02:21 PM EDT, 05/17/2024 (MT Newswires) -- Akanda ( AKAN ) said Friday it expects to raise about $2.5 million from the sale of securities to an investor.

Shares surged about 60% as intraday trading volume catapulted to about 514 million from a daily average of about 11.4 million.

Despegar.com ( DESP ) said late Thursday it swung to Q1 earnings amid higher revenue.

After the results, Cantor Fitzgerald raised its price target to $17 from $14, while keeping its overweight rating.

Shares of Despegar.com ( DESP ) jumped 19% as trading volume rose to more than 3.08 million from a daily average of about 845,000.

Price: 0.21, Change: +0.08, Percent Change: +60.00