Top 4 Risk Off Stocks You'll Regret Missing In July

Shares of SolarEdge Technologies, Inc. fell sharply during Monday's session after the company announced a workforce reduction.

SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments.

SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday.

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

Gainers

• Autonomix Medical, Inc. shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.
• AEON Biopharma, Inc. gained 72% to $2.41.
• Cyngn Inc. C gained 65% to $9.90.
• DatChat, Inc. shares jumped 65% to $1.75.
• Scinai Immunotherapeutics Ltd. shares climbed 61% to $6.53 after the company announced in-vivo preclinical study results of NanoAb.
• American Rebel Holdings, Inc. gained 44.5% to $0.7514.
• Trump Media & Technology Group Corp. rose 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympathies to the family of the rally goer killed in Butler, Pennsylvania, and to those who were wounded. I thank God President Trump survived the assassination attempt and is now safe.”
• MIRA Pharmaceuticals, Inc. shares gained 28.3% to $0.7632 after the company said testing confirmed MIRA’s preliminary beliefs regarding potential treatment for neurological and neuropsychiatric disorders.
• QXO, Inc. Q gained 23.5% to $61.17.
• Innodata Inc. shares climbed 22.1% to $20.66. Maxim Group analyst Allen Klee initiated coverage on Innodata with a Buy rating and announced a price target of $30.
• BitFuFu Inc. rose 20.3% to $5.16 after Bitcoin rose above $62,000.
• Humacyte, Inc. climbed 19% to $8.32 after the Pluristyx announced a license agreement with the company.
• AMMO, Inc. gained 17.5% to $1.95. Shares of prison and firearm stocks traded higher following the attempted assassination of Donald Trump, which has lifted stocks that could benefit from a Trump presidency on Monday.
• Aurora Innovation, Inc. climbed 15.6% to $4.28.
• Algoma Steel Group Inc. gained 13.7% to $8.35.
• Hut 8 Corp. gained 13% to $19.17 after Bitcoin rose above $62,000.
• MicroStrategy Incorporated rose 11.5% to $1,556.89 amid a rise Bitcoin.
• Coinbase Global, Inc. gained 11.2% to $242.51 after Bitcoin rose above $62,000.
• Upstart Holdings, Inc. climbed 10.3% to $29.91.
• Tesla, Inc. gained 6% to $263.03 possibly after CEO Elon Musk endorsed former President Trump on X after the attempted assassination. In response to the attack, Trump-adjacent stocks are rising on Monday.

Losers

• ASLAN Pharmaceuticals Limited A shares fell 45.7% to $1.3687 after the company announced receipt of Nasdaq delisting determination.
• Kazia Therapeutics Limited shares tumbled 28% to $0.6387.
• Locafy Limited dipped 25.9% to $4.1401.
• Lexeo Therapeutics, Inc fell 25.1% to $13.18 after the company reported interim Phase 1/2 clinical data of LX2006 for the treatment of friedreich ataxia cardiomyopathy.
• NaaS Technology Inc. N declined 25% to $3.1845.
• Qualigen Therapeutics, Inc. dipped 21% to $0.3436 after jumping 109% on Friday.
• Catheter Precision, Inc. fell 18.5% to $3.12. Catheter Precision announced effectiveness of 1-for-10 reverse stock split.
• Sequans Communications S.A. dipped 17.3% to $0.4733.
• Vicinity Motor Corp. shares fell 17.1% to $0.5912. Vicinity Motor shares surged around 111% on Friday after the company announced CARB certification for the VMC 1200 class 3 electric truck.
• Logistic Properties of the Americas L fell 17.1% to $15.26 after surging 88% on Friday.
• Moolec Science SA fell 16.6% to $0.86. Moolec signed an offtake agreement with a major global CPG company to hit the US market in 2025.
• AgriFORCE Growing Systems Ltd. shares fell 14.5% to $0.0854 after rising around 22% on Friday.
• Eastside Distilling, Inc. shares dipped 14.3% to $1.0199.
• Macy’s, Inc. fell 13.3% to $16.55 after the company announced the termination of discussions with Arkhouse and Brigade.
• TDH Holdings, Inc. shares fell 12.7% to $1.45 after jumping 16% on Friday.
• Sunrun Inc. shares declined 11.4% to $15.24 after gaining around 7% on Friday.
• Lucid Group, Inc. fell 10.5% to $3.8012. Cantor Fitzgerald analyst Andres Sheppard reiterated Lucid with an Underweight and maintained a $4 price target.
• Sunnova Energy International Inc. fell 10% to $6.91 following the attempted assassination of Donald Trump, which has pressured stocks that could be impacted from a Trump presidency.
• The AES Corporation fell 9.9% to $17.01. declared a quarterly common stock dividend of 17.25 cents per share.
• Canadian Solar Inc. dipped 8.6% to $15.79.
• Rackspace Technology, Inc. fell 7.7% to $2.3150.
• First Solar, Inc. fell 6.6% to $217.76. Shares of solar stocks traded lower following the attempted assassination of Donald Trump, which has pressured stocks that could be impacted from a Trump presidency on Monday.
• NIO Inc. shares fell 5.8% to $4.5869. Shares of Chinese stocks traded lower after China reported softer-than-expected Q2 GDP growth.

