Bull&Bear | Bright Minds and D-MARKET Lead Gains; MGP Ingredients Faces Sharp Decline
On Bullish Stocks:
Bright Minds (DRUG) surged 117.56%. Shareholders of Bright Minds Biosciences increased their holdings by 422,600 common shares, valued at approximately $3.234 million.
D-MARKET Electronic (HEPS) rose 59.55%, marking a four-day streak with a total increase of 63.26% over the period. Hepsiburada announced an agreement with Kaspi.kz for the sale of all its Class A and Class B shares by the founder and related parties.
Lightbridge (LTBR) increased by 57.53%. Lightbridge President and CEO Seth Grae stated in an interview that the company's stock price soared due to the strong global demand for nuclear energy.
Bridger Aerospace (BAER) climbed by 35.78%, continuing a four-day rise with an overall gain of 47.89% over the period. Canaccord Genuity maintained a buy rating on Bridger Aerospace, keeping the target price at $5.25.
Mintonghong Group (ORIS) rose 29.17%, with a two-day increase totaling 93.75%. Mintonghong entered the U.S. stock market with an IPO priced at $4 per share, and the stock price surged after opening.
On Bearish Stocks:
MGP Ingredients (MGPI) dropped 24.16%. The stock declined by 25.6% following the release of poor preliminary third-quarter results and a downward revision of the annual outlook.
Acadia Healthcare (ACHC) fell 12.29%. Shares of Acadia Healthcare decreased due to reports of an investigation by the Department of Veterans Affairs into insurance fraud allegations, concerning the detention of patients without medical justification by the large psychiatric hospital chain.
Astronics (ATRO) declined by 9.65%. Truist reduced Astronics' target price from $22 to $20 while maintaining a hold rating.
agilon health (AGL) dropped 9.70%. Evercore ISI Group sustained its consensus opinion on Agilon Health, lowering the target price to $4.
Fabrinet (FN) decreased by 8.94%. Insiders at Fabrinet sold $25 million worth of stocks, potentially indicating a cautious outlook.