Why Kaival Brands Innovations Shares Are Trading Lower By 47%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of Kaival Brands Innovations Group, Inc. KAVL fell sharply during Friday's session after the company announced pricing of $6.0 million public offering.

Kaival Brands priced its 3,921,500 unit offering at $15.3 per unit.

Kaival Brands Innovations Group shares dipped 47% to $1.52 on Friday.

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

Gainers

• American Rebel Holdings, Inc. AREB shares jumped 161% to $0.8048 after the company signed a Connecticut distribution agreement with Dichello Distributors.
• Sharecare, Inc. SHCR jumped 74% to $1.35 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.
• Spectaire Holdings Inc. SPEC shares surged 73% to $0.5883. The company recently announced a purchase order and delivery of its advanced AireCore units to American Ag Energy.
• Minim, Inc. MINM gained 48% to $4.2389.
• Sarepta Therapeutics, Inc. SRPT rose 39.2% to $171.89 after the company announced FDA approval of an expansion to the labeled indication for ELEVIDYS to include individuals with Duchenne muscular dystrophy with a confirmed mutation in the DMD gene who are at least 4 years of age. Also, multiple firms raised their respective price targets on the stock.
• Mustang Bio, Inc. MBIO gained 36.5% to $0.7661. Mustang Bio recently announced a $2.5 million registered direct offering of 6.130 million shares at $0.41 per share.
• Clover Health Investments, Corp. CLOV shares climbed 31% to $1.35 following insider buying from the company's co-founder. After the market close on Thursday, Clover Health filed a Form 4 with the SEC showing that co-founder and executive chair Vivek Garipalli purchased 877,567 shares of Clover Health stock at an average price of $1.14 per share.
• Orgenesis Inc. ORGS rose 29.4% to $0.58.
• 36Kr Holdings Inc. KRKR gained 26% to $0.4342 after the company announced that it has entered into a strategic partnership with SenseTime.
• Qualigen Therapeutics, Inc. QLGN jumped 25% to $0.2196.
• Eco Wave Power Global AB (publ) WAVE gained 21.3% to $2.68.
• Universe Pharmaceuticals INC UPC gained 19.9% to $2.7699.
• Nexalin Technology, Inc. NXL rose 19% to $1.3150. Nexalin Technology was recently awarded a patent by the USPTO related to its deep intracranial frequency stimulation device for the treatment of Alzheimer’s and dementia.
• Gossamer Bio, Inc. GOSS jumped 17% to $0.6637.
• Avid Bioservices, Inc. CDMO rose 13.7% to $7.75.
• DermTech, Inc. DMTK gained 13.5% to $0.1337 after declining 19% on Thursday. DermTech recently filed for Chapter 11 protection and implemented a 20% workforce reduction to preserve cash.
• Asana, Inc. ASAN rose 13.4% to $12.90 after the company announced a $150 million stock repurchase program.
• Trinity Place Holdings Inc. TPHS shares rose 12.2% to $0.1440 after gaining more than 5% on Thursday.
• Cabaletta Bio, Inc. CABA gained 9.1% to $9.09.
• ADTRAN Holdings, Inc. ADTN rose 8.7% to $5.65
• Hertz Global Holdings, Inc. HTZ climbed 8.6% to $3.8150. The company revealed the upsize and pricing of $1 billion offerings, which comprised $750 million of First Lien Senior Secured Notes, which represents an upsize from the previously announced $500 million.
• Zoomcar Holdings, Inc. ZCAR rose 7.5% to $0.1570. Zoomcar announced closing of sale of $3.6 million notes private placement.

Losers

• Psyence Biomedical Ltd. PBM shares dipped 36% to $0.3820 after gaining 6% on Thursday.
• Professional Diversity Network, Inc. IPDN shares fell 23.1% to $0.5012 after dipping around 14% on Thursday.
• Reliance Global Group, Inc. RELI shares fell 22.8% to $0.4668. Reliance Global shares jumped 54% on Thursday after the company announced an institutional investor has redeemed all of its outstanding Series B and Series G warrants.
• Professional Diversity Network, Inc. IPDN dipped 22.5% to $0.5008.
• Crown Electrokinetics Corp. CRKN declined 21.8% to $0.0391 after the company announced a 1-for-150 reverse stock split.
• Allurion Technologies Inc. ALUR fell 21.5% to $2.0399. Allurion Technologies, on Thursday, announced the publication of a new study showing patients on its Allurion Program experienced an average weight loss of 14% and an average lean mass gain of 5.6% over four months.
• Brand Engagement Network, Inc. BNAI fell 20.2% to $2.89.
• African Agriculture Holdings Inc. AAGR declined 18% to $0.2376
• SMX (Security Matters) Public Limited Company SMX shares fell 17% to $0.1335 after gaining 35% on Thursday.
• NANO Nuclear Energy Inc. NNE shares fell 13.2% to $13.21 after surging 31% on Thursday.
• SmartKem, Inc. SMTK fell 12.8% to $5.36.
• Molecular Partners AG MOLN shares dipped 12.3% to $9.66 after jumping over 38% on Thursday.
• Applied Digital Corporation APLD fell 12% to $5.32.
• Cipher Mining Inc. CIFR declined 11.5% to $4.6350.
• Smith & Wesson Brands, Inc. SWBI fell 10.7% to $14.65 after the company reported quarterly earnings.
• Abacus Life, Inc. ABL shares declined 10.3% to $8.75 as the company priced $80 million public offering of 10 million common stock at $8 per share.
• Trex Company, Inc. TREX dipped 7.7% to $77.59.
• Bloom Energy Corporation BE fell 6.3% to $13.14.

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