Today's Stock Highlights 🚀

Skillz is making waves in the market with its recent announcement of a stock repurchase program and plans to buy back some of its senior notes. Both programs are valued at a whopping $65 million each. This news has invigorated investors, leading to a surge in trading volume, with over 3.9 million shares traded, dwarfing its daily average of about 445,000 shares.

Edtech company Genius is gearing up for a significant event on Aug. 31 - the spinoff of Entrepreneur Resorts. This move will also distribute shares of the new entity to GNS stockholders, making it a date to mark on your investment calendar.

Palo Alto's stock soared over 16% in afternoon trading post their recent earnings report. Contrary to analysts' concerns, the company surpassed top-line estimates, reporting an adjusted EPS of $1.44 against the anticipated $1.28.

Vinco Ventures is on a roll, with its shares skyrocketing over 20% on intense trading volume. The stock has seen a staggering 240% increase over the past month. With a significant 16.22% of its available stock being short-sold, BBIG has become a focal point for investors. For those unfamiliar, Vinco Ventures is a digital media powerhouse with an 80% stake in Lomotif, a video-sharing social platform.

Big news for Earthstone Energy as Permian Resources announces its acquisition. The deal, set to finalize in 2023, will see Permian Resources exchange $4.50 billion in stock for ESTE shares. Both companies are significant players in the oil and natural gas sector, with Earthstone Energy focusing on onshore crude oil and natural gas reserves.

AAOI shares surged by 18% recently, following a significant stock purchase by its President and CEO, Chih-Hsiang Lin. Lin acquired 20,000 company shares, bringing his total holdings to about 1.2 million shares.

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