Phoenix New Media Stock (NYSE:FENG), Trade Ideas

Phoenix New Media

Phoenix New Media Ltd is a media company providing premium content on an integrated platform across the internet, mobile and TV channels in China. The company organizes its operations into two main segments: Net advertising services and Paid services. It provides its content and services through three channels: ifeng.com channel, video channel, and mobile channel. The company also offers a wide range of paid services including mobile value-added services, games, and content sales. It generates the majority of its revenue from Net advertising services. Geographically, it derives revenue from China.

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Phoenix New Media Limited American Depositary Shares, each representing 48 Class A ordinary shares.

Phoenix New Media Ltd

<h3>Gainers</h3>
<ul>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) shares moved upwards by 5.0% to $0.17 during Wednesday's after-market session. The company's market cap stands at $5.3 million. </li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) stock rose 4.32% to $1.69. The market value of their outstanding shares is at $20.4 million. </li>
<li>Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares rose 4.24% to $2.7. The market value of their outstanding shares is at $1.3 billion. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares increased by 2.97% to $3.12. The market value of their outstanding shares is at $6.7 million. </li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) stock rose 2.47% to $0.16. The company's market cap stands at $5.1 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) stock rose 2.4% to $1.7. The company's market cap stands at $7.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock decreased by 7.1% to $0.3 during Wednesday's after-market session. The company's market cap stands at $15.6 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock decreased by 5.5% to $0.86. The company's market cap stands at $24.5 million. </li>
<li>Ucloudlink Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCL#NASDAQ">UCL</a>) shares fell 4.97% to $1.53. The market value of their outstanding shares is at $56.5 million. </li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) stock declined by 4.32% to $9.09. The company's market cap stands at $2.2 billion. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares fell 4.12% to $0.43. The market value of their outstanding shares is at $1.6 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares fell 4.06% to $0.71. The market value of their outstanding shares is at $9.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGI

ANTE

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CSSE

HRYU

LFLY

SOPA

12 Communication Services Stocks Moving In Wednesday's After-Market Session

The ompany expects Q1 net advertising revenues are expected to be between RMB121.3 million and RMB131.3 million; and paid services revenues are expected to be between RMB9.5 million and RMB14.5 million.

Guidance

Phoenix New Media Expects Its Q1'2024 Total Revenues To Be RMB130.8M-RMB145.8M, Down From RMB211.8M Posted In Q4'2023

Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) reported quarterly Adj earnings of $0.23 per ADS. This is a 61.67 percent decrease over earnings of $0.60 per share from the same period last year. The company reported $29.80 million in sales this quarter. This is a 8.21 percent decrease over sales of $32.47 million the same period last year.

Earnings

Phoenix New Media Q4 Adjusted Earnings Per ADS $0.23 Down From $0.60 YoY, Sales $29.80M Down From $32.47M YoY

<h3>Gainers</h3>
<ul>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares moved upwards by 218.2% to $7.35 during Thursday's pre-market session. The company's market cap stands at $11.4 million. </li>
<li>Brera Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) shares moved upwards by 123.52% to $2.28. The market value of their outstanding shares is at $27.7 million. </li>
<li>MultiMetaVerse Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares rose 18.84% to $1.0. The company's market cap stands at $33.0 million. </li>
<li>Treasure Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares increased by 16.17% to $5.17. The company's market cap stands at $5.7 million. </li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) stock moved upwards by 12.01% to $2.08. The market value of their outstanding shares is at $25.3 million. </li>
<li>MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) shares moved upwards by 9.8% to $2.24. The market value of their outstanding shares is at $86.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) shares decreased by 6.7% to $1.12 during Thursday's pre-market session. The company's market cap stands at $5.0 million. </li>
<li>Bilibili (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) stock fell 6.11% to $10.15. The company's market cap stands at $4.1 billion. As per the press release, Q4 earnings came out today. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) stock fell 5.36% to $0.18. The market value of their outstanding shares is at $5.7 million. </li>
<li>Entravision Comms (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVC#NYSE">EVC</a>) shares decreased by 4.47% to $1.71. The company's market cap stands at $150.4 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock declined by 4.44% to $0.36. The company's market cap stands at $19.1 million. </li>
<li>FaZe Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAZE#NASDAQ">FAZE</a>) stock decreased by 4.38% to $0.17. The market value of their outstanding shares is at $13.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BILI

