Why General Dynamics Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Author: Avi Kapoor | July 24, 2024 01:26pm
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results.
Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro.
General Dynamics shares declined 5.2% to $279.26 on Wednesday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01.
- Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday.
- Selina Hospitality PLC (NASDAQ:SLNA) surged 134% to $0.0609.
- Bone Biologics Corporation (NASDAQ:BBLG) gained 86% to $2.3300.
- Carbon Revolution Public Limited Company (NASDAQ:CREV) gained 74.5% to $10.82.
- Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) jumped 73.4% to $13.77 after the company announced that the company entered into a definitive merger agreement with Palvella Therapeutics.
- Sangamo Therapeutics, Inc. (NASDAQ:SGMO) gained 50% to $0.60 after licensing partner Pfizer’s Phase 3 AFFINE trial evaluating giroctocogene fitelparvovec met its primary endpoint.
- Alpha Teknova, Inc. (NASDAQ:TKNO) gained 28% to $3.2212.
- KORE Group Holdings, Inc. (NASDAQ:KORE) gained 21.8% to $2.84.
- NaaS Technology Inc. (NASDAQ:NAAS) rose 20.5% to $6.87 after reporting unaudited 2024 second quarter and first half financial results.
- PROG Holdings, Inc. (NYSE:PRG) climbed 20.4% to $41.71 after the company reported better-than-expected second-quarter financial results. Also, the company raised its FY24 guidance above estimates.
- QXO, Inc. (NASDAQ:QXO) gained 19.4% to $94.69. The company on Monday announced a private placement financing.
- Silynxcom Ltd. (NYSE:SYNX) rose 18.4% to $3.71. Silynxcom received $815,000 in orders from Israel Defense Forces since July 2024.
- NewGenIvf Group Limited (NASDAQ:NIVF) shares gained 16.4% to $1.0009 after the company announced steady progress in its due diligence efforts in its proposed reverse merger with COVIRIX Medical and anticipates completion by the end of August 2024.
- Flex Ltd. (NASDAQ:FLEX) gained 10.9% to $32.96 after the company reported better-than-expected second-quarter financial results.
- Manhattan Associates, Inc. (NASDAQ:MANH) climbed 10.5% to $249.78 after the company reported better-than-expected second-quarter financial results.
- Group 1 Automotive, Inc. (NYSE:GPI) gained 9.6% to $333.95 after the company reported better-than-expected second-quarter adjusted EPS results.
- Enphase Energy, Inc. (NASDAQ:ENPH) rose 9.2% to $113.18 after the company reported second-quarter financial results.
- Allarity Therapeutics, Inc. (NASDAQ:ALLR) gained 8.7% to $0.1809. Allarity Therapeutics revealed on Monday it received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC).
- Mattel, Inc. (NASDAQ:MAT) gained 7.9% to $18.61 after the company reported better-than-expected second-quarter adjusted EPS results.
- Seagate Technology Holdings plc (NASDAQ:STX) shares surged 7.5% to $113.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.
- Alkermes plc (NASDAQ:ALKS) gained 7% to $26.69 after the company reported better-than-expected second-quarter financial results.
- Tenet Healthcare Corporation (NYSE:THC) gained 6.8% to $148.17 after the company reported better-than-expected second-quarter financial results and the company and raised its FY24 guidance above estimates. Also, the company announced it authorized a $1.5 billion share buyback.
- AT&T Inc. (NYSE:T) gained 3.1% to $18.78 following second-quarter earnings.
Losers
- Azitra, Inc. (NYSE:AZTR) shares dipped 74.4% to $1.27. Azitra announced the pricing of $10.0 million public offering.
- Next Technology Holding Inc. (NASDAQ:NXTT) fell 58% to $2.42.
- Bausch Health Companies Inc. (NYSE:BHC) dipped 43.8% to $4.25.
- Nuwellis, Inc. (NASDAQ:NUWE) fell 37.2% to $2.6199 after the company announced the pricing of a $2 million public offering of 469,340 common shares at $4.24 a share.
- Agape ATP Corporation (NASDAQ:ATPC) dipped 34.2% to $0.1414.
