Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Humana Inc. (NYSE: HUM) fell sharply during Thursday’s session after the company reported fourth-quarter FY23 earnings and issued 2024 guidance.
The company reported a Q4 adjusted loss of 11 cents per share, a turnaround from EPS income of $1.97 per share a year ago, missing the consensus for a loss of 5 cents per share. The insurer reported adjusted revenue of $25.73 billion, compared to $21.30 billion a year ago and the consensus of $25.55 billion.
Humana shares dipped 11.3% to $356.93 on Thursday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Onconetix, Inc. (NASDAQ: ONCO) shares surged 137% to $0.3519 after falling over 4% on Wednesday.
- Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) gained 97% to $4.0527 after the company announced the completion of the safety tolerability evaluation in its Phase 1b trial of Next Generation Capecitabine.
- Enviva Inc. (NYSE: EVA) climbed 47.4% to $0.5239.
- Vera Therapeutics, Inc. (NASDAQ: VERA) shares jumped 46% to $24.84 after the company announced 72-week data from the OLE period of its Phase 2b ORIGIN clinical trial. Also, Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $26 price target.
- Rail Vision Ltd. (NASDAQ: RVSN) gained 43.8% to $7.78. Foresight's affiliate Rail Vision's Main Line System secured EU Railway Standards approval and certifications.
- LAVA Therapeutics N.V. (NASDAQ: LVTX) rose 37.4% to $2.13 after the company announced a clinical trial collaboration and supply agreement with Merck & Co. to evaluate LAVA-1207 in combination with KEYTRUDA.
- Acutus Medical, Inc. (NASDAQ: AFIB) shares climbed 30.6% to $0.29. Acutus Medical has been granted European patent number EP3043701 titled "Devices and Methods for Determination of Electrical Dipole Densities on a Cardiac Surface (And Methods for Diagnosing Tissue Health)."
- Prairie Operating Co. (NASDAQ: PROP) gained 28.8% to $8.17.
- American Superconductor Corporation (NASDAQ: AMSC) shares climbed 28.4% to $12.52 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.
- CCSC Technology International Holdings Limited (NASDAQ: CCTG) rose 26.6% to $18.82.
- Clearmind Medicine Inc. (NASDAQ: CMND) gained 25.8% to $1.4601.
- Cyngn Inc. (NASDAQ: CYN) gained 23.3% to $0.2256 after the company disclosed a strategic shift to Nvidia AI computers that will transform the technology powering its fleet of DriveMod autonomous industrial vehicles.
- Richtech Robotics Inc. (NASDAQ: RR) rose 21.3% to $9.10. Richtech Robotics signed a Letter of Intent with Ghost Kitchens International.
- AlTi Global, Inc. (NASDAQ: ALTI) surged 20.8% to $6.82 after Raymond James upgraded the stock from Market Perform to Strong Buy and announced a $9 price target.
- C3is Inc. (NASDAQ: CISS) jumped 19.1% to $0.1579. Aegis Capital Corp. acted as sole bookrunner on an upsized $7.0 million underwritten public offering for C3is.
- Hut 8 Corp. (NASDAQ: HUT) climbed 14.7% to $7.28.
- Charge Enterprises, Inc. (NASDAQ: CRGE) rose 13.6% to $0.1672 following a 6% decline on Wednesday.
- Biomea Fusion, Inc. (NASDAQ: BMEA) gained 12.8% to $16.92
- United Rentals, Inc. (NYSE: URI) gained 12.7% to $649.95 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
- Alpine Immune Sciences, Inc. (NASDAQ: ALPN) jumped 12.4% to $20.88
- Nokia Oyj (NYSE: NOK) gained 12.3% to $3.8299 after the company reported fourth-quarter financial results.
- Xerox Holdings Corporation (NYSE: XRX) gained 12.3% to $18.47 following quarterly results.
