Quhuo: Regains Compliance With Nasdaq Continued Listing Requirements

US stocks look set to open relatively flat in Friday's trading session as investors parse import and export index prices, which fell more than expected, and await consumer sentiment and expectations readings set for release later in the morning.

The Dow Jones Industrial Average futures were up 0.22%, S&P 500 futures gained 0.21%, and Nasdaq futures were up 0.02%.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.93% and 1.13% respectively.

US Export prices were down 0.7% in August from July, compared with forecasts of a 0.1% decline, while import prices declined 0.3%, compared with expectations of a 0.2% decline, according to Bloomberg.

In other world markets, Japan's Nikkei lost 0.68%, Hong Kong's Hang Seng was up 0.75%, and China's Shanghai Composite was down 0.48%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.29%, while Germany's DAX and France's CAC gained 0.56% and 0.30% respectively.

In equities, shares of Tenon Medical T skyrocketed 158% in Friday's premarket activity, adding to a 45% gain the previous session. The company said late Thursday that it is planning to launch a new joint fusion system that offers a 30% reduction in implant size in early Q4. Vision Marine Technologies V shares soared 97%, following a 5.6% loss on Thursday. Shares of Singular Genomics Systems jumped 63% after it said late Thursday that it received a non-binding proposal from Deerfield Management to buy all of the company's shares it doesn't already own for $10 each in cash. Shares of Immuneering Corporation surged 42%, adding to Thursday's 11% gain. And SMX shares advanced 28%, erasing Thursday's 22% loss.

On the losing side, shares of Edgio plunged 41% after jumping 119% the previous session. Wang & Lee Group shares tumbled 21%, eating into a 41% gain on Thursday. Visionary Holdings stock dropped 18% after soaring 118% Thursday when it said it signed a memorandum of understanding with Saudi Arabia's Public Investment Fund to secure a $120 million investment to support its industrial projects. Telesis Bio shares shed 13%, more than erasing a 6.5% gain from the previous session. The company said Tuesday that it would ask the Securities and Exchange Commission to remove its listing on the Nasdaq around Sept. 20. And shares of Quhuo Limited dropped11%, piling on to a 26% loss the previous session.

US stocks look set to open slightly higher in Thursday's trading session as investors parse employment and inflation data released earlier in the morning.

Dow Jones Industrial Average futures were up 0.11%, S&P 500 futures were rising 0.09%, and Nasdaq futures were moving 0.10% higher.

Initial jobless claims, which measure how many people filed for unemployment insurance for the first time during the past week, rose to 230,000 from 228,000, which was higher than the 227,000 expected by analysts, according to Bloomberg.

The Producer Price Index, which measures the change in input prices of raw, semi-finished or finished goods and services, rose 0.2% in August, ahead of the 0.1% increase expected by analysts, according to Bloomberg.

Oil prices were moving sharply higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude climbing 1.03% and 1.20% respectively.

In other world markets, Japan's Nikkei soared 3.41%, Hong Kong's Hang Seng was up 0.77%, and China's Shanghai Composite was off 0.17%. In Europe's early afternoon session, the UK's FTSE 100 was up 0.71%, while Germany's DAX and France's CAC rose 0.87% and 0.64%, respectively.

In equities, shares of Tenon Medical T jumped 143% in Thursday's premarket session after it said Wednesday that it plans to proceed with a public share offering to regain compliance with Nasdaq's minimum float requirement. Monopar Therapeutics' stock shot up 106% after it reported positive early data from a phase 1 clinical trial of MNPR-101-Zr to treat multiple types of cancer. And Signet Jewelers shares rose 13% after it reported better-than-expected fiscal Q2 earnings.

On the losing side, shares of Fulcrum Therapeutics fell 63% after it said Thursday that its phase 3 trial evaluating losmapimod in patients with acioscapulohumeral muscular dystrophy did not meet its primary endpoint. . Shares of CN Energy Group shares tumbled 33%, after it said Wednesday that it has been notified that it is not in compliance with Nasdaq's listing rules. And Caleres fell 15% after it reported lower fiscal Q2 earnings and net sales and cut its fiscal 2024 adjusted EPS and sales outlook.

Quhuo Limited shares are moving higher Wednesday. The company announced that Cloud Alliance has dissolved its stake in the company.

The Details: Cloud Alliance previously held a 25.96% stake in the company which it dissolved according to a filing with the Securities and Exchange Commission.

Specifically, Cloud Alliance sold its 5,250,000 Class A Shares and earned proceeds of $1,199,375.

How To Buy Quhuo 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 Quhuo '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.

See Also: Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years

QH Price Action: At the time of writing, Quhuo shares are moving 18.6% higher at $1.57 per data from Benzinga Pro.

Image: Photo by Yiorgos Ntrahas for Unsplash

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