The All-New Grom Social Media App For Kids Is Here

Reuters

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Grom Social Congratulates Its Original Ambassador, Caroline Marks, As She Takes The Gold Medal For Team Usa In Women's Surfing At 2024 Olympics

Reuters

Grom Social Enterprises

0.00%

BOCA RATON, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (gromsocialenterprises.com), the company that helped usher in safe social media exclusively for kids, last night cheered its original brand ambassador – Caroline Marks – on her path to the medal stand as she secured the gold medal in women’s surfing for Team USA at the 2024 Paris Olympics surfing venue in French Polynesia’s Teahupo’o, Tahiti. Caroline, whose brother, Zach, first conceived the idea for Grom Social when he was just 12, was the target of cyberbullying in middle school, and her experience helped spotlight the need for safe social media for kids. Today, the company will unveil a newly overhauled app with enhanced safety features in the Apple Store on IOS, with an Android version to follow at a later date.

Since its inception in 2012, first as a website, Grom has remained steadfastly committed to giving kids under 13 a social media experience just for them and free of inappropriate content, cyberbullying and target marketing. Today, Caroline serves as a company brand ambassador for Grom as her brother, Zach, is the app’s founder and Chief Content Officer. Their father, Darren Marks, is CEO of Grom Social Enterprises, Inc., which has expanded its offerings through a portfolio of services as a leading provider of family-friendly entertainment, media, and technology solutions.

“From her early days of surfing the web to last night, where she rode a wave of support, Caroline never gave up her dream of being the best, no matter how many waves knocked her down,” said Zach Marks. “Time and again, she got back on her board and winning the gold medal at the 2024 Olympics makes all of us at Grom Social feel incredibly proud. Congratulations to my kid sister, and our gold medalist!”

Darren Marks added, “As a father, I couldn’t feel prouder than to see my daughter achieve her goal of winning a gold medal one day and seeing my son’s vision of a new groundbreaking version of the Grom Social app happen within 24 hours of each other! My wife, Sarah, and I join parents everywhere as we encourage our kids, help keep them safe and shape a new generation of inspirational adults.”

About Grom Social Enterprises, Inc. Grom Social Enterprises, Inc. (NASDAQ: GROM) is a growing social media platform and original content provider of entertainment for children under 13 years of age, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, let them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens. The Company owns and operates Top Draw Animation, which produces award-winning animation content for some of the largest international media companies in the world. The company owns an 80% stake in Curiosity Ink Media, which is a global media company that develops, acquires, builds, grows and maximizes the short, mid, and long-term commercial potential of Kids & Family entertainment properties and associated business opportunities. Grom also includes Grom Educational Services, which has provided web filtering services for K-12 schools, government and private businesses. For more information, please visit the Company’s website at https://gromsocialenterprises.com.

Safe Harbor Statement:This press release may contain forward-looking statements about Grom Social Enterprises, Inc. activities that are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods, and other risks set forth in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including, but not limited to general stock market conditions. We have incurred and will continue to incur significant expenses in the expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long-term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time. All forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

Media Relations Contacts:Steve Syatt: Steve@ssapr.comPaul Ward: Media@gromsocial.com

https://www.globenewswire.com/newsroom/ti?nf=OTE5OTc5MiM2NDEwMDM2IzIyNDU3Mzc=

https://ml.globenewswire.com/media/YmI3YzlhYTgtZDYxOC00OWVhLThkYzctOWFhNDlmZmVkNzA1LTEyNTcyOTA=/tiny/Grom-Social-Enterprises.png

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Why Saia Shares Are Trading Lower? Here Are Other Stocks Moving In Friday's Mid-Day Session

Benzinga

Saia

-1.59%

BurgerFi International

0.00%

BurgerFi International, Inc. Warrant

0.00%

Windtree Therapeutics

0.00%

Regencell Bioscience

+3.98%

Shares of Saia, Inc. fell sharply during Friday's session after the company reported worse-than-expected second-quarter financial results.

Saia reported quarterly earnings of $3.83 per share which missed the analyst consensus estimate of $4.00 per share. The company reported quarterly sales of $823.24 million which missed the analyst consensus estimate of $826.55 million, according to data from Benzinga Pro.

Saia shares dipped 18.6% to $398.01 on Friday.

Here are some other stocks moving in today’s mid-day session.

