Major U.S. stock indices closed the trading day lower on Monday, with the Dow Jones Industrial Average retreating 0.5% to a close of 48,461.93. The broader S&P 500 also contracted by 0.35%, ending at 6,905.74, while the technology-heavy Nasdaq Composite declined 0.5% to 23,474.34. Amid the overall market pullback, several individual stocks attracted significant attention from traders and investors due to notable price movements driven by company-specific news and developments.
Brand Engagement Network Inc. (NASDAQ:BNAI)
Shares of Brand Engagement Network saw a remarkable surge, increasing by approximately 108.75% to close at $2.50. Throughout the session, the stock traded between an intraday low of $1.77 and a high of $2.91. Despite this volatile upward movement, the stock retreated slightly in after-hours trading, falling nearly 7% to $2.33. This considerable gain was primarily triggered by the company’s announcement of a Vendor Services Project Agreement with a major global advertising agency. The deal centers on developing a customized artificial intelligence-powered engagement solution intended for a top-10 pharmaceutical company’s prescription drug. The anticipated revenue from this partnership is expected to begin recognition in the fourth quarter of fiscal 2025.
Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE)
In contrast, Ultragenyx Pharmaceutical's shares plummeted by over 42%, closing the session at $19.72. The stock’s trading range during the day was from $18.41 to $20.49, with the 52-week price range spanning $18.41 to $46.50. Although the stock made a modest recovery in after-hours trading, rising by about 1.17% to $19.95, the sharp decline during core hours was linked to the publication of Phase 3 clinical trial results for setrusumab (UX143), conducted in partnership with Mereo BioPharma. The trials, Orbit and Cosmic, were focused on evaluating the drug's effectiveness in treating osteogenesis imperfecta, a genetic disorder characterized by collagen mutations that result in fragile bones and frequent fractures.
Cemtrex Inc. (NASDAQ:CETX)
Cemtrex's stock experienced a decline of 7.46% during regular trading hours, closing at $2.11 after fluctuating between $2.10 and $2.23. However, extended trading sessions showed a significant upward spike of 42.65%, pushing the share price to $3.01. The company disclosed its fiscal year 2025 financial results, reporting revenues of $76.5 million, a notable increase from the $66.9 million posted the prior year. Importantly, Cemtrex returned to operating profitability, registering an operating income of $0.5 million compared to a $5.3 million loss the previous fiscal year. Both primary business segments contributed to growth, with Security segment revenues climbing 20% to $38.4 million and Industrial Services segment revenues rising 9% to $38 million. Gross profit increased to $32.3 million, representing 42% of total revenues. Post-year-end activities included debt reduction of approximately $7.8 million and a liquidity enhancement near $9 million, significantly strengthening the overall balance sheet. Management highlighted ongoing efforts with two pending acquisitions and framed fiscal 2025 as the end point of the company's turnaround phase, positioning Cemtrex for improved operational leverage and expansion prospects throughout 2026.
Sidus Space Inc. (NASDAQ:SIDU)
Sidus Space shares climbed 32.90% to finish at $2.56, after trading intraday between $2.20 and $2.73. In after-hours trading, the stock extended gains by about 11.1% to $2.85. The positive momentum followed the company's imminent closure of a public offering expected to generate roughly $16.2 million in gross proceeds from the sale of 10.8 million Class A shares priced at $1.50 each. The capital raised will be allocated toward working capital needs and general corporate activities including scaling manufacturing capabilities and advancing product development efforts. Additionally, Sidus Space recently won a contract award under the Missile Defense Agency’s SHIELD Indefinite Delivery Indefinite Quantity (IDIQ) program, which supports the U.S.