Longfin Corp (NASDAQ:LFIN) (The Motley Fool)
What happened: Shares of LongFin Corp. (NASDAQ:LFIN) soared on Thursday following a crash on Tuesday due to an SEC investigation and the disclosure of weak internal controls. LongFin CEO Venkat Meenavalli made an appearance on CNBC on Wednesday, which could be what’s driving up the stock. Shares of LongFin were up 72% at 12:15 p.m. EDT.
Micron Technology, Inc. (NASDAQ:MU) (MarketWatch)
Shares of Micron Technology Inc. MU, -7.28% are down 3.6% in Thursday trading after analysts at UBS initiated coverage of the stock with a sell rating. The analysts, led by Timothy Arcuri, have a negative view of Micron due to “cyclical memory concerns and big estimate cuts.” Arcuri’s initiated coverage of Micron along with other companies in the semiconductor industry. In general, he wrote: The supply chain has struggled to keep inventory growing anywhere close to revenue growth during the past 4Qs and the entirety of C2017.
SandRidge Energy Inc. (NYSE:SD) (CNBC)
SandRidge Energy – Investor Carl Icahn plans to nominate a full slate of board candidates at SandRidge, according to a Securities and Exchange Commission filing. Icahn feels that a strategic review currently being overseen by the board “is likely to be value destructive.” Icahn is the largest shareholder in SandRidge.
Veritone Inc (NASDAQ:VERI) (Benzinga)
Veritone, Inc. shares gained 19.8 percent to $15.77. Veritone reported the upcoming launch of a market-first update to its AI operating system, aiWARE™.