Dj Bimi International Medical Inc Com, Inst Holders, 4Q 2024 (Bimi)

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

BIMI Holdings Inc

• On May 20, BIMI announced the receipt of a delinquency compliance alert notice from Nasdaq. The company's stock fell around 68% over the past five days and has a 52-week low of $0.24.
• RSI Value: 24.62
• BIMI Price Action: Shares of BIMI Holdings closed at $0.42 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in DXCM stock.

Edwards Lifesciences Corp  

• On July 24, Edwards Lifesciences reported worse-than-expected second-quarter sales results and issued third-quarter guidance below estimates. Also, the company acquired JenaValve and Endotronix.. The company's stock fell around 30% over the past month. It has a 52-week low of $58.93.
• RSI Value: 22.55
• EW Price Action: Shares of Edwards Lifesciences closed at $63.05 on Wednesday.
• Benzinga Pro’s real-time newsfeed alerted to latest EW news.

Merck & Co Inc

• Merck reported better-than-expected second-quarter earnings and sales results on Tuesday. The company posted quarterly sales of $16.1 billion, up 7% year-over-year, beating the consensus estimate of $15.84 billion. Excluding the impact of foreign exchange, sales increased 11%. Merck reported adjusted EPS of $2.28, a shift from an EPS loss of $(2.06), beating the consensus of $2.15. The company's shares fell around 12% over the past month and has a 52-week low of $99.14.
• RSI Value: 28.20
• MRK Price Action: Shares of Merck rose 0.1% to close at $113.13 on Wednesday.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

It’s time to dive into the biggest pre-market stock movers for Wednesday as we check out all of the hottest news happening this morning!

Moving stocks this morning are clinical trial updates, earnings reports and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Primech stock is rocketing close to 90% alongside heavy pre-market trading.
• Nuzee N shares are soaring more than 69% with strong early morning trading.
• Heramba Electric P stock is surging over 43% with increasing trading activity this morning.
• Bionomics shares are gaining more than 31% on a Phase 2 clinical trial meeting.
• Powell Industries stock is rising over 25% after beating Q3 estimates.
• BIMI International Medical shares are increasing more than 20% with strong early morning trading today.
• DallasNews stock is climbing over 18% with its Q2 earnings report.
• Faraday Future shares are jumping more than 17% after regaining listing compliance.
• GraniteShares 2x Long AMD Daily ETF stock is getting an over 17% boost this morning.
• Talen Energy shares are up more than 17% after reporting PJM Auction Results.

10 Top Losers

• FibroGen stock is plummeting over 44% on a failed clinical trial.
• Macrogenics shares are diving more than 26% as it discontinues a clinical trial.
• Jet AI stock is tumbling over 21% on an exchange offer for its warrants.
• Penumbra shares are taking a more than 18% beating with its Q2 earnings report.
• Groupon stock is sliding over 17% on an EPS miss.
• Definitive Healthcare shares are falling more than 16% without any clear news this morning.
• Netcapital stock is dropping over 16% after missing estimates in fiscal 2024.
• O-I Glass shares are decreasing more than 15% with its Q2 results.
• Lemonade stock is slipping over 13% alongside a weak guidance.
• Tivic Health Systems shares close out our pre-market stock movers down 13% after a rally yesterday.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Shares of Advanced Micro Devices, Inc. shares rose sharply in today's pre-market trading following better-than-expected second-quarter earnings.

AMD reported quarterly earnings of 69 cents per share which beat the analyst consensus estimate of 68 cents per share. The company reported quarterly sales of $5.835 billion which beat the analyst consensus estimate of $5.724 billion, according to data from Benzinga Pro.

