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FRNT Finl (OTC:FRFLF) Stock, Option Chain

FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

FRNT Financial Inc

D. Boral Capital analyst Jason Kolbert maintains Anavex Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) with a Buy and maintains $46 price target.

News

Price Target

Analyst Ratings

AVXL

D. Boral Capital Maintains Buy on Anavex Life Sciences, Maintains $46 Price Target

FPV Drone Infrared Lens Assemblies for European Defense Customer Expected to Drive $1.0-2.0 Million in Revenue in Calendar Year 2025
ORLANDO, Fla., Dec. 23, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4330095-1&amp;h=3171632336&amp;u=https%3A%2F%2Fwww.lightpath.com%2F&amp;a=LightPath+Technologies%2C+Inc.">LightPath Technologies, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPTH#NASDAQ">LPTH</a>) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it has begun sustained delivery of infrared lens assemblies per the terms of the October 2024 Letter of Intent ("LOI") from a European defense customer for active duty use in first-person view (FPV) drone applications.
As part of the ongoing supply agreement LOI announced in October, LightPath is supplying custom lens assemblies using LightPath's BlackDiamond glass as well as the localization of its lens assembly manufacturing to LightPath's Latvia facility to ensure supply chain stability and reliability. While the initial order is for 1,300 assemblies, LightPath management expects that with several follow-on orders throughout calendar year 2025 in-line with targeted volume commitments, this customer could represent $1.0-2.0 million in annual revenue.

Contracts

LPTH

LightPath Technologies Begins Sustained Delivery Of Infrared Assemblies To European Defense Customer; FPV Drone Infrared Lens Assemblies For Expected To Drive $1M-2M In Revenue In 2025

Ankaa-3 features a broad hardware redesign enabling superior performance. Enhancements across the technology stack include a new cryogenic hardware design, an overhaul of the qubit circuit layout, precise qubit frequency targeting with Alternating-Bias Assisted Annealing, and flexible gate architecture with precise controls. Ankaa-3 has achieved a 99.5% median two-qubit gate fidelity.
BERKELEY, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, announced today the public launch of its 84-qubit Ankaa-3 system. Ankaa-3 is Rigetti's newest flagship quantum computer featuring an extensive hardware redesign that enables superior performance. Rigetti also celebrates major two-qubit gate fidelity milestones with Ankaa-3: successfully halving error rates in 2024 to achieve a median 99.0% iSWAP gate fidelity, as well as demonstrating 99.5% median fidelity fSim gates.

RGTI

Rigetti Computing Launches 84-Qubit Ankaa-3 System; Achieves 99.5% Median Two-Qubit Gate Fidelity Milestone

JMP Securities analyst Silvan Tuerkcan reiterates enGene Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENGN#NASDAQ">ENGN</a>) with a Market Outperform and maintains $18 price target.

Reiteration

ENGN

JMP Securities Reiterates Market Outperform on enGene Holdings, Maintains $18 Price Target

Robust October and November 2024 results driven by the continued success of FlexShopper's direct-to-consumer and business-to-business growth strategies
Based on strong October and November 2024 performance, management expects the fourth quarter of 2024 to exceed financial results for the fourth quarter of 2023
BOCA RATON, Fla., Dec. 23, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/FPAY#NASDAQ">FPAY</a>), a prominent national online lease-to-own retailer and payment solutions provider, today announced record initial holiday season financial results, as the Company benefits from the continued success of its direct-to-consumer (DTC) and business-to-business (B2B) growth strategies. For the first two months of the 2024 fourth quarter, compared to the same two-month period in 2023, lease gross revenue increased 15%, and lease net revenue increased over 25%, as bad debt expense, as a percent of gross revenue declined by 600 basis points. As a result, lease gross profit increased 51% for the first two months of the 2024 fourth quarter, while lease marketing expense has declined over 40% for the same period. New loan originations increased over 34% versus the same two-month period last year.

Guidance

FPAY

FlexShopper Announces Record Q4 Start With Lease Gross Revenue Up 15%, Net Revenue Up 25%, And Gross Profit Up 51% YoY; Marketing Expenses Down 40%, New Loan Originations Up 34%

WIIM

HOVR

Horizon Aircraft shares are trading higher after the company received an $8.4 million investment.

