Why NIO Shares Are Trading Lower By Over 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of NIO Inc. NIO fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.

NIO shares dipped 8.5% to $4.4550 on Friday.

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

Gainers

• Qualigen Therapeutics, Inc. QLGN jumped 120% to $0.3870 after gaining 6% on Wednesday.
• Zapp Electric Vehicles Group Limited ZAPP rose 70.5% to $4.65 after gaining around 14% on Wednesday.
• MediWound Ltd. MDWD shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday.
• Koss Corporation KOSS shares climbed 41.7% to $15.07, possibly on continued retail investor interest.
• XChange TEC.INC XHG gained 27% to $1.06.
• Shineco, Inc. SISI jumped 19.8% to $3.38.
• NANO Nuclear Energy Inc. NNE climbed 17.7% to $27.85.
• Annovis Bio, Inc. ANVS rose 14.1% to $9.22.
• CleanCore Solutions, Inc. ZONE surged 13% to $2.60.
• Sirius XM Holdings Inc. SIRI climbed 12.6% to $3.9750.
• Ryde Group Ltd. RYDE gained 11.9% to $7.22.
• Mesoblast Limited MESO rose 11.6% to $7.60.
• Macy’s, Inc. M gained 10.4% to $19.79. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.
• The Oncology Institute, Inc. TOI rose 9.8% to $0.5379.
• Sharps Technology, Inc. STSS rose 9.3% to $0.2514 after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.
• Arm Holdings plc ARM gained 7.4% to $180.54.
• Smith & Nephew plc SNN rose 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.

Losers

• Adamas One Corp. JEWL shares dipped 20.8% to $0.3660 after gaining 89% on Wednesday.
• Cyngn Inc. CYN shares dipped 20% to $4.30.
• Eshallgo Inc. EHGO fell 19.2% to $2.11. Eshallgo closed $5 million initial public offering at $4 per share.
• Vicinity Motor Corp. VEV fell 18.3% to $0.4606.
• Castle Biosciences, Inc. CSTL dipped 16.4% to $17.77.
• CNS Pharmaceuticals, Inc. CNSP fell 15% to $1.24.
• Portage Biotech Inc. PRTG declined 14.1% to $0.1550.
• SunPower Corporation SPWR fell 12.4% to $2.3450.
• Cartesian Therapeutics, Inc. RNAC declined 11.4% to $15.60.
• Shapeways Holdings, Inc. SHPW dipped 11.1% to $0.24.
• Inseego Corp. INSG fell 11.1% to $10.40.
• XPeng Inc. XPEV declined 10% to $7.49. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.
• HDFC Bank Limited HDB dipped 7.7% to $61.49.
• Zoomcar Holdings, Inc. ZCAR shares fell 7.1% to $0.17. Zoomcar Holdings shares jumped 34% on Wednesday after the company announced that it expects an increase in its FY24 total revenue and decline in its FY24 net loss.
• B. Riley Financial, Inc. RILY declined 7.1% to $15.74.
• Marathon Digital Holdings, Inc. MARA declined 6.5% to $19.61 amid weakness in Bitcoin.
• Bitdeer Technologies Group BTDR fell 6.1% to $11.11 amid a decline in Bitcoin prices.
• Hut 8 Corp. HUT fell 6.1% to $15.18 after the company its operations update for June 2024.
• Iris Energy Limited IREN shares declined 5.9% to $13.53. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin BTC/USD mining expansion.
• Applied Digital Corporation APLD shares fell 4.5% to $6.47 after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.

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