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12 Communication Services Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>NFT (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MI#AMEX">MI</a>) shares increased by 8.4% to $0.22 during Friday's after-market session. The market value of their outstanding shares is at $7.6 million. </li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) shares increased by 5.59% to $1.51. The company's market cap stands at $18.3 million. </li>
<li>So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) shares rose 5.35% to $1.18. The company's market cap stands at $121.8 million. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares increased by 5.16% to $0.71. The company's market cap stands at $2.6 million. </li>
<li>MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) shares moved upwards by 3.33% to $2.17. The company's market cap stands at $83.6 million. </li>
<li>Arena Group Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AREN#AMEX">AREN</a>) shares increased by 3.24% to $1.91. The company's market cap stands at $56.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Gaxos.AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) shares decreased by 18.0% to $0.58 during Friday's after-market session. The company's market cap stands at $6.8 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) stock decreased by 9.92% to $1.09. The market value of their outstanding shares is at $4.9 million. </li>
<li>Brera Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) shares declined by 6.03% to $1.24. The company's market cap stands at $14.4 million. </li>
<li>EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) stock declined by 4.94% to $13.09. The company's market cap stands at $3.5 billion. </li>
<li>FaZe Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAZE#NASDAQ">FAZE</a>) shares declined by 4.81% to $0.18. The market value of their outstanding shares is at $13.7 million. </li>
<li>trivago (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVG#NASDAQ">TRVG</a>) stock declined by 4.52% to $2.54. The market value of their outstanding shares is at $176.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AREN

GXAI

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12 Communication Services Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Brera Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) shares rose 215.5% to $3.39 during Wednesday's pre-market session. The company's market cap stands at $39.5 million. </li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) shares increased by 31.66% to $1.58. The market value of their outstanding shares is at $19.1 million. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares increased by 18.09% to $0.65. The market value of their outstanding shares is at $2.4 million. </li>
<li>Treasure Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares moved upwards by 14.14% to $0.11. The market value of their outstanding shares is at $7.8 million. As per the press release, Q2 earnings came out today. </li>
<li>Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares rose 12.34% to $2.73. The company's market cap stands at $1.3 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Baosheng Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) stock increased by 11.38% to $4.01. The company's market cap stands at $6.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Starbox Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBX#NASDAQ">STBX</a>) stock fell 6.8% to $0.32 during Wednesday's pre-market session. The company's market cap stands at $26.6 million. </li>
<li>MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) shares decreased by 5.18% to $1.65. The company's market cap stands at $63.5 million. </li>
<li>FaZe Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAZE#NASDAQ">FAZE</a>) stock decreased by 5.09% to $0.16. The company's market cap stands at $12.6 million. </li>
<li>Gamer Pakistan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) shares declined by 5.03% to $0.29. The market value of their outstanding shares is at $7.5 million. </li>
<li>Mobile Global Esports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGAM#NASDAQ">MGAM</a>) stock decreased by 4.64% to $0.21. The company's market cap stands at $4.2 million. </li>
<li>VS Media Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) shares fell 4.53% to $0.42. The market value of their outstanding shares is at $9.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BAOS

GPAK

MGAM

VSME

12 Communication Services Stocks Moving In Wednesday's Pre-Market Session

Phoenix New Media Limited (&quot;Phoenix New Media,&quot; &quot;ifeng&quot; or the &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>), a leading new media company in China, today announced that it has, through certain of its affiliated consolidated entities (the &quot;Licensees&quot;), entered into supplemental agreements to the trademark license agreements (the &quot;Supplemental Agreements&quot;) with a subsidiary of its parent company, Phoenix Satellite Television Holdings Limited (&quot;Phoenix TV&quot;), to renew such trademark license agreements between the parties originally entered into on December 8, 2017 (the &quot;2017 Trademark License Agreements&quot;) and the supplemental agreements to the 2017 Trademark License Agreements subsequently entered into between the parties (the &quot;Trademark License Agreements&quot;).

