Upside, Downside Movers in the Morning
Upside
– VEEA +74% (announces proposed merger with NovaGen to create a $750M Edge AI-powered global health platform)
– MYSZ +45% (extends rally after unveiling an acquisition-led strategy to build a defense-technology platform)
– BDRX +18% (extends high-volume rally after interim results detailed eRapa Phase 3 preparations and MTX240 pipeline progress)
– VERA +17% (no clear fresh catalyst identified; unusually large, liquid biotech move)
– RLGT +14% (fiscal Q4 results showed accelerating revenue and profit growth, stronger margins and no net debt)
– TNON +13% (extends rally after early repayment of convertible notes removed a near-term conversion overhang)
– FPS +7.1% (rallies into fiscal Q4 results with investors focused on record orders, backlog growth and margin expansion)
– ASML +3.1%, COHR +1.7%, INTC +1.6%, LITE +1.1% (chip and optical-hardware names rebound after Monday’s selloff as a new advanced-node chip launch reinforces demand expectations)
– NOK +2.7% (Rosenblatt initiates at Buy on AI optical-franchise potential)
Downside
– CNTB -34% (sell-the-news reaction despite preliminary Phase 2 asthma data showing a meaningful reduction in treatment failure)
– FTFT -22% (reverses Monday’s speculative surge with no fresh company catalyst identified)
– ENVA -17% (withdraws regulatory applications for its proposed acquisition of Grasshopper Bancorp)
– PLAY -13% (Q2 sales and profit missed expectations as comps declined and adjusted EBITDA contracted sharply)
– CRCL -5.0%, COIN -4.3%, BMNR -3.9%, HOOD -2.3% (crypto-linked stocks fall as Bitcoin retreats below $78,000 amid broader risk-off trading)
– NOW -2.7%, CRWD -2.0%, CRM -1.8%, PANW -1.7% (software and cybersecurity names give back part of Monday’s sharp rally as Treasury yields climb above 5%)
