BM Technologies, Capri Holdings, WisdomTree Lead Mid-Day Bullish Retail Sentiment

BM Technologies Inc. ($BMTX)

Shares of BM Technologies soared nearly 50% on Friday after First Carolina Bank announced it would acquire the company in an all-cash deal valued at $67 million.

BM Technologies shareholders will receive $5 per share in cash, a 55% premium over Thursday's trading price and a 90% premium since August 14, when BM Technologies first reported outside interest.

At a share price of $4.86, this is the highest BM Technologies’ stock has been valued in two years. It has gained 122% so far in 2024.

Retail sentiment on Stocktwits was ‘extremely bullish’ (97/100) accompanied by ‘extremely high’ (97/100) chatter.

Capri Holdings Limited ($CPRI)

Shares of Capri Holdings plunged as much as 48% on Friday after its $8.5 billion proposed acquisition by Tapestry Inc. ($TPR) was blocked in a US District Court after market close on Thursday.

The luxury bag maker stated that it will appeal the decision along with Tapestry. The ruling comes in response to the Federal Trade Commission’s (FTC) lawsuit citing that a merger between the two companies would eliminate competition and give Tapestry a dominant share of the market.

Despite the recent drop in share price, retail sentiment for Capri has soared to an annual high of ‘extremely bullish’ (97/100) from ‘neutral’ just a day ago, with chatter levels reaching ‘extremely high.’

Capri Holdings’ stock has lost 56% of its value so far in 2024.

WisdomTree Inc. ($WT)

WisdomTree shares rose over 4% on Friday following its third-quarter earnings announcement. The company posted an EPS of $0.18, topping estimates of $0.16 by 12.5%.

Operating revenues came in at $113.2 million, a 5.7% beat over analyst expectations of $110.07 million, supported by higher average assets under management and insurance-related revenue for legal costs.

However, the company reported a net loss of $4.5 million, mainly due to a $30.6 million loss on convertible notes and a $4.0 million SEC settlement penalty.

Retail sentiment on Stocktwits was ‘extremely bullish’ (96/100) accompanied by ‘extremely high’ (96/100) chatter. WisdomTree’s stock has gained 60% so far in 2024.

For updates and corrections email newsroom@stocktwits.com.

Read more: Apple Stock In Focus After KeyBanc Downgrade: Retail Sentiment Unfazed

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