Singular Genomics Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMIC#NASDAQ">OMIC</a>) ("Singular Genomics" or the "Company"), a company leveraging novel next-generation sequencing (NGS) and spatial multiomics technologies to empower researchers and clinicians, today announced that it has entered into a definitive merger agreement whereby an affiliate of Deerfield Management Company, L.P. will acquire Singular Genomics in an all-cash transaction for $20.00 per share.
The $20.00 per share represents 254% premium to the last closing share price for Singular's common stock prior to the September 12, 2024 public disclosure of Deerfield's initial acquisition proposal.

OMIC

Singular Genomics Enters Into Agreement To Be Acquired By Deerfield For $20 In Cash per Share

Castellum shares are trading lower after the company announced the pricing of a $3.6 million registered direct offering of 9.47 million shares at $0.38 per share.

Completed acquisition of strategic assets of Gander Group&#x2122;
Revenue expected to grow approximately 7.8% compared to the first nine months of 2023
Quincy, MA, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Stran &amp; Company, Inc. ("Stran" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWAG#NASDAQ">SWAG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWAGW#NASDAQ">SWAGW</a>), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today reported preliminary selected unaudited results for the nine months ended September 30, 2024.
"During the quarter, we continued to execute on our growth strategy, including securing significant contracts with leading customers as well as acquiring strategic assets that complement and improve our operations," commented Andy Shape, President and CEO of Stran. "Specifically, we completed the acquisition of assets of Gander Group&#x2122;, a recognized leader in casino continuity and loyalty programs, generating over $34 million in revenue in 2023. By integrating Gander Group's assets in the gaming, casino, and entertainment sectors with our established operational infrastructure and customer base, we anticipate significant cross-selling opportunities and operational efficiencies that will drive revenue growth and improve margins. While we are working to fully integrate Gander into Stran, we project our revenue to increase by approximately 7.8% to $57 million for the nine months ended September 30, 2024 compared to the same period in 2023. Importantly, we have continued to prioritize prudent expense management, maintaining a strong balance sheet with approximately $17 million in cash equivalents and investments and no long-term debt as of September 30, 2024. The reduction in cash reflects our strategic investment in the Gander acquisition and we have no need or plan to raise capital to support our operations or ongoing growth initiatives. Lastly, we are finalizing our financial statements and look forward to sharing further updates in the coming weeks."
The selected unaudited results in this press release are preliminary and subject to the completion of accounting and interim review procedures and are therefore subject to adjustment.

Earnings

SWAG

SWAGW

Stran & Company Announces Preliminary 9-Months Ended September 30, 2024 Revenue Expected To Grow ~7.8% To To $57M YoY

Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) is soaring, with shares jumping 44% pre-market after <a href="https://www.benzinga.com/24/12/42634166/rumble-stock-soars-on-775-million-investment-from-tether-what-to-know">a $775 million investment </a>from Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>).
<h2 class="wp-block-heading">Tether's Investment Boosts Rumble's Pre-Market Surge</h2>
The deal involves Tether purchasing 103.33 million shares of Rumble Class A common stock at $7.50 per share, totaling $775 million in gross proceeds. This deal marks a bold move in a sector where cryptocurrency and free speech often collide.
Rumble plans to use $250 million of the proceeds for growth initiatives, aiming to strengthen its position in the free speech video-sharing space. The remainder of the funds will be used for a self-tender offer, buying back up to 70 million shares at the same price of $7.50 each. 
CEO Chris Pavlovski emphasized the alignment between crypto and free speech.
Also Read: <a href="https://www.benzinga.com/news/global/24/12/42643821/biden-administration-initiates-trade-probe-on-chinese-legacy-chips">Biden Administration Initiates Trade Probe On Chinese &#8216;Legacy&#8217; Chips</a>
<h2 class="wp-block-heading">Rumble + Tether = Strong Partnership, Shared Values</h2>
Both Rumble and Tether share a commitment to decentralization, transparency, and free expression. Tether CEO Paolo Ardoino pointed out the increasing erosion of trust in legacy media, positioning platforms like Rumble as credible, uncensored alternatives. 
These shared values create a solid foundation for the partnership, which could transform how alternative content platforms engage with users and creators alike, he said.
<h2 class="wp-block-heading">Rumble Stock Signals Bullish, But Watch That RSI</h2>
Rumble stock is surging, fueled by the Tether investment. Its technical indicators are strongly bullish, with cautionary signs present.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23070639/Screenshot-2024-12-23-at-5.36.29-PM.png" alt="" class="wp-image-703998" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23070639/Screenshot-2024-12-23-at-5.36.29-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23070639/Screenshot-2024-12-23-at-5.36.29-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Rumble stock, at $10.32, is way above its eight-day and 20-day Simple Moving Averages (SMAs) of $8.17 and $7.76, suggesting a short-term bullish momentum. Rumble stock's 50-day and 200-day SMAs at $6.68 and $6.37 further reinforce the bullish signal in the medium to long term.
Further support for the bullish case is provided by a favorable MACD indicator of 0.53.
However, Rumble stock's Relative Strength Index sits in overbought territory at 71.96, signaling the potential for a pullback or price correction in the short term.
<h2 class="wp-block-heading">A Bold Bet For The Future Of Content</h2>
While the overbought RSI may suggest caution, momentum indicators and moving averages support a bullish outlook for Rumble stock. Tether's investment and Rumble's growth plans could further make this partnership one to watch.
With Rumble poised to capitalize on its newfound resources, investors may want to look beyond short-term volatility and focus on long-term growth.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/12/42468569/could-rumble-be-big-winner-from-trumps-ftc-commissioner-pick-been-an-invaluable-member-of-the-rumble-team">Could Rumble Be Big Winner From Trump&#8217;s FTC Commissioner Pick? &#8216;Been An Invaluable Member Of The Rumble Team&#8217;</a></li>
</ul>
Photo: Shutterstock

