Odyssey Marine Exploration Inc - On Oct 18, Co, Unit, Ocean Minerals Agreed To Terminate Unit Purchase Agreement

Shares of Exicure, Inc rose sharply in today's pre-market trading after the company announced it received an extension from the Nasdaq Hearings Panel.

After the market close, Exicure announced that it was granted an extension for continued listing on the Nasdaq exchange. The early-stage biotechnology company must now show compliance with all applicable criteria for continued listing on the Nasdaq by Nov. 14.

Exicure shares jumped 179.9% to $6.41 in the pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Zeo Energy Corp. gained 288.9% to $4.55 in pre-market trading after declining around 9% on Wednesday.
• Telesis Bio, Inc. gained 138.4% to $3.22 in the pre-market trading session. Telesis Bio recently announced that it has notified the Nasdaq Stock Market of its decision to delist.
• Venus Concept Inc. gained 82.8% to $0.9188 in pre-market trading after the company announced Australian regulatory approval for Venus Bliss MAX.
• Freight Technologies, Inc. rose 60.6% to $0.1991 in pre-market trading after gaining 12% on Wednesday. Freight Technologies was recently selected by Bayer CropScience as a logistics provider for 2025 and was awarded six essential cross-border lanes to provide truckload services.
• Mynaric AG shares rose 25.6% to $1.37 in pre-market trading after gaining 18% on Wednesday.
• ProMIS Neurosciences, Inc. gained 20.2% to $1.49 in pre-market trading after declining 5% on Wednesday.
• Maxeon Solar Technologies, Ltd. gained 17.4% to $0.1067 in pre-market trading after gaining more than 5% on Wednesday.
• Graphjet Technology rose 17.4% to $3.00 in pre-market trading after gaining around 12% on Wednesday.
• XCHG Limited X shares gained 13.2% to $20.80 in pre-market trading after jumping over 65% on Wednesday.

Losers

• Progyny, Inc. fell 23.2% to $18.78 in pre-market trading.
• Webuy Global Ltd fell 17.4% to $0.1523 in pre-market trading after surging around 59% on Wednesday.
• Veea Inc. V shares fell 15.8% to $10.31 in pre-market trading. Veea shares jumped 131% on Wednesday after the company announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.
• 1847 Holdings LLC shares dipped 15% to $1.70 in pre-market trading after declining 13% on Wednesday.
• BurgerFi International, Inc. shares declined 12% to $0.15 in pre-market trading after dipping 27% on Wednesday.
• Allarity Therapeutics, Inc. A shares declined 11.2% to $2.04 in pre-market trading following a 23% decline on Wednesday.
• Singularity Future Technology Ltd.. declined 11.2% to $1.86 in pre-market trading after gaining around 35% on Wednesday.
• Odyssey Marine Exploration, Inc. fell 9.3% to $1.27 in today's pre-market trading after jumping 182% on Wednesday. The company recently announced an award in its arbitration with the United Mexican States under Chapter Eleven of the North American Free Trade Agreement (NAFTA).
• Smith Micro Software Inc shares fell 9.3% to $0.92 in pre-market trading after jumping around 6% on Wednesday.
• Steelcase Inc. shares fell 8.9% to $12.85 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.

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Odyssey Marine Exploration, Inc. shares are volatile Wednesday. The stock fell Tuesday after the company announced an award in its arbitration with the United Mexican States under Chapter Eleven of the North American Free Trade Agreement (NAFTA).

What To Know:

Odyssey Marine Exploration reported that it received notification from the International Centre for Settlement of Investment Disputes (ICSID) of the arbitral award on the claims involving Odyssey and its subsidiary, Exploraciones Oceánicas S. de R.L. de C.V. (ExO), against Mexico. The award orders Mexico to pay $37.1 million for breaching its obligations under NAFTA.

Odyssey said it expects most or all of the proceeds of the award will be used to satisfy its litigation financing obligations. The company's stock fell 90% following the announcement Tuesday.

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Odyssey shares are recovering Wednesday on heavy trading volume and the stock has been halted to the upside several times. According to data from Benzinga Pro, Odyssey's stock notched a new 52-week low of 45 cents on Tuesday and 9.65% of shares are being sold short.

How To Buy OMEX Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Odyssey Marine Exploration's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

OMEX Price Action: According to Benzinga Pro, Odyssey Marine Exploration shares are up 167.8% at $1.33 at the time of publication Wednesday.

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Image: Gerd Altmann from Pixabay

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U.S. stocks traded mixed this morning, with the Dow Jones index falling over 50 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.17% to 41,536.53 while the NASDAQ rose 0.14% to 17,653.56. The S&P 500 also fell, dropping, 0.01% to 5,634.39.

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Leading and Lagging Sectors

Energy shares jumped by 0.3% on Wednesday.

In trading on Wednesday, health care shares fell by 0.2%.

Top Headline

General Mills, Inc. reported better-than-expected earnings for its first quarter on Wednesday.

The company reported first-quarter adjusted earnings per share of $1.07 (down 2%), beating the street view of $1.06. Quarterly revenues of $4.85 billion outpaced the analyst consensus estimate of $4.801 billion.

