Short interest for Glatfelter gives investors a sense of the degree to which investors are betting on the decline of Glatfelter's stock. Short interest data is updated every two weeks.

Glatfelter Stock (NYSE:GLT), Short Interest Report

Glatfelter

Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company's reportable segments are; Composite Fibers, Spunlace. and Airlaid Materials. The Airlaid Materials segment which is also its key revenue generating segment, is a supplier of cellulose-based airlaid nonwoven materials used to manufacture consumer products for end-user markets. The Airlaid Materials segment produces materials used in feminine hygiene, specialty wipes, tabletop, home care, and other consumables. Geographically, the company derives majority of its revenue from Americas and rest from Europe, Middle East, Africa and Asia Pacific markets.

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U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Wednesday.

The Dow traded up 0.47% to 38,701.01 while the NASDAQ rose 0.89% to 15,748.69. The S&amp;P 500 also rose, gaining, 0.82% to 4,994.75.

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Shares of  The Container Store Group, Inc. (NYSE: TCS) shares fell sharply during Wednesday’s session following weak quarterly results.

Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Wednesday.

The Dow traded up 0.37% to 38,665.47 while the NASDAQ rose 0.83% to 15,737.97. The S&amp;P 500 also rose, gaining, 0.76% to 4,991.73.

Crude Oil Edges Higher; Snap Shares Plummet

Glatfelter Corp

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Berry Global Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) and Glatfelter Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLT#NYSE">GLT</a>) announced today the achievement of a regulatory milestone in the proposed transaction involving the combination of a majority of Berry&#39;s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business (&quot;HHNF&quot;) with Glatfelter, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act. 
As previously announced on February 7, 2024, Berry and Glatfelter entered into a definitive agreement under which Berry will spin-off and merge its HHNF business with Glatfelter in a Reverse Morris Trust transaction. The transaction will create a leading, publicly-traded company in the specialty materials industry.
The transaction is expected to close in the second half of calendar 2024 and is subject to approval by Glatfelter shareholders and completion of customary closing conditions.

Berry Global And Glatfelter Reach Key Regulatory Step In Spin-Off And Merger Deal Involving Berry's Nonwovens And Films Business

Kevin M. Fogarty will continue to serve Glatfelter in the role of Non-Executive Chair of the Board of Directors of NewCo.&nbsp;James M. Till (Jim) will be appointed to the role of Executive Vice President, Chief Financial Officer &amp; Treasurer for NewCo, effective upon the closing of the proposed transaction.&nbsp;In addition, Mr. Tarun Manroa will be appointed to the role of Executive Vice President, Chief Operating Officer for NewCo, effective upon the closing of the proposed transaction.

Management

Glatfelter Reveals Key Leadership Appointments In Connection With Proposed Merger

WIIM

Glatfelter shares are trading higher following Q4 earnings.

Guidance

Glatfelter Sees FY24 EBITDA $110M-$120M

Glatfelter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLT#NYSE">GLT</a>) reported quarterly losses of $(0.04) per share. This is a 75 percent increase over losses of $(0.16) per share from the same period last year. The company reported $320.38 million in sales this quarter. This is a 14.31 percent decrease over sales of $373.90 million the same period last year.

Glatfelter Q4 EPS $(0.04) Up From $(0.16) YoY, Sales $320.38M Down From $373.90M YoY