Phoenix New Media Announces Renewal of Trademark License Agreements with Phoenix TV

<h3>Gainers</h3>
<ul>
<li>ShiftPixy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pixy#NASDAQ">PIXY</a>) shares jumped 152.8% to $1.09. The company announced the effective date for its reverse stock split after the close. Shareholders voted to approve a reverse split on Aug. 21. After the closing bell on Tuesday, ShiftPixy said the one-for-twenty-four reverse split will take effect on Sept. 30.</li>
<li>SciSparc Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprc#NASDAQ">SPRC</a>) gained 120.9% to $0.3450. The company reported its previously announced 1-for-26 reverse share split is expected to be implemented after market close today.</li>
<li>Rite Aid Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rad#NYSE">RAD</a>) climbed 44% to $0.6175. Consulting firm McKinsey &amp; Company has reached a substantial settlement agreement of $230 million to resolve lawsuits filed by numerous U.S. local governments and school districts, accusing the firm of contributing to the opioid addiction crisis through its consulting work with OxyContin maker Purdue Pharma and other pharmaceutical companies.</li>
<li>MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) surged 27% to $24.31 after the company announced better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.</li>
<li>Biohaven Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhvn#NYSE">BHVN</a>) shares gained 24.6% to $21.99.</li>
<li>American Strategic Investment Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nyc#NYSE">NYC</a>) climbed 22.8% to $7.64 after Bellevue Capital Partners, LLC launched a tender offer for shares of the company.</li>
<li>Inpixon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inpx#NASDAQ">INPX</a>) gained 18.4% to $0.1512.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) shares climbed 18.3% to $0.1799 after falling around 25% on Tuesday.</li>
<li>Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) gained 18.2% to $2.4699 after falling over 12% on Tuesday. Gaucho Group recently announced a 1-for-10 reverse stock split.</li>
<li>Galecto, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glto#NASDAQ">GLTO</a>) shares climbed 17.3% to $0.6740 after the company announced plans to explore strategic alternatives.</li>
<li>Phoenix New Media Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/feng#NYSE">FENG</a>) climbed 16% to $1.3004 as the company announced up to $2 million share repurchase program.</li>
<li>Ramaco Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/metc#NASDAQ">METC</a>) rose 15.3% to $10.77.</li>
<li>SoundHound AI, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soun#NASDAQ">SOUN</a>) gained 15% to $1.84 after DA Davidson initiated coverage on the stock with a Buy rating and $5 price target.</li>
<li>VBI Vaccines Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vbiv#NASDAQ">VBIV</a>) rose 14% to $0.7142 as the company Announced interim data from the Phase 1 study of its multivalent pan-coronavirus vaccine candidate, VBI-2901.</li>
<li>Finance Of America Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/foa#NYSE">FOA</a>) gained 14% to $1.39.</li>
<li>Advanced Emissions Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ades#NASDAQ">ADES</a>) climbed 11.7% to $1.7095.</li>
<li>Warrior Met Coal, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hcc#NYSE">HCC</a>) surged 10.5% to $51.93.</li>
<li>Immunovant, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imvt#NASDAQ">IMVT</a>) climbed 10.2% to $44.04 as the company reported a proposed offering of $300 million of common stock.</li>
<li>PROS Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pro#NYSE">PRO</a>) surged 9.4% to $35.00. PROS Holdings is working with Qatalyst Partners to explore a sale, Reuters reported.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) gained 7.2% to $11.03. Craig-Hallum upgraded WW International from Sell to Hold.</li>
