Today's Biggest Market Movers: Top Gainers and Losers on August 9, 2024

On August 9, 2024, the stock market experienced significant volatility, with several stocks making notable moves. Among the top gainers in the market were Iteris (NASDAQ: ITI), Nauticus Robotics (NASDAQ: KITT), and FSD Pharma (NASDAQ: HUGE). Iteris led the pack, surging by over 62% following the announcement of an acquisition deal, making it the day's biggest gainer. Nauticus Robotics also soared by over 61%, fueled by a new testing partnership. FSD Pharma followed closely, with its stock jumping more than 37% due to heavy pre-market trading.

Other notable gainers included Bone Biologics (NASDAQ: BBLG), which rose by over 30% after the release of its annual report, and Pitney Bowes (NYSE: PBI), which gained more than 30% on news of liquidating its e-commerce unit.

On the losing side, AN2 Therapeutics (NASDAQ: ANTX) was the biggest loser, plummeting over 33% due to an unfavorable clinical trial update. American Vanguard (NYSE: AVD) saw a significant decline of more than 29% following its latest earnings report, while PubMatic (NASDAQ: PUBM) fell by over 27% after missing its Q2 revenue expectations. Other significant decliners included Eventbrite (NYSE: EB) and Beauty Health (NASDAQ: SKIN), both of which fell by more than 22% after releasing disappointing earnings reports.

These movements reflect a broader trend of volatility in the market, driven by various factors such as earnings reports, acquisitions, and strategic decisions by companies. Investors should be cautious and stay informed as the market continues to react to these developments.