Why JanOne Shares Are Trading Higher By 19%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
JanOne Inc. shares surged 19% in pre-market trading following the announcement of its plans to acquire ALT 5 Sigma Inc. Other stocks also showed significant movement in pre-market trading, with Tevogen Bio Holdings, Nauticus Robotics, GameStop Corp., and KOSS Corp among the gainers. Conversely, Barnes & Noble Education, Seritage Growth Properties, and Applied DNA Sciences were among the notable losers.
May 13, 2024 | 9:46 am
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NEGATIVE IMPACT
Barnes & Noble Education, Inc. shares dipped 33% to $0.1949 in pre-market trading after a 7% decline on Friday, following the announcement of a short-term shareholder rights plan and a new equity investment in April.
The sharp decline in Barnes & Noble Education, Inc.'s share price could be attributed to investor concerns over the implications of the short-term shareholder rights plan and the new equity investment, potentially diluting shareholder value.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JanOne Inc. shares rose sharply by 18.6% to $4.78 in pre-market trading following the announcement of its plans to acquire ALT 5 Sigma Inc.
The sharp increase in JanOne's share price reflects positive investor sentiment towards the acquisition of ALT 5 Sigma Inc., suggesting expectations of strategic benefits and growth opportunities from the deal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Tevogen Bio Holdings Inc. shares gained 74.7% to $1.72 in pre-market trading after announcing up to $50 million in financing to further advance operational objectives.
The significant pre-market gain for Tevogen Bio Holdings Inc. is likely due to investor optimism about the company's future growth prospects and operational advancements following the announcement of substantial financing.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90