One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Cathie Wood-led Ark Investment Management on Monday snapped up 35,022 shares, estimated to be worth about $7.39 million, in Alibaba Group Holding (NYSE: BABA).
Shares of Alibaba closed 0.46% lower at $211.06 on Monday.
Sorrento Therapeutics Inc. (NASDAQ: SRNE) shares moved higher Tuesday after the company announced Phase 2 Abivertinib clinical studies have completed patient enrollment in the U.S. and Brazil. The company is expecting top-line clinical data at the end of the third quarter.
Ocugen Inc. (NASDAQ: OCGN) shares are trading lower Tuesday, likely making a correction after shares saw a nice gain Monday.
Ocugen was down 5.14% at $7.02 at last check.
After surging Monday, Torchlight Energy Resources Inc. (NASDAQ: TRCH) shares are trading lower by 20% at $7.90 after the company announced an amendment to its at-the-market offering de
ContextLogic Inc (NASDAQ: WISH) squeezed Tuesday morning, broke Monday’s high and headed toward the $15 mark. The stock has seen enormous interest in Reddit communities and on Twitter due to its high level of institutional ownership and the amount of short interest on the stock.
Shares of several crypto-related companies, including Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading lower by 6% and 4.2%, respectively, after the China Central