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Why Adial Pharmaceuticals Shares Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Published 20/10/2023, 18:45
Updated 20/10/2023, 20:10
© Reuters.  Why Adial Pharmaceuticals Shares Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Benzinga - by Lisa Levin, Benzinga Editor.

Gainers

  • XORTX Therapeutics Inc. (NASDAQ: XRTX) shares jumped 60.2% to $0.5101 after jumping 34% on Thursday.
  • Lipella Pharmaceuticals Inc. (NASDAQ: LIPO) climbed 58.7% to $2.46. Lipella Pharmaceuticals announced FDA clearance of IND for LP-310 for oral lichen planus.
  • Catalyst Biosciences, Inc. (NASDAQ: CBIO) jumped 44% to $0.5780.
  • MMTec, Inc. (NASDAQ: MTC) gained 37.6% to $2.84 after jumping 51% on Thursday. MMTEC is scheduled to hold its 2023 annual meeting of shareholders on Nov. 10, 2023.
  • Nouveau Monde Graphite Inc. (NYSE: NMG) surged 28% to $2.60
  • Aravive, Inc. (NASDAQ: ARAV) shares climbed 26.3% to $0.1780 after falling 15% on Thursday.
  • HUB Cyber Security Ltd. (NASDAQ: HUBC) shares jumped 22.7% to $0.6994 after jumping 25% on Thursday. HUB Cyber Security recently reported the strategic appointment of Mr. Noah Hershcoviz as Chief Strategy Officer and a member of the Company’s Board of Directors.
  • Urgent.ly Inc. (NASDAQ: ULY) shares gained 21% to $6.66 after falling around 52% on Thursday. Urgent.ly announced the closing of its acquisition of Otonomo Technologies Ltd.
  • FLJ Group Limited (NASDAQ: FLJ) surged 17.5% to $ 0.2574.
  • Eiger BioPharmaceuticals, Inc. (NASDAQ: EIGR) gained 17.4% to $0.3199.
  • Versus Systems Inc. (NASDAQ: VS) climbed 16.8% to $0.2150.
  • American Well Corporation (NYSE: AMWL) shares rose 13.9% to $1.0750. American Well and Leidos Holdings have recently won a next-generation contract to provide a hybrid care technology platform designed to power the "Digital First" transformation of the U.S. Military Health System (MHS).
  • Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) shares climbed 12.1% to $1.11 after falling 12% on Thursday.
  • Knight-Swift Transportation Holdings Inc. (NYSE: KNX) shares gained 11.1% to $50.95 after the company reported better-than-expected third-quarter financial results.
  • Intelligent Living Application Group Inc. (NASDAQ: ILAG) rose 9.8% to $0.90 after falling around 17% on Thursday.
  • SuperCom Ltd. (NASDAQ: SPCB) gained 9.6% to $0.4715.
  • Bowlero Corp. (NYSE: BOWL) shares rose 9.4% to $11.92 after the company announced it completed a $432.9 million sale-leaseback with VICI Properties.
  • TeraWulf Inc. (NASDAQ: WULF) surged 9.3% to $1.19.
  • Nocera, Inc. (NASDAQ: NCRA) gained 8.8% to $1.4250.
  • Vicarious Surgical Inc. (NASDAQ: RBOT) rose 6.7% to $0.4150.
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Losers
  • WEBUY GLOBAL LTD. (NASDAQ: WBUY) shares tumbled 33.7% to $3.5407 after surging 33% on Thursday. Webuy Global priced $15.2 million initial public offering of 3.8 million ordinary shares at $4 per share.
  • SolarEdge Technologies, Inc. (NASDAQ: SEDG) shares fell 28.3% to $81.68 after the company issued preliminary third-quarter revenue results below estimates and lowered its non-GAAP gross margin forecast. Deutsche Bank downgraded SolarEdge Technologies from Buy to Hold and lowered the price target from $300 to $150, while Roth MKM downgraded the stock from Buy to Neutral and cut the price target from $280 to $100.
  • Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) shares fell 27.8% to $0.39.
  • Outlook Therapeutics, Inc. (NASDAQ: OTLK) dipped 26.7% to $0.4833.
  • RVL Pharmaceuticals plc (NASDAQ: RVLP) fell 22.8% to $0.0320.
  • Arcutis Biotherapeutics, Inc. (NASDAQ: ARQT) shares fell 22.4% to $2.35. Arcutis Biotherapeutics priced $100 million public offering of 32.5 million common shares at $2.50 per share.
  • Lazydays Holdings, Inc. (NASDAQ: LAZY) fell 21.1% to $6.49.
  • SeaStar Medical Holding Corporation (NASDAQ: ICU) fell 21% to $0.94 after gaining over 54% on Thursday. The FDA recently granted the company's Selective Cytopheretic Device Breakthrough Device Designation for hepatorenal syndrome.
  • Renovaro Biosciences Inc. (NASDAQ: RENB) fell 19.6% to $2.7650.
  • Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) dipped 19.6% to $2.2601 after the company announced a $4 million private placement priced at-the-market under Nasdaq rules.
  • Atreca, Inc. (NASDAQ: BCEL) shares fell 18.5% to $0.30, after jumping around 35% on Thursday.
  • Alpine 4 Holdings, Inc. (NASDAQ: ALPP) dipped 18% to $0.9101.
  • Gamer Pakistan Inc. (NASDAQ: GPAK) declined 18% to $0.8850.
  • Neptune Wellness Solutions Inc. (NASDAQ: NEPT) declined 14% to $0.8245.
  • Enphase Energy, Inc. (NASDAQ: ENPH) shares fell 13.3% to $100.42 in sympathy with SolarEdge, which issued weak preliminary third-quarter outlook.
  • Regions Financial Corporation (NYSE: RF) declined 12.6% to $14.40 after the company reported worse-than-expected third-quarter financial results.
  • SunPower Corporation (NASDAQ: SPWR) shares fell 9.7% to $5.03. Exane BNP Paribas analyst Moses Sutton initiated coverage on SunPower with an Underperform rating and announced a price target of $4.
  • Spectral AI, Inc. (NASDAQ: MDAI) fell 9.7% to $3.2601. Spectral AI shares jumped 39% on Thursday after the company announced that its DeepView SnapShot Wound Imaging System was marked for use in the U.K. and received Class 1 medical device classification with the FDA.
  • Cuentas Inc. (NASDAQ: CUEN) fell 9.4% to $1.0602. The company recently appointed Mr. Shlomo Zakai as Chief Financial Officer and Mr. Adiv Baruch as Strategic Business Officer.
  • Bitdeer Technologies Group (NASDAQ: BTDR) fell 9% to $ 3.10. Bitdeer announced a new $2 million share repurchase program.
  • Definitive Healthcare Corp. (NASDAQ: DH) declined 8.7% to $6.92.
  • Lindsay Corporation (NYSE: LNN) fell 8.7% to $111.95. Lindsay recently reported better-than-expected fourth-quarter financial results.
  • Sunrun Inc. (NASDAQ: RUN) shares declined 7.8% to $9.75 in pre-market trading in sympathy with SolarEdge, which issued weak preliminary Q3 outlook.
  • Hewlett Packard Enterprise Company (NYSE: HPE) fell 7.3% to $15.11 after it chalked out long-term and FY24 outlook at its recent investor day.
  • Oracle Corporation (NYSE: ORCL) declined 6.1% to $101.71.
  • Sunnova Energy International Inc. (NYSE: NOVA) shares fell 5.8% to $8.69. Deutsche Bank downgraded Sunnova Energy Intl from Buy to Hold and lowered the price target from $23 to $12.5.
  • Intuitive Surgical, Inc. (NASDAQ: ISRG) fell 5% to $259.98 after the company reported mixed third-quarter financial results.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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