Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Despegar.com, Corp. (NYSE: DESP) rose sharply during Wednesday’s session after the company raised its FY23 financial guidance.
The company said it now sees revenue of $690 million to $700 million, versus previous forecast of $670 million to $700 million.
Despegar.com shares gained 16.4% to $9.90 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Shattuck Labs, Inc. (NASDAQ: STTK) jumped 127.5% to $4.80 after the company announced initial topline dose-expansion data from its ongoing Phase 1A/B clinical trial of SL-172154 in combination with AZA in frontline HR-MDS and TP53m AML patients.
- ReShape Lifesciences Inc. (NASDAQ: RSLS) shares gained 63.8% to $0.4110 after the company announced it received FDA PMA supplement approval for its next-generation Lap-Band 2.0 FLEX.
- C4 Therapeutics, Inc. (NASDAQ: CCCC) shares jumped 59% to $3.7199 after the company announced data from the CFT7455 Phase 1 trial in relapsed/refractory multiple myeloma. Following the update, Stifel analyst Bradley Canino upgraded C4 Therapeutics from Hold to Buy and raised the price target from $2 to $12.
- RiskOn International, Inc. (NASDAQ: ROI) shares gained 38.3% to $0.2016 after declining 9% on Tuesday.
- Innovative International Acquisition Corp. (NASDAQ: IOAC) shares rose 36% to $11.66.
- NextPlay Technologies, Inc. (NASDAQ: NXTP) shares gained 26% to $1.1708 after surging 29% on Tuesday.
- Nephros, Inc. (NASDAQ: NEPH) rose 23% to $3.16.
- SciSparc Ltd. (NASDAQ: SPRC) gained 21.7% to $5.95 after the company announced results for MitoCareX Bio with its drug discovery platform.
- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) rose 21% to $1.35. Eos Energy and Pine Gate Renewables announced partnership expansion with a minimum additional volume Of 500MWH.
- Photronics, Inc. (NASDAQ: PLAB) gained 18.7% to $25.66 following fourth-quarter results.
- Mynaric AG (NASDAQ: MYNA) shares surged 18.2% to $5.66 after the company received a $33 million order from Northrop Grumman.
- QuantaSing Group Limited (NASDAQ: QSG) rose 17.2% to $2.4380 following first-quarter results.
- Professional Diversity Network, Inc. (NASDAQ: IPDN) gained 16% to $2.8899.
- Aurora Mobile Limited (NASDAQ: JG) shares gained 14% to $2.8254. Aurora Mobile said its subsidiary Wuhan SendCloud Technology Co., Ltd. has entered into a strategic partnership with Beijing Muhua Information Technology Co., Ltd.
- ABM Industries Incorporated (NYSE: ABM) surged 13.6% to $50.38 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
- LQR House Inc. (NASDAQ: LQR) rose 9.5% to $1.4126. LQR House announced its new marketing campaign for Soda Jerk.
- Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) gained 7.4% to $384.03 after the company announced results from its Phase 2 study of VX-548 for the treatment of painful diabetic peripheral neuropathy.
- REV Group, Inc. (NYSE: REVG) gained 7.3% to $18.31 following upbeat quarterly results.
- Cal-Maine Foods, Inc. (NASDAQ: CALM) rose 6.3% to $51.96. Cal-Maine has temporarily ceased production at a facility in Kansas following an outbreak of avian influenza at the site.
- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) shares rose 3.5% to $162.64. Take-Two will be added to the Nasdaq-100 Index, effective prior to market open on Monday, Dec. 18, 2023.
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Losers- Hywin Holdings Ltd. (NASDAQ: HYW) shares fell 46.6% to $3.0001.
- Boqii Holding Limited (NYSE: BQ) declined 33.3% to $0.6670.
- Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) fell 32.2% to $0.5497 as the company announced outcomes from meeting with the FDA regarding the company's next Phase 2 study supporting the advancement of next generation capecitabine for cancer patients.
- Loop Media, Inc. (NASDAQ: LPTV) fell 28.3% to $0.9246 following fourth-quarter results.
- TC Biopharm (Holdings) Plc (NASDAQ: TCBP) declined 27% to $0.1415. TC BioPharm announced plan to implement ADS ratio change.
- SRIVARU Holding Limited (NASDAQ: SVMH) fell 25.5% to $0.3051.
- Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) fell 24.6% to $0.2637.
- Green Giant Inc. (NASDAQ: GGE) fell 18.8% to $0.0690. Green Giant recently announced pricing of its public offering.
- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) fell 16.2% to $0.46 after gaining 7% on Tuesday.
- Blackboxstocks Inc. (NASDAQ: BLBX) fell 15.8% to $3.24. Blackboxstocks announced it executed a definitive agreement to acquire Evtec Aluminium Limited.
- IN8bio, Inc. (NASDAQ: INAB) shares fell 10.8% to $1.46 after jumping 28% on Tuesday. IN8bio recently announced updated data from its Phase 1 investigator-sponsored trial of INB-100 in patients with hematologic malignancies.
- Target Hospitality Corp. (NYSE: TH) declined 11% to $9.74 as the company lowered its FY23 guidance.
- Medifast, Inc. (NYSE: MED) fell 9% to $68.66. LifeMD announced a strategic alliance with Medifast to offer transformative weight management solution.
- Pfizer Inc. (NYSE: PFE) declined 8.8% to $26.07 after the company provided FY24 guidance.
- JetBlue Airways Corporation (NASDAQ: JBLU) fell 6.2% to $5.20.
- Southwest Airlines Co. (NYSE: LUV) fell 6% to $28.51. Southwest Airlines sees fourth-quarter unit revenues to be down 9%-10% vs. prior view of down 9%-11%.
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