Why Mainz Biomed Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Shares of several companies including Avalo Therapeutics, Workhorse Group, Super League Enterprise, Bit Brother, Mainz Biomed, Rocket Pharmaceuticals, Creative Medical Technology Holdings, FaZe Holdings, DIRTT Environmental Solutions, and Axcella Health are trading higher in pre-market. On the other hand, shares of KULR Technology Group, Nature Wood Group, Evolution Petroleum Corporation, Kaixin Auto Holdings, Genetic Technologies, OKYO Pharma, Canopy Growth Corporation, Impel Pharmaceuticals, Spectral AI, and WeWork are trading lower.
September 13, 2023 | 12:16 pm
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NEGATIVE IMPACT
KULR Technology Group shares fell after the company announced a proposed public offering of common stock.
The proposed public offering could dilute the company's shares, which is likely driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Avalo Therapeutics shares rose after the company agreed to divest AVTX-800 series.
The divestment of AVTX-800 series could potentially bring in significant capital for the company, which is likely driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Workhorse Group shares rose after the company received IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit.
The IRS approval could potentially increase the company's sales, which is likely driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100