Shares of Surf Air Mobility Inc. (SRFM) surged as much as 7% in morning trade on Friday to hit an eight-month high of $6.41, building on its gain of 56% during the previous session that helped the stock make up for some of its year-to-date decline. The stock reversed most of its gains, trading 0.36% lower in mid-day trade on Friday. The uptick in Surf Air Mobility’s shares comes after the company announced that its board members purchased stock from the open market. If the stock had maintained its gains, it would have pared its year-to-date decline to under 50% — most of this fall came in April, when the stock fell by over 40% after the company received a notice of possible delisting from the New York Stock Exchange. Surf Air Mobility’s chairman, Carl Albert, purchased 14,500 shares, while co-founder and board member Sudhin Shahani purchased 17,237 shares. The aggregate transaction is valued at approximately $110,000. “We have near and midterm goals to increase value for our shareholders. We are firmly and financially committed to successful execution of our Transformation Plan,” said Albert. Retail traders on Stocktwits expressed optimism about Surf Air Mobility’s turnaround plan, which includes securing a $50 million term loan. The company expects to become profitable in 2025. The stock purchase by board members indicates the confidence insiders have in the company’s four-phase transformation plan. While some retail traders remained confident about the stock’s long-term prospects, others may now regret not taking profits when they had the chance earlier in the day. Surf Air Mobility, a Los Angeles-based regional air mobility service, currently operates Cessna Caravan aircraft, which have a range of a little over 1,200 miles, with a top speed of 213 miles per hour. The company is also developing an AI-powered airline software operating system. It also has electric powertrain technology that is currently in the process of being certified. Surf Air Mobility’s shares have declined by 44% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
US Outbound Investment Security Program Takes Effect January 2025
Air Peace Chairman, Allen Onyeama admits his airline staff violate regulations – NCAA claimsUK, China can set example of joint climate action
A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House saysCLEMSON, S.C. (AP) — South Carolina coach Shane Beamer has no doubt about where his surging, 16th-ranked Gamecocks belong in the postseason — chasing a national championship. “It's hard for me to say we're not one of the 12 best teams in the country,” a giddy Beamer said Saturday after watching his team pull off another late miracle, courtesy of quarterback LaNorris Sellers, to defeat No. 12 Clemson 17-14. Sellers scored his second touchdown , this one from 20 yards out with 1:08 to play, for South Carolina's sixth straight victory, four of them in that run coming over ranked opponents. Are you paying attention, College Football Playoff selectors? “If the committee's job is to pick the 12 best teams, you tell me,” Beamer said. It would be hard to pick against the Gamecocks (9-3, 5-3 SEC; No. 15 CFP) with Sellers, a confident, poised freshman, playing as well as he is. He finished with 166 yards rushing and 164 yards passing. Two games ago, he set career bests with 353 yards passing and five TD throws in twice rallying the Gamecocks from fourth-quarter deficits to defeat Missouri 34-30. This time, Sellers shrugged off his interception near Clemson's goal with less than 11 minutes left to lead his team to a field goal and then his game winner. Sellers spun away from defender Peter Woods in the backfield, broke through the line and cut left to reach the end zone. Sellers hears defenders get angry when they get their hands on but can't bring down the speedy, 6-foot-3 passer in his first year since taking over for Spencer Rattler. How does he do it? “I don't really know,” Sellers said. Beamer had an answer to that one, too. “He's a competitor, he's a warrior,” Beamer said. “He doesn't get too high or too low. He's out there having fun.” The Gamecocks hope to have more fun in a week so, confident they'll hear their name called among the expanded field of 12 that will play for a national crown. They know, too, they'll have Sellers leading the way. “He's a magician, man,” Gamecocks linebacker Demetrius Knight Jr. said. “LeMagic, LeComeback, whatever you want to call him.” Clemson (9-3, 7-1 ACC, No. 12) had a final chance and drove to the South Carolina 18 with 16 seconds left — well within reach of a tying field goal — when Cade Klubnik was intercepted by Knight to end things. The Gamecocks were 3-3 after losing at Alabama in mid-October and then pulled off their longest winning streak since 2012. The Tigers also were hoping to play their way into the CFP's 12-team field. But their offense had too many costly mistakes and their defense could not corral Sellers. “He's a great player and made great players,” Clemson linebacker Barrett Carter said. Still, there could be postseason hope for Clemson, which will cross its fingers and pray Syracuse can pull off an upset over No. 8 Miami later Saturday that would get the Tigers into the Atlantic Coast Conference title game next week against SMU. Both teams came in on highs, the Tigers having won three straight and the Gamecocks five in a row, including three consecutive over ranked opponents Texas A&M, Vanderbilt and Missouri. But neither team found its offensive rhythm in the opening half. Sellers was sacked by T.J. Parker and turned the ball over as Parker recovered with South Carolina inside the Clemson 20. The Tigers drove to the South Carolina 11 and turned down a chip-shot field goal to go for it on fourth-and-1. But Mafah was stopped way short by Jalon Kilgore and Knight. Klubnik had scoring runs of 13 and 18 yards for the Tigers. South Carolina: What a run by the Gamecocks, who before the season were picked 13th in the SEC and now may find themselves part of the national championship playoff field. Clemson: The Tigers lost to both ranked SEC opponents they faced this season, first to No. 1 Georgia to start the year and then to rival South Carolina. Tigers coach Dabo Swinney was proud of his team's regular season but knew the loss might leave it short of getting back to the playoff. “We could've had a great year,” he said. "We got better this season, a lot of positives to build on. “But this one is tough. It's tough. It hurts,” he continued. Shane Beamer knew what a big week it was when he got a voicemail from his old boss, former South Carolina coach Steve Spurrier. “Beamer, you're doing great,” said Spurrier, who coached the Gamecocks from 2005-2014. “This might be the biggest game in the history of South Carolina.” South Carolina and Clemson both await their postseason games. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
