Streetbeat News

ACAX

Alset Capital Acquisition Corp

Open

4.50

Mkt cap

18M

Volume

371K

High

4.79

P/E Ratio

38.20

52-wk high

15.04

Low

2.99

Div yield

N/A

52-wk low

2.96

Shares of Alset Capital Acquisition Corp. (ACAX) have been halted.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 3:33 pm

Alset Capital Acquisition Corp. (NASDAQ:ACAX) has provided an update on stockholder redemptions. As of July 28, 2023, public stockholders holding 1,934,749 shares out of a total of 1,976,036 shares of Class A common stock have submitted requests to redeem their shares for a pro rata portion of the trust account holding the proceeds from Alset's initial public offering. The redemption price was approximately $10.50. Alset will be accepting requests to withdraw previously submitted redemption requests until August 7, 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 3:31 pm

US stocks were mixed with Dow Jones trading slightly higher and NASDAQ and S&P 500 falling. Pfizer reported better-than-expected Q2 earnings, beating market estimates. ABVC BioPharma, TG Therapeutics, and Cybin saw their shares rise, while Polished.com, Alset Capital Acquisition, and Silicom saw their shares drop. Oil and gold traded down, while European shares were lower. Asian markets closed mixed.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 3:17 pm

The article lists the stocks that gained and lost the most in Monday's trading session. Some of the notable gainers include Yellow Corporation, which saw its shares jump 106% after ceasing operations, and Archer Aviation, which climbed 41.8% after entering into contracts with the US Air Force. On the other hand, Apellis Pharmaceuticals fell 18.8% after reporting its quarterly financial results, and Alset Capital Acquisition Corp. shares fell 27.9%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 7:30 pm

U.S. stocks were mixed with the Dow Jones and NASDAQ slightly up and the S&P 500 slightly down. Energy shares climbed by 2% while health care shares fell by 0.9%. Yellow Corporation shares shot up 91% after terminating its operations. GoodRx Holdings shares rose 38% after an upgrade from TD Cowen. Archer Aviation shares gained 43% after entering into contracts with the US Air Force. Unique Fabricating, Alset Capital Acquisition Corp., and Silicom Ltd. shares dropped after various events.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 6:54 pm

U.S. stocks traded slightly higher with the Nasdaq Composite gaining around 20 points. Energy shares climbed by 2.1% while health care shares fell by 1%. Yellow Corporation (YELL) shares shot up 88% after terminating its operations. GoodRx Holdings (GDRX) shares rose 36% after an upgrade from TD Cowen. Archer Aviation (ACHR) shares gained 34% after entering into contracts with the US Air Force. Unique Fabricating (UFAB), Alset Capital Acquisition Corp. (ACAX), and Silicom Ltd. (SILC) shares dropped.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:25 pm

U.S. stocks traded slightly higher with the Dow Jones gaining around 20 points. ON Semiconductor Corporation (NASDAQ:ON) reported upbeat Q2 results, beating market expectations. Yellow Corporation (NASDAQ:YELL) shares shot up 97% after reportedly terminating its operations. Shares of FOXO Technologies Inc. (NYSE:FOXO) and Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) also rose significantly. However, shares of Unique Fabricating, Inc. (NASDAQ:UFAB), Alset Capital Acquisition Corp. (NASDAQ:ACAX), and Silicom Ltd. (NASDAQ:SILC) fell.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 2:31 pm

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