02:17 PM EDT, 03/21/2024 (MT Newswires) -- Spire Global's ( SPIR ) shares sank more than 34% amid heavy trading after the company announced Thursday a registered direct offering to raise $30 million.

More than 4 million shares traded intraday compared with a daily average of about 332,000.

Movella Holdings' ( MVLA ) shares slumped after the company notified Nasdaq that it plans to voluntarily have its common shares and warrants delisted from the index.

Shares slumped 64%, with intraday trading volume at over 12 million versus a daily average of about 600,000.

Five Below ( FIVE ) reported late Wednesday fiscal Q4 earnings and revenue that fell short of analysts' forecasts, prompting several brokerages to cut share-price targets.

Among them was UBS, which cut the price target to $245 from $270 while maintaining its buy rating.

Shares dropped more than 15%, with intraday trading volume at over 2.77 million compared with a daily average of about 675,000.

Price: 11.47, Change: -6.00, Percent Change: -34.34