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DUNE

Dune Acquisition Corporation

dune acquisition corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. the company was founded by carter glatt, who led dune’s upsized $172.5mm ipo in december 2020. the company is listed on the nasdaq under the symbol “duneu”.

Open

4.10

Mkt cap

22M

Volume

42K

High

4.47

P/E Ratio

-18.41

52-wk high

10.66

Low

3.97

Div yield

N/A

52-wk low

3.80

CarMax, Inc. (NYSE:KMX) shares rose by approximately 8% following its quarterly earnings report, which showed an EPS of $0.52, surpassing the consensus estimate of $0.44, despite a 5.5% year-on-year sales decline. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting investments, acquisitions, and regulatory updates that influenced their stock prices.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 6:01 pm

BlackBerry Limited (NYSE:BB) shares dropped over 5% in pre-market trading despite reporting Q3 earnings of 1 cent per share, beating the expected loss of 3 cents per share. The company anticipates Q4 revenue between $150 million to $159 million. Other stocks experienced significant movements in pre-market trading, with Infrared Cameras Holdings Inc. (NASDAQ:MSAI) and Mobile Global Esports Inc. (NASDAQ:MGAM) among the top gainers, while Polished.com Inc. (NYSE:POL) and Nogin, Inc. (NASDAQ:NOGN) were among the biggest losers.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 12:46 pm

SentinelOne, Inc. (NYSE:S) shares surged over 18% in pre-market trading following the release of their Q3 results, which exceeded analyst expectations. The company reported $164.2 million in revenue, surpassing the $156.09 million estimate, and an adjusted loss of 3 cents per share, better than the expected 8 cents per share loss. SentinelOne also increased its full-year 2024 revenue forecast from $605 million to $616 million.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 1:32 pm

U Power Limited (NASDAQ:UCAR) shares plummeted by 54% after announcing a follow-on offering of 10 million units at $1.20 each. EyePoint Pharmaceuticals (NASDAQ:EYPT), Hawaiian Holdings (NASDAQ:HA), and Alterity Therapeutics (NASDAQ:ATHE) saw significant gains following positive trial results, acquisition news, and conference presentations, respectively. SilverSun Technologies (NASDAQ:SSNT) surged after a $1 billion investment announcement. Other notable movers included Bit Brother (NASDAQ:BETS), Lucy Scientific Discovery (NASDAQ:LSDI), and View, Inc. (NASDAQ:VIEW). On the downside, NexImmune (NASDAQ:NEXI), Meta Materials (NASDAQ:MMAT), and Clean Earth Acquisitions Corp. (NASDAQ:CLIN) experienced substantial losses. Alaska Air Group (NYSE:ALK) announced plans to acquire Hawaiian Holdings, causing its own shares to drop by 15.1%.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 6:10 pm

The Nasdaq Composite fell over 100 points on Monday, with the Dow and S&P 500 also trading lower. Consumer staples shares rose, while information technology shares saw a decline. Alaska Air Group Inc (ALK) announced an acquisition of Hawaiian Holdings Inc (HA) for approximately $1.9 billion, including HA's net debt. EyePoint Pharmaceuticals (EYPT), Hawaiian Holdings (HA), and Alterity Therapeutics (ATHE) saw their shares rise significantly. U Power (UCAR), Dune Acquisition Corporation (DUNE), and NexImmune (NEXI) experienced notable declines in their share prices. Oil and gold traded down, while European and Asian markets showed mixed results.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 2:58 pm

Global Hydrogen Energy has been selected by the Port of Brownsville as a private development partner in a $15M federal funding application. This follows Global Hydrogen's announcement on May 15, 2023, of a definitive agreement for a business combination with Dune Acquisition Corporation (NASDAQ:DUNEU, DUNE, DUNEW).

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:20 pm

Dune Acquisition Corporation has announced it will restate its previously issued audited financial statements due to a clerical error in the reported net income. The company expects no impact on its cash position, revenues, or liquidity.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 1:20 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.