Materialise Stock (NASDAQ:MTLS), Trade Ideas

Materialise

Materialise NV is a provider of 3D printing services. The products and services of the group are organized in the three segments: Medical segment, which develops and delivers medical software solutions, medical devices, and other related products and services; Software segment, which develops and delivers additive manufacturing software solutions and related services; and Manufacturing segment, which delivers 3D printed products and related services. Its geographical segments are the United States, the Americas (excluding the USA), Belgium, Germany, France, Switzerland, the United Kingdom, Italy, Netherlands, Other Europe, and the Asia Pacific.

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	Airspan Networks Holdings Inc. (NYSE: MIMO) shares gained 79.5% to $0.2740.


Why Surgalign Holdings Shares Are Trading Lower By Around 75%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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U.S. stocks traded lower, with the Dow Jones dropping around 250 points on Tuesday. Here are some big stocks recording gains in today’s session.


DICE Therapeutics, Surmodics, Nikola, And Other Big Stocks Moving Higher On Tuesday

Materialise NV - American Depositary Shares

Materialise NV

<h3>Gainers</h3>
<ul>
<li>GRIID Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRDI#NASDAQ">GRDI</a>) stock moved upwards by 26.4% to $1.39 during Friday's pre-market session. The market value of their outstanding shares is at $91.2 million. </li>
<li>Intellicheck (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDN#NASDAQ">IDN</a>) stock rose 18.28% to $2.07. The company's market cap stands at $40.0 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) shares moved upwards by 9.12% to $0.22. The company's market cap stands at $14.9 million. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) shares rose 8.26% to $0.5. The market value of their outstanding shares is at $2.3 million. </li>
<li>UTStarcom Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTSI#NASDAQ">UTSI</a>) stock rose 7.69% to $2.8. The company's market cap stands at $26.1 million. </li>
<li>Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) stock rose 7.63% to $5.5. The market value of their outstanding shares is at $324.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Abits Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) stock declined by 14.1% to $0.67 during Friday's pre-market session. The company's market cap stands at $23.8 million. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock fell 8.32% to $5.4. The market value of their outstanding shares is at $34.0 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock fell 7.21% to $0.14. The market value of their outstanding shares is at $3.9 million. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) shares fell 6.46% to $1.45. The company's market cap stands at $339.7 million. </li>
<li>SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares fell 6.14% to $6.27. The market value of their outstanding shares is at $1.9 billion. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock fell 6.09% to $2.16. The company's market cap stands at $430.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Materialise shares are trading lower after the company reported mixed Q4 financial results and issued guidance.

2024&nbsp;Guidance
For fiscal 2024, we will be providing&nbsp;guidance&nbsp;for both our consolidated revenue as well our consolidated Adjusted EBIT, and will no longer be providing&nbsp;guidance&nbsp;for our consolidated Adjusted EBITDA. We believe our consolidated Adjusted EBIT will be a more useful&nbsp;guidance&nbsp;measure for investors and analysts going forward as Adjusted EBIT includes the periodic cost of capitalized tangible and intangible assets used in generating revenue in our business and, as such, will allow for a better assessment of our expected performance. However, we will continue to report the segment Adjusted EBITDA of our three business segments.
Mrs. de Vet-Veithen concluded, &quot;Whereas our&nbsp;guidance&nbsp;reflects the uncertain macro-economic and geo-political environment, we believe Materialise is ideally positioned, thanks to our strong product portfolio, continued investments in innovations and strong financial foundation. We expect sales in all three of our segments to increase. The growth of our Materialise Software revenue will be further temporarily impacted by the transition towards a cloud-based subscription business model that we are continuing to implement. Based on current market conditions, we expect our full year consolidated revenues to grow to a range of 265,000 to 275,000 kEUR in 2024. The revenue growth will result in an Adjusted EBIT which we currently anticipate to total between 11,000 and 14,000 kEUR. We expect our three segments to contribute to our Adjusted EBIT in line with their contributions to our revenue growth.&quot;

Guidance

Materialise NV Expects 2024 Revenue of €265M-€275M Vs $307.6M

Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.06 by 116.67 percent. This is a 87.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $72.15 million which beat the analyst consensus estimate of $66.10 million by 9.15 percent. This is a 7.88 percent increase over sales of $66.88 million the same period last year.

