HighPeak Energy, Inc. (HPK) shares plummeted substantially today due to disappointing fourth-quarter revenue results.
While the company’s GAAP earnings slightly exceeded market estimates, quarterly sales fell short of expectations, leading to a 15.3% drop in HighPeak Energy’s stock price to $13.49.
Let’s take a closer look at some other notable stocks that are on the move during today’s mid-day trading session.
Top Gainers
- Lytus Technologies Holdings PTV. Ltd. (LYT) witnessed a staggering 404% surge to $11.65 following the announcement of Lytus Cloud’s launch.
- CERo Therapeutics Holdings, Inc. (CERO) gained 167% to $6.81 after unveiling a significant paper on therapeutic targeting in cancer research.
- Brera Holdings PLC (BREA) rose 97.5% to $2.0150 subsequent to its Executive Chairman, Daniel McClory, acquiring a majority stake in the company.
- Grom Social Enterprises, Inc. (GROM) climbed 88.3% to $1.45 after announcing a strategic agreement to acquire Arctic7.
- Creative Medical Technology Holdings, Inc. (CELZ) saw a 43% uptick to $6.83 following FDA authorization for a groundbreaking diabetes prevention therapy.
- Mind Medicine (MindMed) Inc. (MNMD) gained 40.5% to $8.35 after receiving FDA Breakthrough Therapy Designation for its MM120 program in anxiety disorder.
- ImmunoPrecise Antibodies Ltd. (IPA) soared 34.2% to $2.1601 after announcing AI model development.
- Beneficient (BENF) witnessed a 28.7% rise to $0.1287 following a significant financing agreement for funds managed by ff Venture Capital.
- MoneyLion Inc. (ML) gained 28.3% to $67.43 on the back of robust quarterly sales performance.
- CompoSecure, Inc. (CMPO) surged 27.5% to $5.99 after reporting impressive fourth-quarter financial results.
- NexImmune, Inc. (NEXI) climbed 26% to $8.23.
- Rush Street Interactive, Inc. (RSI) experienced a 25.6% increase to $6.77 post reporting better-than-expected financial results and strong 2024 revenue guidance.
- OneSpan Inc. (OSPN) rose 24.9% to $11.97 following a positive fourth-quarter financial report.
- AirNet Technology Inc. (ANTE) saw a 24.7% rise to $1.51.
- Corbus Pharmaceuticals Holdings, Inc. (CRBP) climbed 23.2% to $41.35.
- Ocean Biomedical, Inc. (OCEA) gained 22.7% to $4.96.
- Enhabit, Inc. (EHAB) rose 21.9% to $9.58 post strong quarterly results.
- Rentokil Initial plc (RTO) saw a 19.2% increase to $32.94 after reporting better-than-expected FY23 financial results.
- Wave Life Sciences Ltd. (WVE) climbed 18.8% to $7.47 with an analyst raising the price target.
- The Honest Company, Inc. (HNST) rose 18.5% to $3.7301 following positive fourth-quarter financial results.
- Dave Inc. (DAVE) gained 18.2% to $37.38.
- The Chemours Company (CC) saw a 16.5% increase to $25.67.
- Arhaus, Inc. (ARHS) climbed 15.2% to $14.77 post-upbeat quarterly results.
- AudioEye, Inc. (AEYE) shares rose 13.8% to $7.89 after a mixed earnings release.
- Kronos Worldwide, Inc. (KRO) jumped 13.5% to $9.82 after posting strong quarterly results.
- Avangrid, Inc. (AGR) gained 12.7% to $36.15 following an announcement from the Unaffiliated Committee of its Board.
Gainers
- Iberdrola’s Proposal: Board of Directors received a non-binding proposal from Iberdrola to acquire all common shares at $34.25 per share.
- E2open’s Surge: E2open Parent Holdings, Inc. (ETWO) gained 10.5% to $4.4750 after initiating a strategic review.
- Avinger’s Rise: Avinger, Inc. (AVGR) shares jumped 8.8% to $4.0252 following a strategic partnership and an equity funding agreement to access the Greater China market.
- Kroger’s Leap: The Kroger Co. (KR) surged 6.9% to $53.99 post-reporting fourth-quarter EPS above estimates.
- Yext’s Success: Yext, Inc. (YEXT) witnessed its shares rise by 6.1% to hit $6.32 following better-than-expected fourth-quarter financial results.
Losers
- Solowin Holdings’ Plunge: Solowin Holdings (SWIN) tumbled 31.6% to $32.12 after a 135% surge on Wednesday.
- MingZhu Logistics’ Decline: MingZhu Logistics Holdings Limited (YGMZ) dipped 30.7% to $0.5266.
- Victoria’s Secret & Co.’s Fall: Victoria’s Secret & Co. (VSCO) witnessed a 30.1% drop to $17.90 after its fourth-quarter results.
- Methode Electronics’ Slump: Methode Electronics, Inc. (MEI) fell 28.7% to $15.00 following weak quarterly results.
- Nature Wood Group’s Decline: Nature Wood Group Limited (NWGL) fell by 27.1% to reach $13.60.
- Aptorum Group’s Downturn: Aptorum Group Limited (APM) shares plummeted by 27.1% to $6.92 post a massive jump of 468% on Wednesday due to company announcements and agreements.
- Avid Bioservices’ Fall: Avid Bioservices, Inc. (CDMO) shares dropped by 25.9% to $6.51 after reporting certain preliminary third-quarter financial results and a proposed private placement of convertible notes worth $160 million.
- Airship AI Holdings’ Slide: Airship AI Holdings, Inc. (AISP) witnessed a 25.1% decrease to $5.18 after filing an amended S-1 registration statement.
- CNFinance Holdings’ Dip: CNFinance Holdings Limited (CNF) fell 24.6% to $1.7559.
- Emergent BioSolutions’ Retreat: Emergent BioSolutions Inc. (EBS) saw a 21.5% drop to $2.56 following weak quarterly results.
- Enviva’s Plunge: Enviva Inc. (EVA) witnessed a 15.6% drop to $0.7950 after surging over 27% on Wednesday.
- Viking Therapeutics’ Decrease: Viking Therapeutics, Inc. (VKTX) fell 15% to $77.40. Jefferies analyst Roger Song initiated coverage on the company with a Buy rating and announced a price target of $110.
- Hudson Technologies’ Plummet: Hudson Technologies, Inc. (HDSN) fell by 15% to $12.08 following the release of fourth-quarter results.
- Ciena’s Decline: Ciena Corporation (CIEN) dipped 13.8% to $53.40 after reporting a decline in first-quarter revenue.
- TriplePoint Venture Growth’s Slump: TriplePoint Venture Growth BDC Corp. (TPVG) declined 13% to $9.46 after reporting worse-than-expected fourth-quarter financial results.
- Stevanato Group’s Drop: Stevanato Group S.p.A. (STVN) fell 10.3% to $29.70 following fourth-quarter results.
- ADT Inc.’s Slide: ADT Inc. (ADT) shares fell 8.9% to $6.81 as the company reported pricing of a secondary public offering of common stock and a concurrent share repurchase.
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