Why BlackBerry Shares Are Trading Lower By Over 17%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Author: Avi Kapoor | January 24, 2024 02:05pm

Shares of BlackBerry Limited (NYSE:BB) fell sharply during Wednesday’s session after the company announced a proposed private offering of $160 million of convertible senior notes.

BlackBerry shares tumbled 17.2% to $2.9387 on Wednesday.

Here are some other stocks moving in today's mid-day session.

Gainers

• Getaround, Inc. (NYSE:GETR) shares jumped 151.3% to $0.4618 after the company announced a new debt facility with Mudrick Capital Management for up to $20 million.
• Evaxion Biotech A/S (NASDAQ:EVAX) gained 94.4% to $9.70 after a 13G filing showed Merck & Co reported an 11.4% stake in the company as of Dec. 21, 2023.
• SciSparc Ltd. (NASDAQ:SPRC) shares gained 61.3% to $5.58 after the company revealed $20 million standby equity purchase agreement.
• Kura Oncology, Inc. (NASDAQ:KURA) rose 41.3% to $18.99. Kura Oncology announced oversubscribed $150 million private placement.
• Ensysce Biosciences, Inc. (NASDAQ:ENSC) shares jumped 32.2% to $1.8372. Ensysce Biosciences shares gained 22% on Tuesday after the company announced FDA Breakthrough Therapy Designation for PF614-MPAR.
• RedHill Biopharma Ltd. (NASDAQ:RDHL) climbed 25.5% to $1.1197. Redhill Biopharma was granted U.S. Patent #11878011 for "Method for Eradicating Helicobacter Pylori Infection in Patients Regardless of Body Mass Index."
• Purple Innovation, Inc. (NASDAQ:PRPL) gained 24% to $1.02 after the company announced it strengthened its balance sheet, creating greater financial flexibility to execute its growth strategy. The company also reaffirmed 2023 guidance.
• Nxu, Inc. (NASDAQ:NXU) rose 23% to $1.56. Nxu recently filed for offering of up to 1 million Class A common shares by the selling stockholder.
• Sidus Space, Inc. (NASDAQ:SIDU) rose 23% to $9.76.
• Solowin Holdings (NASDAQ:SWIN) gained 20% to $4.0001.
• Nyxoah S.A. (NASDAQ:NYXH) surged 16.3% to $6.51 after surging over 20% on Tuesday.
• Heron Therapeutics, Inc. (NASDAQ:HRTX) gained 15.6% to $2.5450. Heron Therapeutics received FDA approval of ZYNRELEF® indication expansion to include additional orthopedic and soft tissue procedures.
• Netflix, Inc. (NASDAQ:NFLX) shares climbed 12.6% to $554.00 as the company reported better-than-expected sales for its fourth quarter.
• VS MEDIA Holdings Limited (NASDAQ:VSME) shares gained 10.5% to $0.3626 after gaining around 3% on Tuesday.
• Summit Therapeutics Inc. (NASDAQ:SMMT) rose 10.5% to $4.5208.
• EverQuote, Inc. (NASDAQ:EVER) gained 10% to $12.98.
• TAL Education Group (NYSE:TAL) shares climbed 9% to $11.87.
• SAP SE (NYSE:SAP) gained 6.8% to $174.64 after the company reported fourth-quarter financial results.
• Textron Inc. (NYSE:TXT) rose 6% to $ 84.09 following upbeat quarterly earnings.
• The Progressive Corporation (NYSE:PGR) gained 5.4% to $179.49 after the company reported fourth-quarter financial results.

Losers

• Richtech Robotics Inc. (NASDAQ:RR) shares dipped 31.3% to $7.62.
• Rail Vision Ltd. (NASDAQ:RVSN) fell 26.7% to $4.8701. Foresight Autonomous, said its affiliate, Rail Vision received order from leading U.S.-Based rail contractor of up to $5m for the purchase of Rail Vision's artificial intelligence-based Switch Yard Systems.
• Gamer Pakistan Inc. (NASDAQ:GPAK) declined 20.4% to $0.2708.
• Splash Beverage Group, Inc. (NYSE:SBEV) fell 20% to $0.3804.
• Curis, Inc. (NASDAQ:CRIS) fell 18.7% to $9.20.
• Annovis Bio, Inc. (NASDAQ:ANVS) fell 16.9% to $9.67 after the company announced a postponement in the Phase III study data release for buntanetap in Parkinson's Disease.
• DuPont de Nemours, Inc. (NYSE:DD) fell 12.8% to $65.14 after the company announced preliminary fourth-quarter and full year 2023 results, and issued first-quarter guidance.
• Sportradar Group AG (NASDAQ:SRAD) declined 11% to $10.25. Sportradar Chief Financial Officer Gerard Griffin has informed that he will be leaving for personal reasons. However, Griffin will continue as CFO until May 31, 2024.
• Gyre Therapeutics, Inc. (NASDAQ:GYRE) fell 9.4% to $14.64.
• Spirit Airlines, Inc. (NYSE:SAVE) fell 9.3% to $7.38.
• Meta Materials Inc. (NASDAQ:MMAT) shares dipped 8.3% to $0.0612. Meta Materials announced a 1-for-100 reverse stock split to regain Nasdaq compliance.
• Digital World Acquisition Corp. (NASDAQ:DWAC) shares fell 7.4% to $46.93. Digital World has an agreement in place to merge with Trump Media and Technology Group, which owns the Truth Social platform, to bring the latter public.
• Lucid Group, Inc. (NASDAQ:LCID) fell 7.3% to $2.81.
• Diversified Energy Company PLC (NYSE:DEC) fell 7% to $12.00.
• Texas Instruments Incorporated (NASDAQ:TXN) shares fell 2.4% to $170.20 after the company reported fourth-quarter financial results.

 

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