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Bull&Bear | Allakos and Armlogi Lead Bull Charge, Genuine Parts Sinks Amid Profit Concerns

Mover TrackerTuesday, Oct 22, 2024 6:00 pm ET

1min read

In the realm of bull stocks, Allakos (ALLK) surged 57.09%, continuing a three-day rally with an overall increase of 106.15% over the past three days. This uptick comes in the wake of the company’s early-stage data release, which sparked significant market activity.

Armlogi Holding (BTOC) saw a rise of 47.70%, marking a five-day streak with a cumulative 70.11% increase. This growth is attributed to substantial progress reported by the company and its enhanced integration with the Temu platform.

Phunware (PHUN) climbed 38.41%, continuing a two-day upward trend with a total gain of 71.94% over two days. The stock's movement is linked to fluctuations in shares related to Trump and associated with Trump Media & Technology Group.

Sangamo Therapeutics (SGMO) rose by 32.53%. H.C. Wainwright has maintained a buy rating on Sangamo Therapeutics, with a target price of $5 per share.

Flexsteel Industries (FLXS) gained 29.34%. The company reported first-quarter 2025 financial results exceeding expectations, raised its operating income guidance for fiscal 2025, and issued a positive second-quarter revenue forecast.

On the flip side, in bear stocks, Genuine Parts (GPC) dropped 20.97%, extending a three-day losing streak with a total decline of 21.25% over that period. This downturn followed a dip in third-quarter profits that fell short of expectations, leading JP Morgan to cut its target price from $162.00 to $135.00 per share.

Voyager Therapeutics (VYGR) decreased by 19.19%, continuing a two-day downtrend with a cumulative decline of 23.30%. Institutional investors in Voyager Therapeutics, Inc. might find satisfaction in gains following a 5.0% loss over the last year.

Lightbridge (LTBR) fell 19.14%. The company announced its participation in upcoming industry events.

DMC Global (BOOM) decreased 18.25%, continuing a three-day losing streak with a total drop of 20.35%. Analysts have maintained a buy rating on DMC Global, with a target price of $16.

Denny’s (DENN) dropped 17.62%, extending losses over four days to a 18.48% decline. This decrease followed the company’s downward revision of its 2024 guidance.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.