AMD shares jumped 9.1% to $151.01 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Primech Holdings Ltd. gained 114.8% to $1.13 in pre-market trading after gaining over 5% on Tuesday.
• Heramba Electric plc P shares climbed 92.8% to $8.29 in pre-market trading after dipping around 49% on Tuesday.
• NuZee, Inc. N rose 79.4% to $6.64 in pre-market trading after gaining around 3% on Tuesday.
• Telesis Bio, Inc. gained 39.8% to $5.52 in pre-market trading.
• Faraday Future Intelligent Electric Inc. shares gained 33.1% to $0.4205 in pre-market trading after the company regained Nasdaq compliance.
• Powell Industries, Inc. gained 25.3% to $167.02 in pre-market trading after posting better-than-expected third-quarter results.
• BIMI Holdings Inc. shares gained 22.8% to $0.48 in pre-market trading after dipping 66% on Tuesday.
• DallasNews Corporation shares gained 19.1% to $3.91 in pre-market trading after the company reported a year-over-year increase in second-quarter financial results.
• Vistra Corp. gained 12.1% to $77.35 in pre-market trading after the company announced that the Nuclear Regulatory Commission has approved its request to extend the operation of Comanche Peak Nuclear Power Plant through 2053.

Losers

• FibroGen, Inc. shares fell 40.2% to $0.6159 in pre-market trading. The company announced topline results from two late-stage trials evaluating the efficacy and safety of pamrevlumab in patients with pancreatic cancer and said its Precision Promise study in metastatic pancreatic cancer did not meet its primary endpoint.
• MacroGenics, Inc. shares declined 24% to $3.99 in pre-market trading. The company announced a presentation of clinical data from the TAMARACK Phase 2 study of vobramitamab duocarmazine at the upcoming European Society for Medical Oncology Congress 2024.
• Jet.AI Inc. fell 21.5% to $0.2631 in pre-market trading. Jet.AI announced expiration and successful results of exchange offer and consent solicitation relating to warrants.
• Velo3D, Inc. V shares fell 20.6% to $2.20 in pre-market trading after declining 4% on Tuesday.
• Penumbra, Inc. shares fell 20.3% to $137.93 in pre-market trading after the company reported second-quarter financial results and cut its FY24 revenue guidance below estimates.
• Groupon, Inc. shares declined 18.6% to $12.75 in pre-market trading following a second-quarter EPS miss.
• Definitive Healthcare Corp. shares fell 17.6% to $4.71 in pre-market trading. Needham analyst Ryan MacDonald reiterated Definitive Healthcare with a Hold.
• O-I Glass, Inc. fell 15.5% to $9.80 in pre-market trading after the company lowered its FY24 guidance.
• Lemonade, Inc. shares dipped 14.6% to $19.33 in pre-market trading following quarterly results.
• Tivic Health Systems, Inc. shares fell 12.4% to $0.5056 in pre-market trading after dipping 18% on Tuesday.

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• Nasdaq Tumbles As Microsoft, Nvidia And Other Tech Stocks Decline: Greed Index Moves To ‘Fear’ Zone

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares of Merck & Co., Inc. fell sharply during Tuesday's session after the company reported second-quarter financial results and cut its FY24 adjusted EPS guidance below estimates.

Merck reported second-quarter sales of $16.1 billion, up 7% year-over-year, beating the consensus estimate of $15.84 billion. Excluding the impact of foreign exchange, sales increased 11%. Merck reported adjusted EPS of $2.28, a shift from an EPS loss of $(2.06), beating the consensus of $2.15, according to data from Benzinga Pro.

Merck shares dipped 9.5% to $115.50 on Tuesday.

Here are some other stocks moving in today’s mid-day session.