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Wednesday.
The Dow traded up 0.47% to 38,701.01 while the NASDAQ rose 0.89% to 15,748.69. The S&amp;P 500 also rose, gaining, 0.82% to 4,994.75.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/36978503/top-5-energy-stocks-that-may-explode-in-february"> Top 5 Energy Stocks That May Explode In February </a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Consumer discretionary shares rose by 1.1% on Wednesday.
In trading on Wednesday, energy shares fell by 0.2%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Yum! Brands Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yum#NYSE">YUM</a>) reported weaker-than-expected results for its fourth quarter on Wednesday.
The company posted fourth-quarter fiscal 2023 sales growth of 1% year-on-year to $2.04 billion, missing the analyst consensus estimate of $2.11 billion. Adjusted EPS was $1.26, below the consensus of $1.40.
<h3>
Equities Trading UP</h3>
&nbsp;
MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares shot up 497% to $8.95. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
Shares of Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) got a boost, surging 72% to $2.20 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.
Aviat Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avnw#NASDAQ">AVNW</a>) shares were also up, gaining 25% to $37.47 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Triumph Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgi#NYSE">TGI</a>) shares dropped 18% to $13.46 after the company reported below-consensus third-quarter results and cut the FY24 outlook.
Shares of The Container Store Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tcs#NYSE">TCS</a>) were down 41% to $0.9998 following weak quarterly results.
Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) was down, falling 35% to $11.30 after the company reported mixed quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/news/24/02/36981099/spotify-to-rally-around-36-here-are-10-top-analyst-forecasts-for-wednesday"> Spotify To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Wednesday </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.8% to $73.89&nbsp;while gold traded mostly flat at $2,051.10.
Silver traded down 0.5% to $22.365 on Wednesday while copper fell 1.2% to $3.7365.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.23%, London&rsquo;s FTSE 100 fell 0.68% while Spain&rsquo;s IBEX 35 Index fell 1.15% The German DAX fell 0.65% French CAC 40 fell 0.36% while Italy&rsquo;s FTSE MIB Index fell 0.45%.
France&rsquo;s current account deficit shrank to EUR 0.7 billion in December versus a revised EUR 2.9 billion in the prior month, while trade deficit increased to &euro;6.83 billion in December from a &euro;5.9 billion gap in the previous month.
The Halifax House Price Index rose by 2.5% year-over-year in January, while German industrial output declined by 1.6% month-over-month in December.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Wednesday, with Japan&rsquo;s Nikkei 225 falling 0.11%, Hong Kong&rsquo;s Hang Seng Index falling 0.34% and China&rsquo;s Shanghai Composite Index gaining 1.44%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.06%.
China&#39;s vehicle sales climbed by 47.9% year-over-year to 2.44 million units in January. China&#39;s foreign exchange reserves fell to $3.219 trillion in January from $3.238 trillion in the prior month. Foreign exchange reserves in Hong Kong fell to $423.2 billion in January.
The index of leading economic indicators in Japan rose to 110.0 in December versus a revised reading of 108.1 in the previous month, while index of coincident economic indicators rose to 116.2 in December from a final reading of 114.6. Reserve assets in Japan declined to $1.292 trillion in January from $1.295 trillion a month ago.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. mortgage applications increased by 3.7% on the week ending Feb. 2.
The trade deficit in the U.S. came in at $62.2 billion in December versus a revised $61.9 billion gap in November.
Crude oil inventories in the U.S. increased by 5.521 million barrels in the week ending Feb. 2, , the most since mid-November.
Now Read This: <a href="https://www.benzinga.com/news/24/02/36977073/wall-streets-most-accurate-analysts-hold-sell-these-3-tech-and-telecom-stocks-with-over-3-dividend-y"> Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Tech And Telecom Stocks With Over 3% Dividend Yields </a>

