24H | American Eagle Soars 24%; American Bitcoin Jumps 7%; C3.ai Sinks 11%; Figma Plunges 15%

Tiger Newspress
Sep 04

American Eagle Outfitters shares soared 24.4% in overnight trading after the apparel company said its partnership with Sydney Sweeney has been its “best” advertising campaign to date as it announced fiscal second-quarter earnings that beat expectations. 

American Bitcoin shares jumped another 6.7% in overnight trading. American Bitcoin tied to President Donald Trump's two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons' stake at well over $1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin Corp , a bitcoin miner, soared as high as $14.52 in its first day of trade on the Nasdaq, before pulling back to be up 16.5% at $8.04 by the end of the day.

C3.ai shares plunged 10.6% in overnight trading following a fiscal first-quarter adjusted loss that was wider than analysts estimated. Revenue also fell short. C3.ai withdrew its full-year forecast as it named a new chief executive and restructured its sales and services organization.

Shares of Figma tumbled 14.6% in overnight trading after the design-software company’s first earnings report after its stock-market debut didn’t seem to match Wall Street’s excitement about it.

Neonode announced Wednesday it expects to receive between $15 million and $20 million in net proceeds from a patent lawsuit settlement between Samsung Electronics and an unrelated third party. Neonode shares plunged 64.4% in overnight trading.

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