Shares of Jabil Inc. JBL plummeted during Friday’s session, reacting sharply to the unveiling of the company’s financial second-quarter results. Disappointing figures and a FY25 outlook below projections prompted a 14.2% drop to $126.56.
Jabil defied expectations with adjusted earnings of $1.68 per share, while its quarterly sales of $6.77 billion missed the mark at $6.89 billion. The market’s response was swift and severe, reflecting the delicate dance between projection and performance in the financial world.
The intense focus on Jabil’s performance eclipsed other stocks that were also making moves in the mid-day session.
Risers
- Verb Technology Company, Inc. VERB shares soared 189% to $0.4047, propelled by the launch of MARKET.live’s Facebook and Instagram social shopping technology integration.
- Better Therapeutics, Inc. BTTX surged 108% to $0.0728 as the company eyes strategic alternatives and a Nasdaq delisting.
- Jet.AI Inc. JTAI saw a 76.7% climb to $1.1950.
- Cardlytics, Inc. CDLX rose 57.1% to $12.86 on the heels of better-than-expected fourth-quarter earnings.
Fallers
- C3is Inc. CISS felt the weight of a 62.5% drop to $0.0296 after a $6 million underwritten public offering announcement.
- SELLAS Life Sciences Group, Inc. SLS stumbled 34.8% to $1.01 following a $20 million registered direct offering and a concurrent private placement.
- Immuneering Corporation IMRX dipped 27% to $2.1150 as analysts downgraded the stock in the wake of the Phase 1 data from its clinical trial.
- Lucy Scientific Discovery Inc.
Market Meltdown: A Day of Tumult in Stock Prices
Stock Prices Plunge Across the Board
- LSDI saw a steep decline of 25.6% to $1.25.
- Xcel Brands, Inc. (XELB) dipped 22.1% to $0.7630 following a public offering announcement.
- Altus Power, Inc. (AMPS) declined 19.7% to $4.7650 after disappointing quarterly results.
- Presto Automation Inc. (PRST) fell 19.1% to $0.2438 despite recent gains.
- Babcock & Wilcox Enterprises, Inc. (BW) reported a 19.1% drop to $1.0350 post quarterly financial results.
- Biofrontera Inc. (BFRI) witnessed an 18.3% decline to $1.43.
- Groupon, Inc. (GRPN) fell 17.8% to $14.91 after releasing its fourth-quarter financial results.
- EverCommerce Inc. (EVCM) saw a 17.3% decrease to $7.74 following weak quarterly results.
- Psyence Biomedical Ltd. (PBM) experienced a 14.3% decline to $1.3627 after a recent surge.
- Adobe Inc. (ADBE) dipped 13.3% to $494.25 post positive first-quarter results but weak guidance.
- Blink Charging Co. (BLNK) shares fell by 11.8% to $3.0250 following fourth-quarter financial news.
- Montauk Renewables, Inc. (MNTK) tumbled 10.8% to $4.54 after disappointing quarterly results.
- Kopin Corporation (KOPN) fell 10.3% to $1.9650 following fourth-quarter results below expectations.
- AdTheorent Holding Company, Inc. (ADTH) witnessed a 10% dip to $3.35.
- PagerDuty, Inc. (PD) shares fell by 9.7% to $20.70 after releasing fourth-quarter results along with weak guidance.
- Soho House & Co Inc. (SHCO) declined 9.7% to $5.19 following downbeat fourth-quarter financial results.
- Zillow Group, Inc. (Z) saw an 8.3% decrease to $50.55.
- Ulta Beauty, Inc. (ULTA) shares tumbled 6.5% to $528.96 post fourth-quarter results and weak FY24 guidance. A share repurchase authorization of $2.0 billion was approved by the company’s board of directors.
- Sanmina Corporation (SANM) dipped 5.8% to $59.45.
- Smartsheet Inc. (SMAR) fell 4.3% to $38.57 following fourth-quarter financial results and disappointing FY25 guidance.
- MicroStrategy Incorporated (MSTR) saw a 3% drop to $1,627.26 after announcing the proposed private offering of convertible senior notes.
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