MorphoSys, Nuburu And Other Big Stocks Moving Higher On Wednesday

• U.S. stocks traded mixed, with the Dow Jones gaining more than 50 points on Wednesday. Here are some big stocks recording gains in today’s session.
• Nuburu, Inc. BURU shares climbed 104% to $5.55 after the company announced it has been selected by the U.S. Department of Defense for a position on the multiple award Indefinite Delivery/Indefinite Quantity contract for high energy laser beams.
• InflaRx N.V. IFRX shares surged 49.8% to $5.65 on continued upward momentum after the company yesterday announced it received FDA EUA for Gohibic for the treatment of critically ill COVID-19 patients. Today, LifeSci Capital upgraded the stock from Market Perform to Outperform.
• MorphoSys AG MOR gained 11.1% to $4.42. MorphoSys said it completed enrollment of Phase 3 MANIFEST-2 study of Pelabresib in Myelofibrosis.
• Lanvin Group Holdings Limited LANV jumped 8.3% to $5.06.
• Scilex Holding Company SCLX jumped 7% to $8.48.
• The Vita Coco Company, Inc. COCO gained 5.6% to $20.70. Craig-Hallum initiated coverage on Vita Coco with a Buy rating and announced a price target of $25.
• Calumet Specialty Products Partners, L.P. CLMT surged 5.4% to $16.98. Calumet Specialty Products Partners recently reported better-than-expected Q4 sales.

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