Últimas noticias sobre Santech Holdings (NASDAQ:STEC) Bolsa

Santech Holdings

Santech Holdings Ltd is a customer based technology company. The company is engaged in exploring new opportunities in technology that includes new retail, social e-commerce, metaverse and others.

STEC, Inc.

Santech Holdings Limited - American Depositary Shares

Santech Holdings Ltd

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STEC

Santech shares are trading lower after the company announced its chairman and CEO are detained and currently under investigation by a branch office of the Shanghai Municipal Public Security Bureau.

This is&nbsp;with respect to alleged illegal activities at Hywin Wealth Management Co., Ltd.
As previously announced, the Company terminated its VIE arrangements with Hywin Wealth Management on June 28, 2024.
Hywin Wealth Management is a company incorporated in mainland China and wholly owned and controlled by Mr. Han, and is not otherwise related to the Company.
Santech Holdings Limited is not associated with this matter, nor has the Company received any official notice from any government authority as of the date of this announcement.
As Han and Madame Wang are presently unable to fulfill their respective roles as Chairman of the Board and CEO/director of the Company, the Board has appointed Lawrence Wai Lok to the Board, effective immediately.
The Board has also appointed Mr. Lok to be the acting CEO of the Company.&nbsp;

News

Management

Santech Says Chairman Han Hongwei, CEO Madame Wang Dian Detained By, And Are Currently Under Investigation By Certain Branch Office Of Shanghai Municipal Public Security Bureau

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 0.5% on Tuesday.
The Dow traded down 0.13% to 40,774.88 while the NASDAQ rose 0.47% to 16,963.77. The S&amp;P 500 also rose, gaining, 0.37% to 5,491.31.
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Leading and Lagging Sectors Communication services shares surged by 0.7% on Tuesday.
In trading on Tuesday, energy shares fell by 0.7%.
Top Headline
Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) reported better-than-expected earnings and sales results for its first quarter on Monday.
Oracle and Amazon.com, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS announced the launch of Oracle Database@AWS, a new offering that allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BIO-key International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares shot up 119% to $2.2760 after the company announced it was rewarded $500K in new orders from a government defense ministry.</li>
<li>Shares of SMX (Security Matters) Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) got a boost, surging 93% to $4.30.</li>
<li>Quhuo Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) shares were also up, gaining 40% to $0.4580.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 26% to $0.8985. Edgio shares tumbled on Monday after the company filed for Chapter 11 relief. The company entered into a stalking horse asset purchase agreement with Lynrock.</li>
<li>Shares of Crown Electrokinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) were down 21% to $1.1699.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) was down, falling 20% to $0.50.</li>
</ul>
Commodities In commodity news, oil traded down 0.9% to $68.10 while gold traded up 0.3% at $2,539.40.
Silver traded up 0.6% to $28.82 on Tuesday, while copper fell 0.4% to $4.1280.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 slipped 0.1%, Germany's DAX declined 0.5% and France's CAC 40 rose 0.2%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 fell 0.4%.
Regular pay in the UK, excluding bonuses, rose 5.1% year-over-year to GBP 647/week in the three months to July, while UK's unemployment rate declined to 4.1% from May to July.
Industrial production in Italy declined by 0.9% month-over-month in July compared to a 0.5% gain in June. Spain&#8217;s industrial output declined by 0.4% year-over-year in July. The annual inflation rate in Germany eased to 1.9% in August from 2.3% in the prior month.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 falling 0.16%, Hong Kong's Hang Seng Index gaining 0.22%, China's Shanghai Composite Index gaining 0.28% and India's BSE Sensex gaining 0.44%.
Japan's machine tool orders fell 3.5% year-over-year to JPY 110,771 million for August. China&#8217;s trade surplus widened to $91.02 billion in August from $67.81 billion in the year-ago period.
Economics
The NFIB Small Business Optimism Index fell to 91.2 in August, recording the weakest reading in three months, and versus July's reading of 93.7.
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US Stocks Mixed; Oracle Posts Upbeat Results