- ADT Inc. (NYSE: ADT) gained 10.2% to $6.81 after the company announced it will exit its residential solar business. The company also said it would increase its dividend and authorize a $350 million share repurchase program.
- International Business Machines Corporation (NYSE: IBM) shares gained 9.9% to $191.19 as the company reported reported stronger-than-expected results for its fourth quarter.
- American Airlines Group Inc. (NASDAQ: AAL) jumped 9.6% to $15.27 after the company reported better-than-expected fourth-quarter results.
- NextEra Energy Partners, LP (NYSE: NEP) climbed 9.3% to $29.35 after the company reported quarterly financial results.
- W. R. Berkley Corporation (NYSE: WRB) gained 7.2% to $83.30 after the company reported better-than-expected quarterly financial results.
- TAL Education Group (NYSE: TAL) gained 6.5% to $12.03 following a third-quarter revenue beat. Additionally, JP Morgan upgraded the stock to Overweight.
- Alaska Air Group, Inc. (NYSE: ALK) rose 5.1% to $37.63 following upbeat earnings.
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Losers- RedHill Biopharma Ltd. (NASDAQ: RDHL) shares dropped 44.4% to $0.6009 after the company announced an $8 million registered direct offering.
- VS MEDIA Holdings Limited (NASDAQ: VSME) shares fell 22.1% to $0.5049 after jumping around 98% on Wednesday.
- Columbia Banking System, Inc. (NASDAQ: COLB) fell 21.9% to $19.98 after the company reported worse-than-expected fourth-quarter financial results.
- Polished.com Inc. (NYSE: POL) fell 21.8% to $3.71.
- Akoustis Technologies, Inc. (NASDAQ: AKTS) shares fell 21.8% to $0.5508 after the company announced pricing of a public offering of $10 million of common stock.
- MarineMax, Inc. (NYSE: HZO) dipped 19.9% to $26.61 after the company reported worse-than-expected first-quarter adjusted EPS results and issued FY24 adjusted EPS guidance below estimates.
- Marpai, Inc. (NASDAQ: MRAI) fell 17.3% to $1.43.
- Inseego Corp. (NASDAQ: INSG) fell 16.6% to $2.0362.
- Concentrix Corporation (NASDAQ: CNXC) fell 16.2% to $87.10 after the company issued first-quarter and FY24 guidance below consensus estimates.
- Immix Biopharma, Inc. (NASDAQ: IMMX) declined 16.2% to $3.92.
- Tesla, Inc. (NASDAQ: TSLA) shares fell 13.1% to $180.61 after the company reported downbeat earnings and sales results for its fourth quarter.
- Rackspace Technology, Inc. (NYSE: RXT) fell 12.8% to $1.6750.
- ESSA Pharma Inc. (NASDAQ: EPIX) fell 11.2% to $7.81. ESSA Pharma presented updated Phase 1 masofaniten clinical data at the 2024 ASCO Genitourinary Cancers Symposium.
- Phunware, Inc. (NASDAQ: PHUN) declined 11.1% to $0.3075 after dipping around 20% on Wednesday.
- Virtu Financial, Inc. (NASDAQ: VIRT) fell 9.6% to $17.35 after the company reported worse-than-expected fourth-quarter financial results.
- Old Republic International Corporation (NYSE: ORI) fell 9.6% to $27.43 as the company reported worse-than-expected fourth-quarter results.
- Carpenter Technology Corporation (NYSE: CRS) fell 7.4% to $61.08 following mixed quarterly earnings.
- Marine Products Corporation (NYSE: MPX) declined 7% to $ 10.27 following fourth-quarter results.
- ATI Inc. (NYSE: ATI) fell 6.4% to $40.18.
- Hexcel Corporation (NYSE: HXL) shares declined 6.4% to $66.98 after reporting weak quarterly results.
- LG Display Co., Ltd. (NYSE: LPL) shares fell 3% to $4.5250 after the company reported fourth-quarter financial results.
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