Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite moving higher on Monday.

The Dow traded down 0.12% to 39,329.47 while the NASDAQ rose 0.27% to 18,401.75. The S&P 500 also rose, gaining, 0.09% to 5,572.23.

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Leading and Lagging Sectors

Information technology shares jumped by 0.6% on Monday.

In trading on Monday, communication services shares fell by 0.9%.

Top Headline

Eli Lilly And Co agreed to acquire Morphic Holding Inc for $57 per share in cash, an aggregate of approximately $3.2 billion.

Equities Trading UP

• Morphic Holding, Inc. shares shot up 75% to $55.85 after Eli Lilly agreed to buy the company for $57 per share in cash.
• Shares of Myomo, Inc. got a boost, surging 32% to $3.7872. after the company issued preliminary second-quarter revenue guidance above estimates.
• SRIVARU Holding Limited shares were also up, gaining 26% to $0.1993 after the company announced the deployment of advanced AI tools to manage its lead generation platform.

Equities Trading DOWN

• HilleVax, Inc. shares dropped 87% to $1.8150 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.
• Shares of Wetouch Technology Inc. were down 29% to $2.2483. Wetouch Technologies announced a $15 million stock buyback program to repurchase common stock.
• Inventiva S.A. was down, falling 11% to $2.62 after the company issued an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH and its financial position.

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Commodities

In commodity news, oil traded down 0.7% to $82.57 while gold traded down 1.3% at $2,366.20.

Silver traded down 2.4% to $30.925 on Monday, while copper fell 0.9% to $4.6105.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 fell 0.03%, Germany's DAX fell 0.02% and France's CAC 40 fell 0.63%. Spain's IBEX 35 Index slipped 0.01%, while London's FTSE 100 fell 0.13%.

German trade surplus widened to EUR 24.9 billion in May versus a revised EUR 22.2 billion in the prior month.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei falling 0.32%, Hong Kong's Hang Seng Index declining 1.55%, China's Shanghai Composite Index falling 0.93% and India's S&P BSE Sensex declining 0.05%.

The gauge for Japan's service sector climbed to 47.0 in June from 45.7 in May. Japanese current account surplus increased to JPY 2,849.9 billion in May from JPY 2,010.1 billion in the year-ago month. Foreign exchange reserves in Singapore increased to SGD 503.71 billion in June versus SGD 500.86 billion in the prior month, while Chinese foreign exchange reserves fell by $9.7 billion to $3.222 trillion for June.

Economics

Data on consumer credit for May will be released at 3:00 p.m. ET.

Now Read This: Top 5 Health Care Stocks That May Explode In July

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

Shares of Arhaus, Inc. fell sharply during Monday's session.

Jefferies analyst Jonathan Matuszewski downgraded Arhaus from Buy to Hold and lowered the price target from $22 to $16.

Arhaus shares dipped 7.9% to $14.55 on Monday.