Gainers

BurgerFi International, Inc. gained 117.4% to $0.4639 after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.
Windtree Therapeutics, Inc. shares jumped 101.3% to $6.67 after the company filed a request for the withdrawal of its registration statement on a Form S-1.
Regencell Bioscience Holdings Limited gained 53% to $13.94.
Coursera, Inc. shares gained 46.2% to $10.83 after the company beat second-quarter earnings estimates.
Carbon Revolution Public Limited Company shares climbed 43.3% to $8.84. Carbon Revolution said it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1.
Everi Holdings Inc. rose 41.1% to $12.93 after it entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash.
Nauticus Robotics, Inc. K gained 37% to $4.45.
Newell Brands Inc. jumped 36.6% to $8.66 on better-than-expected second-quarter earnings and raising FY24 outlook.
Sangamo Therapeutics, Inc. gained 35% to $0.9043.
CEL-SCI Corporation rose 28% to $1.55 after the company announced results from a bias analysis conducted for its concluded Phase 3 study of Multikine. Multikine cut the 5-year risk of death by half compared to control in its target population.
AudioEye, Inc. rose 25% to $24.52 following second-quarter results.
Pineapple Financial Inc. gained 24.4% to $1.1760. Pineapple Financial CSO Christa Lillian Mitchell bought a total of 2,000 shares at an average price of $0.88.
Douglas Elliman Inc. climbed 23% to $1.66.
CareMax, Inc. rose 19% to $6.71.
Liberty Broadband Corporation rose 17.6% to $65.16.
Charter Communications, Inc. jumped 17% to $368.65 after the company reported better-than-expected second-quarter financial results.
Mohawk Industries, Inc. gained 16.5% to $156.70 following mixed second-quarter earnings.
Karooooo Ltd gained 16% to $33.40. Karooooo announced termination of secondary public offering of ordinary shares due to market conditions.
3M Company climbed 15% to $118.99 after better-than-expected second-quarter financial results and FY24 EPS outlook raise.
International Game Technology PLC gained 13.4% to $22.86 after the company entered an agreement for its Gaming & Digital business to be acquired by funds managed by affiliates of Apollo.
Altice USA, Inc. rose 12.1% to $1.76.
Stardust Power Inc. S rose 11% to $15.06.
Avantor, Inc. surged 11% to $25.32 after the company reported better-than-expected second-quarter earnings results.
Norfolk Southern Corporation gained 10.7% to $246.86 after the company reported better-than-expected second-quarter earnings results.
Selina Hospitality PLC shares gained 10.4% to $0.0415 after falling over 17% on Thursday.
Viasat, Inc. rose 9% to $20.58. Viasat announced new reporting segment structure.
Deckers Outdoor Corporation shares gained 8.7% to $914.71 as the company reported better-than-expected results for the first quarter. The company said it still expects net sales to increase approximately 10% year-over-year in fiscal year 2025 to $4.7 billion.
Bristol-Myers Squibb Company climbed 7.6% to $48.69 following strong second-quarter earnings and increased 2024 guidance.
Centene Corporation climbed 7.6% to $72.55 following better-than-expected second-quarter financial results and increased 2024 guidance.
Columbia Banking System, Inc. rose 7.4% to $25.98 after the company reported better-than-expected quarterly earnings results. Also, multiple firms raised their respective price targets on its stock.
Aon plc gained 6.8% to $319.30 after the company reported better-than-expected quarterly revenue results.
Ultra Clean Holdings, Inc. shares gained 4.7% to $47.26 following better-than-expected quarterly results.

