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Market movers: Pulse Biosciences, Pixelworks, Sphere 3D, Semileds

A look at the day's major movers and the likely reasons why they are moving
Man checking smartphone
The Black Shark phone has an attachable analogue stick controller that snaps onto one side of the screen

A look at some of the day's major movers

RISERS

Pulse Biosciences Inc (NASDAQ:PLSE), up 14% at US$20.75.

The biotech announced positive clinical efficacy results of its first multi-center study of Nano-Pulse Stimulation technology for the treatment of seborrheic keratosis lesions in humans.

Pixelworks Inc (NASDAQ:PXLW), up 7.7%.

The provider of power-efficient visual processing solutions was wanted after it was announced that Xiaomi Blackshark’s flagship smartphone, aimed at gamers, will incorporate Pixelworks' video and display technology.

FALLERS

Sphere 3D Corp (NASDAQ:ANY), down 46% at US$0.59

The shares of the cloud-based data management company slumped as it priced its offering of 3.3mln shares at 70 cents a pop.

SemiLEDs Corp (NASDAQ:LEDS), down 29% at US3.92

The company reported a net loss of US$1.13mln in the three months to the end of February, little changed from the year before.


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