Most Popular

Marvell Technology: A Dive into the Market Movements Marvell Technology: A Dive into the Market Movements

Shares of Marvell Technology, Inc. MRVL fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance.

Marvell said fourth-quarter revenue increased 1% year-over-year to $1.427 billion, which beat the consensus estimate of $1.42 billion. The chip designer reported quarterly earnings of 46 cents per share, which was in line with analyst estimates.

Marvell sees first-quarter revenue of $1.15 billion, plus or minus 5%, versus estimates of $1.371 billion. The company sees first-quarter adjusted earnings of 23 cents per share, plus or minus 5 cents per share, versus estimates of 40 cents per share. The company authorized a $3 billion buyback.

Marvell Technology shares dipped 9.6% to $76.91 on Friday.

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

Gainers

Ainos, Inc. AIMD jumped 140% to $2.6899 after dipping 18% on Thursday.

Psyence Biomedical Ltd. PBM shares climbed 139% to $3.0350. Psyence Biomedical recently announced its subsidiary, Psyence Australia, received Human Research Ethics Committee approval to initiate its Phase IIb study.

Safe and Green Development Corporation SGD shares jumped 138% to $1.57 after the company announced financing for the Norman Berry Expansion in Atlanta, Georgia.

MIRA Pharmaceuticals, Inc. MIRA shares climbed 48.5% to $1.36. MIRA Pharmaceuticals, last month, announced a research collaboration with Pharmaseed to research and evaluate Ketamir for patients with major depressive disorder and post-traumatic stress disorder.

CERo Therapeutics Holdings, Inc. CERO shares climbed 35.4% to $4.17 after surging over 20% on Thursday. CERo Therapeutics recently announced the publication of preclinical research analyzing CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients.

Willdan Group, Inc. WLDN gained 30.4% to $25.89 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates. Also, the company secured a contract worth approximately $30 million to $50 million over three years.

The Joint Corp. JYNT gained 29% to $11.80 following fourth-quarter results.

Smith & Wesson Brands, Inc. SWBI jumped 25.8% to $16.91 after the company reported better-than-expected third-quarter financial results.

Research Frontiers Incorporated REFR climbed 25.6% to $1.42 following fourth-quarter results.

Gulf Island Fabrication, Inc. GIFI shares gained 24.1% to $6.43 after the company reported a year-over-year increase in fourth-quarter revenue results.

Grifols, S.A. GRFS gained 22.7% to $6.89 after the company announced it published its consolidated annual accounts for 2023.

DoubleDown Interactive Co., Ltd. DDI gained 21.6% to $14.25.

Dogness (International) Corporation DOGZ gained 18.6% to $7.98.

Kidpik Corp. PIK gained 18.3% to $3.0177.

America’s Car-Mart, Inc. CRMT jumped 16.5% to $72.56 following third-quarter results.

Porch Group, Inc. PRCH rose 16.1% to $3.6099 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.

Samsara Inc. IOT gained 14.3% to $39.28 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.

Viracta Therapeutics, Inc. VIRX shares gained 13.5% to $0.9200 following fourth-quarter results.

Aeva Technologies, Inc. AEVA rose 12.6% to $1.34.

Adaptimmune Therapeutics plc ADAP gained 12.1% to $1.95. Adaptimmune Therapeutics recently reported better-than-expected quarterly EPS results.

HCI Group, Inc. HCI gained 11.3% to $110.42 after the company reported better-than-expected






Market Movers: A Rollercoaster on Wall Street

Market Movers: A Rollercoaster on Wall Street

Winners

NuScale Power Corporation (NYSE: SMR) soared 10.5% to $4.9289, reminiscent of a rocket launching into the financial stratosphere.

Redfin Corporation (NASDAQ: RDFN) climbed 9.6% to $7.10, akin to a swift and steady ascent up the stock market mountain.

See also  Exploring Recent Options Activity of American Intl Gr Exploring Recent Options Activity of American Intl Gr

reAlpha Tech Corp. (NASDAQ: AIRE) rose 8.8% to $1.3599 after announcing new executive appointments, showcasing a promising narrative shift for the company.

