Articles by Daniel Marsh
Nano-X Imaging Plunges 45% After Withdrawing Revenue Forecast and Warning of Cash Shortfall
Nano-X Imaging shares plummeted 45% after withdrawing its 2026 revenue target and warning current cash is insufficient to fund operations for at least one year.
Grab Stock Nears 52-Week Low as Indonesia Caps Motorcycle Ride-Hailing Fees
Grab Holdings (GRAB) closed at $3.46, near its 52-week low, after Indonesia cut motorcycle ride-hailing commissions to 8% from 20%, pressuring margins.
IQST Surges on ULTRANET Deal, Buyback and Preferred Shares Raise Concerns
iQSTEL (IQST) shares jumped 40% on massive volume after a binding deal to acquire 51% of ULTRANET, which could add $130 million in annual revenue. A buyback and preferred-stock conversions cloud the share count.
SELLAS Life Sciences Soars on Executive Severance Update
SELLAS Life Sciences (SLS) surged 12.6% to $10.33 on heavy volume after an 8-K filing revealed changes to executive severance terms. The stock's implied equity value reached $2.03 billion.
Freshworks Sees Heavy Trading Amid Index Changes, Cash Strength
Freshworks stock saw massive trading volume ahead of Russell index changes, with cash holdings making up about 30% of its market value. Analysts maintain a median price target of $11.
Snap Shares Dip 3%, Market Cap Hits $7.4B as AR Hardware Costs Weigh on Valuation
Snap shares slipped 3% to $4.395, reducing market cap to $7.4 billion. The stock now trades at roughly $7.76 per monthly active user, as investor scrutiny intensifies over the $3.5 billion spent on Specs hardware.
Rocket Companies Slides as Housing Bill Rally Fizzles on Rate Concerns
Rocket Companies (RKT) shares slipped 0.8% after a housing bill rally faded. Mortgage rates remain near 6.5%, weighing on refinance and purchase demand.
Onto Innovation Stock Surges, Nears Key Convertible Note Conversion Price
Onto Innovation shares jumped 7.5%, closing in on the $381.80 conversion price of its $1.5B convertible notes. The stock now trades 10.2% below that level, with analysts maintaining a $358.82 average target.
Joby Aviation stock drops 4.6% as heavy trading persists below key financing thresholds
Joby Aviation shares slid 4.6% to $8.86 on heavy volume, trading below key financing levels from February and Delta's warrant exercise price.
Plug Power's Denmark Project Highlights Green Hydrogen Scaling Challenges
Plug Power shares rose 0.4% to $2.62 after completing a 5 MW electrolyzer project in Denmark, which produces less than 4% of its U.S. capacity. The small scale underscores the challenges in hydrogen scaling.