Why Several Chinese Stocks Traded Higher; Here Are 58 Biggest Movers From Yesterday
$ACLS
$ADSK
$ALLR
$ANPC
Industrial Machinery/Components
Technology
Computer Software: Prepackaged Software
Technology
Gainers
- Kiora Pharmaceuticals, Inc. (NASDAQ:KPRX) surged 95.3% to close at $0.2580 on Thursday after Ladenburg Thalmann initiated coverage on the stock with a Buy rating and announced a price target of $6.50.
- Bright Minds Biosciences Inc. (NASDAQ:DRUG) surged 46% to close at $2.89 after gaining 49% on Wednesday. Bright Minds priced overnight marketed offering of 2.858 million units at $1.40 per unit.
- Golden Sun Education Group Limited (NASDAQ:GSUN) climbed 38% to settle at $37.33. Shares of several Chinese stocks traded higher after the Chinese government announced new stimulus spending, which lifted investor sentiment. Anticipation of the Fed's Jackson Hole symposium is also impacting stocks.
- Vaccitech plc (NASDAQ:VACC) shares surged 32% to close at $6.19. The company recently posted a profit for the second quarter.
- Snowflake Inc. (NYSE:SNOW) jumped 23.1% to close at $196.28 after the company reported better-than-expected Q2 sales results and issued product revenue guidance.
- Destination XL Group, Inc. (NASDAQ:DXLG) climbed 19.8% to close at $5.03 after the company reported better-than-expected Q2 GAAP EPS and sales results and raised FY22 sales guidance.
- Avaya Holdings Corp. (NYSE:AVYA) rose 19.7% to close at $1.52. Shares of software and IT Services companies traded higher amid overall market strength as traders anticipate Fed chair Jerome Powell's speech at the Jackson Hole economic symposium.
- FREYR Battery (NYSE:FREY) rose 19.2% to close at $12.60. FREYR Battery entered into strategic partnership with Hana Technology.
- Alaunos Therapeutics, Inc. (NASDAQ:TCRT) gained 18.6% to close at $2.42 after jumping 20% on Wednesday. Alaunos Therapeutics recently reported better-than-expected Q2 EPS results.
- Uxin Limited (NASDAQ:UXIN) gained 15.3% to close at $0.7050. Shares of several Chinese stocks traded higher after the Chinese government announced new stimulus spending, which lifted investor sentiment. Anticipation of the Fed's Jackson Hole symposium also impacted stocks.
- Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) gained 14.4% to close at $1.51 after the company announced that the U.S. Court of Appeals ruled in favor of the company's subsidiary Bidi Vapor after the FDA failed to consider marketing plans and sales access restrictions.
- TDCX Inc (NYSE:TDCX) shares rose 14.4% to close at $9.53. TDCX , on Wednesday, reported second-quarter FY22 revenue growth of 23.3% year-on-year to $116.6 million, beating the consensus of $114.2 million.
- Lancaster Colony Corporation (NASDAQ:LANC) gained 14.1% to close at $167.26 after the company reported better-than-expected Q4 EPS and sales results.
- Pinterest, Inc. (NYSE:PINS) rose 14.1% to close at $24.01. Reports suggest the company's collage app Shuffles has sent out pre-release invites that are trending among TikTok users.
- HighPeak Energy, Inc. (NASDAQ:HPK) surged 13.2% to close at $28.17. HighPeak Energy 10% owner John Paul Dejoria bought a total 2,313,744 shares at an average price of $21.61.
- Axcelis Technologies, Inc. (NASDAQ:ACLS) gained 12.9% to close at $81.73.
- Pinduoduo Inc. (NASDAQ:PDD) climbed 12.4% to close at $59.83. Shares of several Chinese stocks traded higher after the Chinese government announced new stimulus spending, which lifted investor sentiment. Anticipation of the Fed's Jackson Hole symposium is also impacting stocks.
- Timber Pharmaceuticals, Inc. (NYSE:TMBR) climbed 11.9% to settle at $0.1203. Timber Pharmaceuticals recently posted a Q2 loss of $0.15 per share.
- SunLink Health Systems, Inc. (NYSE:SSY) gained 11.9% to settle at $1.79.
- Shoe Carnival, Inc. (NASDAQ:SCVL) gained 11% to settle at $25.09 after the company reported Q2 earnings results.
- Allarity Therapeutics, Inc. (NASDAQ:ALLR) gained 10.7% to close at $1.35 after gaining 5% on Wednesday. Ladenburg Thalmann recently downgraded Allarity Therapeutics from Buy to Neutral.
- Coty Inc. (NYSE:COTY) gained 10.6% to close at $8.17 after the company reported better-than-expected Q4 sales results and issued guidance.
- JD.com, Inc. (NASDAQ:JD) gained 9.2% to settle at $64.91.
- Alibaba Group Holding Limited (NYSE:BABA) gained 8% to close at $99.89. Alibaba Group kicked off its seventh Maker Festival in Guangdong, China, the province with the maximum Taobao stores, Pandaily reported.
- NetApp, Inc. (NASDAQ:NTAP) gained 7.9% to close at $78.56 after the company reported better-than-expected Q1 results.
- Cosmos Holdings Inc. (NASDAQ:COSM) rose 6.9% to close at $0.4177 after the company's subsidiary SkyPharm launched its first Sky Premium Life products on Amazon in the U.S.
