Bull&Bear | Logistic Properties Leads Bullish Surge with 77% Rise; Archer Aviation Suffers 24% Drop

Generated by AI AgentAinvest Movers Radar
Monday, Dec 2, 2024 5:00 pm ET1min read

Bullish Stocks:

Logistic Properties (LPA) rose by 77.27%, marking a five-day upward streak, with a 112.66% increase over the past five days. The company has signed a lease agreement with a third-party logistics provider for a property measuring 41,226 square feet in the Park Logistic Park, priced in terms of the U.S. dollar index.

Fossil (FOSL) surged by 60.96%. Fossil announced that it has appointed global superstar Nick Jonas as its brand ambassador for 2025.

Novocure (NVCR) increased by 48.95%, experiencing a three-day rally with a 66.95% rise over the past three days. H.C. Wainwright maintained its buy rating for Novocure, raising the price target to $38.

Caravelle (HTCO) rose by 41.54%, posting gains for two consecutive days, increasing by 55.20% over the past two days. Caravelle International Group has regained compliance with the Nasdaq's minimum bid price requirement.

Microvast Holdings (MVST) increased by 39.47%. HC Wainwright & Co. reaffirmed its buy rating for Microvast Holdings, maintaining a price target of $3.

Bearish Stocks:

Archer Aviation (ACHR) declined by 23.72%. Stocks of Joby and Archer were hit hard, undergoing significant volatility.

Mynd (MYND) fell by 19.18%. Mynd.ai announced a $10 million stock buyback plan.

Vertical Aerospace (EVTL) decreased by 20.59%. Raymond James reiterated its market perform rating for Vertical Aerospace as neutral.

Unusual Machines (UMAC) dropped by 19.54%. Stocks of Joby and Archer faced severe downturns, mirrored by high volatility in the trading market.

ZenaTech (ZENA) fell by 17.97%. Despite resuming trade after being halted due to a decline, ZenaTech's stock continued to weaken, reflecting market concerns over its future performance.

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