Why Eiger BioPharmaceuticals Shares Are Trading Lower By 52%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Avalo Therapeutics, Inc. (NASDAQ:AVTX) shares surged 68% to $0.2075. Avalo Therapeutics, on Sept 12, got notice from the Nasdaq as of Sept 11 the company’s securities had closing bid price of $0.10/less for 10 consecutive trading days.

ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) gained 63.5% to $0.2101.

Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) rose 31.8% to $20.15 after the company announced that alignment has been reached with the FDA on the global Phase 2 pivotal trial of RP-A501 for Danon Disease.

Connexa Sports Technologies Inc. (NASDAQ:CNXA) gained 22.2% to $0.1090.

Axcella Health Inc. (NASDAQ:AXLA) shares jumped 19.3% to $1.36 after jumping more than 59% on Tuesday.

Alset Capital Acquisition Corp. (NASDAQ:ACAX) gained 19.1% to $10.60.

Ohmyhome Limited (NASDAQ:OMH) gained 18.2% to $1.9147.

ECARX Holdings Inc. (NASDAQ:ECX) surged 16.8% to $3.5628.

VEON Ltd. (NASDAQ:VEON) gained 16.4% to $19.30.

Super League Enterprise, Inc. (NASDAQ:SLE) shares gained 16.2% to $2.2650 after falling 40% on Tuesday.

DZS Inc. (NASDAQ:DZSI) gained 15.3% to $2.11. DZS secured $29.7 million in financing.

HireRight Holdings Corporation (NYSE:HRT) climbed 14.8% to $10.05. HireRight plans additional $25 million share repurchase program.

Sigma Lithium Corporation (NASDAQ:SGML) rose 13.7% to $36.54.

Navidea Biopharmaceuticals, Inc. (NYSE:NAVB) gained 13.3% to $0.1050.

Workhorse Group Inc. (NASDAQ:WKHS) shares rose 13.2% to $0.7199 after the company announced it has received IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit.

GRI Bio, Inc. (NASDAQ:GRI) gained 12.5% to $1.44.

FaZe Holdings Inc. (NASDAQ:FAZE) gained 11.5% to $0.2041 after declining 13% on Tuesday.

REV Group, Inc. (NYSE:REVG) surged 9.2% to $14.07 after the company reported better-than-expected third-quarter financial results and raised FY23 net sales guidance above estimates.

Mainz Biomed N.V. (NASDAQ:MYNZ) rose 6% to $3.88 after the company announced topline results from its ColoFuture study.

Losers

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares tumbled 71% to $3.05.

Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) shares dipped 52.5% to $0.3279 after the company announced its decision to discontinue the Phase 3 LIMT-2 study of peginterferon lambda in patients with chronic hepatitis delta.

Calidi Biotherapeutics (NYSE:CLDI) fell 42.5% to $4.60 following the company’s public debut.

Wheels Up Experience Inc. (NYSE:UP) tumbled 31.3% to $2.72.

KULR Technology Group, Inc. (NYSE:KULR) fell 29% to $0.4129 as the company reported pricing of $2.5 million public offering of common stock.

MMTec, Inc. (NASDAQ:MTC) fell 28.5% to $0.3950.

Evolution Petroleum Corporation (NYSE:EPM) fell 23% to $6.81 after reporting downbeat fourth-quarter results.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) declined 19% to $9.20.

Canopy Growth Corporation (NASDAQ:CGC) shares fell 18.7% to $1.0887 after declining more than 20% on Tuesday.

Acelyrin, Inc. (NASDAQ:SLRN) fell 16.6% to $10.68. Morgan Stanley downgraded Acelyrin from Overweight to Equal-Weight and lowered the price target from $39 to $19.

Coda Octopus Group, Inc. (NYSE:CODA) declined 16.2% to $6.27 following downbeat quarterly results.

Infinity Pharmaceuticals, Inc. (NASDAQ:INFI) tumbled 16% to $0.0707. Infinity Pharmaceuticals received a delisting determination letter from Nasdaq stating that the company's stock will be suspended on Sept. 14, unless it requests a review of this decision.

Nature Wood Group Limited (NASDAQ:NWGL) shares fell 15.4% to $8.12. Nature Wood Group reported the pricing of its initial public offering of 750,000 American Depositary Shares at $9 per ADS.

GigaCloud Technology Inc. (NASDAQ:GCT) fell 14.7% to $11.29. GigaCloud Technology recently entered into an agreement as the stalking horse bidder to acquire substantially all assets of Noble House Home Furnishings for $85 million.

Nature Wood Group Limited (NASDAQ:NWGL) shares declined 12% to $8.45.

SilverBow Resources, Inc.

Kaixin Auto Holdings (NASDAQ:KXIN) shares fell 9.2% to $0.2487. Kaixin Auto recently inked a non-binding acquisition term sheet with WM Motor.

Sana Biotechnology, Inc. (NASDAQ:SANA) fell 9% to $5.18. Sana Biotechnology spokesperson, at Morgan Stanley Healthcare Conference, said expects to file an IND filing for SC291 product candidate in autoimmune diseases in the fourth quarter.

WeWork Inc. (NYSE:WE) fell 7.7% to $5.21 after jumping 87% on Tuesday.

Roblox Corporation (NYSE:RBLX) tumbled 7.2% to $27.10.

Grab Holdings Limited (NASDAQ:GRAB) fell 7.2% to $3.5175 after Singapore's Land Transport Authority announced it will investigate the supply of taxi and ride-hailing services in connection with a a review of the point-to-point industry structure and regulatory framework.

Unity Software Inc. (NYSE:U) fell 5.7% to $36.75.

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