Shares of Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) rose sharply in today's pre-market trading after the company reported stronger-than-expected earnings for its <a href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details">second quarter on Tuesday.</a>
The company reported quarterly earnings of 96 cents per share, which beat the analyst consensus estimate of 71 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Nordstrom shares jumped 7.8% to $22.78 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>JBDI Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBDI#NASDAQ">JBDI</a>) gained 68.5% to $17.05 in pre-market trading after jumping 102% on Tuesday. The company prices its IPO at $5 per share.</li>
<li>SaverOne 2014 Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) rose 37.5% to $0.3190 in today's pre-market trading after the company reported H1 financial results. Also, the company announced a strategic asset purchase agreement for Micronet Generation-3 camera products and intellectual property.</li>
<li>Heramba Electric plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) gained 37.5% to $3.15 in pre-market trading after declining 3% on Tuesday.</li>
<li>Bolt Projects Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSLK#NASDAQ">BSLK</a>) gained 30% to $2.69 in pre-market trading after dipping 22% on Tuesday.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) gained 20% to $63.36 in pre-market trading following better-than-expected quarterly results.</li>
<li>Waldencast plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) gained 18.5% to $3.44 in pre-market trading after reporting second-quarter results.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) gained 9.3% to $0.52 in pre-market trading after declining 7% on Tuesday.</li>
<li>VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) gained 7% to $2.14 in the pre-market trading session following strong quarterly results.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) gained 6.5% to $30.70 in pre-market trading as the company reported better-than-expected financial results for the second quarter and issued strong FY25 guidance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>QT Imaging Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTI#NASDAQ">QTI</a>) declined 18.3% to $0.49 in pre-market trading after falling 6% on Tuesday.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares declined 17% to $0.5236 in pre-market trading after jumping 58% on Tuesday. Santech Holdings recently announced a $5 million share repurchase program.</li>
<li>nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) shares fell 14.7% to $29.45 in pre-market trading after reporting second-quarter results.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) fell 13.1% to $0.56 in pre-market trading. Ensysce Biosciences shares jumped 49% on Tuesday after the company received a $14 million multi-year grant from the NIH for the continued development of its PF614-MPAR, an abuse-deterrent opioid with overdose protection.</li>
<li>Tantech Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TANH#NASDAQ">TANH</a>) shares fell 10.2% to $0.1669 in pre-market trading after gaining 20% on Tuesday.</li>
<li>T Stamp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) fell 10.1% to $0.3710 in pre-market trading.</li>
<li>ARB IOT Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) fell 9.9% to $0.3633 in today's pre-market trading after gaining 6% on Tuesday.</li>
<li>Lixte Biotechnology Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIXT#NASDAQ">LIXT</a>) shares declined 9% to $1.71 in pre-market trading after dipping 9% on Tuesday.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares dipped 8.1% to $95.97 in pre-market trading after the company guided a third-quarter revenue decline and issued EPS estimates below estimates.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) shares fell 6.6% to $13.00 in pre-market trading.</li>
</ul>
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Why Nordstrom Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

