Why Surgalign Holdings Shares Are Trading Lower By Around 75%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Gainers

• Airspan Networks Holdings Inc. MIMO shares gained 79.5% to $0.2740.
• Evelo Biosciences, Inc. EVLO shares jumped 70.3% to $0.2044. Evelo Biosciences shares jumped around 45% on Friday after the company won U.S. Patent for prebiotic compositions and methods of use thereof for modulation of the microbiome.
• VCI Global Limited VCIG gained 46.9% to $4.1585 after the company announced it has been appointed by Cogia GmbH to distribute its AI-based "Socializer Messenger."
• DICE Therapeutics, Inc. DICE shares jumped 37.7% to $46.62 after Eli Lilly agreed to acquire the company for $48 per share in cash.
• EBET, Inc. EBET shares surged 31.7% to $0.2524. EBET said Aspire shut down activities in Germany on May 7.
• Jin Medical International Ltd. ZJYL gained 25.1% to $11.54.
• iCAD, Inc. ICAD surged 23% to $1.4427.
• Lyra Therapeutics, Inc. LYRA rose 18.4% to $3.5898.
• Cingulate Inc. CING gained 17.9% to $0.9898.
• Biofrontera Inc. BFRI shares rose 17.7% to $0.5169. Biofrontera recently started a contract manufacturer development of a portable photodynamic therapy lamp for use with Ameluz-PDT.
• BranchOut Food Inc. BOF climbed 17% to $5.19 after the company announced a supplier contract with Walmart.
• Quotient Technology Inc. QUOT surged 16.3% to $3.8950 after the company announced it will combine with Neptune Retail Solutions.
• FingerMotion, Inc. FNGR gained 16.3% to $2.34.
• Materialise NV MTLS rose 14.4% to $8.78.
• Olema Pharmaceuticals, Inc. OLMA gained 13.7% to $8.91.
• Valneva SE VALN climbed 12.6% to $16.65.
• Cano Health, Inc. CANO rose 12.1% to $1.4007 after the company announced Dr. Marlow Hernandez agreed to step down as CEO, and has appointed Mark Kent as interim CEO.
• Nuwellis, Inc. NUWE shares gained 11% to $3.2495 after the company announced a pilot agreement with DaVita.
• Forge Global Holdings, Inc. FRGE climbed 10.8% to $2.03.
• Lumentum Holdings Inc. LITE jumped 10.1% to $63.62.
• Surmodics, Inc. SRDX gained 10% to $27.60. The FDA has approved Surmodics SurVeil drug-coated balloon (DCB), a next-generation device for peripheral artery disease.
• Lilium N.V. LILM rose 9.4% to $1.39. Lilium signed an agreement with Heli-Eastern for the purchase of Lilium Jets and the development of premium eVTOL services in China.
• SunCar Technology Group Inc. SDA shares climbed 8.1% to $23.75 after gaining around 4% on Friday.
• Nikola Corporation NKLA shares 7.4% to $1.2785 after the company provided an update on its business optimization efforts. Late Friday, Nikola said it plans to streamline its operations and decrease its cash spend in order to continue to optimize its business.

Losers

• Surgalign Holdings, Inc. SRGA dipped 74.8% to $0.3081 after the company filed for Chapter 11 bankruptcy.
• Dragonfly Energy Holdings Corp. DFLI shares fell 46.4% to $1.50 after the company priced 10 million shares at $2 per share in an underwritten public offering.
• Faraday Future Intelligent Electric Inc. FFIE dropped 29.3% to $0.3179 after the company announced it filed for approval to issue a Class A common stock and/or warrants offering up to $300 million. The company also announced a reverse stock split and said it would defer the second delivery phase of its limited edition FF 91 2.0 Futurist Alliance.
• Sarcos Technology and Robotics Corporation STRC shares fell 24% to $0.3646. Sarcos announced a 1-for-6 reverse stock split.
• Gracell Biotechnologies Inc. GRCL fell 23% to $3.77.
• Local Bounti Corporation LOCL dropped 17.5% to $3.7350.
• China Jo-Jo Drugstores, Inc. CJJD dipped 16.1% to $0.4449.
• Fresh Tracks Therapeutics, Inc. FRTX dropped 15.4% to $0.6775.
• Lordstown Motors Corp. RIDE dipped 12.8% to $3.65.
• Cyclacel Pharmaceuticals, Inc. CYCC fell 12.5% to $0.6645 after adding 13% on Friday.
• 22nd Century Group, Inc. XXII fell 12.3% to $0.4109. 22nd Century will secure $5.3 million via registered direct offering priced above market.
• Infinity Pharmaceuticals, Inc. INFI fell 11.8% to $0.2100 after jumping over 32% on Friday.
• Gaotu Techedu Inc. GOTU dropped 11.3% to $3.21.
• Noah Holdings Limited NOAH fell 11.3% to $14.60.
• Canoo Inc. GOEV dropped 10.4% to $0.5910.
• GDS Holdings Limited GDS declined 10.3% to $11.97.
• TAL Education Group TAL dropped 9.7% to $5.88.
• Novonix Limited NVX declined 9.3% to $2.9586.
• Novavax, Inc. NVAX dropped 9.2% to $7.30.
• Arcellx, Inc. ACLX fell 9.1% to $32.54 after the company reported clinical hold for its iMMagine-1 Phase 2 clinical program.
• DRDGOLD Limited DRD dropped 8.1% to $11.48.
• EdtechX Holdings Acquisition Corp. II EDTX dropped 8% to $24.00.
• HUYA Inc. HUYA fell 7.8% to $3.7150.
• SolarEdge Technologies, Inc. SEDG dropped 7.7% to $255.37.
• DouYu International Holdings Limited DOYU fell 7.2% to $1.03.
• Alibaba Group Holding Limited BABA shares dropped 4.6% to $87.83 after it announced Eddie Wu will succeed Daniel Zhang as its chief executive officer effective Sept. 10. Joe Tsai will take Zhang's place as the group's chairman.

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