Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of MercadoLibre, Inc. (NASDAQ: MELI) fell sharply during Friday’s session after the company reported fourth-quarter financial results.
MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.
MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.
Here are some other stocks moving in today's mid-day session.
Gainers
- AXT, Inc. (NASDAQ: AXTI) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.
- Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.
- AtlasClear Holdings, Inc. (NYSE: ATCH) rose 48% to $1.6899.
- EZFill Holdings Inc. (NASDAQ: EZFL) gained 44.6% to $ 1.8088.
- Ocean Biomedical, Inc. (NASDAQ: OCEA) jumped 42.3% to $0.7819.
- Gyre Therapeutics, Inc. (NASDAQ: GYRE) gained 36.2% to $21.79.
- Carvana Co. (NYSE: CVNA) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.
- Sleep Number Corporation (NASDAQ: SNBR) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.
- ATN International, Inc. (NASDAQ: ATNI) rose 26% to $ 35.72.
- Root, Inc. (NASDAQ: ROOT) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.
- Infobird Co., Ltd (NASDAQ: IFBD) gained 25.7% to $3.72.
- Vroom, Inc. (NASDAQ: VRM) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.
- ATN International, Inc. (NASDAQ: ATNI) rose 25.4% to $35.61.
- Intuitive Machines, Inc. (NASDAQ: LUNR) gained 22.4% to $10.14 after the company's Odysseus spacecraft landed on the Moon.
- Block, Inc. (NYSE: SQ) climbed 19.4% to $81.20 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
- Ventyx Biosciences, Inc. (NASDAQ: VTYX) gained 18.3% to $6.82.
- Universal Insurance Holdings, Inc. (NYSE: UVE) gained 18.2% to $20.37 following upbeat results.
- Docebo Inc. (NASDAQ: DCBO) gained 17.7% to $53.99 following upbeat quarterly results.
- Universal Insurance Holdings, Inc. (NYSE: UVE) shares rose 17.2% to $20.20 following strong quarterly results.
- Nextdoor Holdings, Inc. (NASDAQ: KIND) gained 16.9% to $2.0101 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.
- Evolent Health, Inc. (NYSE: EVH) gained 12.6% to $33.54 after the company reported better-than-expected fourth-quarter financial results.
- Tandem Diabetes Care, Inc. (NASDAQ: TNDM) climbed 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.
- American Software, Inc. (NASDAQ: AMSWA) gained 11.6% to $11.49 following strong quarterly results.
- Akero Therapeutics, Inc. (NASDAQ: AKRO) surged 11% to $26.86.
- Ventyx Biosciences, Inc. (NASDAQ: VTYX) climbed 10.6% to $6.39.
- LegalZoom.com, Inc. (NASDAQ: LZ) gained 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
- Vir Biotechnology, Inc. (NASDAQ: VIR) rose 10.3% to $11.36 following strong sales results.
- Comfort Systems USA, Inc. (NYSE: FIX) rose 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.
- Hyatt Hotels Corporation (NYSE: H) climbed 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
- RB Global, Inc. (NYSE: RBA) rose 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.
- Victoria's Secret & Co. (NYSE: VSCO) gained 5% to $29.75.
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Losers- Sequans Communications S.A. (NYSE: SQNS) fell 65% to $0.8925 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.
- Smith Micro Software, Inc. (NASDAQ: SMSI) shares fell 41.5% to $0.4781 after posting weak quarterly sales.
- ModivCare Inc. (NASDAQ: MODV) fell 39.9% to $26.39 after the company issued weak sales forecast for the first quarter.
- Greenbrook TMS Inc. (NASDAQ: GBNH) dipped 37% to $0.1285 after announcing delisting from the Nasdaq.
- Upland Software, Inc. (NASDAQ: UPLD) tumbled 34.5% to $2.8890 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) shares fell 31.2% to $14.00 after reporting fourth-quarter results.
- MicroCloud Hologram Inc. (NASDAQ: HOLO) fell 29.3% to $7.79.
- Fox Factory Holding Corp. (NASDAQ: FOXF) tumbled 27% to $47.38 after the company reported mixed fourth-quarter financial results and issued FY24 EPS and revenue guidance below estimates.
- ImmunityBio, Inc. (NASDAQ: IBRX) fell 25% to $3.9299.
- Vicor Corporation (NASDAQ: VICR) fell 21.2% to $36.92 after the company reported worse-than-expected quarterly financial results.
- Gray Television, Inc. (NYSE: GTN) fell 21.2% to $6.26 after the company reported a year-over-year decrease in fourth-quarter financial results and issued first-quarter revenue guidance below estimates.
- La Rosa Holdings Corp. (NASDAQ: LRHC) shares dipped 19.2% to $2.2150 after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.
- The E.W. Scripps Company (NASDAQ: SSP) fell 15% to $4.58 following weak quarterly earnings.
- AlTi Global, Inc. (NASDAQ: ALTI) dipped 14.6% to $6.02.
- indie Semiconductor, Inc. (NASDAQ: INDI) shares fell 14.2% to $5.91 following weak quarterly sales.
- nLIGHT, Inc. (NASDAQ: LASR) fell 13.6% to $11.93 following fourth-quarter results.
- ACCO Brands Corporation (NYSE: ACCO) declined 12.2% to $5.64 after the company reported fourth-quarter financial results and issued weak FY24 guidance.
- Super Micro Computer, Inc. (NASDAQ: SMCI) fell 12% to $858.42 after the company announced a private offering of convertible senior notes.
- Booking Holdings Inc. (NASDAQ: BKNG) shares fell 9.7% to $3,522.25 after the company reported fourth-quarter financial results.
- Warner Bros. Discovery, Inc. (NASDAQ: WBD) fell 9.3% to $8.68 after the company reported fourth-quarter financial results below estimates.
- Penumbra, Inc. (NYSE: PEN) fell 8% to $241.77 after the company reported mixed fourth-quarter financial results.
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