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Synergy CHC Corp., maker of the Focus Factor brain supplement brand, filed for Chapter 11 bankruptcy after Costco discontinued carrying its products, which accounted for approximately 58% of the company’s net revenue.
Xpeng shares fell more than 9% in Hong Kong after the company issued weak third-quarter delivery guidance, though its robotics unit secured a $6.3 billion valuation.
ChargePoint’s stock surged more than 70% Thursday after the electric vehicle charging company beat second-quarter expectations and provided optimistic forward guidance, with CEO Rick Wilmer calling it “the beginning of the momentum.”
BioNTech shares fell after BMO Capital downgraded the stock and cut its price target, citing lower COVID vaccine demand and reduced revenue guidance for the year.
Gartner stock surged 31.2% in August, driven primarily by the company’s better-than-expected second-quarter earnings report and raised full-year guidance.
Bloom Energy surged 26% in a week after S&P 500 inclusion announcement, weeks after disclosed purchases linked to Paul Pelosi’s accounts totaling at least $3 million.
