CUPR Overview

LightPath Technologies Performance: LightPath Technologies Inc. shares rose 6.8% in pre-market trading after reporting a quarterly loss of 7 cents per share, which was better than the expected 9-cent loss, alongside revenue of $15.05 million exceeding estimates.

Notable Gainers: Salarius Pharmaceuticals surged 170% after announcing pricing for its public offering, while Kandal M Venture and Amaze Holdings also saw significant pre-market gains of 70.4% and 68.4%, respectively.

Significant Losers: MSP Recovery Inc. dropped 18.2% in pre-market trading following a previous surge, with other notable declines including Aspire Biopharma and Rain Enhancement Technologies, which fell 16.5% and 14.3%, respectively.

Market Overview: The article provides a snapshot of various stocks moving in pre-market trading, highlighting both gainers and losers, along with specific percentage changes in their share prices.

U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones falling over 250 points, while the NASDAQ and S&P 500 saw slight gains. Information technology shares rose by 2.2%, but consumer staples stocks fell by 1.3%.

Producer Prices and Economic Indicators: U.S. producer prices declined by 0.1% in August, contrasting with a 0.7% gain in July and below market expectations. Additionally, mortgage applications increased by 9.2%, and wholesale inventories rose by 0.1% in July.

Notable Stock Movements: Wearable Devices Ltd. shares surged 577% after reporting strong earnings and securing a patent, while Cuprina Holdings and Vimeo also saw significant gains. Conversely, YY Group and Synopsys experienced substantial declines in their stock prices.

Global Market Trends: European shares were mixed, with the eurozone's STOXX 600 slightly up, while Asian markets closed higher, led by gains in Japan and Hong Kong.

Warning of Pump-and-Dump Schemes: Edwin Dorsey, author of "The Bear Cave," has highlighted a surge in pump-and-dump stock schemes targeting thinly traded China-based stocks, with specific stocks like QMMM and Cuprina Holdings experiencing extreme price volatility.

Evidence of Manipulation: Stocks mentioned in Dorsey's report have shown significant price increases without substantial news, indicating potential manipulation, prompting Dorsey to launch a website to gather evidence against the scammers.