Why Toast Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.
November 08, 2023 | 6:41 pm
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POSITIVE IMPACT
Blade Air Mobility, Inc. shares surged 27.3% after the company reported strong Q3 FY23 revenue growth.
The strong Q3 FY23 revenue growth reported by Blade Air Mobility, Inc. is a positive development, leading to a surge in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
GAN Limited shares surged 83.9% after the company agreed to be acquired by Sega Sammy Creation.
The acquisition news is a positive development for GAN Limited, leading to a surge in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
DURECT Corporation shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance.
The failure of DURECT Corporation's Phase 2B AHFIRM trial to achieve statistical significance is a negative development, leading to a drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
FTC Solar, Inc. shares fell 62.8% after the company reported Q3 earnings and announced the departure of its CEO and CFO.
The Q3 earnings report and the announcement of the departure of its CEO and CFO are negative developments for FTC Solar, Inc., leading to a drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100