CASI Overview

Dayforce Inc Acquisition Talks: Shares of Dayforce Inc rose 21.4% in pre-market trading following reports that Thoma Bravo is in discussions to acquire the company.

Notable Gainers: Other stocks experiencing significant gains include Propanc Biopharma (up 253%), Adaptimmune Therapeutics (up 70.3%), and DIH Holding US (up 43.4%).

Significant Losers: TPI Composites saw a drastic decline of 51.1%, while SRx Health Solutions and Empery Digital also faced notable drops of 25.8% and 22.2%, respectively.

Market Overview: The article highlights various stocks' movements in pre-market trading, showcasing both substantial gainers and losers, reflecting market volatility.

Premarket Trading Activity: Notable activity is observed in premarket trading as of 6.50 a.m. ET on Monday, indicating potential opportunities before the market opens.

Importance for Traders: Premarket trading allows active traders to identify possible breakouts, reversals, or price swings, making it crucial for analyzing momentum heading into the regular session.

Stocks Performance: Some stocks are showing significant percentage increases while others are experiencing notable declines during Monday's premarket session.

Author's Perspective: The views expressed in the article reflect the author's opinions and do not necessarily represent those of Nasdaq, Inc.

Earnings Performance: Xenetic Biosciences reported a quarterly loss of $0.45 per share, better than the expected loss of $0.64, marking a 29.69% earnings surprise; however, revenues of $0.59 million fell short of estimates by 7.81%.

Market Outlook: The company's stock has underperformed with a 30.8% decline this year, and its future performance will depend on management's commentary and revisions to earnings estimates, currently rated as Zacks Rank #3 (Hold).

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CASI Pharmaceuticals Proposal: CASI Pharmaceuticals Inc. announced that its Special Committee received an updated non-binding proposal from CEO Dr. Wei-Wu He to acquire the company's operations in China for $20 million, which includes assuming $20 million in debt and rights to certain products in Asia.

Evaluation of Proposal: The board has formed a Special Committee to evaluate this proposal and other strategic options, emphasizing that no decisions have been made yet and there is no guarantee that a definitive agreement will be reached.

Casi Pharmaceuticals Filing: Casi Pharmaceuticals (CASI) has filed a $200 million mixed securities shelf registration, allowing them to raise capital through various types of securities.

Recent Performance and News: The company is currently facing challenges, including a license termination dispute regarding Evomela® and mixed financial results for Q3 2024, with an EPS of 55 cents compared to a loss of 35 cents last year.