Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of LuxUrban Hotels Inc. (NASDAQ: LUXH) fell sharply during Wednesday’s session after the company issued preliminary fourth-quarter revenue outlook below estimates.
LuxUrban said it expects preliminary revenue of $28.2 million for the fourth quarter, versus market estimates of $34.199 million, according to data from Benzinga Pro.
LuxUrban Hotels shares dipped 27.4% to $1.5523 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- MariaDB plc (NYSE: MRDB) climbed 70.4% to $0.3850 after Progress Software announced that it is possibly considering an offer for the company.
- Lixte Biotechnology Holdings, Inc. (NASDAQ: LIXT) shares jumped 68.6% to $3.8099 after the company announced the publication of pre-clinical data on its lead clinical compound, LB-100.
- Nutriband Inc. (NASDAQ: NTRB) gained 33.2% to $3.9950 after the company provided a clinical and regulatory path overview for its AVERSA Fentanyl patch.
- Verb Technology Company, Inc. (NASDAQ: VERB) surged 30.5% to $0.3656 after the company announced that its MARKET.live entered into a formal partnership with TikTok to become a service provider for TikTok Shop and will receive a TikTok Shop Partner designation.
- PaySign, Inc. (NASDAQ: PAYS) gained 28.2% to $4.3299 after the company announced better-than-expected fourth-quarter results.
- Destiny Tech100 Inc (NASDAQ: DXYZ) rose 26.6% to $11.39 after gaining 9% on Tuesday.
- PAVmed Inc. (NASDAQ: PAVM) gained 19.7% to $2.4798 after the company issued business update and fourth quarter financial results.
- Noah Holdings Limited (NYSE: NOAH) rose 17.5% to $11.89 after the company reported fourth quarter financial results.
- NuScale Power Corporation (NYSE: SMR) rose 17.5% to $4.89.
- The ONE Group Hospitality, Inc. (NASDAQ: STKS) shares rose 17.2% to $4.70 after the company announced that it will acquire Safflower Holdings.
- Trump Media & Technology Group Corp. (NASDAQ: DJT) gained 16.7% to $67.68 after jumping 16% on Tuesday.
- Ouster, Inc. (NYSE: OUST) gained 16.7% to $5.82 following strong quarterly sales.
- Ontrak, Inc. (NASDAQ: OTRK) rose 16.3% to $0.4931.
- Cazoo Group Ltd (NYSE: CZOO) rose 15.5% to $7.22.
- A2Z Smart Technologies Corp. (NASDAQ: AZ) surged 15.3% to $0.5301.
- nCino, Inc. (NASDAQ: NCNO) gained 15.2% to $34.78 as the company reported better-than-expected fourth-quarter results and issued FY25 adjusted earnings guidance above estimates..
- Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) climbed 11.6% to $2.22.
- Nuvation Bio Inc. (NASDAQ: NUVB) shares rose 10% to $3.1688. Nuvation Bio shares gained 28% on Tuesday after BTIG upgraded the stock from Neutral to Buy.
- Cintas Corporation (NASDAQ: CTAS) gained 9.7% to $694.62 after the company reported better-than-expected third-quarter financial results and raised FY24 guidance.
- Semtech Corporation (NASDAQ: SMTC) rose 7.8% to $27.12.
- Marvell Technology, Inc. (NASDAQ: MRVL) gained 5.6% to $72.04.
- Gamida Cell Ltd. (NASDAQ: GMDA) shares fell 83.2% to $0.0575 after the company reported fourth-quarter results and disclosed the commencement of a restructuring process.
- Direct Digital Holdings, Inc. (NASDAQ: DRCT) dipped 44.8% to $14.60 after the company reported worse-than-expected fourth-quarter financial results.
- Velo3D, Inc. (NYSE: VLD) fell 41.2% to $0.3401 after the company reported worse-than-expected fourth-quarter financial results.
- Ryvyl Inc. (NASDAQ: RVYL) dipped 37.8% to $2.46 following fourth-quarter results.
- Forge Global Holdings, Inc. (NYSE: FRGE) fell 26.1% to $1.96 after the company reported worse-than-expected fourth-quarter financial results.
- Organigram Holdings Inc. (NASDAQ: OGI) dipped 22% to $2.08 as the company announced pricing of overnight marketed public offering.
- Akili, Inc. (NASDAQ: AKLI) shares tumbled 21.2% to $0.3002. The company received a notice of allowance for U.S. Patent Application 17/890,478 titled Cognitive Platform For Deriving Effort Metric For Optimizing Cognitive Treatment (Using Data Computed With Artificial Neural Network Or Deep Learning Techniques).
- Mesoblast Limited (NASDAQ: MESO) shares fell 19.4% to $3.17. Mesoblast shares jumped over 78% on Tuesday after the FDA informed the company that the available clinical data from its Phase 3 study MSB-GVHD001 appears sufficient to support submission of the proposed Biologics License Application for remestemcel-L for treatment of pediatric patients with steroid-refractory acute graft versus host disease.
- X Financial (NYSE: XYF) fell 19.2% to $3.7250 following fourth-quarter results.
- JOANN Inc. (NASDAQ: JOAN) fell 18.2% to $0.09 after dipping over 6% on Tuesday. The Nasdaq recently determined that the company is no longer suitable for listing and its stock will be suspended on March 28.
- Bit Origin Ltd (NASDAQ: BTOG) fell 18.1% to $4.31.
- C3is Inc. (NASDAQ: CISS) fell 17.4% to $0.0397. C3is recently reported a year-over-year increase in fourth-quarter financial results.
- AEye, Inc. (NASDAQ: LIDR) declined 14.6% to $1.34 after the company reported worse-than-expected fourth-quarter revenue results.
- GameStop Corp. (NYSE: GME) shares fell 14.4% to $13.27 as the company posted weaker-than-expected results for its fourth quarter on Tuesday.
- Sonida Senior Living, Inc. (NYSE: SNDA) fell 14% to $27.78 following fourth-quarter results.
- Nocera, Inc. (NASDAQ: NCRA) dipped 13.5% to $1.15.
- Bowman Consulting Group Ltd. (NASDAQ: BWMN) fell 11.4% to $34.99 after the company priced a $45 million public offering of common stock at $34 per share.
- Reddit, Inc. (NYSE: RDDT) fell 11.3% to $ 57.75.
- Krispy Kreme, Inc. (NASDAQ: DNUT) fell 10.4% to $15.54.
- Abits Group Inc. (NASDAQ: ABTS) fell 10.3% to $0.7001 after gaining 7% on Tuesday.
- Astera Labs, Inc. (NASDAQ: ALAB) fell 8.8% to $75.99 amid post-IPO volatility.
- XPeng Inc. (NYSE: XPEV) declined 8.4% to $7.82.
- Liquidia Corporation (NASDAQ: LQDA) fell 7% to $14.81.
- NIO Inc. (NYSE: NIO) fell 5.9% to $4.4959 after the company cut its first-quarter delivery outlook.
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