<li>Cardiff Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crdf#NASDAQ">CRDF</a>) shares gained 7% to $1.73 after the company announced clinical data in pancreatic cancer and small cell lung cancer, including single-agent activity from onvansertib monotherapy.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>mCloud Technologies Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcld#NASDAQ">MCLD</a>) shares dipped 45.5% to $0.1569 after the company said it would not meet the listing requirements of the Nasdaq Stock Market LLC.</li>
<li>Know Labs, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knw#NYSE">KNW</a>) fell 32.3% to $0.24 after the company announced pricing of a $7 million public offering of common stock.</li>
<li>Sharps Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stss#NASDAQ">STSS</a>) fell 31.6% to $0.56 after the company reported a $5.6 million registered direct and private placement priced at the market under Nasdaq rules.</li>
<li>XWELL, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xwel#NASDAQ">XWEL</a>) dipped 29.9% to $0.1142. XWELL announced a 1-for-20 reverse stock split.</li>
<li>Minerva Surgical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/utrs#NASDAQ">UTRS</a>) fell 29.6% to $0.1990 after jumping 55% on Tuesday.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffie#NASDAQ">FFIE</a>) tumbled 26.4% to $1.8099 after the company announced an &quot;at-the-market&quot; equity offering program.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) dipped 25% to $1.11. Femasys shares jumped 346% on Tuesday after the company received FDA 510(k) clearance for FemaSeed, an infertility treatment.</li>
<li>Tharimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thar#NASDAQ">THAR</a>) fell 24.4% to $0.2222 after surging 33% on Tuesday.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) fell 19% to $5.32 after declining more than 36% on Tuesday.</li>
<li>Cheche Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccg#NASDAQ">CCG</a>) declined 17.4% to $13.31.</li>
<li>NextEra Energy Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nep#NYSE">NEP</a>) fell 17.2% to $38.82 after the company announced it is revising its limited partner distribution per unit growth rate to 5% to 8% per year through at least 2026.</li>
<li>Soleno Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slno#NASDAQ">SLNO</a>) tumbled 15.8% to $22.55.</li>
<li>Avinger, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgr#NASDAQ">AVGR</a>) fell 15.5% to $6.43. Avinger raised gross proceeds of approximately $5.3 million through its at-the-market, selling an aggregate of 596,200 shares at a weighted average price of $8.97.</li>
<li>DMK Pharmaceuticals Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dmk#NASDAQ">DMK</a>) declined 15.2% to $0.6499. The company was recently granted a Canadian patent titled &#39;An Opioid For Use To Reduce And/Or Treat Drug Addiction.&#39;</li>
<li>TransCode Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) fell 13.5% to $0.5969. TransCode Therapeutics recently priced its $8 million public offering of 15.7 million shares at $0.51/share.</li>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) declined 12% to $37.98.</li>
<li>American Oncology Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aonc#NASDAQ">AONC</a>) fell 11.3% to $11.63.</li>
<li>Axcella Health Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axla#NASDAQ">AXLA</a>) fell 11% to $7.07 after declining around 10% on Tuesday.</li>
<li>VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) declined 9.3% to $11.68.</li>
<li>PolyPid Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypd#NASDAQ">PYPD</a>) fell 9% to $4.8980 after declining 4% on Tuesday. PolyPid recently announced a successful Good Manufacturing Practice (GMP) audit by the Israeli Ministry of Health.</li>
<li>Traeger, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cook#NYSE">COOK</a>) fell 8.1% to $2.60. Morgan Stanley downgraded Traeger from Equal-Weight to Underweight and lowered the price target from $4.75 to $3.</li>
<li>AngloGold Ashanti Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/au#NYSE">AU</a>) declined 7.2% to $16.87.</li>
<li>Wabash National Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wnc#NYSE">WNC</a>) fell 7% to $20.60. DA Davidson downgraded Wabash National from Buy to Neutral and announced a $25 price target.</li>
</ul>
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