IM Cannabis Corp. announced a 30-for-1 share consolidation effective around August 27, 2026, aiming to increase its stock price and comply with Nasdaq's $1 minimum bid price rule by October 6, 2026. The consolidation will reduce outstanding shares from about 18.1 million to approximately 604,000. The company hopes this move will help maintain its Nasdaq listing, but compliance is not guaranteed. Shareholders will receive instructions for exchanging shares post-consolidation.
Grocery Outlet Holding Corp. reported a 1.1% revenue increase to $1.19 billion in Q2 2026 and an adjusted EPS of $0.20, beating analyst expectations despite a 13% EPS decline. The company is undergoing strategic restructuring, including closing 36 un...
Hesai Group reported Q2 2026 earnings with revenue of $126.9 million, slightly above expectations, driven by strong LiDAR sales. Despite an EPS of $0.01 missing the $0.08 estimate, the company achieved its fifth consecutive GAAP profitable quarter, w...
Amylyx Pharmaceuticals' stock surged 54.43% after its drug avexitide showed positive Phase 3 trial results, cutting hypoglycemic events by 55% in post-bariatric patients. UBS set a $45 price target, implying a 36% upside from current levels. The stoc...
Ondas is expanding its market and technology through acquiring Aran Defense Ltd., enhancing its autonomous and defense systems. The company reported record Q2 revenue of $83.8 million, up 67% from the previous quarter and over 13 times year-over-year...
Rare earth mining stocks like MP Materials and USA Rare Earth dropped 3-4% due to a sector-wide selloff triggered by lowered AI capital expenditure expectations. Anthropic's revenue forecasts came in below earlier estimates, and reports revealed mass...