Shares of The Container Store Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tcs#NYSE">TCS</a>) shares fell sharply during Wednesday&rsquo;s session following weak quarterly results.
Container Store Group posted adjusted loss of 8 cents per share, compared to market expectations for a loss of 5 cents per share. The company&rsquo;s quarterly sales came in at $214.90 million versus estimates of $220.72 million.
Container Store Group shares dipped 22.7% to $1.3150 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares jumped 400% to $7.51. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.</li>
<li>SMX (Security Matters) Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smx#NASDAQ">SMX</a>) shares climbed 138% to $0.5528.</li>
<li>Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) climbed 68.8% to $2.1450 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.</li>
<li>MariaDB plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrdb#NYSE">MRDB</a>) gained 57% to $0.3782 after jumping more than 26% on Tuesday.</li>
<li>ThermoGenesis Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thmo#NASDAQ">THMO</a>) climbed 37.7% to $0.8101.</li>
<li>Recon Technology, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcon#NASDAQ">RCON</a>) rose 33.3% to $0.1934.</li>
<li>Ault Alliance, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ault#NYSE">AULT</a>) surged 28.1% to $0.4549. Ault Alliance said it determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments.</li>
<li>Luokung Technology Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lkco#NASDAQ">LKCO</a>) gained 27.4% to $0.6269.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) rose 27% to $0.4939.</li>
<li>Aviat Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avnw#NASDAQ">AVNW</a>) surged 23.7% to $37.20 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Jianpu Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jt#NYSE">JT</a>) gained 18.5% to $0.7584.</li>
<li>Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) rose 17.7% to $118.36 after the company reported quarterly financial results.</li>
<li>Sonos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sono#NASDAQ">SONO</a>) gained 17.6% to $19.36 after the company reported better-than-expected quarterly financial results.</li>
<li>XPO, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>) climbed 16.6% to $114.34 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Cirrus Logic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crus#NASDAQ">CRUS</a>) gained 15.1% to $90.28 after the company reported better-than-expected quarterly financial results.</li>
<li>Green Plains Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpre#NASDAQ">GPRE</a>) climbed 14.6% to $22.94 following quarterly results.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) rose 14.1% to $0.81.</li>
<li>Griffon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gff#NYSE">GFF</a>) gained 13.8% to $68.55 following upbeat results.</li>
<li>REGENXBIO Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgnx#NASDAQ">RGNX</a>) rose 13.3% to $14.78. Regenxbio has completed enrollment at dose level 2 and reported additional interim safety and efficacy in Phase 1/2 AFFINITY DUCHENNE trial of Rgx-202 in patients with Duchenne Muscular Dystrophy ages 4 to11 years old.</li>
<li>O-I Glass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oi#NYSE">OI</a>) climbed 12.7% to $16.19 following upbeat results.</li>
<li>Frontier Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulcc#NASDAQ">ULCC</a>) rose 11.3% to $6.93. Frontier reported fourth-quarter financial results and issued guidance.</li>
<li>Silicon Laboratories Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slab#NASDAQ">SLAB</a>) jumped 11.1% to $131.43 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>Griid Infrastructure Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grdi#NASDAQ">GRDI</a>) gained 10.9% to $2.35 after gaining over 4% on Tuesday.</li>
<li>Emerson Electric Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emr#NYSE">EMR</a>) climbed 10.8% to $104.44 after the company reported better-than-expected quarterly earnings and raised FY24 outlook.</li>
<li>Yum China Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) shares rose 9.9% to $41.14 after the company reported fourth-quarter financial results and increased its dividend.</li>
<li>IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>) gained 8.1% to $3.1250.</li>
<li>Fortinet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>) rose 4% to $70.13 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) shares dipped 35.2% to $11.30 after the company reported mixed fourth-quarter results.</li>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares fell 29.1% to $0.0617. Sunworks shares dipped 58% on Tuesday after the company announced it ceased operations and filed voluntary petitions for relief under the provisions of Chapter 7 of Title 11 of the United States Code.</li>
<li>CytoMed Therapeutics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdtc#NASDAQ">GDTC</a>) dipped 26.7% to $2.25.</li>
<li>fuboTV Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fubo#NYSE">FUBO</a>) shares fell 25.7% to $1.8650 after gaining around 4% on Tuesday.</li>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) tumbled 23.6% to $2.62.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) fell 22.8% to $5.74.</li>
<li>MedAvail Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdvl#NASDAQ">MDVL</a>) shares declined 20.4% to $2.61 after jumping 92% on Tuesday.</li>
<li>Triumph Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgi#NYSE">TGI</a>) fell 18.8% to $13.35 after the company reported below-consensus third-quarter results and cut the FY24 outlook.</li>
<li>Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) fell 18.6% to $24.00 after the company issued worse-than-expected FY24 outlook.</li>
<li>ePlus inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plus#NASDAQ">PLUS</a>) shares declined 17.6% to $64.50 after the company reported worse-than-expected third-quarter results.</li>
<li>The Hain Celestial Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hain#NASDAQ">HAIN</a>) fell 16.9% to $9.42 after the company reported worse-than-expected quarterly revenue results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) fell 15.9% to $5.20.</li>
<li>KKR Real Estate Finance Trust Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kref#NYSE">KREF</a>) shares dipped 14.3% to $10.09 following fourth-quarter results.</li>
<li>Alpha and Omega Semiconductor Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aosl#NASDAQ">AOSL</a>) fell 14.1% to $22.11. The company reported second-quarter financial results and issued revenue guidance.</li>
<li>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) shares declined 12.8% to $3.6599. Fitch downgraded NYCB&rsquo;s long-term credit rating to one notch above non-investment grade at BBB-. Moody&rsquo;s downgraded NYCB&#39;s debt rating from Baa3 to Ba2.</li>
<li>Viasat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vsat#NASDAQ">VSAT</a>) fell 12.7% to $19.88 after the company reported quarerly financial results.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) shares declined 12.2% to $14.88 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Vestis Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsts#NYSE">VSTS</a>) fell 10.2% to $20.03 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Rekor Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rekr#NASDAQ">REKR</a>) fell 9.5% to $2.7150 after the company announced the launch of a proposed follow-on public offering of common stock.</li>
<li>Berry Global Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bery#NYSE">BERY</a>) fell 9.2% to $58.35 after the company reported below-consensus first-quarter FY24 results and disclosed a deal for a tax-free spin-off and merger of Berry&#39;s Health.</li>
<li>Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>) declined 8.3% to $7.49.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) fell 6.6% to $0.5790 after surging 77% on Tuesday.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/36983037/mckesson-earnings-are-imminent-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate"> McKesson Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>

Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Wednesday.
The Dow traded up 0.37% to 38,665.47 while the NASDAQ rose 0.83% to 15,737.97. The S&amp;P 500 also rose, gaining, 0.76% to 4,991.73.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/36978503/top-5-energy-stocks-that-may-explode-in-february"> Top 5 Energy Stocks That May Explode In February </a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Information technology shares rose by 1.1% on Wednesday.
In trading on Wednesday, energy shares fell by 0.1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Crude oil inventories in the U.S. increased by 5.521 million barrels in the week ending Feb. 2, , the most since mid-November.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares shot up 450% to $8.25. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
Shares of Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) got a boost, surging 77% to $2.27 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.
Aviat Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avnw#NASDAQ">AVNW</a>) shares were also up, gaining 24% to $37.33 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Triumph Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgi#NYSE">TGI</a>) shares dropped 19% to $13.39 after the company reported below-consensus third-quarter results and cut the FY24 outlook.
Shares of The Container Store Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tcs#NYSE">TCS</a>) were down 26% to $1.2512 following weak quarterly results.
Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) was down, falling 35% to $11.38 after the company reported mixed quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/news/24/02/36981099/spotify-to-rally-around-36-here-are-10-top-analyst-forecasts-for-wednesday"> Spotify To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Wednesday </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.5% to $73.68 while gold traded up 0.2% at $2,054.50.
Silver traded down 0.3% to $22.42 on Wednesday while copper fell 1.2% to $3.7410.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.23%, London&rsquo;s FTSE 100 fell 0.68% while Spain&rsquo;s IBEX 35 Index fell 1.15% The German DAX fell 0.65% French CAC 40 fell 0.36% while Italy&rsquo;s FTSE MIB Index fell 0.45%.
France&rsquo;s current account deficit shrank to EUR 0.7 billion in December versus a revised EUR 2.9 billion in the prior month, while trade deficit increased to &euro;6.83 billion in December from a &euro;5.9 billion gap in the previous month.
The Halifax House Price Index rose by 2.5% year-over-year in January, while German industrial output declined by 1.6% month-over-month in December.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Wednesday, with Japan&rsquo;s Nikkei 225 falling 0.11%, Hong Kong&rsquo;s Hang Seng Index falling 0.34% and China&rsquo;s Shanghai Composite Index gaining 1.44%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.06%.
China&#39;s vehicle sales climbed by 47.9% year-over-year to 2.44 million units in January. China&#39;s foreign exchange reserves fell to $3.219 trillion in January from $3.238 trillion in the prior month. Foreign exchange reserves in Hong Kong fell to $423.2 billion in January.
The index of leading economic indicators in Japan rose to 110.0 in December versus a revised reading of 108.1 in the previous month, while index of coincident economic indicators rose to 116.2 in December from a final reading of 114.6. Reserve assets in Japan declined to $1.292 trillion in January from $1.295 trillion a month ago.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. mortgage applications increased by 3.7% on the week ending Feb. 2.
The trade deficit in the U.S. came in at $62.2 billion in December versus a revised $61.9 billion gap in November.
Crude oil inventories in the U.S. increased by 5.521 million barrels in the week ending Feb. 2, , the most since mid-November.
Now Read This: <a href="https://www.benzinga.com/news/24/02/36977073/wall-streets-most-accurate-analysts-hold-sell-these-3-tech-and-telecom-stocks-with-over-3-dividend-y"> Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Tech And Telecom Stocks With Over 3% Dividend Yields </a>

U.S. stocks traded higher this morning, with the Dow Jones gaining around 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.25% to 38,618.79 while the NASDAQ rose 0.34% to 15,661.70. The S&amp;P 500 also rose, gaining, 0.34% to 4,971.18.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/36978503/top-5-energy-stocks-that-may-explode-in-february"> Top 5 Energy Stocks That May Explode In February</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Consumer discretionary shares rose by 0.7% on Wednesday.
In trading on Wednesday, utilities shares fell by 0.2%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Uber Technologies, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) reported better-than-expected fourth-quarter sales.
Uber reported fourth-quarter FY23 revenue growth of 15% year-on-year to $9.94 billion, beating the consensus of $9.76 billion. Uber&rsquo;s GAAP EPS of $0.29 beat the consensus of $0.17.
Uber expects first-quarter gross bookings of $37.0 billion to $38.5 billion and an adjusted EBITDA of $1.26 billion to $1.34 billion.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares shot up 147% to $3.7007. MicroCloud Hologram said it is planning to join the Communications Industry Association.
Shares of Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) got a boost, surging 82% to $2.3301 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.
SMX (Security Matters) Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smx#NASDAQ">SMX</a>) shares were also up, gaining 85% to $0.43.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Invitae Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvta#NYSE">NVTA</a>) shares dropped 33% to $0.06. Invitae, backed by SoftBank Group, is reportedly on the brink of filing for bankruptcy in the coming weeks.
Shares of CytoMed Therapeutics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdtc#NASDAQ">GDTC</a>) were down 34% to $2.03.
Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) was down, falling 32% to $11.90 after the company reported mixed quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/news/24/02/36981099/spotify-to-rally-around-36-here-are-10-top-analyst-forecasts-for-wednesday"> Spotify To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Wednesday </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.8% to $73.89 while gold traded up 0.1% at $2,053.80.
Silver traded down 0.2% to $22.435 on Wednesday while copper fell 0.5% to $3.763.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.1%, London&rsquo;s FTSE 100 fell 0.4% while Spain&rsquo;s IBEX 35 Index fell 0.8% The German DAX fell 0.3% French CAC 40 fell 0.1% while Italy&rsquo;s FTSE MIB Index fell 0.1%.
France&rsquo;s current account deficit shrank to EUR 0.7 billion in December versus a revised EUR 2.9 billion in the prior month, while trade deficit increased to &euro;6.83 billion in December from a &euro;5.9 billion gap in the previous month.
The Halifax House Price Index rose by 2.5% year-over-year in January, while German industrial output declined by 1.6% month-over-month in December.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Wednesday, with Japan&rsquo;s Nikkei 225 falling 0.11%, Hong Kong&rsquo;s Hang Seng Index falling 0.34% and China&rsquo;s Shanghai Composite Index gaining 1.44%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.06%.
China&#39;s vehicle sales climbed by 47.9% year-over-year to 2.44 million units in January. China&#39;s foreign exchange reserves fell to $3.219 trillion in January from $3.238 trillion in the prior month. Foreign exchange reserves in Hong Kong fell to $423.2 billion in January.
The index of leading economic indicators in Japan rose to 110.0 in December versus a revised reading of 108.1 in the previous month, while index of coincident economic indicators rose to 116.2 in December from a final reading of 114.6. Reserve assets in Japan declined to $1.292 trillion in January from $1.295 trillion a month ago.
&nbsp;
<h3>Economics</h3>
&nbsp;
US mortgage applications increased by 3.7% on the week ending Feb. 2.
The trade deficit in the US came in at $62.2 billion in December versus a revised $61.9 billion gap in November.
Now Read This: <a href="https://www.benzinga.com/news/24/02/36977073/wall-streets-most-accurate-analysts-hold-sell-these-3-tech-and-telecom-stocks-with-over-3-dividend-y"> Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Tech And Telecom Stocks With Over 3% Dividend Yields </a>

