Bright Minds Biosciences (NASDAQ: DRUG) Soars 1800% Amid Short Squeeze Alongside PRSO, ILLR and NIVF

October 16, 2024 at 15:46 PM EDT

The biotech world is buzzing as Bright Minds Biosciences (NASDAQ: DRUG) exploded yesterday with a +1500% surge, rocketing from $2.47 to $38.35 during regular trading, and hitting $50 in after-hours trading—marking a total rise of 1800% in a single day. With its market cap soaring from $4 million to $172 million, this dramatic short squeeze has caught the attention of investors everywhere. Bright Minds, a cutting-edge biotechnology company, is pioneering treatments for neurological and psychiatric disorders, including epilepsy and depression, with its innovative pipeline of selective serotonergic agonists aimed at transforming patient care. DRUG was featured in our pre-market spotlight on 10/15/2024 at just $2.47 per share see more.

Similarly, Peraso Inc. (NASDAQ: PRSO), a leader in mmWave wireless technology, is gaining traction as it prepares to showcase the strategic advantages of its 60 GHz mmWave technology for military and defense applications. With a focus on beamforming and phased array antenna technologies, Peraso’s solutions are poised to meet the growing demand for secure, high-speed communication in the defense sector.

Meanwhile, AGBA Group Holding Ltd. (Nasdaq: AGBA) has completed its merger with Triller Corp., rebranding as Triller Group Inc. The combined company’s stock will start trading under the ticker "ILLR" on October 16, 2024, offering exciting new opportunities for content creators and fans of BKFC and TrillerTV to engage with the innovative platform.

In another key sector, NewGenIvf Group Limited (NASDAQ: NIVF) continues to make waves in the fertility industry across Asia, offering comprehensive services such as assisted reproductive technologies, egg and sperm donation, and surrogacy in appropriate jurisdictions. With clinics in Thailand, Cambodia, and Kyrgyzstan, NewGen is helping couples and individuals overcome fertility challenges and build families.

These companies—DRUG, PRSO, AGBA, and NIVF—demonstrate strong market movements and hold immense potential in their respective industries, making them ones to watch today and in the coming days.

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