Gainers

• Imunon, Inc. shares jumped 147.8% to $2.9250 after the company announced topline results from its Phase 2 OVATION 2 study with IMNN-001. The results showed an 11.1-month improvement in median overall survival compared to standard-of-care alone in the intent-to-treat population.
• Agape ATP Corporation surged 97% to $0.1731. AGAPE ATP strengthened wellness division via innovative incubation with emerging local SMEs.
• Processa Pharmaceuticals, Inc. shares climbed 53% to $2.60 after the company announced FDA clearance of its IND application for a Phase 2 clinical trial of NGC-Cap in breast cancer.
• INVO Bioscience, Inc. gained 33% to $1.1513.
• Jet.AI Inc. shares gained 29% to $0.3850.
• 2U, Inc. jumped 28% to $3.4018.
• CalciMedica, Inc. jumped 26.3% to $5.24.
• JetBlue Airways Corporation rose 20.6% to $7.16 after the company reported better-than-expected second-quarter financial results.
• Lumen Technologies, Inc. rose 19.1% to $2.3050.
• Commvault Systems, Inc. gained 19.1% to $146.77 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.
• Harmonic Inc. climbed 18.8% to $13.96 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.
• Meta Data Limited gained 18.8% to $5.42.
• Enveric Biosciences, Inc. rose 18.3% to $0.59 after jumping around 6% on Monday.
• Inspirato Incorporated gained 18.3% to $6.20 after jumping over 50% on Monday.
• Sprouts Farmers Market, Inc. shares gained 15.9% to $98.13 after the company reported better-than-expected second-quarter financial results and issued its third-quarter earnings guidance above estimates.
• NeoGenomics, Inc. gained 16.1% to $17.00 following upbeat earnings.
• Tilray Brands, Inc. rose 16.1% to $2.1250 after the company reported better-than-expected quarterly financial results.
• Sprouts Farmers Market, Inc. gained 15.5% to $97.79 after the company reported better-than-expected second-quarter financial results. Additionally, the company issued third-quarter earnings guidance above estimates.
• Howmet Aerospace Inc. climbed 14.1% to $94.56 following better-than-expected second-quarter earnings, issued strong guidance, raised its dividend, increased its buyback authorization and issued strong guidance.
• Repligen Corporation gained 13.4% to $156.48 following -quarter earnings.
• Varonis Systems, Inc. climbed 13.3% to $54.92 as the company reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.
• Hayward Holdings, Inc. gained 11% to $14.98 after the company reported better-than-expected second-quarter EPS results.
• F5, Inc. shares rose 10.6% to $196.46 after the company reported better-than-expected third-quarter financial results and raised its FY24 earnings guidance above estimates.
• Pharming Group N.V. shares gained 9.8% to $8.28. Pharming Group will report second quarter financial results on Aug. 1.
• PayPal Holdings, Inc. climbed 8.5% to $63.98 after the company reported better-than-expected second quarter financial results.
• Stanley Black & Decker, Inc. rose 8.1% to $104.28 after the company reported better-than-expected second quarter financial results. Additionally, the company revised its FY24 adjusted EPS forecast upward.
• Gartner, Inc. gained 6.4% to $500.83 following better-than-expected quarterly earnings.

