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Why Johnson Controls International Shares Are Trading Lower By Over 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Published 12/12/2023, 18:22
Updated 12/12/2023, 19:40
© Reuters.  Why Johnson Controls International Shares Are Trading Lower By Over 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of Johnson Controls International plc (NYSE: JCI) moved lower during Tuesday’s session following weak quarterly results.

Johnson Controls reported fourth-quarter FY23 sales growth of 2.7% year-on-year to $6.91 billion (+2% organically), missing the consensus of $7.09 billion. Adjusted EPS of $1.05 (+6% Y/Y) below the consensus of $1.09, according to Benzinga Pro.

Johnson Controls International shares fell 6.2% to $53.05 on Tuesday.

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

Gainers

  • Aditxt, Inc. (NASDAQ: ADTX) shares jumped 140.5% to $9.14 after the company entered into definitive agreement to acquire Evofem Biosciences.
  • C4 Therapeutics, Inc. (NASDAQ: CCCC) gained 57.5% to $1.8590 after the company announced a license and research collaboration with Merck to discover and develop degrader-antibody conjugates.
  • Candel Therapeutics, Inc. (NASDAQ: CADL) shares climbed 48% to $1.24 after the company announced it received FDA Fast Track Designation for CAN-2409 in pancreatic cancer.
  • Icosavax, Inc. (NASDAQ: ICVX) rose climbed 47.1% to $15.43 after AstraZeneca announced plans to buy Icosavax in a deal valued at up to $1.1 billion. Concurrently, Icosavax released topline interim results for its Phase 2 study of IVX-A12, a combination virus-like particle (VLP) vaccine candidate targeting both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV).
  • Clean Earth Acquisitions Corp. (NASDAQ: CLIN) gained 41.3% to $6.71. Clean Earth and Alternus Energy announced continuation of business combination close process.
  • Bruush Oral Care Inc. (NASDAQ: BRSH) shares rose 24.1% to $0.2022 after gaining over 5% on Monday.
  • Spectaire Holdings Inc. (NASDAQ: SPEC) gained 23.7% to $2.1286. Spectaire announced manufacturing financing agreement to enable mass production.
  • Gaotu Techedu Inc. (NYSE: GOTU) rose 18% to $3.4650.
  • IN8bio, Inc.(NASDAQ: INAB) gained 17.8% to $1.5080 after the company announced updated data from its Phase 1 investigator-sponsored trial of INB-100 in patients with hematologic malignancies.
  • Pineapple Financial Inc. (NYSE: PAPL) rose 13.9% to $2.29.
  • Intchains Group Limited (NYSE: ICG) gained 13.5% to $10.16.
  • Oil-Dri Corporation of America (NYSE: ODC) rose 12.2% to $66.09 following first-quarter results.
  • Hanryu Holdings, Inc. (NASDAQ: HRYU) shares surged 11.2% to $0.70 after jumping 40% on Monday.
  • CAVA Group, Inc. (NYSE: CAVA) gained 9.8% to $35.68.
  • Eagle Bulk Shipping Inc. (NYSE: EGLE) jumped 9.2% to $50.42. Star Bulk and Eagle Bulk Shipping announced plans to combine.
  • Blue Bird Corporation (NASDAQ: BLBD) shares rose 9.1% to $23.80 after the company reported better-than-expected financial results for its fourth quarter and increased its FY24 revenue forecast.
  • Digital Turbine, Inc. (NASDAQ: APPS) gained 7.8% to $6.58.
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Losers
  • Achieve Life Sciences, Inc. (NASDAQ: ACHV) shares fell 41.9% to $3.1686. Achieve Life Sciences said NDA Filing timing may be delayed to address FDA feedback on drug product candidate, Cytisinicline. Oppenheimer maintained Achieve Life Sciences with an Outperform and lowered the price target from $21 to $18.
  • Boqii Holding Limited (NYSE: BQ) fell 37.7% to $1.3824.
  • Green Giant Inc. (NASDAQ: GGE) declined 36.7% to $0.0962 as the company announced pricing of public offering.
  • SRIVARU Holding Limited (NASDAQ: SVMH) fell 30.3% to $0.4999 after jumping 20% on Monday.
  • Harbor Custom Development, Inc. (NASDAQ: HCDI) fell 26.8% to $0.4975. Harbor Custom Development voluntarily filed for protection under Chapter 11 Bankruptcy.
  • Assure Holdings Corp. (NASDAQ: IONM) shares fell 26% to $0.32 after climbing over 23% on Monday.
  • African Agriculture Holdings Inc. (NASDAQ: AAGR) declined 20% to $0.8747.
  • Adit EdTech Acquisition Corp. (NYSE: ADEX) fell 17.7% to $6.05.
  • Nogin, Inc. (NASDAQ: NOGN) fell 17.5% to $0.1402.
  • Bon Natural Life Limited (NASDAQ: BON) fell 17.1% to $0.4974.
  • Incannex Healthcare Inc. (NASDAQ: IXHL) declined 11.2% to $4.4201.
  • Hempacco Co., Inc. (NASDAQ: HPCO) shares fell 11.1% to $0.3598.
  • Oracle Corporation (NYSE: ORCL) fell 10.3% to $103.32. Oracle reported upbeat earnings for its second quarter, while sales missed estimates.
  • Clean Energy Fuels Corp. (NASDAQ: CLNE) dipped 10.1% to $3.2550.
  • Clearmind Medicine Inc. (NASDAQ: CMND) fell 9.1% to $2.7650. Clearmind Medicine filed for mixed shelf of up to $50 million.
  • Lucid Group, Inc. (NASDAQ: LCID) shares fell 8.8% to $4.2050. Lucid Group disclosed that CFO Sherry House is resigning to pursue other opportunities.
  • Arcellx, Inc. (NASDAQ: ACLX) fell 8.7% to $47.79. Needham reiterated Arcellx with a Buy and maintained a $65 price target.
  • GoPro, Inc. (NASDAQ: GPRO) declined 8.4% to $3.28. Morgan Stanley downgraded GoPro from Equal-Weight to Underweight and lowered the price target from $4 to $3.
  • SilverBow Resources, Inc. (NYSE: SBOW) dipped 7.7% to $27.65. SilverBow Resources announced the upsize and pricing of a previously announced underwritten public offering of its common by an affiliate of Strategic Value Partners, LLC.
  • Kinetik Holdings Inc. (NYSE: KNTK) shares fell 3.4% to $33.17. Kinetik reported the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock by Apache Midstream LLC at a price of $31.50 per share.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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