Earnings

Materialise Q4 EPS $(0.01) Misses $0.06 Estimate, Sales $72.15M Beat $66.10M Estimate

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Earnings Scheduled For February 21, 2024

Materialise NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) , a global pioneer in 3D printing solutions and services, Proponent, the largest independent aerospace distributor, and Stirling Dynamics, an EASA 21.J-certified Aerospace Design Organization, have announced the signing of a letter of intent (LOI) aimed at providing certified cabin solutions for aircraft.

Materialise, Proponent, and Stirling Dynamics Sign Letter of Intent to Provide Certified 3D-Printed Cabin Solutions

Initial joint workflow to be showcased at Formnext in Frankfurt, Germany
/&nbsp;Key Highlights
<ul>
<li>The strategic partnership between Ansys and Materialise delivers an efficient, end-to-end digital workflow with the power to help solve pressing challenges in the additive manufacturing (AM) industry</li>
<li>The workflow will deliver more value to Materialise Magics users by providing access to Ansys software, enabling research &amp; development teams to prepare AM builds and run best-in-class simulations all within the same interface</li>
</ul>
PITTSBURGH, Nov. 6, 2023 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4016630-1&amp;h=310142234&amp;u=https%3A%2F%2Fupl.inc%2Fxavvks&amp;a=Ansys">Ansys</a> (NASDAQ: ANSS), the global leader in engineering simulation software, and Materialise, a global leader in 3D printing software and service solutions, are joining forces to deliver integrated digital solutions to help overcome workflow challenges in the AM industry. The partnership will seamlessly integrate <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4016630-1&amp;h=3097303433&amp;u=https%3A%2F%2Fupl.inc%2Fg7cfdy&amp;a=Ansys+Additive+Suite">Ansys Additive Suite</a> into Materialise's data and build preparation tool, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4016630-1&amp;h=2084044224&amp;u=https%3A%2F%2Fwww.materialise.com%2Fen%2Findustrial%2Fsoftware%2Fmagics-data-build-preparation&amp;a=Magics">Magics</a>. An initial solution, to be previewed at Formnext 2023 and arriving in Q2 2024, will provide a best-in-class workflow for managing AM industrial projects across industries, including the medical and aerospace sectors.
In many cases, the AM process requires users to perform build and data preparation tasks on one software platform and run simulations on another. Build defects caught by simulation within Magics will remove the need for data transfer between tools to update build files. This ultimately requires users to master both platforms or transfer information to a completely different user, creating disconnected workflows and eliminating the scrap-saving benefits of simulation.
The Ansys and Materialise partnership alleviates these issues by combining Ansys' gold standard simulation software with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4016630-1&amp;h=564908957&amp;u=https%3A%2F%2Fwww.materialise.com%2Fen%2Findustrial%2Fsoftware%2Fmagics-data-build-preparation&amp;a=https%3A%2F%2Fwww.materialise.com%2Fen%2Findustrial%2Fsoftware%2Fmagics-data-build-preparation+">https://www.materialise.com/en/industrial/software/magics-data-build-preparation </a>Magics into one streamlined workflow, resulting in faster time-to-market and efficient distortion compensation. This end-to-end process also provides fertile ground for advanced AM research and development, empowering engineers and designers to overcome engineering barriers standing in the way of innovation.
"Improving accessibility to simulation is an important step to support our customers in their metal 3D printing," Bart Van Der Schueren, chief technology officer, executive vice president at&nbsp;Materialise. "Our goal is to enable a smooth design process by empowering users to seamlessly run valuable and efficient detection and correction simulations in tandem with build and data preparation. This partnership will do so by providing a platform for innovation and a process by which users can 3D print quality products with confidence."
"Simulation changes the way we perceive our interactions with the world," said Shane Emswiler, senior vice president of products at Ansys. "Whether it be understanding&nbsp;the&nbsp;behavior of new material or revisiting standardized product configurations, the adoption of Ansys technology into the AM workflow signifies the necessity and utility of simulation throughout all levels of the product life cycle."
Visit Ansys at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4016630-1&amp;h=3588922993&amp;u=https%3A%2F%2Fformnext.mesago.com%2Ffrankfurt%2Fen.html&amp;a=Formnext">Formnext</a>&nbsp;in Frankfurt, Germany, Nov 7-10, 2023, at booth B19 in hall 12.1, and Materialise at booth C139 in hall 12.1&nbsp;to learn more and watch a demonstration.

