Why Ultragenyx Pharmaceutical Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) fell sharply during Monday’s session after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms.

Ultragenyx Pharmaceutical shares dipped 9.4% to $42.46 on Monday.

Here are some other stocks moving in today's mid-day session.

Gainers

• Soligenix, Inc. (NASDAQ: SNGX) shares surged 71.5% to $0.6679 after the company announced that it was granted orphan drug designation to the active ingredient in MarVax for the prevention and post-exposure prophylaxis against MARV infection by the FDA.
• Longeveron Inc. (NASDAQ: LGVN) surged 54% to $2.6350 following insider buys from multiple company executives.
• SuperCom Ltd. (NASDAQ: SPCB) shares gained 39.4% to $0.3849 after jumping around 18% on Friday.
• Piedmont Lithium Inc. (NYSE: PLL) shares gained 32.1% to $16.75 following a 5% decline on Friday.
• Snap One Holdings Corp. (NASDAQ: SNPO) surged 31.6% to $10.71 after the company announced that it will be acquired by Resideo Technologies.
• Organovo Holdings, Inc. (NASDAQ: ONVO) shares surged 30.9% to $1.32 after the company announced Phase 2 results for FXR314. Study results demonstrated statistically significant reduction in liver fat content from baseline in patients receiving FXR314 compared to placebo.
• Kuke Music Holding Limited (NASDAQ: KUKE) jumped 27% to $2.7650.
• HUB Cyber Security Ltd. (NASDAQ: HUBC) gained 24% to $1.61 after gaining over 11% on Friday.
• Edgio, Inc. (NASDAQ: EGIO) gained 24% to $22.18.
• Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) surged 23.6% to $3.30.
• Envoy Medical, Inc. (NASDAQ: COCH) gained 22.6% to $6.19.
• Medical Properties Trust, Inc. (NYSE: MPW) rose 19.9% to $4.7850 after the company announced that it sold its majority interest in Utah Hospitals.
• CareMax, Inc. (NASDAQ: CMAX) climbed 19.5% to $3.78.
• SES AI Corporation (NYSE: SES) surged 18.7% to $1.77.
• Mobile-health Network Solutions (NASDAQ: MNDR) gained 17.7% to $17.67.
• Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) rose 16.7% to $2.72.
• ProKidney Corp. (NASDAQ: PROK) gained 16.7% to $2.0426.
• Biotricity, Inc. (NASDAQ: BTCY) rose 16.5% to $1.34.
• Yatsen Holding Limited (NYSE: YSG) gained 13.3% to $3.41.
• Destiny Tech100 Inc. (NASDAQ: DXYZ) shares gained 12.8% to $32.71 after dipping 42% on Friday.
• Encore Wire Corporation (NASDAQ: WIRE) surged 11.7% to $291.60 after the company entered an agreement to be acquired by Prysmian for $290 per share in cash.
• Century Aluminum Company (NASDAQ: CENX) gained 9.5% to $18.05.
• Extreme Networks, Inc. (NASDAQ: EXTR) gained 5.7% to $11.31. B. Riley Securities analyst Dave Kang upgraded Extreme Networks from Neutral to Buy and maintained a $14 price target.

Losers

• Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) shares dipped 77% to $1.6800 after the company provided an update on the Phase 3 RAISE trial and reported preliminary Q1 financial results.
• Swvl Holdings Corp. (NASDAQ: SWVL) fell 35% to $8.58.
• VIA optronics AG (NASDAQ: VIAO) dipped 34% to $0.2765.
• Veru Inc. (NASDAQ: VERU) fell 24% to $1.1550. Oppenheimer analyst Leland Gershell reiterated Veru with an Outperform and lowered the price target from $7 to $5.
• Rent the Runway, Inc. (NASDAQ: RENT) dipped 19.8% to $15.42.
• NextPlat Corp (NASDAQ: NXPL) fell 19.8% to $1.50 after jumping 24% on Friday. The company entered into a definitive business combination agreement with its majority-owned subsidiary Progressive Care Inc.
• Cyngn Inc (NASDAQ: CYN) shares fell 19.1% to $0.1170 after declining around 7% on Friday.
• ProMIS Neurosciences, Inc. (NASDAQ: PMN) fell 15.6% to $1.95.
• Biohaven Ltd. (NASDAQ: BHVN) dipped 15.4% to $44.90. Biohaven showcased innovative neuroscience portfolio with 20 presentations at the 2024 AAN Annual Meeting.
• Neumora Therapeutics, Inc. (NASDAQ: NMRA) shares declined 15.1% to $11.48 after the FDA placed a clinical hold on the company's Phase 1 NMRA-266 study.
• Alterity Therapeutics Limited (NASDAQ: ATHE) dipped 15% to $2.49.
• Surf Air Mobility Inc. (NASDAQ: SRFM) fell 15% to $0.53.
• IM Cannabis Corp (NASDAQ: IMCC) fell 14.2% to $0.5399.
• Polestar Automotive Holding Uk Plc (NASDAQ: PSNY) fell 12.7% to $1.2699. On Friday, Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $5 price target.
• Desktop Metal, Inc. (NYSE: DM) fell 10.8% to $0.8510.
• Local Bounti Corporation (NYSE: LOCL) declined 10.2% to $2.1550.
• Q32 Bio Inc. (NASDAQ: QTTB) fell 10% to $26.00.
• SunPower Corporation (NASDAQ: SPWR) fell 8.3% to $2.2750.
• Informatica Inc. (NASDAQ: INFA) dipped 8.1% to $35.36 amid increased volatility following reports suggesting Salesforce is in talks to buy the company.
• TRACON Pharmaceuticals Inc (NASDAQ: TCON) declined 8.1% to $2.1699 after falling around 9% on Friday.
• NOVONIX Limited (NYSE: NVX) declined 7.2% to $2.63.
• AudioEye, Inc. (NASDAQ: AEYE) fell 6.6% to $12.86 after declining around 7% on Friday.
• OncoCyte Corp (NASDAQ: OCX) fell 6.6% to $2.5301. Oncocyte announced a transplant assay partnership agreement with Bio-Rad laboratories.
• BlackBerry Limited (NYSE: BB) fell 6.1% to $2.8650.

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