Why Arhaus Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Shares of Arhaus, Inc. (NASDAQ:ARHS) fell sharply during Monday's session.

Jefferies analyst Jonathan Matuszewski downgraded Arhaus from Buy to Hold and lowered the price target from $22 to $16.

Arhaus shares dipped 7.9% to $14.55 on Monday.

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

Gainers

• Morphic Holding, Inc. (NASDAQ:MORF) shares jumped 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash.
• Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) climbed 71% to $6.97 after jumping around 50% on Friday.
• SRIVARU Holding Limited (NASDAQ:SVMH) shares climbed 61.3% to $0.2549 after the company announced the deployment of advanced AI tools to manage its lead generation platform.
• Inspire Veterinary Partners, Inc. (NASDAQ:IVP) shares climbed 47% to $2.1928 after gaining 8% on Friday.
• Hywin Holdings Ltd. (NASDAQ:HYW) gained 39.5% to $0.4352.
• Shapeways Holdings, Inc. (NASDAQ:SHPW) climbed 39% to $0.2918 after dipping 22% on Friday.
• Myomo, Inc. (NYSE:MYO) gained 32% to $3.80 after the company issued preliminary second-quarter revenue guidance above estimates.
• Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) shares rose 31% to $0.3129 after jumping over 38% on Friday.
• Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) climbed 31% to $0.7660 after the company closed a $2.5 million secured loan financing from an institutional investor, enabling the final payment of its litigation settlement.
• LL Flooring Holdings, Inc. (NYSE:LL) surged 20.4% to $0.6789.
• Nikola Corporation (NASDAQ:NKLA) rose 18.5% to $10.65.
• Grifols, S.A. (NASDAQ:GRFS) gained 17.2% to $8.24 after Brookfield confirmed it held exploratory discussions with certain shareholders of the company in relation to a potential joint offer for Grifols’ shares.
• Pulse Biosciences, Inc. (NASDAQ:PLSE) gained 17.2% to $14.13 after the company announced it received the Breakthrough Device Designation from the FDA for its Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation.
• Newegg Commerce, Inc. (NASDAQ:NEGG) climbed 16% to $1.23. Newegg Commerce said the Presale for its tenth annual FantasTech Sales event is now live.
• Ocean Power Technologies, Inc. (NASDAQ:OPTT) rose 16% to $0.4164 after the company signed a reseller agreement with Survey Equipment Services focused on the provision of OPT’s unmanned surface vehicles in the US.
• Mainz Biomed N.V. (NASDAQ:MYNZ) gained 16% to $0.45.
• R1 RCM Inc. (NASDAQ:RCM) shares climbed 14.2% to $12.52.
• Acelyrin, Inc. (NASDAQ:SLRN) gained 13.6% to $4.60.
• NANO Nuclear Energy Inc. (NASDAQ:NNE) shares gained 12.3% to $31.89 after surging 20% on Friday.
• IDEAYA Biosciences, Inc. (NASDAQ:IDYA) shares gained 12.1% to $38.41 after the company announced interim Phase 2 monotherapy expansion data for IDE397 in MTAP-deletion urothelial and lung cancer. Additionally, Mizuho initiated coverage on the stock with an Outperform rating.
• SolarEdge Technologies, Inc. (NASDAQ:SEDG) rose 11.3% to $27.88 after B of A Securities upgraded the stock from Underperform to Neutral.
• Corning Incorporated (NYSE:GLW) gained 9.4% to $42.05 after the company increased its second-quarter core sales guidance.
• Dynatronics Corporation (NASDAQ:DYNT) shares rose 8.6% to $0.2310 after declining around 8% on Friday.
• Paramount Global (NASDAQ:PARAA) rose 4.6% to $21.41. Paramount Global and Skydance Media inked a definitive agreement to create a new entity, "New Paramount," in a $28 billion merger deal.
• Intel Corporation (NASDAQ:INTC) gained 3.8% to $33.26. Intel has bypassed Vietnam for a substantial investment project, citing insufficient investment incentives.