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Why International Flavors & Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Published 21/02/2024, 18:50
Updated 21/02/2024, 20:10
© Reuters.  Why International Flavors & Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of International Flavors & Fragrances Inc. (NYSE: IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.

International Flavors & Fragrances shares dipped 8.4% to $75.11 on Wednesday.

Here are some other stocks moving in today's mid-day session.

Gainers

  • Greenbrook TMS Inc. (NASDAQ: GBNH) climbed 120.8% to $0.4351. Greenbrook TMS raised $2.5 million in debt financing.
  • Emergent BioSolutions Inc. (NYSE: EBS) gained 84% to $2.8050. Emergent BioSolutions appointed Joseph Papa as President and CEO, effective Feb. 21, 2024.
  • Ventyx Biosciences, Inc. (NASDAQ: VTYX) gained 77.2% to $5.30. Traders circulated unconfirmed analyst comments suggesting co might be the next big weight loss drug citing a new publication showing NLRP3 has significant weight loss similar to GLP-1.
  • Sound Group Inc. (NASDAQ: SOGP) shares rose 63.1% to $4.60. Sound Group announced the launch of new AI-powered applications.
  • Motus GI Holdings, Inc. (NASDAQ: MOTS) shares rose 59.4% to $1.04 after the company was granted U.S. Patent #11904085 for 'Systems And Methods For Cleaning A Colon.'
  • Origin Agritech Limited (NASDAQ: SEED) gained 34% to $3.11. Origin Agritech increased revenue by 77% year-over-year for the fiscal year ended Sep. 30, 2023.
  • Gentherm Incorporated (NASDAQ: THRM) shares jumped 24.7% to $61.48 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
  • RAPT Therapeutics, Inc. (NASDAQ: RAPT) gained 24% to $8.52.
  • Energy Focus, Inc. (NASDAQ: EFOI) shares jumped 23.4% to $1.7050.
  • MediaAlpha, Inc. (NYSE: MAX) rose 19% to $18.80 after the company reported better-than-expected fourth-quarter financial results.
  • Janux Therapeutics, Inc. (NASDAQ: JANX) gained 18% to $11.75. Janux Therapeutics will host virtual event on Feb. 26th, 2024, at 4:30PM ET to discuss updated clinical data for PSMA-TRACTr JANX007 and EGFR-TRACTr JANX008.
  • Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) rose 15.9% to $13.95.
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) jumped 12.9% to $6.24 after the company reported fourth-quarter financial results.
  • Garmin Ltd.(NYSE: GRMN) rose 12.2% to $137.72 after the company reported fourth-quarter financial results and issued FY24 revenue guidance above estimates, recommended boosting annual dividend and authorized share buyback.
  • Select Water Solutions, Inc. (NYSE: WTTR) gained 11.7% to $8.77 following strong earnings.
  • The Hackett Group, Inc. (NASDAQ: HCKT) surged 11.2% to $25.48 following upbeat results.
  • LivaNova PLC (NASDAQ: LIVN) jumped 8.8% to $57.28 following upbeat earnings.
  • EQT Corporation (NYSE: EQT) gained 8.8% to $36.69.
  • Wix.com Ltd. (NASDAQ: WIX) gained 8.6% to $136.15 following fourth-quarter results.
  • Bausch + Lomb Corporation (NYSE: BLCO) gained 8.6% to $15.84 after reporting quarterly results.
  • Wix.com Ltd. (NASDAQ: WIX) gained 8.2% to $135.56 following fourth-quarter results.
  • NeoGenomics, Inc. (NASDAQ: NEO) rose 7.4% to $15.78 after the company reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates.
  • Toll Brothers, Inc. (NYSE: TOL) gained 6.6% to $110.42 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.
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Losers
  • AtlasClear Holdings, Inc. (NYSE: ATCH) shares tumbled 41% to $1.19.
  • Shineco, Inc. (NASDAQ: SISI) dipped 33.4% to $1.53 after gaining around 56% on Tuesday.
  • Synchronoss Technologies, Inc. (NASDAQ: SNCR) fell 32.2% to $8.30.
  • U Power Limited (NASDAQ: UCAR) dipped 30% to $0.0710 after the company received a delisting notice from the Nasdaq Stock Market due to its ordinary shares’ closing bid price falling below $0.10 for ten consecutive trading days, as per the Low Priced Stocks Rule.
  • MoneyHero Limited (NASDAQ: MNY) fell 28% to $2.2259.
  • Community Health Systems, Inc. (NYSE: CYH) fell 27.3% to $2.9350 after the company reported fourth-quarter financial results.
  • Palo Alto Networks, Inc. (NASDAQ: PANW) shares dipped 26.2% to $270.29 after the company issued third-quarter guidance below estimates.
  • Teladoc Health, Inc. (NYSE: TDOC) shares fell 25.3% to $15.31 after the company reported mixed fourth-quarter financial results and issued weak guidance.
  • Unisys Corporation (NYSE: UIS) fell 24.5% to $5.88 after the company reported quarterly financial results.
  • Pop Culture Group Co., Ltd (NASDAQ: CPOP) fell 21.3% to $5.66 after jumping 171% on Tuesday.
  • Amplitude, Inc. (NASDAQ: AMPL) fell 16.6% to $11.73 after the company reported mixed fourth-quarter financial results and issued weak guidance.
  • SolarEdge Technologies, Inc. (NASDAQ: SEDG) shares fell 15.7% to $71.20 after the company reported mixed fourth-quarter financial results.
  • Matterport, Inc. (NASDAQ: MTTR) shares fell 15.4% to $2.1450 after the company posted weak quarterly sales and issued downbeat forecast.
  • Zscaler, Inc. (NASDAQ: ZS) fell 14.8% to $212.15.
  • Medifast, Inc. (NYSE: MED) declined 14.3% to $41.95 after the company issued weak guidance.
  • Avinger, Inc. (NASDAQ: AVGR) shares fell 14.3% to $4.57 after surging 83% on Tuesday.
  • Photronics, Inc. (NASDAQ: PLAB) fell 13% to $27.17 after the company reported first-quarter financial results below estimates.
  • Workiva Inc. (NYSE: WK) fell 12.3% to $82.55 following quarterly results.
  • Fisker Inc. (NYSE: FSR) fell 11.4% to $0.5582.
  • Biofrontera Inc. (NASDAQ: BFRI) shares fell 6.1% to $1.0794. Biofrontera shares jumped 53% on Tuesday after the company announced a private placement of up to $16 million priced at the market per Nasdaq rules.
  • Sprout Social, Inc. (NASDAQ: SPT) shares declined 5.4% to $61.01 after the company reported fourth-quarter financial results and issued guidance.
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