Investment
Features
FeesSafety
Academy
More
Pluang+

iTonic shares plunge 95%, triggering securities class action over alleged undisclosed manipulation risks.

Market News
10 Sep 2026
PRNewsWire
View Source
Bearish
iTonic shares plunge 95%, triggering securities class action over alleged undisclosed manipulation risks.

iTonic Holdings Ltd shares collapsed about 95% in one session on July 29, 2025, after repeated NASDAQ halts, prompting a securities class action lawsuit. The suit alleges that iTonic and its underwriters failed to warn investors about a known risk of microcap stock manipulation, including fabricated acquisition rumors similar to patterns seen in other foreign microcap offerings. Investors who bought shares between September 5, 2024, and July 29, 2025, may be eligible to recover losses. The case is ongoing, with a lead plaintiff application deadline set for September 29, 2026.

More News

RH Q2 earnings hit by housing market woes and expansion costs, EPS seen dropping sharply.

RH Q2 earnings hit by housing market woes and expansion costs, EPS seen dropping sharply.

RH is set to report Q2 2026 earnings facing challenges from a weak housing market and international expansion expenses. Analysts expect earnings per share to fall significantly to between $0.38 and $0.46, down from $2.93 last year, despite a slight r...

Company Fundamentals
Bearish
25 minutes ago
Chewy shares drop 10.8% despite in-line Q2 results and raised 2026 sales forecast.

Chewy shares drop 10.8% despite in-line Q2 results and raised 2026 sales forecast.

Chewy reported Q2 results largely in line with expectations, with net sales up 7.3% to $3.33 billion and adjusted earnings matching forecasts at $0.36 per share. However, shares fell 10.8% due to concerns about slowing organic growth, cautious consum...

Company Fundamentals
Bearish
1 hour ago
Macy's Q1 earnings beat estimates; raises full-year sales forecast on strong brand growth

Macy's Q1 earnings beat estimates; raises full-year sales forecast on strong brand growth

Macy's reported Q1 earnings per share of $0.40, exceeding the $0.37 estimate, with revenue of $4.87 billion beating expectations. Growth was driven by strong sales in Bloomingdale's, Bluemercury, and Macy's stores. The company raised its full-year ne...

Company Fundamentals
Bullish
1 hour ago
Tyson Foods' price target cut amid beef segment losses and legal probe.

Tyson Foods' price target cut amid beef segment losses and legal probe.

Tyson Foods faces operational challenges, especially in its beef segment, leading Piper Sandler to cut its price target from $78 to $66. The company lowered its 2026 revenue growth forecast to 1.5%-2% and expects a beef segment operating loss between...

Market News
Bearish
2 hours ago
Descartes Systems reports Q2 earnings, expands with $120M Extensiv acquisition to boost e-commerce logistics.

Descartes Systems reports Q2 earnings, expands with $120M Extensiv acquisition to boost e-commerce logistics.

Descartes Systems Group is set to release its Q2 2027 earnings with analysts expecting $0.57 EPS and $197.54 million revenue. The company recently acquired Extensiv for $120 million, enhancing its warehouse and fulfillment solutions for e-commerce an...

Company Fundamentals
Bullish
2 hours ago
banner-footerbanner-footer

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