Benzinga - by Lisa Levin, Benzinga Editor. Gainers
- Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) shares jumped 283.7% to $1.3007 after Harmony Biosciences entered into definitive agreement to acquire the company for total potential consideration of up to $200 million in cash.
- Taysha Gene Therapies, Inc. (NASDAQ: TSHA) gained 96.1% to $1.4488 after the company reported initial clinical data from first adult Rett syndrome patient dosed in REVEAL Phase 1/2 trial. The company also announced second-quarter results.
- Hanryu Holdings, Inc. (NASDAQ: HRYU) climbed 37.9% to $6.44. Hanryu Holdings partnered with SALTLUX for the development of AI powered conversational virtual assistant on popular K-Culture fandom application, FANTOO.
- TMC the metals company Inc. (NASDAQ: TMC) shares gained 30% to $1.43 after the company announced a registered direct offering at $2 per share plus warrants.
- United States Steel Corporation (NYSE: X) shares rose 26.1% to $28.66. United States Steel late Sunday rejected a buyout offer from rival steel manufacturer Cleveland-Cliffs Inc. (NYSE: CLF) but welcomed the latter to participate in a formal review process.
- VCI Global Limited (NASDAQ: VCIG) rose 23.8% to $4.1115 after gaining 23% on Friday.
- Genius Group Limited (NYSE: GNS) shares rose 22.5% to $1.4597 after jumping 46% on Friday.
- Lifeway Foods, Inc. (NASDAQ: LWAY) jumped 19.5% to $7.53 following better-than-expected quarterly sales.
- SoundHound AI, Inc. (NASDAQ: SOUN) surged 19% to $2.3100.
- AGBA Group Holding Limited (NASDAQ: AGBA) shares surged 17.6% to $1.0312 after the company reported a 325% year-over-year growth in its second-quarter revenue.
- Visionary Education Technology Holdings Group Inc. (NASDAQ: VEDU) gained 17% to $0.3049.
- Bright Scholar Education Holdings Limited (NYSE: BEDU) rose 15.8% to $1.0545. Bright Scholar Education is expected to release its unaudited financial results for the six months of fiscal 2023 ended Feb. 28, 2023, on Aug. 16, 2023.
- Consolidated Water Co. Ltd. (NASDAQ: CWCO) gained 13.3% to $25.64. Janney Montgomery Scott upgraded Consolidated Water from Neutral to Buy.
- Summit Therapeutics Inc. (NASDAQ: SMMT) gained 13.1% to $1.9450.
- Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) shares climbed 13.1% to $5.37 after falling 13% on Friday.
- Origin Materials, Inc. (NASDAQ: ORGN) gained 12.7% to $1.3750.
- AMC Entertainment Hldg Pref Equity Units (NYSE: APE) rose 11.7% to $1.9883 after AMC gained court approval for its revised stock conversion plan.
- Connexa Sports Technologies Inc. (NASDAQ: CNXA) surged 11.3% to $0.1389.
- Karat Packaging Inc. (NASDAQ: KRT) jumped 11.2% to $25.85.
- Liquid Media Group Ltd. (NASDAQ: YVR) gained 10.1% to $0.65 as the company received non-binding term sheet from a fast-growing company.
- CURO Group Holdings Corp. (NYSE: CURO) gained 5.4% to $1.4750 after the company reported an agreement with Toronto, Ontario-based payment technology company DirectPay to further enhance CURO’s consumer loan repayment capabilities.
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Losers- BioXcel Therapeutics, Inc. (NASDAQ: BTAI) shares fell 45.2% to $4.0550 after the company reported second-quarter results and announced plans to reduce over 50% of jobs.
- Hawaiian Electric Industries, Inc. (NYSE: HE) fell 38.9% to $19.79 after Wells Fargo downgraded maintained an Underweight rating on the stock and lowered its price target from $35 to $25.
- Aurora Acquisition Corp. (NASDAQ: AURC) fell 33.7% to $23.50. Aurora Acquisition Co announced that Aurora’s shareholders voted to approve the proposed business combination with Better and each related proposal at an extraordinary general meeting of Aurora’s shareholders.
- AMC Entertainment Holdings, Inc. (NYSE: AMC) fell 33.5% to $3.4984 after the company received court approval for its revised stock conversion plan.