Ansys, Materialise Partnership Connects Industry-Leading Solutions To Enhance Additive Manufacturing Software

2023&nbsp;Guidance
Mr. Leys concluded, &quot;The revenue growth posted by each of our business segments during the first nine months of this year strengthens our confidence that our full-year 2023 revenues will be, in spite of the challenging macro-economic circumstances, well within our previously communicated range of 255,000 kEUR to 260,000 kEUR. At the same time, we are maintaining our Adjusted EBITDA&nbsp;guidance&nbsp;of between 28,000 kEUR and 33,000 kEUR for fiscal year 2023.&quot;

Materialise NV Reiterated FY23 Revenue of €255M-€260M Vs. $278.86M Est

Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.01 by 600 percent. This is a 250 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $63.70 million which missed the analyst consensus estimate of $66.90 million by 4.78 percent. This is a 12.11 percent increase over sales of $56.82 million the same period last year.

Materialise Q3 EPS $0.07 Beats $0.01 Estimate, Sales $63.70M Miss $66.90M Estimate

Materialise NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>), a global leader in 3D printing software and services, today announced that the company&#39;s Board of Directors has appointed Brigitte de Vet-Veithen as Chief Executive Officer. Brigitte de Vet-Veithen will succeed Fried Vancraen, who co-founded Materialise in 1990 and has served as the company&#39;s CEO for 33 years. Mr. Vancraen will continue to represent Materialise as the new Chairman of the Board of Directors. The leadership transition will become effective on January 1, 2024, as part of the management changes described below.
As of January 1, 2024, Mr. Vancraen will continue to provide strategic direction to Materialise and will represent the company as non-executive Chairman of the Board of Directors. In this new role, he will succeed Peter Leys, who has been the Executive Chairman of the Board for 10 years and will continue as a member of the Board. Further, as of January 1, 2024, co-founder Mrs. Ingelaere will step back from her role as Executive Vice President and will focus on her activities as a Board member. Materialise&#39;s Executive Committee will continue its strategic and operational role under the new presidency of Mrs. de Vet-Veithen.

Management

Materialise NV Taps Brigitte de Vet-Veithen as New CEO Succeeding Fried Vancraen Who Became the New Chair Effective January 1, Peter Leys Will Continue as Director

Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) is set to give its latest quarterly earnings report on Thursday, 2023-10-26. Here's what investors need to know before the announcement.
Analysts estimate that Materialise will report an earnings per share (EPS) of $0.01. 
Materialise bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.07, which was followed by a 1.24% drop in the share price the next day.
Here's a look at Materialise's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.06</td>
<td>-0.08</td>
<td>0.02</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.01</td>
<td>0.07</td>
<td>-0.08</td>
<td>0.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.24%</td>
<td>1.58%</td>
<td>6.22%</td>
<td>4.32%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Materialise were trading at $5.03 as of October 24. Over the last 52-week period, shares are down 50.83%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MTLS/earnings">To track all earnings releases for Materialise visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Materialise

2023&nbsp;Guidance
Mr. Leys concluded, &quot;Seven months into 2023, Materialise continues to expect to report consolidated revenue towards the high end of the 255,000 kEUR to 260,000 kEUR range we previously provided. We are also maintaining, despite the unexpected arbitration award granted against us in May 2023 for a total amount of (5,189) kEUR, our Adjusted EBITDA&nbsp;guidance&nbsp;between 28,000 kEUR and 33,000 kEUR for fiscal year 2023&quot;.