Shares of MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) rose sharply in today's pre-market trading after company announced it achieved 100% reversal of neuropathic pain with <a href="https://www.benzinga.com/quote/MIRA/news">oral Ketamin-2 in a rat study.</a>
MIRA Pharmaceuticals shares jumped 44.8% to $2.68 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MEDIROM Healthcare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) gained 135.5% to $5.84 in pre-market trading. MEDIROM MOTHER Labs partnered with NFES Technologies in capital and business alliance.</li>
<li>Prestige Wealth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWM#NASDAQ">PWM</a>) rose 57% to $1.17 in today's pre-market trading after the company announced that it entered into a definitive acquisition agreement to purchase all shares of SPW Global.</li>
<li>Top KingWin Ltd  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCJH#NASDAQ">TCJH</a>) gained 45.6% to $0.33 in pre-market trading after gaining 13% on Friday.</li>
<li>Tevogen Bio Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 32.8% to $0.77 in pre-market trading. Tevogen Bio, last week, secured $6 million Series C Preferred stock investment with The Patel Family, LLP.</li>
<li>Perfect Moment Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#NASDAQ">PMNT</a>) gained 28.8% to $1.34 in pre-market trading after declining 7% on Friday.</li>
<li>Scisparc Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) gained 19.1% to $0.44 in pre-market trading after the company submitted an Investigational New Drug (IND) application to the FDA for SCI-110.</li>
<li>Santech Holdings Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) gained 8.3% to $0.42 in pre-market trading after announcing a $5 million share repurchase program.</li>
<li>Galapagos NV &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLPG#NASDAQ">GLPG</a>) climbed 8.3% to $28.07 in pre-market trading. On Friday, Galapagos announced the FDA clearance of IND application for Phase 1/2 ATALANTA-1 study of CD19 CAR-T, GLPG5101, in relapsed/refractory non-Hodgkin lymphoma.</li>
<li>LandBridge Co LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) gained 7% to $44.99 in the pre-market trading session after gaining 5% on Friday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Talis Biomedical Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLIS#NASDAQ">TLIS</a>) declined 14.8% to $3.85 in pre-market trading. The Nasdaq notified Talis Biomedical that Nasdaq believes the company is &#8220;public shell,&#8221; &amp; continued listing of its common stock is no longer warranted.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares declined 14.5% to $0.14 in pre-market trading. SRIVARU Holding recently announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India. Also, the company said it aims to increase production capacity to nearly 10,000 units per month by the end of 2024</li>
<li>Draganfly Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPRO#NASDAQ">DPRO</a>) fell 14.5% to $0.12 in pre-market trading after gaining 6% on Friday.</li>
<li>ELEVAI Labs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) shares fell 13.5% to $0.26 in pre-market trading after gaining around 33% on Friday.</li>
<li>OKYO Pharma Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKYO#NASDAQ">OKYO</a>) fell 12.3% to $0.91 in pre-market trading.</li>
<li>Tungray Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) shares declined 11.9% to $2.59 in pre-market trading.</li>
<li>Avenue Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 11.2% to $2.62 in today's pre-market trading.</li>
<li>Renalytix PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNLX#NASDAQ">RNLX</a>) shares fell 10.1% to $0.29 in pre-market trading after declining 5% on Friday.</li>
<li>SM Energy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) shares fell 7.4% to $42.42 in pre-market trading. SM Energy recently reported better-than-expected second-quarter financial results.</li>
<li>Xiao-I Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) shares dipped 6.7% to $4.02 in pre-market trading after surging 20% on Friday.</li>
</ul>
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Pre-Market Outlook

Markets

Movers

Trading Ideas

AIXI

ATXI

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OKYO

PMNT

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Why MIRA Pharmaceuticals Shares Are Trading Higher By Around 45%; Here Are 20 Stocks Moving Premarket

Santech Holdings Limited ("Santech", or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>), a consumer-focused technology company in China, today announced that the Company's board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$5 million worth of its outstanding American Depositary Shares ("ADSs"), each representing two ordinary shares, over the next 12 months starting from August 26, 2024.

Buybacks

Santech Holdings Board Approved A $5M Share Repurchase Program For Its American Depositary Shares

