e.l.f. Beauty, Inc.

The mid-cap cosmetics company e.l.f. Beauty has <a href="https://investor.elfbeauty.com/stock-and-financial/press-releases/landing-news/2025/05-28-2025-210536607">signed</a> an agreement to acquire Rhode, a skincare brand launched by Hailey Bieber, the wife of singer Justin Bieber. The deal marks a shift in strategy for e.l.f.: It enters the prestige beauty market at a time when the mass-market segment is struggling amid weakening demand, Reuters <a href="https://www.reuters.com/business/hailey-bieber-sells-makeup-brand-rhode-elf-beauty-1-billion-deal-2025-05-28/#:~:text=May%2028%20(Reuters)%20%2D%20Model,among%20Gen%20Z%20and%20millennials.">reports</a>. In premarket trading today, May 29, e.l.f. Beauty stock has jumped 17%.

e.l.f. Beauty shifts strategy with acquisition of Hailey Bieber’s premium brand Rhode

Joby Aviation, Inc.

Archer Aviation Inc.

Toyota Motor Corporation

Quotes on air taxi maker Joby Aviation surged almost 29% yesterday, May 28, after the company <a href="https://ir.jobyaviation.com/news-events/press-releases/detail/130/joby-aviation-announces-closing-of-250-million-investment">announced</a> it had received half of a p<a href="https://ir.jobyaviation.com/news-events/press-releases/detail/107/toyota-to-invest-500-million-in-joby-aviation">reviously agreed</a> $500 million investment from Toyota. The Motley Fool <a href="https://www.fool.com/investing/2025/05/28/why-joby-aviation-stock-is-soaring-today/">says</a> that even though the funding itself was not unexpected, the news sparked investor enthusiasm around the stock and its relationship with the iconic automaker — especially amid attacks on its main peer, Archer Aviation.

Air taxi maker Joby receives tranche from Toyota, shares gain 29% in a day

Navitas Semiconductor Corporation

NVIDIA Corporation

Quotes on chipmaker Navitas Semiconductor have gained 9% in premarket trading today, May 28, following a 47% surge yesterday, despite the announcement of a new share offering. The stock had been rising rapidly after the company revealed a collaboration with Nvidia, though analysts warn it may retreat in the coming months.

New Nvidia partner Navitas Semiconductor jumps 47% despite stock offering


PSQ Holdings, Inc.

DDC Enterprise Limited

Acurx Pharmaceuticals, Inc.

Shares of the small cap PSQ Holdings, whose shareholders include Donald Trump Jr., <a href="https://finance.yahoo.com/quote/PSQH/">surged</a> more than 38% yesterday, May 27. The company announced it would explore the possibility of investing its reserves in bitcoin, stablecoins, and other digital assets as a way to diversify its treasury. As CNBC <a href="https://www.cnbc.com/2024/11/20/acurx-pharmaceuticals-to-add-up-to-1-million-in-bitcoin-for-treasury-reserve-following-microstrategys-playbook.html">notes</a>, investors are closely watching which major companies adopt cryptocurrencies.

‘Patriotic’ marketplace PSQ soars nearly 40% on digital asset treasury interest


Vox Royalty Corp.

Quotes on Vox Royalty, a Canadian small cap that operates as a gold mining royalty company, <a href="https://finance.yahoo.com/quote/VOXR/">jumped</a> more than 8% to an all-time high yesterday, May 27, after the company <a href="https://www.voxroyalty.com/_resources/news/2025/nr-20250527.pdf">announced</a> that it would join the Russell 3000, Russell 2000, and Russell Microcap indexes at the end of June. Index inclusion increases demand for stocks and boosts trading volume, as Freedom Finance Global analyst Georgiy Timoshin has previously <a href="https://oninvest.com/article/glavnyj-torgovyj-den-dla-small-cap-priblizaetsa-kak-k-nemu-podgotovit-sa-investoru">noted</a>.

Vox hits all-time high on news of inclusion in Russell indexes: Why it matters

SoundHound AI, Inc.

Shares of SoundHound AI, which offers voice and conversational AI solutions, jumped 16% yesterday following an initiation report from Piper Sandler. It underscored the opportunities for SoundHound AI to capitalize further on the expanding AI market.

Piper Sandler initiates on SoundHound AI with ‘overweight,’ shares surge


Green Brick Partners, Inc.

Mercury Systems, Inc.

Kratos Defense & Security Solutions, Inc.

Analysts interviewed by <i>Barron’s</i> have <a href="https://www.barrons.com/articles/small-cap-stocks-big-returns-029eb837">spotlighted</a> eight small caps with strong long-term return potential — three in the housing sector, another three in defense, and two in cybersecurity.

Barron’s: Eight small caps promising big returns


reAlpha Tech Corp.

Freedom Broker has downgraded its rating on reAlpha Tech, the micro-cap company <a href="https://ir.realpha.com/?_gl=1*ra8hrm*_gcl_au*NzI1Nzk3NjguMTc0ODMyODg4OQ..">behind</a> an AI-powered, integrated real estate platform. The reason for the downgrade is an elevated risk of default due to cash burn.

Freedom Broker lowers rating on real estate tech platform reAlpha

Small-cap cardiac tech developer BioSig Technologies, which only last autumn <a href="https://oninvest.com/article/kapitalizacia-razrabotcika-kardiotehnologii-biosig-vyrosla-na-tret-pered-vozvraseniem-na-birzu">regained</a> its Nasdaq listing after a rocky spell, is changing strategic direction. The company has <a href="https://ir.biosig.com/press-releases/detail/370/biosig-technologies-inc-signs-definitive-share-exchange">announced</a> a merger with private Canadian fintech firm Streamex Exchange Corporation to enter the blockchain space. Driven by this news, BioSig stock <a href="https://finance.yahoo.com/quote/BSGM/">gained</a> more than 24% in a single day.

Medtech BioSig pivots to blockchain; market reacts positively

Freedom Broker has upgraded its rating on Canada’s Vox Royalty, a small cap whose&nbsp; business model centers around royalty payments from gold miners. Even though Vox’s first-quarter financial results came in below expectations, the company also announced the <a href="https://www.voxroyalty.com/_resources/news/2025/nr-20250515.pdf">acquisition</a> of a royalty in a new asset, which, according to Freedom Broker, should enhance its financial situation. Freedom Broker believes investors now have a “compelling entry point.”

‘A compelling entry point’: Freedom Broker upgrades Vox Royalty 


UroGen Pharma Ltd.

The main U.S. small-cap index retreated for the first time in six weeks. Meanwhile, the IPO market is booming, particularly in the small-cap segment. A partnership with Nvidia caused a small cap to skyrocket. Here's what happened witb small caps last week May 19-23 and what to watch for this week.

Small-cap recap/preview: Russell 2000 retreats, IPO boom, Nvidia news spurs surge

Applied Digital Corporation

An analyst at investment bank Citizens JMP has issued a bullish call on Applied Digital, a small-cap data center developer. He expects the stock to outperform and sees 44% upside, driven by the company’s strategic pivot from bitcoin mining to data center infrastructure.

Small caps