ALLR Overview

Penny Stocks to Watch: Allarity Therapeutics, Incannex Healthcare Limited, and Firefly Neuroscience are highlighted as penny stocks to monitor on August 28, 2025, based on their Dollar Volume and market activity.

Allarity Therapeutics Update: The company received Fast Track designation from the FDA for its cancer treatment stenoparib, leading to a significant stock price increase of over 11% and a Dollar Volume of $553.44 million.

Incannex Healthcare Performance: Despite a nearly 6% drop in stock price with a Dollar Volume of $351.47 million, Incannex previously announced positive Phase 2 trial results for its psilocybin-assisted therapy, which had caused a surge of nearly 26%.

Firefly Neuroscience Developments: Firefly's stock fell nearly 3% with a Dollar Volume of $226.16 million after launching its new EEG technology platform, CLEAR, which enhances data quality and processing speed for brain health solutions.

Market Overview: The article highlights significant stock market stories that investors should be aware of on Tuesday.

TipRanks Contribution: TipRanks has compiled a list of the most relevant news and updates affecting the stock market today.

Investor Insights: The content aims to provide insights and information that could influence investment decisions.

Disclaimer: There is a disclaimer regarding the information provided, indicating it may not cover all aspects of the market.

U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Nasdaq Composite up by 0.2%, while the Dow Jones dipped slightly by 0.02%. The S&P 500 also saw a minor increase of 0.10%.

Sector Movements: Industrial shares rose by 0.6%, whereas energy stocks experienced a decline of 0.6%.

Durable Goods Orders: U.S. durable goods orders fell by 2.8% in July to $302.8 billion, following a significant revised drop of 9.4% in June.

Global Market Trends: European and Asian markets closed lower, with notable declines in major indices such as Spain's IBEX 35 and Japan's Nikkei 225, reflecting a broader trend of decreasing stock values internationally.

U.S. Stock Market Performance: U.S. stocks showed mixed results with the Dow Jones down 0.1%, while NASDAQ and S&P 500 also experienced slight declines.

Sector Movements: Industrials sector saw a 0.3% increase, whereas energy stocks fell by 0.6%.

Company Earnings Reports: American Woodmark Corp reported disappointing sales, missing analyst estimates, while Allarity Therapeutics and EchoStar Corporation saw significant stock price increases due to positive news.

Global Market Trends: European and Asian markets closed lower, with notable declines in major indices, and U.S. durable goods orders decreased by 2.8% in July.