NVTA

UBER

US Stocks Gain; Uber Posts Upbeat Sales

<ul>
<li>SNAP: -30.4% | <a href="https://www.benzinga.com//node/36979570">Snap shares are trading lower after the company reported mixed Q4 results.</a></li>
<li>BDRX: +59.81% | <a href="https://www.benzinga.com//node/36980034">Biodexa Pharmaceuticals shares are trading higher after the company announced a notice of allowance of a US patent covering Tolimidone.</a></li>
<li>GLT: +134% | <a href="https://www.benzinga.com//node/36980003">Glatfelter shares are trading higher after Berry Global announced definitive agreements to spin-off and merge the majority of its Health, Hygiene and Specialties segment and Films Business with Glatfelter.&nbsp;</a></li>
</ul>
&nbsp;

BDRX

Market-Moving News for Feb. 7

Glatfelter shares are trading higher after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.

Transaction values the combined company at&nbsp;$3.6 billion&nbsp;on an enterprise value basis, with pro forma revenue of ~$3.6 billion&nbsp;and Adj. EBITDA&nbsp;(1)&nbsp;of ~$455 million.&nbsp;Berry and Glatfelter shareholders to own&nbsp;90%&nbsp;and&nbsp;10%&nbsp;of the combined company, respectively. Berry to receive an approximate net&nbsp;$1 billion&nbsp;cash distribution at closing

Berry Global And Glatfelter Plan For Tax-Free Spin-Off And Merger Of Berry's Health, Hygiene And Specialties Global Nonwovens And Films Business With Glatfelter

Stainless steel and carbon steel engineer and manufacturer ZK International Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zkin#NASDAQ">ZKIN</a>) has regained compliance with Nasdaq over a bid price deficiency after the company&#39;s closing bid price exceeded $1.00 for 10 <a href="https://www.benzinga.com/topic/metals">consecutive business days.</a>
In November, the Nasdaq Hearings Panel granted ZK International a temporary exception until Jan. 31, 2024, to regain compliance. ZK International is currently trading at $1.11.
As of this writing, four stocks within the materials sector are trading at overbought levels, which could signal that&nbsp;a shift in momentum is on the horizon.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/equities/23/12/36387459/semiconductor-stocks-soar-to-all-time-highs-on-track-for-strongest-year-since-2008-but-are-they-">Semiconductor Stocks Soar To All-Time Highs: On Track For Strongest Year Since 2008, But Are They Too Expensive Now?</a>
Alcoa Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>), Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>), Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) and Ingevity Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvt#NYSE">NGVT</a>) have all seen significant price increases over the past month, with their RSIs exceeding the typical overbought threshold of 70.
Given these sizable moves over the month and the overbought RSI levels, these four companies could see a reversion to the mean in the short term.
The month-to-date performance and RSI levels for each company are:
<ul>
<li>AA: +25% RSI: 74</li>
<li>GLT: +34% RSI: 73</li>
<li>ASPN: +51% RSI: 78</li>
<li>NGVT: 25.5% RSI: 71.5</li>
</ul>
After Gold Fields Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gfi#NYSE">GFI</a>) announced its share purchase agreement with Galiano Gold Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gau#NYSE">GAU</a>) to sell its stake in the Asanko joint venture in Ghana on Dec. 21, Galiano Gold is set to own 90% of one of the largest gold mines in West Africa. The government of Ghana will own the remaining 10%.
Galiano Gold&rsquo;s commitment to acquire a 45% stake in the gold mine for $170 million (bringing its total stake to 90%) came after the company provided an update on its exploration activities at the Asanko Gold Mine.
Now Read:&nbsp;<a href="https://www.benzinga.com/government/23/12/36386282/white-house-declines-to-overturn-apple-watch-ban-analyst-estimates-impact-at-300m-or-more">White House Declines To Overturn Apple Watch Ban: Analyst Estimates Impact At $300M Or More</a>
Photo: Shutterstock

