Why Snap Shares Jumped 7%; Here Are 75 Biggest Movers From Yesterday

Author: Lisa Levin | September 02, 2022 05:29am

Gainers

• Hempacco Co., Inc. (NASDAQ:HPCO) shares jumped 63.4% to close at $8.35 after dropping 34% on Wednesday. Hempacco's common shares began trading on the Nasdaq Tuesday. The company had planned to offer 1 million shares of common stock at a public offering price of $6 per share for total gross proceeds of $6 million.
• GigaCloud Technology Inc. (NASDAQ:GCT) climbed 61.4% to close at $23.65.
• Virax Biolabs Group Limited (NASDAQ:VRAX) surged 58.7% to settle at $5.57.
• Forma Therapeutics Holdings, Inc. (NASDAQ:FMTX) jumped 51% to close at $20.24 after Novo Nordisk announced it will acquire the company for $20 per share in cash.
• ShiftPixy, Inc. (NASDAQ:PIXY) surged 46.9% to close at $20.58 on Thursday. ShiftPixy announced a 1-for-100 reverse stock split.
• Shuttle Pharmaceuticals, Inc. (NASDAQ:SHPH) shares surged 36.2% to close at $52.40 amid post-IPO volatility. The company priced its IPO at $8.125 per unit.
• Kuke Music Holding Limited (NYSE:KUKE) jumped 32.9% to close at $1.13.
• Nutanix, Inc. (NASDAQ:NTNX) gained 29.1% to close at $22.34 after the company reported better-than-expected sales results for its fourth quarter and issued strong revenue forecast.
• InMed Pharmaceuticals Inc. (NASDAQ:INM) climbed 28.6% to close at $0.3060. InMed Pharmaceuticals recently announced a 1:25 share consolidation to meet Nasdaq listing criteria.
• Eyenovia, Inc. (NASDAQ:EYEN) gained 25.2% to settle at $2.04.
• Twin Disc, Incorporated (NASDAQ:TWIN) jumped 24.6% to close at $11.59 after the company posted a profit for the fourth quarter.
• Immuneering Corporation (NASDAQ:IMRX) rose 24.6% to settle at $6.95.
• Immuneering, last month, posted a Q2 loss of $0.44 per share.
• Comera Life Sciences Holdings, Inc. (NASDAQ:CMRA) gained 23.2% to close at $2.18 after the company announced it has entered into a purchase agreement with Arena Business Solutions for up to $15 million of the company's common stock.
• Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) jumped 22.4% to close at $4.75.
• Alaunos Therapeutics, Inc. (NASDAQ:TCRT) rose 22.4% to close at $3.01.
• Purple Innovation, Inc. (NASDAQ:PRPL) jumped 20.3% to settle at $3.44 after the company announced the acquisition of Intellibed.
• Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) gained 20% to close at $30.59. Agios Pharmaceuticals, last month, reported better-than-expected Q2 EPS and sales results.
• Werewolf Therapeutics, Inc. (NASDAQ:HOWL) jumped 19.6% to settle at $6.05. Werewolf Therapeutics initiated patient dosing in a Phase 1/1b clinical trial evaluating WTX-124, its lead INDUKINET molecule targeting IL-2 for the treatment of solid tumors.
• RiceBran Technologies (NASDAQ:RIBT) gained 18.6% to close at $2.74. The company, last month, posted upbeat quarterly sales.
• PaxMedica, Inc. (NASDAQ:PXMD) climbed 18.2% to close at $3.50. PaxMedica Executive Chairman, Director Michael Derby reported in Form4 filing purchase of 95,000 shares at $5.25 per share.
• Belite Bio, Inc (NASDAQ:BLTE) jumped 14.3% to close at $36.70. Belite Bio recently announced it has commenced enrollment for the US Phase 3 clinical trial of LBS-008 in patients with Stargardt Disease.
• Turquoise Hill Resources Ltd. (NYSE:TRQ) rose 13.9% to close at $31.30. Rio Tinto Group announced plans to acquire full ownership of Turquoise Hill Resources for C$43 per share in cash.
• Bright Green Corporation (NASDAQ:BGXX) shares rose 12.3% to close at $1.55 after gaining around 33% on Wednesday.
• Bausch Health Companies Inc. (NYSE:BHC) gained 10.4% to close at $6.59. RBC Capital maintained Bausch Health Companies with a Sector Perform and raised the price target from $4.5 to $8.
• Relay Therapeutics, Inc. (NASDAQ:RLAY) climbed 8.4% to settle at $24.90. Stifel initiated coverage on Relay Therapeutics with a Buy rating and announced a price target of $40 today.
• DXC Technology Company (NYSE:DXC) gained 7.8% to settle at $26.70.
• Snap Inc. (NYSE:SNAP) jumped 7% to close at $11.64 after multiple analysts raised their price targets on the stock. The company on Wednesday announced restructuring plans and a workforce reduction.
• Five Below, Inc. (NASDAQ:FIVE) rose 6.3% to close at $135.92 after the company reported Q2 earnings results.