Equities Trading UP

• Portage Biotech Inc. P shares shot up 185% to $12.92 after jumping around 15% on Tuesday.
• Shares of Odyssey Marine Exploration, Inc. got a boost, surging 126% to $1.12 after declining around 89% on Tuesday.
• Webuy Global Ltd shares were also up, gaining 97% to $0.2294. Webuy Global, on Tuesday, reported a year-over-year increase in interim H1 revenue results.

Equities Trading DOWN

• Galmed Pharmaceuticals Ltd shares dropped 34% to $9.98 after jumping 290% on Tuesday.
• Shares of BurgerFi International, Inc. were down 29% to $0.1651. BurgerFi recently received interim approval for $3.5 million in financing to support 144 locations during its restructuring.
• Cibus, Inc. was down, falling 23% to $3.90 after the company announced the pricing of $12 million offering of 3 million shares at $4.00 per share.

Commodities

In commodity news, oil traded down 0.7% to $70.70 while gold traded up 0.4% at $2,603.60.

Silver traded up 0.1% to $30.98 on Wednesday, while copper rose 0.6% to $4.2965.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.40%, Germany's DAX rose 0.50% and France's CAC 40 gained 0.51%. Spain's IBEX 35 Index rose 1.06%, while London's FTSE 100 rose 0.38%.

Annual inflation rate in the Eurozone fell to 2.2% in August, recording the lowest level since July 2021, compared to 2.6% in the prior month. Construction output in the Eurozone fell by 2.2% year-over-year in July compared to a revised 1.3% decline in the previous month.

Annual inflation rate in the UK came in unchanged at 2.2% in August, in line with estimates, while producer prices increased 0.2% year-over-year in August.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.49%, China's Shanghai Composite Index gaining 0.49% and India's BSE Sensex falling 0.16%.

Japanese trade deficit shrank to JPY 695.30 billion in August from JPY 940.10 billion in the year-earlier month, and versus market expectations of a JPY 1,380 billion gap.

Economics

• U.S. mortgage applications surged by 14.2% from the prior week in the week ending Sept. 13.
• Housing starts in the U.S. climbed by 9.6% from the prior month to an annualized rate of 1.356 million units for August.
• U.S. building permits gained by 4.9% to an adjusted annual rate of 1.475 million in August.

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Shares of Intuitive Machines, Inc. rose sharply in today's pre-market trading after the company announced it was awarded a NASA Near Space Network contract for communication and navigation services, with a maximum potential value of $4.82 billion.

Intuitive Machines shares jumped 41.1% to $7.62 in the pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Portage Biotech Inc. P gained 231% to $15.02 in pre-market trading after jumping around 15% on Tuesday.
• Odyssey Marine Exploration, Inc. rose 89.3% to $0.9395 in today's pre-market trading after declining around 89% on Tuesday.
• Veea Inc. V gained 66.4% to $8.82 in the pre-market trading session after dipping 42% on Tuesday.
• Agrify Corp gained 42.8% to $0.36 in pre-market trading.
• Webuy Global Ltd rose 27.2% to $0.1475 in pre-market trading. Webuy Global, on Tuesday, reported a year-over-year increase in interim H1 revenue results.
• VivoPower International PLC shares rose 24% to $1.55 in pre-market trading. VivoPower shares dipped 35% on Tuesday after the company announced a heads of agreement to merge with Future Automotive Solutions and Technologies.
• 1847 Holdings LLC gained 21.7% to $2.80 in pre-market trading after gaining 17% on Tuesday.
• Windtree Therapeutics, Inc. gained 21.6% to $3.89 in pre-market trading. On Sept. 4, Windtree Therapeutics completed enrollment of its Phase 2b study of Istaroxime in early cardiogenic shock caused by heart failure.
• MKDWELL Tech Inc M rose 9.8% to $1.23 in pre-market trading after dipping around 6% on Tuesday.

Losers

• Galmed Pharmaceuticals Ltd. fell 32.9% to $10.13 in pre-market trading after jumping 290% on Tuesday.
• Smith Micro Software, Inc. shares dipped 22.8% to $0.88 in pre-market trading after surging 118% on Tuesday.
• Healthcare Triangle, Inc. fell 17.2% to $0.3766 in pre-market trading after surging 42% on Tuesday.
• XCHG Limited X shares fell 15.3% to $9.40 in pre-market trading after gaining 34% on Tuesday.
• Tenon Medical, Inc. T shares declined 14.2% to $5.36 in pre-market trading after dipping 19% on Tuesday. Tenon Medical announced the closing of $4.5 million public offering priced at-the-market under Nasdaq rules.
• Energous Corporation shares declined 14.2% to $0.6437 in pre-market trading.
• IO Biotech, Inc. declined 12.6% to $1.04 in pre-market trading after gaining around 54% on Tuesday. IO Biotech recently announced promising data from the Phase 2 basket trial of IO102-IO103, the company’s lead investigational therapeutic cancer vaccine candidate, in combination with Merck’s anti-PD-1 therapy KEYTRUDA at the 2024 ESMO Congress.
• 22nd Century Group, Inc. fell 11.7% to $0.2430 in today's pre-market trading after declining 14% on Tuesday. The company's CEO Lawrence Firestone, last week, disclosed the purchase of shares.
• iSpecimen Inc. I shares fell 7% to $4.79 in pre-market trading after gaining around 14% on Tuesday.
• Newegg Commerce, Inc. shares fell 4% to $0.83 in pre-market trading after jumping around 15% on Tuesday.

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