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Why Are Olin Stocks Declining by 13%? Here’s an Update on Stocks Performing Mid-Day on Friday

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Stocks Gaining Value

  • Edible Garden AG Incorporated (EDBL) experienced a significant surge of 181.1% to $3.63.
  • TradeUP Acquisition Corp. (UPTD) saw a gain of 148.5% to $18.14.
  • Taoping Inc. (TAOP) shares jumped 81.4% to $4.1177 following the release of positive H1 EPS and sales results.
  • TRxADE HEALTH, Inc. (MEDS) shares gained 41.9% to $10.84.
  • Novo Integrated Sciences, Inc. (NVOS) climbed 35% to $0.1889 after receiving an Underwriting Clearance Notice for a $70 million coupon.
  • Eos Energy Enterprises, Inc. (EOSE) shares rose 29.5% to $4.21 following the announcement of the $500 million β€˜Project AMAZE’ addressing long-duration energy storage demand.
  • Axcella Health Inc. (AXLA) shares rose 23.4% to $0.2850 after experiencing a decline of over 39% the previous day.
  • Dell Technologies Inc. (DELL) gained 22.2% to $73.37 after reporting better-than-expected second-quarter results and raising the outlook for the year.
  • urban-gro, Inc. (UGRO) gained 22% to $1.22 as it entered into an agreement for its investment in a private placement convertible note with XS Financial Inc, an equipment finance company serving the US cannabis industry.
  • Elastic N.V. (ESTC) shares gained 18.5% to $73.37 after reporting better-than-expected second-quarter results and raising the FY24 adj. EPS guidance.
  • Leafly Holdings, Inc. (LFLY) climbed 16.7% to $0.6352.
  • Butterfly Network, Inc. (BFLY) rose 14.2% to $2.02.
  • Nutanix, Inc. (NTNX) shares jumped 14.1% to $35.48 after reporting stronger-than-expected fourth-quarter financial results and announcing a $350 million share repurchase program.
  • A-Mark Precious Metals, Inc. (AMRK) gained 13.7% to $38.82 following strong quarterly results.
  • Cheetah Net Supply Chain Service Inc. (CTNT) gained 13% to $2.3851.
  • Lufax Holding Ltd (LU) climbed 12% to $1.35. Chinese stocks experienced a rise after China reduced the minimum down payment on mortgages as part of its stimulus measures.
  • UP Fintech Holding Limited (TIGR) rose 11.6% to $5.48.
  • Reliance Global Group, Inc. (RELI) gained 11.3% to $2.6015.
  • Processa Pharmaceuticals, Inc. (PCSA) shares rose 10.2% to $0.3460 after experiencing a 5% decline the previous day.
  • RVL Pharmaceuticals plc (RVLP) rose 9.9% to $0.1231.
  • Digital Media Solutions, Inc. (DMS) gained 9.7% to $4.1712. Chinese stocks experienced a rise after China reduced the minimum down payment on mortgages as part of its stimulus measures.
  • The Lovesac Company (LOVE) climbed 9.7% to $25.14, with preliminary second-quarter net sales totaling $154 million.
  • XPeng Inc. (XPEV) jumped 8.4% to $19.28 after reporting a 43% year-over-year increase in August deliveries.
  • NIO Inc. (NIO) gained 8% to $ 11.09. NIO delivered 19,329 vehicles in August 2023, an increase of 81% compared to the previous year.
  • 23andMe Holding Co. (ME) rose 6.4% to $1.17 after receiving FDA 510(K) clearance to expand its existing BRCA1/BRCA2 (selected variants) genetic health risk report.

Stocks Losing Value

  • Aditxt, Inc. (ADTX) shares fell 42.6% to $31.57 after announcing a $10 million private placement priced at-the-market under Nasdaq rules.
  • iCoreConnect Inc. (ICCT) fell 27.3% to $8.69. The company recently completed its business combination with FG Merger Corp.
  • CXApp Inc. (CXAI) dipped 23.6% to $3.03.
  • Biodexa Pharmaceuticals Plc (BDRX) fell 20% to $6.39 after experiencing a 60% jump the previous day.
  • Acer Therapeutics Inc. (ACER) fell 20% to $1.02 after a 110% increase the previous day. Roth MKM downgraded Acer Therapeutics from Buy to Neutral and announced a $1.5 price target.
  • SeqLL Inc. (SQL) fell 18.8% to $18.10.
  • Tingo Group, Inc. (TIO) shares fell 18.5% to $1.0500. Hindenburg announced their shorting of Tingo Group shares.
  • VinFast Auto Ltd. (VFS) declined 17% to $28.84 due to continued volatility following its recent Nasdaq debut.
  • Akso Health Group (AHG) fell 16% to $0.7841.
  • Catalyst Biosciences, Inc. (CBIO) declined 16% to $0.47.
  • Minim, Inc. (MINM) dipped 14.5% to $1.65.
  • Hongli Group Inc. (HLP) fell 14.4% to $2.37.
  • Olin Corporation (OLN) tumbled 13.2% to $50.35 after the announcement that Scott Sutton will step down as President, Chief Executive Officer, and Chairman of the Board in the first half of 2024.
  • Flora Growth Corp. (FLGC) shares fell 11.4% to $3.3953 after a 77% increase the previous day.
  • Inspire Veterinary Partners, Inc. (IVP) fell 11.4% to $3.36. Inspire Veterinary Partners announced the completion of a $6.4 million initial public offering.
  • Satixfy Communications Ltd. (SATX) fell 10.1% to $0.5850. SatixFy Communications shares jumped 36% the previous day following the announcement of a $60 million transaction with MDA.
  • The E.W. Scripps Company (SSP) declined 9.4% to $6.92.
  • 22nd Century Group, Inc. (XXII) fell 9.3% to $1.2791.
  • Sinclair, Inc. (SBGI) fell 8.6% to $11.53.
  • PagerDuty, Inc. (PD) shares tumbled 8% to $23.73. PagerDuty reported upbeat second-quarter results but issued a weak earnings forecast for the current quarter.
  • Warner Bros. Discovery, Inc. (WBD) fell 7.8% to $12.11.
  • Paramount Global (PARA) fell 7% to $14.03.
  • HashiCorp, Inc. (HCP) shares fell 5.5% to $27.56. HashiCorp reported upbeat second-quarter results but issued a weak FY24 earnings outlook.
  • Broadcom Inc. (AVGO) shares fell 4.8% to $878.98. Broadcom reported upbeat earnings for its third quarter but issued a weak forecast for the current quarter.

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