24/7 Market News Snapshot 29 Jan 2024
DENVER, Colo., Jan. 29, 2024 (247marketnews.com)- The following companies published announcements or are trading higher on higher-than-usual volume; SoFi Technologies Inc (NASDAQ:SOFI), Palisade Bio Inc (NASDAQ:PALI), OneMedNet Corp (NASDAQ:ONMD), Hub Cyber Security Ltd (NASDAQ:HUBC), Spectral AI Inc (NASDAQ:MDAI), and Revelation Biosciences Inc (NASDAQ:REVB).
The momentum trades are dominating this morning’s snapshot
News
SoFi Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2023 Resultst- SoFi Technologies (NASDAQ:SOFI) is trading at $8.90, up $1.28 (+16.80%), on 60.7M shares traded.
SoFi Technologies is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its more than 6.9 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like career advisors, Credentialed Financial Planners (CFP®), exclusive experiences and events, and a thriving community – on their path to financial independence.
Palisade Bio Announces Positive Preclinical Data of Lead Program PALI-2108 at the 2024 Crohn’s & Colitis Congress- Palisade Bio (NASDAQ:PALI) is trading at $1.214, up $0.69 (+131.72%), on 52.7M shares traded.
This is included in the news section, because they published an announcement this morning, but it was already flying high, on big volume, well before their PR hit the wires.
Palisade Bio is a biopharmaceutical company focused on developing novel therapeutics for serious chronic gastrointestinal diseases. The Company believes that by using a targeted approach with its novel therapeutics it will transform the treatment landscape.
Website: www.palisadebio.com.
OneMedNet Announces Participation as an Exhibitor at the 15ᵗʰ Annual SCOPE Summit- OneMedNet (NASDAQ:ONMD) is trading at $1.03, up $0.50 (+92.67%), on 20.6M shares traded.
Like Palisade, this is included in the news section, because they published an announcement this morning, but it was already flying high, on big volume, well before their PR hit the wires.
OneMedNet was the first company to trademark a RWD offering through its OneMedNet iRWD solution that utilizes AI to securely de-identify, search, and curate imaging data for the benefit of its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet integrates AI and other digital technologies into their existing development processes to enhance data anomaly detection, standardization, and quality checking at the pre-processing stage. AI offers OneMedNet’s partners and customers the ability to increase meaningful Real World Evidence output, decrease time to insights, and make the most of the available vast data sources.
Website: www.onemednet.com
This morning’s momentum movers include;
Hub Cyber Security (NASDAQ:HUBC) is trading at $2.034, up $0.354 (+21.07%), on 7M shares traded.
HUB Cyber Security Ltd (“HUB Security”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The Company specializes in unique Cyber Security solutions protecting sensitive commercial and government information. The Company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB Security operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
Website: www.hubsecurity.com
Spectral AI (NASDAQ:MDAI) is trading at $3.39, up $0.68 (+25.09%), on 5.8M shares traded.
Spectral AI, Inc. is a Dallas-based predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications involving patients with burns and diabetic foot ulcers. The Company is working to revolutionize the management of wound care by “Seeing the Unknown®” with its DeepView system. DeepView is a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound’s healing potential prior to treatment or other medical intervention. With algorithm-driven results and a goal of substantially exceeding the current standard of care in the future, DeepView is expected to provide faster and more accurate treatment insight towards value care by improving patient outcomes and reducing healthcare costs.
Website: www.spectral-ai.com.
Rail Vision (NASDAQ:RVSN) is trading at $11.04, up $1.54 (+16.21%), up 810K shares traded.
EU approval news, last week, when it was at $2.51, but originally viewed it to be better as a scalp. We correctly warned that it was outrunning its support, on Tuesday, and yesterday stated that it appeared to be squeezing after it rallied on its recent announcement that its Main Line system successfully obtained formal certifications for critical European Union (EU) railway standards.
Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality.
Website: https://www.railvision.io/
Revelation Biosciences (NASDAQ:REVB) is trading at $18.23, up $8.36 (+84.72%), on 1.6M shares traded.
Revelation Biosciences, Inc. is a life sciences company focused on harnessing the power of trained immunity for the prevention and treatment of disease using its proprietary formulation Gemini. Revelation has multiple ongoing programs to evaluate Gemini, including as a prevention for hospital acquired infection and as a prevention for acute kidney injury.
Website: www.RevBiosciences.com
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