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$USDT

Rumble Stock Soars 44% Pre-Market: Crypto Meets Free Speech — Game-Changer Or Hype?

Rigetti Computing shares are trading higher. The company announced it has launched its 84-Qubit Ankaa 3 System and achieved 99.5% Median Two-Qubit Gate Fidelity Milestone.

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) gains significant leverage in future litigation after <a href="https://www.benzinga.com/24/12/42633922/qualcomm-bags-win-in-chips-licensing-trial-against-arm-but-the-battle-is-not-over-yet">securing a critical legal win</a> against Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), according to JPMorgan analyst Samik Chatterjee.
What The Court Said: A Delaware District Court ruled that Qualcomm's acquisition of Nuvia did not violate Arm's Architecture License Agreement (ALA), securing the designs under Qualcomm's license. 
While the verdict didn't resolve all questions about Nuvia's prior actions, it eliminates fears of canceled licenses or disruptive financial repercussions.
It also dismisses major uncertainties surrounding the license agreement with Arm and allows San Diego-based Qualcomm to continue selling and innovating on Arm&#8217;s chips without interruption.
Still, Chatterjee warns of potential future litigation from Arm and hints at possible renegotiations over financial terms for ALA extensions beyond 2033. Qualcomm has the option to renew the license for an additional five years in 2028 for just $1 million annually—a move that could be pivotal for its long-term roadmap.
Read More: <a href="https://www.benzinga.com/24/12/42633922/qualcomm-bags-win-in-chips-licensing-trial-against-arm-but-the-battle-is-not-over-yet">Qualcomm Bags Win In Chips Licensing Trial Against Arm, But The Battle Is Not Over Yet</a>
Beyond The Courtroom: Trial disclosures revealed Qualcomm's ambitious plans post-Nuvia acquisition, including four groundbreaking CPU design efforts:
<ul>
<li>Hamoa – Aimed at PCs and laptops.</li>
<li>Pakala – Targeting the smartphone market.</li>
<li>Nordschleife – Designed for automotive applications.</li>
<li>Pegasus – Focused on future computing and mobile innovations.</li>
</ul>
<ol></ol>
While these efforts showcase Qualcomm's R&amp;D prowess, Arm's potential plans to develop its own processors — possibly for Samsung — add an intriguing layer of competition.
<h2 class="wp-block-heading">Bearish Signals Dominate</h2>
Despite the legal victory, Qualcomm's stock isn't getting much love from the technical indicators. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23052409/Screenshot-2024-12-23-at-3.53.42-PM.png" alt="" class="wp-image-703803" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23052409/Screenshot-2024-12-23-at-3.53.42-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23052409/Screenshot-2024-12-23-at-3.53.42-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Trading at $152.89, QCOM stock lags below its eight-day, 20-day, 50-day, and 200-day simple moving averages—all flashing bearish signals. 
The Moving Average Convergence Divergence (MACD) at a negative 2.73 and a Relative Strength Index (RSI) of 39.6 suggest QCOM stock is nearing oversold territory, but bears remain in control.
Chatterjee maintains an &#8216;Overweight&#8217; rating for Qualcomm stock, citing its ability to navigate legal challenges and drive innovation. 
However, the road ahead could see bumps if Arm chooses to escalate disputes or Qualcomm faces challenges in renegotiating license terms.
For Qualcomm investors, the court ruling removes a major overhang, clearing the way for further innovation in Arm-based chips. 
Yet, with bearish technicals and lingering uncertainties about Arm's next moves, the stock remains a high-stakes play.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42621868/nvidia-secures-eu-approval-for-runai-deal-us-probes-china-export-breach">Nvidia Secures EU Approval For Run:ai Deal, US Probes China Export Breach</a></li>
</ul>
Image: Shutterstock

