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SGE

Strong Global Entertainment, Inc.

Industry

Computer Hardware

Strong Global Entertainment, Inc. manufactures and distributes projection screens and customized screen support systems in North America, South America, Asia, and internationally. It distributes digital cinema equipment and provides technical support services to the entertainment industry. The company also offers eclipse curvilinear screens for use in theme parks and immersive exhibitions, and military simulation applications; and projectors, servers, audio systems, and other third-party products, including lenses and lamps. In addition, it provides technical support services, such as digital projection equipment installation and after-sale maintenance, and network support services to the cinema operators; and managed services, as well as engages in the content creation and production of feature films and series. The company was incorporated in 2021 and is headquartered in Charlotte, North Carolina. Strong Global Entertainment, Inc. operates as a subsidiary of Strong/MDI Screen Systems, Inc.

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In Tuesday's intraday session, several information technology stocks experienced significant movements. MMTEC, ReAlpha Tech Corp, Alpha Technology Group, Thoughtworks Holding, and Zeta Global Holdings saw notable gains, with increases attributed to factors such as Q1 earnings reports. Conversely, Strong Global, Transact Technologies, Tungray Technologies, Palantir Technologies, Cipher Mining, and Rubicon Technologies faced declines, with some linked to their Q1 earnings outcomes.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

Zeta Global Holdings Corp. (NASDAQ:ZETA) shares surged 15% in pre-market trading after reporting better-than-expected Q1 results and raising Q2 revenue guidance. Other stocks also moved significantly in pre-market trading due to various reasons including earnings reports, acquisitions, and public offerings.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 12:11 pm

Fundamental Global Inc. (FGF) and its subsidiary, Strong Global Entertainment, Inc. (SGE), announced the proposed acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. (FGAA) for a $30M valuation. The acquisition, part of Fundamental Global's strategic objectives, aims to provide MDI with greater access to Canadian financial markets and unlock value for Strong Global and Fundamental Global. The purchase will be paid with cash, preferred shares, and common shares of FGAC, which will be renamed Saltire Holdings, Ltd. upon closing.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:51 pm

U.S. stocks saw gains with the Dow Jones rising by 0.35% and NASDAQ by 0.95%. Energy shares led the gains, while consumer staples fell. Spirit Airlines' shares dropped after missing Q1 revenue and EPS estimates. Perficient surged 53% post-acquisition news and earnings report. Strong Global Entertainment jumped 120% on acquisition news by FG Acquisition Corp. XBP Europe Holdings gained 55% after winning a $40 million contract. Lyra Therapeutics, GlycoMimetics, and EyePoint Pharmaceuticals saw significant drops due to disappointing trial results.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 7:04 pm

Strong Global Entertainment, Inc. (AMEX:SGE) shares surged after announcing the acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. Post-acquisition, the company will be renamed Saltire Holdings, Ltd., aiming to grow a portfolio of profitable private equity investments. The move is seen as an opportunity for Strong Global to unlock the value of its investment in MDI and participate in Saltire's future growth. SGE's trading volume significantly exceeded its 100-day average following the news.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 6:30 pm

In Monday's intraday session, several information technology stocks experienced significant movements. Notably, Strong Global (SGE) saw a 100.8% increase, while Perficient (PRFT) rose by 52.8% following their Q1 earnings release. Other gainers included DatChat (DATS), Upland Software (UPLD), Marathon Digital Holdings (MARA), and My Size (MYSZ). On the downside, Meta Materials (MMAT) and ReAlpha Tech Corp (AIRE) led the losers, with declines of 20.4% and 10.55%, respectively. Other stocks that fell include Luna Innovations (LUNA), MicroCloud Hologram (HOLO), Saverone 2014 (SVRE), and UTStarcom Holdings (UTSI).

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:31 pm

Nasdaq rose by 100 points as U.S. stocks traded higher, with Tyson Foods reporting weaker-than-expected Q2 sales. NUVO, SGE, and XBP shares surged on positive news, while LYRA, GLYC, and EYPT shares plummeted due to disappointing trial results.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 3:14 pm

Trading of Strong Global Entertainment (SGE) shares has resumed after a temporary halt. This development could indicate significant news or events related to the company that prompted the halt and subsequent resumption.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:07 pm

Shares of Strong Global Entertainment (SGE) were halted due to a circuit breaker after surging 94.7%. This significant increase in stock price indicates a highly positive market reaction to recent developments or news related to the company.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:52 pm

In Monday's pre-market session, several information technology stocks showed significant movement. Perficient (PRFT) led the gainers with a 52.9% increase following their Q1 earnings release, while Meta Materials (MMAT) experienced the largest drop among the losers, declining by 25.4%. Other notable movers included Strong Global (SGE), Mawson Infra Gr (MIGI), and Ambarella (AMBA) with substantial gains, and WiSA Technologies (WISA), Unusual Machines (UMAC), and Upland Software (UPLD) among the losers.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 12:06 pm

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