Financial stocks moving in Friday's intraday session include Top KingWin (NASDAQ:WAI) rising 35.0% to $4.13, SWK Holdings (NASDAQ:SWKH) increasing 16.66% to $16.8, and Prestige Wealth (NASDAQ:PWM) up 16.34% to $1.21. On the losing side, Tian Ruixiang Holdings (NASDAQ:TIRX) fell 43.7% to $1.32, Innventure (NASDAQ:INV) declined 18.19% to $3.69, and Beneficient (NASDAQ:BENF) dropped 17.88% to $0.47.
Financial stocks experienced significant movements on Friday's intraday session. Top KingWin (NASDAQ:WAI) rose 35.0% to $4.13, while SWK Holdings (NASDAQ:SWKH) saw a notable increase of 16.66% to $16.8. Prestige Wealth (NASDAQ:PWM) also performed well, rising 16.34% to $1.21. On the losing side, Tian Ruixiang Holdings (NASDAQ:TIRX) fell 43.7% to $1.32, Innventure (NASDAQ:INV) declined 18.19% to $3.69, and Beneficient (NASDAQ:BENF) dropped 17.88% to $0.47.
The performance of SWK Holdings, in particular, was influenced by recent developments. Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of SWK Holdings Corporation (NASDAQ:SWKH) to Runway Growth Finance Corp. is fair to SWK shareholders
SWKH STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of SWK Holdings Corporation Is Fair to Shareholders | SiliconValley.com - Silicon Valley technology news, business news and commentary[1]. The investigation concerns whether SWK and its board of directors violated federal securities laws and/or breached their fiduciary duties to shareholders. The firm encourages shareholders to learn more about their legal rights and options.
Additionally, Runway Growth Finance Corp. has expressed interest in acquiring SWK Holdings, valuing the transaction at about $229.5 million
Dow Jones Top Company Headlines at 3 AM ET: Runway Growth to Expand in Healthcare by Acquiring SWK Holdings | Levi ...[2]. This potential acquisition could further impact the stock's performance, as shareholders weigh the fairness of the transaction and the potential benefits of the deal.
The investigation and acquisition rumors have contributed to the stock's significant increase on Friday. Investors should closely monitor these developments and consider the potential implications for SWK Holdings' future.
Comments
No comments yet