Analyst Color

Government

Long Ideas

Regulations

Legal

QCOM

Qualcomm Scores Big In Arm Lawsuit: Will Bearish Trends Back Down?

WVE-007 is a novel approach for treating obesity and is designed to silence INHBE to achieve healthy, sustainable weight loss through fat burning, muscle maintenance and the potential for once or twice-annual administration
WVE-007 is Wave's first siRNA program to enter clinical development and uses best-in-class oligonucleotide chemistry and GalNAc delivery
Wave expects to initiate the first-in-human study of WVE-007 in 1Q 2025
CAMBRIDGE, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Wave Life Sciences Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>), a clinical-stage biotechnology company focused on unlocking the broad potential of RNA medicines to transform human health, today announced the submission of its first clinical trial application (CTA) for WVE-007 in obesity. WVE-007 is an investigational GalNAc-conjugated small interfering RNA (siRNA) designed to silence Inhibin&nbsp;βE (INHBE) gene expression, which would induce fat burning (lipolysis) to decrease body weight without impacting muscle mass. Wave expects CTA approval and initiation of the first-in-human study of WVE-007 in the first quarter of 2025.

Biotech

Wave Life Sciences Announces Submission Of First Clinical Trial Application For WVE-007 In Obesity

Keybanc analyst Tim Rezvan maintains BKV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKV#NYSE">BKV</a>) with a Overweight and raises the price target from $23 to $25.

Keybanc Maintains Overweight on BKV, Raises Price Target to $25

Rumble shares are trading higher after the company announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.

As of Dec. 23, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Profire Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>)</h3>
<ul>
<li>On Nov. 6, Profire Energy posted in-line quarterly earnings. The company's stock surged around 79% over the past six months and has a <a href="https://www.benzinga.com/quote/PFIE">52-week high of $2.55</a>.</li>
<li>RSI Value: 70&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>PFIE Price Action: Shares of Profire Energy closed at $2.54 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Adams Resources &amp; Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AE#NYSE">AE</a>)</h3>
<ul>
<li>On Nov. 12, Adams Resources &amp; Energy posted better-than-expected quarterly sales. &#8220;We are encouraged by the increase in Adjusted EBITDA from crude oil marketing operations, as higher oil prices compared to the prior-year quarter more than offset the lower volumes related to our exit of the Red River operations in the fourth quarter of 2023,&#8221; said Kevin Roycraft, President and CEO of the Company. The company's stock gained around 52% over the past six months and <a href="https://www.benzinga.com/quote/AE">has a 52-week high</a> of $37.90.</li>
<li>RSI Value: 76</li>
<li>AE Price Action: Shares of Adams Resources &amp; Energy closed at $37.30 on Friday.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>

