Small-Cap Surge: THH Soars 129% and CWD Jumps 106% in Nasdaq Rally
By ATTN Desk · Editorial oversight: Sean Han
Daily Market Recap – August 28, 2025
The Nasdaq small‐cap segment experienced a broad upswing on August 28, driven by strong volume and double-digit gains across biotech, digital-asset managers and life-science plays. Many names more than doubled or posted triple-digit returns on back of news catalysts, equity offerings and follow-on financings. Below is a summary of today’s notable movers, led by THH, CWD and OTLK.
Key Stock Data
| Ticker | ATTN Price | Current Price | Volume | Price Change % |
|---|---|---|---|---|
| WAI | 0.1376 | 0.1861 | 82,255,276 | 35.21% |
| MBRX | 0.3713 | 0.3997 | 8,305,091 | 7.69% |
| TELO | 0.9396 | 1.4000 | 27,915,380 | 48.95% |
| CWD | 1.7480 | 3.6100 | 92,692,922 | 106.61% |
| RAYA | 0.0402 | 0.0531 | 121,278,826 | 32.17% |
| OTLK | 0.7059 | 1.0900 | 36,927,681 | 54.43% |
| ICCM | 1.0359 | 1.1800 | 10,991,481 | 13.91% |
| AQB | 0.8454 | 1.2400 | 67,853,482 | 46.79% |
| EZGO | 0.1652 | 0.2000 | 3,356,355 | 21.08% |
| PTNM | 1.3887 | 2.0200 | 5,955,542 | 45.45% |
| AGFY | 33.33 | 45.99 | 173,110 | 38.00% |
| RAY | 0.4424 | 0.7011 | 13,363,764 | 58.60% |
| MOBX | 0.8889 | 1.2000 | 5,468,081 | 35.00% |
| THH | 2.47 | 5.6400 | 1,863,737 | 128.57% |
| FTHM | 1.5766 | 2.3101 | 2,479,537 | 46.60% |
Market Trends and Patterns
Today’s session saw small-cap names attracting heavy investor interest, particularly in biotech and alternative asset managers. Several stocks that recently announced financing or data releases rallied sharply:
- Equity Offerings: CWD surged over 106% after filing to raise $25 million for digital-asset acquisitions, while RAY climbed nearly 59% despite press reports of a follow-on offering.
- Biotech Breakouts: THH leapt 129% on light volume after its Nasdaq IPO overview garnered renewed attention. TELO’s 49% gain followed preclinical data on agereversal compounds.
- Volume Surges: RAYA and WAI both traded in excess of 80 million shares, each climbing above 30% as retail and hedge funds piled into low‐priced names.
Across the board, opening levels (ATTN Price) proved conservative entry points for intraday traders, with most tickers doubling or more from intraday lows.
Biotech Rally by Samantha Sophia
Notable Movers
- THH (TRYHARD HOLDINGS) led the charge with a 128.6% rally, briefly trading over $12 intraday, on renewed enthusiasm for its lifestyle entertainment IPO.
- CWD (CALIBERCOS INC) jumped 106.6% on a $25 million equity deal to buy digital assets, marking the second consecutive day of triple-digit returns.
- Outlook Therapeutics (OTLK) climbed 54.4% as EU/UK launch plans for its ophthalmic candidate prompted fresh investor interest.
- Telomir (TELO) gained 48.9% after disclosing breakthrough telomerase-activation data in preclinical models.
- AGFY and PTNM each rose roughly 45–38% on investor rotations into agrifood tech and nutrition supplement companies.
Despite the strong advance, lighter‐volume names such as THH and AGFY experienced wider bid‐ask spreads, cautioning new entrants to monitor execution costs.
TL;DR
- Nasdaq small-caps rallied broadly, led by THH (+128.57%), CWD (+106.61%) and RAY (+58.60%).
- Equity offerings and preclinical data drove volume spikes in biotech and digital‐asset plays.
- RAYA and WAI each traded over 80 million shares, recording +32.17% and +35.21%, respectively.
- Watch spreads on low-float names amid high intraday volatility.