Investment
Features
FeesSafety
Academy
More
Pluang+

iTonic director sued for alleged omission of manipulation risk causing 95% stock plunge

Market News
19 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

A securities class action lawsuit names Pengfei Zhang, director of iTonic Holdings Ltd, alleging he helped oversee disclosures that omitted risks of stock manipulation. This omission allegedly led to a dramatic 95% drop in iTonic's share price in one day in July 2025. The lawsuit claims the company failed to warn investors about a coordinated scheme involving false acquisition rumors. Investors who bought shares between September 2024 and July 2025 may seek recovery by September 29, 2026.

More News

SQM Q2 earnings soar 646% on record lithium sales and price recovery

SQM Q2 earnings soar 646% on record lithium sales and price recovery

Sociedad Química y Minera de Chile (SQM) reported a 646% increase in Q2 net income to $660 million, driven by record lithium sales of over 84,000 metric tons and higher lithium prices. Revenue rose 137% to $2.468 billion, surpassing analyst estimates...

Company Fundamentals
Bullish
50 minutes ago
Constellation Energy raises 2026 earnings guidance amid AI-driven power demand and new nuclear contracts.

Constellation Energy raises 2026 earnings guidance amid AI-driven power demand and new nuclear contracts.

Constellation Energy, a leading nuclear power producer, has increased its full-year 2026 earnings guidance to $12 per share, up 28% from last year. Despite a recent analyst price target cut and a broader market sell-off influenced by AI investment co...

Company Fundamentals
Bullish
2 hours ago
Marti Technologies posts 141% revenue growth but misses profit estimates in Q2 2026

Marti Technologies posts 141% revenue growth but misses profit estimates in Q2 2026

Marti Technologies reported a 141% revenue increase to nearly $20 million in Q2 2026, beating analyst expectations driven by subscription monetization and higher trip volumes. Despite this strong growth, the company posted a loss of $0.15 per share, ...

Company Fundamentals
Neutral
2 hours ago
Workday launches AI research team with new innovations amid mixed analyst ratings.

Workday launches AI research team with new innovations amid mixed analyst ratings.

Workday has established a dedicated AI Research team to develop advanced, reliable AI solutions for enterprises, achieving notable improvements in AI memory precision and task accuracy. The company also introduced a PhD Fellowship program to support ...

Market News
Bullish
2 hours ago
Abercrombie & Fitch price target raised to $118; Raymond James downgrades to Market Perform.

Abercrombie & Fitch price target raised to $118; Raymond James downgrades to Market Perform.

Telsey Advisory Group raised Abercrombie & Fitch's price target from $115 to $118, implying an 11.35% upside from the current share price of around $106. Meanwhile, Raymond James downgraded the stock from "Outperform" to "Market Perform," signaling e...

Analyst Insights
Neutral
3 hours ago
banner-footerbanner-footer

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