Short Ideas

Pre-Market Outlook

PFIE

Top 2 Energy Stocks That May Dip This Quarter

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/12/20/final-trades-freeport-mcmoran-columbia-banking-pg-and-target.html">Halftime Report Final Trades</a>,&#8221; Sarat Sethi of DCLA said he likes Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>).
On Oct. 22, Freeport-McMoRan reported third-quarter FY24 results. Revenue stood at $6.79 billion, beating the consensus of $6.47 billion. Copper sales totaled 1.0 billion pounds, down 7% Y/Y and 2% above the July 2024 estimate, due to the timing of shipments and lower ore grades and operating rates in <a href="https://www.benzinga.com/quote/FCX/earnings">North America</a>.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) has a 5.3% dividend yield.
On Dec. 17, UBS analyst Nicholas Holowko assumed Columbia Banking System with a Neutral rating and announced a price target of $32.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Kevin Simpson of Capital Wealth Planning named The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), which has a 2.5% dividend yield.
Procter &amp; Gamble will webcast a discussion of its second quarter earnings results on Jan. 22, 2025. Analysts expect the company to report quarterly earnings at $1.88 per share on revenue of $21.74 billion.
Stephanie Link of Hightower Advisors named Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) as her final trade.
On Dec. 20, Stifel analyst Mark Astrachan maintained Target with a Hold and raised the price target from $137 to $145.
Price Action:
<ul>
<li>Freeport-McMoRan shares gained by 1.6% to close at $38.86 on Friday.</li>
<li>Columbia Banking shares gained 3% to close at $27.19 during Friday's session.</li>
<li>Procter &amp; Gamble shares fell by 0.7% to settle at $168.06 on Friday.</li>
<li>Target gained by 0.8% to settle at $131.48 during Friday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Image generated using artificial intelligence via Midjourney

Media

COLB

Procter & Gamble, Freeport-McMoRan, Columbia Banking And A Major Retailer On CNBC's 'Final Trades'

<ul>
<li>In the largest study to date of bone and soft tissue tumors, OGM detected 100% of the variants found by multiple standard techniques, including karyotyping, fluorescent in-situ hybridization (FISH) &amp; gene fusion assays</li>
<li>OGM was also more sensitive, including detection of diagnostic or pathogenic variants missed by karyotype in 74% (14/19) of cases that failed or were negative by karyotyping</li>
<li>When OGM results and next-generation sequencing (NGS) results were combined, diagnostic and pathogenic structural variants (SVs), copy number variants (CNVs), and/or single nucleotide variants (SNVs) were found in ~98% of cases, a substantially greater rate than when karyotyping, FISH and NGS are used &nbsp;</li>
</ul>
SAN DIEGO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Bionano Genomics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNGO#NASDAQ">BNGO</a>) today announced a publication in&nbsp;Modern Pathology by a group of researchers at the&nbsp;Johns Hopkins University School of Medicine, showing that optical genome mapping (OGM) can outperform traditional techniques in analysis of bone and soft tissue tumors. Several prior publications have shown the utility of OGM compared to traditional cytogenetics in studies of hematologic malignancies, however, data on the application of OGM in solid tumors has been relatively sparse. This study provides compelling support for extending the utility of OGM in cancer beyond hematologic malignancies to solid tumors.

BNGO

Bionano Announces Publication From Johns Hopkins School Of Medicine Showing That OGM Outperformed Multiple Cytogenetic Assays In A Study Of Bone And Soft Tissue Tumor Analysis

Ormat Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah's Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing operations and development projects in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Utah's increasing demand for sustainable energy.
The newly leased acres should allow Ormat to develop two new power plants near our Cove Fort facility in Utah. Exploration work on the first plant (Cove Fort 2) is expected to begin in 2025 and, pending resource availability, we expect the project to achieve a Commercial Operation Date in 2027. The second plant (Cove Fort North) will be developed at a later stage.

Ormat Technologies Secured 1,678 Acres In Utah's Bureau Of Land Management Auction To Support Ormat's Ongoing Operations And Development Projects In The State, Further Strengthening The Co's Commitment To Advancing Renewable Energy Solutions And Meeting Utah's Increasing Demand For Sustainable Energy

