Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of The Container Store Group, Inc. (NYSE: TCS) shares fell sharply during Wednesday’s session following weak quarterly results.
Container Store Group posted adjusted loss of 8 cents per share, compared to market expectations for a loss of 5 cents per share. The company’s quarterly sales came in at $214.90 million versus estimates of $220.72 million.
Container Store Group shares dipped 22.7% to $1.3150 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- MicroCloud Hologram Inc. (NASDAQ: HOLO) shares jumped 400% to $7.51. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
- SMX (Security Matters) Public Limited Company (NASDAQ: SMX) shares climbed 138% to $0.5528.
- Glatfelter Corporation (NYSE: GLT) climbed 68.8% to $2.1450 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.
- MariaDB plc (NYSE: MRDB) gained 57% to $0.3782 after jumping more than 26% on Tuesday.
- ThermoGenesis Holdings, Inc. (NASDAQ: THMO) climbed 37.7% to $0.8101.
- Recon Technology, Ltd. (NASDAQ: RCON) rose 33.3% to $0.1934.
- Ault Alliance, Inc. (NYSE: AULT) surged 28.1% to $0.4549. Ault Alliance said it determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments.
- Luokung Technology Corp. (NASDAQ: LKCO) gained 27.4% to $0.6269.
- MicroAlgo Inc. (NASDAQ: MLGO) rose 27% to $0.4939.
- Aviat Networks, Inc. (NASDAQ: AVNW) surged 23.7% to $37.20 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
- Jianpu Technology Inc. (NYSE: JT) gained 18.5% to $0.7584.
- Enphase Energy, Inc. (NASDAQ: ENPH) rose 17.7% to $118.36 after the company reported quarterly financial results.
- Sonos, Inc. (NASDAQ: SONO) gained 17.6% to $19.36 after the company reported better-than-expected quarterly financial results.
- XPO, Inc. (NYSE: XPO) climbed 16.6% to $114.34 after the company reported better-than-expected fourth-quarter financial results.
- Cirrus Logic, Inc. (NASDAQ: CRUS) gained 15.1% to $90.28 after the company reported better-than-expected quarterly financial results.
- Green Plains Inc. (NASDAQ: GPRE) climbed 14.6% to $22.94 following quarterly results.
- Hitek Global Inc. (NASDAQ: HKIT) rose 14.1% to $0.81.
- Griffon Corporation (NYSE: GFF) gained 13.8% to $68.55 following upbeat results.
- REGENXBIO Inc. (NASDAQ: RGNX) rose 13.3% to $14.78. Regenxbio has completed enrollment at dose level 2 and reported additional interim safety and efficacy in Phase 1/2 AFFINITY DUCHENNE trial of Rgx-202 in patients with Duchenne Muscular Dystrophy ages 4 to11 years old.
- O-I Glass, Inc. (NYSE: OI) climbed 12.7% to $16.19 following upbeat results.
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) rose 11.3% to $6.93. Frontier reported fourth-quarter financial results and issued guidance.
- Silicon Laboratories Inc. (NASDAQ: SLAB) jumped 11.1% to $131.43 after the company reported better-than-expected quarterly financial results and issued guidance.
- Griid Infrastructure Inc. (NASDAQ: GRDI) gained 10.9% to $2.35 after gaining over 4% on Tuesday.
- Emerson Electric Co. (NYSE: EMR) climbed 10.8% to $104.44 after the company reported better-than-expected quarterly earnings and raised FY24 outlook.
- Yum China Holdings, Inc. (NYSE: YUMC) shares rose 9.9% to $41.14 after the company reported fourth-quarter financial results and increased its dividend.
- IHS Holding Limited (NYSE: IHS) gained 8.1% to $3.1250.
- Fortinet, Inc. (NASDAQ: FTNT) rose 4% to $70.13 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
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Losers- Snap Inc. (NYSE: SNAP) shares dipped 35.2% to $11.30 after the company reported mixed fourth-quarter results.
- Sunworks, Inc. (NASDAQ: SUNW) shares fell 29.1% to $0.0617. Sunworks shares dipped 58% on Tuesday after the company announced it ceased operations and filed voluntary petitions for relief under the provisions of Chapter 7 of Title 11 of the United States Code.
- CytoMed Therapeutics Limited (NASDAQ: GDTC) dipped 26.7% to $2.25.
- fuboTV Inc. (NYSE: FUBO) shares fell 25.7% to $1.8650 after gaining around 4% on Tuesday.
- Volcon, Inc. (NASDAQ: VLCN) tumbled 23.6% to $2.62.
- The E.W. Scripps Company (NASDAQ: SSP) fell 22.8% to $5.74.
- MedAvail Holdings, Inc. (NASDAQ: MDVL) shares declined 20.4% to $2.61 after jumping 92% on Tuesday.
- Triumph Group, Inc. (NYSE: TGI) fell 18.8% to $13.35 after the company reported below-consensus third-quarter results and cut the FY24 outlook.
- Perion Network Ltd. (NASDAQ: PERI) fell 18.6% to $24.00 after the company issued worse-than-expected FY24 outlook.
- ePlus inc. (NASDAQ: PLUS) shares declined 17.6% to $64.50 after the company reported worse-than-expected third-quarter results.
- The Hain Celestial Group, Inc. (NASDAQ: HAIN) fell 16.9% to $9.42 after the company reported worse-than-expected quarterly revenue results.
- Soho House & Co Inc. (NYSE: SHCO) fell 15.9% to $5.20.
- KKR Real Estate Finance Trust Inc. (NYSE: KREF) shares dipped 14.3% to $10.09 following fourth-quarter results.
- Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) fell 14.1% to $22.11. The company reported second-quarter financial results and issued revenue guidance.
- New York Community Bancorp, Inc. (NYSE: NYCB) shares declined 12.8% to $3.6599. Fitch downgraded NYCB’s long-term credit rating to one notch above non-investment grade at BBB-. Moody’s downgraded NYCB's debt rating from Baa3 to Ba2.
- Viasat, Inc. (NASDAQ: VSAT) fell 12.7% to $19.88 after the company reported quarerly financial results.
- V.F. Corporation (NYSE: VFC) shares declined 12.2% to $14.88 after the company reported worse-than-expected third-quarter financial results.
- Vestis Corporation (NYSE: VSTS) fell 10.2% to $20.03 after the company reported worse-than-expected first-quarter sales results.
- Rekor Systems, Inc. (NASDAQ: REKR) fell 9.5% to $2.7150 after the company announced the launch of a proposed follow-on public offering of common stock.
- Berry Global Group, Inc. (NYSE: BERY) fell 9.2% to $58.35 after the company reported below-consensus first-quarter FY24 results and disclosed a deal for a tax-free spin-off and merger of Berry's Health.
- Valley National Bancorp (NASDAQ: VLY) declined 8.3% to $7.49.
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) fell 6.6% to $0.5790 after surging 77% on Tuesday.
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