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Crude Oil Dips; Addex Therapeutics Shares Spike Higher
ADXNAddex Therapeutics(ADXN) Benzinga·2024-08-27 16:03

Company Performance - Hain Celestial Group, Inc. reported fourth quarter adjusted earnings per share of 13 cents, exceeding the analyst consensus estimate of 8 cents, while quarterly revenues of 418.80millionfellshortoftheexpected418.80 million fell short of the expected 421.2 million [2] - Ensysce Biosciences, Inc. shares surged 43% to 0.6190afterreceivinga0.6190 after receiving a 14 million multi-year grant from the NIH for the development of its PF614-MPAR opioid [2] - Addex Therapeutics Ltd saw a 39% increase in shares to 10.40followingtheselectionofclinicalcandidatesfromitscollaborationwithIndivior,withpotentialearningsofupto10.40 following the selection of clinical candidates from its collaboration with Indivior, with potential earnings of up to 330 million [2] - VOXX International Corporation shares rose 70% to 4.8450afterannouncingastrategicalternativesprocesstomaximizevaluation[2]CompanyDeclinesAltisourceAssetManagementCorporationsharesplummeted484.8450 after announcing a strategic alternatives process to maximize valuation [2] Company Declines - Altisource Asset Management Corporation shares plummeted 48% to 1.2250 after announcing plans to voluntarily delist from the NYSE American LLC [3] - COSCIENS Biopharma Inc. shares fell 26% to 4.3350followingresultsfromitsPhase3DETECTtrial[3]AmericanWoodmarkCorporationsharesdecreasedby104.3350 following results from its Phase 3 DETECT-trial [3] - American Woodmark Corporation shares decreased by 10% to 89.93 after reporting worse-than-expected first-quarter results and projecting a decline in FY25 sales [3] Commodities - Oil prices decreased by 1.8% to 76.02,whilegoldpricesfellby0.276.02, while gold prices fell by 0.2% to 2,550.90 [4] - Silver prices dropped by 0.1% to 29.97,whereascopperpricesincreasedby0.629.97, whereas copper prices increased by 0.6% to 4.3085 [4] European Market Insights - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.17% and Germany's DAX rising 0.40% [5] - The German economy contracted by 0.1% quarter-over-quarter in Q2, following a 0.2% growth in Q1 [5] - The GfK Consumer Climate Indicator for Germany fell to -22.0 in September from a revised -18.6 in the previous period [5] Asian Market Insights - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 0.47% and Hong Kong's Hang Seng Index rising 0.43% [6] - Hong Kong's trade deficit narrowed to 21.8billioninJulyfroma21.8 billion in July from a 30 billion gap in the same month last year, as exports increased more than imports [6]