- Lamb Weston Holdings, Inc. (NYSE:LW) declined 26.9% to $57.46 after the company reported worse-than-expected quarterly financial results. Also, the company issued its FY25 EPS guidance below estimates.
- Conn’s, Inc. (NASDAQ:CONN) shares fell 26.7% to $0.3717 as the company announced plans to close 71 locations across 13 states.
- Vintage Wine Estates, Inc. (NASDAQ:VWE) fell 24.5% to $0.0868 after the company announced bankruptcy filing and voluntary delisting and SEC deregistration.
- Snow Lake Resources Ltd. (NASDAQ:LITM) declined 24.2% to $0.7350 after the company issued an update on Black Lake Uranium Project.
- AtlasClear Holdings, Inc. (NASDAQ:ATCH) shares declined 23.8% to $0.4228 after gaining 11% on Tuesday.
- Verastem, Inc. (NASDAQ:VSTM) shares fell 22.7% to $2.7750 after the company reported pricing of $55.0 million public offering of common stock, warrants and pre-funded warrants.
- Sage Therapeutics, Inc. (NASDAQ:SAGE) dipped 17.8% to $10.75 after the Phase 2 KINETIC 2 study of SAGE-324 did not demonstrate a statistically significant dose-response relationship on the primary endpoint.
- Hawaiian Holdings, Inc. (NASDAQ:HA) dipped 13% to $11.33.
- SFL Corporation Ltd. (NYSE:SFL) shares fell 12.3% to $12.23 after the company announced an offering of 8 million common shares.
- Tesla, Inc. (NASDAQ:TSLA) shares fell 12% to $216.78. Tesla reported weaker-than-expected earnings for its second quarter, while sales topped estimates. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively.
- Karooooo Ltd. (NASDAQ:KARO) dipped 11.3% to $31.90 as the company announced the launch of secondary public offering of ordinary shares.
- Bausch + Lomb Corporation (NYSE:BLCO) fell 10.2% to $15.29.
- Kanzhun Limited (NASDAQ:BZ) dipped 9.5% to $14.41.
- Chijet Motor Company, Inc. (NASDAQ:CJET) fell 9.3% to $4.61 after jumping 55% on Tuesday.
- Allegro MicroSystems, Inc. (NASDAQ:ALGM) dipped 9.1% to $25.14 after the company announced a primary offering of 25 million shares.
- Geron Corporation (NASDAQ:GERN) shares declined 8.8% to $4.2150 after the company announced the departure of CCO Anil Kapur.
- The Trade Desk, Inc. (NASDAQ:TTD) fell 8.4% to $92.45.
- Roku, Inc. (NASDAQ:ROKU) fell 8.2% to $56.97.
- Deutsche Bank Aktiengesellschaft (NYSE:DB) shares fell 8% to $15.69 following second-quarter earnings.
- NANO Nuclear Energy Inc. (NASDAQ:NNE) declined 8% to $14.25.
- Weatherford International plc (NASDAQ:WFRD) dipped 7.6% to $123.57 after the company reported worse-than-expected second-quarter financial results.
- Roper Technologies, Inc. (NYSE:ROP) fell 7.4% to $532.08 after the company reported worse-than-expected second-quarter sales results and issued third-quarter adjusted EPS guidance below estimates.
- Volato Group, Inc. (NYSE:SOAR) shares fell 7.1% to $0.5479 after gaining around 23% on Tuesday.
- Fortive Corporation (NYSE:FTV) fell 6.9% to $71.36 after the company reported worse-than-expected second-quarter sales results and issued FY24 sales guidance below estimates.
- Ulta Beauty, Inc. (NASDAQ:ULTA) fell 5.5% to $367.84 after Piper Sandler downgraded the stock from an Overweight to Neutral and lowered its price target from $494 to $404.
- Alphabet Inc. (NASDAQ:GOOGL) shares declined 4.1% to $174.29. Alphabet reported upbeat earnings and sales results for its second quarter on Tuesday. The company also announced a cash dividend of 20 cents per share to be paid on Sept.16 to shareholders of record as of Sept. 9.
- Visa Inc. (NYSE:V) shares fell 3.8% to $254.72 following third-quarter results.
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