Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Reneo Pharmaceuticals, Inc. (NASDAQ: RPHM) shares rose sharply during Wednesday’s session after Concentra sent an acquisition proposal to acquire 100% of equity of the company for $1.80 per share.
Reneo Pharmaceuticals shares climbed 13.6% to $1.59 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- First Wave BioPharma, Inc. (NASDAQ: FWBI) shares jumped 169% to $9.90 after the company announced that it entered a non-binding term sheet to sell its Niclosamide program for the treatment of inflammatory bowel diseases.
- Cingulate Inc. (NASDAQ: CING) gained 95.2% to $4.08.
- RiskOn International, Inc. (NASDAQ: ROI) shares climbed 91.8% to $0.27. RiskOn International expects to announce its new generative AI platform and technology partner on Jan. 3, 2024.
- Cytokinetics, Incorporated (NASDAQ: CYTK) surged 64.2% to $75.05 after the company announced topline results from SEQUOIA-HCM, the Phase 3 clinical trial of aficamten in patients with symptomatic obstructive hypertrophic cardiomyopathy.
- AEye, Inc. (NASDAQ: LIDR) rose 61.2% to $3.58.
- Vince Holding Corp. (NYSE: VNCE) jumped 42% to $3.2399.
- Bit Brother Limited(NASDAQ: BETS) gained 38.2% to $0.0152 after jumping 111% on Tuesday.
- Nxu, Inc. (NASDAQ: NXU) rose 34% to $4.18.
- Virax Biolabs Group Limited (NASDAQ: VRAX) gained 32% to $1.7551.
- Jet.AI Inc. (NASDAQ: JTAI) shares gained 28% to $2.05 after falling 39% on Tuesday.
- Elicio Therapeutics, Inc. (NASDAQ: ELTX) jumped 25% to $8.89. Elicio Therapeutics 10% owner GKCC, LLC acquired a total of 1,213,000 shares an average price of $5.81.
- Matinas BioPharma Holdings, Inc. (NASDAQ: MTNB) gained 24.7% to $0.2518 after the company announced results from a series of in vivo studies demonstrating oral delivery of two LNC-formulated small single-strand oligonucleotides.
- Coherus BioSciences, Inc. (NASDAQ: CHRS) shares rose 23.8% to $2.70 after the company reported the FDA approval of UDENYCA ONBODY for pegfilgrastim-cbqv.
- TeraWulf Inc. (NASDAQ: WULF) gained 21.3% to $2.6950 after gaining 3% on Tuesday.
- Jiuzi Holdings, Inc. (NASDAQ: JZXN) rose 15.2% to $0.7322.
- Burford Capital Limited (NYSE: BUR) gained 14.3% to $15.44.
- Edgewise Therapeutics, Inc. (NASDAQ: EWTX) climbed 13.8% to $10.84.
- Mobile Global Esports Inc. (NASDAQ: MGAM) shares rose 13.8% to $0.4380 after gaining 33% on Tuesday.
- Wheels Up Experience Inc. (NYSE: UP) gained 12.8% to $4.74.
- Organogenesis Holdings Inc. (NASDAQ: ORGO) surged 12.2% to $4.4550. BTIG maintained Organogenesis with a Buy and raised the price target from $4 to $6.
- Ascent Industries Co. (NASDAQ: ACNT) rose 11.9% to $9.05 as the company reported the sale of the business of Specialty Pipe & Tube for around $55 million in an all-cash deal.
- Mynd.ai, Inc. (NYSE: MYND) gained 10.4% to $5.20.
- Coinbase Global, Inc. (NASDAQ: COIN) surged 7.4% to $184.89.
- Li Auto Inc. (NASDAQ: LI) gained 5.1% to $36.20.
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Losers- Hallmark Financial Services, Inc. (NASDAQ: HALL) shares fell 31.4% to $1.0764. Hallmark Financial Services gave notice to Nasdaq of intention to voluntarily delist its shares of common stock from Nasdaq Global Market.
- Baosheng Media Group Holdings Limited (NASDAQ: BAOS) fell 29.5% to $4.1050.
- Nukkleus Inc. (NASDAQ: NUKK) shares fell 28.8% to $2.60 after jumping around 11% on Tuesday.
- Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) fell 20.4% to $7.07 after the FDA placed a clinical hold on the IOV-LUN-202 trial in response to a recently reported Grade 5 adverse event potentially related to the non-myeloablative lymphodepletion pre-conditioning regimen.
- Mobix Labs, Inc. (NASDAQ: MOBX) shares fell 17.1% to $5.80 after surging over 34% on Tuesday.
- Color Star Technology Co., Ltd. (NASDAQ: ADD) dipped 15.4% to $0.33.
- Bluejay Diagnostics, Inc. (NASDAQ: BJDX) fell 15.4% to $2.20. Bluejay Diagnostics announced initiation of multicenter clinical study evaluating symphony IL-6 in sepsis patients.
- Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) declined 15% to $0.7880.
- ARB IOT Group Limited (NASDAQ: ARBB) fell 14.4% to $2.2155 after surging 175% on Tuesday.
- Asset Entities Inc. (NASDAQ: ASST) declined 13.7% to $0.6120.
- Volcon, Inc. (NASDAQ: VLCN) fell 12.7% to $0.1224. On Dec 19, Volcon got deficiency letter from Nasdaq that the company did not meet minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
- Smart for Life, Inc. (NASDAQ: SMFL) shares fell 10.8% to $1.63 after declining 7% on Tuesday.
- Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) shares fell 9.1% to $0.2090. Brainstorm Cell Therapeutics shares gained 16% on Tuesday after the company announced that it was granted patents for Allogeneic Exosome Platform-Product in neurological disorder treatments.
- Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) shares fell 8.7% to $1.16. Inspira Technologies shares gained 5% on Tuesday after the company announced 95% accuracy results for HYLA Blood Sensor. Additionally, the company plans FDA submission for clearance in 2024.
- InnSuites Hospitality Trust (NYSE: IHT) fell 8.6% to $1.4250.
- Oncternal Therapeutics, Inc. (NASDAQ: ONCT) shares fell 6.8% to $0.5510. Oncternal Therapeutics updated the status of a recent study involving a treatment for relapsed or refractory aggressive B-cell lymphoma, including patients who have failed previous CD19 CAR-T treatment.
- Canopy Growth Corporation (NASDAQ: CGC) fell 6.2% to $5.31.
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