Streetbeat News

CHEA

Chenghe Acquisition Co

Open

5.23

Mkt cap

62M

Volume

39K

High

5.59

P/E Ratio

28.95

52-wk high

12.15

Low

5.00

Div yield

N/A

52-wk low

4.70

Big Lots, Inc. shares plummeted by 31.3% after reporting disappointing preliminary Q4 results and a downgrade by Loop Capital. Other stocks showed significant movement, with notable gainers including Millennium Group International Holdings Limited, Beamr Imaging Ltd., and DIH Holdings US, Inc. Losers included AN2 Therapeutics, Inc., AirTouch Communications, Inc., and TOP Financial Group Limited.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 6:07 pm

Amtech Systems, Inc. (NASDAQ:ASYS) shares rose by 7.6% in pre-market trading after reporting Q1 results that exceeded expectations, with an adjusted loss of 4 cents per share against estimates of a 26 cents loss and sales of $24.92 million against expected $22.25 million. Other stocks also showed significant movement in pre-market trading, with notable gainers including Millennium Group International Holdings Limited (NASDAQ:MGIH) and DIH Holdings US, Inc. (NASDAQ:DHAI), and losers like Intelligent Bio Solutions Inc. (NASDAQ:INBS) and Better Choice Company Inc. (NYSE:BTTR).

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 10:39 am

Palantir Technologies Inc. shares surged 18% in pre-market trading after reporting Q4 sales above expectations and providing guidance. Other stocks also showed significant pre-market movements, with InVivo Therapeutics, Chenghe Acquisition, and Exicure among the top gainers, while Peraso Inc., Trio Petroleum, and Symbotic Inc. led the losers.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 1:16 pm

Caterpillar Inc. reported better-than-expected fourth-quarter earnings, with a revenue increase of 3% year-over-year to $17.07 billion and adjusted earnings of $5.23 per share. U.S. stocks traded lower, with the Dow Jones falling around 200 points. Information technology shares rose by 0.6%, while materials shares fell by 2.4%. Everbridge, Inc. surged 19% after announcing its acquisition by Thoma Bravo for $1.5 billion. 4D Molecular Therapeutics, Inc. saw a 74% increase after positive clinical trial data. NanoString Technologies, Inc., DMK Pharmaceuticals Corporation, and Pineapple Energy Inc. experienced significant drops due to various financial challenges.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 7:35 pm

Chenghe Acquisition Co. (NASDAQ:CHEA) shares surged after shareholders approved a merger with Taiwan Color Optics, Inc., leading to a name change to 'Semilux Ltd.' The stock experienced heavy trading volume, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

February 05, 2024 | 6:26 pm

Air Products and Chemicals, Inc. (APD) shares fell by around 15% after reporting Q1 financial results below expectations and lowering FY24 EPS guidance. Other stocks showed significant movements, with notable gainers including Yield10 Bioscience (YTEN) and 4D Molecular Therapeutics (FDMT), and losers like NanoString Technologies (NSTG) and DMK Pharmaceuticals (DMK) due to bankruptcy proceedings.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 5:56 pm

U.S. stocks traded lower with the Nasdaq Composite down over 100 points. Health care shares rose by 0.4%, while materials shares fell by 2.6%. ISM services PMI in the US rose to 53.4, beating estimates. Everbridge, Inc. (EVBG) surged 18% after being acquired by Thoma Bravo for $1.5 billion. 4D Molecular Therapeutics, Inc. (FDMT) jumped 73% on positive clinical trial data. Chenghe Acquisition Co. (CHEA) gained 63% after merger approval. NanoString Technologies, Inc. (NSTG), DMK Pharmaceuticals Corporation (DMK), and Pineapple Energy Inc. (PEGY) saw significant drops due to restructuring and financial distress.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 5:08 pm

U.S. stocks traded lower with the Dow Jones falling around 150 points. McDonald's Corporation reported weaker-than-expected sales for its fourth quarter, missing consensus estimates. Yield10 Bioscience, 4D Molecular Therapeutics, and Chenghe Acquisition saw significant stock price increases, while NanoString Technologies, DMK Pharmaceuticals, and Intelligent Bio Solutions experienced notable declines. Oil and gold prices also fell.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 3:01 pm

Chenghe Acquisition Co (CHEA) shares are trading higher following the approval of the merger agreement with Taiwan Color Optics by shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:34 pm

4D Molecular Therapeutics, Inc. (FDMT) shares rose by 20.1% in pre-market trading after presenting favorable interim data from a Phase 2 clinical trial. Other stocks also moved significantly in pre-market trading, with notable gainers including Chenghe Acquisition Co. (CHEA), Tritium DCFC Limited (DCFC), and YanGuFang International Group Co., Ltd. (YGF). Losers included Cano Health, Inc. (CANO), DMK Pharmaceuticals Corporation (DMK), and NanoString Technologies, Inc. (NSTG), all experiencing significant drops due to various challenges such as bankruptcy proceedings and delisting notices.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 1:04 pm

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