Why Core & Main Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Author: Avi Kapoor | June 04, 2024 12:54pm

Shares of Core & Main Inc (NYSE:CNM) fell sharply during Tuesday's session after the company reported mixed first-quarter financial results.

Core & Main posted quarterly earnings of 49 cents per share, missing market expectations of 52 cents per share. The company's quarterly sales came in at $1.74 billion versus estimates of $1.72 billion, according to data from Benzinga Pro.

Core & Main shares dipped 11.4% to $49.77 on Tuesday.

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

Gainers

MicroAlgo Inc (NASDAQ:MLGO) shares jumped 284% to 5.99 after the company announced that it will jointly establish a micro-consciousness quantum research center with WiMi.
Sobr Safe Inc (NASDAQ:SOBR) surged 112% to $0.56 after the company announced SOBRsure device purchases from two new customers.
Annexon, Inc. (NASDAQ:ANNX) climbed 40% to $6.44 after the company’s Phase 3 trial of ANX005 met its primary endpoint.
WiMi Hologram Cloud Inc – ADR (NASDAQ:WIMI) shares gained 37.3% to $1.18 after the company announced that the company and MicroAlgo will jointly establish a micro-consciousness quantum research center.
Core Scientific Inc (NASDAQ:CORZ) shares rose 29% to $6.28. Core Scientific announced the signing of a series of 12-year contracts with CoreWeave, the AI Hyperscaler.
Oblong Inc (NASDAQ:OBLG) gained 25% to $0.32 after the company announced that it signed a non-binding letter of intent to acquire Dwellwell Analytics.
Captivision Inc (NASDAQ:CAPT) shares climbed 22.7% to $4.16 after dipping 28% on Monday.
Marin Software Inc (NASDAQ:MRIN) gained 21.2% to $2.97. Marin Software announced expanded Amazon integration to unlock channel for all advertisers.
Moving Image Technologies Inc (NYSE:MITQ) gained 20.2% to $0.67.
Alset Inc (NASDAQ:AEI) shares climbed 19.4% to $1.23
CareCloud Inc (NASDAQ:CCLD) shares gained 18.2% to $3.54.
Saia Inc (NASDAQ:SAIA) shares climbed 12.3% to $452.00 after the company reported an 18% increase in LTL shipments per workday in April.
Terawulf Inc (NASDAQ:WULF) gained 12% to $2.30 after the company issued May 2024 production and operations update.
SINTX Technologies Inc (NASDAQ:SINT) gained 11.8% to $7.28.
Zai Lab Ltd – ADR (NASDAQ:ZLAB) shares rose 9.9% to $19.78.
Hillevax Inc (NASDAQ:HLVX) gained 9.7% to $13.60.
Agenus Inc (NASDAQ:AGEN) shares rose 9.3% to $18.55.
SkyWest Inc (NASDAQ:SKYW) gained 5.6% to $83.87.
Forward Air Corp (NASDAQ:FWRD) gained 3.9% to $17.88.

Losers

ENDRA Life Sciences Inc (NASDAQ:NDRA) shares fell 66.4% to $0.073 after the company announced pricing of $8.0 million public offering.
Avalon Globocare Corp (NASDAQ:ALBT) shares fell 30.9% to $0.85 after surging 317% on Monday.
Equillium Inc (NASDAQ:EQ) fell 25.2% to $1.10 after the company announced topline data from its Phase 2 study of EQ101 in alopecia areata.
JIADE Ltd (NASDAQ:JDZG) fell 21.3% to $9.81.
Designer Brands Inc (NYSE:DBI) shares fell 20.5% to $8.79 following first-quarter earnings.
MingZhu Logistics Holdings Ltd (NASDAQ:YGMZ) shares fell 17.5% to $0.38. MingZhu Logistics Holdings shares jumped 32% on Monday after the company announced an agreement to acquire Oxylus Global.
Humacyte Inc (NASDAQ:HUMA) shares declined 17.1% to $6.11.
NewGenIvf Group Ltd (NASDAQ:NIVF) shares fell 16.8% to $1.15. On Monday, NewGenIvf signed a non-binding $617.34 million deal for potential reverse merger with pharma company COVIRIX.
GCT Semiconductor Holding Inc (NYSE:GCTS) shares declined 14.6% to $3.92
CalAmp Corp (NASDAQ:CAMP) shares declined 14% to $0.87. CalAmp recently entered into a restructuring support agreement to take the company private and has voluntarily initiated proceedings under Chapter 11 of the United States Bankruptcy Code.
Nuscale Power Corp (NYSE:SMR) shares fell 12.2% to $6.70.
Amarin Corporation plc (NASDAQ:AMRN) shares declined 12% to $0.75 after the company announced that it appointed Aaron Berg as President and CEO.
Cibus Inc (NASDAQ:CBUS) shares declined 11.4% to $11.76.
Ivanhoe Electric Inc (NYSE:IE) shares fell 10% to $9.73.
Bath & Body Works Inc (NYSE:BBWI) fell 10.5% to $46.39 after the company reported first-quarter earnings.
ICICI Bank Ltd (NYSE:IBN) shares declined 10.4% to $25.38 as Indian stocks moved lower amid early results from India’s general election.
Microbot Medical Inc. (NASDAQ:MBOT) shares fell 9.4% to $1.25 after jumping 38% on Monday.
Bark Inc (NYSE:BARK) shares declined 9.3% to $1.27 after the company reported downbeat financial results for its fourth quarter and issued FY25 revenue guidance below estimates.
HDFC Bank Ltd (NYSE:HDB) declined 9.2% to $55.62 as Indian stocks moved lower amid early results from India’s general election.
Hywin Holdings Ltd – ADR (NASDAQ:HYW) shares fell 9% to $0.61 after jumping 91% on Monday.
Axos Financial Inc (NYSE:AX) shares fell 8.9% to $47.79 after Short seller Hindenburg Research issued a short report on the stock.
Modine Manufacturing Co (NYSE:MOD) shares fell 8.7% to $91.14.
Arch Resources Inc (NYSE:ARCH) shares declined 8.4% to $164.81.
Dave Inc (NASDAQ:DAVE) fell 7.5% to $35.05. Dave announced an extension of its official partnership with the Drew League, Los Angeles’ premiere Pro-Am basketball league.
GameStop Corp (NYSE:GME) shares fell 5.5% to $26.45, pulling back after rallying 21% on Monday.