Why Grom Social Enterprises Shares Are Trading Lower By 30%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Gainers

• Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) shares surged 85% to $2.2200. Sonoma Pharmaceuticals and EMC Pharma announced Department of Defense DAPA registration for Microcyn(R) Rx products.
• Ensysce Biosciences, Inc. (NASDAQ: ENSC) gained 60% to $1.08 after the company reported initiation of final stage of opioid overdose protection Phase 1 study.
• Plutonian Acquisition Corp. (NASDAQ: PLTNR) surged 36.5% to $0.2320.
• First Wave BioPharma, Inc. (NASDAQ: FWBI) shares jumped 36% to $6.01 after the company announced expansion of adrulipase intellectual property portfolio.
• eHealth, Inc. (NASDAQ: EHTH) gained 26.9% to $6.88 after the company raised its preliminary FY22 revenue guidance.
• Stride, Inc. (NYSE: LRN) shares gained 21.2% to $38.79 after the company announced better-than-expected Q2 results.
• Xilio Therapeutics, Inc. (NASDAQ: XLO) jumped 20.6% to $3.4962.
• Millicom International Cellular S.A. (NASDAQ: TIGO) gained 16.2% to $17.23 following a report suggesting Apollo and Marcelo Claure are exploring a buyout of the company.
• Esports Entertainment Group, Inc. (NASDAQ: GMBL) rose 15.6% to $0.1826 after jumping 88% on Tuesday. The company, last month, named Alex Igelman as Chief Executive Officer.
• GasLog Partners LP (NYSE: GLOP) gained 14.6% to $8.00. GasLog Partners is expected to report Q4 results on Jan. 26, 2023.
• Inhibikase Therapeutics, Inc. (NASDAQ: IKT) gained 13.2% to $1.03 as the company said the FDA has lifted full clinical hold on IkT-148009 in Parkinson's Disease.
• iPower Inc. (NASDAQ: IPW) gained 13% to $0.87.
• Kidpik Corp. (NASDAQ: PIK) jumped 11.5% to $1.07.
• Inpixon (NASDAQ: INPX) shares rose 10.9% to $1.7305 after gaining 6% on Tuesday. Inpixon, last month, secured a purchase order valued at over $1m for its RTLS products from a leading transportation and industrial equipment provider.
• SciSparc Ltd. (NASDAQ: SPRC) gained 9.6% to $1.04 after reporting a corporate restructuring plan.
• INVO Bioscience, Inc. (NASDAQ: INVO) surged 9.4% to $1.2689.
• Aridis Pharmaceuticals, Inc. (NASDAQ: ARDS) rose 9.4% to $0.92 after dropping 28% on Tuesday.
• Marten Transport, Ltd. (NASDAQ: MRTN) gained 8.8% to $22.39 following strong Q4 sales.
• News Corporation (NASDAQ: NWSA) gained 7.2% to $20.92 after Rupert Murdoch withdrew plans to combine the companies.

Losers

• ASAP, Inc. (NASDAQ: ASAP) fell 31.8% to $0.3965. ASAP.com & Chipotle Mexican Grill, during November, signed a major food delivery agreement.
• Grom Social Enterprises, Inc. (NASDAQ: GROM) fell 29.6% to $1.5650 after the company reported pricing of $3.0 million private placement priced at-the-market per Nasdaq rules.
• Precigen, Inc. (NASDAQ: PGEN) shares tumbled 28.5% to $1.5650 after the company reported pricing of $75.0 million public offering of common stock.
• Extreme Networks, Inc. (NASDAQ: EXTR) fell 20% to $15.45 after the company posted upbeat Q2 results. Extreme Networks also announced that CFO Rémi Thomas will leave the company.
• Verb Technology Company, Inc. (NASDAQ: VERB) dipped 17.4% to $0.1677. Verb Technology, on Tuesday, priced its $7.2 million underwritten public offering of common stock.
• Reed's, Inc. (NASDAQ: REED) fell 17.2% to $0.0762 after the company announced a reverse stock split.
• Bit Brother Limited (NASDAQ: BTB) dropped 16% to $2.4150. Bit Brother reached potential collaboration with Blockworx1 for sell price of $1.2 million.
• Helbiz, Inc. (NASDAQ: HLBZ) shares dropped 15.3% to $0.3448. Helbiz, on Tuesday, announced over 1300 pre-orders generating over $2.2 million in future sales.
• Baudax Bio, Inc. (NASDAQ: BXRX) fell 14.6% to $3.56. Baudax Bio recently announced the outcome of its first interim analysis in a Phase II trial of BX1000 for neuromuscular blockade in patients undergoing elective surgery.
• Trustmark Corporation (NASDAQ: TRMK) dropped 14.6% to $28.16 following Q4 results.
• ContraFect Corporation (NASDAQ: CFRX) fell 14.3% to $0.1018.
• Rail Vision Ltd. (NASDAQ: RVSN) dropped 14.1% to $1.2627.
• Redfin Corporation (NASDAQ: RDFN) fell 14% to $5.30.
• FREYR Battery (NYSE: FREY) dropped 13.2% to $8.60 after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $26 to $13.
• Sunrun Inc. (NASDAQ: RUN) fell 13.2% to $22.60. Barclays downgraded Sunrun from Overweight to Equal-Weight and lowered the price target from $44 to $35.
• Sterling Check Corp. (NASDAQ: STER) dipped 13% to $12.89 after Keybanc downgraded the stock from Overweight to Sector Weight.
• PolyPid Ltd. (NASDAQ: PYPD) fell 12.9% to $0.9410. PolyPid shares gained 10% on Tuesday after the company said following a recent type D meeting communication with the FDA on the SHIELD I Phase 3 data, it now has clarity regarding the regulatory pathway toward a potential NDA submission.
• Sunnova Energy International Inc. (NYSE: NOVA) declined 12.2% to $17.69. Barclays maintained Sunnova Energy Intl with an Overweight and lowered the price target from $35 to $31.
• Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) dropped 12% to $0.8279.
• enCore Energy Corp. (NYSE: EU) fell 11.5% to $2.39 after the company announced a proposed public offering.
• Stitch Fix, Inc. (NASDAQ: SFIX) dropped 9.8% to $4.14.
• Unity Software Inc. (NYSE: U) fell 7.8% to $32.23. Barclays maintained Unity Software with an Equal-Weight and raised the price target from $22 to $33.
• Zillow Group, Inc. (NASDAQ: Z) dropped 7.7% to $41.17.
• MicroCloud Hologram Inc. (NASDAQ: HOLO) shares fell 6.7% to $11.65 after declining around 4% on Tuesday.
• Intuitive Surgical, Inc. (NASDAQ: ISRG) fell 6.6% to $241.07 after the company reported weaker-than-expected results for its fourth quarter on Tuesday.
• NeuBase Therapeutics, Inc. (NASDAQ: NBSE) fell 6% to $0.2410 after dropping over 5% on Tuesday.

Also Check This Out Ethereum Falls Below This Key Level; Lido DAO Becomes Top Loser