Bull&Bear | Applied Digital Soars 65.74% on $160M Funding from Nvidia and Others
Thursday, Sep 5, 2024 6:00 pm ET
1min read Major Gainers:
Applied Digital (APLD) surged by 65.74%, continuing its 2-day gain, with a cumulative increase of 70.48% over the past 2 days. Applied Digital raised $160 million in funding from Nvidia and other companies.
Ryde Group (RYDE) climbed by 33.85%, marking a 4-day upward streak, amassing a 74.43% rise in the past 4 days. Ryde formed a strategic partnership with Singlife to secure passenger safety beyond just the ride.
G-III Apparel (GIII) rose by 22.00%. G-III Apparel's stock increased due to the improved earnings per share outlook and a deal with Converse.
Echostar Communications (SATS) increased by 21.05%, continuing a 2-day upward trend, with a 23.16% increase over the past 2 days. América Móvil's Latin American division completed the acquisition of Echostar Communications' mobile spectrum and prepaid subscriber base in Puerto Rico and the U.S. Virgin Islands.
Neonode (NEON) jumped by 16.11%. Neonode's stock soared after winning a reversal in an appeal case against Samsung.
Major Decliners:
China Auto Logistics (AZI) plummeted by 34.42%. The company's IPO underperformed, raising $10 million, with a market capitalization of $315 million.
Datashield (DSY) dropped by 33.01%. Datashield's stock, which was previously halted due to a circuit breaker, is now down by 39%.
Lucas GC (LGCL) fell by 25.00%. Lucas GC's shares decreased following the announcement of a $6 million stock repurchase plan.
Cibus (CBUS) declined by 22.24%, continuing a 4-day losing streak with a cumulative drop of 35.49% over the past 4 days. Cibus announced that King will resign as Chief Financial Officer effective September 30.
Napco Security Technologies (NSSC) tumbled by 20.49%. Fuzzy Panda Research published a report alleging accounting fraud and one-time sales boosting year-over-year growth, causing the stock to plummet.
Applied Digital (APLD) surged by 65.74%, continuing its 2-day gain, with a cumulative increase of 70.48% over the past 2 days. Applied Digital raised $160 million in funding from Nvidia and other companies.
Ryde Group (RYDE) climbed by 33.85%, marking a 4-day upward streak, amassing a 74.43% rise in the past 4 days. Ryde formed a strategic partnership with Singlife to secure passenger safety beyond just the ride.
G-III Apparel (GIII) rose by 22.00%. G-III Apparel's stock increased due to the improved earnings per share outlook and a deal with Converse.
Echostar Communications (SATS) increased by 21.05%, continuing a 2-day upward trend, with a 23.16% increase over the past 2 days. América Móvil's Latin American division completed the acquisition of Echostar Communications' mobile spectrum and prepaid subscriber base in Puerto Rico and the U.S. Virgin Islands.
Neonode (NEON) jumped by 16.11%. Neonode's stock soared after winning a reversal in an appeal case against Samsung.
Major Decliners:
China Auto Logistics (AZI) plummeted by 34.42%. The company's IPO underperformed, raising $10 million, with a market capitalization of $315 million.
Datashield (DSY) dropped by 33.01%. Datashield's stock, which was previously halted due to a circuit breaker, is now down by 39%.
Lucas GC (LGCL) fell by 25.00%. Lucas GC's shares decreased following the announcement of a $6 million stock repurchase plan.
Cibus (CBUS) declined by 22.24%, continuing a 4-day losing streak with a cumulative drop of 35.49% over the past 4 days. Cibus announced that King will resign as Chief Financial Officer effective September 30.
Napco Security Technologies (NSSC) tumbled by 20.49%. Fuzzy Panda Research published a report alleging accounting fraud and one-time sales boosting year-over-year growth, causing the stock to plummet.
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