Shares of Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares gained 8.2% to $14.62 in pre-market trading after the company <a href="https://www.benzinga.com/news/earnings/24/08/40495824/wolfspeed-stock-climbing-despite-worse-than-expected-q4-fy24-results">reported its fourth-quarter financial results.</a>
Wolfspeed reported quarterly losses of 89 cents per share, missing the consensus estimate of losses of 84 cents per share, and revenue of $200.7 million for the quarter, also missing the Street estimate. Fiscal-year losses of $2.59 per share and full-year revenue of $807.2 million both missed the analyst consensus estimates, as well.
Wolfspeed shares jumped 8.2% to $14.62 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Staffing 360 Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) rose 113.5% to $2.52 in today's pre-market trading after dipping around 15% on Wednesday.</li>
<li>Mobix Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) gained 90.8% to $1.68 in pre-market trading after reporting results for the third quarter.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) gained 37.5% to $3.18 in pre-market trading.</li>
<li>Guardion Health Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHSI#NASDAQ">GHSI</a>) shares rose 28% to $11.58 in pre-market trading after the company announced its declared a $5 per share dividend.</li>
<li>GD Culture Group Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) gained 22.2% to $4.79 in pre-market trading. GD Culture Group shares jumped 128% on Wednesday after the company announced that it launched its TikTok account.</li>
<li>Roma Green Finance Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROMA#NASDAQ">ROMA</a>) gained 15.5% to $0.59 in pre-market trading after declining over 10% on Wednesday.</li>
<li>Kindly MD Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) gained 13.8% to $1.97 in pre-market trading.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) gained 13.1% to $0.2488 in pre-market trading.</li>
<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) climbed 8.6% to $3.80 in pre-market trading after jumping 13% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) shares fell 30.6% to $1.45 in pre-market trading after the company announced exercise of warrants for $3.8 million in gross proceeds.</li>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares declined 20.5% to $5.09 in pre-market trading after the company announced a $5 million registered direct offering of 1,108,892 common shares at $4.50/share.</li>
<li>Notable Labs, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTBL#NASDAQ">NTBL</a>) declined 18.2% to $0.4664 in pre-market trading. The company announced progress for its Phase 2 volasertib program.</li>
<li>Galmed Pharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) fell 17.4% to $0.3550 in today's pre-market trading after surging 42% on Wednesday.</li>
<li>Thunder Power Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIEV#NASDAQ">AIEV</a>) fell 15.8% to $0.61 in pre-market trading after the company entered into $100 million committed equity facility.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) fell 13.2% to $0.3780 in pre-market trading.</li>
<li>InMed Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) shares dipped 12.1% to $0.3690 in pre-market trading.</li>
<li>Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares declined 11% to $36.94 in pre-market trading following second-quarter results.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results</li>
<li>NextPlat Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPL#NASDAQ">NXPL</a>) shares fell 8.2% to $1.06 in pre-market trading.</li>
</ul>
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Why Wolfspeed Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 50 points on Wednesday.
The Dow traded up 0.13% to 40,886.56 while the NASDAQ rose 0.49% to 17,904.16. The S&amp;P 500 also rose, gaining, 0.35% to 5,616.74.
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Leading and Lagging Sectors Consumer discretionary shares climbed by 1.2% on Wednesday.
In trading on Wednesday, real estate shares fell by 0.4%.
Top Headline
Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) reported better-than-expected second-quarter financial results and raised FY24 EPS outlook.
Quarterly adjusted earnings per share totaled $2.57 (+40%), beating the street view of $2.20. Target reported sales of $25.45 billion (+2.7%), exceeding the analyst consensus of $25.229 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) shares shot up 194% to $0.4361.</li>
<li>Shares of Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) got a boost, surging 99% to $1.92 after the company said it is negotiating the acquisition of four health and wellness targets.</li>
<li>Stronghold Digital Mining, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) shares were also up, gaining 94% to $9.71 after the company announced it entered into a definitive merger agreement to be acquired by Bitfarms.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) shares dropped 43% to $0.3819 after the company announced the pricing of $5.14 million public offering.</li>
<li>Shares of Mynaric AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) were down 24% to $1.3897.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) was down, falling 17% to $0.3595.</li>
</ul>
Commodities In commodity news, oil traded up 0.6% to $73.61 while gold traded down 0.4% at $2,538.10.
Silver traded down 0.5% to $29.36 on Wednesday, while copper rose 0.2% to $4.1675.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.3%, Germany's DAX rose 0.5% and France's CAC 40 gained 0.4%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.1%.
The annual inflation rate in the Eurozone increased to 2.6% in July from 2.5% in the prior month, while current account surplus rose to €52.4 billion in June from €32.4 billion a year ago. Italy&#8217;s current account surplus widened to EUR 4,885 billion in June from EUR 1,248 billion in the year-ago period. Producer prices in Germany fell by 0.8% year-over-year in July.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 0.29%, Hong Kong's Hang Seng Index falling 0.69%, China's Shanghai Composite Index falling 0.35% and India's BSE Sensex rising 0.13%.
The annual inflation rate in Hong Kong increased to 2.5% in July from 1.5% in the prior month. The People&#8217;s Bank of China kept key lending rates unchanged at the recent fixing.
Economics
Mortgage applications in the U.S. declined by 10.1% from the prior week in the week ending Aug. 16.
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</ul>

