">SCPX</a>) stock is tumbling more than 22% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318315844&amp;type=PDF&amp;symbol=SCPX&amp;cdn=2f4148150720f83231bf9f50680f426c&amp;companyName=Scorpius+Holdings+Inc.&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2024-05-13">with a public offering</a>.</li>



<li>Akoya Biosciences (NASDAQ:<a href="https://investorplace.com/stock-quotes/akya-stock-quote/">AKYA</a>) shares are taking an over 19% beating after <a href="https://www.marketwatch.com/story/shares-of-akoya-biosciences-drop-after-1q-earnings-revenue-outlook-miss-c9dded98?mod=newsviewer_click">missing Q1 estimates</a>.</li>



<li>Eastside Distilling (NASDAQ:<a href="https://investorplace.com/stock-quotes/east-stock-quote/">EAST</a>) stock is dropping more than 18% after <a href="https://www.nasdaq.com/press-release/eastside-distilling-reports-first-quarter-2024-financial-results-2024-05-13">posting its Q1 results</a>.</li>



<li>Nuzee (NASDAQ:<a href="https://investorplace.com/stock-quotes/nuze-stock-quote/">NUZE</a>) shares are sliding over 14% this morning.</li>



<li>Terran Orbital (NYSE:<a href="https://investorplace.com/stock-quotes/llap-stock-quote/">LLAP</a>) stock is falling more than 14% with its <a href="https://www.businesswire.com/news/home/20240514904938/en/Terran-Orbital-Reports-First-Quarter-2024-Financial-Results">Q1 earnings report</a>.</li>



<li>Hanryu (NASDAQ:<a href="https://investorplace.com/stock-quotes/hryu-stock-quote/">HRYU</a>) shares are slipping over 13% this morning.</li>



<li>Invo Bioscience (NASDAQ:<a href="https://investorplace.com/stock-quotes/invo-stock-quote/">INVO</a>) stock is dipping more than 12% today.</li>



<li>Intelligent Living (NASDAQ:<a href="https://investorplace.com/stock-quotes/ilag-stock-quote/">ILAG</a>) shares close out our pre-market stock movers down over 12% today.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-may-14th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday

BIG, NEGG and RENT are among premarket gainers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Shares of MicroAlgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlgo-stock-quote/">MLGO</a>) stock are surging higher by over 650% after the company announced that it would establish a micro-consciousness quantum research center in collaboration with WiMi (NASDAQ:<a href="https://investorplace.com/stock-quotes/wimi-stock-quote/">WIMI</a>), its <a href="http://ir.microalgor.com/Upload/2024-04-12/6618a007c924d.pdf">parent company</a>. The research center will combine several disciplines, including physics, polymer chemistry and philosophy, in order to advance the study of consciousness.



&ldquo;The micro-consciousness quantum research center builds a bridge between basic science and applied technology, closely connecting the theoretical research of basic science and the practice of applied technology,&rdquo; said MicroAlgo.



The center&rsquo;s research will focus on four aspects: the Quantum computing and consciousness model, brain-computer interface technology, big data artificial intelligence (AI) and quantum consciousness and quantum-driven generative consciousness.



MicroAlgo and WiMi&rsquo;s research center will also collaborate with Chinese universities and research institutions on shared research, laboratory building and training.



MicroAlgo did not provide any further details, such as the costs to build such a center and any potential revenue impact. As a result, the move in MLGO is highly unusual and likely to reverse, echoing previous unusual moves in Chinese companies like AMTD Digital (NYSE:<a href="https://investorplace.com/stock-quotes/hkd-stock-quote/">HKD</a>) and Magic Empire Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/megl-stock-quote/">MEGL</a>). It&rsquo;s also worth noting that MLGO&rsquo;s float of <a href="https://finance.yahoo.com/quote/MLGO/key-statistics/">1.87 million shares</a> is extremely small, making the stock susceptible to sudden, volatile movements.



MicroAlgo&rsquo;s <a href="http://www.microalgor.com/">website</a> is also bare-bones and does not provide much information about the company.



<h2>5 Investors Betting Big on MLGO Stock in Q1</h2>



Tracking <a href="https://whalewisdom.com/stock/vena">institutional ownership</a> is important, as these large investors provide liquidity and support for stocks. However, MicroAlgo&rsquo;s institutional ownership is almost nonexistent, likely due to its status as a penny stock, falling sales and a lack of profitability.



As of the first quarter, only four 13F filers disclosed a stake in MLGO stock, a decline of nine filers compared to the prior quarter. These filers own a total of 10,862 shares, down by 77.52% from 48,313 shares during Q4. In addition, zero hedge funds reported a stake in the company.



The message from the Q1 13F data is quite clear: no one really cares or knows about MicroAlgo. With that in mind, let&rsquo;s take a look at its top shareholders as of Q1:



<ol><li>WiMi: 3.69 million shares. WiMi Q1 13D filing showed that it added 800,000 shares.</li>



<li>Chairman Jie Zhao: 1.85 million shares, accurate as of Dec. 31. These shares are owned by WiMi, while Zhao owns 100% of its Class A ordinary shares.</li>



<li>UBS Group (NYSE:<a href="https://investorplace.com/stock-quotes/ubs-stock-quote/">UBS</a>): 9,444 shares. UBS added 9,298 shares during Q1.</li>



<li>Tower Research Capital: 967 shares. Tower Research added 821 shares during Q1.</li>



<li>Morgan Stanley (NYSE:<a href="https://investorplace.com/stock-quotes/ms-stock-quote/">MS</a>): 450 shares. Morgan Stanley sold 204 shares during Q1.</li>
</ol>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;Penny Stocks &mdash; <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>&nbsp;



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.&nbsp;
<div>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace&rsquo;s Today&rsquo;s Market team, which centers on the latest news involving popular stocks.</div><h3>More From InvestorPlace</h3>
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AMTD Digital, Inc. Sponsored ADR (HKD) has released an update. AMTD Digital Inc.'s recently audited financial statements, as assessed by an indepen...

AMTD Digital Inc. Audit Affirms Financial Integrity

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MLGO

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Press Releases

AMTD Digital Completed Its Auditor Rotation Process

AMTD Digital Successfully Filed Form 20-F for the Six-Month Transition Period Ended October 31, 2023

AMTD Announces the Launch of L'Officiel Japan

AMTD Presents Its New Movie "The Last Dance", Which Is Selected as the Official Opening Film of the Hong Kong Asian Film Festival 2024

AMTD Presents Its New Movie "The Last Dance", which is selected as the official opening film of the Hong Kong Asian Film Festival 2024

AMTD's "The Last Dance" Movie Moves to Earlier Release Date Due to Supreme Positive Reviews from Film Festivals and Industry

AMTD's "The Last Dance" Movie Moves Earlier the Release Date Due to Supreme Positive Reviews from Film Festivals and Industry

AMTD Proudly Presents Its Another New Movie "A Cover-up"

AMTD's Movie "The Last Dance" Hong Kong and Macau Box Office Exceeded HK$65M and Broke Multiple Records

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BENZINGA MONDIAL