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🫡 Here are big event alerts that have stock influences within 24 hours
GlobeNewsWire

BullishShortTerm 76.17%RELIM&A

Reliance Global Group Provides Update on Pending Spetner Acquisition

  1. Reliance Global Group, Inc. projected to double annual revenue with Spetner Associates acquisition.
  2. BenManage segment expanded to cover 85,000 employees, up from 45,000 at announcement.
  3. Acquisition expected to close in second half of 2024, largest in company's history.
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GlobeNewsWire

BullishShortTerm 72.12%LRHCM&A

La Rosa Holdings Corp Announces Plans to Acquire Controlling Interest in Red Door Title

  1. LRHC to acquire controlling interest in Red Door Title, enhancing real estate offerings.
  2. Anticipates finalizing transaction by end of July to broaden service offerings.
  3. Joe La Rosa aims to generate additional revenue streams and dominate real estate industry.
  4. Acquisition subject to definitive agreement, part of La Rosa's growth strategy.
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Business Wire

BearishShortTerm -56.24%DMTKBankruptcy

DermTech Files for Voluntary Chapter 11 Protection

  1. DermTech filed for voluntary chapter 11 protection and implemented a reduction in force.
  2. The company intends to continue laboratory operations and process orders for the DMT.
  3. Advisors for DermTech in this matter include Wilson, Sonsini, Goodrich & Rosati, PC.
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GlobeNewsWire

BullishLongTerm 20.97%FOXOM&A

FOXO Technologies Enters into Share Exchange Agreements to Acquire Healthcare Operations from Rennova Health, Inc.

  1. FOXO Technologies Inc. has entered into two share exchange agreements with Rennova Health, Inc.
  2. Myrtle Recovery Centers, Inc. and Scott County Community Hospital, Inc. generated unaudited net revenue of $18.7 million.
  3. Plans include expanding the current businesses and leveraging epigenetic technology for improved patient outcomes.
  4. Rennova's history in diagnostic testing and healthcare IT creates additional opportunities for FOXO.
  5. Rennova CEO believes the partnership will bring significant value and synergies to both companies.
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Business Wire

BearishShortTerm -12.82%VNCEEarnings

Vince Holding Corp. Reports First Quarter 2024 Results

  1. Total company net sales decreased 7.6% to $59.2 million in Q1 2024.
  2. Gross profit was $29.9 million, with an increase in gross margin rate.
  3. Income from operations was $5.6 million compared to a loss in the same period last year.
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The Motley Fool

BearishLongTerm -12.1%SPCEStock Split

Why Virgin Galactic's Reverse Stock Split Went Splat

  1. Despite a reverse stock split, Virgin Galactic's share price has dropped significantly.
  2. Company in decline due to retired spaceplane and delays in new spacecraft development.
  3. Virgin Galactic may face financial challenges ahead, needing to drain cash reserves or sell shares.
  4. Possibility of stock delisting if financial situation does not improve.
Save you 4 mins
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InvestorPlace

BearishShortTerm -10.74%CHGGLayoff

Chegg Layoffs 2024: What to Know About the Latest Chegg Job Cuts

  1. Chegg is cutting its workforce by 24%, affecting 441 employees globally.
  2. Layoffs are part of a larger restructuring plan with office closures.
  3. Chegg anticipates annual savings between $40 million to $50 million by 2025.
  4. Layoffs are due to increased competition from AI chatbots, impacting subscriber growth.
Save you 5 mins
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24/7 Wall Street

VerybullishShortTerm 8.32%CELHStock Split

1 Stock-Split Stock That Can Soar 80%, According to a Wall Street Analyst

  1. Celsius stock has gained 5,000% in 5 years with wide price swings.
  2. Analysts have a price target of $110, 80% gain from current price.
  3. Celsius beverages booming, gaining market share, attracting analyst attention.
  4. Impressive Q1 2024 financials with 37% revenue increase, doubled earnings.
  5. Celcius's rapid price history could indicate potential for large gains.
Save you 8 mins
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Business Wire

BearishShortTerm -7.15%ATRAStock Split

Atara Biotherapeutics Announces 1-for-25 Reverse Stock Split

  1. Atara Biotherapeutics, Inc. (Nasdaq: ATRA) will conduct a 1-for-25 reverse stock split.
  2. The reverse stock split aims to regain compliance with Nasdaq’s minimum bid price requirement.
  3. The number of outstanding common stock shares will be reduced to 4,904,263.
  4. Stockholders do not need to take action, and no fractional shares will be issued.
Save you 8 mins
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GlobeNewsWire

BearishLongTerm -6.43%CRMTEarnings

America's Car-Mart Reports Fourth Quarter and Fiscal Year 2024 Results

  1. Revenue for FY24 was $364.7 million, down 5.8%; SG&A down 2.5%.
  2. Interest expense increased by $4.9 million in Q4 and $27 million for FY24.
  3. Diluted earnings per share for Q4 was $0.06 vs. $0.32 in FY23.
  4. President is confident in multi-pronged approach to lower vehicle costs.
  5. Significant progress on strategic initiatives, recent acquisition of Texas Auto Center.
Save you 29 mins
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