Materialise NV Reiterated FY23 Revenue Guidance Of $276.809M-282.237M Vs $293.07M Est

Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.06 by 116.67 percent. This is a 150 percent decrease over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $70.42 million which missed the analyst consensus estimate of $73.98 million by 4.81 percent. This is a 16.75 percent increase over sales of $60.32 million the same period last year.

Materialise Q2 EPS $(0.01) Misses $0.06 Estimate, Sales $70.42M Miss $73.98M Estimate

Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-07-26. Here's what investors need to know before the announcement.
Analysts estimate that Materialise will report an earnings per share (EPS) of $0.06. 
Materialise bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 1.58% increase in the share price the next day.
Here's a look at Materialise's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.08</td>
<td>0.02</td>
<td></td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.07</td>
<td>-0.08</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.58%</td>
<td>6.22%</td>
<td>4.32%</td>
<td>-0.78%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Materialise were trading at $8.53 as of July 24. Over the last 52-week period, shares are down 40.09%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/MTLS/earnings">To track all earnings releases for Materialise visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Tesla. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied over 6% in Monday's truncated session as traders bid up the stock following its<a href="https://www.benzinga.com/markets/equities/23/07/33091637/tesla-q2-deliveries-steamroll-past-estimates-as-quarter-end-push-positively-impacts-volume"> stellar second-quarter deliveries.</a>
What Happened: Cathie Wood's Ark Invest, through its Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and Ark Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), sold 29,297 shares of Tesla. The sale is valued at $8.20 million shares based on the $279.82 at which the stock closed on Monday.
Despite the recent selling spree, Ark has been a net buyer of Tesla stock this year. As opposed to the 1.193 billion stock the firm purchased this year, it has sold 905,679 shares.
Tesla is the top of holding of ARKK, Ark's flagship exchange-traded fund, with a weighting of 11.63%. It is also the top holding of Ark Autonomous Technology &amp; Robotics ETF (CBOE: ARKQ) with a 14.63% weighting. The stock is the second-biggest holding of ARKW with a 7.46% weighting.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">Everything You Need To Know About Tesla Stock</a>
Why It's Important: Despite some analysts being uneasy over Tesla's valuation, given the recent run-up, almost all on the sell-side are convinced about the company's long-term potential. Wood's Ark Invest expects the stock to rally to $2,000 by 2027, with much of the upside likely coming from the yet-to-be-launched robotaxi service.
Following the second-quarter deliveries report, a slew of analysts raised the price targets for the stock. Goldman Sachs' Mark Delaney <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33097030/tesla-tops-q2-delivery-expectations-but-analysts-say-near-term-direction-of-stock-h">increased the price target from $248 to $275.</a>
Other Major Ark Trades: On Monday, Ark through ARKK and ARKQ bought 69,766 shares of PagerDuty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) valued at $1.57 million. PagerDuty is a digital operations management platform.
Other trades are as follows:
Crispr Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>): 59,148 shares, valued at $3.3 million
Verve Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERV#NASDAQ">VERV</a>): 5,025, valued at $97,824
Materialise NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>): 29,899, valued at $256,832
Quantum-Si incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NASDAQ">QSI</a>): 61,088, valued at $111,180
Tesla closed Monday's session up 6.90% at $279.82, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33097030/tesla-tops-q2-delivery-expectations-but-analysts-say-near-term-direction-of-stock-h">Tesla&#8217;s Blockbuster Q2 Deliveries: Gene Munster Shares 5 Takeaways — And Why He Rules Out Margin Recovery In June Quarter</a>

Cathie Wood Continues To Sell Tesla Shares Amid Q2 Deliveries-Induced Strength: Here's How Much Shares Ark Offloaded Monday

