Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of IPG Photonics Corporation (NASDAQ: IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company’s quarterly sales came in at $298.90 million versus expectations of $286.12 million.
IPG Photonics shares dipped 11.2% to $92.06 on Tuesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Ohmyhome Limited (NASDAQ: OMH) shares climbed 300% to $4.80.
- BioNexus Gene Lab Corp. (NASDAQ: BGLC) got a boost, surging 270% to $1.52.
- Digital Brands Group, Inc. (NASDAQ: DBGI) shares jumped 168% to $7.69. Digital Brands reaffirmed its 2024 guidance revenue of $27 million to $30 million and commited to no equity offerings for 2024.
- ARB IOT Group Limited (NASDAQ: ARBB) climbed 101.8% to $3.0868 after gaining over 23% on Monday.
- Beamr Imaging Ltd. (NASDAQ: BMR) gained 100.7% to $19.97. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.
- Farmmi, Inc. (NASDAQ: FAMI) climbed 57.6% to $1.97 after surging around 10% on Monday.
- Whole Earth Brands, Inc. (NASDAQ: FREE) rose 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.
- VCI Global Limited (NASDAQ: VCIG) gained 27% to $1.35.
- Larimar Therapeutics, Inc. (NASDAQ: LRMR) climbed 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.
- Jin Medical International Ltd. (NASDAQ: ZJYL) gained 22.4% to $10.17.
- Tripadvisor, Inc. (NASDAQ: TRIP) shares rose 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.
- LianBio (NASDAQ: LIAN) gained 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.
- Verde Clean Fuels, Inc. (NASDAQ: VGAS) gained 17.8% to $3.2997. Verde Clean Fuels, Inc. and Diamondback Energy subsidiary Cottonmouth Ventures LLC announced joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin.
- JetBlue Airways Corporation (NASDAQ: JBLU) shares surged 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.
- JanOne Inc. (NASDAQ: JAN) gained 13.3% to $0.7529.
- Biodexa Pharmaceuticals Plc (NASDAQ: BDRX) rose 12.4% to $1.6298. Bigger Capital Fund, reported a 9.9% stake in a 13G Filing on Monday.
- Chanson International Holding (NASDAQ: CHSN) shares jumped 12.2% to $1.8843.
- ZoomInfo Technologies Inc. (NASDAQ: ZI) rose 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.
- Bruker Corporation (NASDAQ: BRKR) rose 9.9% to $77.60 following upbeat results.
- Renalytix Plc (NASDAQ: RNLX) shares gained 9.6% to $1.37. Renalytix shares jumped around 228% on Monday after the company announced that, on Feb. 8, the Centers for Medicare and Medicaid Services published a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing.
- WK Kellogg Co (NYSE: KLG) climbed 9.2% to $13.77 following strong sales.
- Aspen Aerogels, Inc. (NYSE: ASPN) climbed 8.8% to $13.49 following strong results.
- DIH Holding US, Inc. (NASDAQ: DHAI) shares gained 8.1% to $1.7301 after surging around 24% on Monday.
- Ecolab Inc. (NYSE: ECL) climbed 6.4% to $216.00 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.
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Losers- BIOLASE, Inc. (NASDAQ: BIOL) dipped 67.4% to $0.1466 after the company announced pricing of $7 million public offering of 16 million units at a price of $0.44 per unit.
- Sunshine Biopharma, Inc. (NASDAQ: SBFM) shares fell 64.7% to $0.0671 after the company announced pricing of $10 million underwritten public offering.
- Sientra, Inc. (NASDAQ: SIEN) declined 56.8% to $0.2520 after the company announced plans to pursue strategic sale of its business through voluntary Chapter 11 process.
- G1 Therapeutics, Inc. (NASDAQ: GTHX) shares declined 53.9% to $2.0650. G1 Therapeutics will continue Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following interim analysis by the independent Data Monitoring Committee.
- SSR Mining Inc. (NASDAQ: SSRM) fell 53.7% to $4.4950. The company announced suspension of operations at the Çöpler mine.