Losers

NovaBay Pharmaceuticals, Inc. shares dipped 59.6% to $0.7830 after the company reported pricing of $3.5 million underwritten public offering.
Tantech Holdings Ltd fell 46.9% to $0.2603.
Nature’s Miracle Holding Inc fell 46.4% to $0.2099 after the company announced pricing of $1.2 million public offering.
DexCom, Inc. shares declined 40.7% to $63.97 after the company reported worse-than-expected second-quarter revenue results and issued weak FY24 revenue guidance.
Predictive Oncology Inc. fell 29.6% to $1.3150. Predictive Oncology announced exercise of warrants for $1.26 million gross proceeds.
ProMIS Neurosciences, Inc. declined 29.2% to $1.5006 as the company reported top-line data from its Phase 1a Alzheimer’s trial and announced up to $122.7 million private placement financing.
PS International Group Ltd. P dipped 26.1% to $1.53
Grom Social Enterprises, Inc. fell 23.8% to $0.2751.
Ocean Power Technologies, Inc. shares declined 23.2% to $0.3188 after reporting fourth-quarter results.
Avinger, Inc. fell 20.2% to $1.30.
Next Technology Holding Inc. declined 20.1% to $1.6299.
Zynex, Inc. shares fell 18.9% to $8.27 after the company reported worse-than-expected second-quarter financial results.
2U, Inc. declined 17.6% to $1.24.
Ur-Energy Inc. shares dipped 13.4% to $1.1250 after the company announced a proposed public offering of common shares.
BJ’s Restaurants, Inc. fell 12.6% to $32.53 following quarterly results.
Booz Allen Hamilton Holding Corporation declined 11.8% to $135.36 following a first-quarter earnings miss and soft EPS guidance.
Advent Technologies Holdings, Inc. shares fell 11.2% to $4.40 after gaining 3% on Thursday.
Tarsus Pharmaceuticals, Inc. fell 9.1% to $25.67.
World Acceptance Corporation dipped 7.8% to $134.62 following weak quarterly sales.
Forward Air Corporation fell 7.4% to $25.61.
Olin Corporation shares declined 7.2% to $44.56 following a second-quarter earnings miss.
Carter’s, Inc. shares fell 6.6% to $55.87 following weak quarterly sales.
Biogen Inc. declined 6.3% to $213.01 after the European Medicines Agency adopted a negative opinion on the Marketing Authorization Approval for lecanemab.
Tandem Diabetes Care, Inc. shares fell 6% to $38.18. Tandem Diabetes Care will release its second quarter results after the closing bell on Thursday, Aug. 1.
L3Harris Technologies, Inc. declined 4.6% to $232.05 following second-quarter results.

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Grom Social Enterprises Offering Up to 9.87M Units

Dow Jones Newswires

Grom Social Enterprises

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Grom Social Enterprises Inc. Warrants

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Grom's Top Draw Animation Secures Over $1 Million In New Assignments To Bring 2D Animation Content To Life

Reuters

Grom Social Enterprises

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Why Charles Schwab Shares Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Benzinga

Logistic Properties Of The Americas

+1.71%

NaaS Technology

-7.77%

Shares of The Charles Schwab Corporation fell sharply during Tuesday's session following second-quarter results.

Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro.

Charles Schwab shares dipped 7.5% to $69.42 on Tuesday.

Here are some other stocks moving in today’s mid-day session.

Gainers

Yoshitsu Co., Ltd jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results.
Silo Pharma, Inc. shares climbed 95.4% to $2.12 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer’s drug.
Logistic Properties of the Americas L shares climbed 53.8% to $23.71.
NaaS Technology Inc. N gained 38% to $3.8503.
Virpax Pharmaceuticals, Inc. gained 38% to $1.4799.
AEON Biopharma, Inc. shares rose 29.2% to $2.9450 after jumping around 63% on Monday.
Conduit Pharmaceuticals Inc. gained 27.3% to $0.3055 after declining over 8% on Monday.
AngioDynamics, Inc. surged 24.7% to $7.39 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance.
KWESST Micro Systems Inc. gained 22.8% to $0.4160
Zenvia Inc. climbed 22.7% to $1.9634. The company announced that it entered into an agreement with Alliance Global Partners to offer and sell Class A common shares up to $20 million.
Locafy Limited rose 21% to $4.4150.
SciSparc Ltd. gained 20% to $1.0150.
Koss Corporation rose 19.8% to $10.45.
Alpha Technology Group Limited climbed 19.2% to $3.42.
Meiwu Technology Company Limited shares rose 16.1% to $1.01 after surging around 15% on Monday.
NetSol Technologies, Inc. climbed 16% to $3.0501 as the company signed a $16 million agreement with a major automaker to revolutionize digital car buying and leasing experience in the United States.
Chegg, Inc. gained 15% to $3.6440. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.
8×8, Inc. gained 13.3% to $2.8450. 8×8. secured a $200 million term loan at reduced interest rate.
Fate Therapeutics, Inc. gained 12.8% to $4.39.
Pacific Biosciences of California, Inc. rose 12.8% to $1.8350. PacBio is expected to hold its quarterly conference call to discuss its second quarter financial results on Wednesday, Aug. 7.
Newegg Commerce, Inc. gained 11.8% to $1.14.
Harmony Gold Mining Company Limited jumped 11.8% to $10.57
Sana Biotechnology, Inc. surged 11.7% to $7.11.
ServisFirst Bancshares, Inc. climbed 10.8% to $78.60 after the company reported better-than-expected second-quarter financial result. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $63 to $70.
Match Group, Inc. rose 7.9% to $34.54 after Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.
Arvinas, Inc. gained 7.7% to $32.27.
Shopify Inc. shares rose 7.3% to $68.92 after B of A Securities upgraded the stock from Neutral to Buy.

