Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Cutera, Inc. (NASDAQ: CUTR) fell sharply during Friday’s session after the company reported worse-than-expected fourth quarter adjusted EPS results.
Cutera posted adjusted loss of $1.36 per share, compared to market estimates for a loss of 94 cents per share. The company’s quarterly sales came in at $49.540 million, versus expectations of $47.500 million, according to data from Benzinga Pro.
Cutera shares dipped 26.5% to $1.6899 on Friday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Murano Global Investments PLC (NASDAQ: MRNO) shares jumped 147.5% to $23.94 after falling 46% on Thursday.
- Nova LifeStyle, Inc. (NASDAQ: NVFY) surged 120% to $4.0301 after gaining around 22% on Thursday.
- BIOLASE, Inc. (NASDAQ: BIOL) shares climbed 50.4% to $0.2256 after the company reported better-than-expected fourth-quarter earnings results.
- IMAC Holdings, Inc. (NASDAQ: BACK) gained 41.1% to $1.8204.
- Summit Midstream Partners, LP (NYSE: SMLP) surged 36.1% to $26.45 after the company announced the sale of its Utica position for $625 million.
- Outlook Therapeutics, Inc. (NASDAQ: OTLK) gained 32.1% to $9.30 after the company announced it received a positive European Union CHMP opinion for ONS-5010 as a treatment for Wet AMD.
- GT Biopharma, Inc. (NASDAQ: GTBP) gained 27.6% to $4.86.
- Aemetis, Inc. (NASDAQ: AMTX) rose 21% to $6.21. Aemetis recently announced approval by the U.S. Citizenship and Immigration Services for a $200 million of EB-5 program investment for the Riverbank sustainable aviation fuel, production plant, the dairy renewable natural gas project, the carbon sequestration project and energy efficiency upgrades to the Keyes ethanol plant.
- Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) gained 20.4% to $1.1796. Foresight Autonomous said Eye-Net and Softbank completed technology validation phase for connected mobility applications in Japan.
- Intellicheck, Inc. (NASDAQ: IDN) gained 19.4% to $2.09 after the company reported a year-over-year increase in fourth-quarter EPS results.
- Worthington Steel, Inc. (NYSE: WS) climbed 18.8% to $37.92 as the company posted stronger-than-expected results for its third quarter on Thursday.
- Canopy Growth Corporation (NASDAQ: CGC) rose 18.6% to $5.41.
- Annexon, Inc. (NASDAQ: ANNX) climbed 17.3% to $7.14.
- Ocugen, Inc. (NASDAQ: OCGN) gained 12.5% to $1.5090 after gaining 8% on Thursday. Ocugen recently appointed Huma Qamar, MD, MPH as Chief Medical Officer.
- Lithium Americas (Argentina) Corp. (NYSE: LAAC) rose 12.2% to $5.77.
- Dianthus Therapeutics, Inc. (NASDAQ: DNTH) surged 11% to $30.84 following upbeat results.
- Griid Infrastructure Inc. (NASDAQ: GRDI) gained 10.9% to $1.22.
- Astera Labs, Inc. (NASDAQ: ALAB) rose 9.6% to $70.30.
- FedEx Corporation (NYSE: FDX) rose gained 7.9% to $285.78 after the company reported better-than-expected earnings for its third quarter and authorized a new $5 billion share repurchase program.
- Foot Locker, Inc. (NYSE: FL) rose 5% to $24.85. Citigroup analyst Paul Lejuez upgraded Foot Locker from Sell to Neutral and announced a $24 price target.
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Losers- BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) shares fell 36.4% to $2.32. BYND Cannasoft said that the previously announced 1-for-190 reverse stock split of its outstanding shares of common stock has been made effective today, March 22, 2024.
- Sintx Technologies, Inc. (NASDAQ: SINT) fell 30.4% to $0.0946 after the company announced a proposed public offering of common stock.
- Ispire Technology Inc. (NASDAQ: ISPR) fell 28% to $5.84 after the company announced the pricing of its public offering of 2.05 million shares of common stock at $6.00 per share.
- Brand Engagement Network, Inc. (NASDAQ: BNAI) declined 27.2% to $8.00.
- Nkarta, Inc. (NASDAQ: NKTX) fell 22.2% to $10.10 after the company reported fourth-quarter financial results. Following earnings, Raymond James downgraded the stock from Strong Buy to Outperform.
- Yield10 Bioscience, Inc. (NASDAQ: YTEN) fell 22.7% to $0.3358. Yield10 Bioscience recently announced that the USDA-APHIS Biotechnology Regulatory Services determined that the Camelina sativa varieties may be planted and bred in the United States.
- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) declined 20% to $1.50.
- Aterian, Inc. (NASDAQ: ATER) fell 18.3% to $2.66.
- Lixiang Education Holding Co., Ltd. (NASDAQ: LXEH) dipped 18% to $0.6026.
- Lululemon Athletica Inc. (NASDAQ: LULU) tumbled 16.6% to $399.36. Lululemon posted better-than-expected results for its fourth quarter, but issued a weak forecast for the first quarter.
- TROOPS, Inc. (NASDAQ: TROO) declined 16.3% to $1.3798.
- Li-Cycle Holdings Corp. (NYSE: LICY) dipped 14% to $1.1096.
- Cazoo Group Ltd (NYSE: CZOO) fell 13.8% to $4.0480.
- Selina Hospitality PLC (NASDAQ: SLNA) fell 12.9% to $0.2439 after jumping around 30% on Thursday.
- Grifols, S.A. (NASDAQ: GRFS) fell 11.3% to $6.01.
- Abits Group Inc. (NASDAQ: ABTS) dipped 9.9% to $0.6991 after declining over 6% on Thursday.
- Bitdeer Technologies Group (NASDAQ: BTDR) fell 9.8% to $7.17.
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) fell 9.2% to $3.2950.
- Next.e.GO N.V. (NASDAQ: EGOX) shares fell 9% to $0.0458 after dipping 16% on Thursday.
- NIKE, Inc. (NYSE: NKE) shares tumbled 8.1% to $92.63. Nike reported upbeat earnings and sales results for its third quarter on Thursday.
- JOANN Inc. (NASDAQ: JOAN) shares fell 7.8% to $0.1420 after surging 14% on Thursday.
- AAR Corp. (NYSE: AIR) fell 5.9% to $60.14 following downbeat sales.
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