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Tag: FAT Stock

  • After-Hour Recovery: FAT Brands’ Stock Resurgence Amidst Litigation Turmoil

    After-Hour Recovery: FAT Brands’ Stock Resurgence Amidst Litigation Turmoil

    Following a conspicuous downturn during regular trading hours, shares of FAT Brands Inc. (NASDAQ: FAT) exhibited signs of recovery during after-hours trading last Friday. The extended session witnessed a commendable 10.15% upsurge in FAT stock, reaching $5.97, countering the prior session’s 28.50% loss. This oscillation in FAT Brands’ stock value coincided with the emergence of a legal matter.

    Litigation Allegations And Corporate Response

    Brian Hennigan, representing FAT Brands as Counsel at Hueston Hennigan LLP, released a statement addressing the company’s notification of indictment on two counts of violating SOX 402. These charges pertain to the facilitation of approximately $2.65 million in loans to Andy Wiederhorn.

    These claims were strongly denied by FAT Brands, who described them as unprecedented, unfair, unjustified, and baseless. The corporation emphasized that the alleged behavior occurred more than three years ago and emphasized its complete cooperation with the inquiry. Asserting its commitment to defend against the charges, FAT Brands expressed a desire for a fair resolution.

    Notwithstanding these legal issues, FAT Brands emphasized how much it has grown since going public, with 18 brands, $2.5 billion in sales globally, and 2,300 locations—a success that benefits both investors and franchisees.

    Extending Views

    In a well-thought-out move, FAT Brands has disclosed ambitions to grow its Hurricane Grill & Wings brand into the renowned Six Flags establishments through Hurricane Grill & Wings. Hurricane Grill & Wings, which is well-known for its relaxed atmosphere and award-winning wings, is set to open this summer at Six Flags Great Escape Lodge in Queensbury, New York.

    This move demonstrates FAT Brands’ successful collaboration with Six Flags and its dedication to growing into unconventional spaces. Hurricane Grill & Wings is a notable growth, especially in the upstate area, to the New York state market.

    Notably, this endeavor becomes FAT Brands’ third brand within Six Flags amusement parks, following in the footsteps of Johnny Rockets and Fatburger. Ever since it began collaborating with Six Flags after Johnny Rockets was acquired in 2020, the relationship has benefited both parties.

  • Pre-Market Cues: 30 Stocks Roaring for Change On December 14th

    Sonoma Pharmaceuticals Inc. (SNOA) stock plunged -7.53% to $8.1 in the pre-market trading after reporting partnership with Crown Laboratories to launch Microcyn® technology-based anti-itch over-the-counter products.

    Livent Corporation (NYSE: LTHM) shares are trading up 3.6% at $17.0 at the time of writing. Company’s 52-week ranged between $3.95 to $17.53. Analysts have a consensus price target of $16.50.

    Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX) shares are trading down -5.45% at $2.95 at the time of writing after declaring offering of common stock. Company’s 52-week ranged between $1.03 to $5.31.

    NextDecade Corporation (NEXT) is down more than -7.25% at $3.2 in pre-market hours Monday December 14, 2020. The stock had jumped over 38.00% to $3.45 in the last trading session.

    FAT Brands Inc. (FAT) tumbled over -4.06% at $7.57 in pre-market trading today following the announcement from the company that it has entered into an agreement to combine with Fog Cutter Capital Group Inc. (FCCG), the Company’s controlling stockholder.

    Recro Pharma Inc. (REPH) stock soared 3.21% to $3.05 in the pre-market trading. The most recent rating by Stephens, on October 17, 2019, is an Overweight.

    Ampio Pharmaceuticals Inc. (AMPE) stock moved up 3.33 percent to $1.55 in the pre-market trading.

    ReTo Eco-Solutions Inc. (RETO), a Building Materials company, rose about 3.91% at $0.665 in pre-market trading Monday.

    Yiren Digital Ltd. (YRD) lost over -5.36% at $3.0 in pre-market trading Monday December 14, 2020. The firm recently announced that it has entered into two collaborative research agreements to explore new clinical indications for its immunomodulatory drug, Ampion™.

