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Why Shapeways Holdings Shares Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Published 15/11/2023, 19:04
© Reuters.  Why Shapeways Holdings Shares Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Benzinga - by Lisa Levin, Benzinga Editor.

Shares of Shapeways Holdings, Inc. (NASDAQ: SHPW) tumbled during Wednesday’s session following downbeat results.

Shapeways Hldgs posted an adjusted loss of $1.36 per share, versus market expectations for a loss of 95 cents per share. The company’s quarterly sales came in at $8.37 million versus estimates of $8.75 million.

Shapeways shares fell 20.8% to $2.36 on Wednesday.

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

Gainers

  • Taysha Gene Therapies, Inc. (NASDAQ: TSHA) shares climbed 62.4% to $2.16 after the company reported third-quarter results.
  • Chemomab Therapeutics Ltd. (NASDAQ: CMMB) shares jumped 55% to $0.9497 after the FDA granted CM-101 Fast Track designation for adult patients of primary sclerosing cholangitis (PSC), a fibrotic liver disease.
  • Heron Therapeutics, Inc. (NASDAQ: HRTX) climbed 50.8% to $0.8143 after the company reported mixed third-quarter financial results and issued guidance.
  • Kinnate Biopharma Inc. (NASDAQ: KNTE) rose 47.7% to $2.32. The company’s board of directors received a letter from Foresite Capital Management and OrbiMed Advisors indicating their intent to explore and evaluate a potential acquisition of the company.
  • SciSparc Ltd. (NASDAQ: SPRC) gained 44.5% to $6.30. SciSparc said 'trial results indicated that SciSparc's proprietary SCI-110 provided a safe and effective solution for alleviating agitation in elderly Alzheimer's patients who participated.'
  • Evelo Biosciences, Inc. (NASDAQ: EVLO) gained 36% to $0.47.
  • Babcock & Wilcox Enterprises, Inc. (NYSE: BW) climbed 34.3% to $1.75.
  • Solid Biosciences Inc. (NASDAQ: SLDB) shares rose 32.7% to $2.83. Solid Biosciences announced IND clearance by the FDA for duchenne muscular dystrophy gene therapy candidate SGT-003.
  • MGO Global, Inc. (NASDAQ: MGOL) shares climbed 32.4% to $0.6566 after reporting a sharp rise in third-quarter sales.
  • Beyond Air, Inc. (NASDAQ: XAIR) gained 28% to $1.7920.
  • AST SpaceMobile, Inc. (NASDAQ: ASTS) rose 28% to $4.8262 following third-quarter results.
  • Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) shares climbed 25.2% to $24.34 after the company reported a narrower third-quarter loss.
  • Vicarious Surgical Inc. (NYSE: RBOT) rose 23.7% to $0.2726.
  • CorMedix Inc. (NASDAQ: CRMD) gained 23% to $3.85 as the company posted a narrower-than-expected third-quarter loss.
  • Soluna Holdings, Inc. (NASDAQ: SLNH) climbed 22% to $2.9499 following third-quarter results.
  • Atomera Incorporated (NASDAQ: ATOM) gained 21% to $7.08. Atomera achieved revenue milestone under first commercial license agreement.
  • Gyre Therapeutics, Inc. (NASDAQ: GYRE) climbed 20.5% to $11.45.
  • Dada Nexus Limited (NASDAQ: DADA) climbed 20% to $4.49 following third-quarter results.
  • Icosavax, Inc. (NASDAQ: ICVX) gained 19.1% to $9.63 following strong quarterly earnings.
  • Sangamo Therapeutics, Inc. (NASDAQ: SGMO) jumped 19.1% to $0.4011.
  • Target Corporation (NYSE: TGT) surged 18.2% to $130.89 after the company reported better-than-expected third-quarter financial results. The company will offer more than 10,000 items for holidays, that includes exclusives and many priced under $25.
  • iHeartMedia, Inc. (NASDAQ: IHRT) gained 17.6% to $2.47. iHeartMedia and Global signed a multi-year podcast partnership deal in the UK, Ireland and US.
