Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of 3M Company (NYSE: MMM) fell sharply during Tuesday’s session after the company reported better-than-expected fourth-quarter EPS, but issued FY24 EPS guidance below estimates.
Adjusted EPS was $2.42 compared to $2.18 in prior-year quarter, beating the consensus of $2.31. For FY24, MMM sees adjusted sales growth of 0.25% to 2.25% and adjusted EPS of $9.35 – $9.75 vs. $9.82 estimate.
3M shares dipped 12.5% to $94.54 on Tuesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- FaZe Holdings Inc.. (NASDAQ: FAZE) shares climbed 63.6% to $0.2528. FaZe and Rollbit announced a new multi-million dollar esports sponsorship deal.
- Rail Vision Ltd. (NASDAQ: RVSN) jumped 57.4% to $3.5420. Rail Vision recently announced its Main Line system has successfully obtained formal certifications for critical European Union railway standards.
- Nuvve Holding Corp. (NASDAQ: NVVE) shares surged 44.6% to $4.31. Nuvve won a $16 million project for Fresno Economic Opportunities Commission's 50-shuttle fleet.
- Ensysce Biosciences, Inc. (NASDAQ: ENSC) gained 29% to $1.4701. Ensysce Biosciences said that the FDA has granted Breakthrough Therapy Designation for PF614-MPAR.
- Bit Brother Limited (NASDAQ: BETS) surged 26% to $3.97 after the company requested immediate withdrawal of its Registration Statement on Form F-3 filed with the SEC on Jan. 16, 2024.
- Gamer Pakistan Inc. (NASDAQ: GPAK) shares climbed 21.8% to $0.3180 after falling more than 9% on Monday.
- Sensus Healthcare, Inc. (NASDAQ: SRTS) gained 21.4% to $3.23. Sensus Healthcare announced preliminary fourth-quarter revenue of $12 million and 2023 revenue exceeding $23 million.
- Catheter Precision, Inc. (NYSE: VTAK) rose 20.8% to $0.58. Catheter Precision Director, Executive Chairman and CEO David A Jenkins acquired a total of 16,940 shares at an average price of $0.42.
- Solid Power, Inc. (NASDAQ: SLDP) rose 20.5% to $1.41. Solid Power announced a $50 million share repurchase authorization.
- Unicycive Therapeutics, Inc. (NASDAQ: UNCY) gained 20.3% to $0.9999. Unicycive Therapeutics issued a shareholder letter to highlight corporate progress and key upcoming milestones.
- Plug Power Inc. (NASDAQ: PLUG) rose 19.7% to $3.4000. Plug Power started production of liquid green hydrogen at its Georgia Plant.
- ESGL Holdings Limited (NASDAQ: ESGL) gained 19.5% to $0.5674. ESGL Holdings announced the successful conclusion of a multi-year agreement with Sentosa Clay Products Sdn Bhd to co-produce sustainable bricks for the building industry.
- TKO Group Holdings, Inc. (NYSE: TKO) jumped 19.2% to $92.30 after the company announced a long-term partnership with Netflix that will bring WWE's Raw to Netflix.
- Evaxion Biotech A/S (NASDAQ: EVAX) gained 17% to $4.3886.
- Dada Nexus Limited (NYSE: DADA) climbed 15.8% to $2.3050.
- GDS Holdings Limited (NYSE: GDS) rose 15.1% to $6.74.
- IAMGOLD Corporation (NYSE: IAG) gained 14.1% to $2.6250. IAMGOLD reported fourth-quarter production results and commissioning progress at Côté Gold.
- Spirit Airlines, Inc. (NYSE: SAVE) rose 13.2% to $9.03. Spirit Airlines and JetBlue announced that they will appeal a judge's ruling that blocked their proposed merger.
- Bilibili Inc. (NASDAQ: BILI) gained 12.4% to $10.36.
- Canadian Solar Inc. (NASDAQ: CSIQ) rose 12.3% to $23.64. Recurrent Energy, a subsidiary of Canadian Solar, announced a $500 million capital commitment from BlackRock to grow its global renewable energy platform.