Earnings

Equities

Eurozone

Commodities

EYEN

MYNA

SDIG

SMFL

US Stocks Higher; Target Posts Upbeat Earnings

Shares of Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) rose sharply in today's pre-market trading after the company reported stronger-than-expected <a href="https://www.benzinga.com/quote/KEYS/news">results for its third quarter.</a>
The company said it sees fourth-quarter earnings between $1.53 and $1.59 per share, versus the $1.54 estimate, and revenue in a range of $1.245 billion to $1.265 billion, versus the $1.25 billion estimate.
Keysight shares jumped 11.1% to $154.01 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) rose 170.1% to $2.81 in today's pre-market trading after jumping over 19% on Tuesday.</li>
<li>Anew Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WENA#NASDAQ">WENA</a>) gained 68% to $1.73 in pre-market trading. ANEW MEDICAL acquired license to Needle-Free Dry Powder Autoinjector from Transfertech Sherbrooke.</li>
<li>Galmed Pharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) gained 44.8% to $0.4373 in pre-market trading.</li>
<li>BigBear.ai Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NASDAQ">BBAI</a>) shares rose 33.1% to $1.76 in pre-market trading after the company received an award as a subcontractor to Concept Solutions.</li>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) gained 28.2% to $5.54 in pre-market trading after declining around 9% on Tuesday.</li>
<li>Oblong, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) gained 25.3% to $0.1338 in pre-market trading after declining 5% on Tuesday.</li>
<li>Gaxos.ai Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) gained 21.1% to $3.04 in pre-market trading after gaining 9% on Tuesday.</li>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) gained 15.3% to $0.7330 in pre-market trading after the company announced that it screened the first patient in its Phase 1b clinical trial evaluating ATR-12 for the treatment of Netherton syndrome.</li>
<li>Invivyd Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVVD#NASDAQ">IVVD</a>) shares gained 14.7% to $0.99 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) shares fell 34.1% to $0.4480 in pre-market trading after the company announced a proposed public offering.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares declined 33.6% to $0.2850 in pre-market trading after jumping 109% on Tuesday.</li>
<li>Aadi Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) declined 27.2% to $1.18 in pre-market trading after the company issued PRECISION1 trial and corporate updates.</li>
<li>Mynaric AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) fell 24.6% to $1.38 in today's pre-market trading. Mynaric shares dipped 56% on Tuesday after the company cut its FY24 revenue guidance.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) shares fell 24.1% to $1.17 in pre-market trading after declining 14% on Tuesday.</li>
<li>InMed Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) fell 23.2% to $0.3310 in pre-market trading. InMed Pharmaceuticals shares surged 191% on Tuesday after the company announced that INM-901 will be used in its development programs for Alzheimer&#8217;s Disease.</li>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) fell 17.8% to $1.15 in pre-market trading after jumping 141% on Tuesday.</li>
<li>Heramba Electric plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) shares dipped 16.4% to $2.33 in pre-market trading after jumping around 33% on Tuesday.</li>
<li>Allbirds Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) shares declined 16.2% to $0.61 in pre-market trading.</li>
<li>Allego N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NYSE">ALLG</a>) shares fell 7.8% to $1.77 in pre-market trading after jumping over 82% on Tuesday.</li>
</ul>
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</ul>

AADI

ALLG

APDN

AZTR

BBAI

BIRD

GXAI

IVVD

KEYS

OBLG

SINT

WENA

Why Keysight Technologies Shares Are Trading Higher By Around 11%; Here Are 20 Stocks Moving Premarket