  • Farfetch Limited (NYSE: FTCH) climbed 17.5% to $1.7750.
  • 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP) climbed 17% to $0.7605 as the company said that the FDA has granted a Type C meeting to consult on the path forward in developing the tafenoquine regimen of arakoda for hospitalized babesiosis patients.
  • V.F. Corporation (NYSE: VFC) climbed 14.3% to $17.80. JP Morgan upgraded VF from Underweight to Neutral and raised the price target from $15 to $19.
  • Chegg, Inc. (NYSE: CHGG) gained 13.5% to $10.09. The company announced a $150 million buyback.
  • Heart Test Laboratories, Inc. (NASDAQ: HSCS) shares gained 11% to $0.1999 after jumping 16% on Tuesday.
  • MYT Netherlands Parent B.V. (NASDAQ: MYTE) rose 11% to $2.2750 after dipping 33% on Tuesday. Mytheresa is expected to release first quarter fiscal year 2024 financial results on Nov. 28, 2023
  • Next.e.GO N.V. (NASDAQ: EGOX) shares climbed 8.1% to $0.5805 after jumping 16% on Tuesday.
  • Tripadvisor, Inc. (NASDAQ: TRIP) gained 6.6% to $18.99. Bernstein upgraded TripAdvisor from Market Perform to Outperform.
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Losers
  • Sadot Group Inc. (NASDAQ: SDOT) shares dipped 31.5% to $0.4903 after posting a wider third-quarter loss.
  • Electriq Power Holdings, Inc. (NASDAQ: ELIQ) shares fell 30.3% to $0.5704 following third-quarter results.
  • Jaguar Global Growth Corporation I (NASDAQ: JGGC) shares fell 27.2% to $5.16.
  • Hanryu Holdings, Inc. (NASDAQ: HRYU) fell 25.5% to $0.7001.
  • Global-e Online Ltd. (NASDAQ: GLBE) fell 24.6% to $29.72 as the company reported third-quarter FY23 sales growth of 27% year-over-year, to $133.605 million, missing the consensus of $140.97 million.
  • ADDvantage Technologies Group, Inc. (NASDAQ: AEY) tumbled 23.4% to $0.2450 after posting a loss for the third quarter.
  • Vintage Wine Estates, Inc. (NASDAQ: VWE) fell 23.3% to $0.5822 following quarterly results.
  • Kubient, Inc. (NASDAQ: KBNT) fell 22.8% to $0.1072 after the company announced it decided to voluntarily remove its stock and purchase warrants from the Nasdaq Capital Market due to noncompliance with listing requirements.
  • Aytu BioPharma, Inc. (NASDAQ: AYTU) declined 21.8% to $2.2987 following weak quarterly sales.
  • Troika Media Group, Inc. (NASDAQ: TRKA) dipped 20% to $1.24.
  • Ispire Technology Inc. (NASDAQ: ISPR) declined 18.1% to $13.35 after jumping over 50% on Tuesday. The company reported a narrower loss for its first quarter.
  • Tivic Health Systems, Inc. (NASDAQ: TIVC) shares fell 18.1% to $1.7863 following downbeat sales results for the third quarter.
  • Bitdeer Technologies Group (NASDAQ: BTDR) dipped 15.2% to $4.24.
  • Volcon, Inc. (NASDAQ: VLCN) declined 14.1% to $0.6581.
  • Intrusion Inc. (NASDAQ: INTZ) shares fell 13.7% to $0.4571 as the company reported downbeat third-quarter financial results.
  • Peraso Inc. (NASDAQ: PRSO) fell 9.6% to $0.2079. Peraso recently posted upbeat quarterly results.
  • Marpai, Inc. (NASDAQ: MRAI) dipped 7.7% to $0.59. Marpai recently posted a narrower loss for the third quarter.
  • ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) fell 7.1% to $7.25 following quarterly results.
  • Momentus Inc. (NASDAQ: MNTS) fell 6% to $3.3748 after reporting weak quarterly results.
  • Alcon Inc. (NYSE: ALC) fell 5.3% to $71.01 after the company reported weak third-quarter sales and narrowed its full-year forecast.
  • Intapp, Inc. (NASDAQ: INTA) shares declined 4.4% to $38.99. Intapp announced launch of underwritten secondary offering of aggregate of 5 million shares by selling stockholders.
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