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FLJ – Up over 120% in pre-market after deal to acquire Alpha Mind Technology

IRBT – Up over 29% in pre after planned EU approval for sale to Amazon 

FSR – Up over 4% in pre after Quarterly Report release on Wednesday


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FLJ – Up over 120% after deal to acquire Alpha Mind Technology

FLJ Group (FLJ) operates a long-term apartment rental platform in the People’s Republic of China.

On Wednesday, in the after-hours FLJ announced that it would acquire Alpha Mind Technology for $180 million.

Alpha Mind operates two primary business units: (a) an insurance agency, and (b) an insurance technology business. The insurance agency operates nationwide in the PRC with a wide range of insurance products.

In 2021 and 2022, Alpha Mind’s revenue amounted to $44.9 million and $47.4 million, respectively.

The stock is trading up over 120% in pre-market after the news release.

The $0.2650 area was support in the after-hours and will be an important level to watch.

Above it, targets to the upside are $0.30 and then the pre-market high at $0.3250. Beyond that, $0.35, $0.40, $0.50 and $0.60 come into play.

Below $0.2650, there is potential support at  $0.2250, $0.2050, $0.1550, and then a gap fill to $0.1081.

IRBT – Up over 29% after planned EU approval for sale to Amazon 

iRobot Corporation (IRBT) designs, builds, and sells robots and home innovation products in the United States and internationally.

Yesterday, Reuters reported that the European Commission is now likely to grant unrestricted approval to Amazon’s $1.4 billion purchase of iRobot.

This is after initial concerns were raised in July in regards to potential decrease in competition within the robot vacuum sector and an increase in Amazon’s dominance in the online marketplace.

The stock is up over 29% this morning in pre-market after the report.

The $38 area has acted as support so far in the pre-market and will be an important level to watch.

Above it, targets to the upside are at $40, $41.30, and then the pre-market high at $42.80. Beyond that, $45, $47 and $48 come into play.

Below $38, there is potential support at $37, $36.30, $35.12 and then a gap to fill at $29.83.

FSR – Up over 4% in pre after Quarterly Report release on Wednesday

Fisker (FSR) develops, manufactures, markets, leases, or sells electric vehicles.

The company released its Quarterly Report on Wednesday, reporting that Total current assets grew by over 70% from the second quarter to the third quarter, significantly increasing the volume of transactions that required detailed analysis and reconciliation after the end of the quarter. The company also stated that last week, Fisker reported a new daily delivery record of 107 vehicles, up more than 120% from a month earlier. 

FSR also stated that the  company expects to continue to incur operating losses for the foreseeable future.

After making new all-time lows on Wednesday, FSR stock finished the day up 6% and is gapping up another 4% this morning.

$2.25 was the breakout area in the pre-market and now becomes a potential support level.

Above it, targets to the upside are $2.40 and then the pre-market high at $2.45. Beyond that, $2.76, $3, $3.50 and $4 come into play.

Below $2.25, there is potential support at $2.10, $2 and $1.80.

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