Why Skye Bioscience Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Author: Avi Kapoor | June 10, 2024 02:10pm

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply during Monday's session after the company announced its SBI-100 Ophthalmic Emulsion Phase 2a trial did not achieve target product profile and has discontinued the program.

Skye Bioscience shares tumbled 18.9% to $8.87 on Monday.

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

Gainers

Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 123% to $4.3001 following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week.
KWESST Micro Systems Inc. (NASDAQ:KWE) gained 79.8% to $0.7082 after the company was awarded a sub-contract worth up to C$48 million by Thales Canada for software development services.
Wearable Devices Ltd. (NASDAQ:WLDS) jumped 63% to $0.5547. Wearable Devices reported the successful completion of its first phase of integration with Qualcomm’s Snapdragon Spaces™, extended reality (XR) Developer Platform.
New Horizon Aircraft Ltd. (NASDAQ:HOVR) gained 45.1% to $1.0450 after declining around 8% on Friday.
ICC Holdings, Inc. (NASDAQ:ICCH) jumped 43% to $22.03. Mutual Capital Group announced plans to acquire ICC Holdings, Inc. for $23.50 per share in a $73.8 million transaction.
Spectaire Holdings Inc. (NASDAQ:SPEC) shares gained 32.3% to $0.5623 after jumping over 15% on Friday.
QXO, Inc. (NASDAQ:QXO) gained 28.6% to $283.00.
Renovaro Inc. (NASDAQ:RENB) rose 25.6% to $1.62.
Wetouch Technology Inc. (NASDAQ:WETH) surged 25% to $2.23.
Journey Medical Corporation (NASDAQ:DERM) gained 24% to $5.83.
Opera Limited (NASDAQ:OPRA) surged 22% to $16.83.
MicroAlgo Inc. (NASDAQ:MLGO) rose 20.2% to $5.33.
Ivanhoe Electric Inc. (NYSE:IE) gained 18% to $10.74.
iLearningEngines, Inc. (NASDAQ:AILE) jumped 17.5% to $5.58.
Silynxcom Ltd. (NYSE:SYNX) surged 17% to $2.62.
Spectaire Holdings Inc. (NASDAQ:SPEC) jumped 16.6% to $0.4960 after the company announced a purchase order and delivery of its advanced AireCore units to American Ag Energy.
AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) gained 15% to $0.1070 after the company was awarded a new US patent titled ‘Automated Growing Systems.’
FuelCell Energy, Inc. (NASDAQ:FCEL) rose 13.6% to $0.9869. FuelCell Energy reported a second-quarter fiscal 2024 revenue decline of 42% year-over-year to $22.42 million, beating the consensus of $21.35 million.
Cactus, Inc. (NYSE:WHD) gained 13.6% to $53.19.
Tellurian Inc. (NASDAQ:TELL) gained 12.8% to $0.8448.
SEACOR Marine Holdings Inc. (NYSE:SMHI) gained 12.1% to $13.26.
Presto Automation Inc. (NASDAQ:PRST) shares rose 10.9% to $0.0988 after surging 17% on Friday.
KKR & Co. Inc. (NYSE:KKR) gained 9.8% to $107.63 after it was announced the company will join the S&P 500.
Diamond Offshore Drilling, Inc. (NYSE:DO) climbed 9.8% to $15.30 after Noble announced an agreement to acquire the company.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) gained 8.8% to $379.95 after it was announced the company will join the S&P 500.
LENZ Therapeutics, Inc. (NASDAQ:LENZ) rose 8.2% to $16.85.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) shares rose 7.6% to $3.6302 after the company said it has established a daily supply capacity of over 20 million eggs.
Esperion Therapeutics, Inc. (NASDAQ:ESPR) gained 7.5% to $3.01.
Southwest Airlines Co. (NYSE:LUV) gained 6.8% to $29.66 following a report indicating Elliott Investment Management has built a stake in the company.
Geron Corporation (NASDAQ:GERN) rose 5.9% to $4.8592. Barclays initiated coverage on Geron with an Overweight rating and announced a price target of $9.

Losers

1847 Holdings LLC (NYSE:EFSH) dipped 32.5% to $0.4828.
Baijiayun Group Ltd (NASDAQ:RTC) fell 32% to $3.7001
Sunshine Biopharma, Inc. (NASDAQ:SBFM) shares fell 31.4% to $0.3830.
Tharimmune, Inc. (NASDAQ:THAR) dipped 30% to $3.6051
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) fell 29.3% to $2.3550. Tonix Pharmaceuticals recently announced a 1-for-32 reverse stock split.
Enservco Corporation (NYSE:ENSV) fell 29.3% to $0.1713 after the company announced the staff of NYSE Regulation determined to commence proceedings to delist its common stock.
Perion Network Ltd. (NASDAQ:PERI) shares fell 28.3% to $8.84 after the company cut its revenue outlook.
Sify Technologies Limited (NASDAQ:SIFY) fell 24.7% to $0.6249 after the company announced the voluntary delisting date of its ADS rights from Nasdaq.
SeaStar Medical Holding Corporation (NASDAQ:ICU) declined 23% to $4.22.
Latam Logistic Properties, S.A. (NYSE:LPA) fell 19.9% to $19.62
China Liberal Education Holdings Limited (NASDAQ:CLEU) shares fell 16.8% to $2.66 in pre-market trading after jumping 58% on Friday.
Virax Biolabs Group Limited (NASDAQ:VRAX) shares fell 14.8% to $1.68.
Trinity Place Holdings Inc. (NYSE:TPHS) fell 14.7% to $0.1498 after jumping 45% on Friday.
GameStop Corp. (NYSE:GME) fell 13.1% to $24.53. On Friday, the stock traded lower as Roaring Kitty held a live stream and the company reported Q1 earnings.
Golden Matrix Group, Inc. (NASDAQ:GMGI) declined 12.5% to $3.16.
Novavax, Inc. (NASDAQ:NVAX) declined 11.8% to $16.01.
Anywhere Real Estate Inc. (NYSE:HOUS) fell 10.6% to $3.4150.
Methode Electronics, Inc. (NYSE:MEI) fell 10.6% to $10.11
BioCardia, Inc. (NASDAQ:BCDA) shares fell 10% to $3.35. On Friday, BioCardia announced it received approval from the United States Patent Office for its application entitled, "Radial and Transendocardial Delivery Catheter."
Cumulus Media Inc (NASDAQ:CMLS) shares fell 7.6% to $2.9550 after jumping around 22% on Friday.
Compass Minerals International, Inc. (NYSE:CMP) fell 7.6% to $12.36. Compass Minerals International named Jeffrey Cathey as its new chief financial officer.
Celsius Holdings, Inc. (NASDAQ:CELH) fell 7% to $68.08.
Roma Green Finance Limited (NASDAQ:ROMA) shares declined 6% to $0.4683. Roma Green Finance filed for offering in a best efforts self-underwritten offering of up to 3.6 million of ordinary shares.