PRISM Mid-Day Movers: Space and Oil & Gas are Leading Today’s Movement.
Shares of Mobix Labs, Inc. (NASDAQ: MOBX) are exploding higher today, soaring more than 100% after the company secured a major production order for its RF filtering component used in the U.S. Navy’s Tomahawk cruise missile program. The deal sharply improves revenue visibility for this micro‑cap defense and space electronics player, triggering heavy volume and a violent rerating as traders reprice Mobix’s pipeline and leverage to high‑reliability military applications.
Shares of Battalion Oil Corporation (NYSE: BATL) are ripping higher again today, up 106% and trading in the high‑$20s after more than doubling as traders pile into the name on surging crude prices and heightened Middle East geopolitical risk. The rally is being amplified by news of a roughly $15 million private placement at $5.50 per share with an institutional investor, which injects fresh capital and is being seen as a confidence check on the company’s asset base despite dilution.
Other Notable Movers:
PharmaTher Holdings Ltd. (PHRRF) up 24%
Plug Power Inc. (PLUG) up 23%
Iterum Therapeutics plc (ITRM) down -45%
