What Caused Linkhome Holdings (LHAI) Stock to Surge 21% in After-Hours Trading?
Stock Surge: Inspire Linkhome Holdings Inc. (LHAI) shares rose 21.54% in after-hours trading, reaching $13.60, following a 20.45% increase during the regular session.
Strategic Partnership: The company announced a partnership with Move Inc. to access nationwide Multiple Listing Service data, aiming to enhance property discovery and transaction efficiency using AI technology.
Funding Acquisition: Linkhome Mortgage secured up to $400 million in credit facilities to support residential mortgage origination and improve transaction speed and cost efficiency.
Market Performance: LHAI has seen a 98.76% increase over the past year, with a current market cap of $181.61 million, while its stock has fluctuated between a 52-week high of $22.33 and a low of $4.20.
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News Corp Launches California Post, Expanding West Coast Presence
- Newspaper Launch: News Corp debuted its new daily tabloid, California Post, this week, marking the expansion of the New York Post into the West Coast, priced at $3.75, significantly higher than the $2 for the New York Post, reflecting increased production costs.
- Market Confidence: Sean Giancola, CEO of New York Post Media Group, expressed confidence in readership growth despite the higher price, noting that millions of Californians read the New York Post online, indicating strong market demand.
- Significant Year: California Post editor-in-chief Nick Papps emphasized that 2023 will be a defining year for California, with major events like the LA mayoral and gubernatorial elections, and the tabloid aims to be at the forefront of coverage, ensuring its relevance in significant news.
- Strategic Positioning: The California Post promises a “common-sense approach” to the issues it will cover, aiming to attract a broad readership and strengthen its position in the competitive media landscape.







