Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Landos Biopharma, Inc. (NASDAQ: LABP) rose sharply during Monday’s session following acquisition news.
AbbVie Inc. (NYSE: ABBV) and Landos Biopharma, reported a definitive agreement under which AbbVie will acquire Landos.
Landos Biopharma shares jumped 171.2% to $21.70 on Monday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Next.e.GO N.V. (NASDAQ: EGOX) shares jumped 85.8% to $0.0730 after falling around 22% on Friday.
- Altamira Therapeutics Ltd. (NASDAQ: CYTO) shares climbed 70.1% to $2.9255 after the company announced a collaboration with Univercells Group on nanoparticle-delivered mRNA vaccines.
- MicroAlgo Inc. (NASDAQ: MLGO) climbed 34.3% to $5.40 after declining around 5% on Friday.
- XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) gained 32.4% to $3.4690. XTL Biopharmaceuticals recently entered into a binding term sheet to acquire all of the issued and outstanding share capital of Social Proxy.
- Nkarta, Inc. (NASDAQ: NKTX) gained 23.3% to $11.00 after the company priced $240 million underwritten offering.
- Target Hospitality Corp. (NASDAQ: TH) jumped 21.3% to $10.82 after the company received a buyout offer from TDR Capital.
- Swvl Holdings Corp. (NASDAQ: SWVL) rose 21.2% to $11.26.
- Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) surged 21% to $0.6949.
- Lucid Group, Inc. (NASDAQ: LCID) jumped 18.7% to $3.29 after the company announced a $1 billion investment by an affiliate of PIF.
- Sagimet Biosciences Inc. (NASDAQ: SGMT) rose 16.9% to $5.27 after the company reported FY results and announced the appointment of Tim Walbert and Paul Hoelscher to its Board of Director.
- Ocugen, Inc. (NASDAQ: OCGN) jumped 16.4% to $1.9101. The Third Circuit Court of Appeals recently upheld the decision of the Eastern District of Pennsylvania to dismiss with prejudice the consolidated securities class action lawsuits against Ocugen.
- Flora Growth Corp. (NASDAQ: FLGC) shares gained 15.2% to $1.8206 after surging around 34% on Friday.
- Forge Global Holdings, Inc. (NYSE: FRGE) shares gained 14.5% to $2.67 after gaining 13% on Friday.
- Cipher Mining Inc. (NASDAQ: CIFR) jumped 14.1% to $5.27.
- GoodRx Holdings, Inc. (NASDAQ: GDRX) rose 13.5% to $7.44 after Wells Fargo upgraded the stock from Equal-Weight to Overweight and announced a $10 price target.
- Neuronetics, Inc. (NASDAQ: STIM) climbed 13.5% to $4.80. NeuroStar® Advanced Therapy received FDA clearance as a first-line add-on treatment for adolescents with depression.
- Lichen China Limited (NASDAQ: LICN) rose 12.6% to $1.16. Lichen China announced the launch of AI-powered software - Lichen AI Robot, which was developed on GPT-based technology.
- UroGen Pharma Ltd. (NASDAQ: URGN) rose 11.1% to $17.51.
- Cazoo Group Ltd (NASDAQ: CZOO) gained 11% to $4.12 after declining around 21% on Friday.
- Salarius Pharmaceuticals, Inc. (NASDAQ: SLRX) rose 10.5% to $0.6849 following fourth-quarter results.
- MicroStrategy Incorporated (NASDAQ: MSTR) gained 10.3% to $1,680.00 amid strength in Bitcoin.
- Masimo Corporation (NASDAQ: MASI) jumped 9.5% to $147.72 after the company announced it has authorized management to evaluate a proposed separation of its consumer business.
- Foot Locker, Inc. (NYSE: FL) shares rose 8.4% to $26.45 after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $28 to $32.
- GameStop Corp. (NYSE: GME) gained 8.2% to $14.17.
- Esperion Therapeutics, Inc. (NASDAQ: ESPR) gained 6.6% to $2.40 after the FDA approved broad labels for NEXLETOL and NEXLIZET to prevent heart attacks and cardiovascular procedures, regardless of statin use.
- Micron Technology, Inc. (NASDAQ: MU) climbed 5.1% to $115.81.
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Losers- Sintx Technologies, Inc. (NASDAQ: SINT) shares fell 49.1% to $0.0471 after the company announced pricing of a $1.3 million public offering of common stock.
- Akanda Corp. (NASDAQ: AKAN) fell 38.1% to $0.1507 after the company announced pricing of underwritten public offering.
- Fisker Inc. (NYSE: FSR) dipped 28.1% to $0.0897 after the company announced it received notice from the large automaker with which the company had been in negotiations for a potential transaction that the automaker terminated the negotiations.
- Australian Oilseeds Holdings Limited (NASDAQ: COOT) fell 25.4% to $1.85 after falling over 22% on Friday.
- Vimeo, Inc. (NASDAQ: VMEO) fell 26% to $3.98.
- Aurora Mobile Limited (NASDAQ: JG) dipped 18.8% to $2.8428. Aurora Mobile announced plans to use Moonshot AI large language model in its AI bot creation platform, GPTBots.AI.
- Invivyd, Inc. (NASDAQ: IVVD) fell 18.3% to $3.56. Invivyd shares jumped 41% on Friday after the company announced that PEMGARDA received emergency use authorization from the FDA for the pre-exposure prophylaxis of COVID-19.
- Li-Cycle Holdings Corp. (NYSE: LICY) dipped 18.7% to $0.9181.
- Aehr Test Systems (NASDAQ: AEHR) fell 18.1% to $12.01 after the company reported preliminary third-quarter and FY24 adjusted EPS and revenue results below estimates.
- Bitcoin Depot Inc. (NASDAQ: BTM) fell 17.1% to $2.2216 following weak quarterly sales.
- Invivyd, Inc. (NASDAQ: IVVD) declined 16.7% to $3.63.
- Sonder Holdings Inc. (NASDAQ: SOND) fell 16.3% to $3.29.
- Jowell Global Ltd. (NASDAQ: JWEL) fell 16.1% to $1.36.
- BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) fell 15.4% to $2.12 after dipping 31% on Friday.
- Canopy Growth Corporation (NASDAQ: CGC) fell 13.1% to $6.68. The German government recently approved legislation which legalizes the possession and cultivation of cannabis beginning April 1.
- Compass Minerals International, Inc. (NYSE: CMP) declined 13.1% to $15.25. US Forest Service halted contract with Compass Minerals for 2024 Fire Season due to safety concerns.
- Yiren Digital Ltd. (NYSE: YRD) fell 12% to $4.46.
- Dyne Therapeutics, Inc. (NASDAQ: DYN) dipped 11.8% to $24.90 after the company announced a CEO transition.
- Open Lending Corporation (NASDAQ: LPRO) fell 10.3% to $6.41. Open Lending named Chuck Jehl as COO and Interim CEO.
- Ontrak, Inc. (NASDAQ: OTRK) fell 10% to $0.3531 after jumping around 50% on Friday.
- Laser Photonics Corporation (NASDAQ: LASE) shares fell 9.2% to $1.68 after dipping around 9% on Friday. Laser Photonics, last week, announced a distribution agreement with Incredible Supply & Logistics (ISL) for its military and industrial laser solutions.
- OKYO Pharma Limited (NASDAQ: OKYO) shares fell 7.5% to $1.42 after falling around 13% on Friday. OKYO Pharma, last week, announced additional key findings from analyses of the clinical data set from the 240-patient Phase 2 trial evaluating the safety and efficacy of OK-101 (0.05%) ophthalmic solution in patients with dry eye disease (DED).
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