hanibaram SAG Holdings (NASDAQ:SAG), an Asian distributor of spare auto and industrial parts, has proposed terms for a $15M US initial public offering. The Singapore-based company said in a filing that it was looking to offer 3.75M shares priced at $4 per share. Selling shareholders would be offering up to 625K additional shares. SAG wouldn’t...
A Lululemon store in New York, US, on Tuesday, March 28, 2023. Stephanie Keith | Bloomberg | Getty Images Check out the companies making headlines before the bell. Lululemon – Lululemon shares surged more than 16% before the Wednesday open after posting a strong holiday quarter and sharing upbeat guidance for the current fiscal year....
porcorex/iStock via Getty Images Newly public CBL International (NASDAQ:BANL) shares continued their post-IPO rally Wednesday, jumping nearly 30% in morning trading. Shares of CBL, which went public last Thursday, opened at $7.35, leaping to a high of $10 in mid-morning before dipping. The stock recently changed hands at $8.62, up $27% from Tuesday’s close, at...
In this episode of StockCharts TV’s Sector Spotlight, for this last Tuesday of the month, I take a look at seasonality as the S&P 500 enters the (historically speaking) strongest month of the year. Two sectors are showing meaningful odds for out-performance in April, and one of them nicely aligns with the current sector rotation as...
To begin, cannabis stocks refer to companies that are involved in the cultivation, production, and distribution of cannabis and its derivatives. As cannabis has become increasingly legalized for both medicinal and recreational use in several countries, the industry has experienced rapid growth and garnered significant investor interest. However, the cannabis industry is still heavily regulated...
I typically don’t pay too much attention to investing theses based on personal experience, even my own, because, as I have said many times, the plural of anecdote is not data. That said, sometimes a company’s story can be illustrated by one’s own experiences with them, and that is the case with me and lululemon...
ismagilov/iStock via Getty Images Chinese oat products maker YanGuFang (NASDAQ:YGF) raised $8M through a downsized US initial public offering on Tuesday. YanGuFang priced 2M shares at $4 per share. Underwriters were granted an option to buy up to 300K additional shares at the public price to cover over-allotments. EF Hutton is serving as sole bookrunner....
© Reuters. Carnival Corp (CCL) lifted at Susquehanna as volume and pricing tracks ‘solidly’ above 2019 By Sam Boughedda Susquehanna raised Carnival Corp. (NYSE:) to Positive from Neutral, raising its price target on the cruise line stock to $11 from $8 per share in a note to clients on Wednesday. Susquehanna analysts told investors that...
Volatility has been on full display for the last couple of weeks. Concerns about the global banking system, interest rates and mixed economic data are keeping investors on the edge of their seats. Daily fluctuations in the closely watched CBOE Market Volatility Index (VIX) have been unusually wide since the SVB Financial collapse. Earlier this...
jxfzsy Lifestyle branding firm MGO Global (NASDAQ:MGOL) saw its stock rally 30% Tuesday amid news that its senior management would ring the opening bell for Nasdaq next week. Shares of MGO, which held an initial public offering in January, opened at $1.04. The stock recently changed hands at $1.34 at approximately 11:15 a.m. ET. Earlier...