Why Diodes Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Author: Avi Kapoor | May 10, 2024 12:44pm

Shares of Diodes Incorporated (NASDAQ:DIOD) fell sharply during Friday's session after the company reported worse-than-expected quarterly financial results.

Diodes posted adjusted earnings of 28 cents per share, missing market estimates of 31 cents per share. The company's quarterly sales came in at $301.97 million missing expectations of $305.01 million, according to data from Benzinga Pro.

Diodes shares dipped 9.8% to $68.99 on Friday.

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

Gainers

Novavax, Inc. (NASDAQ:NVAX) shares jumped 139% to $10.73 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.
iTeos Therapeutics, Inc. (NASDAQ:ITOS) gained 40% to $17.06 after the company announced a $120 million registered direct offering and reported Q1 financial results.
AEye, Inc. (NASDAQ:LIDR) shares climbed 39.8% to $1.65 after the company disclosed a partnership with LITEON Technology Corporation.
Sweetgreen, Inc. (NYSE:SG) shares climbed 39.4% to $32.86 after the company reported better-than-expected first-quarter sales results.
Ouster, Inc. (NYSE:OUST) gained 34.3% to $13.90 after the company reported better-than-expected first-quarter financial results.
Organogenesis Holdings Inc. (NASDAQ:ORGO) rose 32% to $3.02 following upbeat quarterly results.
Inseego Corp. (NASDAQ:INSG) gained 31.4% to $5.05 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.
CareDx, Inc (NASDAQ:CDNA) surged 26.3% to $13.99 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.
Sensus Healthcare, Inc. (NASDAQ:SRTS) shares rose 22.5% to $4.6699 after the company reported better-than-expected first-quarter financial results.
Groupon, Inc. (NASDAQ:GRPN) gained 22.3% to $12.85 after the company reported better-than-expected first-quarter results.
Standard Lithium Ltd. (NYSE:SLI) jumped 21.8% to $1.90 after the company reported better-than-expected quarterly GAAP EPS results.
ADMA Biologics, Inc. (NASDAQ:ADMA) rose 21% to $8.39 after the company reported better-than-expected first-quarter financial results and issued strong revenue guidance.
SoundHound AI, Inc. (NASDAQ:SOUN) shares gained 19.3% to $5.66 in pre-market trading after the company reported better-than-expected first quarter financial results.
American Coastal Insurance Corporation (NASDAQ:ACIC) rose 17.2% to $12.79 after the company reported better-than-expected first quarter financial results. The company announced the sale of 100% of its issued and outstanding stock of Interboro Insurance Company to Forza Insurance Holdings.
Global Gas Corporation (NASDAQ:HGAS) rose 15.3% to $1.28.
Gen Digital Inc. (NASDAQ:GEN) gained 15% to $23.42 after the company reported better-than-expected quarterly earnings and authorized a $3 billion share repurchase program.
Mettler-Toledo International Inc. (NYSE:MTD) gained 14.6% to $1,478.49 after the company reported better-than-expected first-quarter financial results and issued guidance.
SkyWater Technology, Inc. (NASDAQ:SKYT) rose 14.4% to $7.61.
Clean Energy Fuels Corp. (NASDAQ:CLNE) climbed 13.6% to $2.74 following upbeat quarterly results.
Natural Grocers by Vitamin Cottage, Inc. (NASDAQ:NGVC) gained 13.2% to $20.19 following second-quarter results.
Natera, Inc. (NASDAQ:NTRA) rose 11.3% to $106.36 following strong first-quarter earnings.
NuScale Power Corporation (NYSE:SMR) jumped 11% to $6.50 following first-quarter results.
Integral Ad Science Holding Corp. (NASDAQ:IAS) gained 8.8% to $9.12 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
Dutch Bros Inc. (NYSE:BROS) jumped 8.7% to $35.68 after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $33 to $46.
Funko Inc (NASDAQ:FNKO) gained 7% to $7.30 as the company reported better-than-expected first-quarter earnings and issued strong earnings forecast for the second quarter. The company also appointed Cynthia Williams as its Chief Executive Officer, effective May 20.
Genpact Limited (NYSE:G) gained 6.8% to $34.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 EPS range.
Array Technologies, Inc. (NASDAQ:ARRY) shares rose 3.5% to $12.94 after the company reported stronger-than-expected financial results for the first quarter on Thursday.

