Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Payment systems provider WEX Inc (NYSE: WEX) said on Tuesday that it has completed its previously announced agreements to acquire eNett and Optal, causing its stock to rally 9% to highs of $202 per share.
Shares of Loop Industries have plummeted over 22% to $7.20 after Hindenberg Research released an update on the company following the independent review of its technology.
Hindenburg said “We remain short $ with a price target of $0 and continue to believe that Loop’s claimed technological advancements do not exist.”
Here are Hindenburg’s tweets on Loop
Biotechnology company Oncocyte Corporation (NYSE AMERICAN: OXC) shares are rallying premarket on Tuesday after it was announced that the company has entered into an exclusive licensing agreement with China-based Burning Rock Biotech (NASDAQ: BNR).
Esports Entertainment Group (NASDAQ: GMBL) shares are trading 9.80% higher at $5.86 after the company announced a multi-year partnership with the Philadelphia Eagles which will see it become the first esports provider of an NFL club.
The company earlier announced that it is set to complete its acquisition of Esports Gaming League in January 2021.
Shares of Anavex Life Sciences Corp (NASDAQ: AVXL) surged 87.4% after reporting positive results from a U.S Phase II trial of its ANAVEX®2-73 (blarcamesine) in adult female patients with Rett syndrome.
TC Energy Corp announced on Tuesday that it has entered into a definitive agreement with TC Pipelines to acquire the company in a deal worth approximately $1.68 billion.
Pursuant to the agreement, TCP common unitholders would receive 0.70 common shares of TC Energy for each issued and outstanding publicly-held TCP common unit. This represents a 19.5 per cent premium to the TCP closing price before the original offer as of October 2, 2020.
TC Pipelines Shares are up 77.24% premarket at $54.52.
Shares of Purplebricks Group PLC (LON: PURP) surged 13.8% today after the company announced that it expects half-year profits to beat analysts’ full-year expectations driven by a surge in customer numbers.
Purplebricks was one of our stock picks at the beginning of November when shares were priced at 56.2p. They are currently trading at 85.9p, after a 22.83% move higher in the last month.
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