icon
icon
icon
icon
Upgrade
upgrade
Bull&Bear | JBDI Holdings Soars 102.40% on IPO Pricing, VOXX International Surges 68.07% on Sale Speculation
AInvestTuesday, Aug 27, 2024 6:00 pm ET
1min read
JBDI --
VOXX --
Stock Highlights:

JBDI Holdings (JBDI) soared by 102.40%. JBDI Holdings announced the pricing of its initial public offering at $11.25 million.

VOXX International (VOXX) surged by 68.07%. The board of directors of VOXX International is considering strategic options, including a potential sale, leading to a significant increase in its stock price.

Hain Celestial (HAIN) rose by 18.59%, marking a three-day streak with a cumulative rise of 31.92% over the past three days. Hain Celestial reported optimistic fourth-quarter earnings, following the upward trend of other large-cap stocks such as Soleno Therapeutics and Energizer Holdings.

Delcath Systems (DCTH) increased by 15.57%, continuing a three-day ascent with a total rise of 33.93% over the last three days. Delcath Systems' stock climbed after the company published a research study by investigators in the Annals of Surgical Oncology.

Tempus AI (TEM) gained 13.15%. Precision medicine company Tempus AI expanded its AI business collaborations, doubling its stock price within the year.

Declining Stocks:

Lifecore Biomedical (LFCR) dropped by 25.24%. Lifecore Biomedical shares plummeted following the release of its Q4 financial report.

Vasta Platform (VSTA) fell by 19.49%, experiencing a three-day decline that totaled a 21.20% drop over the past three days. Vasta's stock declined after JPMorgan downgraded its rating, citing high costs and a preference for higher education stocks.

Gaotu Techedu (GOTU) decreased by 18.87%. Citi downgraded Gaotu to a sell rating and reduced its price target to $2.94.

Lumen Technologies (LUMN) slid by 14.54%, registering a two-day decline amounting to a 16.05% drop over the past two days. Kerrisdale Capital announced a short position in Lumen Technologies and released a report titled "AI Can't Fix This Mess."

GrowGeneration (GRWG) fell by 10.76%, marking a two-day decrease that accumulated a 13.48% drop over the last two days. The U.S. government announced stricter regulations on the cannabis industry, particularly focusing on the cultivation and distribution of cannabis. This policy change is expected to pose significant challenges for companies relying on cannabis-related businesses, such as GrowGeneration. Market analysts suggest that the new regulatory measures will increase operational costs and potentially reduce market demand, negatively affecting the revenue and profitability of related enterprises.

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.