Why 22nd Century Group Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most in Monday's mid-day session. Zynerba Pharmaceuticals, Taysha Gene Therapies, Hanryu Holdings, TMC the metals company, and United States Steel Corporation were among the top gainers. On the other hand, BioXcel Therapeutics, Hawaiian Electric Industries, Aurora Acquisition Corp., AMC Entertainment Holdings, and Jet.AI Inc. were among the top losers.
August 14, 2023 | 4:49 pm
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POSITIVE IMPACT
Zynerba Pharmaceuticals shares jumped 283.7% after Harmony Biosciences entered into definitive agreement to acquire the company.
The acquisition news is a positive development for Zynerba Pharmaceuticals and is likely to boost its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
BioXcel Therapeutics shares fell 45.2% after the company reported second-quarter results and announced plans to reduce over 50% of jobs.
The announcement of job cuts and disappointing Q2 results are negative developments for BioXcel Therapeutics and are likely to negatively impact its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100