Losers

MacroGenics, Inc. (NASDAQ:MGNX) shares fell 73.4% to $3.9089 after the company reported worse-than-expected first-quarter financial results.
Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) fell 37.2% to $0.0439 after jumping 20% on Thursday.
Flux Power Holdings, Inc. (NASDAQ:FLUX) dipped 35.8% to $2.9350 after the company reported worse-than-expected quarterly financial results.
Antelope Enterprise Holdings Limited (NASDAQ:AEHL) fell 29.3% to $1.30 after the company announced second half and full year 2023 financial results.
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) fell 29.2% to $2.7290 after the company reported worse-than-expected first-quarter financial results and lowered its FY24 sales guidance below estimates.
Revance Therapeutics, Inc. (NASDAQ:RVNC) fell 27% to $3.0950 as the company posted a loss for its first quarter on Thursday.
Biofrontera Inc. (NASDAQ:BFRI) fell 26.6% to $1.16.
American Vanguard Corporation (NYSE:AVD) dipped 22.2% to $9.84 following weak quarterly results.
UTime Limited (NASDAQ:WTO) dipped 22% to $0.25.
The Beauty Health Company (NASDAQ:SKIN) fell 22% to $2.80 following quarterly results.
MicroVision, Inc. (NASDAQ:MVIS) shares fell 21.6% to $1.27 after the company reported worse-than-expected first-quarter GAAP EPS results.
Progyny, Inc. (NASDAQ:PGNY) shares fell 21.5% to $25.51 after the company reported worse-than-expected first-quarter sales results and issued FY24 sales guidance below estimates.
Pineapple Energy Inc. (NASDAQ:PEGY) shares declined 20.7% to $0.0579 after the company reported worse-than-expected first quarter financial results.
The E.W. Scripps Company (NASDAQ:SSP) dipped 19.7% to $3.71 following quarterly results.
CS Disco, Inc. (NYSE:LAW) fell 19.6% to $6.50 following weak sales.
Safe and Green Development Corporation (NASDAQ:SGD) shares fell 18.4% to $0.6937 after jumping around 37% on Thursday.
Docebo Inc. (NASDAQ:DCBO) fell 18.2% to $37.99.
JFrog Ltd. (NASDAQ:FROG) shares fell 17.7% to $33.43 after the company reported first quarter financial results.
Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) shares fell 17.3% to $0.7606 after the company reported worse-than-expected first-quarter sales results.
Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) fell 15.6% to $11.35 following first-quarter financial results.
Gritstone bio, Inc. (NASDAQ:GRTS) shares declined 14.4% to $0.8320 after the company reported worse-than-expected first quarter GAAP EPS results.
Navitas Semiconductor Corporation (NASDAQ:NVTS) shares fell 12.8% to $4.0850 after the company reported worse-than-expected first-quarter adjusted EPS results.
Forward Air Corporation (NASDAQ:FWRD) declined 12.2% to $14.72.
Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) fell 11.1% to $21.97 after the company reported second-quarter financial results.
AMN Healthcare Services, Inc. (NYSE:AMN) fell 9.5% to $55.08 following first-quarter results.
Evolent Health, Inc. (NYSE:EVH) fell 8.4% to $24.69 after the company reported first-quarter financial results.
Akamai Technologies, Inc. (NASDAQ:AKAM) fell 8.1% to $94.16 after the company issued weak guidance.
Fluence Energy, Inc. (NASDAQ:FLNC) declined 7.8% to $17.28 following second-quarter financial results.
Aurora Innovation, Inc. (NASDAQ:AUR) dipped 7.4% to $3.3399.
MoonLake Immunotherapeutics (NASDAQ:MLTX) fell 7% to $39.02.
Affirm Holdings, Inc. (NASDAQ:AFRM) fell 5% to $33.13. BMO Capital analyst James Fotheringham maintained Affirm with a Market Perform and lowered the price target from $48 to $46.
Runway Growth Finance Corp. (NASDAQ:RWAY) shares fell 4.1% to $11.61 as the company priced its secondary offering of 3.75 million common stock by selling stockholder at $11.50 per share.
Yelp Inc. (NYSE:YELP) shares declined 3.6% to $38.20 after the company reported a first-quarter revenue miss.