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

Gainers

• Morphic Holding, Inc. shares jumped 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash.
• Zapp Electric Vehicles Group Limited Z climbed 71% to $6.97 after jumping around 50% on Friday.
• SRIVARU Holding Limited shares climbed 61.3% to $0.2549 after the company announced the deployment of advanced AI tools to manage its lead generation platform.
• Inspire Veterinary Partners, Inc. I shares climbed 47% to $2.1928 after gaining 8% on Friday.
• Hywin Holdings Ltd. gained 39.5% to $0.4352.
• Shapeways Holdings, Inc. climbed 39% to $0.2918 after dipping 22% on Friday.
• Myomo, Inc. gained 32% to $3.80 after the company issued preliminary second-quarter revenue guidance above estimates.
• Maxeon Solar Technologies, Ltd. shares rose 31% to $0.3129 after jumping over 38% on Friday.
• Virpax Pharmaceuticals, Inc. climbed 31% to $0.7660 after the company closed a $2.5 million secured loan financing from an institutional investor, enabling the final payment of its litigation settlement.
• LL Flooring Holdings, Inc. surged 20.4% to $0.6789.
• Nikola Corporation N rose 18.5% to $10.65.
• Grifols, S.A. gained 17.2% to $8.24 after Brookfield confirmed it held exploratory discussions with certain shareholders of the company in relation to a potential joint offer for Grifols’ shares.
• Pulse Biosciences, Inc. gained 17.2% to $14.13 after the company announced it received the Breakthrough Device Designation from the FDA for its Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation.
• Newegg Commerce, Inc. climbed 16% to $1.23. Newegg Commerce said the Presale for its tenth annual FantasTech Sales event is now live.
• Ocean Power Technologies, Inc. rose 16% to $0.4164 after the company signed a reseller agreement with Survey Equipment Services focused on the provision of OPT’s unmanned surface vehicles in the US.
• Mainz Biomed N.V. gained 16% to $0.45.
• R1 RCM Inc. shares climbed 14.2% to $12.52.
• Acelyrin, Inc. gained 13.6% to $4.60.
• NANO Nuclear Energy Inc. N shares gained 12.3% to $31.89 after surging 20% on Friday.
• IDEAYA Biosciences, Inc. shares gained 12.1% to $38.41 after the company announced interim Phase 2 monotherapy expansion data for IDE397 in MTAP-deletion urothelial and lung cancer. Additionally, Mizuho initiated coverage on the stock with an Outperform rating.
• SolarEdge Technologies, Inc. rose 11.3% to $27.88 after B of A Securities upgraded the stock from Underperform to Neutral.
• Corning Incorporated gained 9.4% to $42.05 after the company increased its second-quarter core sales guidance.
• Dynatronics Corporation shares rose 8.6% to $0.2310 after declining around 8% on Friday.
• Paramount Global rose 4.6% to $21.41. Paramount Global and Skydance Media inked a definitive agreement to create a new entity, "New Paramount," in a $28 billion merger deal.
• Intel Corporation gained 3.8% to $33.26. Intel has bypassed Vietnam for a substantial investment project, citing insufficient investment incentives.

Losers

• HilleVax, Inc. shares dipped 86.7% to $1.87 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.
• Adamas One Corp shares dipped 83% to $0.3360 after dipping over 20% on Friday.
• China Liberal Education Holdings Limited shares fell 66.4% to $0.7303 after dipping 24% on Friday.
• SYLA Technologies Co., Ltd. fell 31.1% to $2.0950.
• Chijet Motor Company, Inc. dipped 28.4% to $5.80.
• Ryde Group Ltd. declined 22.8% to $6.33.
• Koss Corporation fell 21% to $10.55.
• Wetouch Technology Inc. fell 19.5% to $2.57. Wetouch Technologies announced a $15 million stock buyback program to repurchase common stock.
• Calidi Biotherapeutics, Inc. declined 19.4% to $0.16
• Beneficient B shares fell 15.2% to $4.1050. Beneficient said it will release its fourth quarter financial results before the opening bell on Tuesday, July 9.
• ZIM Integrated Shipping Services Ltd. shares fell 15.1% to $18.77.
• Vivakor inc shares fell 15% to $1.97.
• Inventiva S.A. shares fell 12% to $2.6050 after the company issued an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH and its financial position.
• Uxin Limited dipped 11.3% to $1.77 after the company announced a partnership with Zhengzhou Airport Industry for the launch of a new used car superstore.
• Sirius XM Holdings Inc. fell 10.7% to $3.3099.
• The Greenbrier Companies, Inc. dipped 10.6% to $43.37 after the company reported worse-than-expected quarterly financial results.
• Qualigen Therapeutics, Inc. shares declined 7.2% to $0.2599 after jumping 60% on Friday.
• Assure Holdings Corp. fell 7% to $0.2943.
• Zuora, Inc. fell 5.6% to $9.02. Craig-Hallum analyst Chad Bennett downgraded Zuora from Buy to Hold and lowered the price target from $12 to $10.

Now Read This: This Domino’s Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

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

U.S. stocks traded mixed midway through trading, with the Dow Jones index turning lower on Monday.

The Dow traded down 0.19% to 39,301.00 while the NASDAQ rose 0.21% to 18,390.4. The S&P 500 also fell, dropping, 0.02% to 5,566.26.

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Leading and Lagging Sectors

Materials shares jumped by 0.4% on Monday.

In trading on Monday, communication services shares fell by 1.1%.

Top Headline

Eli Lilly And Co agreed to acquire Morphic Holding Inc for $57 per share in cash, an aggregate of approximately $3.2 billion.

Equities Trading UP

• Morphic Holding, Inc. shares shot up 75% to $55.76 after Eli Lilly agreed to buy the company for $57 per share in cash.
• Shares of Myomo, Inc. got a boost, surging 27% to $3.65. after the company issued preliminary second-quarter revenue guidance above estimates.
• SRIVARU Holding Limited shares were also up, gaining 39% to $0.2196 after the company announced the deployment of advanced AI tools to manage its lead generation platform.

