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Asos Shares Surged 15.9% on Q3 Fiscal 2023 Trading Statement

The ASOS plc (LON: ASC) share price surged 15.9% after releasing its trading statement for the three months ended 31 May 2023. The fast fashion company generated revenues worth £858.9 million during the quarter compared to £9

Simon Mugo
Rivian Stock Has Fallen 19.3% This Year. Will It Keep Falling?

The Rivian Automotive Inc (NASDAQ: RIVN) stock price has fallen 19.3% since the year started but is down 43.85% over the past 12 months as investor sentiment towards the EV industry soured. The decline in Rivian’s stock price

Simon Mugo
Vodafone Shares Rose 4.28% on the £15Bn CK Hutchison Merger

The Vodafone Group plc (LON: VOD) share price rose 4.28% after unveiling plans to merge its UK operations with CK Hutchison in a deal valued at £15 billion ($19 billion). The combined entity will be the largest UK mobile netw

Simon Mugo
Petro Matad (MATD) Shares Fell 10.5% on Velociraptor Well Spud

The Petro Matad Limited (LON: MATD) share price fell 10.5% after announcing that it had spudded the Velociraptor-1 exploration well in the Taats Basin of Block V in central Mongolia on 13 June 2023. 

Simon Mugo
Entain Shares Dropped 11.6% on a £600M Discounted Capital Raise

The Entain PLC (LON: ENT) share price fell 11.6% after revealing that it had raised £600 million via a discounted share placing where it sold 48,294,478 new ordinary shares of €0.01 each in the capital of the Company for £12.

Simon Mugo
Cineworld Shares Plunged 30.8% on Looming UK Administration

The Cineworld Group plc (LON: CINE) share price plunged by 30.8% after news emerged that its London-listed holding company was planning to file for administration as part of the broader restructuring process that will see the

Simon Mugo
Valirx Shares Edged 5.6% Higher After Acquiring Imagen Assets

The ValiRx Plc (LON: VAL) share price edged 5.6% higher after announcing that it had acquired the scientific assets of Imagen Therapeutics Limited from its appointed liquidators for a one-time cash payment of £170,000 paid to

Simon Mugo
YS Biopharma (YS) Stock Surged 32.3% Higher Today – Here’s Why

The YS Biopharma Co Ltd (NASDAQ: YS) stock price surged 32.3% ahead of a presentation set to be delivered by its CEO at the Global Select Spotlight Emerging Growth Invitational Investor Conference later today.

Simon Mugo
First Wave Bio (FWBI) Stock Soared 145.2% on a Critical Milestone

The First Wave BioPharma Inc (NASDAQ: FWBI) stock soared 145.2% after announcing that it had reached the enrollment target for its ongoing Phase 2 SPAN clinical trial investigating an enhanced enteric micro granule delivery f

Simon Mugo
CMC Markets Shares Fell 7.79% on Full-Year 2023 Mixed Results

The CMC Markets Plc (LON: CMCX) share price fell 7.79% after releasing the final results for the year ended 31 March 2023. The company generated revenues worth £288.4 million during the year, marking a 2% increase to the £281

Simon Mugo
Predator Oil & Gas Shares Rallied 26.2% on MOU-3 Well Update

The Predator Oil & Gas Holdings PLC (LON: PRD) share price rallied 26.2% after releasing the interim drilling update for the MOU-3 well in Morroco, where it encountered significantly overpressured shallow gas reserves.

Simon Mugo
Here’s Why the EURUSD Pair Gave Up Its Morning Gains Later

The EURUSD currency pair was trading up just 10 pips at writing, giving up a massive chunk of its earlier gains where it traded as high as 50 pips higher. The currency pair bounced off a resistance zone seen on the 1-hour cha

Simon Mugo
Here’s Why Micromobility.com (MCOM) Stock Soared 105.4% Today

The Micromobility.com Inc (NASDAQ: MCOM) stock price soared 105.4% despite the lack of new releases from the company, which had some significant announcements recently, including the extension of its operating permit in Austi

Simon Mugo
GameStop (GME) Shares Have Risen 21.7% YTD. What’s Next?

The GameStop Corp (NYSE: GME) share price has risen 21.7% this year and recently crashed after firing its fifth CEO in five years. The move to sack the CEO, who had been handpicked to turn around the ailing business, shocked

Simon Mugo
Nio Shares Edged 4.66% Higher After Cutting New Vehicle Prices

The Nio Inc - ADR (NYSE: NIO) share price edged 4.66% higher after unveiling plans to cut the prices of its cars and halt its business expansion amid the challenging economic backdrop that has seen most electric vehicle (EV)

Simon Mugo
Darktrace Shares Edged Higher After the Launch of New AI Models

The Darktrace PLC (LON: DARK) share price edged 3.21% higher after announcing the launch of new Generative AI tools to help companies using generative AI tools such as ChatGPT better protect their data from attacks by malicio

Simon Mugo
AO World Share Rose 6.3% on Frasers Group Strategic Investment

The AO World PLC (LON: AO) share price rose 6.28% after Frasers Group acquired an 18.9% strategic stake in AO, purchasing 109,400,000 issued shares at a price of 68p, totalling an investment of £75 million.

Simon Mugo
Futura Medical (FUM) Shares Surged 34.8% on US FDA Approval

The Futura Medical PLC (LON: FUM) share price surged 34.8% after revealing that the US Food and Drug Administration (FDA) had finally granted over-the-counter sale (OTC) Marketing Authorisation for MED3000, its breakthrough t

Simon Mugo
Amigo Shares Soared 161.5% on the Latest Exclusivity Agreement

The Amigo Holdings PLC (LON: AMGO) share price soared 161.5% after revealing that it had signed an exclusivity agreement with Michael Fleming, a financier and shareholder, seeking to find and complete a debt investment into t

Simon Mugo
Supply@Me (SYME) Shares Rallied 15% on 1st UK IM Transaction

The Supply@Me Capital PLC (LON: SYME) share price rallied 15.4% after announcing that it had secured a binding commitment from an institutional investor regarding the first-ever UK Inventory Monetisation (IM) transaction.

Simon Mugo