<h3>Gainers</h3>
<ul>
<li>Airspan Networks Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MIMO#AMEX">MIMO</a>) stock increased by 28.2% to $0.2 during Tuesday's regular session. Trading volume for Airspan Networks Hldgs's stock is 44.8 million as of 13:37 EST. This is 1896.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $14.5 million. </li>
<li>Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares rose 20.46% to $4.12. Trading volume for this security as of 13:37 EST is 1.7 million, which is 209.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $226.5 million. </li>
<li>SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) stock rose 15.95% to $3.87. Trading volume for this security as of 13:37 EST is 22.9 million, which is 193.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $841.9 million. </li>
<li>Crexendo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXDO#NASDAQ">CXDO</a>) shares moved upwards by 15.25% to $1.98. The company's market cap stands at $51.4 million. </li>
<li>Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) shares moved upwards by 13.95% to $8.74. Trading volume for this security as of 13:37 EST is 330.8K, which is 191.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $516.2 million. </li>
<li>Tingo Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIO#NASDAQ">TIO</a>) stock rose 12.49% to $1.44. As of 13:37 EST, Tingo Group's stock is trading at a volume of 7.2 million, which is 95.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $236.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hitek Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HKIT#NASDAQ">HKIT</a>) shares fell 37.8% to $6.27 during Tuesday's regular session. As of 13:37 EST, Hitek Global's stock is trading at a volume of 978.2K, which is 867.5% of its average full-day volume over the last 100 days. The company's market cap stands at $88.9 million. </li>
<li>WeTrade Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETG#NASDAQ">WETG</a>) stock decreased by 12.77% to $9.5. As of 13:37 EST, this security is trading at a volume of 130.5K shares, making up 34.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $10.0 million. </li>
<li>Bitdeer Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) shares fell 12.28% to $10.01. The current volume of 344.8K shares is 342.3% of Bitdeer Technologies's average full-day volume over the last 100 days (last updated at 13:37 EST). The market value of their outstanding shares is at $1.1 billion. </li>
<li>Sonic Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFO#NASDAQ">SOFO</a>) shares decreased by 10.4% to $1.12. As of 13:37 EST, this security is trading at a volume of 140.0K shares, making up 16.4% of its average full-day volume over the last 100 days. The company's market cap stands at $13.5 million. </li>
<li>Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) stock fell 9.59% to $9.9. The company's market cap stands at $26.7 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) stock declined by 9.55% to $0.95. The company's market cap stands at $63.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BTDR

