Shares of Westport Fuel Systems Inc. WPRT experienced a sharp decline in Tuesday’s session after
announcing a fourth-quarter loss that exceeded market forecasts.
The fourth-quarter loss per share for Westport Fuel Systems came in at 81
cents, notably wider than the expected 51 cents per share.
Consequently, Westport Fuel Systems shares fell 9.9% to $6.52 on
Monday.
Exploring other stocks that were on the move during the mid-day session
on Tuesday:
Surging Stocks
- Stoke Therapeutics, Inc. STOK witnessed a substantial
72.6% increase to $11.24 following the announcement of Phase 1/2a data supporting STK-001’s
potential in Dravet syndrome. - C3is Inc. CISS surged 65% to $0.0581 after reporting
year-over-year growth in fourth-quarter financial results. - OpGen, Inc. OPGN climbed 48.2% to $0.7039 post a securities
purchase agreement with investor David Lazar. - Mesoblast Limited MESO gained 43.2% to $3.1501
after FDA notification regarding Remestemcel-L. - Praxis Precision Medicines Inc PRAX rose 31.9% to $66.63
following a Phase 2a study on PRAX-628.
Falling Stocks
- Quhuo Limited QH experienced a significant 68.5% dip, reaching $0.40.
- NeuBase Therapeutics, Inc.
A Market in Turmoil: Stock Price Plummets Dominate Nasdaq and NYSE
- NBSE NBSE crashed by a mesmerizing 51.8% to a paltry $0.48 after a 3% slip on Monday.
- Cardlytics Inc CDLX nosedived 40.4% to $12.06 following the announcement of a $150 million proposed convertible senior notes offering.
- AppTech Payments Corp. APCX plunged 39.3% to a mere $1.00 after pricing its 2 million share offering at a humble $1 per share.
- Next.e.GO N.V. EGOX shares tumbled by a substantial 27.6% to $0.037 after a surprising 30% surge on Monday.
- Professional Diversity Network Inc IPDN declined by 27.2% to $1.82.
- Canoo Inc GOEV shares dropped 21.4% to a meager $3.30.
- GDS Holdings Limited GDS took a hit, falling 20.2% to $6.68 after unveiling fourth-quarter results, an equity raise, and a new CEO for its international business.
- Equillium Inc EQ shares dwindled by 20.1% to $1.95 following fourth-quarter results.
- BYND Cannasoft Enterprises BCAN faced a setback, plummeting 17.9% to $1.61.
- Murano Global Investments Plc MRNO fell 17.9% to $14.78.
- Dada Nexus Limited DADA shares dropped by 17.8% to $2.08 after a disappointing fourth-quarter report.
- Etao International ETAO stumbled, falling by 14.7% to $4.35.
- Tivic Health Systems, Inc. TIVC took a hit, declining by 14.4% to $1.24 after releasing fourth-quarter results.
- Akebia Therapeutics Inc AKBA shares dipped by 9.5% to $2.00.
- Graphjet Technology GTI plummeted by 9.3% to $7.26.
- Monte Rosa Therapeutics Inc GLUE saw an 8.4% drop to $7.75.
- Consol Energy Inc CEIX fell by 8.1% to $79.36.
- RH RH decreased by 4% to $276.00. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating and a $285 price target for RH stock.
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