Bull&Bear | Byrna Technologies and Frontier Communications Lead Bullish Surge, Dollar Tree and QMMM Holdings Hit Bearish Lows

Performance of Bullish Stocks:

Byrna Technologies (BYRN) surged by 38.14%. Byrna Technologies saw a significant rise in its stock price as the company announced preliminary quarterly financial results, which showed revenues exceeding expectations. The revenue increase was driven by strong direct-to-consumer sales as well as robust sales through dealers and distributors.

Frontier Communications (FYBR) surged by 37.95%. Frontier Communications' stock saw expanded gains, with an increase of up to 34%, following the announcement that Verizon will complete the acquisition of the company.

Butterfly Network (BFLY) surged by 26.89%, marking an 8-day winning streak with a cumulative gain of 67.22% over the period. Butterfly Network appointed Steve Cashman as Chief Business Officer.

Ryde Group (RYDE) surged by 18.25%, marking a 3-day winning streak with a cumulative gain of 30.32% over the period. Ryde Group established a strategic partnership with Singlife to enhance passenger safety beyond just the ride.

GitLab (GTLB) surged by 21.64%. GitLab reported second-quarter revenue of $182.6 million, surpassing the IBES estimate of $176.9 million.

Performance of Bearish Stocks:

Dollar Tree (DLTR) fell by 22.16%, marking a 9-day losing streak with a cumulative loss of 36.43% over the period. BMO Capital Markets maintained a "buy" rating on Dollar Tree but lowered the target price to $130.

QMMM Holdings (QMMM) fell by 19.15%. The digital media advertising service provider's stock declined following its U.S. stock market listing and a decrease in its FY 2023 performance.

Zscaler (ZS) fell by 18.67%, marking a 2-day losing streak with a cumulative loss of 21.43% over the period. The decline came after comments from Federal Reserve officials and the release of macroeconomic data.

United States Steel (X) fell by 17.47%, marking a 3-day losing streak with a cumulative loss of 23.81% over the period. President Biden is set to block the acquisition of United States Steel.

J.Jill (JILL) fell by 16.87%, marking a 5-day losing streak with a cumulative loss of 22.68% over the period. J.Jill's stock declined as the company's outlook was downgraded.