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

Mover TrackerMonday, Dec 2, 2024 5:00 pm ET

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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.

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.