Pre-market Movers: EAR, OPRX, INBS, CS, AGBA…
The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 06.50 A.M. ET).
In the Green
Eargo, Inc. (EAR) is up over 32% at $6.17.
AGBA Group Holding Limited (AGBA) is up over 16% at $2.19.
Smartsheet Inc. (SMAR) is up over 11% at $42.81.
Ambipar Emergency Response (AMBI) is up over 10% at $13.52.
Biomea Fusion, Inc. (BMEA) is up over 9% at $17.09.
Chicken Soup for the Soul Entertainment, Inc. (CSSE) is up over 8% at $3.27.
In the Red
OptimizeRx Corporation (OPRX) is down over 25% at $10.00.
Intelligent Bio Solutions Inc. (INBS) is down over 21% at $2.15.
Credit Suisse Group AG (CS) is down over 18% at $2.04.
BIT Mining Limited (BTCM) is down over 13% at $2.10.
Merrimack Pharmaceuticals, Inc. (MACK) is down over 10% at $10.50.
AnPac Bio-Medical Science Co., Ltd. (ANPC) is down over 10% at $6.91.
Freshpet, Inc. (FRPT) is down over 9% at $50.43.
Prudential plc (PUK) is down over 8% at $26.31.
Tremor International Ltd (TRMR) is down over 8% at $5.69.
Vicarious Surgical Inc. (RBOT) is down over 8% at $2.25.
SOS Limited (SOS) is down over 7% at $3.81.
Yext, Inc. (YEXT) is down over 6% at $9.02.
Ormat Technologies, Inc. (ORA) is down over 5% at $84.54.
Chindata Group Q4 Net Income Rises
Chindata Group Holdings Limited (CD) reported that its fourth-quarter net income increased by 1.6% to RMB 116.5 million from RMB 114.7 million, a year ago. Earnings per share was RMB 0.16, flat with last year. Adjusted net income increased by 65.2% to RMB 236.2 million. Adjusted EBITDA increased by 78.4% to RMB 720.9 million.
Total revenues increased by 77.8% to RMB 1.39 billion, primarily driven by the robust growth of the colocation services.
For the full year of 2023, the company expects: revenues in a range of RMB 5.88 billion – RMB 6.08 billion. Adjusted EBITDA is projected in a range of RMB 3.00 billion – RMB 3.11 billion.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Crescita Therapeutics Q4 Profit Rises, But Revenues Decline
Crescita Therapeutics Inc. (CTX.TO) reported Wednesday that net income for the fourth quarter grew to C$1.18 million or C$0.04 per share from C$0.94 million or C$0.04 per share in the prior-year quarter.
Revenues for the quarter declined to C$6.03 million from C$7.56 million in the same quarter last year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
State Dept. Spokesperson Ned Price To Step Down
After more than two years’ service, State Department spokesperson Ned Price will step down this month. The news was announced by Secretary of State Antony Blinken.
A former intelligence officer, Price assumed office as the Spokesperson for the State Department on January 20, 2021.
Within days of taking on the role, he restored the Department’s daily press briefings, giving journalists the chance to regularly ask tough questions of the Biden administration’s policy. He has held more than 200 press briefings since then.
In February 2022, just days before Russia invaded Ukraine, Price told reporters that Russia was planning to stage an attack as a pretext for war.
Price will continue to serve at the State Department, working directly for the Secretary.
Blinken said Price performed with extraordinary professionalism and integrity.
For people in America and around the world, Ned Price has often been a face and voice of U.S. foreign policy, according to him.
“Ned has helped the U.S. government defend and promote press freedom around the globe and modeled the transparency and openness we advocate for in other countries. His contributions will benefit the Department long after his service,” Blinken said in a statement.
BIT Mining To Sell Remaining Shares In Crypto Flow HK$18.31 Mln
Cryptocurrency mining company BIT Mining Ltd (BTCM) announced Wednesday that the Company entered into a share sale and purchase agreement with an unaffiliated third party, pursuant to which the Company agreed to sell, and the Buyer agreed to purchase, all of the Company’s remaining share ownership in Crypto Flow Technology Ltd., previously known as Loto Interactive Ltd.
The remaining share in Crypto Flow represents of 48.20 million shares or about 8.79% of the total issued share capital of Crypto Flow, at the price of HK$0.38 per share for the total consideration of HK$18.31 million.
The transaction and its terms are subject to satisfaction of the conditions set out in the Sale and Purchase Agreement, including by relevant regulatory authorities. Upon completion of the transaction, the Company will not own any shares in Crypto Flow.
Pursuant to the transaction previously announced on July 12, 2022, and completed on July 26, 2022, the Company sold approximately 51% of the total issued share capital of Crypto Flow, reducing the Company’s share ownership in Crypto Flow to 8.79%.
PHOTOS: Denver chef brings insects to menu
Denver chef and owner of Mexican food trendsetter La Diabla Jose Avila is bringing traditional insect-based meals to the city. For $50 patrons can sample a variety of offerings at the nondescript restaurant where Avila has wowed palettes with his famous posole negra and wide variety of tacos. Avila, who hails from Mexico, said that though the menu item may make some squeamish that these delicacies are eaten regularly throughout the central region of his native country.
PHOTOS: Denver Mayoral Debate
Denver mayoral candidates squared off in their second of three debates in front of a capacity crowd at McAuliffe International School on Tuesday, March 14, 2023. Read more: Denver Mayoral Candidates Clash