Bull&Bear | Desktop Metal Soars 99% Amid Legal Win Against Nano Dimension

In the realm of booming stocks, Desktop Metal (DM) surged by 99.12%, continuing a two-day rally that resulted in a cumulative increase of 102.69% over the past two days. A court ruling revealed that Nano Dimension substantially violated its merger agreement with Desktop Metal. This development is likely to positively impact Desktop Metal's stock price as the breach of the merger agreement suggests Desktop Metal might have a favorable standing in the legal dispute, thereby bolstering market confidence in its future financial performance.

Golden Heaven Group (GDHG) shares increased by 94.39%, marking a five-day rising streak with a total gain of 240.18% over the last five days. Trading of the group's stock was briefly halted due to a downward circuit breaker, though it has now climbed 27% post-pause.

ZhongYuan Biotech (ZYBT) saw a rise of 41.38%, maintaining a three-day upward trend with a total increase of 103.47% in the past three days. The firm successfully launched on the NASDAQ with assistance from a consultancy firm.

FST (KBSX) experienced a 26.55% increase. At present, FST Corp's shares have grown by 192.53%.

BitFuFu (FUFU) jumped 23.32%, sustaining a two-day growth spurt that totals a 28.50% increase over the two days. The company's stock saw a 22% surge in 2024 attributable to the rapid rise in revenue from its cloud mining operations.

Conversely, in the realm of declining stocks, CorMedix (CRMD) fell by 31.85%, marking a continuous two-day decrease of 32.72%. The company's stock sharply dropped over 31% following disappointing performance guidance for the first half of the year, potentially setting the stage for its largest percentage decrease since August 2022.

USA Rare Earth (USAR) decreased by 29.37%, continuing a five-day downtrend totaling a 61.33% drop over the last five days. This reflects the prevailing negative market sentiment towards the company's financial losses.

New Found Gold (NFGC) declined by 29.56%, maintaining a six-day downward trajectory with a total decrease of 38.80% over the past six days. The company has announced an initial evaluation of its mineral exploration projects.

Viomi Technology (VIOT) fell by 18.49%. For the 2023 fiscal year, Viomi Technology reported sales revenue totaling $290.3 million, representing a decline from the previous year's figure of $351.19 million.

Nano Dimension (NNDM) dropped by 16.83%, continuing a six-day downturn with a total decrease of 21.00% over six days. The company's shares fell over 17%, potentially reaching the lowest closing price observed since September 2020.