Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Author: Avi Kapoor | July 19, 2024 01:24pm

Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results.

Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro.

Selective Insurance Group shares dipped 14.8% to $85.40 on Friday.

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

Gainers

• Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure.
• 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP) climbed 85.7% to $0.4566 after the company signed clinical trial agreements with three planned trial sites for the Tafenoquine Babesiosis study.
• Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares gained 70% to $2.36. Maxim Group analyst Naz Rahman upgraded Virpax Pharmaceuticals from Hold to Buy and announced a price target of $3.
• Serve Robotics Inc. (NASDAQ:SERV) gained 51.3% to $3.98 after gaining over 12% on Thursday.
• Hawaiian Electric Industries, Inc. (NYSE:HE) shares rose 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.
• Autonomix Medical, Inc. (NASDAQ:AMIX) gained 34% to $1.83.
• Permianville Royalty Trust (NYSE:PVL) rose 22.7% to $1.4601. Permianville Royalty Trust announced a cash distribution to the holders of its units of beneficial interest of $0.011000 per unit, payable on Aug. 14, 2024 to unitholders of record on July 31, 2024.
• Power REIT (NYSE:PW) surged 15.4% to $0.9808.
• NaaS Technology Inc. (NASDAQ:NAAS) shares gained 14.1% to $9.23 after jumping 53% on Thursday.
• Antelope Enterprise Holdings Limited (NASDAQ:AEHL) climbed 13.6% to $4.1001.
• Golden Sun Health Technology Group Limited (NASDAQ:GSUN) gained 13.6% to $7.75.
• MoneyLion Inc. (NYSE:ML) gained 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.
• HIVE Digital Technologies Ltd. (NASDAQ:HIVE) gained 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.
• Intuitive Surgical, Inc. (NASDAQ:ISRG) rose 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.
• Torrid Holdings Inc. (NASDAQ:CURV) gained 7.7% to $8.00.
• Western Alliance Bancorporation (NYSE:WAL) rose 7.2% to $76.16 following upbeat quarterly results.
• Kuke Music Holding Limited (NASDAQ:KUKE) gained 6.7% to $1.28.

Losers

• SunPower Corporation (NASDAQ:SPWR) shares dipped 45.8% to $0.82. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.
• Hyzon Motors Inc. (NASDAQ:HYZN) shares fell 42% to $0.1648 after the company reported pricing of $4.5 million registered direct offering.
• Nauticus Robotics, Inc. (NASDAQ:KITT) fell 30.5% to $0.0896 after the company announced a 1-for-36 reverse stock split.
• Silo Pharma, Inc. (NASDAQ:SILO) declined 26% to $2.57 as the company announced a $2.1 million registered direct offering priced at-the-market under Nasdaq rules.
• Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) shares dipped 23.1% to $1.86 after jumping 59% on Thursday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.
• TRxADE HEALTH, Inc. (NASDAQ:MEDS) fell 19.6% to $16.80.
• Onconetix, Inc. (NASDAQ:ONCO) fell 18.1% to $0.1787 after gaining over 46% on Thursday.
• Crown LNG Holdings Limited (NASDAQ:CGBS) dipped 16.7% to $1.4995.
• Plug Power Inc. (NASDAQ:PLUG) shares fell 16% to $2.4550 after the company announced the commencement of a $200 million public offering of its common stock.
• Selina Hospitality PLC (NASDAQ:SLNA) dipped 15.7% to $0.0477.
• Scholastic Corporation (NASDAQ:SCHL) fell 15.4% to $30.94 following weaker-than-expected fourth-quarter results.
• Plug Power Inc. (NASDAQ:PLUG) shares declined 15.4% to $2.47 after the company announced the commencement of a $200 million public offering of its common stock.
• Corsair Gaming, Inc. (NASDAQ:CRSR) dipped 14.3% to $8.32 after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.
• American Rebel Holdings, Inc. (NASDAQ:AREB) fell 13.9% to $0.6298.
• QXO, Inc. (NASDAQ:QXO) fell 13.6% to $58.00.
• Comerica Incorporated (NYSE:CMA) dipped 13.4% to $48.81 following second-quarter results.
• Wipro Limited (NYSE:WIT) fell 11.4% to $6.11 following first-quarter results.
• AAR Corp. (NYSE:AIR) dipped 10.6% to $65.51 following weak quarterly sales.
• CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 10.1% to $308.48 after the company suffered major outage impacting businesses around the world.
• Joby Aviation, Inc. (NYSE:JOBY) dipped 8.3% to $6.39.
• Autoliv, Inc. (NYSE:ALV) fell 8.1% to $99.82 following downbeat quarterly results.
• The Travelers Companies, Inc. (NYSE:TRV) declined 5.6% to $208.32 following weak quarterly sales.
• Intel Corporation (NASDAQ:INTC) fell 5.5% to $32.90.
• Visteon Corporation (NASDAQ:VC) dipped 5% to $107.85.

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