Happy New Year, 360!
We’re excited to share some of our top market movers today! And remember, Jeff’s 2024 Bullseye pricing is still available for a limited time—act fast to become the most prepared trader on the Street!
FOCUS LIST🔎
TGL – Surged over 300% in the pre-market due to no news
NUS – Up over 19% in pre-market after announcing a strategic deal with Mavely valued at $250 million.
LIDR – Rose over 11% in pre-market following a securities purchase agreement with an institutional investor for $3.24 million in financing.
Did you catch Jeff’s recent Bullseye?
Note: Trading is inherently difficult; results are not guaranteed and should not be expected to be replicated typically.
+$10,822 just by buying the stock!
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Current Bullseye Pricing Ends Monday –
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HOTLIST🔥
TGL – Up over 350% in the pre-market due to no news.
Treasure Global Inc. (TGL), through its subsidiary ZCity Sdn. Bhd., provides payment processing and e-commerce services. It features an online-to-offline platform offering instant rebates and affiliate cashback programs for consumers and merchants, facilitating transactions in both digital and physical settings.
Despite a lack of new developments, TGL has soared over 350% in pre-market trading. The stock had fallen dramatically in 2024 from over $5 to less than $0.20 in recent days.
However, today buyers have regained momentum, driving the stock price up significantly in pre-market trading.
The first target for bullish investors is the pre-market high at $0.9181. Should it exceed this, further targets are set at $1.01, $1.30, and $1.52.
If it falls below $0.9181, targets to the downside include $0.75, $0.57, $0.46, $0.40, $0.30, $0.25, and a gap fill at $0.1895.
NUS – Up over 19% in pre-market after announcing a strategic transaction of Mavely valued at $250 million.
Nu Skin Enterprises Inc. (NUS) and its subsidiaries develop and distribute beauty and wellness products globally, including skincare devices, cosmetics, and personal care items.
This morning, the company revealed that its Rhyz Inc. subsidiary has completed a strategic agreement with Later, a Summit Partners portfolio company.
As part of this transaction, Rhyz sold its Mavely affiliate marketing technology platform to Later for approximately $250 million in cash and a minority equity stake in the combined Later/Mavely business.
Of that amount, around $33 million will be distributed to other equity stakeholders in the Mavely business. Following this deal, Mavely will continue to support Nu Skin’s affiliate marketing operations.
As a result of this announcement, shares of NUS have climbed over 19% in pre-market trading.
The initial target for bullish investors is the resistance zone around $7.98. If surpassed, targets climb to the pre-market high of $9.03, then $9.40, $10.10, and eventually $11.
If the price dips below $7.98, downside targets will be $7.40, $7.14, $6.84, and a gap fill at $6.56.
LIDR – Up over 11% in pre-market following a securities purchase agreement with an institutional investor for $3.24 million in financing.
AEye Inc. (LIDR) supplies lidar systems for vehicle autonomy, advanced driver-assistance, and robotics in the U.S., Europe, and Asia-Pacific.
This morning, AEye announced its entry into a securities purchase agreement for $3.24 million in funding with an institutional investor.
Under the agreement, subject to customary conditions, AEye will issue (i) a senior unsecured convertible promissory note amounting to $3,240,000, priced at $3,000,013.20, and (ii) a warrant to purchase up to 805,263 shares of common stock.
The Note has an 18-month term, earning 7.0% interest per annum, and is convertible into Common Stock at a price of $2.22, subject to adjustments.
In response to this news, shares of LIDR rose over 11% in pre-market trading.
Targets for bulls begin at resistance of $2.02, with the after-hours high noted at $2.15. Further targets are $2.40, $3, and $4.20.
If it falls below $2.02, downside targets will include $1.87, a gap fill at $1.77, followed by $1.70, $1.60, $1.50, $1.30, and then $1.20.
MARKET NEWS📰
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