Benzinga - by Lisa Levin, Benzinga Editor.
Gainers
- Vericity, Inc. (NASDAQ: VERY) shares climbed 87.4% to $11.12 after iA Financial Group announced it will acquire the company.
- POINT Biopharma Global Inc. (NASDAQ: PNT) surged 84.7% to $12.35. Eli Lilly And Co (NYSE: LLY) agreed to acquire POINT Biopharma Global at $12.50 per share in cash, an aggregate of approximately $1.4 billion.
- ALX Oncology Holdings Inc. (NASDAQ: ALXO) shares jumped 56% to $7.50 after the company released interim Phase 2 data from its ASPEN-06 trial of evorpacept in advanced HER2-positive gastric cancer.
- SeaStar Medical Holding Corporation (NASDAQ: ICU) gained 53.3% to $0.6398 after jumping 58% on Monday. SeaStar Medical was recently granted Breakthrough Device Designation by the FDA for its Selective Cytopheretic Device for Cardiorenal Syndrome.
- VIQ Solutions Inc. (NASDAQ: VQS) shares jumped 52% to $0.1991 after falling 18% on Monday. VIQ Solutions recently announced delisting from the Nasdaq.
- SciSparc Ltd. (NASDAQ: SPRC) shares gained 48.3% to $5.46 after the company announced it was granted a European patent for its core technology.
- Molekule Group, Inc. (NASDAQ: MKUL) shares climbed 43.6% to $0.2140.
- MSP Recovery, Inc. (NASDAQ: LIFW) shares climbed 41.3% to $0.2827 after falling around 7% on Monday.
- Delta Apparel, Inc. (NYSE: DLA) shares jumped 19.8% to $7.89 after the company said it received an unsolicited offer to purchase its Salt Life business.
- Rite Aid Corporation (NYSE: RAD) rose 15.6% to $0.5436. Rite Aid announced the arrival of Ello Market™ to its shelves.
- Summit Midstream Partners, LP (NYSE: SMLP) gained 15.4% to $15.75. Summit Midstream Partners expects third-quarter adjusted EBITDA of $70 million, up by 20% from the second quarter.
- Connexa Sports Technologies Inc. (NASDAQ: CNXA) climbed 14.6% to $3.5999.
- Adagene Inc. (NASDAQ: ADAG) gained 14.3% to $1.6350.
- Torrid Holdings Inc. (NYSE: CURV) rose 11.2% to $2.2453.
- Warby Parker Inc. (NYSE: WRBY) gained 10.4% to $14.65. Evercore ISI Group upgraded Warby Parker from In-Line to Outperform and announced a $20 price target.
- AgileThought, Inc. (NASDAQ: AGIL) shares climbed 10.3% to $0.1765 after gaining 9% on Monday.
- SPI Energy Co., Ltd. (NASDAQ: SPI) gained 10.3% to $0.79.
- Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 9.5% to $3.9299. Raymond James upgraded Clean Energy Fuels from Outperform to Strong Buy and announced a $6 price target.
- CalAmp Corp. (NASDAQ: CAMP) gained 8.1% to $0.4499.
- Lantheus Holdings, Inc. (NASDAQ: LNTH) climbed 7.1% to $72.43 possibly after Eli Lilly agreed to acquire POINT Biopharma. Lantheus and POINT are partners for certain cancer programs.
- Oddity Tech Ltd. (NASDAQ: ODD) gained 4.8% to $29.42 after the company reported solid preliminary third-quarter results, allowing it to deliver net revenue growth of at least 58% in the first three quarters of 2023.
- Fiverr International Ltd. (NYSE: FVRR) rose 4.2% to $25.07. Roth MKM upgraded Fiverr Intl from Neutral to Buy and announced a $33 price target.
- SmileDirectClub, Inc. (NASDAQ: SDC) dipped 39.7% to $0.0970 after the company reported it received notice that its securities will be delisted from the Nasdaq.
- Femasys Inc. (NASDAQ: FEMY) fell 34.3% to $2.5550 after gaining more than 30% on Monday.
- Momentus Inc. (NASDAQ: MNTS) dipped 32% to $1.2132. Momentus announced a $4.0 million registered direct offering priced at-the-market under Nasdaq rules.
- Power REIT (NYSE: PW) dipped 31.9% to $0.8170.
- Ocean Biomedical, Inc. (NASDAQ: OCEA) fell 30% to $2.45 as the company said its cancer-targeting immunotherapy antibody candidate demonstrated effective tumor reduction against an aggressive subset of Non-Small Cell Lung Cancer with Epidermal Growth Factor Receptor mutations.
- ShiftPixy, Inc. (NASDAQ: PIXY) fell 24.2% to $1.1599.
- Enhabit, Inc. (NYSE: EHAB) fell 23.2% to $9.01.
- The Dixie Group, Inc. (NASDAQ: DXYN) fell 23.1% to $0.53.
- WeWork Inc. (NYSE: WE) fell 22% to $2.2961. WeWork opted not to make aggregate interest payments totaling about $37.3 million in cash and $57.9 million in additional PIK notes, both due on October 2, 2023.
- The9 Limited (NASDAQ: NCTY) fell 21.5% to $3.8735.
- AERWINS Technologies Inc. (NASDAQ: AWIN) fell 19.2% to $0.1850. AERWINS Technologies shares jumped around 90% on Monday after the company said it is considering strategic alternatives for its non-core operations.
- PaxMedica, Inc. (NASDAQ: PXMD) declined 15.6% to $0.2746.
- OpGen, Inc. (NASDAQ: OPGN) shares fell 15.6% to $0.3540 after gaining 5% on Monday. OpGen recently requested to withdraw its registration statement on Form S-1.
- American Oncology Network, Inc. (NYSE: AONC) declined 14.7% to $7.57.
- Aris Mining Corporation (NYSE: ARMN) fell 14.6% to $2.21.
- Getty Images Holdings, Inc. (NYSE: GETY) declined 14.6% to $5.46 after Redburn Atlantic downgraded the stock from Buy to Neutral and announced a $6 price target.
- Conduit Pharmaceuticals Inc. (NASDAQ: CDT) fell 14.5% to $5.05.
- Marathon Digital Holdings, Inc. (NASDAQ: MARA) dipped 13.4% to $7.38.
- Hovnanian Enterprises, Inc. (NYSE: HOV) fell 11.1% to $90.81.
- Wayfair Inc. (NYSE: W) dipped 10% to $56.25.
- Cipher Mining Inc. (NASDAQ: CIFR) shares declined 9.7% to $2.2927 amid a pullback in Bitcoin. The company issued September operational update. The company produced 416 BTC in September, representing a 16% rise in production relative to the prior month.
- McCormick & Company, Incorporated (NYSE: MKC) fell 8.6% to $68.28 after the company reported worse-than-expected third-quarter sales results and issued guidance.
- Eastside Distilling, Inc. (NASDAQ: EAST) fell 8.5% to $1.5001 after gaining 33% on Monday. The company recently announced the successful completion of a debt-for-equity exchange with key first and second lien debt holders.
- DISH Network Corporation (NASDAQ: DISH) declined 8.4% to $5.12. Dish Network, on Oct. 2, entered into an amended and restated agreement and plan of merger with EchoStar and EAV Corp.
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