Top movers | AIRE skyrockets 5000%! INVO & TGH soar on merger deal
1. $reAlpha Tech Corp.(AIRE)$, focusing on AI-powered real estate investment model, plummets 69% after IPO 5000% frenzy
$reAlpha Tech Corp.(AIRE)$ tumbled over 69% in premarket trading after surging nearly 5000% in its IPO debut.
reAlpha Tech Corp acquires and renovates single-family homes for short-term rentals on platforms like Airbnb.
They offer fractional ownership, allowing retail investors to buy minority shares in these properties.
The company manages the properties and their financial performance, aiming to democratize real estate investments using AI technology.
2. $INVO BioScience, Inc.(INVO)$ skyrockets 292.59% on merger deal with Naya Biosciences
INVO Bioscience's stock surged 292.59%% following the announcement of its merger agreement with Naya Biosciences.
In the all-stock deal, Naya shareholders will own 88% of the combined entity, diversifying INVO's business and expanding its fertility operations with new capital infusion.
3. Shipping container lessor $Textainer(TGH)$ soars 44.69% as Stonepeak tends to privatize Textainer with $2 bln
TGH stock surged 44.69% on news that infrastructure investor Stonepeak plans to take Textainer private in a deal worth over $2 billion.
The deal is expected to close in Q1 2024, pending regulatory approvals.
Textainer shareholders will receive $50 per share in cash.
After yesterday’s surge, TGH hit a record high of $49.6, very close to the offered price.
4. $Revolution Medicines, Inc.(RVMD)$ crashes 34.38% on disappointing cancer treatment results
Revolution Medicines (RVMD) stock plunged by 34.38% after disappointing phase 1 results for RMC-6236 in treating lung and pancreatic cancers.
Only 30% of non-small cell lung cancer patients showed a confirmed response, and 19.6% of pancreatic cancer patients responded. The results fell below investor expectations, causing a significant sell-off.
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