Why James Hardie Industries Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Author: Avi Kapoor | May 21, 2024 01:36pm

Shares of James Hardie Industries plc (NYSE:JHX) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results.

James Hardie Industries posted adjusted earnings of 40 cents per share, missing market expectations of 42 cents per share. The company's quarterly sales came in at $1.005 billion versus estimates of $1.009 billion, according to data from Benzinga Pro.

JP Morgan analyst Al Harvey downgraded James Hardie Industries from Overweight to Neutral.

James Hardie Industries shares dipped 14.3% to $31.36 on Tuesday.

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

Gainers

MGO Global, Inc. (NASDAQ:MGOL) shares jumped 194% to $0.6739 after the company posted first-quarter results.
Mangoceuticals, Inc. (NASDAQ:MGRX) gained 121% to $0.5598 after the company announced the development of oral formulations of Semaglutide and Tirzepatide.
Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) jumped 87% to $2.3750 after the company presented Phase 2 clinical trial results of its newly-licensed eRapa in familial adenomatous polyposis scheduled for presentation at the 2024 Digestive Disease Week Annual Meeting.
Meta Materials Inc. (NASDAQ:MMAT) gained 64.4% to $3.78 after the company late Monday announced an update on its investigation into potential naked short selling, which began in June 2023.
FLJ Group Limited (NASDAQ:FLJ) jumped 60% to $1.2521.
AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) shares climbed 41% to $0.1814 after jumping over 25% on Monday.
Edible Garden AG Incorporated (NASDAQ:EDBL) climbed 38.2% to $5.25 after jumping around 9% on Monday. The company, last week, reported first-quarter financial results.
Complete Solaria, Inc. (NASDAQ:CSLR) gained 35.3% to $1.5828.
Fangdd Network Group Ltd. (NASDAQ:DUO) surged 28% to $1.4813.
Onfolio Holdings, Inc. (NASDAQ:ONFO) rose 26% to $0.7801 following first-quarter results.
Xylo Technologies Ltd. (NASDAQ:XYLO) gained 21.3% to $2.3780. Xylo Technologies announced plans to acquire a leading AI technology company.
Ault Alliance, Inc. (NYSE:AULT) rose 18% to $0.4630 after the company reported a year-over-year increase in first-quarter financial results.
Lichen China Limited (NASDAQ:LICN) gained 15% to $1.77.
Waldencast plc (NASDAQ:WALD) gained 15% to $5.00 following first-quarter results.
Larimar Therapeutics, Inc.. (NASDAQ:LRMR) rose 12.3% to $8.16 after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.
Transcat, Inc. (NASDAQ:TRNS) rose 10.1% to $136.63 following better-than-expected quarterly earnings.
XPeng Inc. (NYSE:XPEV) gained 10% to $9.12 after the company reported better-than-expected first-quarter results and issued second-quarter guidance.
Bloom Energy Corporation (NYSE:BE) rose 9.7% to $14.18.
Allogene Therapeutics, Inc. (NASDAQ:ALLO) gained 8.5% to $2.8090 after falling over 6% on Monday.

Losers

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) fell 67% to $4.77 after jumping over 36% on Monday.
Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares fell 60.5% to $0.0623 after the company reported a year-over-year decrease in first-quarter financial results. Also, the company announced a registered direct offering.
LuxUrban Hotels Inc. (NASDAQ:LUXH) fell 42.4% to $0.2585 after the company announced the pricing of its public offering of 30.50 million common shares at $0.25 per share.
Crown ElectroKinetics Corp. (NASDAQ:CRKN) dipped 33% to $0.1331.
American Oncology Network, Inc. (NASDAQ:AONC) fell 28.5% to $2.00. American Oncology Network announced voluntary delisting from the Nasdaq.
MultiMetaVerse Holdings Limited (NASDAQ:MMV) dipped 28% to $0.9497. MultiMetaVerse, on Monday, signed a term sheet to acquire Bowong Technology.
Pineapple Energy Inc. (NASDAQ:PEGY) shares fell 27.6% to $0.1371 after jumping 80% on Monday.
Rubicon Technologies, Inc. (NYSE:RBT) fell 27% to $0.2482 after the company reported a year-over-year decrease in first-quarter sales results.
Bruush Oral Care Inc. (NASDAQ:BRSH) dipped 26.6% to $0.1160.
iSun, Inc. (NASDAQ:ISUN) shares fell 25.3% to $0.1250 after climbing around 15% on Monday.
NovaBay Pharmaceuticals, Inc. (NYSE:NBY) shares fell 24.9% to $0.1310 following a 47% surge on Monday. The company last week announced it launched new Avenova product bundles aimed at providing tailored, cost-effective relief for dry eye symptoms.
Akanda Corp. (NASDAQ:AKAN) fell 24.4% to $0.1010.
Scorpius Holdings, Inc. (NYSE:SCPX) shares fell 24.3% to $0.2574. Scorpius shares jumped around 55% on Monday after the company announced expansion in San Antonio with a new storage and testing facility.
Rubicon Technologies, Inc. (NYSE:RBT) shares dipped 24.1% to $0.2582 in pre-market trading after the company reported a year-over-year decrease in first-quarter sales results.
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) fell 22% to $1.3950.
Daré Bioscience, Inc. (NASDAQ:DARE) tumbled 21.7% to $0.4775.
Peloton Interactive, Inc. (NASDAQ:PTON) fell 15.7% to $3.2950 after the company announced it will offer $275 million aggregate principal amount of convertible senior notes in a private offering.
Zenvia Inc. (NASDAQ:ZENV) shares fell 15.2% to $3.25 after jumping over 67% on Monday.
Gaotu Techedu Inc. (NYSE:GOTU) shares declined 13.4% to $7.09 following results for the first quarter.
Oddity Tech Ltd. (NASDAQ:ODD) fell 12.5% to $35.88 following a short seller report.
Hesai Group (NASDAQ:HSAI) shares declined 12.2% to $4.62 following first-quarter results.
Forward Air Corporation (NASDAQ:FWRD) fell 11.3% to $11.97 after announcing leadership transition.
Palo Alto Networks, Inc. (NASDAQ:PANW) fell 4.2% to $309.96. Palo Alto posted better-than-expected earnings for its third quarter. The company said it sees fourth-quarter adjusted earnings of $1.40 to $1.42 per share on total revenue of $2.15 billion to $2.17 billion.
Keysight Technologies, Inc. (NYSE:KEYS) fell 10.6% to $142.78. Keysight Technologies posted better-than-expected second-quarter earnings on Monday. The company said it expects third-quarter revenue of $1.18 billion to $1.20 billion and adjusted earnings of $1.30 to $1.36 per share.
Applied Digital Corporation (NASDAQ:APLD) dipped 10.4% to $4.10.
A10 Networks, Inc. (NYSE:ATEN) fell 8.2% to $15.10.
GameStop Corp. (NYSE:GME) declined 7.6% to $21.38.
Nordson Corporation (NASDAQ:NDSN) fell 7.5% to $248.28 following mixed second-quarter earnings and soft third-quarter revenue guidance.
Amer Sports, Inc. (NYSE:AS) fell 7.4% to $14.83 after the company reported first-quarter earnings.
JD.com, Inc. (NASDAQ:JD) shares declined 3.2% to $33.63 after the company reported interim first-quarter results and announced a proposed offering of $1.5 billion convertible senior notes.