Author: Multibagger News

Insider Trading Alert: Eliem Therapeutics (NASDAQ:ELYM) Executive Sells $730,000 Worth of Shares Eliem Therapeutics, Inc. (NASDAQ:ELYM) has recently witnessed a significant stock transaction by one of its top executives, Valerie Morisset. The Executive Vice President of Research & Development and Chief Scientific Officer sold a total of 105,931 shares over three days, amounting to over $730,000 in sales. The insider transactions occurred between July 9 and July 11, 2024, with Morisset selling shares at prices ranging from $6.66 to $7.11 per share. Despite the sales, Morisset still holds a substantial amount of 344,683 shares in the company, indicating continued confidence…

Air Incheon Poised to Revolutionize South Korea’s Air Cargo Market with Asiana Acquisition: A Deep Dive into the Future of Freight By Lisa Barrington SEOUL (Multibagger) – In a strategic move set to make waves in the air cargo industry, Air Incheon is on the verge of becoming South Korea’s second-largest freight carrier. This transformation hinges on its impending acquisition of Asiana Airlines’ cargo division, a move that could reshape the logistics landscape across Asia and beyond. The European Union’s competition regulator recently approved Air Incheon, a niche cargo carrier operating with a modest fleet of four Boeing 737s, as…

Trump and Orban Discuss “Possibilities of Peace” in Meeting at Mar-a-Lago Hungarian Prime Minister Viktor Orban met with Donald Trump at Trump’s Mar-a-Lago home in Florida to discuss the “possibilities of peace” amid Orban’s self-styled “peace mission” involving visits to Kyiv, Moscow, and Beijing. Orban’s meeting with Russian President Vladimir Putin in Moscow has drawn criticism from NATO allies, who are concerned about legitimizing Putin amidst the conflict in Ukraine. Despite Orban’s efforts, Ukrainian President Volodymyr Zelenskiy has dismissed Orban’s ambition to play peacemaker, emphasizing the importance of Ukraine’s involvement in any peace negotiations. Orban’s peace mission has also faced…

ZUU Co. Ltd. Executives Purchase $82K Worth of PTWO Stock – What Does This Mean? ZUU Co. Ltd. executives recently made significant purchases of Class A Common Stock in Pono Capital Two, Inc. (NASDAQ:PTWO), totaling $82,082. This move signals a strong show of confidence in the company’s future prospects. The group, including ZUU Funders Co. Ltd. and ZUU Target Fund for SBC Medical Group HD Investment Partnership, along with Kazumasa Tomita, President of ZUU Co. Ltd., acquired shares at $13.0 each over three days – July 9, 10, and 11. The total number of shares purchased now stands at 1,467,115.…

Asian Tech Stocks Plunge Amid Profit-Taking as Soft U.S. Inflation Fuels Rate Cut Hopes Expert Analysis: How Market Shifts Can Impact Your Investments Investing.com – The Asian stock markets faced a significant downturn on Friday, with technology-focused indexes experiencing sharp declines due to profit-taking activities. This comes despite favorable U.S. inflation data, which has heightened expectations for potential interest rate cuts. Key Market Insights: Technology Sector Hit Hard: Major technology stocks, particularly those in the semiconductor and AI sectors, faced substantial sell-offs. This follows a pattern observed in Wall Street’s overnight performance, where major tech stocks also took a hit.…

Breaking News: Biden and Yoon Discuss Joint Nuclear Deterrence Against North Korea at NATO Summit In a historic meeting on the sidelines of a NATO summit, U.S. President Joe Biden and South Korean President Yoon Suk Yeol have authorized a guideline for an integrated system of extended deterrence for the Korean peninsula. This move formalizes the deployment of U.S. nuclear assets in the region to counter nuclear and military threats from North Korea. The newly signed Guidelines for Nuclear Deterrence and Nuclear Operations on the Korean Peninsula reaffirm the commitment of both presidents to respond swiftly and decisively to any…

Insider Buying Activity at Allied Gaming & Entertainment Inc. Signals Positive Outlook for Investors Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) recently saw significant insider buying activity, with Roy Choi, a ten percent owner of the company, purchasing a substantial number of shares in two separate transactions. This move amounted to a total investment of $307,613, showcasing Choi’s confidence in the company’s future. Choi’s direct ownership in Allied Gaming & Entertainment now stands at 3,080,153 shares, with an additional 8,906,270 shares indirectly held through Knighted Pastures LLC. This strong vote of confidence from a prominent insider is likely to be viewed…

Investing.com– Discover why most Asian stocks retreated on Friday due to profit-taking in the technology sector, despite optimism over potential interest rate cuts fueled by soft U.S. inflation data. Find out how regional stocks mirrored Wall Street losses, with tech-heavy indexes facing significant declines as traders adjusted their positions. Key Highlights: U.S. stock futures hold steady in Asian trade Second-quarter earnings season kicks off with heavyweight banks reporting Soft U.S. inflation data increases bets on Federal Reserve interest rate cuts Asian tech sector hit hard by profit-taking, Nikkei slides 2% Hong Kong outperforms on bargain buying, ASX hits record high…

Oil prices surged in early Asian trading hours on Friday as signs of robust summer demand and decreasing inflationary pressures in the United States boosted investor confidence. Brent futures climbed 0.4% to $85.77 a barrel, while U.S. West Texas Intermediate crude futures jumped 0.6% to $83.12 a barrel. Despite gains in the previous two sessions, Brent futures were on track to decline about 1% week-over-week after four weeks of consecutive gains, while WTI futures remained almost unchanged. U.S. gasoline demand reached 9.4 million barrels per day in the week ending July 5, the highest since 2019 for the week including…

Boeing 737 Max Deliveries to Face Additional Delays: What It Means for Investors and the Aviation Industry Boeing Warns of Potential Delays in 737 Max Deliveries for 2025-2026 In a recent development that could impact stakeholders across the aviation sector, Boeing has alerted customers that deliveries of its 737 Max aircraft, scheduled for 2025 and 2026, may face delays of up to six months. This update, reported by Bloomberg News and confirmed by sources familiar with the matter, underscores the ongoing challenges Boeing is facing in its production processes. Key Highlights: Delayed Deliveries: Customers expecting 737 Max deliveries in 2025…