March 27, 2024

Axsome CRESCENDO Survey is Important Step Forward in Raising Awareness of Narcolepsy

Biopharmaceutical company, Axsome Therapeutics (Nasdaq: AXSM), has announced topline results from its CRESCENDO survey of patients with narcolepsy type 1 receiving treatment, demonstrating high rates of persistent symptoms and significant patient burden, despite being on current treatments. Axsome plans to present the detailed results of the survey at upcoming scientific meetings. Dr. Karl Doghramji, Professor… [Read More]
March 26, 2024

Retail Investors Ignite a Meme Stock Frenzy Amid High Interest Rates

As day traders eye potential gains, options trading sees a surge in activity. The retail investment community has reignited its passion for meme stocks, fueled by positive signals from the Federal Reserve, anticipated earnings from GameStop Corp.( $GME), and soaring stock prices, creating a wave of excitement among day traders. The volume of options trading… [Read More]
March 26, 2024

Comstock Resources Benefits from $100M Cash Influx from Majority Shareholder

Comstock Resources (NYSE: CRK) will benefit from a $100 million windfall as one of the company’s majority shareholders commits to a significant equity investment. Comstock announced last week that shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the company through two entities. Following the equity investment, Mr. Jones will own… [Read More]
March 26, 2024

Vocodia IPO Bolstered by Insider Investments

AI software company, Vocodia Holdings’ (CBOE: VHAI) senior management team has further demonstrated its conviction in the company’s strategic direction with significant investments in Vocodia’s February 2024 initial public offering (IPO). The company announced on Tuesday that key members of its management team had purchased common stock at the offering price of $4.25. Vocodia’s proprietary… [Read More]
March 26, 2024

PRISM Oil & Gas Spotlight: Independence Contract Drilling

Independence Contract Drilling (NYSE: ICD) is leading the PRISM Emerging Oil & Gas Index on Tuesday afternoon with gains of 10.29%. The company has performed strongly over the past seven days after announcing that its Strategic Alternatives Committee has engaged Piper Sandler & Co. as financial advisor. The committee is made up of independent directors… [Read More]
March 26, 2024

Talos Energy Divests Carbon Capture Subsidiary in $148M Deal

Innovative energy company, Talos Energy (NYSE: TALO), will sell its wholly owned subsidiary, Talos Low Carbon Solutions, to TotalEnergies E&P USA for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. The sale includes Talos’s entire carbon capture and sequestration business, including its three projects… [Read More]
March 26, 2024

PRISM Market Moves on Tuesday: Tesla Gains on Full Self Driving News; UPS Tumbles

US equities are trading higher on Tuesday at midday after stocks finished mostly lower in uneventful Monday trading. Big tech is largely higher, with Tesla ($TSLA) a notable gainer, and other outperformers include food, insurance, airlines, autos, retail, hotels/restaurants, and homebuilders. Rails, drug stores, pharma, banks, energy equipment and entertainment are underperforming. Treasuries are mostly… [Read More]
March 26, 2024

Stock Market Sees Uptick in Quarter’s Closing Days: Market Overview

As the quarter comes to a close, the stock market experiences a rebound, with the S&P 500 nearing a 10% increase for the year, potentially marking its second consecutive quarter of double-digit gains—a rarity since 1950, as noted by Bloomberg data. Amid these final days, traders navigated through economic updates, including a rise in US… [Read More]