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Why are Asbury Automotive Group shares down more than 6%? Here’s what’s happening in today’s mid-day session

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Why are Asbury Automotive Group shares down more than 6%? Here’s what’s happening in today’s mid-day session

Gainers

  • InMed Pharmaceuticals Inc. (NASDAQ: INM) shares surged 169% to $1.56 after the company announced positive results from a proof-of-concept study for its lead Alzheimer’s drug candidate.
  • LianBio (NASDAQ: LIAN) shares climbed 94.3% to $2.7003 following an agreement with Bristol Myers Squibb for distribution rights in China and other Asian markets.
  • Ascent Solar Technologies, Inc. (NASDAQ: ASTI) rose 78.1% to $1.7499 after receiving encouragement from the U.S. Department of Energy for potential federal funding.
  • Falcon’s Beyond Global, Inc. (NASDAQ: FBYD) gained 36.8% to $17.53.
  • ImmunityBio, Inc. (NASDAQ: IBRX) jumped 31.4% to $1.88.
  • AERWINS Technologies Inc. (NASDAQ: AWIN) climbed 29.9% to $0.1481 after a 10% decline on Monday.

Losers

  • reAlpha Tech Corp. (NASDAQ: AIRE) shares plunged 70.7% to $119.00 as the company announced the effectiveness of its registration statement for a proposed direct listing on the Nasdaq.
  • LumiraDx Limited (NASDAQ: LMDX) shares fell 42% to $0.1596 despite a 216% jump on Monday following a strategic collaboration announcement.
  • INVO Bioscience, Inc. (NASDAQ: INVO) dropped 34% to $1.40 after a significant increase on Monday due to an acquisition announcement.
  • Markforged Holding Corporation (NASDAQ: MKFG) shares dipped 27.8% to $0.7801 as the company projected lower-than-expected revenue for the third quarter.
  • Spectaire Holdings Inc. (NASDAQ: SPEC) fell 25.2% to $2.25.
  • TransUnion (NYSE: TRU) declined 24.6% to $48.88 after reporting worse-than-expected financial results for the third quarter.

Asbury Automotive Group, Inc. (NYSE: ABG) experienced a decline of 6.5% to $186.15 following weak quarterly results. It’s essential for financial news consumers and investors to stay informed about the latest market movements. By understanding the factors influencing stock performance, individuals can make informed decisions and potentially capitalize on market opportunities.


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