Gainers
- Direct Digital Holdings, Inc. (NASDAQ:DRCT) shares surged 82.2% to $2.6787. Direct Digital Holdings said its supply-side advertising platform, Colossus SSP, reported a 540% year-over-year growth in revenue for the first quarter.
- Pagaya Technologies Ltd. (NASDAQ:PGY) shares jumped 73.7% to $4.6890 on continued volatility after the company completed its SPAC merger agreement last month. Pagaya Technologies is expected to announce its Q2 earnings on August 16, 2022.
- Stronghold Digital Mining, Inc. (NASDAQ:SDIG) gained 48.8% to $3.1850 following continuation of crypto rally.
- Bright Scholar Education Holdings Limited (NYSE:BEDU) surged 33.7% to $1.05. Bright Scholar will hold 2022 Annual General Meeting on August 22, 2022.
- Applied Blockchain, Inc. (NASDAQ:APLD) shares gained 25.5% to $2.66. Applied Blockchain shares jumped 100% on Tuesday after the company raised its Q4 revenue guidance. Also, the company announced a 5-year hosting contract with Marathon Digital.
- Allakos Inc. (NASDAQ:ALLK) jumped 23.8% to $4.16.
- Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) surged 22.6% to $12.98 after the French National Agency for Medicines and Health Products Safety and Haute Autorité de santé granted pre-marketing authorization AP1 for IMCIVREE for patients with genetically-confirmed Bardet-Biedl syndrome for the treatment of obesity and the control of hunger.
- Dave Inc. (NASDAQ:DAVE) gained 21.6% to $0.6952. Dave is one of the most-discussed stocks in Benzinga Pro's lounge chat Wednesday morning.
- Leafly Holdings, Inc. (NASDAQ:LFLY) jumped 17.1% to $5.45.
- ToughBuilt Industries, Inc. (NASDAQ:TBLT) gained 16.2% to $3.58 after climbing around 15% on Tuesday. ToughBuilt Industries recently announced its Q2 gross sales through Amazon were $3.56 million, representing a 20% year-over-year increase.
- Inovio Pharmaceuticals, Inc. (NASDAQ:INO) jumped 15.2% to $2.3155. Inovio Pharmaceuticals implemented a corporate reorganization designed to extend its cash runway and focus on key clinical programs.
- SCYNEXIS, Inc. (NASDAQ:SCYX) jumped 15% to $2.4373. Scynexis announced the presentation of positive outcomes from the CANDLE 304s nested sub-study of ibrexafungerp in recurrent vulvovaginal candidiasis (RVVC) who failed fluconazole treatment.
- Canopy Growth Corporation (NASDAQ:CGC) gained 15% to $3.00. Canopy Growth closed its exchange transaction of certain 4.25% unsecured notes due 2023 in order to reduce its debt obligations by around CA$263 million.
- Coinbase Global, Inc. (NASDAQ:COIN) jumped 13.7% to $74.88 amid an increase in the price of Bitcoin and Ethereum.
- Capstone Green Energy Corporation (NASDAQ:CGRN) rose 13.5% to $1.77.
- Cloudflare, Inc. (NYSE:NET) jumped 12.7% to $55.83. Shares of technology and software companies traded higher amid a drop in yields.
- Precigen, Inc. (NASDAQ:PGEN) gained 12.3% to $1.9650.
- Unity Software Inc. (NYSE:U) jumped 11.7% to $39.83. Shares of technology and software companies traded higher amid a drop in yields.
- Greenlane Holdings, Inc. (NASDAQ:GNLN) gained 11.5% to $0.2167. Greenlane said it has sold its stake in VIBES Holdings LLC for $5.3 million in cash.
- Aehr Test Systems (NASDAQ:AEHR) rose 11.1% to $10.22 after the company reported fourth-quarter sales growth of 166% year-over-year to $20.3 million, beating the consensus of $20.02 million. Separately, the company announced that it has received $12.8 million in orders from its lead silicon carbide test and burn-in customer for multiple FOX-XP™ systems, a FOX™ high volume production WaferPak Aligner, and a small number of FOX WaferPak full wafer contactors.
- Datadog, Inc. (NASDAQ:DDOG) gained 9.8% to $102.07 after Bernstein initiated coverage on the stock with an Outperform rating and a $172 price target.
- Snap Inc. (NYSE:SNAP) climbed 8.5% to $15.35.
