Bed Bath & Beyond, Inc (NASDAQ: BBBY) was plunging 10% on Tuesday amid sustained selling pressure after a court filing released on Friday showed the company plans to pull out of Canada, filing the equivalent of a chapter 11 bankruptcy
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 50 points on Tuesday.
The Dow traded down 0.16% to 34,191.46 while the NASDAQ rose 0.51% to 11,952.38. The S&P 500 also rose, gaining, 0.16% to 4,143.79.
Gainers
Amesite Inc. (NASDAQ: AMST) shares jumped 123% to $0.6284 after the company announced GPT-3 powered functionality to its AI toolkit for customers and users.
TOP SHIPS Inc (NASDAQ: TOPS) shares are trading lower by 44.8% to $0.91 Tuesday afternoon after the company announced pricing of a $13.6 million registered direct offering. The company on Monday entered into a time charter employment contract, after which the stock ran higher.
Cybin Inc. (NYSE: CYBN) has shared its unaudited financial results for the third quarter that ended Dec. 31, 2022.
The company held total cash of $16.9 (CA$22.5) million as of Dec. 31, 2022, and $15 million as of Feb. 14, 2023.
Wellbeing Digital (OTC: KONEF) subsidiary KGK Sciences will advance with the first-ever Phase 2a clinical trial assessing repetitive, oral microdose psilocybin therapy for Fragile X Syndrome (FXS), a genetic disorder.
U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 250 points on Tuesday.
The Dow traded down 0.79% to 33,975.65 while the NASDAQ fell 0.59% to 11,821.20. The S&P 500 also fell, dropping, 0.63% to 4,111.05.