Following were the major losers on Wednesday. Keep these stocks on your radar this week for any bounce.
Inhibikase Therapeutics Inc (NASDAQ:IKT) Extends Fall, Will it Recover?
IKTwas one of the major losers as the stock fell 27% at $2.94. The stock saw higher than average volume with more than 9.32 million shares exchanged hands, compared to its average volume of 46K shares. The company had priced its public offering of 15M common shares at $3.00/share for total gross proceeds of ~$45M. Moreover, the stock made a new low of $2.87 in Wednesday’s trading session.
Uxin Ltd (NASDAQ:UXIN) Under Pressure Despite Good News
UXIN was one of the notable losers in Wednesday’s trading session as the stock was down by 12.64% to $3.94. The stock saw total volume of over 18.82 million shares exchanged hands, compared to its average volume of 20.40 million shares. Earlier this week, the company announced that it has entered into definitive agreements with NIO Capital and Joy Capital, pursuant to which both investors have agreed to invest a total of up to US$315 million in the Company.
9F Inc – ADR (NASDAQ:JFU) Stock Falls, To Hold Extraordinary General Meeting
JFU was under pressure on Wednesday as the stock decreased 15.21% to $2.23. After opening at $2.58, the stock has moved within a wide range of $2.0800 – 2.8000. The stock has gained 97% so far in 2021. On Wednesday, the company announced that it will hold an extraordinary general meeting of shareholders at Conference Room No.1, 48/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, People’s Republic of China, on July 8, 2021 at 9:00 a.m. (Beijing time).
Alithya Group inc (NASDAQ:ALYA) Continues to Fall After The Recent Rally
ALYAwas one stock came in under pressure. The sock went down by 1.14% to $2.60, extending its weekly fall to 5%. The stock saw total volume of over 87K shares exchanged hands, compared to its average volume of 989K shares. Over the past 52-week, the stock has been moving within a wide range of $1.4500 – 5.4700.