Shares of TechTarget, Inc. TTGT soared after the company announced a strategic combination with Informa Tech’s digital businesses, propelling the stock price up by 14.4% to $40.34 on Thursday.
Take a glance at other movers in Thursday’s mid-day session.
Winners
- Atreca, Inc. BCEL rocketed 128.2% to $0.2447 on the heels of an asset sale. Last month, Atreca unveiled the sale of a collection of antibody-related assets and materials to Immunome for an upfront payment of $5.5 million and potential clinical development milestones of up to $7.0 million.
- First Financial Northwest, Inc. FFNW surged 53% to $20.94 as Global Credit Union set out to acquire First Financial Northwest Bank for a cash consideration of $231.2 million.
- Moolec Science SA MLEC gained 28.7% to $2.47.
- E-Home Household Service Holdings Limited EJH climbed 27% to $0.6677.
- Roma Green Finance Limited ROMA surged 26% to $4.98.
- SEALSQ Corp LAES rose 25.6% to $2.45 after delivering impressive FY23 revenue of $30 million, marking a substantial 29% year-over-year increase, far surpassing its Q3 growth projection of over 20%.
- Transphorm, Inc. TGAN jumped 25.3% to $4.75 following an announcement by Renesas Electronics about their intention to acquire the company for $5.10 per share in cash.
- Sagimet Biosciences Inc. SGMT advanced 22.7% to $6.42.
- Spectaire Holdings Inc. SPEC shares surged 22.2% to $2.97 after sealing a distribution agreement with MLab and Mosolf to introduce AireCore Emissions System in Europe.
- Marti Technologies, Inc. MRT gained 19.6% to $0.78 following the announcement of a share repurchase program of up to $2.5 million.
Losers
- Clearmind Medicine Inc. CMND shares tanked 42.7% to $1.6797. The company disclosed the pricing of a $2.4 million registered direct and private placement.
- Office Properties Income Trust OPI plunged 36% to $3.9650 after slashing its quarterly dividend to $0.01 per share.
- YanGuFang International Group Co., Ltd. YGF nosedived 34.4% to $1.1880. YanGuFang International appointed Ya Zhang as Interim CEO and Yang Sui as Interim CFO, effective January 9, 2024.
- 180 Life Sciences Corp. ATNF shares dropped 25.5% to $0.2244. The company secured an EU patent titled “Method of Treating a Localized Fibrotic Disorder Using An Il-33-Directed Antibody.”
Market Turmoil: Stocks Take a Tumble
The stock market resembled a skydiver making a quick descent as several companies saw their shares plummet on Thursday. Investors were left reeling as company after company displayed sudden and significant declines, with many learners of the stock market baffled at the sudden and dramatic shift.
Intuitive Machines, Inc.
Intuitive Machines, Inc. stumbled like a marathon runner hitting a wall, with its shares declining by a disheartening 18.4% to $2.31. Even as the dust settled, the company’s ominous outlook left investors feeling like they had boarded the wrong train.
Applied Optoelectronics, Inc.
Applied Optoelectronics, Inc. plunged 15.2% to $18.32, leaving investors feeling like they were glued to their seats on a rollercoaster moving in freefall. A sense of unease wafted through the market, with many investors feeling like they were caught in the jaws of an uninspired and struggling company.
E2open Parent Holdings, Inc.
E2open Parent Holdings, Inc. fell 14.8% to $3.55 as if it were a deflating balloon slowly losing its air. The sudden drop in the company’s stock left many investors feeling like they were sitting in a boat with a leak, watching the water pouring in and feeling powerless to stop it.
SunPower Corporation
SunPower Corporation declined 8.3% to $3.5650, leaving a trail of disappointment in its wake. Like a deflating balloon losing its lift, SunPower’s sudden drop sent a shiver through the market, leaving investors feeling like they were stranded in the desert without a sip of water.
Upstart Holdings, Inc.
Upstart Holdings, Inc. fell 7.2% to $33.00, as if it were a hiker on a steep incline, slipping on loose gravel and struggling to find solid ground. The unforeseen decline in the company’s stocks left investors feeling like they were stranded on an island with no rescue in sight.
