Market Overview

15 Biggest Mid-Day Gainers For Wednesday

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  • Evoke Pharma Inc (NASDAQ: EVOK) shares surged 56.1 percent to $4.07 after the company disclosed that the FDA has exempted the company from requirement for a Human Factor Validation Study.
  • Novan Inc (NASDAQ: NOVN) shares jumped 44 percent to $6.90.
  • Zosano Pharma Corp (NASDAQ: ZSAN) shares rose 40.1 percent to $2.83. Zosano Pharma shares have dropped 2.88 percent over the past 52 weeks, while the S&P 500 index has gained 23.32 percent in the same period.
  • Cinedigm Corp (NASDAQ: CIDM) shares climbed 32 percent to $1.77 following Q3 results. Cinedigm posted consolidated adjusted EBITDA of $11.5 million on revenue of $24.4 million.
  • MDC Partners Inc (NASDAQ: MDCA) jumped 30 percent to $8.77 after the company disclosed that Goldman will make a $95 million investment in the company.
  • Fortress Investment Group LLC (NYSE: FIG) shares surged 28.7 percent to $7.99. SoftBank Group agreed to acquire Fortress Investment for $8.08 per share in cash.
  • Groupon Inc (NASDAQ: GRPN) shares jumped 22.4 percent to $4.63. Groupon posted upbeat results for its fourth quarter. Alibaba reported a 5.7 percent passive stake in Groupon as of December 31, 2016.
  • FunctionX Inc (NASDAQ: FNCX) shares jumped 19.5 percent to $3.25 after surging 25.46 percent on Tuesday. FunctionX reported a Q2 loss of $1.13 per share on sales of $1.215 million.
  • Adesto Technologies Corp (NASDAQ: IOTS) shares climbed 17 percent to $4.62. Adesto Technologies reported a Q4 loss of $1.7 million on revenue of $12.3 million.
  • Invuity, Inc. (NASDAQ: IVTY) jumped 16.6 percent to $8.10. Invuity posted in-line loss for its fourth quarter.
  • Wix.Com Ltd (NASDAQ: WIX) rose 14.5 percent to $60.60 after the company posted stronger-than-expected quarterly results.
  • Blueprint Medicines Corp (NASDAQ: BPMC) climbed 6.5 percent to $36.58. Morgan Stanley initiated coverage on Blueprint Medicines with an Overweight rating.
  • Sodastream International Ltd (NASDAQ: SODA) shares gained 6.2 percent to $50.28 after the company posted upbeat quarterly results.
  • Solaredge Technologies Inc (NASDAQ: SEDG) rose 4 percent to $15.02. SolarEdge reported Q4 adjusted earnings of $0.32 per share on revenue of $111.5 million.
  • Analog Devices, Inc. (NASDAQ: ADI) shares rose 3.1 percent to $80.20 after reporting strong Q1 results.

Posted-In: Mid-Day MoversNews Intraday Update Markets Movers

 

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