    Before the trading started on December 14, 2020, Sabre Corporation (SABR) is up 3.46% to reach $11.35. It has been trading in a 52-week range of $3.30 to $23.25.

    NantHealth Inc. (NH) is up more than 1.74% at $3.5 in pre-market hours Monday December 14, 2020. The company recently presented during a poster session at the San Antonio Breast Cancer Symposium (SABCS) new significant findings around the adoption of trastuzumab biosimilars in the treatment of HER2-positive breast cancer and the potential clinical and cost benefits of biosimilars. The stock had jumped over 22.42% to $3.44 in the last trading session.

    Torchlight Energy Resources Inc. (TRCH) stock soared 15.79% to $0.88 in the pre-market trading. The most recent rating by ROTH Capital, on March 13, 2020, is a Neutral.

    NIO Limited (NYSE: NIO) shares are trading down -6.38% at $39.3 at the time of writing following the announcement of pricing of offering of 68,000,000 American Depositary Shares. Company’s 52-week ranged between $2.11 to $57.20. Analysts have a consensus price target of $59.

    Lightbridge Corporation (LTBR) is down more than -2.4% at $3.66 in pre-market hours Monday December 14, 2020. The stock had jumped over 12.28% to $3.75 in the last trading session.

    Foresight Autonomous Holdings Ltd. (FRSX) stock moved up 2.31 percent to $1.77 in the pre-market trading after its affiliate, Rail Vision Ltd., has received an order from Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX), for two samples of their light rail vehicle (LRV) system.

    Before the trading started on December 14, 2020, Hennessy Capital Acquisition Corp. IV (HCAC) is up 2.32% to reach $20.75. It has been trading in a 52-week range of $9.21 to $22.43.

    Inseego Corp. (INSG) stock soared 10.36% to $15.18 in the pre-market trading after reporting that the company is expanding its global footprint in Japan with the launch of its industry-leading 5G MiFi® M2000 mobile hotspot. The most recent rating by ROTH Capital, on August 06, 2020, is a Neutral.

    Mechel PAO (MTL) is down more than -3.66% at $1.84 in pre-market hours Monday December 14, 2020. The stock had jumped over 11.05% to $1.91 in the last trading session.

    JinkoSolar Holding Co. Ltd. (NYSE: JKS) shares are trading up 3.58% at $54.9 at the time of writing after declaring an update to 2020 annual general meeting agenda. Company’s 52-week ranged between $11.42 to $90.20. Analysts have a consensus price target of $55.

    Before the trading started on December 14, 2020, CureVac N.V. (CVAC) is up 6.7% to reach $125.99. It has been trading in a 52-week range of $36.15 to $151.80.

    Xeris Pharmaceuticals Inc. (XERS) grew over 2.84% at $4.7 in pre-market trading today after recent proclamation from company that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has adopted a positive Opinion for Ogluo™ (glucagon).

    Teligent Inc. (NASDAQ: TLGT) shares are trading up 85.54% at $1.17 at the time of writing. Company’s 52-week ranged between $0.46 to $6.46. Analysts have a consensus price target of $2.

    Marathon Patent Group Inc. (MARA) gained over 15.58% at $5.49 in pre-market trading Monday December 14, 2020. The firm recently announced a contract with Bitmain to purchase 10,000 Antminer S-19j Pro ASIC Miners.

    Sundial Growers Inc. (NASDAQ: SNDL) shares are trading up 4.64% at $0.53 at the time of writing after reporting that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market. Company’s 52-week ranged between $0.14 to $3.88.

    Neos Therapeutics Inc. (NEOS) tumbled over -5.61% at $0.6532 in pre-market trading today. The company and Aytu BioScience, Inc. (AYTU) recently declared that they have entered into a definitive merger agreement pursuant to which Neos will merge with a wholly owned subsidiary of Aytu in an all-stock transaction.

