Author: Henry Khederian

Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) shares are trading higher by 65% to 61 cents during Friday’s session after the company announced a securities purchase agreement with investor David Lazar for the sale of Series C and Series D Convertible Preferred Stock for $3.1 million in gross proceeds.

What To Know: Lazar will acquire 1 million shares of Series C Convertible Preferred Stock for $1 million initially, with the potential to convert these shares into common stock, subject to a 5% ownership cap pending stockholder approval.

Upon approval, a second transaction will involve 2.1 million shares of Series D Convertible Preferred Stock for $2.1 million, convertible into 110 shares of common stock per preferred share.

As part of the agreement, the board was restructured, with David Lazar assuming the role of interim CEO. Cyclacel also entered a Warrant Exchange Agreement, converting existing warrants into 24.8 million shares of common stock and $1.1 million cash.

The company says it faces challenges meeting Nasdaq’s equity requirements, with a February 2025 compliance deadline, and continues exploring strategic alternatives.

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How To Buy CYCC

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Cyclacel Pharmaceuticals’ case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, CYCC has a 52-week high of $4.00 and a 52-week low of $0.31.

Nikola Corp (NASDAQ:NKLA) shares are trading lower by some 11% over the trailing week to $1.50. The company early Monday announced an Equity Distribution Agreement with BTIG to sell up to $100 million of common stock via an at-the-market offering, paying BTIG a 2.5% commission, with flexible termination terms.

Separately, Nikola raised $65 million by selling common stock to convertible senior PIK toggle noteholders. Between December 3, 2024, and January 31, 2025, a temporary conversion rate will allow issuing up to 48.1 million shares, exceeding post-January 2025 levels.

Nikola also said it repaid $39.4 million in Series B-1 Senior Convertible Notes due 2025, terminated related agreements and canceled certain hydrogen take-or-pay agreements, significantly reducing contingent liabilities.

Read Also: Chinese Stocks Sink On Weak Trade Data Amid Rush ‘To Get Goods To The US’ Before Tariffs

Should I Sell My NKLA Stock?

Whether to sell or hold a stock largely depends on an investor’s strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Nikola have lost 93.05% year to date. This compares to the average annual return of -82.7%, meaning the stock has underperformed its historical averages. Investors can compare a stock’s movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Nikola stock currently has an RSI of 17.39, indicating oversold conditions.

For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.

NKLA has a 52-week high of $34.50 and a 52-week low of $1.40.

BTC Digital Ltd (NASDAQ:BTCT) shares are trading lower by 25.4% to $11.69 during Friday’s session after the company announced a $20 million public offering.

What Else: The offering includes 2.5 million ordinary shares and pre-funded warrants, priced at $8.00 per share or $7.999 per Pre-Funded Warrant, which have a nominal exercise price of $0.001 and are immediately exercisable.

Aegis Capital Corp. has a 45-day option to purchase up to 15% additional Ordinary Shares to cover potential over-allotments.

The offering is expected to close on December 9, pending customary conditions. Proceeds will support general corporate needs and working capital.

Read Also: Private Credit Tokenization Hits $650 Million Monthly, Setting A New Benchmark

Should I Sell My BTCT Stock?

Whether to sell or hold a stock largely depends on an investor’s strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of BTC Digital have gained 258.84% year to date. This compares to the average annual return of 40.89%, meaning the stock has outperformed its historical averages. Investors can compare a stock’s movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. BTC Digital stock currently has an RSI of 46.72, indicating neutral conditions.

For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.

BTCT has a 52-week high of $25.40 and a 52-week low of $1.32.

Digital Ally Inc (NASDAQ:DGLY) shares are trading higher by 62% to $1.38 Wednesday morning after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.

The patented system could addresses critical needs in the fleet management industry, such as real-time monitoring, incident reporting, and driver behavior analysis.

Companies managing large fleets are particularly interested in tools that can reduce accidents, optimize operations and improve driver performance. Digital Ally’s ability to provide these solutions could result in new contracts or partnerships, boosting revenue projections and investor confidence.

The announcement of a patent can also create a wave of positive sentiment among investors, especially those who view intellectual property as a key asset. This sentiment can drive speculative buying.

Read Also: Starbucks, Chipotle Witness Slight Dip Premarket After CEO Shakeup Draws Mixed Reactions From Analysts

How To Buy DGLY Stock

By now you’re likely curious about how to participate in the market for Digital Ally – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,’ which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Digital Ally, which is trading at $0.85 as of publishing time, $100 would buy you 117.65 shares of stock.

If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to ‘go short’ a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, DGLY has a 52-week high of $4.04 and a 52-week low of $0.84.