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    Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

    Benzinga·02/13/2024 18:13:36
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    Shares of IPG Photonics Corporation (NASDAQ:IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.

    IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company’s quarterly sales came in at $298.90 million versus expectations of $286.12 million.

    IPG Photonics shares dipped 11.2% to $92.06 on Tuesday.

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

    Gainers

    • Ohmyhome Limited (NASDAQ:OMH) shares climbed 300% to $4.80.
    • BioNexus Gene Lab Corp. (NASDAQ:BGLC) got a boost, surging 270% to $1.52.
    • Digital Brands Group, Inc. (NASDAQ:DBGI) shares jumped 168% to $7.69. Digital Brands reaffirmed its 2024 guidance revenue of $27 million to $30 million and commited to no equity offerings for 2024.
    • ARB IOT Group Limited (NASDAQ:ARBB) climbed 101.8% to $3.0868 after gaining over 23% on Monday.
    • Beamr Imaging Ltd. (NASDAQ:BMR) gained 100.7% to $19.97. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.
    • Farmmi, Inc. (NASDAQ:FAMI) climbed 57.6% to $1.97 after surging around 10% on Monday.
    • Whole Earth Brands, Inc. (NASDAQ:FREE) rose 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.
    • VCI Global Limited (NASDAQ:VCIG) gained 27% to $1.35.
    • Larimar Therapeutics, Inc. (NASDAQ:LRMR) climbed 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.
    • Jin Medical International Ltd. (NASDAQ:ZJYL) gained 22.4% to $10.17.
    • Tripadvisor, Inc. (NASDAQ:TRIP) shares rose 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.
    • LianBio (NASDAQ:LIAN) gained 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.
    • Verde Clean Fuels, Inc. (NASDAQ:VGAS) gained 17.8% to $3.2997. Verde Clean Fuels, Inc. and Diamondback Energy subsidiary Cottonmouth Ventures LLC announced joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin.
    • JetBlue Airways Corporation (NASDAQ:JBLU) shares surged 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.
    • JanOne Inc. (NASDAQ:JAN) gained 13.3% to $0.7529.
    • Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) rose 12.4% to $1.6298. Bigger Capital Fund, reported a 9.9% stake in a 13G Filing on Monday.
    • Chanson International Holding (NASDAQ:CHSN) shares jumped 12.2% to $1.8843.
    • ZoomInfo Technologies Inc. (NASDAQ:ZI) rose 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.
    • Bruker Corporation (NASDAQ:BRKR) rose 9.9% to $77.60 following upbeat results.
    • Renalytix Plc (NASDAQ:RNLX) shares gained 9.6% to $1.37. Renalytix shares jumped around 228% on Monday after the company announced that, on Feb. 8, the Centers for Medicare and Medicaid Services published a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing.
    • WK Kellogg Co (NYSE:KLG) climbed 9.2% to $13.77 following strong sales.
    • Aspen Aerogels, Inc. (NYSE:ASPN) climbed 8.8% to $13.49 following strong results.
    • DIH Holding US, Inc. (NASDAQ:DHAI) shares gained 8.1% to $1.7301 after surging around 24% on Monday.
    • Ecolab Inc. (NYSE:ECL) climbed 6.4% to $216.00 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.

