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Why Herbalife Shares Are Trading Lower By Around 36%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Published 15/02/2024, 18:20
© Reuters.  Why Herbalife Shares Are Trading Lower By Around 36%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of Herbalife Ltd. (NYSE: HLF) fell sharply in today’s session following weak quarterly earnings.

Herbalife posted adjusted earnings of 28 cents per share, missing market estimates of 39 cents per share. The company’s quarterly sales came in at $1.22 billion versus expectations of $1.19 billion.

Herbalife shares dipped 35.7% to $7.55 on Thursday.

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

Gainers

  • JX Luxventure Limited (NASDAQ: JXJT) shares jumped 377% to $6.21 following H1 results.
  • Dunxin Financial Holdings Limited (NYSE: DXF) surged 204% to $1.11 after gaining around 5% on Wednesday.
  • China Natural Resources, Inc. (NASDAQ: CHNR) jumped 143% to $2.68 after gaining around 10% on Wednesday.
  • The Children's Place, Inc. (NASDAQ: PLCE) rose 101% to $29.23.
  • Nano-X Imaging Ltd. (NASDAQ: NNOX) shares climbed 54.7% to $9.84. Nvidia reported a 59,632 share stake in Nano X Imaging.
  • RiskOn International, Inc. (NASDAQ: ROI) gained 54% to $0.1710.
  • SoundHound AI, Inc. (NASDAQ: SOUN) gained 53% to $3.4499. According to data from Benzinga Pro, BlackRock reported a 5.6% passive stake in SoundHound AI after the market close. Traders also appear to be circling a filing from Nvidia in which the company disclosed positions in several companies, including SoundHound AI.
  • Orgenesis Inc. (NASDAQ: ORGS) climbed 30.2% to $0.4362. Orgenesis 10% owner Jacob Safier acquired a total of 365,140 shares at an average price of $0.58.
  • Pegasystems Inc. (NASDAQ: PEGA) jumped 27.8% to $64.84 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS and revenue guidance above estimates.
  • JFrog Ltd. (NASDAQ: FROG) shares gained 27% to $47.09 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and revenue guidance above estimates.
  • Infobird Co., Ltd (NASDAQ: IFBD) rose 26% to $1.1800.
  • American Well Corporation (NASDAQ: AMWL) jumped 25% to $1.39 following quarterly results.
  • Datasea Inc. (NASDAQ: DTSS) gained 25% to $11.24. DataSea announced a $30 million 5G multimodal communication technology service agreement.
  • AppLovin Corporation (NASDAQ: APP) rose 22% to $57.16 after the company reported better-than-expected fourth-quarter financial results.
  • Ultralife Corporation (NASDAQ: ULBI) gained 21.4% to $9.60 following upbeat quarterly results.
  • Shake Shack Inc. (NYSE: SHAK) rose 18.6% to $92.60 after the company reported better-than-expected quarterly financial results and issued guidance.
  • Digital World Acquisition Corp. (NASDAQ: DWAC) jumped 18.6% to $51.65 after the company announced the U.S. Securities and Exchange Commission declared its registration statement on Form S-4 effective.
  • Sylvamo Corporation (NYSE: SLVM) gained 18.5% to $53.94 following upbeat earnings.
  • DNOW Inc. (NYSE: DNOW) jumped 18.4% to $11.62 following strong quarterly results.
  • Express, Inc. (NYSE: EXPR) climbed 18.1% to $2.4111.
  • Organon & Co. (NYSE: OGN) shares rose 16.5% to $19.07 after the company reported better than expected Q4 2023 earnings and issued 2024 guidance.
  • Roma Green Finance Limited (NASDAQ: ROMA) shares surged 15.9% to $1.25 after falling 6% on Wednesday.
  • Rail Vision Ltd. (NASDAQ: RVSN) gained 15.2% to $6.76.
  • Organon & Co. (NYSE: OGN) rose 14.9% to $18.80 after the company reported better than expected fourth quarter earnings and issued 2024 guidance.
  • Zebra Technologies Corporation (NASDAQ: ZBRA) rose 14% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.
  • Appian Corporation (NASDAQ: APPN) climbed 13.8% to $37.97 after the company reported fourth-quarter financial results above estimates.
