Why NIO Shares Are Trading Lower By Over 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of NIO Inc. (NYSE:NIO) fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.

NIO shares dipped 8.5% to $4.4550 on Friday.

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

Gainers

• Qualigen Therapeutics, Inc. (NASDAQ:QLGN) jumped 120% to $0.3870 after gaining 6% on Wednesday.
• Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) rose 70.5% to $4.65 after gaining around 14% on Wednesday.
• MediWound Ltd. (NASDAQ:MDWD) shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday.
• Koss Corporation (NASDAQ:KOSS) shares climbed 41.7% to $15.07, possibly on continued retail investor interest.
• XChange TEC.INC (NASDAQ:XHG) gained 27% to $1.06.
• Shineco, Inc. (NASDAQ:SISI) jumped 19.8% to $3.38.
• NANO Nuclear Energy Inc. (NASDAQ:NNE) climbed 17.7% to $27.85.
• Annovis Bio, Inc. (NYSE:ANVS) rose 14.1% to $9.22.
• CleanCore Solutions, Inc. (NYSE:ZONE) surged 13% to $2.60.
• Sirius XM Holdings Inc. (NASDAQ:SIRI) climbed 12.6% to $3.9750.
• Ryde Group Ltd. (NYSE:RYDE) gained 11.9% to $7.22.
• Mesoblast Limited (NASDAQ:MESO) rose 11.6% to $7.60.
• Macy’s, Inc. (NYSE:M) gained 10.4% to $19.79. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.
• The Oncology Institute, Inc. (NASDAQ:TOI) rose 9.8% to $0.5379.
• Sharps Technology, Inc. (NASDAQ:STSS) rose 9.3% to $0.2514 after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.
• Arm Holdings plc (NASDAQ:ARM) gained 7.4% to $180.54.
• Smith & Nephew plc (NYSE:SNN) rose 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.

Losers

• Adamas One Corp. (NASDAQ:JEWL) shares dipped 20.8% to $0.3660 after gaining 89% on Wednesday.
• Cyngn Inc. (NASDAQ:CYN) shares dipped 20% to $4.30.
• Eshallgo Inc. (NASDAQ:EHGO) fell 19.2% to $2.11. Eshallgo closed $5 million initial public offering at $4 per share.
• Vicinity Motor Corp. (NASDAQ:VEV) fell 18.3% to $0.4606.
• Castle Biosciences, Inc. (NASDAQ:CSTL) dipped 16.4% to $17.77.
• CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) fell 15% to $1.24.
• Portage Biotech Inc. (NASDAQ:PRTG) declined 14.1% to $0.1550.
• SunPower Corporation (NASDAQ:SPWR) fell 12.4% to $2.3450.
• Cartesian Therapeutics, Inc. (NASDAQ:RNAC) declined 11.4% to $15.60.
• Shapeways Holdings, Inc. (NASDAQ:SHPW) dipped 11.1% to $0.24.
• Inseego Corp. (NASDAQ:INSG) fell 11.1% to $10.40.
• XPeng Inc. (NYSE:XPEV) declined 10% to $7.49. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.
• HDFC Bank Limited (NYSE:HDB) dipped 7.7% to $61.49.
• Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares fell 7.1% to $0.17. Zoomcar Holdings shares jumped 34% on Wednesday after the company announced that it expects an increase in its FY24 total revenue and decline in its FY24 net loss.
• B. Riley Financial, Inc. (NASDAQ:RILY) declined 7.1% to $15.74.
• Marathon Digital Holdings, Inc. (NASDAQ:MARA) declined 6.5% to $19.61 amid weakness in Bitcoin.
• Bitdeer Technologies Group (NASDAQ:BTDR) fell 6.1% to $11.11 amid a decline in Bitcoin prices.
• Hut 8 Corp. (NASDAQ:HUT) fell 6.1% to $15.18 after the company its operations update for June 2024.
• Iris Energy Limited (NASDAQ:IREN) shares declined 5.9% to $13.53. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: BTC) mining expansion.
• Applied Digital Corporation (NASDAQ:APLD) shares fell 4.5% to $6.47 after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.

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