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Bull&Bear | JBDI Holdings Soars 49.60% Amid IPO, Autohome Drops 34.50% on Nasdaq Debut

AInvestWednesday, Aug 28, 2024 6:00 pm ET
1min read
Bullish Stocks:

JBDI Holdings (JBDI) surged by 49.60%, continuing a 2-day rally with a cumulative gain of 202.80% over the past two days. JBDI Holdings Inc. announced the completion of its $11.25 million initial public offering.

Ooma (OOMA) gained 24.94%. Lake Street maintained a buy rating on Ooma, setting a target price of $14.

Neonode (NEON) jumped 23.67%. Neonode soared after winning an appeal in its case against Samsung.

21Vianet Group (VNET) rose 18.00%. DBS Bank initiated a buy rating on 21Vianet Group with a price target of $2.5.

Telos (TLS) increased 17.09%. Telos announced that its chief partner had informed the company that the government "stop-work order" on the same contract was officially lifted, effective September 28.

Bearish Stocks:

Autohome (AZI) dropped 34.50%. Autohome debuted on Nasdaq, and its stock price fell by more than 15%.

Kanzhun Limited (BZ) fell 21.45%, declining for three consecutive days with a total drop of 22.78%. During intraday trading, U.S.-listed Chinese tech stocks weakened, with Kanzhun Limited leading the decline.

Super Micro Computer (SMCI) decreased 19.02%, marking a three-day losing streak with a cumulative decline of 27.68% over the past three days. Super Micro Computer's 10-K report submission was delayed.

Neurocrine Biosciences (NBIX) tumbled 18.87%. Jefferies maintained its buy rating on Neurocrine Biosciences but lowered its target price to $169.

Gaotu Techedu (GOTU) fell 18.43%, continuing a two-day losing streak with a total decline of 33.82% over the past two days. Gaotu Techedu reported a net loss for the fourth consecutive quarter, with operating expenses increasing by 144% in the second quarter.

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.