MorphoSys, Nuburu And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded mixed, with the Dow Jones gaining more than 50 points on Wednesday. Here are some big stocks recording gains in today’s session.
Nuburu, Inc. BURU shares climbed 104% to $5.55 after the company announced it has been selected by the U.S. Department of Defense for a position on the multiple award Indefinite Delivery/Indefinite Quantity contract for high energy laser beams.
InflaRx N.V. IFRX shares surged 49.8% to $5.65 on continued upward momentum after the company yesterday announced it received FDA EUA for Gohibic for the treatment of critically ill COVID-19 patients. Today, LifeSci Capital upgraded the stock from Market Perform to Outperform.
MorphoSys AG MOR gained 11.1% to $4.42. MorphoSys said it completed enrollment of Phase 3 MANIFEST-2 study of Pelabresib in Myelofibrosis.
Lanvin Group Holdings Limited LANV jumped 8.3% to $5.06.
Scilex Holding Company SCLX jumped 7% to $8.48.
The Vita Coco Company, Inc. COCO gained 5.6% to $20.70. Craig-Hallum initiated coverage on Vita Coco with a Buy rating and announced a price target of $25.
Calumet Specialty Products Partners, L.P. CLMT surged 5.4% to $16.98. Calumet Specialty Products Partners recently reported better-than-expected Q4 sales.