Knowing stock market today at a glance

Bull&Bear | Stocks Soar with Tevogen, Spirit, and Stride; Alto Neuroscience Plummets

Mover TrackerWednesday, Oct 23, 2024 6:00 pm ET

1min read

In the realm of high-performing stocks, Tevogen Bio Holdings (TVGN) saw a significant rise of 54.04%. The boost came after Tevogen Bio’s announcement of its revenue forecast for its specialized care pipeline, projecting nearly $1 billion in revenue in the first year and an estimated cumulative $18 billion over five years.

Spirit Airlines (SAVE) experienced a surge of 45.97% amid reports of renewed merger talks with Frontier Airlines. This speculation has invigorated investor interest and driven up the stock price.

Stride (LRN) climbed by 39.11% following better-than-expected financial results for the first fiscal quarter. Reacting to this positive outcome, Barrington Research raised its price target for Stride from $90.00 to $100.00, maintaining a strong performance rating.

Sangamo Therapeutics (SGMO) increased by 27.27%, marking a consecutive two-day rise totaling 68.67%. The company’s stock received an optimistic rating, projecting a potential value up to $5.

Upwork (UPWK) saw a rise of 26.67%, sustained over two consecutive days. The notable increase followed the announcement of a third-quarter net profit of $28 million, sparking investor interest.

Conversely, in the bear market, Alto Neuroscience (ANRO) plummeted by 69.99%. The decline was triggered by the failure of its mid-stage depression trial to meet primary endpoints, raising concerns about the company's platform among analysts.

Constellium (CSTM) fell by 28.13% after reporting third-quarter earnings per share of $0.02, missing the anticipated $0.38, with sales dropping to $1.8 billion against a forecasted $1.94 billion.

Triller Group (ILLR) declined by 23.71% over a two-day span, accumulating a total drop of 30.85%. The stock's downward trend occurred amid the resumption of trading activities.

Veritone (VERI) decreased by 20.17% following the sale of its media agency, Veritone One, to Insignia Capital.

Nextera Energy Partners (NEP) experienced a decline of 16.26%, totaling a three-day drop of 19.78%. This drop was influenced by a substantial transition from profit to loss in the third quarter, affecting investor sentiment.

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