Why Domino's Pizza Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Author: Avi Kapoor | July 18, 2024 01:19pm
Shares of Domino’s Pizza, Inc. (NYSE:DPZ) fell sharply during Thursday's session after the company reported mixed quarterly results.
The company reported second-quarter FY24 sales growth of 7.1% year-on-year to $1.097 billion, missing the analyst consensus estimate of $1.103 billion.
The company is temporarily suspending its guidance metric of 1,100+ global net stores growth until the full effect of DPE's store opens and closures on international net store growth are known.
Domino’s Pizza shares dipped 11.2% to $420.36 on Thursday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Onconetix, Inc. (NASDAQ:ONCO) climbed 97.6% to $0.2944. On July 15, Onconetix announced closing of warrant exercise for $1.11 million gross proceeds.
- Silo Pharma, Inc. (NASDAQ:SILO) jumped 71.6% to $3.86. Silo Pharma said it has entered into a Device and CMC Development Master Plan with Resyca BV, a medical technology provider.
- Chuy’s Holdings, Inc. (NASDAQ:CHUY) rose 47.6% to $37.29 after the company and Darden Restaurants, Inc. (NYSE:DRI) jointly announced that Darden will acquire Chuy's Holdings.
- JE Cleantech Holdings Limited (NASDAQ:JCSE) jumped 24.8% to $0.8873.
- CommScope Holding Company, Inc. (NASDAQ:COMM) gained 19% to $2.0407. Amphenol announced plans to acquire mobile networks businesses from CommScope.
- LivePerson, Inc. (NASDAQ:LPSN) gained 18% to $1.1500. LivePerson is expected to release its second quarter financial results after the closing bell on Wednesday, July 31.
- Kopin Corporation (NASDAQ:KOPN) rose 16% to $1.32. Kopin said it has achieved production approval milestone on next generation F-35 OLEDoS Microdisplay.
- NKGen Biotech, Inc. (NASDAQ:NKGN) surged 15.3% to $1.08 after the company announced it will present new SNK01 biomarker data at the Alzheimer’s Association International Conference.
- ZimVie Inc. (NASDAQ:ZIMV) gained 14.7% to $21.74.
- Virtu Financial, Inc. (NASDAQ:VIRT) rose 13.2% to $26.61 after the company reported better-than-expected second-quarter financial results.
- Acurx Pharmaceuticals, Inc. (NASDAQ:ACXP) rose 10.7% to $2.90.
- D.R. Horton, Inc. (NYSE:DHI) shares rose 10.6% to $174.29 after the company reported better-than-expected third-quarter financial results and revised its FY24 guidance. Also, the company authorized a new $4 billion share repurchase.
- Canadian Solar Inc. (NASDAQ:CSIQ) gained 8.3% to $17.89.
- Infosys Limited (NYSE:INFY) rose 7.4% to $22.07 as the company reported first-quarter revenue growth of 2.5% in constant currency terms year-on-year to $4.71 billion, beating the analyst consensus estimate of $4.65 billion.
- Ostin Technology Group Co Ltd (NASDAQ:OST) shares climbed 7.1% to $0.2944.
- Toll Brothers, Inc. (NYSE:TOL) gained 6% to $135.83 in sympathy with D.R. Horton, which reported better-than-expected third-quarter financial results.
Losers
- Agenus Inc. (NASDAQ:AGEN) shares fell 52.7% to $8.36 after the company announced the FDA discouraged an accelerated approval pathway at the end-of-Phase 2 meeting.
- Leslie’s, Inc. (NASDAQ:LESL) fell 30.7% to $2.83 after the company reported preliminary financial results for the third quarter and cut its full-year guidance. Multiple analysts also lowered price targets on the stock Thursday morning.
- Alaunos Therapeutics, Inc. (NASDAQ:TCRT) fell 26% to $4.57. Alaunos Therapeutics announced a reverse stock split of 1-for-10, effective July 18.
- Aptevo Therapeutics Inc. (NASDAQ:APVO) shares fell 23% to $0.4471 after jumping 76% on Wednesday. On July 1, Aptevo Therapeutics announced the closing of $2.75 million offering.
- Aditxt, Inc. (NASDAQ:ADTX) shares fell 19.7% to $1.86. Aditxt shares climbed around 46% on Wednesday after the company and Evofem amended and restated their merger agreement.
- Locafy Limited (NASDAQ:LCFY) fell 19% to $5.33.
- SunPower Corporation (NASDAQ:SPWR) fell 17.2% to $2.0850.
- Torrid Holdings Inc. (NYSE:CURV) fell 16.7% to $7.16 after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and maintained its $5 price target.
- Longeveron Inc. (NASDAQ:LGVN) declined 16.6% to $3.25. Longeveron announced a $9.0 million registered direct offering priced at-the-market under Nasdaq rules.
- Forestar Group Inc. (NYSE:FOR) fell 13.9% to $30.99 after the company reported worse-than-expected third-quarter EPS and revenues.
- Stardust Power Inc. (NASDAQ:SDST) shares declined 13.3% to $21.22 after jumping around 145% on Wednesday.
- Cetus Capital Acquisition Corp. (NASDAQ:CETU) shares declined 13.2% to $8.60 after surging 80% on Wednesday.
- Meiwu Technology Company Limited (NASDAQ:WNW) fell 13.2% to $1.11 after jumping more than 40% on Wednesday.
- Fitell Corporation (NASDAQ:FTEL) fell 12% to $23.55.
- American Rebel Holdings, Inc. (NASDAQ:AREB) shares fell 12% to $0.80 after jumping around 32% on Wednesday.
- Beyond Meat, Inc. (NASDAQ:BYND) shares fell 9.4% to $6.49 following a report suggesting the company’s liquidity has weakened and it is engaging bondholders for debt discussions.
- 4D Molecular Therapeutics, Inc. (NASDAQ:FDMT) declined 8.1% to $16.73. The company announced the presentation of Phase 2 PRISM interim data.
- Texas Capital Bancshares, Inc. (NASDAQ:TCBI) fell 6.2% to $66.17 following downbeat quarterly results.
- Nokia Oyj (NYSE:NOK) fell 5.9% to $3.66 after the company reported mixed quarterly financial results.
- Alaska Air Group, Inc. (NYSE:ALK) declined 5.4% to $37.85 as the company reported second-quarter 2024 total operating revenue growth of 2% year-over-year to $2.897 billion, missing the consensus of $2.945 billion.
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