WISCONSIN (CoinChapter.com) — Tuesday saw a decrease in stocks as Wall Street was under pressure from worries about the status of the world economy and declining bank stocks. The Dow Jones Industrial Average dropped 0.8%, while the NASDAQ Composite and S&P 500 both experienced declines of 0.9% and 0.8%, respectively.
Here are the 5 best stock market gainers:
Delcath Systems Inc. (NASDAQ:DCTH) Stock Price
Delcath Systems Inc. (NASDAQ: DCTH), a leading interventional oncology company, announced today that the US Food and Drug Administration (FDA) had given its approval for HEPZATO KIT™, a liver-directed treatment for adult patients with metastatic uveal melanoma (mUM).
This significant development signifies a breakthrough in treating primary and metastatic liver cancers, particularly for patients with unresectable hepatic metastases affecting less than 50% of the liver.
Siyata Mobile Inc. (NASDAQ:SYTA) Stock Price
Siyata Mobile Inc. (Nasdaq: SYTA) recently disclosed its Q2 2023 financial results, showcasing expansion in its revenue stream. The company’s revenue surged by 180% on a year-over-year basis, primarily driven by the robust sales of the mission-critical PoC (MCPTT) SD7 solution.
CEO Marc Seelenfreund noted that adopting Siyata Mobile’s critical communication devices is on an upward trajectory, with purchase orders for the SD7 handset and its accessories exceeding $5 million since the inception of 2023.
This growth is mirrored by the company’s resellers, who forecast an increase in demand. The firm’s revenues for Q2 2023 amounted to $2.7 million.
Grove Collaborative Holdings Inc. (NYSE:GROV) Stock Price
Grove Collaborative Holdings Inc. (NYSE: GROV), a leading sustainable consumer products company and Certified B Corp, has announced leadership updates to closely align the Company with its future growth and market expansion initiatives.
Stuart Landesberg, co-founder of Grove Collaborative, will relinquish his role as CEO effective August 16, 2023, transitioning to Executive Chairman of the Board. In his new role, Mr. Landesberg will continue to oversee strategy, capital markets, and corporate development, among other things.
These changes sparked investors to push the stock up over 27% today.
LL Flooring Holdings Inc. (NYSE:LL) Stock Price
LL Flooring Holdings Inc. (NYSE: LL) has announced that its Board of Directors is exploring strategic alternatives for a potential transaction with the company in response to multiple inbound interests. The LL Flooring Board of Directors will consider various options, including a potential sale, merger, or other strategic transaction.
Nancy Taylor, the Independent Chairperson of the Board of Directors, expressed the board’s confidence in the company’s strategy during this exploration period.
Arena Group Holdings Inc. (NYSE:AREN) Stock Price
The Arena Group Holdings Inc. (NYSE:AREN), a leading technology platform and media conglomerate, announced today that it had signed a binding Letter of Intent (LOI) with Simplify Inventions, LLC and its founder, Manoj Bhargava.
This move marks a milestone in the media industry as the Arena Group Signs Binding LOI to Combine with Bridge Media Networks.
Renowned for its vast portfolio of over 265 brands, such as Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, Arena Group’s acquisition of certain assets of Bridge Media Networks is set to strengthen its market position.
Bridge Media Networks is a privately held media group operating two national television networks distributed across more than 100 owned and affiliated over-the-air locations.
