Bull&Bear | Sirius XM Soars 925%, Qudian Gains 307%, iLearningEngines Jumps 115% Amid Short Seller Rebuttal

In terms of bullish stocks:

Sirius XM Holdings (SIRI) surged by 925.47%. Seaport Global maintained a buy rating on Sirius XM and raised its target price to $37.

Qudian Holdings (QH) rose by 306.73%, marking a two-day increase of 314.33%. Qudian will provide ride-hailing operation solutions for the Azerbaijan market.

iLearningEngines (AILE) jumped by 115.17%. Harish Chidambaran, the CEO of iLearningEngines, remarked, "It is crucial to correct the severe misstatements by short sellers. iLearningEngines has a long-standing record, audited financial statements, and has achieved significant innovation in the field of artificial intelligence."

FibroBiologics (FBLG) increased by 49.62%, continuing a four-day rally amounting to a 154.25% gain. EF Hutton initiated a buy rating on FibroBiologics with a price target of $16.

Laser Photonics (LASE) rose by 35.36%, marking a five-day gain of 178.12%. Laser Photonics received a letter from Nasdaq indicating the company has met the listing requirements under rule 5250(C)(1).

In terms of bearish stocks:

Trident Digital (TDTH) declined by 23.40%. The company announced the pricing of its initial public offering (IPO).

Ally Financial (ALLY) dropped by 17.62%. This decline occurred after Barclays maintained its hold rating on Ally Financial and set a target price of $44.

Skillsoft (SKIL) fell by 16.40%. The company's stock declined after reporting its Q2 financial results. Skillsoft's non-GAAP earnings per share stood at -$2.40, exceeding estimates by $0.54, with operating revenue at $132.22 million, beating forecasts by $0.93 million.

Bioceres Crop (BIOX) decreased by 13.41%, continuing a four-day slide totaling an 18.63% drop. The company's stock fell after disclosing that its Q4 sales results were below expectations.

Cognyte Software (CGNT) fell by 13.04%. The stock dropped following the company's announcement of its Q2 financial report.