U.S. stocks closed lower with the Dow Jones dropping more than 300 points on Thursday. Here is the list of some big stocks recording gains in the previous session.
- Tilray Brands, Inc. (NASDAQ: TLRY) gained 30.9% to settle at $3.90. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning 'all prior federal offenses of simple marijuana possession.'
- Provention Bio, Inc. (NASDAQ: PRVB) surged 25.7% to close at $6.22 after the company announced it has entered into a co-promotion agreement with Sanofi (EPA:SASY) U.S. for the launch of its lead investigational drug candidate teplizumab.
- Richardson Electronics, Ltd. (NASDAQ: RELL) gained 24.6% to close at $19.12 following upbeat Q1 results.
- SNDL Inc. (NASDAQ: SNDL) rose 23.5% to close at $2.79. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning 'all prior federal offenses of simple marijuana possession.'
- Canopy Growth Corporation (NASDAQ: CGC) jumped 22.2% to close at $3.75. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning 'all prior federal offenses of simple marijuana possession.'
- Agenus Inc. (NASDAQ: AGEN) climbed 18.1% to close at $2.80.
- Compass, Inc. (NYSE: COMP) rose 16.1% to close at $2.96.
- Innovid Corp. (NYSE: CTV) gained 15.7% to settle at $2.72.
- PureTech Health plc (NASDAQ: PRTC) gained 14.8% to close at $31.01.
- Golden Sun Education Group Limited (NASDAQ: GSUN) gained 13.6% to close at $26.33.
- Cronos Group Inc. (NASDAQ: CRON) jumped 13.5% to close at $3.36. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning 'all prior federal offenses of simple marijuana possession.'
- Perion Network Ltd. (NASDAQ: PERI) gained 13% to close at $23.01. Perion issued preliminary Q3 results. The company said it sees Q3 revenue of $158 million.
- Avadel Pharmaceuticals plc (NASDAQ: AVDL) rose 12.7% to close at $6.46.
- Roivant Sciences Ltd. (NASDAQ: ROIV) gained 11.5% to close at $4.53.
- TOP Financial Group Limited (NASDAQ: TOP) rose 10.2% to close at $17.90.
- Berry Corporation (NYSE: BRY) gained 9.4% to settle at $9.30.
- Pinterest, Inc. (NYSE: NYSE:PINS) rose 4.9% to close at $25.83. Goldman Sachs (NYSE:GS) upgraded Pinterest from Neutral to Buy and raised the price target from $24 to $31.
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