Inmagene Biopharmaceuticals is a clinical stage company focused on developing IMG-007, a non-depleting anti-OX40 monoclonal antibody with an extended half-life and a silenced ADCC function
The transaction is expected to result in approximately $175 million to support further development of IMG-007, including $75 million from an oversubscribed Private Placement that will close immediately following the merger
The Financing includes both new investors such as Deep Track Capital, Foresite Capital, RTW Investments, and existing Ikena investors such as BVF Partners L.P., Blue Owl Healthcare Opportunities, Omega Funds, and OrbiMed
The transaction is expected to close in mid-2025
BOSTON and SAN DIEGO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ikena Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKNA#NASDAQ">IKNA</a>, "Ikena, "))) and Inmagene Biopharmaceuticals ("Inmagene") announced they have entered into a definitive merger agreement. In connection with the merger, Ikena has entered into subscription agreements for a $75 million private placement (the "Financing") with a syndicate that includes new investors such as Deep Track Capital, Foresite Capital, RTW Investments, and existing Ikena investors such as BVF Partners L.P., Blue Owl Healthcare Opportunities, Omega Funds, and OrbiMed. The combined company will focus on the development of IMG-007, a monoclonal antibody (mAb) targeting OX40, for the treatment of atopic dermatitis. The combined company plans to operate under the name "ImageneBio, Inc." ("ImageneBio") and trade on NASDAQ under the ticker "IMA".

IKNA

Ikena And Inmagene Enter Merger Agreement; $175M To Support IMG-007 Development, Includes $75M Private Placement; Combined Company ImageneBio To Target Atopic Dermatitis; Expected Close Mid-2025 And Trade On Nasdaq Under The Ticker "IMA"

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The surge in meme coins has prompted plenty of debate in both crypto circles as well as among more conservative investors. Indeed, the <a href="https://twitter.com/TheStalwart/status/1766868841332637850?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1766868841332637850%7Ctwgr%5Eccfe9d6a502e54a519cd8f932ab8e61140f5af49%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2024%2F03%2F11%2Fmeme-coin-mania-speculation-vs-opportunity%2F">unique appeal</a> these tokens have for investors looking for high-risk, high-reward bets has many speculators and traders attracted to these assets. Most conservative investors tend to view these tokens as not worth investing in. In many respects, I find myself in this camp.



That said, there&rsquo;s no denying the sort of impact Bitcoin&rsquo;s (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recent rise has had on all digital assets. Meme tokens are surging, and the meme mania we saw in 2021 appears to be back in full force.



For those who may be looking for signs that this mania can continue, let&rsquo;s dive into what signs exist that suggest it is as rampant as many suggest right now.



<h2>Capital Inflows Into ETFs Are Soaring</h2>



In the recent crypto frenzy, an astounding <a href="https://www.linkedin.com/pulse/crypto-mania-fuels-record-inflows-520-million-floods-blackrock-lloyd-toa3e?trk=article-ssr-frontend-pulse_more-articles_related-content-card">$520 million flooded</a> into BlackRock&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) Bitcoin ETF in one day, fueling the digital currency&rsquo;s surge past $72,000. The influx into the fund underscores the significant role ETFs play in Bitcoin&rsquo;s soaring rally, attracting a diverse group of investors. The influx of capital broadened access to Bitcoin, aligning with predictions and providing new investment opportunities for various market players.



Stephane Ouellette, CEO of FRNT Financial (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frflf-stock-quote/">FRFLF</a>), <a href="https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/">noted the significant impact</a> of BTC ETFs on the rally. Around 20% of investment advisers had approval to include the product, a process expected to unfold over a year. Now sitting at $69,000, it took about five days for the token to reach its two-year peak and close the gap between its all-time high. The vigorous activity caused outages at crypto exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) and signaled just how impressive institutional investor interest is in digital assets.



Bitcoin has surged over 55% year-to-date, outperforming other assets, even after its remarkable rise last year. According to JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) strategists, including Kenneth Worthington, the approval of new funds contributed significantly to its 2023 surge. In tandem with Bitcoin&rsquo;s rally, the $6.5 billion IBIT has witnessed 32 consecutive days of inflows. 



At the same time, Fidelity&rsquo;s FBTC has also <a href="https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/">seen consistent daily inflows since its launch,</a> accumulating $4.48 billion in net inflows overall. These inflows underscore the increasing demand for spot Bitcoin ETFs, emphasizing the appeal of trading assets through ETFs and the longstanding investor interest in Bitcoin funds.



It&rsquo;s unclear how much of the interest around higher-risk and more speculative meme coins is being driven by institutional investors. But with more capital flowing into this sector and greater liquidity seen on various exchanges, it&rsquo;s a broadly bullish sign mainstream investors are catching onto the crypto trade. For meme coin traders and speculators, that&rsquo;s a good thing.