Equities Trading DOWN

• HilleVax, Inc. shares dropped 87% to $1.8106 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.
• Shares of Wetouch Technology Inc. were down 20% to $2.5250. Wetouch Technologies announced a $15 million stock buyback program to repurchase common stock.
• Inventiva S.A. was down, falling 10% to $2.6567 after the company issued an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH and its financial position.

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Commodities

In commodity news, oil traded down 0.6% to $82.66 while gold traded down 0.6% at $2,383.30.

Silver traded down 0.8% to $31.45 on Monday, while copper fell 0.1% to $4.6485.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.19%, Germany's DAX rose 0.16% and France's CAC 40 fell 0.16%. Spain's IBEX 35 Index rose 0.23%, while London's FTSE 100 rose 0.02%.

German trade surplus widened to EUR 24.9 billion in May versus a revised EUR 22.2 billion in the prior month.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei falling 0.32%, Hong Kong's Hang Seng Index declining 1.55%, China's Shanghai Composite Index falling 0.93% and India's S&P BSE Sensex declining 0.05%.

The gauge for Japan's service sector climbed to 47.0 in June from 45.7 in May. Japanese current account surplus increased to JPY 2,849.9 billion in May from JPY 2,010.1 billion in the year-ago month. Foreign exchange reserves in Singapore increased to SGD 503.71 billion in June versus SGD 500.86 billion in the prior month, while Chinese foreign exchange reserves fell by $9.7 billion to $3.222 trillion for June.

Economics

Data on consumer credit for May will be released at 3:00 p.m. ET.

Now Read This: Top 5 Health Care Stocks That May Explode In July

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

Shares of NIO Inc. fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.

NIO shares dipped 8.5% to $4.4550 on Friday.

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

Gainers

• Qualigen Therapeutics, Inc. jumped 120% to $0.3870 after gaining 6% on Wednesday.
• Zapp Electric Vehicles Group Limited Z rose 70.5% to $4.65 after gaining around 14% on Wednesday.
• MediWound Ltd. shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday.
• Koss Corporation shares climbed 41.7% to $15.07, possibly on continued retail investor interest.
• XChange TEC.INC gained 27% to $1.06.
• Shineco, Inc. jumped 19.8% to $3.38.
• NANO Nuclear Energy Inc. N climbed 17.7% to $27.85.
• Annovis Bio, Inc. rose 14.1% to $9.22.
• CleanCore Solutions, Inc. Z surged 13% to $2.60.
• Sirius XM Holdings Inc. climbed 12.6% to $3.9750.
• Ryde Group Ltd. gained 11.9% to $7.22.
• Mesoblast Limited rose 11.6% to $7.60.
• Macy’s, Inc. gained 10.4% to $19.79. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.
• The Oncology Institute, Inc. rose 9.8% to $0.5379.
• Sharps Technology, Inc. rose 9.3% to $0.2514 after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.
• Arm Holdings plc gained 7.4% to $180.54.
• Smith & Nephew plc rose 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.

Losers

• Adamas One Corp. shares dipped 20.8% to $0.3660 after gaining 89% on Wednesday.
• Cyngn Inc. shares dipped 20% to $4.30.
• Eshallgo Inc. E fell 19.2% to $2.11. Eshallgo closed $5 million initial public offering at $4 per share.
• Vicinity Motor Corp. fell 18.3% to $0.4606.
• Castle Biosciences, Inc. dipped 16.4% to $17.77.
• CNS Pharmaceuticals, Inc. C fell 15% to $1.24.
• Portage Biotech Inc. declined 14.1% to $0.1550.
• SunPower Corporation fell 12.4% to $2.3450.
• Cartesian Therapeutics, Inc. declined 11.4% to $15.60.
• Shapeways Holdings, Inc. dipped 11.1% to $0.24.
• Inseego Corp. fell 11.1% to $10.40.
• XPeng Inc. declined 10% to $7.49. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.
• HDFC Bank Limited dipped 7.7% to $61.49.
• Zoomcar Holdings, Inc. shares fell 7.1% to $0.17. Zoomcar Holdings shares jumped 34% on Wednesday after the company announced that it expects an increase in its FY24 total revenue and decline in its FY24 net loss.
• B. Riley Financial, Inc. declined 7.1% to $15.74.
• Marathon Digital Holdings, Inc. declined 6.5% to $19.61 amid weakness in Bitcoin.
• Bitdeer Technologies Group fell 6.1% to $11.11 amid a decline in Bitcoin prices.
• Hut 8 Corp. fell 6.1% to $15.18 after the company its operations update for June 2024.
• Iris Energy Limited shares declined 5.9% to $13.53. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin mining expansion.
• Applied Digital Corporation shares fell 4.5% to $6.47 after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.

