Why PolyPid Dropped Over 73%; Here are 60 Biggest Friday Movers

by , editor of Benzinga

September 6, 2022 2:55 a.m. | 8 minute read

Winners Venus Concept Inc. VERO jumped 54.9% to settle at $0.5419 on Friday. The company last month released disappointing quarterly results. PaxMedica, Inc. PXMD ​​climbed 47.7% to settle at $5.17 on Friday. PaxMedica's executive chairman, director Michael Derby, reported in Form 4 the purchase of 95,000 shares at $5.25 per share. Sunrise New Energy Co., Ltd. EPOW gained 31.5% to close at $2.80. Wheeler Real Estate Investment Trust, Inc. WHLR jumped 26.9% to close at $2.65. Rubius Therapeutics, Inc. RUBY gained 23.4% to close at $0.9254. The company last month posted a lower-than-expected quarterly loss. Pear Therapeutics, Inc. PEAR jumped 21.7% to close at $2.13. Bright Minds Biosciences Inc. DRUG rose 21.4% to close at $1.93. Bright Minds Biosciences recently initiated the assay in the Phase I clinical trial of BMB-101 for Dravet Syndrome. Shares of NewAge, Inc. NBEV jumped 21.3% to close at $0.1482 on Friday on continued volatility after the company recently announced it had filed a voluntary request for relief under of Chapter 11 of the United States Bankruptcy Code. The stock rebounded after trading lower on Thursday. Liquidia Corporation LQDA gained 20.6% to close at $5.86. Needham held Liquidia with a buy and raised the price target from $12 to $16. Reviva Pharmaceuticals Holdings, Inc. RVPH jumped 18.8% to close at $2.66. Forza X1, Inc. FRZA jumped 18.1% to close at $4.39. United Maritime Corporation USEA rose 17.4% to close at $1.42 after the company announced a $3 million buyout plan. Hollysys Automation Technologies Ltd. HOLI jumped 16.5% to close at $19.76. A consortium led by China's Hollysys Automation management is aiming to take the U.S.-listed automation and control systems maker private in a deal worth $1.8 billion, reported Reuters. TScan Therapeutics, Inc. TCRX jumped 16.4% to close at $3.27. TScan Therapeutics last month posted a loss of $0.63 per share in the second quarter. Rain Therapeutics Inc. RAIN rose 15.8% to settle at $5.50. Aurora Innovation, Inc. AUR gained 15.2% to close at $2.43 after the company's CEO said a takeover from Apple or Microsoft was "potentially attractive" Werewolf Therapeutics, Inc. HOWL jumped 14% to close at $6.93 after the company launched patient dosing in its Phase 1/1b trial of WTX-124 on Thursday. DBV Technologies S.A. DBVT jumped 12.9% to close at $2.18. DBV Technologies last month posted a second-quarter loss of $0.35 per share. Borr Drilling Limited BORR rose 12.6% to close at $4.46. Shares of several energy companies traded higher as investors await an OPEC+ meeting next week, at which an oil production cut could be discussed. Smartsheet Inc. SMAR gained 10.8% to close at $34.16 after the company reported better-than-expected second-quarter sales results. Cheetah Mobile Inc. CMCM shares gained 10.5% to close at $3.70 following the effectiveness of its 1-for-5 reverse split. nCino, Inc. NCNO climbed 9.5% to close at $32.16 after the company reported better-than-expected earnings...