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    Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

    Benzinga·07/19/2024 17:24:54
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    Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results.

    Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro.

    Selective Insurance Group shares dipped 14.8% to $85.40 on Friday.

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

    Gainers

    • Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure.
    • 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP) climbed 85.7% to $0.4566 after the company signed clinical trial agreements with three planned trial sites for the Tafenoquine Babesiosis study.
    • Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares gained 70% to $2.36. Maxim Group analyst Naz Rahman upgraded Virpax Pharmaceuticals from Hold to Buy and announced a price target of $3.
    • Serve Robotics Inc. (NASDAQ:SERV) gained 51.3% to $3.98 after gaining over 12% on Thursday.
    • Hawaiian Electric Industries, Inc. (NYSE:HE) shares rose 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.
    • Autonomix Medical, Inc. (NASDAQ:AMIX) gained 34% to $1.83.
    • Permianville Royalty Trust (NYSE:PVL) rose 22.7% to $1.4601. Permianville Royalty Trust announced a cash distribution to the holders of its units of beneficial interest of $0.011000 per unit, payable on Aug. 14, 2024 to unitholders of record on July 31, 2024.
    • Power REIT (NYSE:PW) surged 15.4% to $0.9808.
    • NaaS Technology Inc. (NASDAQ:NAAS) shares gained 14.1% to $9.23 after jumping 53% on Thursday.
    • Antelope Enterprise Holdings Limited (NASDAQ:AEHL) climbed 13.6% to $4.1001.
    • Golden Sun Health Technology Group Limited (NASDAQ:GSUN) gained 13.6% to $7.75.
    • MoneyLion Inc. (NYSE:ML) gained 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.
    • HIVE Digital Technologies Ltd. (NASDAQ:HIVE) gained 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.
    • Intuitive Surgical, Inc. (NASDAQ:ISRG) rose 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.
    • Torrid Holdings Inc. (NASDAQ:CURV) gained 7.7% to $8.00.
    • Western Alliance Bancorporation (NYSE:WAL) rose 7.2% to $76.16 following upbeat quarterly results.
    • Kuke Music Holding Limited (NASDAQ:KUKE) gained 6.7% to $1.28.

    Losers

    • SunPower Corporation (NASDAQ:SPWR) shares dipped 45.8% to $0.82. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.
    • Hyzon Motors Inc. (NASDAQ:HYZN) shares fell 42% to $0.1648 after the company reported pricing of $4.5 million registered direct offering.
    • Nauticus Robotics, Inc. (NASDAQ:KITT) fell 30.5% to $0.0896 after the company announced a 1-for-36 reverse stock split.
    • Silo Pharma, Inc. (NASDAQ:SILO) declined 26% to $2.57 as the company announced a $2.1 million registered direct offering priced at-the-market under Nasdaq rules.
    • Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) shares dipped 23.1% to $1.86 after jumping 59% on Thursday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.
    • TRxADE HEALTH, Inc. (NASDAQ:MEDS) fell 19.6% to $16.80.
    • Onconetix, Inc. (NASDAQ:ONCO) fell 18.1% to $0.1787 after gaining over 46% on Thursday.
    • Crown LNG Holdings Limited (NASDAQ:CGBS) dipped 16.7% to $1.4995.
    • Plug Power Inc. (NASDAQ:PLUG) shares fell 16% to $2.4550 after the company announced the commencement of a $200 million public offering of its common stock.
    • Selina Hospitality PLC (NASDAQ:SLNA) dipped 15.7% to $0.0477.
    • Scholastic Corporation (NASDAQ:SCHL) fell 15.4% to $30.94 following weaker-than-expected fourth-quarter results.
    • Plug Power Inc. (NASDAQ:PLUG) shares declined 15.4% to $2.47 after the company announced the commencement of a $200 million public offering of its common stock.
    • Corsair Gaming, Inc. (NASDAQ:CRSR) dipped 14.3% to $8.32 after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.
    • American Rebel Holdings, Inc. (NASDAQ:AREB) fell 13.9% to $0.6298.
    • QXO, Inc. (NASDAQ:QXO) fell 13.6% to $58.00.
    • Comerica Incorporated (NYSE:CMA) dipped 13.4% to $48.81 following second-quarter results.
    • Wipro Limited (NYSE:WIT) fell 11.4% to $6.11 following first-quarter results.
    • AAR Corp. (NYSE:AIR) dipped 10.6% to $65.51 following weak quarterly sales.
    • CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 10.1% to $308.48 after the company suffered major outage impacting businesses around the world.
    • Joby Aviation, Inc. (NYSE:JOBY) dipped 8.3% to $6.39.
    • Autoliv, Inc. (NYSE:ALV) fell 8.1% to $99.82 following downbeat quarterly results.
    • The Travelers Companies, Inc. (NYSE:TRV) declined 5.6% to $208.32 following weak quarterly sales.
    • Intel Corporation (NASDAQ:INTC) fell 5.5% to $32.90.
    • Visteon Corporation (NASDAQ:VC) dipped 5% to $107.85.

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