- ECMOHO Limited (NASDAQ:MOHO) shares gained 6.3% to close at $0.1554.
- Autodesk, Inc. (NASDAQ:ADSK) rose 2.3% to close at $220.15 after the company reported better-than-expected Q2 results and issued FY23 guidance above estimates.
Losers
- Magic Empire Global Limited (NASDAQ:MEGL) tumbled 29.1% to close at $7.52.
- Starbox Group Holdings Ltd. (NASDAQ:STBX) fell 27.9% to settle at $7.09 following Tuesday's IPO.
- Indonesia Energy Corporation Limited (NYSE:INDO) declined 25.5% to close at $8.88.
- GeoVax Labs, Inc. (NASDAQ:GOVX) fell 22.5% to settle at $1.31.
- Akili, Inc. (NASDAQ:AKLI) declined 20% to close at $4.12 on possible profit taking after the stock surged on Monday on completion of its SPAC merger.
- ERYTECH Pharma S.A. (NASDAQ:ERYP) dipped 19.6% to close at $0.9973 on Thursday after the company announced it will stop its plans to pursue a Biologics License Application seeking approval for Graspa in hypersensitive acute lymphoblastic leukemia following feedback from the FDA.
- SuperCom Ltd. (NASDAQ:SPCB) fell 19.5% to close at $0.34. SuperCom shares jumped 62% on Wednesday after the company announced it was awarded a $33 million national electronic monitoring contract of an EU member country.
- Crown ElectroKinetics Corp. (NASDAQ:CRKN) declined 19.2% to settle at $0.4810. Crown ElectroKinetics recently posted a Q4 net loss of $4.5 million.
- Bit Brother Limited (NASDAQ:BTB) dropped 19.2% to settle at $0.2002 on Thursday.
- Peloton Interactive, Inc. (NASDAQ:PTON) shares dipped 18.3% to close at $11.01 on Thursday after the company reported worse-than-expected Q4 sales results and issued Q1 sales guidance below estimates.
- First Wave BioPharma, Inc. (NASDAQ:FWBI) fell 18.2% to settle at $0.1319 after the company announced a 1:30 reverse stock split.
- WeTrade Group, Inc. (NASDAQ:WETG) fell 17.7% to settle at $2.10. WeTrade recently entered into strategic partnership with Guyguide to exclusively design and provide Monkeypox testing kits and insurance coverage products for traveling packages to US, Canada, Australia and European countries.
- AnPac Bio-Medical Science Co., Ltd. (NASDAQ:ANPC) dipped 17.4% to close at $0.2850 after gaining 38% on Wednesday.
- Comera Life Sciences Holdings, Inc. (NASDAQ:CMRA) fell 17.4% to close at $1.90.
- Riverview Acquisition Corp. (NASDAQ:RVAC) shares dropped 17.3% to close at $11.46 after jumping 35% on Wednesday.
- GigaCloud Technology Inc. (NASDAQ:GCT) fell 15.5% to settle at $25.20 on possible profit taking after the stock surged on Friday following its IPO debut.
- SIGA Technologies, Inc. (NASDAQ:SIGA) declined 15.2% to settle at $17.85.
- Virax Biolabs Group Limited (NASDAQ:VRAX) dipped 14.1% to close at $3.78.
- IVERIC bio, Inc. (NASDAQ:ISEE) fell 13.4% to settle at $10.39.
- Minerva Neurosciences, Inc. (NASDAQ:NERV) fell 13.1% to close at $6.53. Minerva Neurosciences shares gained over 66% on Wednesday after Point72 Asset Management reported an 8.8% passive stake in the company.
- Grab Holdings Limited (NASDAQ:GRAB) fell 12.2% to close at $3.16 following Q2 results. Grab Holdings reported second-quarter FY22 revenue growth of 79% year-on-year to $321 million.
- ZW Data Action Technologies Inc. (NASDAQ:CNET) dropped 12.1% to close at $0.74. ZW Data Action Tech recently posted a Q2 loss of $0.05 per share.
- Splunk Inc. (NASDAQ:SPLK) fell 12% to close at $97.12. Splunk reported better-than-expected results for its second quarter. However, the company said total ARR is expected to be approximately $3.65 billion; Cloud ARR is expected to be roughly $1.8 billion (was previously $3.9 billion and $2.0 billion, respectively).
- Reborn Coffee, Inc. (NASDAQ:REBN) fell 11.1% to close at $2.95.
- Dollar Tree, Inc. (NASDAQ:DLTR) fell 10.2% to close at $149.01 after the company reported worse-than-expected Q2 sales results and issued Q3 EPS guidance below estimates.
- Burlington Stores, Inc. (NYSE:BURL) fell 10.2% to close at $147.01 after the company reported mixed Q2 earnings results and issued guidance.
- Horizon Global Corporation (NYSE:HZN) dropped 9.9% to close at $1.73.
- Zuora, Inc. (NYSE:ZUO) fell 6.3% to close at $8.39 after the company reported Q2 results and issued FY23 forecast. Zuora also announced plans to acquire Zephr.
- Salesforce, Inc. (NYSE:CRM) fell 3.4% to close at $173.91. Salesforce reported upbeat results for its second quarter, but lowered its annual projections.
- Box, Inc. (NYSE:BOX) declined 3.4% to close at $28.26 following Q2 results. The company also sees FY23 adjusted EPS of $1.13-$1.16 and sales of $992 million to $996 million.