Losers

• Addentax Group Corp. (NASDAQ:ATXG) shares dropped 95.4% to close at $30.00 following the company's uplisting and IPO.
• American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) dipped 52.2% to settle at $0.2200 after the company announced an equity distribution agreement to offer and sell up to $14.7 million shares of common stock.
• NewAge, Inc. (NYSE:NBEV) dropped 46.9% to settle at $0.1222 on continued weakness after the company recently announced it filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code.
• Okta, Inc. (NASDAQ:OKTA) declined 33.7% to close at $60.60 after the company reported Q2 earnings results and issued Q3 and FY23 financial guidance. Several analysts also lowered their price targets on the stock.
• Getty Images Holdings, Inc. (NYSE:GETY) fell 28.8% to close at $14.42.
• Semtech Corporation (NASDAQ:SMTC) shares fell 27.2% to close at $33.65 after the company issued Q3 sales guidance below analyst estimates. Cowen & Co. and Oppenheimer also downgraded the stock.
• Nogin, Inc. (NASDAQ:NOGN) dropped 25.7% to close at $2.5050.
• MongoDB, Inc. (NASDAQ:MDB) shares fell 25.3% to close at $241.11 after the company issued earnings guidance below analyst estimates.
• Greenpro Capital Corp. (NASDAQ:GRNQ) fell 24.8% to close at $1.91 after surging 63% on Wednesday.
• Hour Loop, Inc. (NASDAQ:HOUR) dipped 24.7% to close at $3.20.
• Rain Therapeutics Inc. (NASDAQ:RAIN) declined 19.9% to close at $4.75.
• C3.ai, Inc. (NYSE:AI) fell 19.3% to close at $14.52 after the company reported worse-than-expected Q1 sales results and issued Q3 and FY23 sales guidance below analyst estimates.
• Blackboxstocks Inc. (NASDAQ:BLBX) dropped 19.3% to settle at $0.96.
• Codiak BioSciences, Inc. (NASDAQ:CDAK) declined 19.1% to settle at $1.74 after Goldman Sachs downgraded the stock from Buy to Neutral and lowered its price target from $6 to $2.
• Akerna Corp. (NASDAQ:KERN) dipped 19% to settle at $0.1248.
• Genesco Inc. (NYSE:GCO) fell 18.4% to close at $46.16 as the company lowered FY23 forecast.
• NeuroOne Medical Technologies Corporation (NASDAQ:NMTC) declined 18% to close at $2.09.
• Bright Minds Biosciences Inc. (NASDAQ:DRUG) dropped 17.2% to settle at $1.59.
• Nuwellis, Inc. (NASDAQ:NUWE) fell 16.4% to close at $1.22. Nuwellis shares jumped 121% on Wednesday after the company announced new clinical data demonstrating 100% survival at 30 days following the use of ultrafiltration in high-risk postoperative coronary artery bypass grafting patients.
• Magic Empire Global Limited (NASDAQ:MEGL) dipped 16% to close at $6.53 after surging 33% on Wednesday.
• Liquidia Corporation (NASDAQ:LQDA) fell 15.8% to close at $4.86 after Wedbush downgraded the stock from Neutral to Underperform and lowered its price target from $4 to $3.
• GitLab Inc. (NASDAQ:GTLB) dipped 15.6% to close at $50.53.