Carnival Corporation (NYSE: CCL) gained 5% to $16.44, akin to a sturdy ship navigating the choppy waters of market volatility.

Losers

Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) plummeted 80.7% to $3.6596 after disappointing trial results, painting a gloomy picture for investors.

BigBear.ai Holdings, Inc. (NYSE: BBAI) dropped 30.8% to $2.6006 due to lackluster financial performance, casting a shadow over the company’s outlook.

Next.e.GO N.V. (NASDAQ: EGOX) tumbled 28.6% to $0.0819, resembling a steep descent down the market rollercoaster.

Critical Metals Corp. (NASDAQ: CRML) fell 27.7% to $7.95, facing the harsh reality of a market correction.

Swvl Holdings Corp. (NASDAQ: SWVL) declined 26.3% to $5.45, experiencing a turbulent ride amid market uncertainty.

Immuron Limited (NASDAQ: IMRN) saw a 24.7% dip to $3.4250 after a sudden surge, highlighting the unpredictable nature of the market.

AerSale Corporation (NASDAQ: ASLE) fell 24.4% to $7.11 following disappointing financial results, signaling rough seas for the company.

CarParts.com, Inc. (NASDAQ: PRTS) experienced a 24.3% decline to $1.8999 after revealing fourth-quarter results, indicating a bump in the road for the company.

Mobix Labs, Inc. (NASDAQ: MOBX) dropped 20.1% to $1.39, facing headwinds in the competitive market landscape.

Nxu, Inc. (NASDAQ: NXU) fell 19% to $0.8001 after a significant surge, displaying the erratic behavior of market trading.

Brera Holdings PLC (NASDAQ: BREA) saw shares fall 16.9% to $1.62 after a drastic jump, signaling a turbulent journey for investors.

Custom Truck One Source, Inc. (NYSE: CTOS) dipped 15.3% to $5.26 following a mixed earnings report, marking a challenging period for the company.

Nexalin Technology, Inc. (NASDAQ: NXL) experienced a 15.1% decline to $0.4627 after releasing study results, navigating through obstacles in the market.

Runway Growth Finance Corp. (NASDAQ: RWAY) fell 13.5% to $11.68 after disappointing quarter results, encountering a speed bump in its growth trajectory.

Domo, Inc. (NASDAQ: DOMO) declined 12.7% to $9.92 following cautious guidance, facing challenges ahead in the market landscape.

MediaAlpha, Inc. (NYSE: MAX) dropped 12.4% to $19.05 after an offering announcement, adjusting to the changing tides of investor sentiment.

Genesco Inc. (NYSE: GCO) fell 11.7% to $25.84 after a disappointing financial report, navigating through a tough quarter.

Delek Logistics Partners, LP (NYSE: DKL) dropped 11.3% to $39.51 after a public offering, facing turbulence in the market following the fundraising move.

Grom Social Enterprises, Inc. (NASDAQ: GROM) fell 11% to $1.13 after an acquisition announcement, adjusting to new strategies in a fluctuating market.

Traeger, Inc. (NYSE: COOK) declined 10.5% to $2.11 post-earnings, grappling with market expectations as it navigates its growth trajectory.

Aquestive Therapeutics, Inc. (NASDAQ: AQST) dipped 10% to $5.11 after quarterly results, facing challenges in the dynamic pharmaceutical landscape.

Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) shares fell 9.6% to $15.10 due to profit decline, weathering the storm of market fluctuations.

Costco Wholesale Corporation (NASDAQ: COST) declined 7.5% to $727.08 after mixed results, adapting to changing consumer trends and investor sentiment.

MongoDB, Inc. (NASDAQ: MDB) dropped 6.4% to $385.82 post-guidance, recalibrating its growth trajectory amidst market expectations.

Icahn Enterprises L.P. (NASDAQ: IEP) fell 4.7% to $17.85 amid market volatility, demonstrating the ebbs and flows of investor confidence.

RadNet, Inc. (NASDAQ: RDNT) dipped 4.1% to $46.54 after a public offering, navigating the changing currents of investor sentiment.