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Why Ulta Beauty Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Published 03/04/2024, 18:56
Updated 03/04/2024, 20:10
© Reuters.  Why Ulta Beauty Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
ULTA
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) fell sharply during Wednesday’s session amid the company's presentation at the J.P. Morgan Retail Roundup investor conference where the company reportedly issued a weak outlook.

Ulta Beauty shares dipped 13.7% to $448.08 on Wednesday.

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

Gainers

  • ARCA biopharma, Inc. (NASDAQ: ABIO) climbed 108% to $3.5549 after the company and Oruka Therapeutics announced a merger agreement.
  • Kintara Therapeutics, Inc. (NASDAQ: KTRA) shares gained 89% to $0.1906 after the company entered a merger agreement with TuHURA Biosciences.
  • Next Technology Holding Inc. (NASDAQ: NXTT) rose 57.4% to $6.42.
  • Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) shares climbed 39.3% to $5.45. Vanda Pharmaceuticals' Fanapt® received U.S. FDA approval for the acute treatment of Bipolar I Disorder.
  • VivoPower International PLC (NASDAQ: VVPR) shares gained 39% to $8.20 after the company declared a capital management strategy including a stock buyback program of up to $5 million.
  • Next.e.GO N.V. (NASDAQ: EGOX) gained 32.7% to $0.0345.
  • XTI Aerospace, Inc. (NASDAQ: XTIA) rose 32.2% to $4.63. BestGrowthStocks.com issued comprehensive evaluation of XTI Aerospace, Inc.
  • Brooge Energy Limited (NASDAQ: BROG) gained 28.8% to $3.0790.
  • Addex Therapeutics Ltd (NASDAQ: ADXN) rose 24.6% to $16.21 after the company and funds affiliated with Perceptive Advisors announced the launch of Neurosterix.
  • Aesthetic Medical International Holdings Group Limited (NASDAQ: AIH) gained 24.3% to $0.3981 after gaining 13% on Tuesday.
  • LAMF Global Ventures Corp. I (NASDAQ: LGVC) gained 22.7% to $13.21. ViewLAMF Global Ventures Corp. I shareholders approved previously announced business combination with Nuvo Group Ltd.
  • Quhuo Limited (NASDAQ: QH) rose 21.7% to $0.6501 after reporting unaudited financial results for the second half and full year 2023.
  • Destiny Tech100 Inc. (NYSE: DXYZ) gained 21.4% to $25.77.
  • OneMedNet Corporation (NASDAQ: ONMD) gained 21.2% to $0.9600. OneMedNet announced it entered a securities purchase agreement dated Mar. 28 providing up to $4.54 million in funding through private placement of senior convertible notes.
  • CXApp Inc. (NASDAQ: CXAI) gained 20.5% to $5.40 following a massive rally to start the week. CXApp shares rallied more than 150% to start the week after the company announced a partnership with Alphabet’s Google Cloud.
  • Clean Energy Technologies, Inc. (NASDAQ: CETY) climbed 20.5% to $1.63.
  • American Battery Technology Company (NASDAQ: ABAT) rose 17.7% to $1.9301. American Battery Technology Company was awarded $20 million tax credit through competitive U.S. DOE process to advance its critical minerals battery recycling facility.
  • C3is Inc. (NASDAQ: CISS) shares rose 14.9% to $0.0470 after gaining 13% on Tuesday. On March 26, C3is reported a year-over-year increase in fourth-quarter financial results.
  • Pyxis Oncology, Inc. (NASDAQ: PYXS) gained 12.3% to $6.04.
  • Atai Life Sciences N.V. (NASDAQ: ATAI) surged 11.4% to $2.08. Maxim Group analyst Jason McCarthy upgraded ATAI Life Sciences from Hold to Buy and announced a $6 price target.
  • Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) shares rose 10.2% to $68.22 after the company reported fourth quarter results.
  • Esperion Therapeutics, Inc. (NASDAQ: ESPR) jumped 9.7% to $3.16.
