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Benzinga
Benzinga
Business
Lisa Levin

Why Several Chinese Stocks Traded Higher; Here Are 58 Biggest Movers From Yesterday

Gainers

  • Kiora Pharmaceuticals, Inc. (NASDAQ:KPRX) surged 95.3% to close at $0.2580 on Thursday after Ladenburg Thalmann initiated coverage on the stock with a Buy rating and announced a price target of $6.50.
  • Bright Minds Biosciences Inc. (NASDAQ:DRUG) surged 46% to close at $2.89 after gaining 49% on Wednesday. Bright Minds priced overnight marketed offering of 2.858 million units at $1.40 per unit.
  • Golden Sun Education Group Limited (NASDAQ:GSUN) climbed 38% to settle at $37.33. Shares of several Chinese stocks traded higher after the Chinese government announced new stimulus spending, which lifted investor sentiment. Anticipation of the Fed's Jackson Hole symposium is also impacting stocks.
  • Vaccitech plc (NASDAQ:VACC) shares surged 32% to close at $6.19. The company recently posted a profit for the second quarter.
  • Snowflake Inc. (NYSE:SNOW) jumped 23.1% to close at $196.28 after the company reported better-than-expected Q2 sales results and issued product revenue guidance.
  • Destination XL Group, Inc. (NASDAQ:DXLG) climbed 19.8% to close at $5.03 after the company reported better-than-expected Q2 GAAP EPS and sales results and raised FY22 sales guidance.
  • Avaya Holdings Corp. (NYSE:AVYA) rose 19.7% to close at $1.52. Shares of software and IT Services companies traded higher amid overall market strength as traders anticipate Fed chair Jerome Powell's speech at the Jackson Hole economic symposium.
  • FREYR Battery (NYSE:FREY) rose 19.2% to close at $12.60. FREYR Battery entered into strategic partnership with Hana Technology.
  • Alaunos Therapeutics, Inc. (NASDAQ:TCRT) gained 18.6% to close at $2.42 after jumping 20% on Wednesday. Alaunos Therapeutics recently reported better-than-expected Q2 EPS results.
  • Uxin Limited (NASDAQ:UXIN) gained 15.3% to close at $0.7050. Shares of several Chinese stocks traded higher after the Chinese government announced new stimulus spending, which lifted investor sentiment. Anticipation of the Fed's Jackson Hole symposium also impacted stocks.
  • Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) gained 14.4% to close at $1.51 after the company announced that the U.S. Court of Appeals ruled in favor of the company's subsidiary Bidi Vapor after the FDA failed to consider marketing plans and sales access restrictions.
  • TDCX Inc (NYSE:TDCX) shares rose 14.4% to close at $9.53. TDCX , on Wednesday, reported second-quarter FY22 revenue growth of 23.3% year-on-year to $116.6 million, beating the consensus of $114.2 million.
  • Lancaster Colony Corporation (NASDAQ:LANC) gained 14.1% to close at $167.26 after the company reported better-than-expected Q4 EPS and sales results.
  • Pinterest, Inc. (NYSE:PINS) rose 14.1% to close at $24.01. Reports suggest the company's collage app Shuffles has sent out pre-release invites that are trending among TikTok users.
  • HighPeak Energy, Inc. (NASDAQ:HPK) surged 13.2% to close at $28.17. HighPeak Energy 10% owner John Paul Dejoria bought a total 2,313,744 shares at an average price of $21.61.
  • Axcelis Technologies, Inc. (NASDAQ:ACLS) gained 12.9% to close at $81.73.
  • Pinduoduo Inc. (NASDAQ:PDD) climbed 12.4% to close at $59.83. Shares of several Chinese stocks traded higher after the Chinese government announced new stimulus spending, which lifted investor sentiment. Anticipation of the Fed's Jackson Hole symposium is also impacting stocks.
  • Timber Pharmaceuticals, Inc. (NYSE:TMBR) climbed 11.9% to settle at $0.1203. Timber Pharmaceuticals recently posted a Q2 loss of $0.15 per share.
  • SunLink Health Systems, Inc. (NYSE:SSY) gained 11.9% to settle at $1.79.
  • Shoe Carnival, Inc. (NASDAQ:SCVL) gained 11% to settle at $25.09 after the company reported Q2 earnings results.
  • Allarity Therapeutics, Inc. (NASDAQ:ALLR) gained 10.7% to close at $1.35 after gaining 5% on Wednesday. Ladenburg Thalmann recently downgraded Allarity Therapeutics from Buy to Neutral.
  • Coty Inc. (NYSE:COTY) gained 10.6% to close at $8.17 after the company reported better-than-expected Q4 sales results and issued guidance.
  • JD.com, Inc. (NASDAQ:JD) gained 9.2% to settle at $64.91.
  • Alibaba Group Holding Limited (NYSE:BABA) gained 8% to close at $99.89. Alibaba Group kicked off its seventh Maker Festival in Guangdong, China, the province with the maximum Taobao stores, Pandaily reported.
  • NetApp, Inc. (NASDAQ:NTAP) gained 7.9% to close at $78.56 after the company reported better-than-expected Q1 results.
  • Cosmos Holdings Inc. (NASDAQ:COSM) rose 6.9% to close at $0.4177 after the company's subsidiary SkyPharm launched its first Sky Premium Life products on Amazon in the U.S.
  • ECMOHO Limited (NASDAQ:MOHO) shares gained 6.3% to close at $0.1554.
  • Autodesk, Inc. (NASDAQ:ADSK) rose 2.3% to close at $220.15 after the company reported better-than-expected Q2 results and issued FY23 guidance above estimates.
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