Shares of Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) rose sharply in today's pre-market trading as the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40353930/nvidia-backed-serve-robotics-pops-on-q2-earnings-everything-you-need-to-know">second-quarter sales results.</a>
Serve Robotics reported quarterly losses of 27 cents per share which missed the analyst consensus estimate for a loss of 25 cents per share. The company reported quarterly sales of $468.375 thousand which beat the analyst consensus estimate of $400.000 thousand.
Serve Robotics shares jumped 14% to $11.82 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) rose 80.7% to $1.52 in today's pre-market trading after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) gained 40.7% to $0.1934 in pre-market trading after falling 19% on Tuesday.</li>
<li>Nuburu, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) gained 19.5% to $1.90 in pre-market trading after dipping more than 12% on Tuesday.</li>
<li>Vertex Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTNR#NASDAQ">VTNR</a>) jumped 16% to $0.52 in pre-market trading after jumping over 10% on Tuesday. Vertex Energy, last week, reported mixed second-quarter financial results.</li>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) gained 15.5% to $1.04 in pre-market trading. Revelation Biosciences, last week, posted a second-quarter GAAP loss of $5.13 per share.</li>
<li>Nkarta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTX#NASDAQ">NKTX</a>) gained 15.4% to $5.74 in pre-market trading as the company posted a narrower-than-expected quarterly loss.</li>
<li>Laser Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) gained 12.5% to $3.78 after tumbling over 22% on Tuesday.</li>
<li>Snail, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAL#NASDAQ">SNAL</a>) shares rose 8.7% to $0.8899 in pre-market trading after the company reported second-quarter results.</li>
<li>Qifu Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) gained 6.7% to $22.52 in pre-market trading after the company reported second-quarter results and said Hongyi Zhou has resigned as Director and Chairman of Board for personal reasons.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>TC Biopharm (Holdings) Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBP#NASDAQ">TCBP</a>) shares declined 38.2% to $2.28 in pre-market trading after the company announced the pricing of a 2 million unit offering at $1 per unit.</li>
<li>Bionomics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNOX#NASDAQ">BNOX</a>) declined 27.3% to $0.44 in pre-market trading.</li>
<li>Iveda Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) shares declined 23.2% to $0.2840 in pre-market trading after declining 8% on Tuesday.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares dipped 20.5% to $0.2050 in pre-market trading after jumping 18% on Tuesday.</li>
<li>Alternus Clean Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALCE#NASDAQ">ALCE</a>) fell 17.1% to $0.19 in today's pre-market trading.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares fell 16.9% to $9.04 in pre-market trading after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter revenue guidance.</li>
<li>QuickLogic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) shares fell 16.2% to $7.89 in pre-market trading after reporting second-quarter results.</li>
<li>WISeKey International Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) fell 15.5% to $2.60 in pre-market trading after jumping 23% on Tuesday.</li>
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares fell 15.5% to $0.4055 in pre-market trading after declining around 5% on Tuesday.</li>
<li>SeaStar Medical Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICU#NASDAQ">ICU</a>) fell 13.5% to $5.23 pre-market trading after reporting second-quarter results.</li>
</ul>
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</ul>

ALCE

BNOX

BURU

DGLY

IVDA

LASE

NKTX

OUST

QFIN

QUIK

SERV

SNAL

TCBP

VEEE

VTNR

WKEY

Why Serve Robotics Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket

STEC, Inc. (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) reports Q2 EPS of $(0.43) versus the estimated $(0.42), missing by $0.01. EPS were Down 59% from the same quarter last year. Revenue came in at $23.50M versus the estimated $24.28M. Sales were Down 42% year over year.

STEC, Inc. Reports Q2 EPS of $(0.43) vs $(0.42) Est; Revenue of $23.50M vs $24.28M Est

Steris Test Cleared by FDA to Measure Steam Sterilization

In a report published on Tuesday, Wedbush analyst Betsy Van Hees upgraded sTec (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) from Underperform to Neutral and raised the price target on the company from $3 to $6.85.

	In the report, Wedbush stated, "We are upgrading STEC to a NEUTRAL rating and increasing our price target to $6.85 following Western Digital Corporation's (WDC) surprise announcement that its wholly-owned subsidiary HGST has entered into a definitive agreement to acquire sTec for roughly $340MM in cash or about $6.85 per share."

	sTec closed on Monday at $6.71.

Analyst Color

Upgrades

Analyst Ratings

UPDATE: Wedbush Upgrades sTec 'As WDC Throws Shareholders A Life Preserver'

JP Morgan upgraded CME Group (NASDAQ: <a class="ticker" href="/stock/cme#NASDAQ">CME</a>) from “underweight” to “neutral.” The target price for CME Group has been raised from $52.50 to $72. CME Group's shares closed at $76.06 yesterday. 

Analysts at Bank of America upgraded Kinder Morgan Energy Partners LP (NYSE: <a class="ticker" href="/stock/kmp#NYSE">KMP</a>) from “neutral” to “buy.” The target price for Kinder Morgan Energy Partners has been lowered from $91 to $89. Kinder Morgan Energy's shares closed at $80.65 yesterday.

Analysts at Goldman Sachs upgraded Hittite Microwave (NASDAQ: <a class="ticker" href="/stock/hitt#NASDAQ">HITT</a>) from “sell” to “neutral.” The target price for Hittite Microwave is set to $58. Hittite Microwave's shares closed at $54.43 yesterday. 

Wedbush upgraded STEC (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) from “underperform” to “neutral.” The target price for STEC has been raised from $3 to $6.85. STEC's shares closed at $6.71 yesterday.

HITT

Benzinga's Top Upgrades

Wedbush upgrades STEC, Inc. (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) from Underperform to Neutral and raises the price target from $3.00 to $6.85.

