Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter financial results.
C.H. Robinson Worldwide posted adjusted earnings of 50 cents per share, missing market estimates if 81 cents per share. The company’s quarterly sales came in at $4.20 billion versus estimates of $4.34 billion.
C.H. Robinson Worldwide shares dipped 12.6% to $73.49 on Thursday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Minim, Inc. (NASDAQ: MINM) shares climbed 57.3% to $6.45. David E. Lazar recently disclosed a 51% active stake in Minim.
- Clearmind Medicine Inc. (NASDAQ: CMND) jumped 51% to $2.17. Clearmind Medicine announced long-term licensing agreement with BIRAD.
- NeuroBo Pharmaceuticals, Inc. (NASDAQ: NRBO) climbed 52.9% to $5.00. NeuroBo Pharmaceuticals announced FDA clearance of IND for Phase 1 clinical trial of DA-1726 for the treatment of obesity.
- FibroBiologics, Inc. (NASDAQ: FBLG) shares climbed 47.4% to $42.90. FibroBiologics announced direct listing on the NASDAQ.
- Celularity Inc. (NASDAQ: CELU) rose 36% to $0.5191. Celularity said it sees FY24 net sales of $50 million to $56 million.
- Cimpress plc (NASDAQ: CMPR) jumped 28.8% to $96.90 after the company reported better-than-expected second-quarter financial results and said the board authorized the repurchase of up to $150 million of company shares.
- TuSimple Holdings Inc. (NASDAQ: TSP) rose 28% to $0.2950.
- Elevai Labs, Inc. (NASDAQ: ELAB) gained 23.5% to $0.84 after gaining 8% on Wednesday.
- Asset Entities Inc. (NASDAQ: ASST) climbed 22.8% to $0.5650.
- Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) shares jumped 20.4% to $0.6649. Kiora Pharmaceuticals announced a private placement of up to $45 million.
- Evaxion Biotech A/S (NASDAQ: EVAX) gained 19.5% to $4.70. Evaxion Biotech announced pricing of $15 million public offering of 3.750 million ADS at $4.00 per ADS.
- Nextracker Inc. (NASDAQ: NXT) rose climbed 18.8% to $53.79 after the company reported better-than-expected third-quarter financial results.
- SunPower Corporation (NASDAQ: SPWR) jumped 18.1% to $3.5791.
- BioRestorative Therapies, Inc. (NASDAQ: BRTX) gained 16.4% to $1.8850.
- Corteva, Inc. (NYSE: CTVA) gained 16.2% to $52.84 after the company reported better-than-expected quarterly financial results, issued 2024 guidance and announced a $1 billion repurchase plan.
- Nextracker Inc. (NYSE: NXT) jumped 16.1% to $52.56 after the company reported better-than-expected quarterly financial results.
- Yoshiharu Global Co. (NASDAQ: YOSH) rose 15.9% to $5.10.
- FuelCell Energy, Inc. (NASDAQ: FCEL) gained 15.7% to $1.3885.
- Plug Power Inc. (NASDAQ: PLUG) climbed 12.2% to $4.9900. Plug Power said it completed first customer fill of liquid green hydrogen at its Georgia plant.
- Credit Acceptance Corporation (NASDAQ: CACC) jumped 11.9% to $605.43 following upbeat earnings.
- Digi International Inc. (NASDAQ: DGII) gained 11.7% to $27.17 following strong results.
- Oragenics, Inc. (NYSE: OGEN) gained 11.1% to $2.5561 after dipping around 34% on Wednesday. Oragenics recently announced termination of at-market offering program.
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) climbed 10.9% to $28.77 following upbeat earnings.
- Ferrari N.V. (NYSE: RACE) gained 10.4% to $382.17 after the company reported fourth-quarter financial results and issued 2024 guidance.
- Etsy, Inc. (NASDAQ: ETSY) rose 9.6% to $72.95 after the company announced the appointment of Elliott Investment Management’s Marc Steinberg to its board.
- Boot Barn Holdings, Inc. (NYSE: BOOT) gained 8.4% to $77.79 following upbeat earnings.
- Sally Beauty Holdings, Inc. (NYSE: SBH) jumped 7.4% to $13.24 following upbeat earnings.
