WiseRadar: April 24, 2023.
Getty Images Holdings, Inc. ($GETY)
Getty Images Holdings, Inc. (GETY) stock is surging higher due to its acquisition by the private equity firm Apollo Global Management. The deal is valued at $2.4 billion and is expected to close in the second half of 2021. The acquisition will help Getty Images expand its reach and create a larger presence in the stock photography industry.
U Power Limited Ordinary Shares ($UCAR)
U Power Limited Ordinary Shares (UCAR) is a consumer discretionary stock that saw a 4.14% increase in pre-market trading on Monday. The company is a leading manufacturer of advanced power solutions and electric vehicles. UCAR is expected to benefit from the increasing demand for green energy solutions and electric vehicles.
NaaS Technology Inc. ($NAAS)
NaaS Technology Inc. (NAAS) is a consumer discretionary stock that saw an intraday increase of 6.12% on Friday. The company specializes in providing cloud-based services, including digital transformation, customer experience, and data analytics. NaaS Technology Inc. is focused on providing innovative solutions to businesses and consumers alike.
Mullen Automotive, Inc. ($MULN)
Mullen Automotive, Inc. (MULN) saw its stock rise over 8% on Monday after the company announced that it had entered into a strategic partnership with a major automotive parts supplier. The partnership will help the company expand its presence in the automotive parts industry, which is expected to drive growth in the coming quarters. Investors are optimistic about the potential of the company’s stock.
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Seabridge Gold Inc. ($SA)
Seabridge Gold Inc. (SA) announced an agreement for an At-The-Market offering late Friday. The company will be issuing up to $25 million in common shares over the next 25 months. Proceeds from the offering will be used to fund exploration and development of its projects.
Alvarium Tiedemann Holdings, Inc. ($ALTI)
Alvarium Tiedemann Holdings, Inc. (ALTI) saw its stock price rise significantly on Tuesday, following the news that BP had purchased a 10% stake in the company. The investment from BP has been seen as a vote of confidence in ALTI’s business model and technology, and has resulted in increased investor interest in the company.
Bioceres Crop Solutions Corp. ($BIOX)
Bioceres Crop Solutions Corp. (BIOX) has received several positive ratings from analysts. The company has been praised for its strong financials, its focus on sustainability, and its innovative technology. It is seen as a strong long-term investment with potential for growth.
SoundHound AI, Inc. ($SOUN)
SoundHound AI, Inc. (SOUN) is a leading provider of voice-enabled AI and conversational intelligence technologies. The company’s products enable customers to interact with devices and services in a natural, intuitive way. The stock is up in pre-market trading as investors anticipate the potential of the company’s innovative technologies.
Littelfuse, Inc. ($LFUS)
Baird maintained a Neutral rating on Littelfuse, Inc. (LFUS) and lowered its price target to $260. Baird believes the company’s current valuation is fair and that its near-term growth outlook is limited. The firm is encouraged by the company’s strong balance sheet and dividend growth potential. Overall, Baird is positive on the stock’s long-term prospects.
Park National Corporation ($PRK)
Park National Corporation (PRK) reported its first quarter earnings, with EPS of $2.07, beating the estimate of $2.05. Revenue of $159.2 million was up from $156.2 million in the same quarter last year. Net income was up to $44.6 million from $41.7 million. The company also declared a quarterly dividend of $0.62 per share.