Wedbush Upgrades STEC, Inc. to Neutral, Raises PT to $6.85

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Monday June 24, 2013:

Tenet Healthcare to Acquire Vanguard Health Systems for $21/Share in Cash

The Deal: Tenet Healthcare (NYSE: <a class="ticker" href="/stock/thc#NYSE">THC</a>) and Vanguard Health Systems (NYSE: <a class="ticker" href="/stock/vhs#NYSE">VHS</a>) announced Monday that they have agreed that Tenet will acquire Vanguard for $21 per share in cash. The deal is valued at $4.3 billion including the assumption of $2.5 billion in Vanguard debt and is expected to close before the end of 2013.

Vanguard Health Systems closed at $20.70 Monday, a gain of 67% on 94 times average volume.

Western Digital to Acquire STEC for $6.85/Share in Cash

The Deal: Western Digital (NASDAQ: <a class="ticker" href="/stock/wdc#NASDAQ">WDC</a>) and STEC (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) announced Monday that they have agreed that STEC will be acquired by WDC subsidiary HGST, for approximately $340 million in cash, or $6.85 per share. The deal is expected to close in Q4 2013.

STEC closed at $6.71 Monday, a gain of 87% on 49 times average volume.

Keynote Signs Definitive Agreement to be Acquired by Thoma Bravo for $20/Share in Cash

The Deal: Keynote Systems (NASDAQ: <a class="ticker" href="/stock/keyn#NASDAQ">KEYN</a>) announced Monday that it has agreed to be acquired by an affiliate of private equity firm Thoma Bravo for $20.00 per share in cash or $395 million. The deal is expected to close before September 30, 2013. 

Keynote Systems, closed at $19.82 Monday, a gain of 46% on 44 times average volume.

KEYN

Benzinga's M&A Chatter for Monday June 24, 2013

With shares of STEC (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) nearly doubling over the course of Monday's trading session following a deal with Western Digital (NYSE: <a class="ticker" href="/stock/wdc#NYSE">WDC</a>), analysts and traders are scurrying around to find ways to play increased sentiment in the industry. 

Susquehanna analyst Mehdi Hosseini highlighted SanDisk as the sole manufacturer of NAND products with a portfolio of diversified solid-state, drive-related IP -- something Hosseini believes is not yet priced into SanDisk shares. The analyst sees SanDisk's IP as the "key differentiation" between SanDisk and the other players in the space.

Hosseini maintains a Positive rating and $77 price target on shares of SanDisk.

Susquehanna Remains Bullish on SanDisk Following STEC, Western Digital Deal, Says Deal Highlights Growth Potential

Toward the end of trading Monday, the Dow traded down 0.46 percent to 14,731.05 while the NASDAQ declined 0.60 percent to 3,336.51. The S&amp;P also fell, dropping 0.70 percent to 1,581.00.

Top Headline 
Tenet Healthcare (NYSE: <a class="ticker" href="/stock/thc#NYSE">THC</a>) announced its plans to acquire Vanguard Health Systems (NYSE: <a class="ticker" href="/stock/vhs#NYSE">VHS</a>) for $4.3 billion including debt.

The offer price of $21 per share represents a 70% premium over Vanguard's closing price on Friday. The deal also includes the assumption of $2.5 billion in Vanguard debt.

The transaction is projected to close by the end of the year.

Equities Trading UP 
Vanguard Health Systems (NYSE: <a class="ticker" href="/stock/vhs#NYSE">VHS</a>) shot up 65.43 percent to $20.76 after Tenet Healthcare (NYSE: <a class="ticker" href="/stock/thc#NYSE">THC</a>) announced its plans to acquire the company for $4.3 billion including debt.

Shares of Isis Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/isis#NASDAQ">ISIS</a>) got a boost, shooting up 27.95 percent to $27.96 after the company reported Phase 2 data on ISIS-APOCIII Rx.

Tenet Healthcare (NYSE: <a class="ticker" href="/stock/thc#NYSE">THC</a>) was also up, gaining 5.57 percent to $43.87 after the company announced its plans to acquire Vanguard Health.

Equities Trading DOWN 
Shares of Walter Energy (NYSE: <a class="ticker" href="/stock/wlt#NYSE">WLT</a>) took a big hit throughout trading Monday, falling 12.17 percent to $10.75 as the company's link to commodity prices dragged it down on the session.

Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) was down, falling 2.28 percent to $404.00 after Jefferies analyst Peter Misek lowered the price target on the stock from $420 to $405.

Western Digital (NASDAQ: <a class="ticker" href="/stock/wdc#NASDAQ">WDC</a>) shares tumbled 2.66 percent to $58.59 after the company announced its plans to buy STEC (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) for around $340 million.

Commodities 
In commodity news, oil traded up 1.54 percent to $95.13, while gold traded down 0.81 percent to $1,281.70.

Silver traded down 1.85 percent Monday to $19.75, while copper fell 1.61 percent to $3.05.

Eurozone 
European shares were lower today. The Spanish Ibex Index fell 1.89 percent and the Italian FTSE MIB Index declined 0.93 percent. Meanwhile, the German DAX fell 1.24 percent and the French CAC 40 declined 1.71 percent while U.K. shares tumbled 2.12 percent.

Economics 
The Chicago Fed National Activity Index rose to -0.30 in May, from -0.52 in the earlier month.

The Dallas Fed manufacturing business index rose to 6.50 in June, versus a prior reading of -10.50. However, economists were expecting a reading of -1.50.

Fed President Richard Fisher is set to speak today.

Guidance

Global

Econ #s

Economics

Intraday Update

Tech

AAPL

ISIS

Mid-Afternoon Market Update: Markets Recovering; Walter Energy Gets Crushed

Traders in Fusion-io (NYSE: <a class="ticker" href="/stock/fio#NYSE">FIO</a>) are attributing upside in the stock to some bullish comments from Mizuho analyst Abhey Lamba in a research note from Monday morning. The analyst reiterated a Buy rating and $22 price target on shares of Fusion-io.

Shares of Fusion-io last traded at $13.14, up more than 1 percent.

Based on the deal between Western Digital (NYSE: <a class="ticker" href="/stock/wdc#NYSE">WDC</a>) and STEC (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>), Lamba sees value around $11 per shares in Fusion-io. The analyst pointed out Fusion-io will likely receive a higher multiple given its product position as a top player in the sector. 

Lamba said Fusion-io will likely get a price in the $20 range if the company is awarded an acquisition multiple half that of other enterprise class sotrage vendors.

Price Target

Reiteration

Analyst Sees Fusion-io Takeover Price in $20 Range Given Western Digital, STEC Deal

Market Gainers 

	STEC (NASDAQ: <a class="ticker" href="/stock/stec#NASDAQ">STEC</a>) skyrocketed 87.05 percent to $6.71 after news that Western Digital (NASDAQ: <a class="ticker" href="/stock/wdc#NASDAQ">WDC</a>) will buy the company for around $340 million.

	Vanguard Health Systems (NYSE: <a class="ticker" href="/stock/vhs#NYSE">VHS</a>) soared 66.81 percent to $20.93 after Tenet Healthcare (NYSE: <a class="ticker" href="/stock/thc#NYSE">THC</a>) announced its plans to acquire the company for $4.3 billion including debt.

	Keynote Systems (NASDAQ: <a class="ticker" href="/stock/keyn#NASDAQ">KEYN</a>) shot up 46.71 percent to $6.31. The volume of Keynote Systems shares traded was 5255% higher than normal. Keynote agreed to be acquired by Thoma Bravo for $20.00 per share.

	Isis Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/isis#NASDAQ">ISIS</a>) traded up 20.23 percent to $26.41 after the company reported Phase 2 data on ISIS-APOCIII Rx that will reduce blood fat.

	Market Losers 

	Solazyme (NASDAQ: <a class="ticker" href="/stock/szym#NASDAQ">SZYM</a>) tumbled 16.88 percent to $10.49 after the company agreed with Roquette Frères to dissolve their joint venture, Solazyme Roquette Nutritionals LLC.

	YY (NASDAQ: <a class="ticker" href="/stock/yy#NASDAQ">YY</a>) fell 12.87 percent to $24.01 after shares traded 353 percent higher than normal last week. Analysts are still bullish on the company.

	Golden Minerals (NYSE: <a class="ticker" href="/stock/aumn#NYSE">AUMN</a>) plunged 15.46 percent to $1.34 after the company announced suspension of production at its Velardena mine as of June 21, 2013. The decision mainly aim to conserve the company asset until operating plans and prices for silver and gold indicate a sustainable cash margin for operations.

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