Why SolarEdge Shares Are Trading Lower By 12%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Author: Avi Kapoor | July 15, 2024 01:23pm
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) 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. (NASDAQ:AMIX) 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. (NASDAQ:AEON) gained 72% to $2.41.
- Cyngn Inc. (NASDAQ:CYN) gained 65% to $9.90.
- DatChat, Inc. (NASDAQ:DATS) shares jumped 65% to $1.75.
- Scinai Immunotherapeutics Ltd. (NASDAQ:SCNI) shares climbed 61% to $6.53 after the company announced in-vivo preclinical study results of NanoAb.
- American Rebel Holdings, Inc. (NASDAQ:AREB) gained 44.5% to $0.7514.
- Trump Media & Technology Group Corp. (NASDAQ:DJT) 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. (NASDAQ:MIRA) 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. (NASDAQ:QXO) gained 23.5% to $61.17.
- Innodata Inc. (NASDAQ:INOD) 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. (NASDAQ:FUFU) rose 20.3% to $5.16 after Bitcoin rose above $62,000.
- Humacyte, Inc. (NASDAQ:HUMA) climbed 19% to $8.32 after the Pluristyx announced a license agreement with the company.
- AMMO, Inc. (NASDAQ:POWW) 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. (NASDAQ:AUR) climbed 15.6% to $4.28.
- Algoma Steel Group Inc. (NASDAQ:ASTL) gained 13.7% to $8.35.
- Hut 8 Corp. (NASDAQ:HUT) gained 13% to $19.17 after Bitcoin rose above $62,000.
- MicroStrategy Incorporated (NASDAQ:MSTR) rose 11.5% to $1,556.89 amid a rise Bitcoin.
- Coinbase Global, Inc. (NASDAQ:COIN) gained 11.2% to $242.51 after Bitcoin rose above $62,000.
- Upstart Holdings, Inc. (NASDAQ:UPST) climbed 10.3% to $29.91.
- Tesla, Inc. (NASDAQ:TSLA) 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 (NASDAQ:ASLN) shares fell 45.7% to $1.3687 after the company announced receipt of Nasdaq delisting determination.
- Kazia Therapeutics Limited (NASDAQ:KZIA) shares tumbled 28% to $0.6387.
- Locafy Limited (NASDAQ:LCFY) dipped 25.9% to $4.1401.
- Lexeo Therapeutics, Inc (NASDAQ:LXEO) 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. (NASDAQ:NAAS) declined 25% to $3.1845.
- Qualigen Therapeutics, Inc. (NASDAQ:QLGN) dipped 21% to $0.3436 after jumping 109% on Friday.
- Catheter Precision, Inc. (NYSE:VTAK) fell 18.5% to $3.12. Catheter Precision announced effectiveness of 1-for-10 reverse stock split.
- Sequans Communications S.A. (NYSE:SQNS) dipped 17.3% to $0.4733.
- Vicinity Motor Corp. (NASDAQ:VEV) 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 (NYSE:LPA) fell 17.1% to $15.26 after surging 88% on Friday.
- Moolec Science SA (NASDAQ:MLEC) 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. (NASDAQ:AGRI) shares fell 14.5% to $0.0854 after rising around 22% on Friday.
- Eastside Distilling, Inc. (NASDAQ:EAST) shares dipped 14.3% to $1.0199.
- Macy’s, Inc. (NYSE:M) fell 13.3% to $16.55 after the company announced the termination of discussions with Arkhouse and Brigade.
- TDH Holdings, Inc. (NASDAQ:PETZ) shares fell 12.7% to $1.45 after jumping 16% on Friday.
- Sunrun Inc. (NASDAQ:RUN) shares declined 11.4% to $15.24 after gaining around 7% on Friday.
- Lucid Group, Inc. (NASDAQ:LCID) 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. (NYSE:NOVA) 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 (NYSE:AES) fell 9.9% to $17.01. declared a quarterly common stock dividend of 17.25 cents per share.
- Canadian Solar Inc. (NASDAQ: CSIQ) dipped 8.6% to $15.79.
- Rackspace Technology, Inc. (NYSE:RXT) fell 7.7% to $2.3150.
- First Solar, Inc. (NASDAQ:FSLR) 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. (NYSE:NIO) 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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Posted In: AEON AES AGRI AMIX AREB ASLN ASTL AUR COIN CYN DATS DJT EAST FSLR FUFU HUMA HUT INOD KZIA LCFY
