Why Avid Bioservices Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Gainers

• Aeglea BioTherapeutics, Inc. (NASDAQ: AGLE) shares climbed 422% to $0.5572 after the company announced acquisition of Spyre Therapeutics and concurrent oversubscribed $210 million private investment positions.
• Locafy Limited (NASDAQ: LCFY) jumped 89.7% to $13.28 after the company announced an agreement with a U.S.-based media publisher to utilize "Entity-Based" Keystone SEO technology.
• TRxADE HEALTH, Inc. (NASDAQ: MEDS) gained 66% to $9.15. TRxADE HEALTH announced a 1-for-15 reverse stock split.
• ShiftPixy, Inc. (NASDAQ: PIXY) shares climbed 65% to $2.1792 after dropping 43% on Wednesday.
• Root, Inc. (NASDAQ: ROOT) shares jumped 40% to $13.59 following a Wall Street Journal report suggesting the company has received a takeover bid.
• VCI Global Limited (NASDAQ: VCIG) rose 37% to $6.79.
• NexImmune, Inc. (NASDAQ: NEXI) climbed 26.4% to $0.33.
• Barfresh Food Group, Inc. (NASDAQ: BRFH) rose 26.2% to $1.3001.
• Talaris Therapeutics, Inc. (NASDAQ: TALS) gained 26% to $2.7750 after the company and Tourmaline Bio announced a merger agreement.
• Edgio, Inc. (NASDAQ: EGIO) rose 20.1% to $0.55.
• Advanced Emissions Solutions, Inc. (NASDAQ: ADES) gained 18.4% to $1.54 following strong quarterly sales.
• Better Choice Company Inc. (NYSE: BTTR) climbed 16% to $0.28. Better Choice reported a strategic investment from Alphia of $5 million, establishing a direct manufacturing relationship.
• Oncolytics Biotech Inc. (NASDAQ: ONCY) gained 15.7% to $2.4999.
• ToughBuilt Industries, Inc. (NASDAQ: TBLT) surged 15% to $0.2981. ToughBuilt Industries recently announced the pricing of a $4.5 million public offering.
• Tempo Automation Holdings, Inc. (NASDAQ: TMPO) shares gained 14.5% to $0.4189. Tempo Automation secured $7 million convertible promissory note facility strengthening financial position and providing capital for Optimum acquisition.
• Sotera Health Company (NASDAQ: SHC) rose 14.4% to $17.16. Sotera Health finalized settlement of ethylene oxide litigation in Illinois.
• IGM Biosciences, Inc. (NASDAQ: IGMS) shares gained 12.7% to $9.98 after the company reported pricing of $107.3 million upsized public offering and concurrent private placement.
• Xcel Brands, Inc. (NASDAQ: XELB) rose 12.7% to $1.42.
• Overstock.com, Inc. (NASDAQ: OSTK) climbed 10.3% to $23.38.
• AMC Entertainment Holdings, Inc. (NYSE: APE) gained 10.3% to $1.8750 possibly in reaction to a recommendation from special master Corinne Elise Amato on the objections raised in relation to the company's proposed settlement with shareholders.
• Roivant Sciences Ltd. (NASDAQ: ROIV) climbed 10.2% to $10.50 after the company reported results from the chronic period of the TUSCANY-2 Phase 2b study of RVT-3101 in ulcerative colitis, demonstrating improved efficacy from the induction to chronic period.
• Orchestra BioMed Holdings, Inc. (NASDAQ: OBIO) gained 9.9% to $9.43.
• Ault Disruptive Technologies Corporation (NYSE: ADRT) rose 9.4% to $11.64.
• U.S. Gold Corp. (NASDAQ: USAU) rose 9.1% to $4.67.
• Super Micro Computer, Inc. (NASDAQ: SMCI) gained 8.7% to $239.16.
• Steelcase Inc. (NYSE: SCS) gained 6.5% to $7.71 as the company reported better-than-expected earnings for its first quarter.
• Commercial Metals Company (NYSE: CMC) rose 5.3% to $50.16 following strong quarterly results.

