Last week featured five announced SPAC deals and several rumors. The week also had earnings from several well-known former SPACs. Here is a look back at the week in SPACs for deals, rumors and headline news all covered on Benzinga’s “SPACs Attack.”
Benzinga has examined the prospects for many of investors' favorite stocks over the past week.
The past week's bullish calls included a couple of FAANG stocks and a company that just took a big hit.
Gainers
Nemaura Medical Inc. (NASDAQ: NMRD) shares surged 135.3% to close at $11.06 on Wednesday after the company receipt of a purchase order for 5,000 sugarBEAT transmitters and 200,000 sugarBEAT sensors from its U.K. licensee, DB Ethitronix Ltd.
Companies Reporting Before The Bell
• ViacomCBS (NASDAQ:VIAC) is projected to report quarterly earnings at $1.22 per share on revenue of $7.30 billion.
One of the most popular names in the SPAC world is Chamath Palihapitiya.
After months of not announcing a deal or financing the PIPE on an announced deal, Palihapitiya’s name has popped up on a rumor Tuesday night.
Peloton Interactive Inc (NASDAQ: PTON) shares are trading lower by 4.4% at $98.65 during Thursday's trading session. Weakness is potentially related to competitor Ergatta raising additional funding, as well as continued selling in pandemic-related, stay-at-home stocks amid the U.S.