- Jet.AI Inc. (NASDAQ: JTAI) fell 33.5% to $4.4099.
- Black Spade Acquisition Co (NYSE: BSAQ) declined 31.5% to $10.15.
- Xiao-I Corporation (NASDAQ: AIXI) shares fell 29.6% to $5.00 after declining around 12% on Friday.
- AgileThought, Inc. (NASDAQ: AGIL) fell 27.1% to $0.5310.
- Fathom Digital Manufacturing Corporation (NYSE: FATH) fell 25% to $0.5801 following second-quarter results.
- Airspan Networks Holdings Inc. (NASDAQ: MIMO) fell 24.3% to $0.2135 after gaining 83% on Friday. The company announced the closing of its Mimosa sale to Reliance Jio and financing transactions.
- ESGL Holdings Limited (NASDAQ: ESGL) fell 24% to $2.38.
- 22nd Century Group, Inc. (NASDAQ: XXII) dipped 20.4% to $2.1899 following downbeat quarterly results.
- Science 37 Holdings, Inc. (NASDAQ: SNCE) declined 19.9% to $0.3521.
- Ebix, Inc. (NASDAQ: EBIX) fell 19.9% to $13.48.
- SunCar Technology Group Inc. (NASDAQ: SDA) fell 19.4% to $11.99.
- RVL Pharmaceuticals plc (NASDAQ: RVLP) fell 18.4% to $0.3750 following weak quarterly sales.
- Save Foods, Inc. (NASDAQ: SVFD) declined 18.4% to $0.84.
- Superior Drilling Products, Inc. (NYSE: SDPI) fell 17.7% to $1.09 following downbeat quarterly results.
- Concord Medical Services Holdings Limited (NYSE: CCM) fell 17% to $1.13.
- REE Automotive Ltd. (NYSE: REE) declined 16.6% to $0.2125.
- Fifth Wall Acquisition Corp. III (NASDAQ: FWAC) fell 16.6% to $9.00.
- The Oncology Institute, Inc. (NASDAQ: TOI) fell 16.4% to $0.8101.
- Bridgeline Digital, Inc. (NASDAQ: BLIN) shares fell 15.3% to $0.9397 after posting a loss for the third quarter.
- Yellow Corporation (NASDAQ: YELL) fell 12.6% to $1.6250 after declining around 5% on Friday.
- FG Financial Group, Inc. (NYSE: FGF) declined 12.6% to $1.3101.
- Belite Bio, Inc (NASDAQ: BLTE) fell 12.5% to $20.35.
- ORIC Pharmaceuticals, Inc. (NASDAQ: ORIC) declined 12.1% to $7.74.
- Fortrea Holdings Inc. (NASDAQ: FTRE) fell 11.6% to $27.09 after the company reported a year-over-year decrease in second-quarter adjusted EPS and sales results.
- NaaS Technology Inc. (NASDAQ: NAAS) declined 11% to $5.92.
- Nikola Corporation (NASDAQ: NKLA) fell 10.7% to $1.7399. In response to a recent fire probe revealing the cause of fires, Nikola decided to halt sales and voluntarily recall 209 Class 8 battery-electric trucks.
- Li-Cycle Holdings Corp. (NYSE: LICY) fell 10.6% to $4.9050. Li-Cycle reported second-quarter 2023 sales of $3.6 million, missing the consensus of $8.03 million.
- Erasca, Inc. (NASDAQ: ERAS) fell 9.7% to $2.6250.
- Wolverine World Wide, Inc. (NYSE: WWW) tumbled 9.3% to $7.99. Wolverine World Wide recently reported in-line earnings for the second quarter, but lowered FY23 guidance.
- ThredUp Inc. (NASDAQ: TDUP) declined 8.8% to $3.83
- Standard Lithium Ltd. (NYSE: SLI) fell 8.7% to $3.8517 after declining around 6% on Friday.
- Clarus Corporation (NASDAQ: CLAR) declined 8.3% to $8.35.
- Valneva SE (NASDAQ: VALN) shares fell 6.1% to $13.39 as the company announced prescription drug user fee act date extension for chikungunya virus vaccine candidate.
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