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Synaptics surged 14.5% after amending its $123/share cash buyout by onsemi; AMOD led gainers, while WCT fell 20.3% premarket.
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Univest Securities, LLC completed a $3.5 million registered direct offering for Lichen International Limited (NASDAQ: LICN), a financial and taxation service provider in China. The offering consisted of 17.5 million units at $0.20 per unit, each containing one Class A Ordinary Share and one warrant with a $0.20 exercise price and 1-year term.
Vadzo Imaging has introduced the Armor-2020CRS-GMSL2, a 20MP GMSL2 camera module powered by the onsemi AR2020 image sensor for automotive and industrial applications.
Vadzo Imaging has launched the Innowave-821CRS, an 8.3MP Ethernet/Wi-Fi camera utilizing the onsemi AR0821 sensor for high-dynamic-range imaging.
Nike stock has fallen 78% from its peak, but the author argues this presents a long-term buying opportunity. CEO Elliott Hill is restructuring the company into sport-specific teams, deliberately cutting supply of popular products like Dunks and Jordan retros, and shifting distribution strategy to include Amazon and Dick's Sporting Goods. The key metric to watch is whether Nike can restore its operating margin to at least 10% by fiscal 2030, which will be revealed at the November 17 Investor Day.
U.S. stocks mixed; Riskified surged 27.7% on strong Q3 results and raised FY26 guidance. Gevo, Fossil, PepGen and tech stocks also rallied.
Five sectors are higher and six are lower in Wednesday's regular session, with cyclical sectors holding two of the top three positions. Technology sits well clear of the rest, separated from the next sector by a margin several times wider than any other gap in the table.