    Losers

    • BIOLASE, Inc. (NASDAQ:BIOL) dipped 67.4% to $0.1466 after the company announced pricing of $7 million public offering of 16 million units at a price of $0.44 per unit.
    • Sunshine Biopharma, Inc. (NASDAQ:SBFM) shares fell 64.7% to $0.0671 after the company announced pricing of $10 million underwritten public offering.
    • Sientra, Inc. (NASDAQ:SIEN) declined 56.8% to $0.2520 after the company announced plans to pursue strategic sale of its business through voluntary Chapter 11 process.
    • G1 Therapeutics, Inc. (NASDAQ:GTHX) shares declined 53.9% to $2.0650. G1 Therapeutics will continue Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following interim analysis by the independent Data Monitoring Committee.
    • SSR Mining Inc. (NASDAQ:SSRM) fell 53.7% to $4.4950. The company announced suspension of operations at the Çöpler mine.
    • Polished.com Inc. (NYSE:POL) shares dipped 49.5% to $2.4531. Polished.com received a notice of acceleration on Feb. 6, 2024, demanding immediate repayment of all obligations under the credit agreement, including a principal balance of $91.25 million, due to defaults including non-payment.
    • 2U, Inc. (NASDAQ:TWOU) shares fell 39.1% to $0.5589 after the company reported worse-than-expected fourth-quarter financial results and issued 2024 revenue guidance below estimates.
    • Express, Inc. (NYSE:EXPR) fell 39% to $2.2850.
    • Delta Apparel, Inc. (NYSE:DLA) declined 37.8% to $4.2051 following first-quarter results.
    • The Children's Place, Inc. (NASDAQ:PLCE) fell 32% to $11.14. B. Riley Securities analyst Jeff Lick downgraded Children's Place from Neutral to Sell and lowered the price target from $19 to $4.
    • Renovaro Biosciences Inc. (NASDAQ:RENB) fell 30% to $2.3301 after Hindenburg Research issued a report on the company and said it has taken a short position in the stock.
    • NanoString Technologies, Inc. (NASDAQ:NSTG) declined 27.1% to $0.1226.
    • Quantum FinTech Acquisition Corporation (NYSE:ATCH) fell 27% to $5.11.
    • Trinseo PLC (NYSE:TSE) fell 27% to $4.4750 following weak results.
    • WESCO International, Inc. (NYSE:WCC) declined 23% to $148.13 after the company reported fourth-quarter FY23 earnings below consensus.
    • Teradata Corporation (NYSE:TDC) shares declined 22.9% to $37.61. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.
    • Avis Budget Group, Inc. (NASDAQ:CAR) fell 19.4% to $135.74 following weak sales.
    • Exscientia plc (NASDAQ:EXAI) dipped 18.1% to $6.15.
    • Altimmune, Inc. (NASDAQ:ALT) fell 16% to $8.73. Kerrisdale Capital issued a report on the company titled "Altimmune, Inc. (ALT) Fat Chance."
    • Brighthouse Financial, Inc. (NASDAQ:BHF) declined 14.5% to $45.72 after the company reported worse-than-expected fourth-quarter financial results.
    • Arm Holdings plc (NASDAQ:ARM) fell 14.4% to $127.57 after jumping 29% on Monday. The company last week reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance above estimates.
    • Blackbaud, Inc. (NASDAQ:BLKB) fell 14.1% to $71.06 following weak sales.
    • Millennium Group International Holdings Limited (NASDAQ:MGIH) shares declined 13.8% to $2.6806. Millennium Group International shares jumped over 200% on Monday after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.
    • Hertz Global Holdings, Inc. (NASDAQ:HTZ) dipped 13.5% to $7.51.
    • SunPower Corporation (NASDAQ:SPWR) declined 13.3% to $3.6050.
    • The Goodyear Tire & Rubber Company (NASDAQ:GT) fell 13.2% to $11.84 following fourth-quarter results.
    • BranchOut Food Inc. (NASDAQ:BOF) shares fell 12.6% to $2.16. BranchOut Food shares surged around 70% on Monday after the company announced it expanded its relationship with a retailer in a new agreement valued at an estimated $7.6 million annually.
    • James Hardie Industries plc (NYSE:JHX) dipped 12.3% to $34.40 following third-quarter earnings.
    • Jayud Global Logistics Limited (NASDAQ:JYD) shares fell 10% to $1.0346 after jumping 30% on Monday.
    • Herc Holdings Inc. (NYSE:HRI) fell 9.4% to $140.15 following downbeat results.
    • V.F. Corporation (NYSE:VFC) fell 8.8% to $15.90.
    • Bloom Energy Corporation (NYSE:BE) fell 8.5% to $11.27.
    • Arista Networks, Inc. (NYSE:ANET) shares fell 6.3% to $263.14 after the company reported fourth-quarter financial results and issued guidance.
    • Cadence Design Systems, Inc. (NASDAQ:CDNS) shares fell 3.8% to $294.74 after the company reported fourth-quarter financial results and issued guidance.

     

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