Bull&Bear | Mercurity Fintech and Bitcoin Depot Lead Bullish Surge Amidst Market Volatility

Mover TrackerMonday, Nov 11, 2024 5:00 pm ET

1min read

In the realm of bullish stocks, Mercurity Fintech (MFH) experienced a remarkable surge of 82.17%. The stock saw significant movement during the day with major gains in the afternoon session.

Bitcoin Depot (BTM) rose by 52.30%, marking a consistent upward trend over five consecutive days, accumulating a 5-day gain of 80.27%. The company has announced plans for a conference call scheduled for the third quarter of 2024, specifically on November 13th at 10:00 AM Eastern Time.

WeRide (WRD) saw an impressive 45.10% climb. It stood out as the only autonomous driving company to be featured on the 2024 list of China’s Most Admired Companies by Fortune.

Canaan Inc. (CAN) reported a gain of 41.27%. The company announced a mining agreement with HIVE Digital Technologies under which Canaan will supply 6,500 units of its A1566 model miners to enhance HIVE's Bitcoin mining capacity.

Amprius Technologies (AMPX) experienced a substantial rise of 41.62%, continuing a three-day streak during which its stock climbed 94.44%. The upward momentum followed the release of a better-than-expected third-quarter financial report from the company.

On the other hand, in the realm of bearish stocks, Sapiens International (SPNS) saw a significant decline of 26.21% over the course of two days, making this the largest percentage drop since October 2008.

Valhi Inc. (VHI) shares fell by 23.80%, representing its largest percentage decrease since March 2020.

Phathom Pharmaceuticals (PHAT) experienced a two-day drop of 22.66%, culminating in a 29.51% decline over the same period. This was due to the company's financial performance in the third quarter of 2024, which fell short of market expectations.

Tredegar Corporation (TG) reported a GAAP earnings per share of -$0.11 on operating revenue of $115.71 million, resulting in a decline of 20.27% in its stock price.

TaskUs (TASK) saw its share value decrease by 18.59%. The company's strategic investments led to revenue growth, although pressures on profitability prompted analyst James Faucette to issue a hold rating on the stock.

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