Lixiang Education plans to implement ADS ratio change
ADS Ratio Change Announcement: Lixiang Education plans to change the ratio of its American depositary shares (ADS) from one ADS for ten ordinary shares to one ADS for one hundred ordinary shares, effective around September 30, 2024.
Impact on ADS Holders: This change will effectively act as a one-for-ten reverse ADS split for current ADS holders.
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Alert: The Bear Cave Targets These Pump-And-Dump Stocks: QMMM, Cuprina, Pitanium, Mint, and Others
Warning of Pump-and-Dump Schemes: Edwin Dorsey, author of "The Bear Cave," has highlighted a surge in pump-and-dump stock schemes targeting thinly traded China-based stocks, with specific stocks like QMMM and Cuprina Holdings experiencing extreme price volatility.
Evidence of Manipulation: Stocks mentioned in Dorsey's report have shown significant price increases without substantial news, indicating potential manipulation, prompting Dorsey to launch a website to gather evidence against the scammers.
INVESTOR ALERT: Morris Kandinov LLP Investigating PTHL, EDHL, CIGL, and LXEH; Stockholders are Encouraged to Contact the Firm
Investigation of Pump-and-Dump Schemes: Morris Kandinov LLP is investigating claims from victims of pump-and-dump schemes involving several companies, including Pheton Holdings Ltd and Everbright Digital Holding Limited, where scammers posed as financial advisors in WhatsApp groups.
Contingency Fee Representation: The law firm offers representation on a contingency fee basis, meaning victims do not pay fees or expenses upfront, and they encourage affected individuals to reach out for legal assistance.
Obscure Chinese Stock Scams Dupe American Investors by the Thousands
Investment Scam Overview: Braden Lindstrom, a college professor, was scammed out of $80,000 by an impersonator posing as a financial adviser, leading him to invest in Jayud Global Logistics, a small Chinese company whose stock price dramatically crashed after initially rising.
Market Manipulation Concerns: Wall Street experts highlight that this type of scam is common with small Chinese stocks, which are often susceptible to manipulation and easily accessible to U.S. investors.
Why Porch Group Shares Are Trading Higher By Over 21%; Here Are 20 Stocks Moving Premarket
Porch Group Financial Results: Porch Group, Inc. shares surged 21.4% in pre-market trading after reporting better-than-expected first-quarter earnings of 8 cents per share and sales of $104.75 million, along with raising its FY25 sales guidance above estimates.
Market Movers: Several stocks experienced significant movements in pre-market trading, including Magic Empire Global Limited (+77.3%), CuriosityStream Inc. (+24.2%), and notable declines for Vast Renewables Limited (-62.5%) and WW International, Inc. (-46.8%).
Nasdaq Tumbles Over 400 Points; Netflix Posts Upbeat Earnings
Market Performance: U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 400 points and the Dow and S&P 500 also falling significantly. Consumer discretionary shares saw a notable decrease of 3%.
Company Highlights: Netflix reported better-than-expected first-quarter results, while Upexi, Inc. shares surged by 560% after a private placement announcement. Conversely, Thunder Power Holdings faced a 60% drop due to a delisting notice from Nasdaq.
Why Netflix Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
Netflix's Financial Performance: Netflix shares rose 3% in pre-market trading after reporting stronger-than-expected first-quarter results, with projected second-quarter revenue of $11.04 billion and earnings per share of $6.61.
Market Movements: Several stocks saw significant pre-market movements, including SHF Holdings up 79% due to a new partnership, while American Assets Trust fell 58% ahead of its earnings announcement.
Alert: The Bear Cave Targets These Pump-And-Dump Stocks: QMMM, Cuprina, Pitanium, Mint, and Others
Warning of Pump-and-Dump Schemes: Edwin Dorsey, author of "The Bear Cave," has highlighted a surge in pump-and-dump stock schemes targeting thinly traded China-based stocks, with specific stocks like QMMM and Cuprina Holdings experiencing extreme price volatility.
Evidence of Manipulation: Stocks mentioned in Dorsey's report have shown significant price increases without substantial news, indicating potential manipulation, prompting Dorsey to launch a website to gather evidence against the scammers.
INVESTOR ALERT: Morris Kandinov LLP Investigating PTHL, EDHL, CIGL, and LXEH; Stockholders are Encouraged to Contact the Firm
Investigation of Pump-and-Dump Schemes: Morris Kandinov LLP is investigating claims from victims of pump-and-dump schemes involving several companies, including Pheton Holdings Ltd and Everbright Digital Holding Limited, where scammers posed as financial advisors in WhatsApp groups.
Contingency Fee Representation: The law firm offers representation on a contingency fee basis, meaning victims do not pay fees or expenses upfront, and they encourage affected individuals to reach out for legal assistance.
Obscure Chinese Stock Scams Dupe American Investors by the Thousands
Investment Scam Overview: Braden Lindstrom, a college professor, was scammed out of $80,000 by an impersonator posing as a financial adviser, leading him to invest in Jayud Global Logistics, a small Chinese company whose stock price dramatically crashed after initially rising.
Market Manipulation Concerns: Wall Street experts highlight that this type of scam is common with small Chinese stocks, which are often susceptible to manipulation and easily accessible to U.S. investors.
Why Porch Group Shares Are Trading Higher By Over 21%; Here Are 20 Stocks Moving Premarket
Porch Group Financial Results: Porch Group, Inc. shares surged 21.4% in pre-market trading after reporting better-than-expected first-quarter earnings of 8 cents per share and sales of $104.75 million, along with raising its FY25 sales guidance above estimates.
Market Movers: Several stocks experienced significant movements in pre-market trading, including Magic Empire Global Limited (+77.3%), CuriosityStream Inc. (+24.2%), and notable declines for Vast Renewables Limited (-62.5%) and WW International, Inc. (-46.8%).
Nasdaq Tumbles Over 400 Points; Netflix Posts Upbeat Earnings
Market Performance: U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 400 points and the Dow and S&P 500 also falling significantly. Consumer discretionary shares saw a notable decrease of 3%.
Company Highlights: Netflix reported better-than-expected first-quarter results, while Upexi, Inc. shares surged by 560% after a private placement announcement. Conversely, Thunder Power Holdings faced a 60% drop due to a delisting notice from Nasdaq.
Why Netflix Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
Netflix's Financial Performance: Netflix shares rose 3% in pre-market trading after reporting stronger-than-expected first-quarter results, with projected second-quarter revenue of $11.04 billion and earnings per share of $6.61.
Market Movements: Several stocks saw significant pre-market movements, including SHF Holdings up 79% due to a new partnership, while American Assets Trust fell 58% ahead of its earnings announcement.
