Following were the most active stock losers on Wednesday. Keep an eye on these stocks this week.
The Graystone Company (OTCMKTS:GYST) has had arguably the best 2022 of any cryptocurrency stock. The bitcoin mining company announced its January revenue last week, and it exceeded the company’s revenue for all of 2021! You don’t see that very often, the company is also uplisting to the OTCQB this week, which means more investors will be able to purchase this company that looks primed for a breakout. Do your research now on GYST.
Avenue Therapeutics Inc. (NASDAQ:ATXI) stock was the biggest loser on Wednesday as the stock slumped 48.69% to $0.3130 and made a new 52-week low of $0.29. The stock was under heavy selling pressure after the company announced the outcome of the FDA meeting of the Anesthetic and Analgesic Drug Products Advisory Committee and the Drug Safety and Risk Management Advisory Committee on IV tramadol. In June last year, Avenue Therapeutics has received a second Complete Response Letter from the FDA regarding its marketing application seeking approval for IV tramadol.
Color Star Technology Co. Ltd. (NASDAQ:CSCW) stock continued to lose momentum in the previous trading session. The stock went down by 17% to $0.74 with more than 15.64 million shares traded hands, well above its average volume of 1.90 million shares. The company announced that its entertainment metaverse “Color World” software is available for download in the Android App Store. Since the release of the entertainment metaverse Color World in the iOS store, the app developed by Color Star has been downloaded by more than three million global users.
ToughBuilt Industries Inc. (NASDAQ:TBLT) was another active stock buzzer on Wednesday. The stock closed down by 20% to $0.16 with more than 22.45 million shares traded hands, well above its average volume of 2.70 million shares.
The company announced that it has closed its previously announced registered direct offering with certain institutional investors for the issuance and sale of an aggregate of 2,500 shares of Series F Convertible Preferred Stock and 2,500 shares of Series G Convertible Preferred Stock for gross proceeds of $5 million, before deducting placement agent fees and other offering expenses.
Mullen Automotive Inc. (NASDAQ:MULN) was one of the biggest percentage gainers on hefty volume. The stock moved down 15.20% to close at $0.8735 after hitting a new 52-week of $0.80. Last week, the company announced results from a detailed EV market study and conceptual benchmark comparison of the Mullen FIVE against two industry-leading competitors, the Tesla Model Y and Ford Mach-E.
Creative Realities Inc. (NASDAQ:CREX) stock had a volatile session as the stock moved down by 11% to $1.21 on hefty volume of 550K million shares, below its average volume of 1.18 million shares. BLRX stock is trading above 9% from its 52-week low and 66% away from its 52-week high.
Creative Realities, Inc., together with its subsidiaries, provides digital marketing technology solutions to retail companies, individual retail brands, enterprises, and other organizations in the United States and Canada.