Why Virios Therapeutics Shares Are Trading Lower By Around 48%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Author: Avi Kapoor | May 20, 2024 01:28pm

Shares of Virios Therapeutics, Inc. (NASDAQ:VIRI) fell sharply during Monday's session after the company priced a $1.7 million public offering of 8.5 million shares of common stock at $0.20 per share.

Virios Therapeutics shares dipped 47.6% to $0.1850 on Monday.

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

Gainers

MultiMetaVerse Holdings Limited (NASDAQ:MMV) shares jumped 224% to $2.01. MultiMetaVerse Holdings signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries.
GT Biopharma, Inc. (NASDAQ:GTBP) rose 146% to $7.64. GT Biopharma, last week, posted a narrower-than-expected quarterly loss.
Tantech Holdings Ltd (NASDAQ:TANH) jumped 89.8% to $1.2501.
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares gained 62.1% to $1.6701. Faraday Future Intelligent Electric is scheduled to report its fourth quarter and full year 2023 results after the closing bell on Tuesday, May 28.
CN Energy Group. Inc. (NASDAQ:CNEY) surged 58% to $1.0501.
Scorpius Holdings, Inc. (NASDAQ:SCPX) gained 57.8% to $0.1635. Scorpius, last week, announced closing of public offering.
NKGen Biotech, Inc. (NASDAQ:NKGN) rose 46% to $1.6250 after the company’s SNK01 NK Cell Therapy was cleared to begin a Phase 2 trial in Alzheimer’s disease.
Bruush Oral Care Inc. (NASDAQ:BRSH) jumped 41% to $0.1658.
Rekor Systems, Inc. (NASDAQ:REKR) gained 36% to $1.80 after the company announced a partnership with MS2.
MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) gained 34.3% to $0.8866 after the company said it has advanced new preclinical studies using Ketamir-2 towards clinical development.
Scilex Holding Company (NASDAQ:SCLX) gained 34% to $1.21.
Hims & Hers Health, Inc. (NYSE:HIMS) rose 30.5% to $19.01 after the company announced the addition of GLP-1 injections to its weight loss portfolio.
BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) surged 29.5% to $1.4250.
Cheetah Mobile Inc. (NYSE:CMCM) gained 24.3% to $5.70.
Concord Medical Services Holdings Limited (NYSE:CCM) jumped 23% to $0.6188.
Wix.com Ltd. (NASDAQ:WIX) rose 21.6% to $164.94 as the company posted upbeat results for its first quarter and raised its 2024 forecast on Monday.
Sintx Technologies, Inc. (NASDAQ:SINT) shares rose 21.1% to $0.1029 after dipping over 39% on Friday.
Sutro Biopharma, Inc. (NASDAQ:STRO) climbed 17.6% to $4.7150.
PTC Therapeutics, Inc. (NASDAQ:PTCT) jumped 17.2% to $38.78 after the company announced the European Commission has returned the Translarna opinion to the CHMP for re-evaluation.
Cue Health Inc. (NASDAQ:HLTH) gained 17.1% to $0.1128 after dipping around 18% on Friday. Cue Health, last week, announced that it voluntarily and temporarily paused sales and distribution of its EUA COVID-19 Test Cartridge.
NextDecade Corporation (NASDAQ:NEXT) climbed 16% to $8.10 after ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade’s Rio Grande LNG project.
NuScale Power Corporation (NYSE:SMR) rose 15.5% to $7.29.
VinFast Auto Ltd. (NASDAQ:VFS) gained 15% to $5.61.
Crown ElectroKinetics Corp. (NASDAQ:CRKN) shares rose 14.8% to $0.1964 after falling around 29% on Friday.
Tellurian Inc. (NASDAQ:TELL) gained 14% to $0.5870.
Shineco, Inc. (NASDAQ:SISI) shares climbed 10.2% to $1.09 after jumping 19% on Friday. Shineco recently announced that its subsidiaries Fuzhou Medashan Biotechnology and Kaifeng Yixi Biotechnology invented a new natural active water-soluble product.
Independent Bank Group, Inc. (NASDAQ:IBTX) gained 8.5% to $47.69 after SouthState announced it will acquire the company.
Doximity, Inc. (NYSE:DOCS) surged 5.1% to $29.46.

Losers

Akoustis Technologies, Inc. (NASDAQ:AKTS) fell 53.8% to $0.1647 after Qorvo won a jury verdict against the company in a trade secret misappropriation and patent infringement case.
Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) declined 48% to $5.61.
FLJ Group Limited (NASDAQ:FLJ) shares fell 44.5% to $0.86 after surging 224% on Friday.
Jaguar Health, Inc (NASDAQ:JAGX) fell 39.8% to $0.1557 after the company announced a 1-for-60 reverse stock split.
Fangdd Network Group Ltd. (NASDAQ:DUO) declined 38% to $1.04.
Jeffs’ Brands Ltd (NASDAQ:JFBR) shares declined 35.8% to $0.4189 after jumping 109% on Friday.
DermTech, Inc. (NASDAQ:DMTK) fell 33.8% to $0.3302.
CervoMed Inc. (NASDAQ:CRVO) declined 25.3% to $17.99. CervoMed named William Elder as Chief Financial Officer, effective June 1.
Barnes & Noble Education, Inc. (NYSE:BNED) dipped 22.6% to $0.3482.
Akanda Corp. (NASDAQ:AKAN) shares fell 22.3% to $0.1339 following a 30% surge on Friday.
iPower Inc. (NASDAQ:IPW) shares fell 20.8% to $2.29 after jumping 98% on Friday. iPower, last week, reported better-than-expected third-quarter financial results.
Nature’s Miracle Holding Inc. (NASDAQ:NMHI) declined 19.9% to $0.5396. Nature’s Miracle mutually agreed to terminate plan to merge with Agrify Corp.
Li Auto Inc. (NASDAQ:LI) fell 12.6% to $21.74 after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.
GameStop Corp. (NYSE:GME) declined 10% to $19.99.
Oklo Inc. (NYSE:OKLO) fell 8.6% to $8.23.
IGM Biosciences, Inc. (NASDAQ:IGMS) declined 8.2% to $8.46.
Cemtrex, Inc. (NASDAQ:CETX) shares fell 7.6% to $0.45 after climbing 49% on Friday. Cemtrex, last week, posted a wider quarterly loss.
The Beauty Health Company (NASDAQ:SKIN) declined 5.8% to $2.58.
Inovio Pharmaceuticals, Inc. (NASDAQ:INO) fell 5.6% to $11.33.
ATRenew Inc. (NASDAQ:RERE) shares fell 4.3% to $2.71 after reporting weak quarterly earnings.