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12 Information Technology Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Airspan Networks Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mimo#NYSE">MIMO</a>) shares gained 79.5% to $0.2740.</li>
<li>Evelo Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evlo#NASDAQ">EVLO</a>) shares jumped 70.3% to $0.2044. Evelo Biosciences shares jumped around 45% on Friday after the company won U.S. Patent for prebiotic compositions and methods of use thereof for modulation of the microbiome.</li>
<li>VCI Global Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vcig#NASDAQ">VCIG</a>) gained 46.9% to $4.1585 after the company announced it has been appointed by Cogia GmbH to distribute its AI-based &quot;Socializer Messenger.&quot;</li>
<li>DICE Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dice#NASDAQ">DICE</a>) shares jumped 37.7% to $46.62 after Eli Lilly agreed to acquire the company for $48 per share in cash.</li>
<li>EBET, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebet#NASDAQ">EBET</a>) shares surged 31.7% to $0.2524. EBET said Aspire shut down activities in Germany on May 7.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) gained 25.1% to $11.54.</li>
<li>iCAD, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icad#NASDAQ">ICAD</a>) surged 23% to $1.4427.</li>
<li>Lyra Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyra#NASDAQ">LYRA</a>) rose 18.4% to $3.5898.</li>
<li>Cingulate Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cing#NASDAQ">CING</a>) gained 17.9% to $0.9898.</li>
<li>Biofrontera Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfri#NASDAQ">BFRI</a>) shares rose 17.7% to $0.5169. Biofrontera recently started a contract manufacturer development of a portable photodynamic therapy lamp for use with Ameluz-PDT.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) climbed 17% to $5.19 after the company announced a supplier contract with Walmart.</li>
<li>Quotient Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/quot#NYSE">QUOT</a>) surged 16.3% to $3.8950 after the company announced it will combine with Neptune Retail Solutions.</li>
<li>FingerMotion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fngr#NASDAQ">FNGR</a>) gained 16.3% to $2.34.</li>
<li>Materialise NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtls#NASDAQ">MTLS</a>) rose 14.4% to $8.78.</li>
<li>Olema Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olma#NASDAQ">OLMA</a>) gained 13.7% to $8.91.</li>
<li>Valneva SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/valn#NASDAQ">VALN</a>) climbed 12.6% to $16.65.</li>
<li>Cano Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cano#NYSE">CANO</a>) rose 12.1% to $1.4007 after the company announced Dr. Marlow Hernandez agreed to step down as CEO, and has appointed Mark Kent as interim CEO.</li>
<li>Nuwellis, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuwe#NASDAQ">NUWE</a>) shares gained 11% to $3.2495 after the company announced a pilot agreement with DaVita.</li>
<li>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>) climbed 10.8% to $2.03.</li>
<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) jumped 10.1% to $63.62.</li>
<li>Surmodics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srdx#NASDAQ">SRDX</a>) gained 10% to $27.60. The FDA has approved Surmodics SurVeil drug-coated balloon (DCB), a next-generation device for peripheral artery disease.</li>
<li>Lilium N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lilm#NASDAQ">LILM</a>) rose 9.4% to $1.39. Lilium signed an agreement with Heli-Eastern for the purchase of Lilium Jets and the development of premium eVTOL services in China.</li>
<li>SunCar Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sda#NASDAQ">SDA</a>) shares climbed 8.1% to $23.75 after gaining around 4% on Friday.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) shares 7.4% to $1.2785 after the company provided an update on its business optimization efforts. Late Friday, Nikola said it plans to streamline its operations and decrease its cash spend in order to continue to optimize its business.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Surgalign Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srga#NASDAQ">SRGA</a>) dipped 74.8% to $0.3081 after the company filed for Chapter 11 bankruptcy.</li>
<li>Dragonfly Energy Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>) shares fell 46.4% to $1.50 after the company priced 10 million shares at $2 per share in an underwritten public offering.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffie#NASDAQ">FFIE</a>) dropped 29.3% to $0.3179 after the company announced it filed for approval to issue a Class A common stock and/or warrants offering up to $300 million. The company also announced a reverse stock split and said it would defer the second delivery phase of its limited edition FF 91 2.0 Futurist Alliance.</li>
<li>Sarcos Technology and Robotics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strc#NASDAQ">STRC</a>) shares fell 24% to $0.3646. Sarcos announced a 1-for-6 reverse stock split.</li>
<li>Gracell Biotechnologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grcl#NASDAQ">GRCL</a>) fell 23% to $3.77.</li>
<li>Local Bounti Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/locl#NYSE">LOCL</a>) dropped 17.5% to $3.7350.</li>
<li>China Jo-Jo Drugstores, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cjjd#NASDAQ">CJJD</a>) dipped 16.1% to $0.4449.</li>
<li>Fresh Tracks Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frtx#NASDAQ">FRTX</a>) dropped 15.4% to $0.6775.</li>
<li>Lordstown Motors Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ride#NASDAQ">RIDE</a>) dipped 12.8% to $3.65.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cycc#NASDAQ">CYCC</a>) fell 12.5% to $0.6645 after adding 13% on Friday.</li>
<li>22nd Century Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NASDAQ">XXII</a>) fell 12.3% to $0.4109. 22nd Century will secure $5.3 million via registered direct offering priced above market.</li>
<li>Infinity Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infi#NASDAQ">INFI</a>) fell 11.8% to $0.2100 after jumping over 32% on Friday.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) dropped 11.3% to $3.21.</li>
<li>Noah Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noah#NYSE">NOAH</a>) fell 11.3% to $14.60.</li>
<li>Canoo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goev#NASDAQ">GOEV</a>) dropped 10.4% to $0.5910.</li>
<li>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) declined 10.3% to $11.97.</li>
<li>TAL Education Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) dropped 9.7% to $5.88.</li>
<li>Novonix Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvx#NASDAQ">NVX</a>) declined 9.3% to $2.9586.</li>
<li>Novavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvax#NASDAQ">NVAX</a>) dropped 9.2% to $7.30.</li>
<li>Arcellx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aclx#NASDAQ">ACLX</a>) fell 9.1% to $32.54 after the company reported clinical hold for its iMMagine-1 Phase 2 clinical program.</li>
<li>DRDGOLD Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/drd#NYSE">DRD</a>) dropped 8.1% to $11.48.</li>
<li>EdtechX Holdings Acquisition Corp. II (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edtx#NASDAQ">EDTX</a>) dropped 8% to $24.00.</li>
<li>HUYA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/huya#NYSE">HUYA</a>) fell 7.8% to $3.7150.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) dropped 7.7% to $255.37.</li>
<li>DouYu International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/doyu#NASDAQ">DOYU</a>) fell 7.2% to $1.03.</li>
<li>Alibaba Group Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) shares dropped 4.6% to $87.83 after it announced Eddie Wu will succeed Daniel Zhang as its chief executive officer effective Sept. 10. Joe Tsai will take Zhang&#39;s place as the group&#39;s chairman.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32924012/ethereum-tops-this-key-level-stacks-emerges-as-top-gainer"> Ethereum Tops This Key Level; Stacks Emerges As Top Gainer</a>