- EverQuote, Inc. (NASDAQ: EVER) gained 7.2% to $13.53.
- Deutsche Bank Aktiengesellschaft (NYSE: DB) shares gained 6.2% to $13.65 after the company posted fourth-quarter results and announced plans to cut 3,500 jobs. Deutsche Bank plans to increase both share repurchases and dividends by at least 50% year-over-year in 2024.
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Losers- Revelation Biosciences, Inc. (NASDAQ: REVB) shares dipped 61.1% to $3.4268 after the company announced pricing of $6.2 million public offering.
- InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 49% to $0.3267. InVivo Therapeutics Holdings and subsidiary filed for Chapter 11 bankruptcy in Delaware but plan to continue operating under court supervision as a debtor-in-possession.
- Hesai Group (NASDAQ: HSAI) declined 28.2% to $4.1817. Hesai Group issued a statement on the U.S. Department of Defense "Chinese Military Companies" list.
- FibroBiologics, Inc. (NASDAQ: FBLG) fell 27.4% to $21.12.
- Volcon, Inc. (NASDAQ: VLCN) shares dipped 24.3% to $0.1020 after the company announced a 1-for-45 reverse stock split.
- Peloton Interactive, Inc. (NASDAQ: PTON) fell 22.9% to $4.2850 after the company reported mixed second-quarter financial results and issued third-quarter revenue guidance below estimates.
- CareMax, Inc. (NASDAQ: CMAX) fell 21.4% to $8.10.
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) shares declined 21.3% to $1.4320.
- Earlyworks Co., Ltd (NASDAQ: ELWS) fell 21.2% to $0.44 after surging more than 55% on Wednesday.
- Infobird Co., Ltd (NASDAQ: IFBD) shares declined 20.6% to $1.0799 after surging over 115% on Wednesday.
- Alaunos Therapeutics, Inc. (NASDAQ: TCRT) fell 19.3% to $2.0410.
- Rocket Lab USA, Inc. (NASDAQ: RKLB) shares declined 18.7% to $3.9450 after the company announced a proposed offering of $275 million convertible senior notes.
- Bullfrog AI Holdings, Inc. (NASDAQ: BFRG) fell 18.4% to $3.9736 after declining 9% on Wednesday. Bullfrog AI Holdings recently filed shelf offering of 786,938 shares and accompanying warrants at $6.63 per share and accompanying warrant.
- Thermon Group Holdings, Inc. (NYSE: THR) fell 16.2% to $27.45 following third-quarter results.
- Polestar Automotive Holding UK PLC (NASDAQ: PSNY) declined 15.9% to $1.8250 after Volvo Cars said it will no longer provide further funding to the company.
- Surmodics, Inc. (NASDAQ: SRDX) fell 14.9% to $29.97 following first-quarter results.
- MaxLinear, Inc. (NYSE: MXL) shares dipped 14.4% to $17.83 after reporting fourth-quarter results.
- 8x8, Inc. (NASDAQ: EGHT) fell 13.5% to $2.9050 following weak sales.
- New York Community Bancorp, Inc. (NYSE: NYCB) dipped 13.5% to $5.60 after multiple firms downgraded the stock following the company's fourth-quarter results.
- IHS Holding Limited (NYSE: IHS) fell 11.9% to $3.5050.
- Western Alliance Bancorporation (NYSE: WAL) dipped 10% to $57.58.
- Aflac Incorporated (NYSE: AFL) shares declined 9.7% to $76.17 after the company reported worse-than-expected fourth-quarter financial results.
- Markel Group Inc. (NYSE: MKL) dipped 9.4% to $1,356.53 after the company reported 2023 financial results.
- Wolfspeed, Inc. (NYSE: WOLF) shares fell 9.2% to $29.56 following the company's second-quarter earnings.
- Valley National Bancorp (NASDAQ: VLY) dipped 8% to $8.85.
- Zions Bancorporation, National Association (NASDAQ: ZION) fell 6.6% to $39.12.
- ING Groep N.V. (NYSE: ING) shares declined 5.9% to $13.37 following fourth-quarter results.
- Sanofi (NASDAQ: SNY) fell 3.2% to $48.33 after the company posted fourth-quarter results and named François-Xavier Roger as Chief Financial Officer.
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