24/7 Market News Weekly Wrap 30 Jan 2024

DENVER, Colo., Jan. 30, 2024 (www.247marketnews.com)- 24/7 Market News covered the following companies today; Remark Holdings Inc. (Nasdaq:MARK), Pixelworks Inc (NASDAQ:PXLW), Rail Vision Ltd (NASDAQ:RVSN), NexImmune (NASDAQ:NEXI), Kura Oncology Inc (NASDAQ:KURA)

Today was all about Remark and short squeezes, as well as some pops and drops.

Remark (Nasdaq:MARK) was trading flat, at around 33-cents, until it published a lunchtime tweet;

“It’s official!!!

@Microsoft

making #RemarkAI global together – $80 million initial partnership

@Azure

#ComputerVision #AI $MARK – Just in time for #SuperBowl2024

From there Remark shot almost straight up, hitting a high of $1.49 and closing at $1.25, up $0.907 (+264.43%), on trading volume of over 210M shares and still running in afterhours trading.

Remark Holdings, Inc. (Nasdaq:MARK) is the AI-powered analytics platform that brings valuable insights to the video feeds provided by current cameras and computer vision solutions through its integrated suite of AI tools that help organizations understand their customer behavior and demographics while providing real-time alerts to predetermined inspection and security parameters. Remark’s international team of sector-experienced professionals has created award-winning GDPR-compliant and CCPA-compliant video analytics solutions that service the government agencies, hospitality, public safety, retail, and transportation sectors. The company’s headquarters are in Las Vegas, Nevada, USA, with operational offices in New York and international offices in London, England.

Website: www.remarkholdings.com

Pixelworks (NASDAQ:PXLW) announced that it entered into a first of its kind multi-year agreement to expand the reach of TrueCut Motion Technology. The news popped the price to $2.44, but it dropped to close at $1.675, up $0.195 (+13.18%), on 74.2M shares traded.

Pixelworks, Inc. provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. Pixelworks’ TrueCut Motion ecosystem allows filmmakers to create visually stunning motion, scene by scene while ensuring the director’s intent is precisely delivered in cinemas or home theaters.

Website: www.pixelworks.com

Yesterday, OneMedNet (NASDAQ:ONMD) announced that it’s participating as an Exhibitor at the 15ᵗʰ Annual SCOPE Summit and the trading momentum carried over today, as OneMedNet popped to hit $2.10 and dropped to close at $1.50, up $0.13 (+9.49%), on 15.2M shares traded.

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

We’ve been covering Rail Vision (NASDAQ:RVSN) since its EU approval news, when it was at $2.51. Today, it hit a new 52-week high of $23.37 and we were hoping to see it consolidate at the $20 trading level, but it closed at $14.98, up $0.29 (+1.97%), on 23.4M shares traded.

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/

NexImmune (NASDAQ:NEXI) is another one that needs to consolidate after outrunning its support today. It topped out at $28.6949, but dropped to close at $14.73, up $5.43 (+58.39%), on 18.9M shares traded.

NexImmune is developing novel approach to immunotherapy designed to employ the body’s own T cells to generate a specific, potent, and durable immune response. The backbone of NexImmune’s approach is a proprietary Artificial Immune Modulation (AIM™) nanoparticle technology platform. The AIM technology enables NexImmune to construct nanoparticles that function as synthetic dendritic cells capable of directing a specific T cell-mediated immune response. AIM constructed nanoparticles employ natural biology to engage, activate and expand endogenous T cells in ways that combine anti-tumor attributes of antigen-specific precision, potency and long-term persistence with reduced potential for off-target toxicities. NexImmune is focused on developing injectable AIM nanoparticle constructs and modalities for potential clinical evaluation in oncology, autoimmune disorders and infectious diseases.

Website: www.neximmune.com

Kura Oncology Reports Positive Preliminary Ziftomenib Combination Data in Acute Myeloid Leukemia-

Kura Oncology (NASDAQ:KURA) flew after reporting positive preliminary Ziftomenib Combination Data in Acute Myeloid Leukemia. This is another one that we’ve devoted extensive coverage on its recent move, but it tends to move in a much more orderly fashion.

Today, Kura maxxed out at $22.92 and closed at $20.85, up $2.25 (+12.10%), 11.2M shares traded.

Kura Oncology is a clinical-stage biopharmaceutical company committed to realizing the promise of precision medicines for the treatment of cancer. The Company’s pipeline consists of small molecule drug candidates that target cancer signaling pathways. Ziftomenib is a once-daily, oral drug candidate targeting the menin-KMT2A protein-protein interaction for the treatment of genetically defined AML patients with high unmet need. Kura is currently enrolling patients in a Phase 2 registration-directed trial of ziftomenib in NPM1-m R/R AML (KOMET-001). The Company is also conducting a series of studies to evaluate ziftomenib in combination with current standards of care, beginning with ven/aza and 7+3 in NPM1-m and KMT2A-r newly diagnosed and R/R AML (KOMET-007). Tipifarnib, a potent and selective farnesyl transferase inhibitor (FTI), is currently in a Phase 1/2 trial in combination with alpelisib for patients with PIK3CA-dependent head and neck squamous cell carcinoma (KURRENT-HN). Kura is also evaluating KO-2806, a next-generation FTI, in a Phase 1 dose-escalation trial as a monotherapy and in combination with cabozantinib in clear cell renal cell carcinoma and adagrasib in KRASG12C-mutated non-small cell lung cancer (FIT-001).

Website www.kuraoncology.com

If you were looking for even less drama, Cardlytics (NASDAQ:CDLX) would have been a solid option, as it opened the morning at $7.15, reached $8.7199, and closed at $8.04, up $0.85 (+11.82%), on 2.5M shares traded.

“Cardlytics is a digital advertising platform. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in Menlo Park, New York, Los Angeles, and London.”

Website: www.cardlytics.com

Have a great evening and we’ll see you tomorrow.

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