ASPN

NGVT

ZKIN

ZK International Meets Nasdaq Standards; Overbought Trends In Materials Sector; Galiano Gold Updates On Asanko

As of Dec. 26, 2023, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Alcoa Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>)</h3>
<ul>
<li>On Dec. 21, Alcoa named Matt Reed as EVP and Chief Operations Officer, effective Jan. 1, 2024. The company&rsquo;s stock jumped around 28% over the past month and has a <a href="https://www.benzinga.com/quote/AA">52-week high of $57.61 </a>.</li>
<li>RSI Value: 73.85</li>
<li>AA Price Action: Shares of Alcoa gained 5.5% to close at $33.77 on Friday.</li>
</ul>
<h3>Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>)</h3>
<ul>
<li>On Nov. 2, Glatfelter reported a decline in third-quarter sales. The company&rsquo;s stock gained around 37% over the past month and <a href="https://www.benzinga.com/quote/GLT"> has a 52-week high </a> of $4.87.</li>
<li>RSI Value: 72.98</li>
<li>GLT Price Action: Shares of Glatfelter gained 6.3% to close at $1.87 on Friday.</li>
</ul>
<h3>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>)</h3>
<ul>
<li>On Dec. 20, Aspen Aerogels reported a $75 million registered direct offering of 6,060,607 shares of common stock at an offering price of $12.375 per share. The company&rsquo;s stock jumped around 42% over the past month and has a <a href="https://www.benzinga.com/quote/ASPN"> 52-week high </a> of $15.52.</li>
<li>RSI Value: 77.89</li>
<li>ASPN Price Action: Shares of Aspen Aerogels gained 4% to close at $15.38 on Friday.</li>
</ul>
<h3>Ingevity Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvt#NYSE">NGVT</a>)</h3>
<ul>
<li>On Nov. 1, Ingevity posted in-line earnings for its third quarter. The company&rsquo;s stock gained around 24% over the past month and has a 52-week high is $90.81.</li>
<li>RSI Value: 71.49</li>
<li>NGVT Price Action: Shares of Ingevity gained 3.3% to close at $47.82 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/23/12/36341285/costco-nvidia-and-2-other-stocks-insiders-are-selling"> Costco, Nvidia And 2 Other Stocks Insiders Are Selling </a>

Short Ideas

Pre-Market Outlook

Top 4 Materials Stocks That May Collapse This Quarter

Glatfelter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLT#NYSE">GLT</a>) reported quarterly losses of $(0.23) per share. This is a 130 percent decrease over losses of $(0.10) per share from the same period last year. The company reported $329.92 million in sales this quarter. This is a 11.26 percent decrease over sales of $371.78 million the same period last year.

Glatfelter Q3 2023 Adj EPS $(0.23) Down From $(0.10) YoY, Sales $329.92M Down From $371.78M YoY

The Dow Jones closed lower by over 250 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Real Good Food Company </h3>
<ul>
<li>The Trade: The Real Good Food Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgf#NASDAQ">RGF</a>) 10% owner Philotimo Focused Growth Income Fund <a href="https://www.benzinga.com/quote/RGF/analyst-ratings"> acquired a total of 110,000 shares </a> an average price of $2.35. To acquire these shares, it cost around $258,500.</li>
<li>What&rsquo;s Happening: The Real Good Food Company recently priced public offering of 6,785,715 class A common stock at $2.10 per share.</li>
<li>What Real Good Food Company Does: The Real Good Food Company Inc is an innovative, high-growth, branded, health- and wellness-focused frozen food company.</li>
</ul>
<h3>Glatfelter</h3>
<ul>
<li>The Trade: Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) 10% owner Duane Clint Carlson <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 150,000 shares </a> at an average price of $1.56. To acquire these shares, it cost around $234,018.</li>
<li>What&rsquo;s Happening: Glatfelter entered into an agreement with Ekman &amp; Co. to market Glatfelter&#39;s high quality, specialty Abaca pulp exclusively through Ekman&#39;s global sales agency platform.</li>
<li>What Glatfelter Does: Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company operates through two segments: Composite Fibers and Airlaid Materials.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/10/35457437/amazon-chevron-and-3-stocks-to-watch-heading-into-friday"> Amazon, Chevron And 3 Stocks To Watch Heading Into Friday </a>
<h3>Arcutis Biotherapeutics </h3>
<ul>
<li>The Trade: Arcutis Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arqt#NASDAQ">ARQT</a>) Director Patrick Heron <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 80,000 shares </a> at an average price of $2.50. The insider spent $200,000 to buy those shares.</li>
<li>What&rsquo;s Happening: Arcutis Biotherapeutics announced the pricing of a $100 million public offering of 32.5 million common shares at $2.50 per share.</li>
<li>What Arcutis Biotherapeutics Does: Arcutis Biotherapeutics Inc is a medical dermatology company. It is developing treatments for patients with immune-mediated dermatological diseases and conditions.</li>
</ul>
<h3>MSP Recovery </h3>
<ul>
<li>The Trade: MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) CEO John H. Ruiz <a href="https://www.benzinga.com/quote/XPL/analyst-ratings"> acquired a total of 467,290 shares </a> at an average price of $1.07. The insider spent around $500,000 to buy those shares.</li>
<li>What&rsquo;s Happening: MSP Recovery announced a 1-for-25 reverse stock split to regain compliance with Nasdaq&#39;s minimum bid price requirement.</li>
<li>What MSP Recovery Does: MSP Recovery Inc is a healthcare recoveries and data analytics company. The business model includes two principal lines of business: Claims Recovery and Chase to Pay Services.</li>
</ul>
&nbsp;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Long Ideas

