Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Steelcase Inc. (NYSE: SCS) shares moved higher during Wednesday's session following quarterly results.
Steelcase posted upbeat earnings for its third quarter, while sales missed estimates. The company said it sees fourth-quarter adjusted earnings of 19 cents to 23 cents per share on revenue of $765 million to $790 million.
Steelcase shares gained 12.7% to $14.31 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- ParaZero Technologies Ltd. (NASDAQ: PRZO) climbed 86.4% to $1.3050. ParaZero successfully completed its drone safety project with a Fortune 500 leading automotive manufacturer.
- Polished.com Inc. (NYSE: POL) shares climbed 77.3% to $1.8794. Jerald Hammann, a Polished.com shareholder, urged shareholders concerned about their investment in Polished.com to collaborate to increase the effectiveness of their actions.
- Conduit Pharmaceuticals Inc. (NASDAQ: CDT) gained 35% to $5.65.
- Applied UV, Inc. (NASDAQ: AUVI) rose 29.5% to $2.38 after the company's recent announcement on successfully integrating its PURO and Airocide businesses into its Sterilumen subsidiary.
- Aclarion, Inc. (NASDAQ: ACON) shares rose 24.7% to $0.3650 after the company was granted U.S. patent #11844601 for "MR SPECTROSCOPY SYSTEM FOR DIAGNOSING PAINFUL AND NON-PAINFUL INTERVERTEBRAL DISCS (Severe Low Back Pain)."
- RedHill Biopharma Ltd. (NASDAQ: RDHL) gained 22.7% to $1.6197. RedHill and U.S. Army announced Opaganib and RHB-107 combinations with remdesivir show distinct synergistic effect against ebola.
- Canaan Inc. (NASDAQ: CAN) gained 20.8% to $2.6950.
- Sphere 3D Corp. (NASDAQ: ANY) rose 19.4% to $2.3300.
- Asset Entities Inc. (NASDAQ: ASST) shares gained 18% to $0.4599. Asset Entities recently announced the launch of Ternary V2, the next generation of Ternary’s Stripe-verified digital community payment processing platform.
- Applied UV, Inc.(NASDAQ: AUVI) gained 17.4% to $2.1502 after jumping around 21% on Tuesday. Applied UV recently announced successful integration of its PURO UV disinfection and airocide food preservation units to optimize cost reduction and expand global growth opportunities.
- Beyond Air, Inc. (NASDAQ: XAIR) shares gained 17.3% to $1.9950. Beyond Air, Director Robert Carey, reported the purchase of 1.2 million shares at an average price of $1.635 per share in Form 4 filing on Tuesday.
- T2 Biosystems, Inc. (NASDAQ: TTOO) rose 15.1% to $5.54.
- MacroGenics, Inc. (NASDAQ: MGNX) gained 12.7% to $10.41. Citigroup upgraded Macrogenics from Neutral to Buy and raised the price target from $7 to $13.
- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) gained 12.5% to $1.89. Clear Channel Outdoor named David Sailer as Executive Vice President, CFO, effective as of March 1, 2024 and reaffirmed guidance for FY23.
- Liquidia Corporation (NASDAQ: LQDA) gained 11.5% to $8.79.
- Despegar.com, Corp. (NYSE: DESP) jumped 11% to $10.10. B. Riley Securities maintained Despegar.com with a Buy and raised the price target from $12 to $15.
- HIVE Digital Technologies Ltd. (NASDAQ: HIVE) gained 9.9% to $4.2090. HIVE Digital recently announced a $25 million bought deal private placement of 5m special warrants at a price of $5/warrant financing.
- DXC Technology Company (NYSE: DXC) fell 9.2% to $22.73. DXC Technology named Raul Fernandez as interim President and CEO, succeeding Mike Salvino, effective immediately. The company reaffirmed its third-quarter guidance and FY24 free cash flow guidance of $800 million.
- The Toro Company (NYSE: TTC) surged 8.2% to $96.54 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
Losers
- Jin Medical International Ltd. (NASDAQ: ZJYL) shares fell 46.4% to $61.00 after gaining around 12% on Tuesday. Last Thursday, before the market open, the company announced that it had signed a preliminary Memorandum of Understanding (MOU) with Jiangsu Zhongjin Kanglu Information Technology Co., Ltd.
- Vast Renewables Limited (NASDAQ: VSTE) fell 44.4% to $6.66 after dipping 14% on Tuesday.
- bluebird bio, Inc. (NASDAQ: BLUE) shares dipped 44.2% to $1.3550 after the company announced pricing of a $125 million public offering of common stock.
- Harbor Custom Development, Inc. (NASDAQ: HCDI) fell 31% to $0.2199. Harbor Custom Development recently announced Chapter 11 bankruptcy protection filing.
- KULR Technology Group, Inc. (NASDAQ: KULR) shares fell 29.1% to $0.2099 after the company reported pricing of $900,000 public offering of common stock.
- Esports Entertainment Group, Inc. (NASDAQ: GMBL) fell 28.4% to $0.0146.
- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) dipped 26.2% to $0.4274. Agriforce Growing Systems filed for offering of up to 8.72 million shares of common stock by the selling stockholders.
- argenx SE (NASDAQ: ARGX) shares fell 24.3% to $342.54 after the company disclosed topline results from the ADDRESS study evaluating efgartigimod subcutaneous in adults with pemphigus vulgaris and pemphigus foliaceus.
- Nogin, Inc. (NASDAQ: NOGN) fell 24% to $0.1230 after surging 42% on Tuesday.
- Northann Corp. (NASDAQ: NCL) tumbled 22.2% to $1.40.
- Meiwu Technology Company Limited (NYSE: WNW) dipped 21.6% to $2.1701.
- Know Labs, Inc. (NYSE: KNW) fell 20% to $0.60 following fourth-quarter results.
- Fluence Energy, Inc. (NASDAQ: FLNC) declined 17.9% to $22.34. Energy Storage News reported Fluence customer seeking refund for Diablo Bess Epc Contract, citing 'defects and chronic failures'.
- CARGO Therapeutics, Inc. (NASDAQ: CRGX) fell 11.4% to $18.16.
- Immunovant, Inc. (NASDAQ: IMVT) shares fell 11.4% to $36.79.
- Panbela Therapeutics, Inc. (NASDAQ: PBLA) fell 10.7% to $1.4004 after jumping 55% on Tuesday. The company recently announced FDA approval of eflornithine, a drug they divested to US WorldMeds, for treating high-risk neuroblastoma patients who responded partially to prior therapies.
- FedEx Corporation (NYSE: FDX) shares fell 10.5% to $250.60 after the company posted weaker-than-expected earnings for its second quarter and lowered its full-year revenue outlook..
- Diversified Energy Company PLC (NYSE: DEC) declined 9.2% to $14.82.
- MannKind Corporation (NASDAQ: MNKD) fell 7.2% to $3.63.
- Aon plc (NYSE: AON) fell 6.8% to $291.56 after the company announced it will acquire NFP.
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