Bull&Bear | Tevogen Bio Leads Surge with 320% Gain Amidst Diverse Stock Movements
AInvestMonday, Oct 14, 2024 6:00 pm ET
1min read
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In the realm of high-performing stocks, Tevogen Bio Holdings (TVGN) surged by 187.14%, marking a three-day increase of 320.36%. Tevogen Bio has announced plans to unveil its pipeline portfolio with over $1 billion in revenue potential starting from October 14, 2024.

Rani Therapeutics (RANI) rose by 57.43%, despite a price target reduction to $9 by an HC Wainwright analyst who maintained a buy rating for the company.

Longboard Pharmaceuticals (LBPH) saw a 51.65% increase, with shares climbing steadily for three days, resulting in a 76.83% gain. This surge is attributed to a broader market rally, with the Dow Jones index soaring by over 200 points.

Inventiva (IVA) gained 41.27%, continuing its three-day rise to a total of 61.92%. The French pharmaceutical company earned a buy rating from Stifel, with analysts optimistic about its liver disease treatment developments.

In China, Dashu Cloud (DSY) increased by 38.52% following the People's Bank of China's announcement to expedite financial policy implementations, aiming for comprehensive policy execution.

On the flip side, Future Group (TWG) experienced a steep decline of 35.57% due to a financial fraud scandal denting investor confidence and concerns over its future profitability, exerting massive pressure on its stock price.

Tiger Broker (TIGR) fell by 15.20%. Despite a 32% year-on-year revenue increase in Q2, the company faced significant net profit reductions.

Agora (API) dropped by 10.12% after opting for Wormhole as the core interoperability solution for the AUSD stablecoin.

Xpeng Motors (XPEV) decreased by 9.77% amid weakened trading of U.S.-listed Chinese stocks due to uncertainty surrounding fiscal stimulus measures.

Torrid Holdings (CURV) saw a decline of 9.46% as the company faced turbulence following the dismissal of its Chief Creative Officer, which impacted investor sentiment negatively.

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.