Bull&Bear | Starbox Group Holdings Leads Bullish Stocks with 40% Surge; Elastic Falls 26.49%
AInvestFriday, Aug 30, 2024 6:00 pm ET
1min read
ICG --
STBX --
YIBO --
Bullish Stocks:

Starbox Group Holdings (YIBO) rises by 40.00%. Starbox International has surged by 36.19%, making it the biggest gainer among U.S.-listed Chinese stocks.

Intchains Group (ICG) gains 28.65%, marking a two-day increase of 30.25%. The company's GAAP earnings per share stood at $0.06, while its revenue was $16.9 million, exceeding the expected $4.85 million.

QMMM Holdings (QMMM) increases by 23.58%. QMMM Holdings announced the acquisition of $8.6 million through an initial public offering.

Leslie's (LESL) rises by 20.80%, marking a two-day gain of 21.04%. Leslie’s Inc stock experienced a rebound following the disclosure of insider purchases.

MongoDB (MDB) up by 18.34%, with a two-day increase of 23.55%. MongoDB, Inc. reported its financial results for the second quarter of fiscal year 2025.

Bearish Stocks:

Elastic (ESTC) declines by 26.49%. DA Davidson lowered Elastic’s price target from $100.00 to $75.00 per share.

Astera Labs (ALAB) drops by 10.70%. Affiliates of Astera Labs plan to sell 228,100 shares, valued at approximately $9.0993 million.

B. Riley Financial (RILY) falls by 10.31%. B. Riley Financial Inc. secured creditor approval for an extension to issue overdue financial reports as the company attempts to manage over $2 billion in debt.

FreightCar America (RAIL) declines by 9.81%. Nasdaq stock RAIL surged by 31%, further pushing up the price of FreightCar America Inc., potentially introducing price risks.

Bark (BARK) drops by 8.74%. Analysts hold varied sentiments towards consumer cyclical companies such as ACV Auctions, Bark Inc. Class A, and BorgWarner.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.