Insider Trades

ARQT

LIFW

MSP Recovery And 3 Other Stocks Under $3 Insiders Are Buying

The Dow Jones closed lower by around 0.5% on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Glatfelter </h3>
<ul>
<li>The Trade: Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) 10% owner Duane Clint Carlson <a href="https://www.benzinga.com/quote/GLT/analyst-ratings"> acquired a total of 236,000 shares </a> an average price of $1.80. To acquire these shares, it cost around 424,800.</li>
<li>What&rsquo;s Happening: Glatfelter entered into an agreement with Ekman &amp; Co. to market Glatfelter&#39;s high quality, specialty Abaca pulp exclusively through Ekman&#39;s global sales agency platform.</li>
<li>What Glatfelter Does: Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company operates through two segments: Composite Fibers and Airlaid Materials.</li>
</ul>
<h3>Dalrada Financial</h3>
<ul>
<li>The Trade: Dalrada Financial Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dfco#OTC">DFCO</a>) CEO Brian Bonar <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 7,300 shares </a> at an average price of $0.25. To acquire these shares, it cost around $1,809.</li>
<li>What&rsquo;s Happening: Dalrada Financial said its subsidiary, Dalrada Technology Spain, entered into an agreement with JBS Consulting, a Paris-based distributor, to build and install as many as 2,300 commercial-grade, energy-efficient heat pumps over the course of five years.</li>
<li>What Dalrada Financial Does: Dalrada Financial Corp is a United States-based company engaged in providing financial, insurance, benefit, and business process outsourcing products and services to companies.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/10/35235013/citigroup-jpmorgan-and-3-stocks-to-watch-heading-into-friday"> Citigroup, JPMorgan And 3 Stocks To Watch Heading Into Friday </a>
<h3>Lexicon Pharmaceuticals </h3>
<ul>
<li>The Trade: Lexicon Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxrx#NASDAQ">LXRX</a>) Director Raymond Debbane <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 1,000,000 shares </a> at an average price of $1.10. The insider spent $1.1 million to buy those shares.</li>
<li>What&rsquo;s Happening: Lexicon Pharmaceuticals said findings from two studies on the cost-effectiveness and budget impact of INPEFA&reg; (sotagliflozin) will be presented at the Academy of Managed Care Pharmacy (AMCP) Nexus 2023 National Meeting on October 16-19, 2023, in Orlando, Florida.</li>
<li>What Lexicon Pharmaceuticals Does: Lexicon Pharmaceuticals Inc is a biopharmaceutical company. It is engaged in the discovery, development, and commercialization of pharmaceutical products for the treatment of human diseases.</li>
</ul>
<h3>Augusta Gold </h3>
<ul>
<li>The Trade: Augusta Gold Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/augg#OTC">AUGG</a>) Executive Chairman Richard Warke <a href="https://www.benzinga.com/quote/SPWH/analyst-ratings"> acquired a total of 15,000 shares </a> at an average price of $0.51. The insider spent around $7,600.</li>
<li>What&rsquo;s Happening: The company&rsquo;s stock gained around 9% over the past month.</li>
<li>What Augusta Gold Does: Augusta Gold Corp is an exploration-stage company. The company is primarily engaged in the acquisition and exploration of gold properties.</li>
</ul>
&nbsp;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

