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GBPUSD Pair Rallies on Upbeat UK GDP Data and Weak US PPIs

The GBPUSD currency pair was trading up over 103 pips as the Sterling pound rallied higher against the US dollar, driven by factors such as the upbeat UK GDP data released earlier today. The UK GDP shrunk by 0.1% in June, bea

Simon Mugo
Activision Blizzard (ATVI) Stock Is Up 8.47% on the FTC Injunction

The Activision Blizzard Inc (NASDAQ: ATVI) stock price has risen 8.47% in the past week after a Federal judge denied an application by the Federal Trade Commission (FTC) to grant an injunction blocking the deal with Microsoft

Simon Mugo
Beyond Meat (BYND) Stock Surged 34.6% in a Week. Here’s Why.

The Beyond Meat Inc (NASDAQ: BYND) stock price surged 34.64% in the past week as investors flocked to the company following a new distribution contract between the plant-based meat alternatives company and regional grocery ch

Simon Mugo
Ilika Shares Dropped 14.4% Despite Upbeat Full-Year 2023 Results

The Ilika plc (LON: IKA) share price fell 14.4% after releasing the results for the year ended 30 April 2023. During the year, the company continued working on its thin-film Stereax® miniature solid-state batteries for poweri

Simon Mugo
USDCAD Was Falling on Weak US CPI Data and BoC Rate Decision

The USDCAD currency pair was trading down over 65 pips as the Canadian dollar rallied against the US dollar after the Bank of Canada (BoC) hiked interest rates by 0.25% to 5%, as most analysts and investors widely expected.

Simon Mugo
Healthcare Triangle (HCTI) Stock Soared 138.3% on Ransomware

The Healthcare Triangle Inc (NASDAQ: HCTI) stock price soared 138.3% after announcing the launch of a new initiative to prepare healthcare organizations with critical tools and guidance for preventing and responding to ransom

Simon Mugo
Why IBM Stock Price Has Risen 11.7% Since Unveiling Watsonx AI

The IBM Common Stock (NYSE: IBM) has risen by 11.72% from its May lows, as shown on the chart below, boosted by the unveiling of its Watsonx AI products, previewed at IBM THINK in May. IBM’s share price rally can be attribute

Simon Mugo
Lloyds Share Price Rose 3.3% on Upbeat BoE Stress Test Results

The  Lloyds Banking Group PLC (LON: LLOY) share price rose 3.3% after the bank announced that it passed the Bank of England’s (BoE’s) stress test with a significant margin. The bank and seven of its peers were subjected to th

Simon Mugo
Argo Blockchain Shares Edged Higher on June Operations Update

The Argo Blockchain PLC (LON: ARB) share price edged 4% higher after releasing its June operations update. The mining company mined 139 Bitcoin or Equivalents (together, BTC), or 4.6 BTC per day, marking a significant decline

Simon Mugo
Eqtec Shares Surged 38.5% on the Sale of Its France MDC to Idex

The EQTEC PLC (LON: EQT) share price surged 38.5% after announcing that it had signed an agreement to sell 95% of its France Market Development Centre (MDC) to its partner on the project Idex. Eqtec will receive a fixed consi

Simon Mugo
Nio Stock Has Risen 37.5% in a Month. Will the Uptrend Continue?

The Nio Inc - ADR (NYSE: NIO) stock price has risen 37.5% in the past month as investor sentiment towards the Chinese EV company shifted to more positive. Nio stock is up 5.58% since the year started, and many wonder whether

Simon Mugo
Better Therapeutics (BTTX) Stock Rallied 32.2% on FDA Approval

The Better Therapeutics Inc (NASDAQ: BTTX) stock price rallied 32.2% after announcing that it had received authorisation from the US Food and Drug Administration (FDA) for the marketing of AspyreRx™, a prescription-only digit

Simon Mugo
Crown Electrokinetics (CRKN) Stock Surged 44.2% – Here’s Why.

The Crown Electrokinetics Corp. (NASDAQ: CRKN) stock price surged 44% despite the lack of news from the company as investor interest in the stock remained high. Today’s price action forces us to look at previous news releases

Simon Mugo
ITM Power’s Share Price Rose 2.92% on Expansion Into Germany

The ITM Power plc (LON: ITM) share price rose 2.92% after revealing that it would expand its operations into Linden, Germany, in October this year. The move will help cement ITM’s position as a leading manufacturer of large-s

Simon Mugo
Empire Metals’ Share Price Rallied 19.1% on Ilmenite Discovery

The Empire Metals Ltd (LON: EEE) share price rallied 19.1% higher after revealing that its first petrographic and mineralogical studies on the high-grade titanium discovery at the Pitfield Project had confirmed the presence o

Simon Mugo
Centrica Shares Edged Higher on Massive $8Bn LNG Gas Contract

The Centrica PLC (LON: CNA) share price edged higher after announcing that it had signed a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas (LNG) for 15 years on a Free on

Simon Mugo
Jupiter Wellness Stock Rallied 104% on the GBB Drink Acquisition

The Jupiter Wellness Inc (NASDAQ: JUPW) stock price rallied 104% after announcing that it had signed an asset purchase agreement with GBB Drink Lab Inc. to acquire all its operating assets, including the revolutionary Safety

Simon Mugo
Mobilicom (MOB) Stock Soared 119.3% on a Tier-1 Contract Win

The Mobilicom Limited (NASDAQ: MOB) stock price soared 119.3% after announcing that it had won a commercial scale purchase order from one of its Tier-1 customers, Teledyne-FLIR (NYSE: TDY). 

Simon Mugo
Cineworld Shares Rose 14% Ahead of the UK Administration Filing

The Cineworld Group plc (LON: CINE) share price rose 13.9% as investors look forward to the movie theatre chain filing for administration in the UK, the last major obstacle standing between it and emerging from Chapter 11 ban

Simon Mugo
Hammerson Shares Are Down 2.14% YTD. Will They Keep Falling?

The Hammerson plc (LON: HMSO) share price has fallen 2.14% since the year started but had rallied higher from early January to the end of February, where it fell to new lows in late March, then rallied higher to its current p

Simon Mugo
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