Losers

• QXO, Inc. Q shares fell 80.8% to $11.44. This sudden decline was triggered by the registration of two private placements with the U.S. Securities and Exchange Commission, which unlocked millions of shares and led to increased selling pressure, Bloomberg reported on Tuesday.
• VBI Vaccines Inc. declined 64.8% to $0.1960 after the company was granted protection under Canada’s CCAA by the Ontario Superior Court. The company received approval for a DIP loan, and Ernst & Young was appointed as the monitor during the restructuring process.
• CNS Pharmaceuticals, Inc. C dipped 40.8% to $0.6158 after the company announced it entered into an exclusive license agreement with Cortice Biosciences.
• BIMI Holdings Inc. tumbled 37% to $0.73.
• Bloomz Inc. B dipped 30.7% to $1.78.
• Ekso Bionics Holdings, Inc. fell 26.6% to $1.0901 after the company reported worse-than-expected quarterly sales results.
• Novavax, Inc. shares declined 25.2% to $12.27 after declining 4% on Monday.
• VSee Health, Inc. V fell 23.3% to $2.7999.
• SmartRent, Inc. dipped 21.5% to $1.8850 after the company announced a CEO resignation and suspended its 2024 outlook.
• Symbotic Inc. shares fell 21.1% to $28.13 after the company reported worse-than-expected third-quarter earnings results and issued fourth-quarter revenue guidance below estimates.
• Woodward, Inc. fell 16.5% to $152.91 after the company reported mixed third-quarter financial results and lowered its FY24 revenue guidance below estimates.
• NIP Group Inc. N fell 16.2% to $13.82. NIP Group announced the closing of its initial public offering and partial exercise of underwriters' option to purchase additional ADSs.
• Merchants Bancorp dipped 16.2% to $43.68 after the company reported worse-than-expected quarterly financial results. Additionally, Raymond James downgraded the stock.
• Amkor Technology, Inc. shares fell 14.2% to $32.24 after the company issued roughly in-line guidance.
• OneWater Marine Inc. dipped 13.2% to $26.43 after the company reported worse-than-expected third-quarter financial results and issued weak guidance.
• Celldex Therapeutics, Inc. shares fell 11.6% to $37.06 after reporting Phase 2 results for barzolvolimab in chronic inducible urticaria.
• Transcat, Inc. declined 11.2% to $120.00 following weak quarterly sales.
• CrowdStrike Holdings, Inc. dipped 9.7% to $233.65 following reports indicating Delta Air Lines would seek compensation from the cybersecurity company for last week’s outage.
• Rambus Inc. shares dipped 9.3% to $50.61 following weak quarterly sales.
• Corning Incorporated fell 8.7% to $38.99 following second-quarter results.
• Lattice Semiconductor Corporation shares fell 8.3% to $50.40 after the company reported worse-than-expected second-quarter financial results and issued weak third-quarter revenue guidance.
• Ecolab Inc. declined 6.7% to $231.31 after the company reported worse-than-expected second-quarter sales results.
• The Procter & Gamble Company fell 6.2% to $159.37 following a quarterly revenue miss.
• Diageo plc fell 5.5% to $124.30 after the company missed annual profit expectations.
• Fresenius Medical Care AG shares declined 4.5% to $19.45 following weak quarterly sales.

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• Top 3 Health Care Stocks You May Want To Dump This Quarter

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Pre-market stock movers are a hot topic as we jump into all of the biggest news that has shares heading higher and lower on Tuesday morning!

Moving stocks this morning are earnings reports, clinical trial results and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Imunon stock is rocketing more than 133% alongside Phase 2 clinical trial results.
• Jet AI shares are soaring over 57% despite a lack of news this morning.
• Enveric Biosciences stock is surging more than 32% with strong early morning trading.
• Inspirato shares are rising close to 26% without any clear news this morning.
• Pharming stock is heading over 21% higher ahead of its upcoming earnings report.
• Sprouts Farmers Market shares are increasing more than 17% after releasing its Q2 earnings.
• Harmonic stock is climbing over 17% with its Q2 earnings report.
• Davis Commodities shares are gaining more than 15% on Tuesday morning.
• T2 Biosystems stock is getting an over 14% boost with its latest earnings report.
• Serve Robotics shares are up more than 14% after announcing investor meeting plans.

10 Top Losers

• QXO Q stock is crashing over 80% after announcing a private placement.
• BIMI shares are plummeting more than 23% on Tuesday morning.
• Ekso Bionics stock is diving over 22% alongside its Q2 earnings results.
• Symbotic shares are tumbling more than 18% after reporting a Q3 loss.
• Lattice Semiconductor stock is taking an almost 18% beating with its latest earnings report.
• Lipella Pharmaceuticals shares are falling over 17% after a rally yesterday.
• Cognition Therapeutics stock is dropping more than 16% as it continues downward movement on study results.
• NLS Pharmaceutics shares are sliding over 14% following a merger rally yesterday.
• Troops stock is decreasing more than 13% today.
• Loop Media shares close out our pre-market stock movers down over 12% after jumping yesterday on a new partnership.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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