Now Read This: How To Earn $500 A Month From Nvidia Stock

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

Pre-market stock movers are worth checking out on Wednesday with our breakdown of all the biggest news affecting shares this morning.

Moving stocks this morning are merger agreements, eaernings reports, late filings notices and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Vivopower stock is rocketing more than 75% as its Tembo subsidiary prepares for a merger.
• Zoomcar shares are soaring over 33% with the departure of its CEO and a late filing notice.
• Maxeon Solar Technologies stock is surging more than 27% alongside heavy pre-market trading.
• Caravelle shares are gaining over 24% without any clear news this morning.
• CureVac stock is increasing more than 23% on news of a vaccine sale.
• DouYu shares are rising over 22% after announcing a special cash dividend.
• MSP Recovery stock is heading more than 20% higher despite a lack of news this morning.
• Koss shares are climbing over 19% without any obvious news to report.
• Scilex stock is jumping more than 18% as subsidiary Semnur Pharmaceuticals enters a merger agreement.
• U Power U shares are up close to 18% after announcing an expansion into Thailand.

10 Top Losers

• Shapeways stock is plummeting over 39% after filing for Chapter 7 bankruptcy.
• First Foundation shares are diving more than 27% with the release of its Q2 earnings report.
• Upexi stock is taking an over 13% beating with a late filing.
• Eshallgo E shares are tumbling more than 13% after pricing a public offering.
• Universe Pharmaceuticals stock is sliding over 12% this morning.
• Noah shares are falling more than 10% without any apparent news today.
• Sunrise New Energy stock is dropping over 9% this morning.
• Ocean Power Technologies shares are decreasing more than 9% after a rally yesterday.
• Forge Global stock is slipping nearly 9% on Wednesday.
• Golden Heaven shares close out our pre-market stock movers down over 8% after a Tuesday rally.

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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Pre-market stock movers are worth diving into this morning as we break down all of the biggest news sending shares higher and lower on Tuesday!

Moving stocks this morning are a bankruptcy filing, earnings reports, new deals and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Chicken Soup for the Soul Entertainment stock is rocketing more than 222% after falling yesterday on a bankruptcy filing.
• Chicken Soup for the Soul Entertainment, Inc. – 9.50% Notes due 2025 are soaring close to 82% after yesterday’s drop.
• Roadzen shares are surging over 60% alongside its first public year-end earnings.
• IMAC stock is gaining more than 37% without any clear news this morning.
• Versus Systems shares are rising over 31% after naming an interim CEO.
• Zapp Electric Vehicles Z stock is increasing 30% despite a lack of news this morning.
• Chicken Soup for the Soul shares are climbing more than 19% with its bankruptcy filing.
• Ocean Power Technologies stock is heading over 16% higher alongside heavy pre-market trading.
• US Energy shares are jumping more than 14% on a new acquisition deal.
• VS Media V stock is up over 14% this morning.

10 Top Losers

• Conn’s stock is plummeting nearly 35% despite a lack of news this morning.
• Nukkleus shares are diving almost 15% without any apparent news today.
• Applied DNA Sciences stock is tumbling close to 12% without any news to note.
• Senti Biosciences shares are taking a more than 11% beating after a cancer funding rally yesterday.
• Datasea stock is sliding close to 11% after rallying yesterday on sales agreements.
• Presto Automation shares are falling over 10% despite a lack of news this morning.
• SAI.TECH Global stock is decreasing more than 10% without any news to report.
• Hudson Pacific Properties shares are dropping over 10% despite a lack of relevant news today.
• Vintage Wine Estates stock is slipping more than 10% this morning.
• Akso Health shares close out our pre-market stock movers down over 10% today.

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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• Google DeepMind CEO: ‘This Is the Next $100 Billion AI Business’
• A Black Swan Event in the Private Credit Market May Be Coming… Here’s What You Need to Know
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