Why iMedia Brands Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that have gained and lost in Friday's mid-day session. Notable gainers include Prestige Wealth Inc., Gorilla Technology Group Inc., and Bluejay Diagnostics, Inc. among others. On the other hand, EdtechX Holdings Acquisition Corp. II, FOXO Technologies Inc., and Alpine Summit Energy Partners, Inc. are among the notable losers. The article also mentions that iMedia Brands, Inc. received a delisting notice from Nasdaq following its Chapter 11 filing.
July 07, 2023 | 4:55 pm
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NEGATIVE IMPACT
iMedia Brands, Inc. shares fell 11.3% to $0.1198 after the company announced it received a delisting notice from Nasdaq following its Chapter 11 filing.
The company's shares have dropped following the announcement of its delisting notice from Nasdaq and its Chapter 11 filing, indicating negative investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Gorilla Technology Group Inc. shares jumped 68.9% to $3.52 after the company signed a $270 million contract with the Government of Egypt to implement a Smart Government Security Convergence solution.
The company's shares have jumped following the announcement of a significant contract, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Prestige Wealth Inc. shares jumped 65.6% to $8.28 after pricing of $5 million initial public offering of 1 million shares of common stock at a price of $5 per share.
The company's shares have surged following the pricing of its IPO, indicating strong investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100