  • Zebra Technologies Corporation (NASDAQ: ZBRA) rose 12.7% to $285.24 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.
  • Informatica Inc. (NYSE: INFA) gained 12.6% to $33.91 after the company reported better-than-expected fourth-quarter financial results.
  • Patterson-UTI Energy, Inc. (NASDAQ: PTEN) rose 12.3% to $11.61 following strong sales.
  • Reliance Steel & Aluminum Co. (NYSE: RS) rose 10.4% to $325.15 after the company reported fourth-quarter earnings above estimates and issued above-consensus first-quarter FY24 adjusted EPS.
  • EPAM Systems, Inc. (NYSE: EPAM) gained 10.3% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
  • Cognex Corporation (NASDAQ: CGNX) rose 9.8% to $39.70 following upbeat earnings.
  • SunPower Corporation (NASDAQ: SPWR) shares jumped 8.8% to $4.64 after the company announced raising $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners and fourth-quarter financial results below estimates.
  • Lyft, Inc. (NASDAQ: LYFT) rose 8.6% to $17.82. Lyft recently reported fourth-quarter financial results and issued guidance.
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Losers
  • Treasure Global Inc. (NASDAQ: TGL) fell 45.7% to $0.0862 following second-quarter results.
  • Beamr Imaging Ltd. (NASDAQ: BMR) fell 44% to $9.00.
  • Earlyworks Co., Ltd (NASDAQ: ELWS) shares fell 39.1% to $0.7979.
  • Upexi, Inc. (NASDAQ: UPXI) shares declined 30.4% to $0.96 following weak quarterly results.
  • Telomir Pharmaceuticals, Inc. (NASDAQ: TELO) shares fell 30.1% to $8.31 after jumping around 70% on Wednesday.
  • Fastly, Inc. (NYSE: FSLY) shares tumbled 29.2% to $16.67 after the company reported mixed fourth-quarter financial results.
  • Cineverse Corp. (NASDAQ: CNVS) shares fell 27.2% to $1.7120 after the company reported worse-than-expected third-quarter financial results.
  • Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) fell 26.1% to $5.89 after the company reported mixed fourth-quarter financial results and said it did not find a buyer after conducting a strategic business review.
  • Clean Energy Technologies, Inc. (NASDAQ: CETY) dipped 26% to $0.7989.
  • Renalytix Plc (NASDAQ: RNLX) fell 25.4% to $0.9001 after the company posted weak quarterly sales.
  • Innodata Inc. (NASDAQ: INOD) fell 25.2% to $9.16 after Wolfpack Research issued a report on the company and said it is short the stock.
  • Sabre Corporation (NASDAQ: SABR) dipped 23.3% to $3.3850 after the company reported mixed quarterly financial results.
  • Udemy, Inc. (NASDAQ: UDMY) fell 20.8% to $11.08 after the company reported fourth-quarter financial results.
  • Nu Skin Enterprises, Inc. (NYSE: NUS) shares fell 18.8% to $14.15 after the company reported fourth-quarter financial results.
  • West Pharmaceutical Services, Inc. (NYSE: WST) fell 18.5% to $332.37 after the company reported mixed fourth-quarter financial results and issued 2024 adjusted EPS and sales guidance below estimates.
  • Twilio Inc. (NYSE: TWLO) dipped 13.8% to $62.29 after the company reported fourth-quarter financial results.
  • The Manitowoc Company, Inc. (NYSE: MTW) fell 12.6% to $14.36 following weak earnings.
  • Manchester United plc (NYSE: MANU) fell 12.1% to $18.90.
  • Hanesbrands Inc. (NYSE: HBI) fell 11.6% to $4.17 following weak results.
  • PENN Entertainment, Inc. (NASDAQ: PENN) fell 10.2% to $20.17 following weak results.
  • Insight Enterprises, Inc. (NASDAQ: NSIT) dipped 5.5% to $182.10 after the company reported fourth-quarter financial results and issued FY24 EPS guidance below estimates.
  • Deere & Company (NYSE: DE) fell 4.7% to $366.79 after the company reported first-quarter earnings and lowered FY24 net income guidance.
  • Rollins, Inc. (NYSE: ROL) fell 4.1% to $42.42 following quarterly results.
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