Why ConAgra Brands Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Author: Avi Kapoor | July 11, 2024 02:02pm

Shares of Conagra Brands, Inc. (NYSE:CAG) fell during Thursday's session after the company reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.

The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro.

Conagra Brands shares declined 3.9% to $27.70 on Thursday.

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

Gainers

Kazia Therapeutics Limited (NASDAQ:KZIA) shares surged 88.6% to $1.26. Kazia Therapeutics, on Wednesday, announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.
Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares jumped 78.6% to $1.2698 after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.
Volcon, Inc. (NASDAQ:VLCN) climbed 68.2% to $6.13 in response to a series of buy-sell transactions by UBS Group AG (NYSE:UBS).
iSpecimen Inc. (NASDAQ:ISPC) jumped 48% to $0.4241.
Renalytix Plc (NASDAQ:RNLX) gained 35% to $0.4125 after the company announced a collaboration with the Steno Diabetes Center, Copenhagen, to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease.
Blue Star Foods Corp. (NASDAQ:BSFC) shares rose 33.6% to $2.2450 after declining around 5% on Wednesday.
Cyngn Inc. (NASDAQ:CYN) gained 32.5% to $5.25. Cyngn announced the expansion of its dealer network to include Alta Equipment Group.
Methode Electronics, Inc. (NYSE:MEI) shares rose 29.4% to $12.22 after the company reported better-than-expected fourth-quarter sales results.
QuantumScape Corporation (NYSE:QS) gained 25% to $6.76 after the company announced it entered into an agreement with PowerCo to industrialize solid-state batteries.
Terns Pharmaceuticals, Inc. (NASDAQ:TERN) jumped 18.2% to $8.63.
SoundHound AI, Inc. (NASDAQ:SOUN) rose 16.7% to $5.92. SoundHound AI recently announced that its ChatGPT-integrated voice assistant is now live and in production in Peugeot, Opel and Vauxhall vehicle brands in Europe.
LL Flooring Holdings, Inc. (NYSE:LL) jumped 15.4% to $0.7850.
Astrana Health, Inc. (NASDAQ:ASTH) gained 11.2% to $42.47. Truist Securities analyst Jailendra Singh upgraded Astrana Health from Hold to Buy and raised the price target from $44 to $50.
IGM Biosciences, Inc. (NASDAQ:IGMS) shares rose 10.8% to $7.76.
Ribbon Communications Inc. (NASDAQ:RBBN) climbed 10.8% to $3.60 after Rosenblatt initiated coverage on the stock with a Buy rating and announced a $5 price target.
OKYO Pharma Limited (NASDAQ:OKYO) gained 10.2% to $1.3003 as the company announced plans to initiate neuropathic corneal pain trial for OK-101.
Actelis Networks, Inc. (NASDAQ:ASNS) shares rose 9.7% to $1.72 after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.
NaaS Technology Inc. (NASDAQ:NAAS) shares gained 8.4% to $5.07 after surging 44% on Wednesday.
Lantheus Holdings, Inc. (NASDAQ:LNTH) rose 8.2% to $114.89. Leerink Partners maintained Lantheus with an Outperform and raised the price target from $106 to $127.
MicroStrategy Incorporated (NASDAQ:MSTR) rose 8% to $1,410.01 after the company announced a 10-for-1 stock split.
Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) rose 7.6% to $1.8307.
Pool Corporation (NASDAQ:POOL) gained 6.6% to $318.49.

Losers

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) dipped 28.1% to $5.32 after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.
Cingulate Inc. (NASDAQ:CING) fell 25% to $0.4862 after gaining 74% on Wednesday.
Crown LNG Holdings Limited (NASDAQ:CGBS) dipped 18.6% to $2.5102.
Telesis Bio, Inc. (NASDAQ:TBIO) declined 18.2% to $3.5736.
Boqii Holding Limited (NYSE:BQ) dipped 17.6% to $0.4271.
TuanChe Limited (NASDAQ:TC) shares fell 17.5% to $1.5996.
Clene Inc. (NASDAQ:CLNN) fell 15.7% to $4.7350. Clene announced plans to submit briefing book to the U.S. FDA in connection with granted Type C interaction to obtain FDA feedback on potential pathway to accelerated approval for CNM-Au8 in ALS.
E2open Parent Holdings, Inc. (NASDAQ:ETWO) declined 15.7% to $3.72 after the company reported worse-than-expected first-quarter sales results.
uniQure N.V. (NASDAQ:QURE) dipped 14.2% to $8.68. The company recently announced updated interim data including up to 24 months of follow-up data from 29 treated patients enrolled in the ongoing U.S. and European Phase I/II clinical trials of AMT-130 for the treatment of
Longeveron Inc. (NASDAQ:LGVN) shares fell 9.4% to $4.1191. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer’s Disease.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) dipped 9% to $18.06.
Innovative Eyewear, Inc. (NASDAQ:LUCY) fell 8% to $0.4210 after gaining over 20% on Wednesday.
BRC Inc. (NYSE:BRCC) fell 7.7% to $4.9850.
Delta Air Lines, Inc. (NYSE:DAL) fell 7.1% to $43.56 after the company posted downbeat second-quarter earnings and issued lower-than-expected third-quarter earnings outlook.
American Airlines Group Inc. (NASDAQ:AAL) declined 6.2% to $10.45 in sympathy with Delta, which fell after reporting mixed quarterly earnings.
United Airlines Holdings, Inc. (NASDAQ:UAL) fell 5.5% to $44.58 in sympathy with Delta, which fell after reporting mixed quarterly earnings.
Celestica Inc. (NYSE:CLS) fell 5.4% to $58.18. Celestica is expected to release second quarter financial results on Wednesday, July 24.