Benzinga - by Lisa Levin, Benzinga Editor.
Shares of AeroVironment, Inc. (NASDAQ: AVAV) moved lower during Wednesday’s session following second-quarter results.
AeroVironment posted adjusted earnings of 97 cents per shares, beating analysts’ estimates of 62 cents per share. The company’s revenue came in at $180.8 million beating estimates of $170.908 million.
AeroVironment shares dipped 9.2% to $128.42 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Sera Prognostics, Inc. (NASDAQ: SERA) shares jumped 113.4% to $4.63 after the company announced the DSMB overseeing its PRIME study recommended stopping enrollment due to efficacy.
- MicroAlgo Inc. (NASDAQ: MLGO) gained 61.2% to $3.90 after the company announced it plans to establish a postgraduate training practice base.
- Phio Pharmaceuticals Corp. (NASDAQ: PHIO) shares climbed 37.5% to $1.54.
- Lion Group Holding Ltd. (NASDAQ: LGHL) gained 37% to $1.30 following H1 results.
- Leju Holdings Limited (NYSE: LEJU) gained 37% to $1.8362.
- Pharvaris N.V. (NASDAQ: PHVS) shares climbed 33.7% to $28.00 after the company announced the CHAPTER-1 Phase 2 clinical study met its primary endpoint.
- Greenbrook TMS Inc. (NASDAQ: GBNH) shares gained 32.6% to $0.3048 after the company announced it raised $2.5 million in debt financing.
- Webuy Global Ltd (NASDAQ: WBUY) jumped 32.4% to $7.88 after the company announced it entered into a non-binding MOU to acquire controlling interest in PT. Tiga Sakti Utama.
- Chanson International Holding (NASDAQ: CHSN) climbed 28.2% to $6.10.
- Cano Health, Inc. (NYSE: CANO) climbed 28% to $12.11.
- Phreesia, Inc. (NYSE: PHR) gained 23.5% to $18.23 following third-quarter results.
- Reliance Global Group, Inc. (NASDAQ: RELI) rose 22.7% to $0.9679.
- Clean Earth Acquisitions Corp. (NASDAQ: CLIN) shares gained 22.6% to $7.53 after falling over 3% on Tuesday.
- Arvinas, Inc. (NYSE: ARVN) rose 21.7% to $28.20. Arvinas and Pfizer released clinical data for vepdegestrant (ARV-471) in combination with palbociclib (IBRANCE).
- Mesa Air Group, Inc. (NASDAQ: MESA) climbed 19.5% to $1.17. Mesa Air Group is expected to release its 2023 fourth quarter earnings after the closing bell on Thursday, Dec. 14.
- Altimmune, Inc. (NASDAQ: ALT) jumped 18.4% to $6.13.
- SentinelOne, Inc. (NYSE: S) gained 17.4% to $23.48 after the company reported stronger-than-expected results for its third quarter and raised its annual revenue outlook.
- TG Therapeutics, Inc. (NASDAQ: TGTX) surged 13.2% to $16.21.
- The Lovesac Company (NASDAQ: LOVE) rose 12.1% to $23.56 following quarterly results.
- Aspen Aerogels, Inc. (NYSE: ASPN) shares climbed 12% to $11.93. Aspen Aerogels reported additional EV Thermal barrier commercial award and issued an update on U.S. Department of Energy loan application status.
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) gained 12% to $18.09. Applied Optoelectronics recently announced a proposed private offering of $80 million of convertible senior notes due 2026.
- Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) gained 10.2% to $46.22 following quarterly results.
- Avis Budget Group, Inc. (NASDAQ: CAR) gained 9.2% to $200.80. Avis Budget declared a special cash dividend of $10.00 per share of common stock.
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Losers- NeuroSense Therapeutics Ltd. (NASDAQ: NRSN) fell 36.2% to $0.7215 after declining 24% on Tuesday. The company announced that it met its primary safety, tolerability and secondary clinical efficacy endpoints in its Phase 2b PARADIGM Trial of PrimeC in ALS.
- ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) shares dipped 32.5% to $1.0401 after the company announced pricing of a $1.1 million public offering of common shares.
- Volato Group, Inc. (NYSE: SOAR) fell 24.7% to $7.52.
- OptiNose, Inc. (NASDAQ: OPTN) fell 23.8% to $1.12 after the company announced a three-month extension of the FDA review period for the supplemental new drug application for XHANCE as a treatment for chronic rhinosinusitis.
- Nvni Group Limited (NASDAQ: NVNI) declined 20.4% to $1.3603.
- Yext, Inc. (NYSE: YEXT) shares fell 19.3% to $5.66 after the company reported third-quarter financial results and issued guidance.
- Rent the Runway, Inc. (NASDAQ: RENT) fell 19.2% to $0.5397 following third-quarter results.
- Chijet Motor Company, Inc. (NASDAQ: CJET) declined 16.2% to $0.8299.
- Asana, Inc. (NYSE: ASAN) shares fell 15.2% to $19.77. Asana posted upbeat results for its third quarter and issued a strong forecast for FY24.
- Cazoo Group Ltd (NYSE: CZOO) declined 14.1% to $34.78. Cazoo Group announced methodology update for $630 million convertible notes exchange.
- Fluence Energy, Inc. (NASDAQ: FLNC) shares fell 13% to $22.40 after the company announced a secondary offering of Class A common stock by existing controlling stockholders.
- XBP Europe Holdings, Inc. (NASDAQ: XBP) declined 11.9% to $31.01.
- BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) declined 11.3% to $5.43.
- Janover Inc. (NASDAQ: JNVR) fell 10.6% to $1.43 after surging 38% on Tuesday.
- Brown-Forman Corporation (NYSE: BF-B) fell 10.3% to $54.02 following quarterly results.
- Powell Industries, Inc. (NASDAQ: POWL) declined 10.3% to $79.25 following fourth-quarter results.
- Allarity Therapeutics, Inc. (NASDAQ: ALLR) shares fell 10.3% to $0.5197. Allarity recently announced initial results from its ongoing Phase 2 clinical trial evaluating the efficacy of stenoparib in women with advanced ovarian cancer.
- Box, Inc. (NYSE: BOX) fell 9.2% to $24.24 after the company reported worse-than-expected third-quarter financial results and issued FY24 guidance below estimates.
- British American Tobacco p.l.c. (NYSE: BTI) shares declined 8.3% to $28.93 after it reported a pre-close trading update. BAT expects to incur an accounting non-cash adjusting impairment charge relating to some U.S. cigarette brands of around £25 billion ($31.50 billion).
- Stitch Fix, Inc. (NASDAQ: SFIX) fell 8.1% to $3.5550 following quarterly results.
- MongoDB, Inc. (NASDAQ: MDB) shares fell 7.3% to $402.04 after the company reported third-quarter financial results.
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