*Together with Theo Trade
Good morning, 360!
Don’t forget to join us today for LIVE trading in the Market Master’s Room. I’m opening up the doors to Alpha Hunter at 2pm EST for a special session today so be in there!
FOCUS LIST🔎
QSG – Up over 23% in pre after announcing up to $20 million share repurchase program
CMND – Up over 20% in pre after entering $13 billion non alcoholic beverages market with its psychedelic based drink
RCRT – Up over 19% in pre after announcing it has been granted continued listing from the NASDAQ hearings panel
*Together with Theo Trade
Upcoming Webinar: You’re Invited!
Get Access to TheoTrade’s 113 Deep Currents Watch List –
Complimentary June 13th, 7pm EST
HOTLIST🔥
QSG – Up over 23% in pre after announcing up to $20 million share repurchase program
QuantaSing Group Limited (QSG) provides online learning services in the People’s Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses.
In the after-hours yesterday, the company announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20.0 million of its Class A ordinary shares in the form of American depositary shares (“ADSs”) during a twelve-month period commencing on June 11, 2024.
According to Finviz, the stock had a market cap of $62.9 million with 38.59 million shares outstanding.
The stock traded up over 23% in pre-market in reaction to the share buyback scheme.
The $1.90 area has acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $2.10, $2.20, $2.40 and then the pre-market high at $2.69. Beyond that, $2.80, $3 and $3.20 come into play.
Below $1.90, targets to the downside are $1.80 and then a gap fill at $1.63 with $1.52 below that.
CMND – Up over 20% in pre after entering $13 billion non alcoholic beverages market with its psychedelic based drink
Clearmind Medicine Inc. (CMND) is a clinical pharmaceutical company, develops novel psychedelic medicines to treat under-served health problems in Canada and internationally. It develops treatments for alcohol use disorders, mental health disorder, binge drinking, obesity and metabolic disorder, and eating disorders, as well as depression, binge eating, psychotherapy, and other addiction and binge behaviors.
In the pre-market this morning, the company announced that it would be entering the $13 billion non alcoholic beverages market with its psychedelic based drink.
Clearmind’s alcohol substitute was granted patents in the U.S., India and Europe. This project is being led by former Red Bull Canada and Juul Labs Canada executive, Nicholas Kadysh, serving as an Executive Special Advisor to the Company.
The stock traded up over 20% in pre-market in reaction to the news.
The first target for bulls is the pre-market high at $1.33. Beyond that, $1.50, $1.80 and $2 come into play.
Below $1.33, targets to the downside are $1.20, $1.08 and then a gap fill at $1.02.
Great Overnight Swing on KITT
Joining Roaring Williams in Atomic Trades for momentum and swing trading!
Call Davis for any questions or credits: 1-800-585-4488
RCRT – Up over 19% in pre after announcing it has been granted continued listing from the NASDAQ hearings panel
Recruiter.com Group Inc. (RCRT) operates an on-demand recruiting platform in the United States and internationally. It offers consulting and staffing services for the placement of professional recruiters; and consulting and staffing personnel services to employers.
In the pre-market this morning, the company announced that it received a notification letter from the Nasdaq Listing Qualifications Staff that the Company has evidenced full compliance with all requirements for continued listing on The Nasdaq Capital Market, including the minimum stockholders’ equity requirements set forth in Nasdaq Listing Rule 5550(b)(1) (the “Minimum Stockholders’ Equity Requirement”).
On August 17, 2023, the Staff notified the Company that it was not in compliance with the Minimum Stockholders’ Equity Requirement.
The company remains subject to a “Panel Monitor” as that term is defined under Nasdaq Listing Rule 5815(d)(4)(A), through June 6, 2025.
The stock traded up over 19% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $2.71. Beyond that, $3, $3.40 and $3.80 come into play.
Below $2.71, targets to the downside are $2.38 and then a gap fill at $2.26, with $2 below that.
MARKET NEWS 📰
👊 Make sure you are getting my mobile text alerts – text “RAGE” to 1-(888) 404-5747 to get all of my latest HOT STOCK ideas delivered right to your phone (make sure you put the “1” at the front!). Don’t miss out!
Questions or concerns about our products? Email Support@360wallstreet.io © Copyright 2022, RagingBull
DISCLAIMER: To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at https://ragingbull.com/disclaimer.
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.
RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.
RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization.
WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers mentioned in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.
*Sponsored Content: If you purchase anything through a link in this email other than RagingBull services, you should assume that we have an affiliate relationship with the company providing the product or service that you purchase, and that we will be paid in some way. We recommend that you do your own independent research before purchasing anything. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.
RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.
