Cuprina (CUPR) said Monday its subsidiary Cuprina Pte Ltd. obtained 510(k) clearance from the US Food and Drug Administration for its Medifly Maggots product that uses Lucilia cuprina larvae in maggot debridement therapy.
Shares of the parent company soared 121% as intraday trading volume catapulted to over 44.1 million from a daily average of about 1.6 million.
Seagate Technology (STX) and Western Digital (WDC) are expected to benefit from strengthening demand for hard disk drives, Morgan Stanley said in a note Monday.
Morgan Stanley adjusted its price target for Western Digital's shares to $650 from $488 while maintaining the stock's overweight rating. The investment bank adjusted Seagate's price objective to $1,035 from $767 while keeping its overweight rating.
Shares of Western Digital climbed 15%, with intraday trading volume climbing to over 6.4 million from a daily average of roughly 7.7 million.
Shares of Seagate jumped 7% following an increase in intraday trading volume to over 3.4 million from a daily average of about 3.9 million.
Micron Technology (MU) has room for its memory-chip upcycle to continue for another five to six quarters, supported by stronger pricing, robust generative AI demand, and limited industry supply growth, RBC Capital Markets said.
Shares of Micron advanced 10% as intraday trading volume rose to over 27.6 million from a daily average of about 51.1 million.
Price: $8.79, Change: $+4.82, Percent Change: +121.41%