- Polished.com Inc. (NYSE: POL) shares dipped 49.5% to $2.4531. Polished.com received a notice of acceleration on Feb. 6, 2024, demanding immediate repayment of all obligations under the credit agreement, including a principal balance of $91.25 million, due to defaults including non-payment.
- 2U, Inc. (NASDAQ: TWOU) shares fell 39.1% to $0.5589 after the company reported worse-than-expected fourth-quarter financial results and issued 2024 revenue guidance below estimates.
- Express, Inc. (NYSE: EXPR) fell 39% to $2.2850.
- Delta Apparel, Inc. (NYSE: DLA) declined 37.8% to $4.2051 following first-quarter results.
- The Children's Place, Inc. (NASDAQ: PLCE) fell 32% to $11.14. B. Riley Securities analyst Jeff Lick downgraded Children's Place from Neutral to Sell and lowered the price target from $19 to $4.
- Renovaro Biosciences Inc. (NASDAQ: RENB) fell 30% to $2.3301 after Hindenburg Research issued a report on the company and said it has taken a short position in the stock.
- NanoString Technologies, Inc. (NASDAQ: NSTG) declined 27.1% to $0.1226.
- Quantum FinTech Acquisition Corporation (NYSE: ATCH) fell 27% to $5.11.
- Trinseo PLC (NYSE: TSE) fell 27% to $4.4750 following weak results.
- WESCO International, Inc. (NYSE: WCC) declined 23% to $148.13 after the company reported fourth-quarter FY23 earnings below consensus.
- Teradata Corporation (NYSE: TDC) shares declined 22.9% to $37.61. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.
- Avis Budget Group, Inc. (NASDAQ: CAR) fell 19.4% to $135.74 following weak sales.
- Exscientia plc (NASDAQ: EXAI) dipped 18.1% to $6.15.
- Altimmune, Inc. (NASDAQ: ALT) fell 16% to $8.73. Kerrisdale Capital issued a report on the company titled "Altimmune, Inc. (ALT) Fat Chance."
- Brighthouse Financial, Inc. (NASDAQ: BHF) declined 14.5% to $45.72 after the company reported worse-than-expected fourth-quarter financial results.
- Arm Holdings plc (NASDAQ: ARM) fell 14.4% to $127.57 after jumping 29% on Monday. The company last week reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance above estimates.
- Blackbaud, Inc. (NASDAQ: BLKB) fell 14.1% to $71.06 following weak sales.
- Millennium Group International Holdings Limited (NASDAQ: MGIH) shares declined 13.8% to $2.6806. Millennium Group International shares jumped over 200% on Monday after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.
- Hertz Global Holdings, Inc. (NASDAQ: HTZ) dipped 13.5% to $7.51.
- SunPower Corporation (NASDAQ: SPWR) declined 13.3% to $3.6050.
- The Goodyear Tire & Rubber Company (NASDAQ: GT) fell 13.2% to $11.84 following fourth-quarter results.
- BranchOut Food Inc. (NASDAQ: BOF) shares fell 12.6% to $2.16. BranchOut Food shares surged around 70% on Monday after the company announced it expanded its relationship with a retailer in a new agreement valued at an estimated $7.6 million annually.
- James Hardie Industries plc (NYSE: JHX) dipped 12.3% to $34.40 following third-quarter earnings.
- Jayud Global Logistics Limited (NASDAQ: JYD) shares fell 10% to $1.0346 after jumping 30% on Monday.
- Herc Holdings Inc. (NYSE: HRI) fell 9.4% to $140.15 following downbeat results.
- V.F. Corporation (NYSE: VFC) fell 8.8% to $15.90.
- Bloom Energy Corporation (NYSE: BE) fell 8.5% to $11.27.
- Arista Networks, Inc. (NYSE: ANET) shares fell 6.3% to $263.14 after the company reported fourth-quarter financial results and issued guidance.
- Cadence Design Systems, Inc. (NASDAQ: CDNS) shares fell 3.8% to $294.74 after the company reported fourth-quarter financial results and issued guidance.
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