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Why Jabil Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Published 15/03/2024, 18:31
© Reuters. Why Jabil Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of Jabil Inc. (NYSE: JBL) fell sharply during Friday’s session after the company reported financial second-quarter results and issued FY25 guidance below estimates.

Jabil posted adjusted earnings of $1.68 per share, beating estimates of $1.66 per share. The company’s quarterly sales came in at $6.77 billion, missing expectations of $6.89 billion.

Jabil shares dipped 14.2% to $126.56 on Friday.

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

Gainers

  • Verb Technology Company, Inc. (NASDAQ: VERB) shares jumped 189% to $0.4047. VERB's MARKET.live launched Facebook and Instagram social shopping technology integration.
  • Better Therapeutics, Inc. (NASDAQ: BTTX) surged 108% to $0.0728. Better Therapeutics recently said it will seek strategic alternatives and will be delisted from the Nasdaq.
  • Jet.AI Inc. (NASDAQ: JTAI) shares climbed 76.7% to $1.1950.
  • Cardlytics, Inc. (NASDAQ: CDLX) rose 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.
  • American Vanguard Corporation (NYSE: AVD) climbed 25.8% to $13.32 following fourth-quarter financial results.
  • Blend Labs, Inc. (NASDAQ: BLND) climbed 24.3% to $2.92 after the company reported fourth-quarter financial results.
  • HCM Acquisition Corp (NASDAQ: HCMA) gained 22.8% to $12.00.
  • Solidion Technology Inc. (NASDAQ: STI) rose 22.2% to $1.5897. The company announced the pricing of a $3.85 million private placement.
  • Tredegar Corporation (NYSE: TG) surged 18% to $4.73 following fourth-quarter financial results.
  • BranchOut Food Inc. (NASDAQ: BOF) rose 17.3% to $2.20. BranchOut Food will debut new products at Natural Products Expo West.
  • Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) rose 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.
  • Secoo Holding Limited (NASDAQ: SECO) gained 16% to $0.5017.
  • Direct Digital Holdings, Inc. (NASDAQ: DRCT) jumped 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.
  • EHang Holdings Limited (NASDAQ: EH) jumped 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.
  • WW International, Inc. (NASDAQ: WW) gained 13% to $2.11.
  • CommScope Holding Company, Inc. (NASDAQ: COMM) rose 13% to $1.6502.
  • CS Disco, Inc. (NYSE: LAW) surged 11.9% to $7.71. CS Disco’s board approved a $20 million share repurchase authorization.
  • Alta Equipment Group Inc. (NYSE: ALTG) rose 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.
  • Despegar.com, Corp. (NYSE: DESP) gained 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.
  • Aquestive Therapeutics, Inc. (NASDAQ: AQST) shares gained 7.2% to $5.63. Aquestive Therapeutics said Anaphylm met all predefined primary and secondary pharmacokinetic endpoints.
  • Fisker Inc. (NYSE: FSR) shares rose 6.7% to $0.1654. Fisker shares dipped around 52% on Thursday following a Wall Street Journal report suggesting the company is preparing for a possible bankruptcy filing.
  • The Buckle, Inc. (NYSE: BKE) gained 5.4% to $39.71 following fourth-quarter 2023 results.
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Losers
  • C3is Inc. (NASDAQ: CISS) shares fell 62.5% to $0.0296 after the company announced pricing of a $6 million underwritten public offering.
  • SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) fell 34.8% to $1.01. SELLAS Life Sciences Group announced a $20 million registered direct offering and concurrent private placement of 13,029316 shares each for combined purchase price of $1.535/share.
  • Immuneering Corporation (NASDAQ: IMRX) dipped 27% to $2.1150 after multiple analysts downgraded the stock following Thursday data from the company's Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.
  • Lucy Scientific Discovery Inc. (NASDAQ: LSDI) fell 25.6% to $1.25.
  • Xcel Brands, Inc. (NASDAQ: XELB) dipped 22.1% to $0.7630 after the company announced pricing of a $2.42 million public offering of common stock and concurrent private placement.
  • Altus Power, Inc. (NYSE: AMPS) declined 19.7% to $4.7650 after the company reported worse-than-expected quarterly financial results and issued FY24 revenue guidance below estimates.
  • Presto Automation Inc. (NASDAQ: PRST) fell 19.1% to $0.2438 after surging 34% on Thursday. The company announced the pricing of a $1.2 million registered direct offering of 4.8 million shares of common stock at $0.25 per share.
  • Babcock & Wilcox Enterprises, Inc. (NYSE: BW) dipped 19.1% to $1.0350 after the company reported worse-than-expected quarterly financial results.
  • Biofrontera Inc. (NASDAQ: BFRI) declined 18.3% to $1.43.
  • Groupon, Inc. (NASDAQ: GRPN) fell 17.8% to $14.91 after the company reported fourth-quarter financial results.
  • EverCommerce Inc. (NASDAQ: EVCM) fell 17.3% to $7.74 following weak quarterly results.
  • Psyence Biomedical Ltd. (NASDAQ: PBM) fell 14.3% to $1.3627. Psyence Biomedical shares jumped 53% on Thursday after the Indiana legislature sent a bill that includes funding for psilocybin clinical research trials to the governor.
  • Adobe Inc. (NASDAQ: ADBE) dipped 13.3% to $494.25. Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter.
  • Blink Charging Co. (NASDAQ: BLNK) shares fell 11.8% to $3.0250 following fourth-quarter financial results.
  • Montauk Renewables, Inc. (NASDAQ: MNTK) tumbled 10.8% to $4.54 following weak quarterly results.
  • Kopin Corporation (NASDAQ: KOPN) fell 10.3% to $1.9650 after reporting weaker-than-expected fourth-quarter results.
  • AdTheorent Holding Company, Inc. (NASDAQ: ADTH) dipped 10% to $3.35.
  • PagerDuty, Inc. (NYSE: PD) shares fell 9.7% to $20.70 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.
  • Soho House & Co Inc. (NYSE: SHCO) declined 9.7% to $5.19 following downbeat fourth-quarter financial results.
  • Zillow Group, Inc. (NASDAQ: Z) dipped 8.3% to $50.55.
  • Ulta Beauty, Inc. (NASDAQ: ULTA) shares tumbled 6.5% to $528.96 after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. The company's board of directors approved a new share repurchase authorization of $2.0 billion.
  • Sanmina Corporation (NASDAQ: SANM) dipped 5.8% to $59.45.
  • Smartsheet Inc. (NASDAQ: SMAR) fell 4.3% to $38.57 after the company reported fourth-quarter financial results and issued FY25 revenue guidance below estimates.
  • MicroStrategy Incorporated (NASDAQ: MSTR) shares fell 3% to $1,627.26. MicroStrategy shares fell 5% on Thursday after the company announced a proposed private offering of $500 million of convertible senior notes due 2031.
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