Miguel Fernandez Castro/iStock via Getty Images Align Technology (NASDAQ:ALGN) was added as a new short idea at Hedgeye with the potential for 20% downside from current levels. “Our data suggests continued softness in ALGN’s North American GP utilization heading into 2Q24 and slight miss in 2Q24 revenue, a decent catalystContinue Reading
Hywin Holdings (NASDAQ:HYW) announces updates on its plan for strategic business transformation, which includes completely exiting the wealth management and asset management businesses by terminating the China VIE Agreements. The company’s other plans include shifting its business focus towards the technology sector and changing the company’s name to Santech HoldingsContinue Reading
Nexalin Technology (NASDAQ:NXL) announces the pricing of a public offering of 3 million shares of common stock at $1.75. The gross proceeds from the offering are expected to be approximately $5.25 million. The offering is expected to close on July 1, 2024. NXL stock fell 3.1% to $2.87 after-hours on Thursday. More onContinue Reading
Sofia, Bulgaria, June 27th, 2024, Chainwire AdEx announced the launch of its platform, repositioning as a tool primarily for Web3 advertisers looking to engage with the broader Web2 audience. The updated platform introduces several technological advancements, including the integration of Artificial Intelligence (AI) and Zero-Knowledge (ZK) privacy protocols. The AdExContinue Reading
Technip Energies (OTCPK:THNPY) and Shell Catalysts & Technologies enter into a technology transfer agreement to acquire glycol purification technology from the latter. The development allows combining Shell’s research and development results with Technip Energies’ bio-MEG technology to offer a more efficient, bio-based MEG technology to the market. The new combinedContinue Reading
Docusign (NASDAQ:DOCU) on Tuesday announced that Paula Hansen will join the company as President and Chief Revenue Officer on August 5. Most recently, Hansen served as President and Chief Revenue Officer at Alteryx. Earlier, she served in senior sales leadership roles at SAP and Cisco. Sagnik Nandy will also joinContinue Reading
MTStock Studio/E+ via Getty Images Lotus Technology (NASDAQ:LOT) has entered into a convertible bond agreement with an aggregate principal amount of approximately $110 million, through a private placement from its existing strategic shareholder, it said Monday after market. The expected funds from the investment will further strengthen the company’s cashContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Truist downgraded its rating on the Technology sector (SP500-45TR0)(XLK) to neutral from overweight on Friday following a sharp run-up by the group against the S&P 500 (SP500)(SPY). Keith Lerner, chief market strategist at Truist, said Technology has gained about 40% since it overweighted the sectorContinue Reading
