Articles for category: Small Caps

January 3, 2024

Ron Finklestien

Longboard Pharmaceuticals Faces Stock Decline A Shaky Offering: Longboard Pharmaceuticals Inc. Falters with Public Offering Announcement

Longboard Pharmaceuticals Inc LBPH shares are trading lower by 11.3% to $22.26 Wednesday afternoon after the company announced that it commenced a $150 million underwritten public offering and expects to grant the underwriters a 30-day option to purchase up to an additional $22.5 million of shares of voting common stock. Cantor and Citigroup are the lead book-running managers, while Wedbush PacGrow and H.C. Wainwright & Co. are the lead managers for this offering. The company says there can be no assurance as to whether or when the proposed offering may be completed or as to the actual size or terms

January 3, 2024

Ron Finklestien

AMA’s Game-Changing Reimbursement Codes for Psychedelic-Assisted Therapies AMA’s Game-Changing Reimbursement Codes for Psychedelic-Assisted Therapies

The American Medical Association’s recent activation of the current procedural terminology (CPT) III codes marks a significant milestone for FDA-legalized psychedelic-assisted therapies, presenting an impactful stride for physicians and other qualified healthcare providers. These temporary codes, designed to boost reimbursement and foster accessibility to psychedelic therapies in the U.S., signify a landmark development in medical coverage. The data gathered through the use of the new CPT III codes could prove instrumental in their potential transition to permanent CPT I codes, further fortifying their value for widespread coverage and reimbursement in healthcare. The unveiling of these codes in July 2023, was

January 3, 2024

Ron Finklestien

Xerox Implementing Workforce Reduction in New Operating Model

Xerox Holdings Corporation XRX witnessed a significant decline in its stock price following the announcement of a 15% workforce reduction as part of the company’s new operating model. Business Restructuring What To Know: Xerox is embarking on a business restructuring by targeting a 15% reduction in its workforce as it implements a new operating model. The workforce reduction initiative is integral to the company’s strategic move to advance its Reinvention and organizational structure. In line with this, Xerox has outlined three key priorities and intended outcomes of the Reinvention, focusing on its Core Print Business, Global Business Services, and IT

January 3, 2024

Ron Finklestien

Electric Minerals Industry In the Spotlight: Ivanhoe Electric, Cleveland-Cliffs, Olympic Steel, and TMC Lead the Charge

Ivanhoe Electric in the Future Minerals Forum Ivanhoe Electric, the avant-garde mineral and electric metals exploration company, has made headlines with its high-profile participation in the upcoming Future Minerals Forum. The company’s Executive Chairman, Robert Friedland, is set to deliver a keynote presentation at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia on Jan. 10.  Moreover, President and CEO Taylor Melvin will be part of a panel discussion centered around constructing a resilient mineral supply roadmap. The stage is set for Ivanhoe Electric’s Typhoon geophysical surveying system to be showcased and deployed during the forum. This strategic move

January 3, 2024

Ron Finklestien

Stock Market Plunges: Can the Bulls Turn the Tide?

The tumultuous start of 2024 has sent shockwaves across Wall Street, with all major stock averages bleeding red on the second trading day of the year. As the clock struck noon in New York, the tech-heavy Nasdaq 100 nosedived by 1%, pushing its two-day slump to 2.6%, without any reprieve for the blue-chip stocks of the Dow Jones, which had managed to evade losses on Tuesday. The S&P 500 index is on the brink of closing a dismal third consecutive day, a bearish stretch unseen since late October. Even small-cap stocks, the darlings of the late 2023 rally, are underperforming,