Knowing stock market today at a glance

Bull&Bear | Monte Rosa and Porch Group Lead the Charge in Market Gains

Mover TrackerMonday, Oct 28, 2024 6:00 pm ET

1min read

Top Gainers:

Monte Rosa (GLUE) surged by 93.87%, marking a three-day gain of 94.66%. Monte Rosa Therapeutics has entered a global licensing agreement with a major pharmaceutical company to advance Vav1-directed molecular glue degraders that regulate T and B cells.

Porch Group (PRCH) increased by 70.31%. Porch Group announced the approval from the Texas Department of Insurance to establish and license Porch Insurance Mutual Exchange, a new homeowner's insurance mutual. This approval is considered a significant milestone.

Sangamo Therapeutics (SGMO) rose by 36.00%, continuing a two-day increase of 36.91%. Shareholders have confidence in the loss-making Sangamo Therapeutics, as the stock price rose by 55% over the past week, achieving a one-year gain of 221%.

PROCEPT BioRobotics (PRCT) climbed 32.33%, with a two-day gain of 36.17%. Procept BioRobotics anticipates 2024 revenue to be between $222.5 million and $223 million, previously forecasted at $217 million, with consensus at $217.64 million.

Triller Group (ILLR) advanced by 30.87%, continuing a two-day rise of 30.87%. Triller Group has appointed Kevin McGurn as CEO.

Top Losers:

Dogness (DOGZ) dropped by 17.63%, continuing a two-day decline of 17.72%. The 42% spike in Dogness's stock appears illogical, potentially impacted by overall market weakness and rising treasury yields, leading to a general downturn in sector shares.

Philips (PHG) fell by 15.95%, with a two-day decrease of 17.30%. Philips's third-quarter sales unexpectedly declined, prompting the company to lower its full-year sales forecast.

Alarum Technologies (ALAR) decreased by 12.84%. Alarum Technologies had its price target lowered by a financial institution to $28 from $42. Although the buy rating was maintained, the reduced target negatively impacted the stock price.

Ritter Logistics Technology (RITR) declined by 10.90%. Ritter Logistics Technology released a 6-K foreign issuer report indicating uncertainties in company performance.

Nuvectis Pharma (NVCT) dropped by 10.50%. Nuvectis Pharma announced a presentation on NXP900 at the 2024 AACR International Conference on Molecular Targets and Cancer Therapeutics.

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.