Why Is Akebia Therapeutics Surging By 28%? 48 Stocks Moving In Friday's Mid-Day Session

Gainers

  • Quoin Pharmaceuticals, Ltd. QNRX rose 56.1% to $ 0.7029 after dropping 10% on Thursday.
  • Allena Pharmaceuticals, Inc. ALNA jumped 49.3% to $0.2852. Allena Pharmaceuticals recently announced it has terminated its previously announced at-the-market offering.
  • Inter & Co, Inc. INTR gained 31.9% to $2.77. Goldman Sachs recently initiated coverage on the stock with a Sell rating.
  • Akebia Therapeutics, Inc. AKBA gained 28% to $0.4521 after the company executed an agreement to terminate its vadadustat Collaboration and License Agreements with Otsuka Pharmaceutical. The company will receive a $55 million settlement fee.
  • Lytus Technologies Holdings PTV. Ltd. LYT shares climbed 25.2% to $5.21. Lytus recently announced the closing of initial public offering.
  • ECMOHO Limited MOHO rose 24.8% to $0.2049 after dropping over 4% on Thursday.
  • Fast Radius, Inc. FSRD rose 22.3% to $0.7699 after jumping over 37% on Thursday. Fast Radius recently appointed Pat McCusker as President, Interim CFO and John Nanry as COO.
  • Larimar Therapeutics, Inc. LRMR gained 20.9% to $2.37.
  • Shift Technologies, Inc. SFT rose 20.1% to $0.8086 after declining around 7% on Thursday.
  • Faraday Future Intelligent Electric Inc. FFIE surged 19.2% to $3.10.
  • VerifyMe, Inc. VRME shares gained 18.6% to $2.3250 after the company announced liquidation of the G3 VRM Acquisition SPAC and initiated a new share repurchase program.
  • Accolade, Inc. ACCD surged 18.2% to $8.74 after the company reported better-than-expected Q1 results.
  • Borqs Technologies, Inc. BRQS jumped 17.3% to $1.9699 after the company announced its subsidiary, Holu Hou Energy, signed $49.8 million of contracts in Q2 in the State of Hawaii.
  • China SXT Pharmaceuticals, Inc. SXTC gained 17.2% to $2.04.
  • Coupang, Inc. CPNG gained 15.9% to $14.77 after Credit Suisse upgraded the stock from Neutral to Outperform.
  • Aspira Women's Health Inc. AWH rose 14% to $0.6699.
  • LightInTheBox Holding Co., Ltd. LITB gained 13% to $1.0850. LightInTheBox recently posted Q1 sales of $93.77 million.
  • Sonder Holdings Inc. SOND shares surged 12.5% to $1.17.
  • Cosmos Holdings Inc. COSM gained 12.1% to $0.4191. Cosmos Holdings reported a strategic R&D partnership with Cloudpharm P.C. to study the human gastrointestinal microbiome and launch related products targeting on obesity and other gut-related disorders.
  • Missfresh Limited MF shares rose 11.1% to $0.2833 after declining around 10% on Thursday.
  • Engine Gaming and Media, Inc. GAME gained 11.1% to $0.90.
  • Omeros Corporation OMER rose 10.8% to $3.05.
  • Tenax Therapeutics, Inc. TENX gained 10% to $0.3299.
  • Etsy, Inc. ETSY surged 9.1% to $79.85. Evercore ISI Group maintained Etsy with an Outperform and lowered the price target from $130 to $95.
  • Missfresh Limited MF gained 9% to $0.2780.
  • Synchronoss Technologies, Inc. SNCR surged 8.3% to $1.2450.
  • OceanPal Inc. OP rose 5% to $0.50. OceanPal recently announced entry into agreement to acquire capesize dry bulk vessel.


Losers

  • Talaris Therapeutics, Inc. TALS shares dropped 49.4% to $2.28. SVB Leerink downgraded Talaris Therapeutics from Outperform to Market Perform and lowered the price target from $21 to $7.
  • Agile Therapeutics, Inc. AGRX fell 44% to $0.6497 after the company priced a 26,666,666 share common stock offering at $0.90 per share.
  • ioneer Ltd IONR fell 29% to $12.51.
  • Ensysce Biosciences, Inc. ENSC fell 27.4% to $0.6305 after jumping around 73% on Thursday.
  • Kohl's Corporation KSS shares fell 21.3% to $28.10 after the company called off discussions to sell its business to Franchise Group Inc.
  • MMTec, Inc. MTC dropped 20.8% to $0.2336.
  • Dermata Therapeutics, Inc. DRMA shares fell 20% to $0.5199 after jumping around 20% on Thursday.
  • Cryptyde, Inc. TYDE dropped 18.2% to $1.66.
  • Borr Drilling Limited BORR fell 18% to $3.78 after dropping 15% on Thursday.
  • Celldex Therapeutics, Inc. CLDX fell 16.9% to $22.41 after the company presented interim data from its Barzolvolimab Phase 1b study at EAACI 2022.
  • Endo International plc ENDP fell 14.4% to $0.3976 after the company announced topline results from its Phase 2 study of collagenase clostridium histolyticum (CCH) in participants with adhesive capsulitis (AC) of the shoulder (frozen shoulder).
  • Yoshitsu Co., Ltd TKLF dropped 14.2% to $1.45.
  • Acutus Medical, Inc. AFIB declined 14% to $0.9638. Acutus Medical recently announced the commercial launch of its left-heart access products.
  • ThermoGenesis Holdings, Inc. THMO fell 13.3% to $0.2392.
  • Evofem Biosciences, Inc. EVFM dropped 12.3% to $0.99.
  • Jiuzi Holdings, Inc. JZXN fell 12.1% to $0.7713.
  • Kalera Public Limited Company KAL dropped 10.4% to $5.28.
  • Amarin Corporation plc AMRN fell 9.4% to $1.35. Amarin announced REDUCE-IT exploratory post hoc biomarker sub-analysis showed relatively small changes in inflammatory markers between icosapent ethyl and placebo.
  • Revelation Biosciences, Inc. REVB fell 7.2% to $1.03 after jumping 77% on Thursday. Revelation Biosciences recently announced completion of dosing for Phase 1b CLEAR clinical study of REVTx-99b for treatment of allergic rhinitis.
  • Biophytis S.A. BPTS shares fell 7% to $1.00 after the company announced the drawing of the second tranche of Ornane under the 2021 Atlas contract for €4 million.
  • Micron Technology, Inc. MU fell 5.4% to $52.28. Micron reported upbeat financial results for its third quarter, but issued weak guidance for its fourth quarter.

Posted In: Mid-Day MoversTop GainersNewsPenny StocksSmall CapIntraday UpdateMarketsMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.