Winklevoss Brothers' Gemini Space Station (GEMI.US) Falls Below $28 IPO Price on Wednesday, Market Cap Drops to $2.9 Billion
Gemini Space Station, Inc. (GEMI.US) stock continued its downward trajectory on Wednesday, falling below its IPO price of $28 just days after its U.S. market debut. The stock closed at $24.53,...
iMotion Automotive Technology Reports 42.47% Drop in Revenue, EPS Falls to RMB0.75 for H1 2025
iMotion Automotive Technology Co. Ltd. reported its unaudited consolidated interim results for the six months ended June 30, 2025. The company recorded a significant decrease in revenue, amounting to RMB365.99 million, which represents a 42.47% decline compared to the corresponding period in 2024. The basic and diluted loss per share attributable to ordinary equity holders of the parent was RMB0.75 for the Reporting Period, compared to RMB0.44 in the corresponding period of 2024. The Board has decided not to recommend the payment of an interim dividend for the Reporting Period. The company continues to focus on the production, research and development, and sales of advanced driver assistance solutions and products in the People's Republic of China, with the majority of its operations and revenue derived from this market.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide accurate and timely information
iMotion Automotive Raises HK$230 Million via Share Sale; Stock Falls 4%
iMotion Automotive Technology said it completed the sale of nearly 15.5 million shares to raise HK$230.7 million in net proceeds, according to a Hong Kong bourse filing Monday.Shares of the tech firm fell nearly 4% in morning trade Tuesday.The stocks, which represent 6.02% of the company's enlarged share capital, were sold at HK$15.22 apiece.Funds raised will primarily be used for research and development activities, iMotion said.
DexCom Inc. Stock Outperforms Competitors On Strong Trading Day
This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of DexCom Inc. advanced 1.25% to $76.40 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.73% to 6,345.06 and the Dow Jones Industrial Average rising 0.18% to 44,193.12.The stock's rise snapped a six-day losing streak.DexCom Inc. closed 18.07% below its 52-week high of $93.25, which the company reached on February 18th.The stock outperformed some of its competitors Wednesday, as Abbott Laboratories rose 0.18% to $130.93 and Insulet Corp. fell 1.32% to $277.30.Trading volume eclipsed its 50-day average volume of 3.5 M.Data source: Dow Jones Market Data, FactSet. Data compiled August 6, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Hong Kong Stocks Close Higher; Laopu Gold Surges 7%; Li Auto Jumps 6%
Hong Kong stocks closed higher on Monday. The Hang Seng Index rose 0.7%, while the Hang Seng Technology Index brifelyl rose 1.1%.In terms of star stocks, Laopu Gold rose 7%; Li Auto rose 6%; SMIC rose 5%; Mixue Group and XPeng rose 3%; Meituan, Kuaishou, Pop Mart, and Xiaomi rose 2%; while Alibaba fell 0.8%; JD.com fell 0.6%; Tencent fell 0.3%.
NIO Inc. ADR Falls Wednesday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.The NIO Inc. ADR slid 2.04% to $3.84 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.27% to 17,738.16 and the Dow Jones Industrial Average rising 0.70% to 41,113.97.This was the ADR's third consecutive day of losses.NIO Inc. ADR closed 50.19% short of its 52-week high of $7.71, which the company achieved on September 30th.Trading volume remained 31.6 million below its 50-day average volume of 60.2 M.Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.