Bull&Bear | Retail and Tech Stocks Surge Amid Legal Wins and Market Debuts

Gainers:

The Children's Place (PLCE) surged by 42.51%. The stock price of The Children’s Place soared to a six-month high as retail and consumer stocks rallied following better-than-expected consumer sentiment data. Strong earnings from RH may also have bolstered consumer spending sentiment.

Neonode (NEON) rose by 35.15%, marking a seven-day streak with a 77.91% increase over this period. Neonode surged after winning an appeal for reversal in the case against Samsung, sparking investor interest.

XCharge (XCH) increased by 34.38%, continuing a two-day rise amounting to 40.51% over these days. XCharge successfully launched on Nasdaq, with shares jumping nearly 80% on the first day of trading.

Laser Photonics (LASE) climbed by 27.93%, continuing a two-day rally with a 41.50% increase over this time. The stock price of Laser Photonics rose after the company announced an order for DefenseTech laser cleaning tools from Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility.

Dada (DADA) increased by 21.70%. Dada Group shares rose following a positive Q2 earnings report. The stock continued to gain momentum after Citigroup upgraded its rating from sell to neutral.

Decliners:

Primoris Services Corporation (PGHL) fell by 36.30%. The company faced a significant net profit drop of 40%, and its efforts to secure funding in the U.S. market met with skepticism.

Fitell (FTEL) decreased by 16.93%. Wolfpack Research posted on X that they continue to short Fitell, citing high volatility but underscoring the investment's worth. They also referenced SWVL as an example of a micro-cap short position.

Accuray (ARAY) declined by 12.84%, continuing a two-day downturn with a 13.24% drop over this period. The decline followed an announcement that Accuray's President and CEO, Suzanne Winter, will take a medical leave of absence.

Nano Nuclear (NNE) dropped by 12.44%, marking a two-day decrease of 18.65%. Nano Nuclear was selected for inclusion in the Russell 3000 Index effective as of September 23, 2024, following a quarterly review and its recent IPO.

Mereo Biopharma (MREO) decreased by 12.22%. Shares of Mereo Biopharma Group plunged more than 9%, marking the largest percentage decrease since August 2023.