WISCONSIN (CoinChapter.com) — US equities fell at the opening bell on Friday. The S&P 500 declined by 0.6%, while the Dow Jones Industrial Average dropped by 0.4%. After three days of steep declines, the tech-heavy NASDAQ Composite was down 0.9%.
Here are the five best stock market gainers:
Hitek Global Inc. (NASDAQ: HKIT)
Hitek Global Inc. (NASDAQ: HKIT), a leading information technology consulting and solutions service, had no fresh news to answer for the stock spike today. The most recent news was on March 31, 2023, when the company announced it received a significant government reward of RMB 1 million.
The reward was granted in recognition of its successful listing on the NASDAQ Capital Market. Hitek Global Inc. is headquartered in Xiamen, China, and is recognized for its comprehensive IT services and solutions.
The company primarily operates two lines of business, focusing on providing services to small and medium-sized enterprises, including Anti-Counterfeiting Tax Control System tax devices and other IT services.
Stabilis Solutions Inc. (NASDAQ: SLNG)
Stabilis Solutions Inc. (NASDAQ: SLNG), a provider of clean energy solutions, reported nothing today, but only one week ago announced its Q2 2023 results. Although the company disclosed a net loss of $2.2 million on revenues of $12.9 million for the three months ended June 30, 2023, shareholders pushed the stock price up 27.13% today.
Last week’s earnings release was compared with a net loss of $2.2 million on revenues of $23.2 million in Q2 2022 and a net income of $1.1 million on revenues of $26.8 million in Q1 2023. The results also included adjusted earnings before interest, taxes, depreciation, and amortization.
Aditxt Inc. (NASDAQ: ADTX)
Aditxt Inc. (NASDAQ: ADTX), a global innovation company focusing on therapeutics and technologies that monitor and modulate the immune system, announced today a 1-for-40 reverse split of its common stock.
Based in Richmond, Virginia, with significant operations in Silicon Valley, California, and New York, Aditxt’s portfolio includes Adimune™ Inc., aimed at developing and designing a new class of therapeutics for retraining the immune system to address organ rejection, autoimmunity, and allergies.
Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR)
Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR) announced a one-for-ten reverse stock split of its Common Stock, expected to take effect today, August 18, 2023.
The move comes as part of an initiative to increase the per-share trading price of the company’s common stock to satisfy the minimum bid price requirement for continued listing on NASDAQ. The Board of Directors unanimously approved this decision to enhance shareholder value.
Freedom Holding Corp. (NASDAQ: FRHC)
The Schall Law Firm, a prominent national shareholder rights litigation firm, has publicly announced its ongoing investigation into allegations against Freedom Holding Corp. (NASDAQ: FRHC) for potential violations of securities laws, which sent shares higher today.
The law firm’s investigation primarily concerns whether Freedom Holding issued misleading statements or failed to disclose crucial information significant to its investors. This announcement follows a report by Hindenburg Research dated August 15, 2023, which raised several “red flags” about the company’s operations and practices.