- Shopify Inc. (NYSE:SHOP) gained 8.4% to $37.24. Shares of technology and software companies traded higher amid a drop in yields.
- Evofem Biosciences, Inc. (NASDAQ:EVFM) rose 7.1% to $0.8649 after dropping 8% on Tuesday.
- Ideanomics, Inc. (NASDAQ:IDEX) gained 6% to $0.7528. Ideanomics unit Solectrac recently announced a partnership with Nolan Manufacturing to produce Solectrac's e25 electric tractors with additional models slated for future production.
- Exela Technologies, Inc. (NASDAQ:XELA) rose 5.7% to $0.14.
- Amazon.com, Inc. (NASDAQ:AMZN) gained 4% to $ 122.91. Jefferies maintained Amazon.com with a Buy and lowered the price target from $163 to $150.
- Netflix, Inc. (NASDAQ:NFLX) rose 3.8% to $209.02. Netflix posted better-than-expected earnings for its second quarter. The company ended the second quarter with 220.67 million subscribers, down from a reported 221.64 million in the first quarter.
- Omnicom Group Inc. (NYSE:OMC) rose 3.2% to $69.54 as the company posted stronger-than-expected results for its second quarter on Tuesday.
Losers
- Vascular Biogenics Ltd. (NASDAQ:VBLT) shares dipped 78.5% to $0.4417 after the company announced the data from its Phase 3 OVAL trial of ofra-vec did not meet the primary endpoints of achieving a statistically significant improvement.
- JE Cleantech Holdings Limited (NASDAQ:JCSE) fell 46.7% to $ 6.44.
- FaZe Holdings Inc. (NASDAQ:FAZE) fell 28% to $9.38. A SPAC merger announced between FaZe Clan and B. Riley Principal 150 Merger Corp in October has been completed.
- Adial Pharmaceuticals, Inc. (NASDAQ:ADIL) dipped 21.2% to $1.45 after the company announced topline results for its Onward Phase 3 trial for AD04 in patients with Alcohol Use Disorder.
- Inozyme Pharma, Inc. (NASDAQ:INZY) dropped 18.5% to $4.4399. Inozyme Pharma announced preliminary biomarker, safety, and pharmacokinetic (PK) data from the first three subjects in the Phase 1 portion of its ongoing Phase 1/2 trial of INZ-701 in ABCC6 Deficiency, which presents as pseudoxanthoma elasticum (PXE) in older individuals.
- Crown ElectroKinetics Corp. (NASDAQ:CRKN) fell 17.1% to $0.9199 after the company priced its common stock offering of 1.25 million shares at $0.80 per share.
- OptimizeRx Corporation (NASDAQ:OPRX) dipped 13.5% to $25.88. B. Riley Securities maintained OptimizeRx with a Buy and lowered the price target from $71 to $56.
- Belite Bio, Inc (NASDAQ:BLTE) fell 12.8% to $38.00. Belite Bio submitted an Investigational New Drug Application to the FDA to support Phase 3 development of LBS-008 for Stargardt Disease (STGD1), a rare genetic eye disease.
- Mesa Royalty Trust (NYSE:MTR) dipped 12.2% to $13.04.
- Forestar Group Inc. (NYSE:FOR) declined 11.8% to $13.96 after the company reported worse-than-expected Q3 EPS and sales results and issued FY22 revenue guidance below estimates.
- AMTD Digital Inc. (NYSE:HKD) shares fell 11.6% to $22.00. AMTD Digital shares dropped over 10% on Tuesday on continued volatility following the company's recent IPO.
- ITHAX Acquisition Corp. (NASDAQ:MOND) dipped 11% to $8.12.
- Baker Hughes Company (NYSE:BKR) fell 10.6% to $25.24 after the company reported worse-than-expected Q2 EPS and sales results.
- Healthcare Services Group, Inc. (NASDAQ:HCSG) fell 10.5% to $16.61 after the company posted second-quarter FY22 revenue growth of 6.7% year-over-year to $424.9 million, missing the consensus of $426.72 million.
- Biophytis S.A. (NASDAQ:BPTS) dropped 8.7% to $0.84.
- Helbiz, Inc. (NASDAQ:HLBZ) fell 6.5% to $0.6151. Helbiz recently released the HelmetChecker, a real-time AI helmet verification, for sale to micro-mobility operators.
