Bull&Bear | Tech and Pharma Stocks Surge While Insurance and Auto Face Declines

Mover TrackerMonday, Sep 30, 2024 6:00 pm ET

1min read

In the realm of rising stocks, Tree Cloud (DSY) surged by 77.78% as its trading resumed. The potential for further movement in this stock could attract future investment interest.

Hapu Group (HPH) witnessed an increase of 68.07%, marking a three-day streak and a cumulative rise of 99.38% over the past three days. Analysts suggest that Hapu Group could significantly benefit this quarter, positioning it among the top three financial stocks to watch.

Capricor (CAPR) rose by 52.86% following the announcement of its new FDA plans, which have drawn substantial interest from institutional investors. The move is expected to enhance the company's market potential and growth prospects significantly.

Alpha Technology (ATGL) increased by 52.02%, continuing a four-day upward trend with a total increase of 369.85%. The company reported the successful integration following its initial public offering, further bolstering investor confidence.

TTEC Holdings (TTEC) climbed by 44.94% over three days with a cumulative increase of 52.47%. A high-priced buyout proposal from its founder has strongly reaffirmed its buying potential.

On the downside, Heritage Insurance (HRTG) fell by 21.12%, continuing a three-day decline with a total three-day decrease of 26.21%. The downturn occurred as Relation Insurance Services completed the acquisition of Carolina Heritage Insurance, Inc.

Prothena (PRTA) experienced a drop of 16.56%, extending a four-day decline with a total decrease of 24.02%. The departure of the Chief Medical Officer contributed to a 19% plunge in stock value, marking the largest percentage drop since March 2020.

DigiAsia (FAAS) saw a decline of 15.58%. The company is set to be acquired by PayMate for $400 million, with plans to enter the Indian market.

Prime Guardian Holdings Ltd (PGHL) dipped by 15.20% after Primega Group filed a secondary offering registration statement, resulting in a total decline of 43.4%.

Stellantis (STLA) dropped by 12.55% after recalling 190,000 plug-in hybrid Jeep Wrangler and Grand Cherokee vehicles due to fire risk concerns.

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.