AUGG

DFCO

LXRX

Lexicon Pharmaceuticals And 3 Other Stocks Under $2 Insiders Are Buying

The Dow Jones closed higher by over 100 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Glatfelter </h3>
<ul>
<li>The Trade: Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) 10% owner Duane Clint Carlson <a href="https://www.benzinga.com/quote/GLT/analyst-ratings"> acquired a total of 325,000 shares </a> an average price of $1.94. To acquire these shares, it cost around $630,925.</li>
<li>What&rsquo;s Happening: Glatfelter entered into an agreement with Ekman &amp; Co. to market Glatfelter&#39;s high quality, specialty Abaca pulp exclusively through Ekman&#39;s global sales agency platform.</li>
<li>What Glatfelter Does: Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company operates through two segments: Composite Fibers and Airlaid Materials.</li>
</ul>
<h3>NetSol Technologies</h3>
<ul>
<li>The Trade: NetSol Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntwk#NASDAQ">NTWK</a>) CEO Najeeb Ghauri <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 5,000 shares </a> at an average price of $1.90. To acquire these shares, it cost around $9,500.</li>
<li>What&rsquo;s Happening: NETSOL Technologies reported a year-over-year decrease in fourth-quarter EPS results and issued FY24 revenue guidance.</li>
<li>What NetSol Technologies Does: NETSOL Technologies Inc is involved in providing information technology and enterprise software solutions.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/23/10/35102872/maxcyte-rivian-automotive-and-other-big-stocks-moving-lower-in-thursdays-pre-market-session"> MaxCyte, Rivian Automotive And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session </a>
<h3>Clearside Biomedical </h3>
<ul>
<li>The Trade: Clearside Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsd#NASDAQ">CLSD</a>) Director Nancy Hutson <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 10,000 shares </a> at an average price of $0.86. The insider spent $8,600 to buy those shares.</li>
<li>What&rsquo;s Happening: Clearside Biomedical posted a wider-than-expected second-quarter loss.</li>
<li>What Clearside Biomedical Does: Clearside Biomedical Inc is a United States-based clinical biopharmaceutical company. It is engaged in developing pharmacological therapies to treat blinding disease of the eye through the suprachoroidal space, or SCS.</li>
</ul>
<h3>Lixte Biotechnology </h3>
<ul>
<li>The Trade: Lixte Biotechnology Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lixt#NASDAQ">LIXT</a>) Director Rene Bernards <a href="https://www.benzinga.com/quote/LIXT/analyst-ratings"> acquired a total of 10,000 shares </a> at an average price of $2.41. The insider spent around $24,116.</li>
<li>What&rsquo;s Happening: LIXTE recently named Bas Van Der Baan as President and Chief Executive Officer.</li>
<li>What Lixte Biotechnology Does: Lixte Biotechnology Holdings Inc is a drug discovery company that has a developed unique, proprietary, first-in-class protein phosphatase inhibitor, LB-100, as its lead clinical compound.</li>
</ul>
&nbsp;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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LIXT

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Clearside Biomedical And 3 Other Stocks Under $3 Insiders Are Buying

Glatfelter Corporation ("Glatfelter" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLT#NYSE">GLT</a>), a leading global supplier of engineered materials, has entered into an agreement with Ekman &amp; Co. to market Glatfelter's high quality, specialty Abaca pulp exclusively through Ekman's global sales agency platform. &nbsp;
Glatfelter has increased its market capacity of Abaca pulp and is partnering with Ekman's global sales organization to reach new and innovative markets for this fiber.
Abaca is a unique, durable, strong fiber with a variety of applications, including filtration (tea, coffee), currency paper, textile, rope &amp; twine, and several other applications where strength, porosity, and natural fibers are required.
"We are excited about this new relationship with Ekman," said Thomas Fahnemann, President &amp; CEO of Glatfelter. "As we continue to grow our position as a producer of Abaca for the market, we have a natural fit with Ekman, whose logistical platform and expertise in specialty pulp will help us both win in this growing market."
"Glatfelter is going to be a great global partner," said Lewis Fix, VP of Pulp at Ekman. "They have high quality production, technical expertise, and a passion for creating fibers sustainably that people use every day. Aligning that supply with Ekman's market access will create value for us and, most importantly, our customers."

Glatfelter & Ekman Initiate Partnership To Sell Abaca Pulp Globally

CARLSON CAPITAL L P, 10% Owner at Glatfelter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLT#NYSE">GLT</a>), reported a large insider buy on August 17, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000041719/000089924323018213//Archives/edgar/data/41719/000089924323018213/0000899243-23-018213-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that P purchased 250,000 shares of Glatfelter. The total transaction amounted to $500,083. 
Glatfelter shares are trading up 6.83% at $2.19 at the time of this writing on Friday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000041719">Check Out The Full List Of Glatfelter's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Glatfelter Recent Insider Activity

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Glatfelter (GLT) has provided an announcement. Glatfelter Corporation has entered into a transaction to merge its global nonwovens and hygiene film...

Glatfelter and Berry Global Executives Lead New Joint Venture

Polaris Global Equity Composite Q1 2024 Commentary

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Press Releases

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DOOR, CRC, GLT, ZFOX

Shareholder Alert: Ademi LLP investigates whether Glatfelter Corporation has obtained a Fair Price in its transaction with Berry Global Group

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates FREE, MDC, KAMN, GLT

Glatfelter Reports Fourth Quarter and Year End 2023 Results

Legal

Kuehn Law Encourages AGTI, GLT, NGM, and AA Investors to Contact Law Firm

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates CALB, AVRO, GLT, FREE

Armstrong World Industries Names Dawn Kirchner-King as SVP, Chief Human Resources Officer

Glatfelter Corporation to Report Earnings on May 9th

Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry's Health, Hygiene, and Specialties Global Nonwovens and Films Business

Berry and Glatfelter Announce Regulatory Milestone in Proposed Transaction for Spin-Off and Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

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Glatfelter Stock (NYSE:GLT), Short Interest Report

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