A look at the day's major movers
Longfin Corp (NASDAQ:LFIN), up 47% at US$28.19
Trading in the heavily-shorted stock was suspended by Nasdaq pending satisfaction of the exchange's request for additional information relating to trading in the company's shares on and around the time the value of the shares shot up on the acquisition of Ziddu.com, owner of a blockchain-powered technology that is used in smart contracts for financing activities.
MV Oil Trust (NYSE:MO), up 9.5% at US$9.27.
The trust said unit holders would receive a quarterly distribution of 36.5 cents per unit.
Mannkind Corporation (NASDAQ:MNKD), down 25% at US$1.79
The developer of inhaled therapeutic products saw its stock dive after it announced plans to raise US$28mln through the issue of shares and warrants at US$2 a pop.
The stock plummeted after the failure of a pivotal Phase 3 ECHO-301/KEYNOTE-252 study evaluating Incyte’s epacadostat in combination with Merck’s KEYTRUDA in patients with unresectable or metastatic melanoma.