Stocks rally to start the week 📈

Good Afternoon! 

Hey, everyone. It's Adam from Elite Trade Club. 

We had a bit of a misfire this morning. Apologies for the second email that mistakingly went out. I hope it didn’t cause you too much confusion.

Here’s what moved the market today.

Markets 📈

The stock market rallied to open the trading week on Monday, with the tech-heavy Nasdaq leading the push higher.

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Allego [ALLG] $1.68 (+128)
agreed to a take-private deal with Meridian that would acquire the company via a tender offer of $1.70 per share.

Interactive Strength [TRNR] $4.90 (+70.7%)
rebounded after it implemented a 1-for-40 reverse stock split on Friday.

Scinai [SCNI] $5.60 (+60.4%)
published a Form 6-K business update early Thursday morning, and shares have been edging higher since.

Aerovate Therapeutics [AVTE] $1.65 (93.3%)
published disappointing toppling results from the Phase 2b portion of its IMPAHCT Phase 2b/3 trial of AV-101.

AMC Networks [AMCX] $10.19 (35.1%)
announced a private offering of $125 million worth of convertible senior notes this morning.

Kaival Brands [KVAL] $4.18 (29.8%)
continued to fall after filing an S-1 registration statement announcing a $5 million offering of stock & warrants on Friday.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

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