Shares of Aptevo Therapeutics Inc (NASDAQ:APVO) fell sharply during Friday's session after the Seattle-based company announced a one-for-eighteen reverse stock split.

Every 18 shares of common stock issued and outstanding will be converted into one share of common stock on December 29 after the market closes at a par value of $0.001 per share. Aptevo's stockholders approved the split at the company's annual meeting of stockholders in July and the company's board approved the final ratio mid-December.

Aptevo Therapeutics shares dipped 38.3% to $0.57 on Friday.

Here are some other stocks moving in today’s mid-day session.

Gainers

• A SPAC III Acquisition Corp (NASDAQ:ASPC) shares climbed 215.2% to $42.30.
• Picocela Inc (NASDAQ:PCLA) gained 105% to $0.47.
• ECD Automotive Design Inc (NASDAQ:ECDA) gained 65.8% to $1.30 as the company announced on Friday a major expansion of its 2026 product lineup, encompassing heritage-inspired coupes, classic SUVs, and modern lifestyle 4x4s.
• Davis Commodities Ltd (NASDAQ:DTCK) gained 47% to $0.35 as the company reported revenue of $95 million for the six months that ended June 30, up 42.1% from $66.9 million a year earlier.
• Northann Corp (NYSE:NCL) gained 39.1% to $0.36. Northann shares jumped 55% on Wednesday after the company engaged Linkun Investment and Lu Wang for strategic planning advisory services related to its business development.
• Galecto Inc (NASDAQ:GLTO) gained 25.5% to $37.00.
• Greenwich Lifesciences Inc (NASDAQ:GLSI) gained 23.2% to $21.24 even as the company disclosed no new announcements to explain the move.
• Can Fite Biopharma (NYSE:CANF) gained 20.4% to $0.22 after the company announced that the Brazilian Patent Office granted it Patent No. BR112015002697-4, entitled “Use of an A3 Adenosine Receptor Agonist for the Treatment of Sexual Dysfunction.”
• Coupang Inc (NYSE:CPNG) shares jumped 11% to $25.30 after the company said its investigation into a former employee suspected of leaking customer data was conducted in close coordination with government authorities.
• Starfighters Space Inc (NYSE:FJET) shares rose 12% to $13.80 amid post-IPO volatility.
• Dingdong (Cayman) Ltd (NYSE:DDL) gained 11.6% to $3.03.
• Xpeng Inc – ADR (NYSE:XPEV) surged 7.6% to $21.06 following reports suggesting that the company announced entry into Qatar and a partnership with Mauritian distributor Axess Limited. The stock may be seeing strength in response to China’s new energy-consuming standard for EVs.
• Sigma Lithium Corp (NASDAQ:SGML) gained 6.6% to $14.40.
• United States Antimony Corp (NYSE:UAMY) rose 6.4% to $6.76.
• Nexa Resources SA (NYSE:NEXA) rose 6.3% to $9.41.
• Zeta Global Holdings Corp (NYSE:ZETA) gained 5.6% to $20.18.
• Polestar Automotive Holding Uk Plc (NASDAQ:PSNY) rose 5.5% to $18.13, likely driven by continued momentum from a major financing announcement aimed at fortifying the company's balance sheet. The electric vehicle maker recently secured a $300 million equity investment from Banco Bilbao Vizcaya Argentaria (BBVA) and Natixis.
• Nio Inc – ADR (NYSE:NIO) gained 5% to $5.14.

Losers

• Beneficient (NASDAQ:BENF) declined 22.1% to $6.86. The company recently announced an offer of approximately 71 million shares.
• Greenland Technologies Holding Corp (NASDAQ:GTEC) fell 21.7% to $0.74.
• Agroz Inc (NASDAQ:AGRZ) fell 21.1% to $0.82.
• Dermata Therapeutics Inc (NASDAQ:DRMA) declined 20.2% to $1.89.
• Focus Universal Inc (NASDAQ:FCUV) fell 19.6% to $1.14.
• ICZOOM Group Inc (NASDAQ:IZM) fell 19.3% to $1.84.
• Ascent Solar Technologies, Inc. (NASDAQ:STI) fell 17.4% to $3.75.
• High-Trend International Group (NASDAQ:HTCO) dipped 16.4% to $9.02.
• CID HoldCo Inc (NASDAQ:DAIC) fell 15.6% to $0.63.
• Work Medical Technology Group Ltd (NASDAQ:WOK) fell 14.3% to $0.028. WORK Medical announced 1-for-100 reverse stock split.
• Falcon’s Beyond Global Inc (NASDAQ:FBYD) dipped 12.2% to $16.13.
• Firefly Aerospace Inc (NASDAQ:FLY) fell 11.6% to $23.88.
• Organogenesis Holdings Inc (NASDAQ:ORGO) declined 10% to $5.28. BTIG analyst Ryan Zimmerman reiterated Organogenesis with a Buy and maintained a $9 price target.
• Red Cat Holdings Inc (NASDAQ:RCAT) fell 8.8% to $8.29.
• Applied Optoelectronics Inc (NASDAQ:AAOI) declined 8.3% to $37.58.
• Intuitive Machines Inc (NASDAQ:LUNR) fell 7.9% to $15.38. Shares of space-related companies traded lower as the sector pulled back from its recent rally.
• AST SpaceMobile Inc (NASDAQ:ASTS) declined 7.8% to $71.95. Shares of space-related companies traded lower as the sector pulled back from its recent rally.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.