Ulta Beauty, Inc.’s shares plummeted by a substantial 13.7% to $448.08 during Wednesday’s trading session, sparked by the company’s lackluster performance at the J.P. Morgan Retail Roundup investor conference where they painted a bleak picture of the future.
The market took a swing as other stocks also jostled for attention in the mid-day session today.
Victors of the Day
- ARCA biopharma, Inc. saw a meteoric rise of 108% to $3.5549, fueled by a merger agreement with Oruka Therapeutics.
- Kintara Therapeutics, Inc. saw a remarkable 89% increase to $0.1906 following a merger deal with TuHURA Biosciences.
- Next Technology Holding Inc. made strides with a 57.4% climb to $6.42.
- Vanda Pharmaceuticals Inc. witnessed a 39.3% surge to $5.45 after receiving U.S. FDA approval for Fanapt®.
- VivoPower International PLC saw a 39% increase to $8.20 on the back of a $5 million stock buyback plan.
- Next.e.GO N.V. soared by 32.7% to $0.0345.
- XTI Aerospace, Inc. ascended by 32.2% to $4.63 after a glowing review from BestGrowthStocks.com.
- Brooge Energy Limited leaped by 28.8% to $3.0790.
- Addex Therapeutics Ltd climbed by 24.6% to $16.21 following the launch of Neurosterix in collaboration with Perceptive Advisors.
- Aesthetic Medical International Holdings Group Limited made a significant move with a 24.3% gain to $0.3981, building upon a 13% rise the previous day.
- LAMF Global Ventures Corp soared by 22.7% to $13.21 after shareholder approval for a business combination with Nuvo Group Ltd.
- Quhuo Limited rose by 21.7% to $0.6501 after unveiling unaudited financial results for the latter part of 2023.
- Destiny Tech100 Inc. surged by 21.4% to $25.77.
- OneMedNet Corporation climbed by 21.2% to $0.9600, securing funding through a private placement of senior convertible notes.
- CXApp Inc. attained a 20.5% increase to $5.40, continuing a strong rally initiated earlier in the week with a partnership with Google Cloud.
- Clean Energy Technologies, Inc. rose by 20.5% to $1.63.
- American Battery Technology Company surged by 17.7% to $1.9301 after securing a $20 million tax credit for its battery recycling facility.
- C3is Inc. recorded a 14.9% rise to $0.0470, following positive fourth-quarter financial results.
- Pyxis Oncology, Inc. gained 12.3% to $6.04.
- Atai Life Sciences N.V. accelerated by 11.4% to $2.08 after an analyst upgrade and a new price target.
- Dave & Buster’s Entertainment, Inc. rose by 10.2% to $68.22 post fourth-quarter results disclosure.
- Esperion Therapeutics, Inc. jumped by 9.7% to $3.16.
- Signet Jewelers Limited climbed by 9.2% to $103.80 following an upbeat FY25 guidance.
- Inspire Veterinary Partners, Inc. rose by 9% to $0.0512, with a public offering prospectus filed on Jan. 5.
- Semtech Corporation gained 7.4% to $30.28.
- Cal-Maine Foods, Inc. increased by 6.8% to $62.88 after a strong fourth quarter.
Setbacks of the Day
- Casa Systems, Inc. stumbled by 78.1% to $0.0563 after filing voluntary petitions for relief.
The Abrupt Tumult in the Stock Market: A Closer Look at Recent Plummeting Stocks
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