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SolarEdge layoffs are a hot topic on Monday as the solar energy company announces plans to cut 400 jobs.

SolarEdge notes that 200 of these layoffs will take place in Israel. The company also mentions that these job cuts affect all departments. It also notes that it will reduce discretionary spending.

SolarEdge says that the reason for the job cuts is reduced demand for its solar power products. The company points out that demand in Europe is slowing consideringly and is a major factor behind the headcount reductions.

SolarEdge CEO Zivi Lando said the following about the layoffs.

SolarEdge Layoffs Come After Weak Earnings

The last time SolarEdge reported earnings it included a net loss of $157 million. That’s worth noting as it was its third quarterly net loss in a row.

Investors will also remember that the company revealed plans to cut roughly 16% of its workforce back in January. Its end-of-2023 filing showed a total employee headcount of 5,633.

SEDG stock is down 13.4% as of Monday morning with more than 2.5 million shares traded. That’s closing in on its daily average trading volume of about 3.7 million shares.

Investors will want to stick around for more of the most recent stock market stories!

We have all of the hottest stock market news traders need to know about on Monday! Among that is what has shares of Apple , Broadcom and Moolec Science stock on the move today. All of this news is ready to go at the links below!

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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Moolec Science stock is falling on Monday even as the molecular farming ingredient company announced an offtake agreement with a global consumer packaged goods company.

According to a press release from Moolec Science, this covers the use of its GLA Safflower Oil (GLASO) product. The agreement covers three years and the delivery of GLASO to the U.S.

Moolec Science notes that its GLASO product will be used in dietary supplements, functional foods, cosmetics, and pet foods. The company expects to ship 50 tons of the product in 2025.

Martín Salinas, cofounder and Chief Technology Officer of Moolec Science, said the following about the deal.

MLEC Stock Movement on Monday

Despite news of this deal, shares of MLEC stock aren’t seeing the kind of movement traders might be hoping for. Only about 1 million shares have traded as of this writing. That’s still below its daily average trading volume of about 1.6 million shares.

MLEC stock is down 17.5% as of Monday morning. The stock closed out Friday down 57.9% year-to-date.

Investors seeking out more of the most recent stock market stories will want to keep reading!

We have all of the hottest stock market news that traders need to know about on Monday! That includes what’s going on with shares of Qualigen Therapeutics stock, Trump Media & Technology stock and DatChat stock today. All of that info is ready at the links below!

More Stock Market News for Monday

• Why Is Qualigen Therapeutics (QLGN) Stock Down 22% Today?
• Why Is Trump Media & Technology (DJT) Stock Up 48% Today?
• Why Is DatChat (DATS) Up 104% Today?

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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.

More from InvestorPlace

• Apple Intelligence: The Next Frontier in AI Development
• 40% Revenue Growth and Space Partnerships: Is Palantir Stock Your Ticket to AI Riches?
• Inflation Falls – Where the Market Goes Now