Why Signet Jewelers Shares Are Trading Lower By Over 12%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Author: Avi Kapoor | June 13, 2024 02:07pm

Shares of Signet Jewelers Limited (NYSE:SIG) fell sharply during Thursday's session following mixed first-quarter earnings including an 8.9% drop in same store sales.

The company reported a first-quarter FY25 sales decline of 9.5% year-on-year to $1.510 billion, missing the analyst consensus estimate of $1.514 billion. Adjusted EPS of $1.11 beat the consensus estimates of 85 cents.

Signet expects second-quarter sales of $1.46 billion – $1.52 billion, versus the consensus of $1.508 billion.

Signet Jewelers shares dipped 12.5% to $94.81 on Thursday.

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

Gainers

BioRestorative Therapies, Inc. (NASDAQ:BRTX) shares climbed 66.3% to $2.22 after the company announced that it engaged in advanced discussions for a ThermoStem license with a regenerative medicine firm.
Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) gained 59.3% to $1.14 after the company announced that it signed a memorandum of understanding and intends to appoint Bounce Electric 1 Private as its contract manufacturing partner for sales of the i300 in India..
Sharps Technology, Inc. (NASDAQ:STSS) shares climbed 39% to $0.4162 after the company announced that it signed a $30 million purchase order from Nephron Pharmaceuticals for prefillable copolymer syringes.
E-Home Household Service Holdings Limited (NASDAQ:EJH) jumped 35.1% to $0.8101.
Biomea Fusion, Inc. (NASDAQ:BMEA) gained 28% to $5.95
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) rose 24% to $2.8999.
Neo-Concept International Group Holdings Limited (NASDAQ:NCI) gained 23.6% to $0.8070.
Vivani Medical, Inc. (NASDAQ:VANI) jumped 23% to $2.0050 after the company announced the FDA cleared the Investigational New Drug Application and lifted the clinical hold on NPM-119.
NWTN Inc. (NASDAQ:NWTN) gained 22.8% to $1.84.
Barnes & Noble Education, Inc. (NYSE:BNED) jumped 22.2% to $8.40. Barnes & Noble Education named Jonathan Shar as new Chief Executive Officer.
John Wiley & Sons, Inc. (NYSE:WLYB) rose 19.3% to $42.62 as the company reported results for the fourth quarter and fiscal year ended April 30, 2024.
Longeveron Inc. (NASDAQ:LGVN) shares climbed 18.8% to $2.15. Longeveron shares jumped over 120% on Wednesday following the circulation of a Zacks Small Cap Research note valuing the stock at $15.10 per share.
Kyverna Therapeutics, Inc. (NASDAQ:KYTX) gained 17.3% to $16.10.
Fangdd Network Group Ltd. (NASDAQ:DUO) shares rose 14.9% to $0.70 after surging 5% on Wednesday.
American Superconductor Corporation (NASDAQ:AMSC) jumped 14.3% to $26.92. Roth MKM analyst Justin Clare maintained American Superconductor with a Buy and raised the price target from $20 to $27.
Neo-Concept International Group Holdings Limited (NASDAQ:NCI) gained 14.2% to $0.7450.
Broadcom Inc. (NASDAQ:AVGO) rose gained 14.2% to $1,707.99 after the company posted stronger-than-expected results for its second quarter. The company declared a quarterly dividend of $5.25 per share and also announced a 10-for-1 forward stock split. Broadcom boosted its fiscal year 2024 revenue guidance to approximately $51 billion, up from approximately $50 billion.
Bitfarms Ltd. (NASDAQ:BITF) jumped 12.3% to $2.73. The company on Thursday issued new guidance for 2025 after announcing an agreement to develop power capacity in Pennsylvania.
United Homes Group, Inc. (NASDAQ:UHG) gained 12.3% to $7.34.
Grupo Supervielle S.A. (NYSE:SUPV) gained 10.7% to $7.26 after rising 6% on Wednesday.
Core Scientific, Inc. (NASDAQ:CORZ) rose 8.3% to $10.36.
Korn Ferry (NYSE:KFY) gained 7% to $67.87 following better-than-expected quarterly results.
Tesla Inc (NASDAQ:TSLA) shares gained 6.7% to $189.30 after CEO Elon Musk said the company’s shareholder resolutions are passing with significant margins.

Losers

Assure Holdings Corp. (NASDAQ:IONM) shares fell 48.8% to $0.27.
Cara Therapeutics, Inc. (NASDAQ:CARA) fell 37.1% to $0.4202 after the company announced the outcome from the dose-finding Part A of the KOURAGE-1 study evaluating the efficacy and safety of oral difelikefalin for moderate-to-severe pruritus in adult patients with notalgia paresthetica. Also, Needham, Canaccord Genuity and HC Wainwright downgraded their respective ratings on the stock.
Nuburu, Inc. (NASDAQ:BURU) fell 36.1% to $0.0933 after the company announced that it will be implementing a 1-for-40 reverse stock split.
DDC Enterprise Limited (NYSE:DDC) shares declined 30.9% to $1.07. DayDayCook shares jumped 198% on Wednesday after the company announced it has acquired Omsom.
CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) fell 29% to $0.50. CERo Therapeutics completed IND-Enabling activities following successful manufacturing runs for lead compound CER-1236.
ZKH Group Limited (NYSE:ZKH) declined 28% to $4.1350.
PainReform Ltd. (NASDAQ:PRFX) shares fell 26.2% to $0.5712 after surging around 19% on Wednesday.
KWESST Micro Systems Inc. (NASDAQ:KWE) fell 19% to $0.5899.
J.Jill, Inc. (NYSE:JILL) fell 17.8% to $32.48. J.Jill priced its public offering of 2 million common stock at $31 per share.
Tellurian Inc. (NYSE:TELL) dipped 16.5% to $0.6328
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares fell 13.1% to $0.7401 after the company announced it will effect a reverse stock split.
Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) shares fell 11.7% to $0.5712 after gaining 10% on Wednesday.
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares fell 11.4% to $44.60 after the company posted downbeat results for its first quarter on Wednesday.
Gold Fields Limited (NYSE:GFI) fell 10.8% to $14.13 after the company revised its 2024 group production guidance down due to the impact of weather events on the Salares Norte project.
Repligen Corporation (NASDAQ:RGEN) dipped 9.8% to $128.74. Repligen named Olivier Loeillot as Chief Executive Officer, effective Sept. 1.
Paramount Global (NASDAQ:PARA) fell 6.3% to $10.41.