Why Surgalign Holdings Shares Are Trading Lower By Around 75%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks traded lower, with the Dow Jones dropping around 250 points on Tuesday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>DICE Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dice#NASDAQ">DICE</a>) shares climbed 37.7% to $46.62 after Eli Lilly agreed to acquire the company for $48 per share in cash.</li>
<li>Quotient Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/quot#NYSE">QUOT</a>) shares surged 16.4% to $3.90 after the company announced it will combine with Neptune Retail Solutions.</li>
<li>SunCar Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sda#NASDAQ">SDA</a>) gained 16% to $25.75.</li>
<li>Materialise NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtls#NASDAQ">MTLS</a>) gained 14.4% to $8.78.</li>
<li>Olema Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olma#NASDAQ">OLMA</a>) rose 13.7% to $8.91.</li>
<li>Valneva SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/valn#NASDAQ">VALN</a>) gained 12.6% to $16.65.</li>
<li>Vera Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vera#NASDAQ">VERA</a>) surged 12.7% to $14.50.</li>
<li>Cano Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cano#NYSE">CANO</a>) gained 12.1% to $1.4007 after the company announced Dr. Marlow Hernandez agreed to step down as CEO, and has appointed Mark Kent as interim CEO.</li>
<li>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>) jumped 11.5% to $2.04.</li>
<li>Lilium N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lilm#NASDAQ">LILM</a>) gained 10.2% to $1.40. Lilium signed an agreement with Heli-Eastern for the purchase of Lilium Jets and the development of premium eVTOL services in China</li>
<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) climbed 10.1% to $63.62.</li>
<li>Surmodics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srdx#NASDAQ">SRDX</a>) rose 10% to $27.60. The FDA has approved Surmodics SurVeil drug-coated balloon (DCB), a next-generation device for peripheral artery disease.</li>
<li>Newpark Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nr#NYSE">NR</a>) climbed 9.7% to $4.98.</li>
<li>CureVac N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvac#NASDAQ">CVAC</a>) gained 9.3% to $11.20. CureVac dosed first patient in Phase 1 study of cancer vaccine candidate for surgically resected glioblastoma.</li>
<li>Hut 8 Mining Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hut#NASDAQ">HUT</a>) gained 9.1% to $2.51.</li>
<li>SunCar Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sda#NASDAQ">SDA</a>) shares jumped 8.1% to $23.75 after gaining around 4% on Friday.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) gained 7.4% to $1.2785 after the company provided an update on its business optimization efforts. Late Friday, Nikola said it plans to streamline its operations and decrease its cash spend in order to continue to optimize its business.</li>
<li>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) surged 6.7% to $217.90. Morgan Stanley upgraded Avis Budget from Equal-Weight to Overweight and raised the price target from $182 to $230.</li>
</ul>