  • Signet Jewelers Limited (NYSE: SIG) gained 9.2% to $103.80after the company raised its FY25 guidance.
  • Inspire Veterinary Partners, Inc. (NASDAQ: IVP) gained 9% to $0.0512. On Jan. 5, Inspire Veterinary Partners filed a prospectus related to up to a $5 million public offering.
  • Semtech Corporation (NASDAQ: SMTC) gained 7.4% to $30.28.
  • Cal-Maine Foods, Inc. (NASDAQ: CALM) climbed 6.8% to $62.88 after the company reported upbeat results for its fourth quarter.
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Losers
  • Casa Systems, Inc. (NASDAQ: CASA) shares dipped 78.1% to $0.0563 after the Company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court.
  • View, Inc. (NASDAQ: VIEW) fell 61.9% to $0.4196 after the company filed for Chapter 11 bankruptcy. The company on Tuesday said it reached a real with Cantor Fitzgerald and RXR to become a private company.
  • Sintx Technologies, Inc. (NASDAQ: SINT) fell 44.5% to $0.0232 after the company announced pricing of a $1.5 million public offering of common stock.
  • GCT Semiconductor Holding, Inc. (NYSE: GCTS) dipped 40% to $9.29 amid volatility following the company's recently completed business combination with Concord Acquisition Corp III and NYSE debut.
  • FibroGen, Inc. (NASDAQ: FGEN) fell 32.8% to $1.4499. FibroGen announced topline data from the Fortis Therapeutics-sponsored Phase 1 study of FG-3246 (also known as FOR46), a potential first-in-class anti-CD46 antibody drug conjugate (ADC) with an MMAE-containing payload.
  • Keyarch Acquisition Corporation (NASDAQ: KYCH) fell 28.5% to $9.65.
  • TRACON Pharmaceuticals, Inc. (NASDAQ: TCON) dipped 24.2% to $0.3148 as the company issued an update on ongoing ENVASARC Phase 2 pivotal trial following Independent Data Monitoring Committee Recommendation to continue the trial as planned.
  • BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) fell 22.5% to $0.9741 after dipping around 12% on Tuesday.
  • Anghami Inc. (NASDAQ: ANGH) fell 22.2% to $1.40. Anghami recently announced that it completed its transaction with OSN+.
  • Locafy Limited (NASDAQ: LCFY) dipped 21.9% to $3.67 following second-quarter results.
  • Vicinity Motor Corp. (NASDAQ: VEV) fell 19.3% to $0.75 after the company reported a year-over-year decrease in fourth-quarter EPS results.
  • Enveric Biosciences, Inc. (NASDAQ: ENVB) dipped 18.4% to $0.93.
  • Murano Global Investments Plc (NASDAQ: MRNO) fell 16.8% to $10.39.
  • Critical Metals Corp. (NASDAQ: CRML) fell 16.7% to $11.66.
  • Acorda Therapeutics, Inc. (NASDAQ: ACOR) shares fell 12% to $2.20. Acorda Therapeutics shares dipped 81% on Tuesday after the company commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code.
  • Exscientia plc (NASDAQ: EXAI) fell 10.8% to $4.6395 following quarterly results.
  • Gamida Cell Ltd. (NASDAQ: GMDA) shares fell 8.4% to $0.0403 after gaining 18% on Tuesday.
  • e.l.f. Beauty, Inc. (NYSE: ELF) fell 8.2% to $170.71 after peer Ulta Beauty reportedly issued weak guidance at a conference.
  • NWTN Inc. (NASDAQ: NWTN) fell 8% to $7.21.
  • Mesoblast Limited (NASDAQ: MESO) shares tumbled 7.3% to $6.11 after gaining 8% on Tuesday.
  • Applied Digital Corporation (NASDAQ: APLD) fell 6.1% to $3.5850.
  • Lands' End, Inc. (NASDAQ: LE) fell 6.1% to $11.25.
  • Intel Corporation (NASDAQ: INTC) fell 6.1% to $41.27 after the company outlined a new financial framework for its foundry business. After the market close on Tuesday, Intel announced a new financial reporting structure designed to drive increased cost discipline and higher returns by providing greater transparency, accountability and incentives across the business.
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