Big Lots, Inc.’s shares (BIG) experienced a sharp drop during Monday’s session following the announcement of the company’s preliminary fourth-quarter results.
Additionally, Loop Capital downgraded the stock from Hold to Sell and reduced its price target from $6 to $1.
During Monday’s trading, Big Lots shares fell 31.3% to $3.6850.
Here are some other stocks that made moves during the mid-day session on Monday.
Stocks on the Rise
- Millennium Group International Holdings Limited MGIH surged 250% to $3.61 after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.
- Beamr Imaging Ltd. BMR shares climbed 241.5% to $7.20 after the company announced it will present its joint research relating to automated video modernization with NVIDIA at the ACM Mile-High-Video 2024 conference.
- DIH Holdings US, Inc. DHAI shares soared 65.2% to $2.1306. DIH Holding US secured $1.5 million in private placement financing from OrbiMed.
- ContextLogic Inc. WISH gained 40.2% to $6.31 after the company announced an agreement to sell substantially all of its operating assets and liabilities to Qoo10 for approximately $173 million in cash.
- SuperCom Ltd. SPCB shares jumped 40% to $0.2570. SuperCom recently disclosed that it has secured a new contract with an established California services provider in the judicial sector.
- Intuitive Machines, Inc. LUNR shares gained 33.3% to $6.65 after jumping around 32% on Friday.
- D-Wave Quantum Inc. QBTS gained 31% to $1.4295.
Stocks Struggling
- AN2 Therapeutics, Inc. ANTX shares dropped 73% to $5.35 after the company announced it will voluntarily pause enrollment in the Phase 3 part of the Phase 2/3 pivotal clinical trial evaluating epetraborole in treatment-refractory MAC lung disease.
- AirTouch Communications, Inc. ATCH fell 49.6% to $ 5.17.
- TOP Financial Group Limited TOP fell 40% to $3.21 after the company announced a $5 million registered direct offering of 2,000,000 shares and warrants at $2.50 per share and accompanying warrant.