- NIO Inc. (NYSE: NIO) gained 10.7% to $6.63. Shares of Chinese stocks traded higher following reports suggesting China is considering a stock market rescue package.
- Alcoa Corporation (NYSE: AA) rose 9% to $30.09.
- Alibaba Group Holding Limited (NYSE: BABA) gained 7.7% to $73.94. Shares of Chinese stocks traded higher following reports suggesting China is considering a stock market rescue package.
- United Airlines Holdings, Inc. (NASDAQ: UAL) shares rose 6.8% to $41.06 as the company reported better-than-expected financial results for its fourth quarter.
- Rumble Inc. (NASDAQ: RUM) gained 6.8% to $5.22. Rumble shares jumped over 36% on Monday after the company announced a partnership with Barstool Sports.
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Losers- Vroom, Inc. (NASDAQ: VRM) shares fell 41.3% to $0.31 after the company announced it is discontinuing its operations and winding down its used vehicle dealership business.
- Revelation Biosciences, Inc. (NASDAQ: REVB) dipped 26.1% to $0.3102. Revelation Biosciences announced a 1-for-30 reverse stock split effective Jan. 25, 2024.
- Nutex Health Inc. (NASDAQ: NUTX) fell 25.1% to $0.1405. Nutex Health announced pricing of $10.0 million registered direct offering of common stock and warrants.
- Globavend Holdings Limited (NASDAQ: GVH) declined 18.5% to $0.79.
- Diversified Energy Company PLC (NYSE: DEC) fell 17.9% to $10.90.
- Inovio Pharmaceuticals, Inc. (NASDAQ: INO) fell 16.3% to $0.5790. INOVIO Pharmaceuticals announced a 1-for-12 reverse stock split effective Jan. 24, 2024.
- Agrify Corporation (NASDAQ: AGFY) declined 14.7% to $0.7484.
- Presto Automation Inc. (NASDAQ: PRST) fell 14.4% to $0.2695.
- ETAO International Co., Ltd. (NASDAQ: ETAO) fell 13.6% to $0.2402.
- Remark Holdings, Inc. (NASDAQ: MARK) shares fell 12.9% to $0.4701 after jumping 40% on Monday.
- Brera Holdings PLC (NASDAQ: BREA) fell 11.8% to $1.9110 after jumping 64% on Monday.
- Gyre Therapeutics, Inc. (NASDAQ: GYRE) declined 11.2% to $17.13.
- Aravive, Inc. (NASDAQ: ARAV) shares fell 10.3% to $0.0435. Aravive recently announced it will delist from the Nasdaq.
- ImmunityBio, Inc. (NASDAQ: IBRX) fell 9.9% to $3.29.
- Logitech International S.A. (NASDAQ: LOGI) fell 9.9% to $86.46 after the company reported third-quarter results.
- MSP Recovery, Inc. (NASDAQ: LIFW) shares fell 9% to $1.1655 after gaining more than 5% on Monday.
- D.R. Horton, Inc. (NYSE: DHI) fell 9% to $143.54 after the company reported mixed first-quarter results.
- Canaan Inc. (NASDAQ: CAN) fell 9% to $1.5750.
- China Liberal Education Holdings Limited (NASDAQ: CLEU) shares fell 8.7% to $2.41 after surging around 28% on Monday.
- Sagimet Biosciences Inc. (NASDAQ: SGMT) declined 7.6% to $17.03. Sagimet Biosciences shares jumped 170% on Monday after the company announced denifanstat in the Phase 2b FASCINATE-2 clinical trial achieved statistically significant results on the primary and multiple secondary endpoints.
- Quanta Services, Inc. (NYSE: PWR) dipped 7.2% to $188.89.
- Mesoblast Limited (NASDAQ: MESO) shares declined 4.8% to $1.7330. The FDA recently granted rare pediatric disease designation to Mesoblast's Revascor® for treating children with congenital heart disease.
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