Investment
Features
FeesSafety
Academy
More
Pluang+

Forward Industries shares drop 4% after $25M share sale to boost Solana holdings

Company Fundamentals
23 Sep 2026
Proactive Investors
View Source
Bearish
Forward Industries shares drop 4% after $25M share sale to boost Solana holdings

Forward Industries announced a $25 million registered direct offering, selling 3.125 million shares at $8 each, about 7% below the previous closing price. The company plans to use the proceeds to buy more SOL cryptocurrency and expand its digital asset treasury, aiming to increase SOL per fully diluted share. Despite the share price drop of over 4% to $8.21, the stock remains above the offering price. This move follows a strong 67% stock gain over the past month as Forward Industries continues to grow its Solana-focused digital asset strategy launched in 2025.

Forward Industries shares and their recent offering provide context for today's broader market activity on Pluang as of Sep 23, 2026 20:41 WIB. Of 150 priced US stocks tradable on Pluang, 53 rose and 97 fell. Notable movers include Opendoor Technologies Inc at USD 2.62 with a 1-day change of -5.07% and Pluang order activity of 81% Sell / 19% Buy, Gold Fields Limited at USD 40.93 down 4.73% with 35% Sell / 65% Buy, and Lucid Group Inc at USD 4.14 down 4.17% with 98% Sell / 2% Buy.

More News

GE Aerospace stock could rise 35% as analysts highlight strong backlog and new engine orders.

GE Aerospace stock could rise 35% as analysts highlight strong backlog and new engine orders.

Jefferies analysts set a new price target of $435 for General Electric Aerospace, implying a 35% upside from its current price of around $321. GE Aerospace's strong position is supported by a $170 billion commercial services backlog and 80,000 aircra...

Analyst Insights
Bullish
2 hours ago
BNP Paribas cuts PepsiCo price target to $161, citing demand challenges but keeps Outperform rating.

BNP Paribas cuts PepsiCo price target to $161, citing demand challenges but keeps Outperform rating.

BNP Paribas lowered its price target for PepsiCo from $183 to $161 on September 23, 2026, due to ongoing demand challenges in North America. Despite the cut, the firm maintained an Outperform rating, indicating confidence in the stock's potential. Th...

Analyst Insights
Bearish
3 hours ago
Celldex's price target jumps to $88 after positive Phase III trial for chronic urticaria drug.

Celldex's price target jumps to $88 after positive Phase III trial for chronic urticaria drug.

Celldex Therapeutics saw its price target raised from $70 to $88 by Leerink Partners following successful Phase III trial results for its drug barzolvolimab treating chronic spontaneous urticaria (CSU). The trials met all primary endpoints, showing l...

Analyst Insights
Bullish
3 hours ago
Ero Copper stock holds steady with a raised price target amid plans to boost production by 2028.

Ero Copper stock holds steady with a raised price target amid plans to boost production by 2028.

Ero Copper, a major copper producer, shows stock volatility between $16.88 and $40.83 over the past year. Analyst firm CIBC maintained a "Neutral" rating but increased the price target to C$56.00, reflecting optimism about the company's long-term gro...

Analyst Insights
Bullish
3 hours ago
Cintas reports strong Q1 with EPS $1.39 and revenue up 10.9%, beating estimates.

Cintas reports strong Q1 with EPS $1.39 and revenue up 10.9%, beating estimates.

Cintas Corporation posted robust first-quarter results, surpassing analyst expectations with earnings per share of $1.39 and revenue of $3.01 billion, a 10.9% increase year-over-year. The company's organic revenue growth was 8.9%, reflecting solid bu...

Company Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App