<h2>Simple Price Appreciation From the Top Down</h2>



Bitcoin has <a href="https://qz.com/bitcoin-price-record-halving-event-etfs-1851304695">continued to surge to record highs</a> ahead of its upcoming halving event, surging above $72,000 for the first time this week. I would argue this incredible momentum seen from the world&rsquo;s largest cryptocurrency is driving top-down interest for all cryptocurrencies right now. 



As Bitcoin and other mega-cap cryptos continue to surge, investor interest in other high-growth digital assets continues to grow. We&rsquo;re seeing pretty broad-based positive moves in this space, suggestive of the idea that capital is flowing to all corners of the crypto market. For meme coin investors, this flood of interest has certainly been a good thing.



Now, not all investors will want to move out on the risk spectrum to the corner of the market that meme coins occupy. Indeed, these assets are best viewed as trading and speculative vehicles. Accordingly, the ties between this sort of top-down behavior may be weak, at best.



But I think it&rsquo;s true that there&rsquo;s something to the idea that &ldquo;crypto go up&rdquo; reflects some of the broad-based sentiment driving these meme coins higher right now. It&rsquo;s party on, and meme coin investors are partying the hardest right now.



<h2>Leveraged Short Liquidations</h2>



Some of the recent volatility we&rsquo;ve seen across the board in the crypto sector can certainly be tied to buying and selling activity in this space. Indeed, that&rsquo;s what moves most markets, though leveraged positions play a role in shaping how quickly a given asset moves (its volatility). In the crypto world, leverage is rampant, and it&rsquo;s partly what makes these assets so darn volatile over short timeframes.



Recent data from <a href="https://www.coinglass.com">Coinglass</a> shows just how rampant this leverage has been across various digital assets. Short liquidations have exceeded long liquidations during this recent rally, meaning short-sellers are seeing their leveraged bets blow up. This leads to higher prices, spurring further short liquidations and an upward spiral in prices.



To a large degree, these sorts of liquidations are a key driver many investors aren&rsquo;t necessarily focused on. Yes, there&rsquo;s a flood of capital coming into this sector. But when traders are levering up their positions up to 100x, near-term moves can be significant, especially when these bets unwind.



<h2>Bottom Line on Meme Coins</h2>



I&rsquo;m remaining on the sidelines for now when it comes to meme coins. I&rsquo;m going to acknowledge that meme coin mania is alive and well, and wish all speculators and traders well. But this just isn&rsquo;t an asset class for investors who value capital preservation. So, take out the popcorn and enjoy the action. This year is shaping up to be an interesting one, that&rsquo;s for sure.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/03/crypto-trends-2024-3-signs-that-meme-coin-mania-is-back/">Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The surge in meme coins has prompted plenty of debate in both crypto circles as well as among more conservative investors. Indeed, the <a href="https://twitter.com/TheStalwart/status/1766868841332637850?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1766868841332637850%7Ctwgr%5Eccfe9d6a502e54a519cd8f932ab8e61140f5af49%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2024%2F03%2F11%2Fmeme-coin-mania-speculation-vs-opportunity%2F">unique appeal</a> these tokens have for investors looking for high-risk, high-reward bets has many speculators and traders attracted to these assets. Most conservative investors tend to view these tokens as not worth investing in. In many respects, I find myself in this camp.



That said, there&rsquo;s no denying the sort of impact Bitcoin&rsquo;s (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recent rise has had on all digital assets. Meme tokens are surging, and the meme mania we saw in 2021 appears to be back in full force.



For those who may be looking for signs that this mania can continue, let&rsquo;s dive into what signs exist that suggest it is as rampant as many suggest right now.



<h2>Capital Inflows Into ETFs Are Soaring</h2>



In the recent crypto frenzy, an astounding <a href="https://www.linkedin.com/pulse/crypto-mania-fuels-record-inflows-520-million-floods-blackrock-lloyd-toa3e?trk=article-ssr-frontend-pulse_more-articles_related-content-card">$520 million flooded</a> into BlackRock&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) Bitcoin ETF in one day, fueling the digital currency&rsquo;s surge past $72,000. The influx into the fund underscores the significant role ETFs play in Bitcoin&rsquo;s soaring rally, attracting a diverse group of investors. The influx of capital broadened access to Bitcoin, aligning with predictions and providing new investment opportunities for various market players.



