Why Cemtrex Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
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Source: Benzinga
Cemtrex, Inc. Performance: Shares of Cemtrex, Inc. rose 16.6% in pre-market trading after reporting fourth-quarter sales of $18.10 million, surpassing analyst expectations of $16.39 million.
Market Movements: Several stocks experienced significant pre-market gains and losses, with Eyenovia, Inc. gaining 135.7% and Sangamo Therapeutics, Inc. dropping 50% following various company announcements.
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About RR
Richtech Robotics Inc. is a developer of advanced robotic technologies focused on transforming labor-intensive services in hospitality and other sectors. The Company designs, manufactures and sells robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services, including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. Its products are categorized into three kinds of service automation: indoor transport and delivery, sanitation, and food and beverage automation. The majority of its robots can be characterized as Autonomous Mobile Robots (AMRs). The Company's robots include ADAM, Scorpion, Matradee, Medbot, Titan, Skylark, and DUST-E, among others. ADAM is a food and beverage automation robot developed on the NVIDIA Jetson Orin platform. Scorpion is developed on the same architecture as ADAM.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Block & Leviton Investigates Richtech Robotics for Securities Violations
- Stock Price Plunge: On January 29, 2026, shares of Richtech Robotics fell over 20% following a Hunterbrook report alleging the company misrepresented its relationship with Microsoft, directly impacting investor confidence and the company's market value.
- Collaboration Controversy: The report claimed that Richtech mischaracterized a non-commercial engagement with Microsoft as a 'close collaboration,' while Microsoft clarified that the engagement was merely a standard customer program, raising serious questions about the accuracy of the company's disclosures.
- Legal Investigation Initiated: Block & Leviton is investigating whether Richtech violated securities laws and may file actions on behalf of investors to recover losses, highlighting significant concerns regarding corporate governance and transparency.
- Investor Action Recommendation: Affected investors are encouraged to contact Block & Leviton to learn how to recover losses, demonstrating the firm's proactive stance in protecting investor rights.
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Investigation into Richtech Robotics for Securities Violations
- Stock Price Plunge: Richtech Robotics shares fell over 20% on January 29, 2026, following a Hunterbrook report alleging the company misrepresented its relationship with Microsoft, directly impacting investor confidence and market capitalization.
- False Collaboration Allegations: The report claims Richtech mischaracterized a non-commercial engagement with Microsoft's AI Co-Innovation Labs as a 'close collaboration,' while Microsoft clarified it was merely a standard customer program, raising concerns about the company's transparency.
- Legal Investigation Initiated: Block & Leviton is investigating whether Richtech violated securities laws and may file actions on behalf of investors to recover losses, highlighting the legal risks and potential financial liabilities facing the company.
- Investor Action Call: Block & Leviton urges all investors who have lost money in Richtech to contact them for recovery options, reflecting growing concerns over corporate governance and compliance issues.
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