• Lands' End, Inc. (NASDAQ:LE) declined 15.3% to settle at $11.70 after the company issued Q3 EPS and sales and FY22 EPS guidance below estimates.
• HashiCorp, Inc. (NASDAQ:HCP) fell 14.4% to close at $30.26.
• Palatin Technologies, Inc. (NYSE:PTN) declined 14.3% to close at $4.30.
• Veeva Systems Inc. (NYSE:VEEV) fell 14% to settle at $171.42 after the company issued Q3 and FY23 sales guidance below analyst estimates.
• Mobilicom Limited (NASDAQ:MOB) declined 13.8% to close at $2.69 after gaining around 28% on Wednesday.
• ZeroFox Holdings, Inc. (NASDAQ:ZFOX) shares fell 13.8% to close at $5.55 after surging around 19% on Wednesday.
• Samsara Inc. (NYSE:IOT) fell 13% to close at $12.94 following Q3 results.
• Signet Jewelers Limited (NYSE:SIG) fell 12% to close at $57.50 following Q2 results.
• Polestar Automotive Holding UK PLC (NASDAQ:PSNY) fell 11.9% to close at $6.89. Polestar reported H1 sales of $1.04 billion.
• Ciena Corporation (NYSE:CIEN) dipped 10.4% to settle at $45.48 after the company reported worse-than-expected Q3 sales results.
• Enovix Corporation (NASDAQ:ENVX) declined 10% to close at $19.92.
• Vicor Corporation (NASDAQ:VICR) fell 10% to settle at $64.05.
• Fluence Energy, Inc. (NASDAQ:FLNC) fell 9.6% to close at $18.03.
• KnowBe4, Inc. (NASDAQ:KNBE) declined 9.6% to close at $17.37.
• DigitalOcean Holdings, Inc. (NASDAQ:DOCN) fell 8.9% to close at $38.33.
• Zscaler, Inc. (NASDAQ:ZS) fell 8.6% to close at $145.57.
• Stem, Inc. (NYSE:STEM) declined 8.4% to close at $14.40.
• NVIDIA Corporation (NASDAQ:NVDA) fell 7.7% to close at $139.37 following a late Wednesday filing by the company that revealed that the U.S. government has communicated to it the need to secure a license for exporting its powerful AI processors such as the A100 and the yet-to-be-released H100 chips to China. This would prevent the export of these chips to China, one of its key markets.
• Smartsheet Inc. (NYSE:SMAR) fell 7.4% to close at $30.82.
• ThermoGenesis Holdings, Inc. (NASDAQ:THMO) fell 7% to close at $0.2284 after gaining 11% on Wednesday. ThermoGenesis, last month, posted a Q2 loss of $0.20 per share.
• Hormel Foods Corporation (NYSE:HRL) fell 6.6% to close at $46.98 after the company posted downbeat Q3 earnings and lowered FY22 earnings forecast.
• Monolithic Power Systems, Inc. (NASDAQ:MPWR) dipped 6.1% to close at $425.47.
• SentinelOne, Inc.(NYSE:S) fell 5.9% to close at $25.70 after reporting Q2 results.
• HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) fell 4.7% to close at $4.85 after gaining 4% on Wednesday.
• Advanced Micro Devices, Inc (NASDAQ:AMD) fell 3% to close at $82.33 following news that the chipmakers were slapped with certain chip export restrictions to China.

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