A class action lawsuit has been filed against iTonic Holdings Ltd (formerly Pheton Holdings Ltd) accusing its officers, auditor, and IPO underwriters of orchestrating a pump-and-dump scheme. The lawsuit alleges that promoters spread false rumors, including a fake acquisition by Gilead Sciences, to inflate the stock price, which then collapsed by about 95% in one day on July 29, 2025. Investors who bought shares between September 2024 and July 2025 can seek lead plaintiff status by September 29, 2026. The case is ongoing in the Southern District of New York, with Morris Kandinov LLP representing the plaintiffs.
Scotiabank increased its price target for Palo Alto Networks to $430, suggesting a 13% upside from current levels, following a 30% surge in shares after strong Q3 results. The cybersecurity firm is expected to deliver robust Q4 performance and signif...
Fiserv faces a downgrade from Cantor Fitzgerald with a new price target of $53, down nearly 17% from its recent price of $63.80. The company cut its 2026 guidance, expecting flat to slightly negative organic growth and a 14.2% drop in earnings per sh...
BioMarin Pharmaceutical Inc. saw its stock gain momentum after Jefferies raised its price target to $105, signaling strong confidence in the biotech firm. The company secured new revenue streams through a patent settlement with Ascendis Pharma, earni...
Aehr Test Systems' CEO sold shares worth $5.2 million following a remarkable 564% increase in the company's stock price. This significant sale highlights the CEO capitalizing on the stock's strong rally. Investors may view this move as a signal about...
Zoomd Technologies Ltd. reported a second-quarter EPS of $0.01, surpassing analyst estimates of $0.0038, signaling better-than-expected profitability. Although quarterly revenue was $7.67 million, slightly below the $8.41 million forecast, the compan...
