Top 5 Stock Market Gainers: ICCT, DGBI, CONN, AEON, ADTX

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WISCONSIN (CoinChapter.com) — In the stock market today, the Dow Jones Industrial Average dropped 0.1%. The NASDAQ Composite rose by 0.1%, and the S&P 500 increased by 0.04%.

iCoreConnect Inc. (NASDAQ: ICCT), a leading cloud-based software and technology company, has provided an update regarding its business combination with FG Merger Corp.

The company, known for enhancing workflow productivity and profitability in the enterprise and healthcare sectors, faced a temporary halt in trading on NASDAQ today due to an identified discrepancy in the conversion of certain shares using the post-business combination exchange ratio.

The issue has since been rectified. The company’s transparency was welcomed by investors, who added 45.74% to the stock price.

The stock of Digital Brands Group Inc. (NASDAQ: DBGI), a company specializing in women’s apparel, has experienced a noteworthy increase of 36.50% today.

This rise is intriguing as it has occurred without any recent press releases from the company, no new filings with the Securities and Exchange Commission, and no fresh analyst coverage that might usually explain such a rally.

The heavy trading activity alongside this unexpected upswing implies that market participants are showing increased interest in DBGI stock, even without direct news from the company.

Conn’s Inc. (NASDAQ: CONN) recently announced its Q2 fiscal year 2023 results, showcasing significant growth and stability. The company’s Interim President and CEO, Norm Miller, attributed the successful quarter to recent enhancements in marketing strategies and credit application processes.

These improvements resulted in a substantial 30.6% increase in applications, leading to a rise in sales financed through Conn’s in-house credit offering.

Retail gross margin also grew 230 basis points from the previous year, reaching its highest level in seven quarters. This was facilitated by strategic pricing and assortment changes implemented since the end of last year.

Furthermore, despite the increased credit activity, credit quality remains stable, reflecting effective management and solid business performance.

AEON Biopharma Inc. (NYSE: AEON), a clinical-stage biopharmaceutical firm, has announced the presentation of positive results from the Phase 2 clinical study of ABP-450, a proprietary botulinum toxin complex developed for the treatment of various debilitating medical conditions.

The study addressed cervical dystonia, a chronic neurologic disorder affecting neck muscles. The compelling results were shared at the International Parkinson and Movement Disorders Society Congress (IP-MDS) held in Copenhagen, Denmark, between August 27 – 31, 2023.

No releases were made by Aditxt Inc. (NASDAQ: ADTX), contributing to the 22.07% increase in stock today. Most recently, on August 23, 2023, Aditxt, Inc. announced that the company entered a Business Loan and Security Agreement with a lender.

The company secured a loan of approximately $1.4 million, which will be used to settle outstanding balances from April and July loans. The agreement also includes an origination fee of $70,000. As part of the terms of the agreement, Aditxt, Inc. has granted the lender a continual secondary security interest in specific collateral, as outlined in the agreement.

I began the financial industry in 1995 buying/selling mutual funds and US stocks. In 2007 I switched full-time to forex, later adding cryptocurrencies because of expanded interest in the field. I trade forex on the MT4 and write forex/cryptocurrency reports consisting of news and technical analysis. My writing has a nice balance of technical information for the seasoned trader, with plain enough language for a beginner.

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