Benzinga · Nov 17, 2022
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping around 60 points on Thursday.
The Dow traded down 0.18% to 33,491.86 while the NASDAQ fell 0.54% to 11,123.49. The S&P 500 also fell, dropping, 0.56% to 3,936.57.
Also check this: Nasdaq Drops Sharply, But Market Volatility Decreases
Leading and Lagging Sectors
Health care shares rose by 0.1% on Thursday. Leading the sector was strength from Ardelyx, Inc. (NASDAQ: ARDX) and OmniAb, Inc. (NASDAQ: OABI).
In trading on Thursday, utilities dipped by 1.8%.
Top Headline
Alibaba Group Holding Ltd (NYSE: BABA) reported better-than-expected earnings for its second quarter, while sales missed estimates. The company also announced its board approved to upsize its share repurchase program by another $15 billion.
Alibaba said third-quarter revenue increased 3% year-over-year to RMB207,176 million ($29.12 billion), which missed average analyst estimates of $29.45 billion. The China-based e-commerce company reported quarterly earnings of $1.82 per share, which beat average estimates of $1.64 per share.
Equities Trading UP
Bath & Body Works, Inc. (NYSE: BBWI) shares shot up 23% to $38.16 after the company reported better-than-expected Q3 results.
Shares of Ardelyx, Inc. (NASDAQ: ARDX) got a boost, shooting 47% to $1.7893 after the company announced the FDA Advisory Committee voted 9-to-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on ...
Benzinga · Nov 17, 2022
Gainers
Elevate Credit, Inc. (NYSE: ELVT) shares surged 71.2% to $1.8150 after the company agreed to be acquired by Park Cities Asset Management in an all-cash transaction at an implied value of $67 million.
Ardelyx Inc (NASDAQ: ARDX) shares jumped 45.1% to $1.7699 as the company said the FDA Advisory Committee voted 9-To-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis.
Satixfy Communications Ltd. (NYSE: SATX) gained 37.3% to $36.14.
Lixiang Education Holding Co., Ltd. (NASDAQ: LXEH) surged 37.2% to $3.57.
CytomX Therapeutics, Inc. (NASDAQ: CTMX) jumped 24.8% to $1.5110 after the company and Regeneron announced a strategic research collaboration in the field of conditional bispecific therapeutics for the treatment of cancer.
Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) gained 23.5% to $7.29. Kiora Pharmaceuticals dosed first patient in ABACUS Phase 1b study evaluating KIO-301 for retinitis pigmentosa.
Nano Labs Ltd (NASDAQ: NA) surged 21.8% to $1.6444 following Q3 results.
LexinFintech Holdings Ltd. (NASDAQ: LX) jumped 20.3% to $1.8888. LexinFintech Holdings posted Q3 operating revenue of RMB2,690 million.
Cartesian Growth Corporation (NASDAQ: GLBL) shares gained 19.9% to $10.32 after dropping over 15% on Wednesday.
uCloudlink Group Inc. (NYSE: UCL) jumped 19.7% to $2.30. UCLOUDLINK regained Nasdaq compliance regarding minimum market value of publicly held shares.
Ensysce Biosciences, Inc. (NASDAQ: ENSC) gained 18.2% to $3.2982. Zacks Small-Cap Research recently issued a note on the stock with a $24 valuation.
Bath & Body Works, Inc. (NYSE: BBWI) rose 18.1% to $36.77 after the company reported better-than-expected ...
Benzinga · Nov 17, 2022
U.S. stocks traded lower midway through trading, with the S&P 500 dropping around 1% on Thursday.
The Dow traded down 0.53% to 33,377.30 while the NASDAQ fell 0.85% to 11,088.75. The S&P 500 also fell, dropping, 0.96% to 3,920.64.
Also check this: Nasdaq Drops Sharply, But Market Volatility Decreases
Leading and Lagging Sectors
Health care shares fell by just 0.3% on Thursday. Leading the sector was strength from Ardelyx, Inc. (NASDAQ: ARDX) and Puma Biotechnology, Inc. (NASDAQ: PBYI).
In trading on Thursday, utilities dipped by 2%.
Top Headline
US jobless claims dropped by 4,000 to 222,000 on the week ending November 12th, compared to market estimates of 225,000.
Equities Trading UP
Bath & Body Works, Inc. (NYSE: BBWI) shares shot up 20% to $37.23 after the company reported better-than-expected Q3 results.
Shares of Ardelyx, Inc. (NASDAQ: ARDX) got a boost, shooting 37% to $1.6750 after the company announced the FDA Advisory Committee voted 9-to-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis.
Elevate Credit, Inc. (NYSE: ELVT) shares were also up, gaining 72% to $1.82 after the company agreed to be acquired by Park Cities Asset Management in an all-cash transaction at an implied value of $67 million.
Equities Trading ...
Benzinga · Nov 17, 2022
Gainers
Ardelyx Inc (NASDAQ: ARDX) shares rose 81.2% to $2.21 in pre-market trading as the company said the FDA Advisory Committee voted 9-To-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis.
Elevate Credit, Inc. (NYSE: ELVT) shares rose 65.1% to $1.75 in pre-market trading after the company agreed to be acquired by Park Cities Asset Management in an all-cash transaction at an implied value of $67 million.
Cuentas Inc. (NASDAQ: CUEN) rose 29.6% to $0.3239 in pre-market trading after dropping 28% on Wednesday. Cuentas authorized a share repurchase program.
Bath & Body Works, Inc. (NYSE: BBWI) rose 22.3% to $38.09 in pre-market trading after the company reported better-than-expected Q3 results and raised FY22 earnings forecast.
SomaLogic, Inc. (NASDAQ: SLGC) rose 14.5% to $3.08 in pre-market trading. The company recently posted upbeat Q3 results and raised FY22 revenue guidance.
The9 Limited (NASDAQ: NCTY) rose 10.8% to $0.9105 in pre-market trading. The9 is scheduled to hold its annual general meeting on December 19, 2022.
Companhia Energética de Minas Gerais (NYSE: CIG) shares jumped 10.3% to $2.14 in pre-market trading following a ...
