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NEW YORK - The Nasdaq Stock Market (NASDAQ:NDAQ), which has demonstrated robust performance with a 32% return over the past year and currently trades near its 52-week high of $84.15, has announced that trading for Damon Inc. (NASDAQ:DMN) is set to recommence on Tuesday, May 19, 2025, following a suspension that began late April. The halt, which took effect at 2:01:07 p.m. Eastern Time on April 29, 2025, was implemented due to undisclosed reasons.
Investors have been awaiting the resumption of trading in Damon Inc.’s shares, which will start again at 9:00 a.m. Eastern Time on the specified date. The circumstances surrounding the trading halt have not been made public by either Nasdaq or Damon Inc.
During the halt period, interested parties seeking information about Damon Inc. were directed to contact the company directly or to use the InfoQuotesSM feature on the Nasdaq website for updates under the company’s ticker symbol.
Nasdaq has not provided further details regarding the trading halt or the conditions leading to the resumption of trading. The exchange’s standard procedure in such situations ensures that investors maintain equitable access to information and that markets operate in a fair and orderly manner.
This news comes as part of a routine announcement from Nasdaq, which oversees the trading of listed securities and ensures regulatory compliance. The exchange, which has grown its revenue by 26% over the last twelve months to $7.8 billion, has a range of measures and protocols in place to manage trading and protect investors, including the ability to halt and resume trading in a security when necessary. According to InvestingPro, Nasdaq maintains strong profitability metrics with a gross profit margin of 61%.
As trading in Damon Inc.’s stock resumes, market participants will monitor the company’s performance and any potential impacts the trading halt may have had on investor sentiment or the company’s market valuation. For deeper insights into Nasdaq’s financial health and market position, InvestingPro offers comprehensive analysis through its Pro Research Report, available alongside 12+ exclusive ProTips and extensive financial metrics.
The information regarding the trading resumption is based on a press release statement from Nasdaq.
In other recent news, Nasdaq Inc. reported stronger-than-expected financial results for the first quarter of 2025. The company posted an earnings per share (EPS) of $0.79, surpassing the forecasted $0.75, and reported revenue of $1.24 billion, exceeding expectations of $1.22 billion. This performance was highlighted by a 12.5% year-over-year increase in net revenue and a 17% rise in operating income. Citi analysts responded to these results by raising the price target for Nasdaq OMX Group from $75 to $80, maintaining a Neutral rating. Meanwhile, Nasdaq disclosed a modest rise in short interest across its Global Market securities, although short interest in Capital Market securities saw a decrease. The company remains focused on organic growth and reducing debt, despite a pause in merger and acquisition activities. Additionally, Nasdaq announced that the lockup period for approximately 43 million shares held by Thoma Bravo is set to expire on May 1st.
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