Losers

Cyngn Inc. C shares fell 22.1% to $7.15 after jumping 54% on Monday.
Autonomix Medical, Inc. shares declined 21.4% to $1.08. Autonomix shares jumped 130% on Monday after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.
Zeo Energy Corp. Z fell 18% to $3.23.
Clearmind Medicine Inc fell 16.7% to $1.85. Clearmind Medicine announced the FDA clearance for IND application of MEAI-based CMND-100 oral capsule.
Crown LNG Holdings Limited C declined 15.8% to $2.65.
Funko, Inc. shares fell 13.3% to $8.71.
Shapeways Holdings, Inc. fell 13.2% to $0.3010.
Vicinity Motor Corp. shares dipped 12.8% to $0.5581 after dipping 10% on Monday.
Trump Media & Technology Group Corp. shares fell 8.7% to $37.04. Trump Media & Technology Group shares jumped over 31% on Monday following the attempted assassination of Donald Trump.
Greenpro Capital Corp. shares fell 8.5% to $1.08. Greenpro Capital shares surged around 35% on Monday after the company announced that its subsidiary, Green-X, secured over $100 million in digital assets.
Grom Social Enterprises, Inc. shares declined 7.8% to $0.3945 after gaining around 10% on Monday.
Reddit, Inc. fell 7.1% to $67.83 after Loop Capital downgraded the stock from Buy to Hold.
Eos Energy Enterprises, Inc. fell 7% to $1.9150.

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Why Match Group Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Benzinga

Match group

-1.72%

Conduit Pharmaceuticals

+0.57%

Conduit Pharmaceuticals Inc. Warrant

Shares of Match Group, Inc. rose sharply in today's pre-market trading.

Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company's performance does not improve, The Wall Street Journal reported on Monday, citing people familiar with the matter.

Match Group shares jumped 8% to $34.56 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

Conduit Pharmaceuticals Inc. gained 89.8% to $0.4556 in pre-market trading after declining over 8% on Monday.
Meiwu Technology Company Limited shares rose 46% to $1.27 in pre-market trading after surging around 15% on Monday.
AEON Biopharma, Inc. shares rose 17.1% to $2.67 in pre-market trading after jumping around 63% on Monday.
36Kr Holdings Inc. rose 11.1% to $0.33 in pre-market trading. 36Kr Holdings said it has entered into a strategic partnership with Zhi-Tech Group to broaden its business expansion and commercialization initiatives.
ConnectM Technology Solutions Inc. C gained 11% to $2.54 in pre-market trading after dipping 35% on Monday.
AgEagle Aerial Systems, Inc. shares gained 9.1% to $0.4990 in pre-market trading after declining around 5% on Monday.
Siebert Financial Corp. shares climbed 8.6% to $1.89 in pre-market trading.
Opendoor Technologies Inc. shares surged 8.6% to $2.76 in pre-market trading. Opendoor Technologies is expected to report second quarter financial results after the closing bell on Thursday, Aug. 1.
Chegg, Inc. gained 5.4% to $3.34 in pre-market trading. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.

Losers

Greenpro Capital Corp. shares fell 20.5% to $0.9384 in pre-market trading. Greenpro Capital shares surged around 35% on Monday after the company announced that its subsidiary, Green-X, secured over $100 million in digital assets.
Autonomix Medical, Inc. shares declined 17.4% to $1.14 in pre-market trading. Autonomix shares jumped 130% on Monday after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.
American Rebel Holdings, Inc. shares fell 17.4% to $0.5550 in pre-market trading after jumping 29% on Monday.
Cyngn Inc. C shares fell 15% to $7.80 in pre-market trading after jumping 54% on Monday.
DatChat, Inc. fell 12.2% to $1.66 in pre-market trading. Shares of DatChat jumped around 78% on Monday possibly after the attempted assassination of former President Donald Trump over the weekend.
Qualigen Therapeutics, Inc. shares fell 9.7% to $0.3493 in pre-market trading after dipping more than 10% on Monday.
Vicinity Motor Corp. shares dipped 10.8% to $0.57 in pre-market trading after dipping 10% on Monday.
Trump Media & Technology Group Corp. shares fell 8.8% to $37.03 in pre-market trading. Trump Media & Technology Group shares jumped over 31% on Monday following the attempted assassination of Donald Trump.
Anavex Life Sciences Corp. fell 7% to $5.43 in pre-market trading after surging 8% on Monday.
Grom Social Enterprises, Inc. shares declined 6.5% to $0.40 in pre-market trading after gaining around 10% on Monday.