Bull&Bear | TenX Keane Surges 192.93%, Leading Bullish Stocks; TELUS International Drops 20%, Headlines Bearish Sector
Monday, Aug 5, 2024 6:00 pm ET
1min read Bullish Stocks:
TenX Keane (TENK) surged by 192.93%, marking a three-day rally with a cumulative gain of 234.20% over the past three days. The trading of TenX Keane stock was halted due to a significant price increase, with the stock price already up by 49.5%.
Hamilton Beach (HBB) rose by 28.40%. Hamilton Beach Brands reported second-quarter earnings of $0.42 per share, a significant improvement from $0.01 per share in the same period last year. Sales increased to $156.24 million, up from $137.11 million in the previous year.
Thoughtworks (TWKS) climbed by 27.14%. Technology consulting firm Thoughtworks was privatized by Apax for over $1.7 billion.
CervoMed (CRVO) advanced by 25.40%. CervoMed's report indicated that plasma biomarker data showed Neflamapimod reduced GFAP levels.
Zevra (ZVRA) increased by 25.08%, continuing a two-day rally with a total gain of 25.08% over the last two days. The FDA expert panel supported Zevra's Arimoclomol for the treatment of rare genetic disorders. Analysts pointed out that the company boasts a balanced product portfolio and a robust pipeline focused on rare diseases.
Bearish Stocks:
Stardust Power (SDST) fell by 21.67%. Concerns over the U.S. economy led to lower stock prices across the industrial sector. A potential economic slowdown may impact demand.
TELUS International (TIXT) dropped by 20.00%, marking a three-day decline with a cumulative loss of 50.89% over the past three days. Shares of TELUS International fell after RBC Capital downgraded the stock from "Outperform" to "Sector Perform," and several companies reduced their price targets. The company recently reported disappointing financial results for Q2.
Shimmick (SHIM) decreased by 20.24%. Concerns over the U.S. economy led to lower stock prices across the industrial sector. A potential economic slowdown may impact demand.
Nano Nuclear (NNE) fell by 18.09%, marking a six-day decline with a cumulative loss of 50.96% over the past six days. The world's largest uranium producer raised its production forecast, leading to a sudden drop in uranium stocks.
Nuburu (BURU) declined by 18.60%. Nuburu announced the resumption of its stock trading on the New York Stock Exchange American.
TenX Keane (TENK) surged by 192.93%, marking a three-day rally with a cumulative gain of 234.20% over the past three days. The trading of TenX Keane stock was halted due to a significant price increase, with the stock price already up by 49.5%.
Hamilton Beach (HBB) rose by 28.40%. Hamilton Beach Brands reported second-quarter earnings of $0.42 per share, a significant improvement from $0.01 per share in the same period last year. Sales increased to $156.24 million, up from $137.11 million in the previous year.
Thoughtworks (TWKS) climbed by 27.14%. Technology consulting firm Thoughtworks was privatized by Apax for over $1.7 billion.
CervoMed (CRVO) advanced by 25.40%. CervoMed's report indicated that plasma biomarker data showed Neflamapimod reduced GFAP levels.
Zevra (ZVRA) increased by 25.08%, continuing a two-day rally with a total gain of 25.08% over the last two days. The FDA expert panel supported Zevra's Arimoclomol for the treatment of rare genetic disorders. Analysts pointed out that the company boasts a balanced product portfolio and a robust pipeline focused on rare diseases.
Bearish Stocks:
Stardust Power (SDST) fell by 21.67%. Concerns over the U.S. economy led to lower stock prices across the industrial sector. A potential economic slowdown may impact demand.
TELUS International (TIXT) dropped by 20.00%, marking a three-day decline with a cumulative loss of 50.89% over the past three days. Shares of TELUS International fell after RBC Capital downgraded the stock from "Outperform" to "Sector Perform," and several companies reduced their price targets. The company recently reported disappointing financial results for Q2.
Shimmick (SHIM) decreased by 20.24%. Concerns over the U.S. economy led to lower stock prices across the industrial sector. A potential economic slowdown may impact demand.
Nano Nuclear (NNE) fell by 18.09%, marking a six-day decline with a cumulative loss of 50.96% over the past six days. The world's largest uranium producer raised its production forecast, leading to a sudden drop in uranium stocks.
Nuburu (BURU) declined by 18.60%. Nuburu announced the resumption of its stock trading on the New York Stock Exchange American.