&nbsp;
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<h3>Gainers</h3>
<ul>
<li>Airspan Networks Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MIMO#AMEX">MIMO</a>) shares moved upwards by 11.3% to $0.17 during Tuesday's pre-market session. The company's market cap stands at $12.6 million. </li>
<li>SatixFy Communications (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SATX#AMEX">SATX</a>) stock moved upwards by 9.14% to $0.45. The market value of their outstanding shares is at $36.1 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares increased by 8.58% to $6.83. The market value of their outstanding shares is at $1.5 billion. </li>
<li>Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares increased by 8.27% to $0.56. The market value of their outstanding shares is at $124.3 million. </li>
<li>AgileThought (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIL#NASDAQ">AGIL</a>) stock increased by 8.21% to $0.79. The company's market cap stands at $39.5 million. </li>
<li>Materialise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) shares rose 8.05% to $8.29. The company's market cap stands at $489.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Bitdeer Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) stock declined by 9.7% to $10.3 during Tuesday's pre-market session. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) stock decreased by 8.26% to $1.0. The company's market cap stands at $31.5 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) shares declined by 7.58% to $0.3. The company's market cap stands at $10.6 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares fell 7.57% to $0.64. The market value of their outstanding shares is at $13.2 million. </li>
<li>Sonim Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) shares fell 6.33% to $1.1. The market value of their outstanding shares is at $44.9 million. </li>
<li>GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) stock decreased by 6.3% to $12.5. The market value of their outstanding shares is at $2.3 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGIL

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SatixFy Communications Ltd. Ordinary Share

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SONM

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

U.S. stocks traded higher, with the Nasdaq Composite rising around 70 points on Monday. Here are some big stocks recording losses in today&rsquo;s session.
<ul>
<li>Beneficient (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/benf#NASDAQ">BENF</a>) shares fell 17% to $6.87.</li>
<li>Chijet Motor Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cjet#NASDAQ">CJET</a>) dropped 11.2% to $4.04.</li>
<li>Nasdaq, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndaq#NASDAQ">NDAQ</a>) fell 10.9% to $51.53 after the company announced the acquisition of Adenza for $10.5 billion in cash and stock.</li>
<li>Sandstorm Gold Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sand#NYSE">SAND</a>) dropped 10.1% to $4.6550.</li>
<li>Jiayin Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfin#NASDAQ">JFIN</a>) fell 10% to $5.42.</li>
<li>Omeros Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omer#NASDAQ">OMER</a>) dipped 9.9% to $6.76. Omeros said that the slides presented in the &quot;late-breaker&quot; session at the 2023 European Hematology Association Congress in Frankfurt, Germany are now available on Omeros&rsquo; website.</li>
<li>Blue Apron Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aprn#NYSE">APRN</a>) declined 8.4% to $8.20. Blue Apron reported closing of transaction with FreshRealm to execute its asset-light model and focus on its direct-to-consumer business.</li>
<li>Methanex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meoh#NASDAQ">MEOH</a>) dropped 7.9% to $39.99. Scotiabank downgraded Methanex from Sector Outperform to Sector Perform.</li>
<li>Core Laboratories Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clb#NYSE">CLB</a>) fell 7.4% to $23.06.</li>
<li>Materialise NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtls#NASDAQ">MTLS</a>) dropped 7.2% to $8.93.</li>
<li>Tellurian Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tell#NASDAQ">TELL</a>) fell 5.5% to $1.20.</li>
<li>Ternium S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tx#NYSE">TX</a>) fell 5.1% to $40.19. B of A Securities downgraded Ternium from Buy to Neutral and lowered the price target from $56 to $47.</li>
</ul>

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Read More: <a href="https://www.benzinga.com/news/earnings/23/06/32816638/us-stocks-open-higher-nasdaq-rises-over-50-points"> US Stocks Open Higher; Nasdaq Rises Over 50 Points</a>