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Biden Blocks U.S. Steel Takeover; Rivian Surpasses EV Delivery Estimates; Tesla Faces Industry Pressure Amid Delivery Declines
Market-Moving Event Alerts
Today’s Fastest Growing Company Might Surprise You
🚨 No, it's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators.
Mode saw 32,481% revenue growth, ranking them the #1 software company on Deloitte’s 2023 fastest-growing companies list.
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*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.
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Happy new year to every one of you! StockNews.AI Team looks forward to continuing to provide better products and services to help your financial strategies.
This week, StockNews.AI identified and published 41 successful event across multiple sectors, with 3 of them triggering price movements of over 10%.
*Data captured between 12/30 00:00am - 1/3 10:00 am EDT.
*Note: The market was closed early on December 31 and remained closed on New Year’s Day.
*Penny stocks were excluded from the 10%+ price change analysis.
The highly anticipated Analytics feature, powered by an intuitive dashboard, was officially launched on December 18. Designed to help you make smarter, faster decisions, it will save you time and elevate your financial strategies. Go check it out if you haven’t done so!
Top 3 news you can’t miss for today, 1/3.
CNBC
BearishShortTermNISTFM&A
Biden blocks U.S. Steel takeover by Japan's Nippon Steel, citing national security
- President Biden blocked U.S. Steel's takeover by Nippon Steel.
- National security concerns were cited for the takeover blockage.
- U.S. Steel's stock fell nearly 8% in premarket trading.
Business Wire
BullishShortTermRIVNEarnings
Rivian Releases Q4 2024 Production and Delivery Figures and Sets Date for Fourth Quarter and Full Year 2024 Results
- Rivian produced 12,727 vehicles and delivered 14,183 in Q4 2024.
- Full-year production and delivery met 2024 guidance expectations.
- Component shortage no longer constrains production capabilities.
- Q4 financial results webcast scheduled for February 20th.
- Forward-looking statements highlight potential uncertainties in results.
Forbes
BearishShortTermTSLAIndustry News
TSLA And Nasdaq Leads To A Weak Kickoff To Start 2025
- Tesla's deliveries fell 1% in 2024, marking a significant trend reversal.
- Shares dropped 22% since December 18, signaling investor concerns.
- BYD, a Chinese EV maker, is closing the delivery gap with Tesla.
- Economic instability from debt ceiling concerns may impact investor sentiment.
- Possible dockworker strikes could escalate inflation, affecting the broader market.
Here’re the top 5 most-surged stocks this week.
*Penny stocks are not included in the list.
Business Wire
BullishShortTerm 28.35%VCSAM&A
Premier Vacation Rental Brands Casago and Vacasa Announce Strategic Merger
- Casago will acquire Vacasa at $5.02 per share, creating a strong platform.
- The merger represents a 28% premium over Vacasa's recent stock prices.
- Roofstock plans to invest and provide strategic guidance post-merger.
- The combined company aims for enhanced local and national management capabilities.
- Vacasa's public listing will end, converting it into a privately held entity.
PRNewsWire
BullishLongTerm 18.9%CCTGEarnings
CCSC Technology International Holdings Limited Reports Financial Results for the First Six Months of Fiscal Year 2025 Ended September 30, 2024
- Revenue increased by 22.9%, reaching $9.2 million in H1 2025.
- Gross profit rose by 20.5% but net loss worsened to $0.74 million.
- Establishing a new supply chain center in Serbia aims for European expansion.
- Focus on high-growth industries like new energy and robotics is strategic.
PRNewsWire
BullishLongTerm 7.69%CTOREarnings
Citius Oncology, Inc. Reports Fiscal Full Year 2024 Financial Results and Provides Business Update
- Citius Oncology received FDA approval for LYMPHIR™, targeting CTCL treatment.
- prepared to commercialize LYMPHIR in H1 2025 with extensive marketing.
- CEO noted promising trial results with LYMPHIR combined with pembrolizumab.
- Net loss increased to $21.1 million, indicating financial challenges.
- Initial market estimate for LYMPHIR exceeds $400 million and is growing.
PRNewsWire
BullishLongTerm 6.25%CTXREarnings
Citius Pharmaceuticals, Inc. Reports Fiscal Full Year 2024 Financial Results and Provides Business Update
- Citius Pharma achieved FDA approval for LYMPHIR™, enhancing market presence.
- CEO anticipates launch of LYMPHIR™ in early 2025, driving future value.
- Net loss increased to $39.4 million in FY 2024, reflecting growing expenses.
- Completed merger with TenX Keane, forming Citius Oncology for oncology focus.
- R&D expenses decreased, supporting strategy for LYMPHIR™ commercialization.
GlobeNewsWire
BullishShortTerm 5.33%JGShares Buyback
Aurora Mobile Announces Share Repurchase Program
- Aurora Mobile approved a $5 million share repurchase program.
- Repurchases will occur over 12 months starting January 1, 2025.
- Share buyback can signal company confidence and may boost stock price.
- The program could indicate strong cash reserves for funding.
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Disclaimer: The content provided in this Email should be used for informational purposes only and in no way should be relied upon for financial advice.
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