    Arbutus Biopharma Corporation (ABUS), a Biotechnology company, rose about 6.14% at $4.15 in pre-market trading Monday. The healthcare firm lately declared additional clinical data from an ongoing Phase 1a/1b clinical trial (AB-729-001) with AB-729, its proprietary GalNAc delivered RNAi compound.

    Greenwich LifeSciences Inc. (GLSI) lost over -16.07% at $47.0 in pre-market trading Monday December 14, 2020 following the publication of a second poster for the GP2 Phase III clinical trial design for recurring breast cancer at the San Antonio Breast Cancer Symposium (SABCS) in a virtual format.

    Veru Inc. (VERU) is up more than 19.12% at $7.57 in pre-market hours Monday December 14, 2020 following the company revealed positive Phase 2 clinical trial results for enobosarm, for the treatment of endocrine and chemotherapy resistant ER+/HER2- metastatic breast cancer. The stock had jumped over 6.45% to $6.36 in the last trading session.

    NanoVibronix Inc. (NAOV) stock plunged -6.36% to $1.03 in the pre-market trading after reporting that it has expanded and replaced its original distribution agreement with Ultra Pain Products, Inc..

    SELLAS Life Sciences Group Inc. (NASDAQ: SLS) shares are trading down -11.23% at $7.43 at the time of writing following the pricing of $16.2 million registered direct offering. Company’s 52-week ranged between $1.46 to $19.38.

  • Stocks to Watch Even as Market Sentiment Points to a Flat Trading Day

    Stocks to Watch Even as Market Sentiment Points to a Flat Trading Day

    The markets are set for a flat start this morning. On one hand, investors are looking forward to the entry of a COVID-19 vaccine, which could help rejuvenate the economy. Even before the vaccine comes, the markets are projecting an end to the lockdowns that have now become a part and parcel of life. However, there are concerns about a delay in a stimulus package deal between democrats and republicans.

    Yesterday, Treasury Secretary Steven Mnuchin stated that the White House would not relent in its push for the $1 trillion package that has been offered by republicans. The market will also be waiting for data from the Labor Department on weekly insurance claims for unemployment.

    The data is expected to paint the picture of a weakened economy, with the expectation that an additional 1.1 million Americans filed for unemployment claims last week. If these numbers come out worse, they could see the market flat-line or drop in Thursday’s session. Despite this mixed sentiment, there are stocks that are showing strong upside momentum this morning. Some of the top performers pre-market are:

    NTN Buzztime Inc. [NYSE: NTN]

    NTN Buzztime is a top performer this morning and is up by over 70% pre-market. This follows the company’s announcement that it had entered into a merger agreement with ImmunoTherapeutics LLC. The company stated that if shareholders approve the deal, Brooklyn will merge with a company that is wholly-owned by NTN Buzztime and that deal will be all-stock.

    If it is approved, the deal will be closed in Q4 of 2020. Commenting on the deal, NTN CEO Allen Wolff said that it was an indication of the company’s commitment to continually give value to shareholders. He added that the company was open to the idea of selling assets to facilitate the combined entity thrive. Commenting on the deal, Brooklyn CEO Ron Guido stated that the merger offered them an opportunity to have the company trade publicly and gain exposure to a wider number of investors. This deal could see the value of this stock rise in the day as the news filter into the market.

    Fat Brands Inc. [NASDAQ: FAT]

    Fat Brands Inc. is another top performer this afternoon and is up by over 200%. This follows news that the company had agreed to buy Johnny Rockets, a restaurant chain for $25 million. The company has stated that it is funding the deal in cash and from money in its securitization facility. The deal is expected to conclude next month. Given the potential revenues that the company could make, Fat Brands could end the day as a top performer.

    Sundial Growers Inc. [NASDAQ: SNDL]

    Sundial Growers Inc. is in the green pre-market and is up b 20%. This comes as investors await the company’s Q2 results at markets close. The strong momentum could be an indicator that investors expect the company to outperform projections. It will an interesting stock to watch in the day.