Closing Up Hot

December 12, 2024

DENVER, Colo., Dec 12, 2024 (247marketnews.com)- Siyata Mobile (NASDAQ: SYTA), ZenaTech (NASDAQ:ZENA), Trevi Therapeutics (NASDAQ: TRVI), SEALSQ Corp (NASDAQ: LAES), and Palantir (NASDAQ: PLTR), and Warner Bros. Discovery (NASDAQ: WBD)

Siyata Mobile (NASDAQ: SYTA) published a Media Advisory for a Press Conference that’s going to cover the “Important Corporate Development in STYA” and considering that some of Siyata’s recent accomplishments include more than tripling third quarter revenue to its new quarterly record, achieving stocked status at top carriers, including AT&T (NYSE: T) and T-Mobile (NASDAQ: TMUS), and rolling out a new cutting-edge technology, they must be covering a massive development.

  • With its reported outstanding share count being approximately 4.1 million, today’s volume indicates that the average share has already passed hands 7 times, or that there is a massive short that could squeeze, so today’s afterhours may get crazy with shorters looking to close out their trades.

“Siyata is in the best position it’s been in since our company’s inception, as our capital expenditures have directly improved all performance metrics, and we look forward to delivering continued successful results. Please tune into our upcoming press conference, which will highlight a next level shareholder value creation event that you surely won’t want to miss,” said Marc Seelenfreund, Siyata’s CEO.

ZenaTech (NASDAQ:ZENA) launched a Quantum Computing project that will provide real-time traffic data to the government agency and to drivers, with a goal of improving the precision, accuracy and speed of information to optimize functions such as traffic flows and routing, traffic signal management, public safety, and deployment of government services.

  • ZenaTech looks like it may be done with the recent consolidation phase and ready to ride another wave higher.

Shaun Passley, Ph.D., ZenaTech’s CEO, stated, “The Sky Traffic project is an important and exciting application of our product capabilities and team knowledge into the Quantum Computing area. Integrating quantum computing with AI-driven drones will revolutionize how we analyze and respond to complex data, enabling faster, more accurate decision-making and unlocking new possibilities in automation, efficiency, and real-time problem-solving.”

Trevi Therapeutics (NASDAQ: TRVI) reported a positive outcome from the planned sample size re-estimation (SSRE) for the ongoing Phase 2b CORAL trial in IPF patients with chronic cough, which requires no change to the current sample size for the trial, which reached 75% of the targeted enrollment, with topline results from the full trial continue to be expected in the first half of 2025.

  • Trevi set a new 52-week high of $4.60, which was almost a double top from 2022, and some of today’s inflection points look like the only real resistance, so it’s a great setup to keep an eye on.

Jennifer Good, President and CEO of Trevi Therapeutics, stated, “We are pleased that the SSRE outcome supports the continued execution of the CORAL trial with the total number of patients as originally planned. This positive SSRE outcome is reassuring and confirms the key powering assumptions of the trial design. We believe this is additional confirmation of the strong efficacy observed in the Phase 2a CANAL trial in IPF cough and is an important milestone reaffirming our belief in Haduvio’s best-in-class and first-in-class potential for patients with IPF chronic cough where there are no approved therapies.”

SEALSQ Corp (NASDAQ: LAES) stated that it is solidifying its Application Specific Integrated Circuit (ASIC) developments in partnership with IC’ALPS to address growing demand in the segment.

  • This is another one that looks like it could put the squeeze on the shorters, as today’s volume looks sure to go 8X its reported ~32.5 million shares. Again, we could be looking at a wild afterhours session.

Lucille Engels, COO of IC’ALPS, commented, “This collaboration was a true partnership, with each team bringing its own expertise and approach. Drawing on our experience, we adapted our methods to meet SEALSQ’s rigorous security standards. This partnership underlines our commitment to supporting our customers in the development of their products.”

Jean Pierre Enguent, SEALSQ’s CTO, added, “The collaboration between IC’ALPS and SEALSQ exemplifies the dynamic and innovative spirit of the French semiconductor ecosystem. This partnership showcases how mid-sized high-tech companies can unite their expertise to fast-track the development of cutting-edge products that not only meet market demands, but rival the capabilities of larger corporations. By combining agility with innovation, we are setting a benchmark for excellence in the competitive global semiconductor industry.”

Palantir (NASDAQ: PLTR) introduced its first Warp Speed cohort, yesterday, of companies “dedicated to reindustrializing America’s manufacturing and production capabilities through advanced AI and technology. The inaugural members include: Anduril Industries, L3Harris, Panasonic Energy of North America (PENA), and Shield AI.”

Shyam Sankar, CTO of Palantir Technologies, stated, “At the dawn of WW2, we didn’t have a Defense Industrial Base, we had an American Industrial Base. This is also what our future must look like—America must reindustrialize and mobilize at warp speed to win. We are proud to support Anduril, Shield AI, L3Harris, and Panasonic Energy with best-in-class software to manufacture the critical products that underwrite our freedom and prosperity.”

  • Palantir appears to have consolidated, after pulling back from its new 52-week high of $80.91.

Warner Bros. Discovery’s (NASDAQ: WBD) Board of Directors authorized a new corporate structure designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value.

Warner Bros. Discovery’s President and CEO, David Zaslav, stated, “Since the combination that created Warner Bros. Discovery, we have transformed our business and improved our financial position while providing world class entertainment to global audiences. We continue to prioritize ensuring our Global Linear Networks business is well positioned to continue to drive free cash flow, while our Streaming & Studios business focuses on driving growth by telling the world’s most compelling stories. Our new corporate structure better aligns our organization and enhances our flexibility with potential future strategic opportunities across an evolving media landscape, help us build on our momentum and create opportunities as we evaluate all avenues to deliver significant shareholder value.”

  • Warner Bros. Discovery also set a new 52-week high, $12.70, and looks ready to begin challenging some of it’s 2023 trading levels.

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