Stephane Ouellette, CEO of FRNT Financial (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frflf-stock-quote/">FRFLF</a>), <a href="https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/">noted the significant impact</a> of BTC ETFs on the rally. Around 20% of investment advisers had approval to include the product, a process expected to unfold over a year. Now sitting at $69,000, it took about five days for the token to reach its two-year peak and close the gap between its all-time high. The vigorous activity caused outages at crypto exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) and signaled just how impressive institutional investor interest is in digital assets.



Bitcoin has surged over 55% year-to-date, outperforming other assets, even after its remarkable rise last year. According to JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) strategists, including Kenneth Worthington, the approval of new funds contributed significantly to its 2023 surge. In tandem with Bitcoin&rsquo;s rally, the $6.5 billion IBIT has witnessed 32 consecutive days of inflows. 



At the same time, Fidelity&rsquo;s FBTC has also <a href="https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/">seen consistent daily inflows since its launch,</a> accumulating $4.48 billion in net inflows overall. These inflows underscore the increasing demand for spot Bitcoin ETFs, emphasizing the appeal of trading assets through ETFs and the longstanding investor interest in Bitcoin funds.



It&rsquo;s unclear how much of the interest around higher-risk and more speculative meme coins is being driven by institutional investors. But with more capital flowing into this sector and greater liquidity seen on various exchanges, it&rsquo;s a broadly bullish sign mainstream investors are catching onto the crypto trade. For meme coin traders and speculators, that&rsquo;s a good thing.



<h2>Simple Price Appreciation From the Top Down</h2>



Bitcoin has <a href="https://qz.com/bitcoin-price-record-halving-event-etfs-1851304695">continued to surge to record highs</a> ahead of its upcoming halving event, surging above $72,000 for the first time this week. I would argue this incredible momentum seen from the world&rsquo;s largest cryptocurrency is driving top-down interest for all cryptocurrencies right now. 



As Bitcoin and other mega-cap cryptos continue to surge, investor interest in other high-growth digital assets continues to grow. We&rsquo;re seeing pretty broad-based positive moves in this space, suggestive of the idea that capital is flowing to all corners of the crypto market. For meme coin investors, this flood of interest has certainly been a good thing.



Now, not all investors will want to move out on the risk spectrum to the corner of the market that meme coins occupy. Indeed, these assets are best viewed as trading and speculative vehicles. Accordingly, the ties between this sort of top-down behavior may be weak, at best.



But I think it&rsquo;s true that there&rsquo;s something to the idea that &ldquo;crypto go up&rdquo; reflects some of the broad-based sentiment driving these meme coins higher right now. It&rsquo;s party on, and meme coin investors are partying the hardest right now.



<h2>Leveraged Short Liquidations</h2>



Some of the recent volatility we&rsquo;ve seen across the board in the crypto sector can certainly be tied to buying and selling activity in this space. Indeed, that&rsquo;s what moves most markets, though leveraged positions play a role in shaping how quickly a given asset moves (its volatility). In the crypto world, leverage is rampant, and it&rsquo;s partly what makes these assets so darn volatile over short timeframes.



Recent data from <a href="https://www.coinglass.com">Coinglass</a> shows just how rampant this leverage has been across various digital assets. Short liquidations have exceeded long liquidations during this recent rally, meaning short-sellers are seeing their leveraged bets blow up. This leads to higher prices, spurring further short liquidations and an upward spiral in prices.



To a large degree, these sorts of liquidations are a key driver many investors aren&rsquo;t necessarily focused on. Yes, there&rsquo;s a flood of capital coming into this sector. But when traders are levering up their positions up to 100x, near-term moves can be significant, especially when these bets unwind.



<h2>Bottom Line on Meme Coins</h2>



I&rsquo;m remaining on the sidelines for now when it comes to meme coins. I&rsquo;m going to acknowledge that meme coin mania is alive and well, and wish all speculators and traders well. But this just isn&rsquo;t an asset class for investors who value capital preservation. So, take out the popcorn and enjoy the action. This year is shaping up to be an interesting one, that&rsquo;s for sure.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
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	The post <a href="https://investorplace.com/2024/03/crypto-trends-2024-3-signs-that-meme-coin-mania-is-back/">Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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