Losers

• Innovative Eyewear, Inc. (NASDAQ: LUCY) shares dropped 30.8% to $0.9621 after the company announced pricing of a $4.7 million public offering.
• AlloVir, Inc. (NASDAQ: ALVR) shares dipped 27.4% to $3.58 after the company priced a 20 million share offering at $3.75 per share.
• Advanced Health Intelligence Ltd. (NASDAQ: AHI) fell 24.9% to $1.1191. Advanced Health Intelligence shares jumped 101% on Wednesday after the company signed a Letter of Intention with UAE-Based e-script medicine management company Pharmak Pharmacy.
• Mallinckrodt plc (NYSE: MNK) dropped 20.6% to $1.2150.
• Pieris Pharmaceuticals, Inc. (NASDAQ: PIRS) dipped 18.3% to $0.2129.
• Evelo Biosciences, Inc. (NASDAQ: EVLO) fell 16.3% to $0.1339 after dropping 9% on Wednesday.
• Chemomab Therapeutics Ltd. (NASDAQ: CMMB) declined 16% to $1.2684. Chemomab Therapeutics recently reported data from secondary analysis of Phase 2a liver fibrosis trial assessing CM-101.
• InMed Pharmaceuticals Inc. (NASDAQ: INM) fell 15.8% to $1.0094 after reporting Phase 2 Epidermolysis Bullosa trial results.
• Fresh Vine Wine, Inc. (NASDAQ: VINE) dropped 15.5% to $0.2450.
• U Power Limited (NASDAQ: UCAR) shares fell 15.2% to $7.09. China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for electric vehicles (EVs) and other green cars, its biggest yet for the industry as it seeks to boost slower auto sales growth.
• P3 Health Partners Inc. (NASDAQ: PIII) dropped 14.6% to $3.7550. P3 Health Partners recently named William Bettermann as its Executive Vice President and COO.
• BioCardia, Inc. (NASDAQ: BCDA) fell 14.3% to $2.40.
• Avid Bioservices, Inc. (NASDAQ: CDMO) fell 14.1% to $13.38 after the company issued FY24 revenue guidance below estimates.
• Altice USA, Inc. (NASDAQ: ATUS) dropped 12.8% to $2.01.
• Gulfport Energy Corporation (NASDAQ: GPOR) dipped 11.3% to $95.61 after the company announced pricing of an offering of common stock by selling shareholders.
• Nautilus Biotechnology, Inc. (NASDAQ: NAUT) dropped 10.8% to $3.9408.
• Cerence Inc. (NASDAQ: CRNC) dipped 10.4% to $29.76.
• Spirit AeroSystems Holdings, Inc. (NYSE: SPR) fell 10.1% to $26.68 after the company suspended factory operations due to worker's strike.
• Soluna Holdings, Inc. (NASDAQ: SLNH) fell 9.3% to $0.1768 after gaining 5% on Wednesday.
• Methode Electronics, Inc. (NYSE: MEI) dropped 9.1% to $34.10 following weak quarterly earnings.
• iRobot Corporation (NASDAQ: IRBT) declined 8.2% to $45.40 following a report suggesting EU antitrust regulators expect to open an investigation into Amazon's proposed deal with the company.
• Hudson Pacific Properties, Inc. (NYSE: HPP) fell 7.6% to $4.3850.
• FactSet Research Systems Inc. (NYSE: FDS) tumbled 6.5% to $395.50 after the company reported third-quarter results and said it expects FY23 revenue at lower end of $2.08bn to $2.10 billion.
• Marathon Digital Holdings, Inc. (NASDAQ: MARA) dropped 5.8% to $11.50.
• DigitalOcean Holdings, Inc. (NYSE: DOCN) shares fell 4.7% to $39.40. Piper Sandler downgraded DigitalOcean Holdings from Neutral to Underweight and announced a $35 price target.

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