Why Charles Schwab Shares Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Author: Avi Kapoor | July 16, 2024 01:06pm

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell sharply during Tuesday's session following second-quarter results.

Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro.

Charles Schwab shares dipped 7.5% to $69.42 on Tuesday.

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

Gainers

• Yoshitsu Co., Ltd (NASDAQ:TKLF) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results.
• Silo Pharma, Inc. (NASDAQ:SILO) shares climbed 95.4% to $2.12 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer’s drug.
• Logistic Properties of the Americas (NYSE:LPA) shares climbed 53.8% to $23.71.
• NaaS Technology Inc. (NASDAQ:NAAS) gained 38% to $3.8503.
• Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) gained 38% to $1.4799.
• AEON Biopharma, Inc. (NYSE:AEON) shares rose 29.2% to $2.9450 after jumping around 63% on Monday.
• Conduit Pharmaceuticals Inc. (NASDAQ:CDT) gained 27.3% to $0.3055 after declining over 8% on Monday.
• AngioDynamics, Inc. (NASDAQ:ANGO) surged 24.7% to $7.39 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance.
• KWESST Micro Systems Inc. (NASDAQ:KWE) gained 22.8% to $0.4160
• Zenvia Inc. (NASDAQ:ZENV) climbed 22.7% to $1.9634. The company announced that it entered into an agreement with Alliance Global Partners to offer and sell Class A common shares up to $20 million.
• Locafy Limited (NASDAQ:LCFY) rose 21% to $4.4150.
• SciSparc Ltd. (NASDAQ:SPRC) gained 20% to $1.0150.
• Koss Corporation (NASDAQ:KOSS) rose 19.8% to $10.45.
• Alpha Technology Group Limited (NASDAQ:ATGL) climbed 19.2% to $3.42.
• Meiwu Technology Company Limited (NASDAQ:WNW) shares rose 16.1% to $1.01 after surging around 15% on Monday.
• NetSol Technologies, Inc. (NASDAQ:NTWK) climbed 16% to $3.0501 as the company signed a $16 million agreement with a major automaker to revolutionize digital car buying and leasing experience in the United States.
• Chegg, Inc. (NYSE:CHGG) gained 15% to $3.6440. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.
• 8×8, Inc. (NASDAQ:EGHT) gained 13.3% to $2.8450. 8×8. secured a $200 million term loan at reduced interest rate.
• Fate Therapeutics, Inc. (NASDAQ:FATE) gained 12.8% to $4.39.
• Pacific Biosciences of California, Inc. (NASDAQ:PACB) rose 12.8% to $1.8350. PacBio is expected to hold its quarterly conference call to discuss its second quarter financial results on Wednesday, Aug. 7.
• Newegg Commerce, Inc. (NASDAQ:NEGG) gained 11.8% to $1.14.
• Harmony Gold Mining Company Limited (NYSE:HMY) jumped 11.8% to $10.57
• Sana Biotechnology, Inc. (NASDAQ:SANA) surged 11.7% to $7.11.
• ServisFirst Bancshares, Inc. (NASDAQ:SFBS) climbed 10.8% to $78.60 after the company reported better-than-expected second-quarter financial result. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $63 to $70.
• Match Group, Inc. (NASDAQ:MTCH) rose 7.9% to $34.54 after Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.
• Arvinas, Inc. (NASDAQ:ARVN) gained 7.7% to $32.27.
• Shopify Inc. (NYSE:SHOP) shares rose 7.3% to $68.92 after B of A Securities upgraded the stock from Neutral to Buy.

Losers

• Cyngn Inc. (NASDAQ:CYN) shares fell 22.1% to $7.15 after jumping 54% on Monday.
• Autonomix Medical, Inc. (NASDAQ:AMIX) shares declined 21.4% to $1.08. Autonomix shares jumped 130% on Monday after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.
• Zeo Energy Corp. (NASDAQ:ZEO) fell 18% to $3.23.
• Clearmind Medicine Inc (NASDAQ:CMND) fell 16.7% to $1.85. Clearmind Medicine announced the FDA clearance for IND application of MEAI-based CMND-100 oral capsule.
• Crown LNG Holdings Limited (NASDAQ:CGBS) declined 15.8% to $2.65.
• Funko, Inc. (NASDAQ:FNKO) shares fell 13.3% to $8.71.
• Shapeways Holdings, Inc. (NASDAQ:SHPW) fell 13.2% to $0.3010.
• Vicinity Motor Corp. (NASDAQ:VEV) shares dipped 12.8% to $0.5581 after dipping 10% on Monday.
• Trump Media & Technology Group Corp. (NASDAQ:DJT) shares fell 8.7% to $37.04. Trump Media & Technology Group shares jumped over 31% on Monday following the attempted assassination of Donald Trump.
• Greenpro Capital Corp. (NASDAQ:GRNQ) shares fell 8.5% to $1.08. Greenpro Capital shares surged around 35% on Monday after the company announced that its subsidiary, Green-X, secured over $100 million in digital assets.
• Grom Social Enterprises, Inc. (NASDAQ:GROM) shares declined 7.8% to $0.3945 after gaining around 10% on Monday.
• Reddit, Inc. (NYSE:RDDT) fell 7.1% to $67.83 after Loop Capital downgraded the stock from Buy to Hold.
• Eos Energy Enterprises, Inc. (NASDAQ:EOSE) fell 7% to $1.9150.

Now Read This:

• Jim Cramer Says If You Sell This Chinese EV Stock Now, ‘Some Clown’ Will Be ‘Real Positive About It,’ Wait Until ‘All That Stuff Happens‘

Posted In: AEON AMIX ANGO ARVN ATGL CDT CGBS CHGG CMND CYN DJT EGHT EOSE FATE FNKO GRNQ GROM HMY KOSS KWE