Bull&Bear | ZenaTech and Quantum Corp Soar as Cassava Sciences Plummets Amid Market Shifts

Mover TrackerMonday, Nov 25, 2024 5:00 pm ET

1min read

Rising Stocks:

ZenaTech (ZENA) surged by 258.66%, marking a five-day continuous rise and a 342.76% increase over the past five days. The rise in ZenaTech's stock occurred after the company announced the signing of definitive agreements with its supply chain to sell its ZenaDrone 1000 AI drone solutions to U.S. defense stocks and NATO forces.

Quantum Corporation (QMCO) surged 138.44%, continuing a five-day upward trend with a 635.47% increase in the past five days. Quantum's stock rose after Amazon announced the launch of its Quantum Open program.

Rigetti Computing (RGTI) rose by 57.47%, continuing to climb for five consecutive days, reflecting a 110.77% increase over the five-day span. Rigetti announced the successful completion of a $100 million market equity offering, with plans to use the proceeds for working capital, capital expenditures, and advancements in superconducting quantum computing technology.

Vertical Aerospace (EVTL) increased by 45.51%. Vertical Aerospace soared as $50 million in funding and debt conversion propels the electric vertical take-off and landing (eVTOL) aircraft producer forward. The company has finalized an agreement under which Mudrick Capital will commit up to $50 million in the forthcoming round of equity financing.

Yunxuetang (YXT) went up by 45.85%. In breaking news, Luxiaoyan reported on September 30th, filing SEC documentation for holding 14.8% passive ownership in Yunxuetang Ltd.

Falling Stocks:

Cassava Sciences (SAVA) dropped by 83.78%, continuing a two-day decline with an 86.65% decrease over two days. Martin Shkreli advised investors to short Cassava Sciences after the company's stock plummeted by over 80% following an update in its Phase 3 clinical trials.

Nano Nuclear (NNE) decreased by 22.89%. Nano Nuclear Energy announced a $60 million private placement with three qualified institutional investors.

Elong Power (ELPW) fell by 22.27%, marking a two-day consecutive decline. Haopeng Technology's subsidiary, ELong Power, went public in the U.S. ELong Power's stock decreased on its first day of listing on Nasdaq due to a SPAC transaction.

Uxin Ltd. (UXIN) declined by 19.49%. Uxin’s stock saw upward movement after the company announced a 3.2-million-ton purchase and sales agreement with Volkswagen.

Quantum-Si (QSI) slumped by 15.43%. Quantum-Si's share price fell following the release of its next-generation proteomics platform.

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