Why 1847 Holdings Shares Are Trading Lower By Around 31%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Author: Lisa Levin | July 05, 2023 01:28pm

Gainers

• Allarity Therapeutics, Inc. (NASDAQ:ALLR) shares surged 87% to $11.78 after the company said the initial data from Phase 2 trial of Ixempra shows potential for improved clinical benefit in DRP-selected metastatic breast cancer patients.
• iMedia Brands, Inc. (NASDAQ:IMBI) shares climbed 85.7% to $0.2201 after dropping 10% on Monday. iMedia Brands recently announced receipt of second Nasdaq non-compliance notice.
• LightPath Technologies, Inc. (NASDAQ:LPTH) rose 30% to $1.75.
• Impel Pharmaceuticals Inc. (NASDAQ:IMPL) shares gained 26% to $1.6001 after the company received US patent for respiratory tract delivery of levodopa and DOPA decarboxylase inhibitor for Parkinson's disease
• GameSquare Holdings, Inc. (NASDAQ:GAME) gained 23.7% to $3.66. Dairy MAX and Gaming Community Network, a GameSquare Holdings' company, announced the "Level Unlocked Tournament."
• TMC the metals company Inc. (NASDAQ:TMC) rose 21% to $2.36. On June 30, the company received written notice from Nasdaq notifying that it has regained compliance with minimum bid requirement.
• BioXcel Therapeutics, Inc. (NASDAQ:BTAI) shares climbed 19% to $9.40.
• Inovio Pharmaceuticals, Inc. (NASDAQ:INO) gained 18.3% to $0.5169.
• Spark Networks SE (NASDAQ:LOV) gained 17.7% to $0.4534.
• C4 Therapeutics, Inc. (NASDAQ:CCCC) shares gained 17% to $3.3099 after the company announced the FDA cleared its investigational new drug application for CFT8919.
• Pegasystems Inc. (NASDAQ:PEGA) gained 14% to $55.87. Wedbush upgraded Pegasystems from Neutral to Outperform.
• Acasti Pharma Inc. (NASDAQ:ACST) rose 13.9% to $0.5946. Acasti announced alignment with the FDA on GTX-104 pivotal Phase 3 safety trial protocol and confirmed planned initiation of STRIVE-ON in aSAH patients in calendar fourth quarter.
• Wolfspeed, Inc. (NYSE:WOLF) gained 12.7% to $63.97 after the company announced a 10-year silicon carbide wafer supply deal with Renesas Electronics Corporation.
• Mullen Automotive, Inc. (NASDAQ:MULN) gained 12.5% to $0.1135. The company announced the retention of Chistian Attar to combat naked short selling activities Wednesday morning.
• Digital World Acquisition Corp. (NASDAQ:DWAC) rose 10% to $13.92. New reports indicate the company reached a settlement with the U.S. Securities and Exchange Commission (SEC).
• Xos, Inc. (NASDAQ:XOS) rose 9.5% to $0.2416.
• Opera Limited (NASDAQ:OPRA) gained 9.2% to $23.48.
• XPeng Inc. (NYSE:XPEV) climbed 8.3% to $15.15. Xpeng sees sharp growth in deliveries during the second half of the year.

Losers

• 1847 Holdings LLC (NYSE:EFSH) fell 31.3% to $0.2406 after the company reported pricing of $1.869 million public offering.
• Fresh Vine Wine, Inc. (NYSE:VINE) fell 29.9% to $0.4067 after jumping around 157% on Monday.
• Longevity Market Assets LLC (NASDAQ:ABL) shares dipped 23.7% to $8.27 after starting trading on the Nasdaq.
• Canopy Growth Corporation (NASDAQ:CGC) shares fell 19.4% to $0.4737. Canopy Growth shares gained 52% on Monday after the company announced it completed all conversions pursuant to the $100 million convertible debentures and provided an update to its balance sheet actions taken to date.
• Gaucho Group Holdings, Inc. (NASDAQ:VINO) dropped 16.6% to $0.5499.
• Arrival (NASDAQ:ARVL) fell 15.8% to $2.33. Arrival said on Monday that its proposed merger with special purpose acquisition company Kensington Capital Acquisition Corp V has been terminated.
• Pioneer Power Solutions, Inc. (NASDAQ:PPSI) dropped 15.3% to $8.30.
• Amneal Pharmaceuticals, Inc. (NYSE:AMRX) fell 14.7% to $2.60 after the company received FDA complete response letter for its IPX203 new drug application for Parkinson's disease.
• AXT, Inc. (NASDAQ:AXTI) fell 14.5% to $3.00. AXT said Tongmei, its subsidiary in China, expects to proceed to immediately seek permits from the applicable Chinese authorities to export gallium and germanium substrate products.
• IMAC Holdings, Inc. (NASDAQ:BACK) fell 14.3% to $0.1191 after jumping 26% on Monday. Theralink Technologies and IMAC Holdings recently entered into a merger agreement.
• Nocera, Inc. (NASDAQ:NCRA) declined 13.9% to $2.36.
• MicroCloud Hologram Inc. (NASDAQ:HOLO) dropped 13.9% to $2.9528.
• Biofrontera Inc. (NASDAQ:BFRI) fell 13.7% to $9.30. Benchmark maintained Biofrontera with a Buy and lowered the price target from $140 to $18.
• Cassava Sciences, Inc. (NASDAQ:SAVA) dropped 12.1% to $22.26. The company announced the top-line clinical results from its Cognition Maintenance Study where oral simufilam in patients with mild-to-moderate Alzheimer's slowed cognitive decline.
• 22nd Century Group, Inc. (NASDAQ:XXII) fell 12% to $3.9350. 22nd Century shares dropped 22% on Monday after the company announced a 1-for-15 reverse stock split.
• Zuora, Inc. (NYSE:ZUO) dropped 11.9% to $9.84.
• Biotricity, Inc. (NASDAQ:BTCY) dipped 11.7% to $2.85. HC Wainwright & Co. reiterated Biotricity with a Buy and raised the price target from $2 to $4.
• Osisko Gold Royalties Ltd (NYSE:OR) fell 11.2% to $13.97.
• Wabash National Corporation (NYSE:WNC) dropped 10.8% to $23.15 after Raymond James downgraded the stock from Strong Buy to Market Perform.
• Advanced Health Intelligence Ltd. (NASDAQ:AHI) fell 10% to $5.13. Bank of New York Mellon raised stake in Advanced Health Intelligence from 21.08% to 22.52%.
• Puyi Inc. (NASDAQ:PUYI) fell 9.6% to $6.02.
• Alliance Entertainment Holding Corporation (NASDAQ:AENT) fell 9.4% to $2.50. Alliance Entertainment recently reported pricing of public offering and Nasdaq listing.
• Accolade, Inc. (NASDAQ:ACCD) fell 9.3% to $11.96.
• Amyris, Inc. (NASDAQ:AMRS) declined 8.5% to $1.07.
• Butterfly Network, Inc. (NYSE:BFLY) dropped 8.3% to $2.1750.
• GeoPark Limited (NASDAQ:GPRK) fell 8.2% to $9.05.
• Compass, Inc. (NYSE:COMP) declined 7.2% to $3.4150.

 

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