Why AMMO Shares Are Trading Lower By Over 19%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Author: Avi Kapoor | June 14, 2024 02:13pm

Shares of AMMO, Inc. (NASDAQ:POWW) fell sharply during Friday's session following fourth-quarter results.

AMMO reported a fourth-quarter profit of 1 cent per share, compared to market expectations for a loss of 1 cent per share. The company reported quarterly sales of $40.42 million topping estimates of $37.90 million, according to data from Benzinga Pro.

AMMO shares dipped 19.1% to $2.0306 on Friday.

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

Gainers

• Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) shares jumped 345% to $6.06.
• SRIVARU Holding Limited (NASDAQ:SVMH) gained 150% to $0.3852 after the company announced it will begin accepting paid reservations and bookings for its flagship product, the PRANA 2.0, on June 16th.
• CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) surged 42.5% to $5.16.
• FOXO Technologies Inc. (NASDAQ:FOXO) shares gained 29% to $0.3092 after the company announced it entered into share exchange agreements with Rennova Health.
• Jeffs’ Brands Ltd (NASDAQ:JFBR) surged 29% to $0.4528.
• BIMI Holdings Inc. (NASDAQ:BIMI) gained 25.7% to $2.15.
• Longeveron Inc. (NASDAQ:LGVN) rose 23.4% to $3.36.
• OneMedNet Corporation (NASDAQ:ONMD) gained 20% to $1.4599 as the company announced iRWD customer data license agreement with a leading U.S.-based global clinical trial design and software company.
• Can-Fite BioPharma Ltd. (NYSE:CANF) jumped 17.9% to $4.28.
• Disc Medicine, Inc. (NASDAQ:IRON) rose 15.6% to $45.29. Disc Medicine announced a $178 million underwritten offering of 4.944 million shares at $36 per share.
• Adobe Inc. (NASDAQ:ADBE) rose gained 14.3% to $524.39 following better-than-expected second-quarter earnings and strong guidance.
• RenovoRx, Inc. (NASDAQ:RNXT) surged 14.3% to $1.2001.
• Ocular Therapeutix, Inc. (NASDAQ:OCUL) gained 14.1% to $5.75 as the company highlighted AXPAXLI SOL-1 enrollment and plans repeat dosing study in wet AMD.
• Nauticus Robotics, Inc. (NASDAQ:KITT) gained 14% to $0.1836 after dipping 17% on Thursday.
• VinFast Auto Ltd. (NASDAQ:VFS) gained 9.9% to $4.32. VinFast Auto anticipates sustained growth for next five years and approaching break-even point.
• Tutor Perini Corporation (NYSE:TPC) rose 9.9% to $21.11. UBS analyst Steven Fisher upgraded Tutor Perini from Neutral to Buy and raised the price target from $14 to $27.
• Willis Lease Finance Corporation (NASDAQ:WLFC) gained 6.4% to $64.99.
• Hasbro, Inc. (NASDAQ:HAS) gained 5.5% to $61.22 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $70 to $80.

Losers

• QXO, Inc. (NASDAQ:QXO) shares dipped 43.3% to $116.47 after announcing a $3.5 billion private placement.
• Nexalin Technology, Inc. (NASDAQ:NXL) shares fell 33.3% to $0.9192 after jumping 121% on Thursday. Nexalin Technology recently announced regulatory approval of Gen-2 15mA neurostimulation device by Brazilian Health Regulatory Agency.
• IN8bio, Inc. (NASDAQ:INAB) dipped 31.1% to $1.1598 after the company presented data from its Phase 1 trial of INB-100 showing 100% of treated leukemia patients achieved durable complete remission at 1 year.
• Gain Therapeutics, Inc. (NASDAQ:GANX) fell 28.1% to $1.3599 after the company announced the pricing of a $11 million public offering of 7,116,547 shares at $1.35 per share and pre-funded warrants.
• Kyverna Therapeutics, Inc. (NASDAQ:KYTX) dipped 24.8% to $10.88.
• Rezolute, Inc. (NASDAQ:RZLT) shares fell 24.3% to $3.90 after the company announced pricing of public offering of $60 million of common stock and pre-funded warrants.
• ThermoGenesis Holdings, Inc. (NASDAQ:THMO) dipped 20.2% to $0.3302.
• NaaS Technology Inc. (NASDAQ:NAAS) fell 20.2% to $5.66. The company announced completion of ADS ratio change.
• NanoViricides, Inc. (NASDAQ:NNVC) fell 19.3% to $2.08
• Neo-Concept International Group Holdings Limited (NASDAQ:NCI) shares fell 19.2% to $0.7141 after jumping over 35% on Thursday.
• Ostin Technology Group Co Ltd (NASDAQ:OST) fell 19.2% to $0.4020 after jumping 24% on Thursday.
• RH (NYSE:RH) shares fell 18.6% to $225.60 after the company reported mixed first-quarter financial results.
• Assure Holdings Corp. (NASDAQ:IONM) declined 15.3% to $0.26.
• Bandwidth Inc. (NASDAQ:BAND) fell 13.1% to $16.07. Morgan Stanley analyst Meta Marshall downgraded Bandwidth from Equal-Weight to Underweight and lowered the price target from $18 to $15.
• Cabaletta Bio, Inc. (NASDAQ:CABA) dipped 12.5% to $10.99 as the company announced initial clinical data from Phase 1/2 RESET-Myositis and RESET-SLE trials of CABA-201.
• 2U, Inc. (NASDAQ:TWOU) fell 10.5% to $6.11.
• Corcept Therapeutics Incorporated (NASDAQ:CORT) dipped 10% to $28.36.
• Novavax, Inc. (NASDAQ:NVAX) fell 9.7% to $13.59.
• PENN Entertainment, Inc. (NASDAQ:PENN) fell 9.6% to $17.23. Truist Securities analyst Barry Jonas maintained PENN Entertainment with a Buy and raised the price target from $23 to $25.
• ATI Inc. (NYSE:ATI) fell 9.6% to $51.65.
• MSC Industrial Direct Co., Inc. (NYSE:MSM) shares declined 8.3% to $77.48 after the company reported preliminary third-quarter financial results below estimates and cut its FY24 adjusted operating margin.
• Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) fell 7.7% to $39.82 as the company announced the pricing of public offering of common stock and pre-funded warrants.
• WESCO International, Inc. (NYSE:WCC) fell 7.1% to $161.79.
• Carnival plc (NYSE:CUK) fell 6.7% to $13.89.
• Bloom Energy Corporation (NYSE:BE) fell 5.7% to $14.23.
• Telephone and Data Systems, Inc. (NYSE:TDS) fell 5.6% to $18.93

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