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KAVL

Kaival Brands Innovations Group, Inc.

https://www.kaivalbrands.com

Industry

Tobacco

Kaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors. It sells its products to non-retail customers through website bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC.

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U.S. stocks traded mixed with the Nasdaq Composite moving lower. FactSet Research Systems posted better-than-expected earnings, leading to a 3% rise in its stock. American Rebel Holdings, Sharecare, and Sarepta Therapeutics saw significant gains due to various positive developments, while Kaival Brands Innovations, Crown Electrokinetics, and Smith & Wesson Brands experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:58 pm

Kaival Brands Innovations Group (NASDAQ:KAVL) shares dropped 47% after announcing a $6.0 million public offering. Other notable movers include American Rebel Holdings (NASDAQ:AREB) up 161% due to a new distribution agreement, and Sharecare (NASDAQ:SHCR) up 74% following an acquisition agreement.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:04 pm

U.S. stocks traded mixed with the Dow Jones and NASDAQ slightly up, while the S&P 500 fell. CarMax shares gained after Q1 earnings, despite a revenue miss. American Rebel Holdings, Sharecare, and Sarepta Therapeutics saw significant gains due to various positive developments. Kaival Brands, Crown Electrokinetics, and Smith & Wesson experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 4:26 pm

Kaival Brands shares are trading lower following the announcement of a $6 million offering.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 4:22 pm

U.S. stocks traded mixed with the Nasdaq Composite falling around 50 points. The S&P Global composite PMI hit a 26-month high at 54.6 in June. Notable stock movements include American Rebel Holdings, Sharecare, and Spectaire Holdings rising significantly, while Kaival Brands Innovations, Psyence Biomedical, and Reliance Global Group saw substantial declines.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 2:13 pm

Kaival Brands has priced a unit offering of 3,921,500 units at $15.3 per unit.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:15 pm

The article highlights the pre-market movements of 12 consumer discretionary stocks on Friday. Delta Apparel, Connexa Sports Techs, Red Robin Gourmet Burgers, Purple Innovation, ATRenew, and CarParts.com saw gains, while Kaival Brands Innovations, MGO Global, Petco Health and Wellness, Volcon, Lobo EV Technologies, and Zapp Electric Vehicles experienced declines.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:08 pm

Jabil Inc. (NYSE:JBL) shares fell 7.8% after reporting a 20.2% year-on-year decline in third-quarter revenue, despite beating analyst estimates. The company provided mixed guidance for the fourth quarter. Other stocks moving significantly include MGO Global, Inc. (NASDAQ:MGOL), Griid Infrastructure Inc. (NASDAQ:GRDI), and Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP), among others.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 5:26 pm

The article highlights significant intraday movements in consumer discretionary stocks on Thursday. Notable gainers include Allurion Technologies (ALUR), Zapp Electric Vehicles (ZAPP), and MGO Global (MGOL), while significant losers include Kaival Brands Innovations (KAVL), SRIVARU Holding (SVMH), and Visionary Holdings (GV).

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

Vuzix Corporation (NASDAQ:VUZI) shares surged 15% in pre-market trading following a strategic partnership with Avegant. Other notable pre-market movers include SMX (NASDAQ:SMX) up 109.8%, Selina Hospitality (NASDAQ:SLNA) up 46.9%, and Tempest Therapeutics (NASDAQ:TPST) up 44.5%. On the losing side, NLS Pharmaceutics (NASDAQ:NLSP) fell 22% and La Rosa Holdings (NASDAQ:LRHC) dropped 17.2%.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 12:22 pm

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