Shares of Zscaler, Inc. ZS dropped significantly in Friday’s session after announcing second-quarter results.
Zscaler exceeded earnings and sales expectations for the second quarter on Thursday. The company’s projections for non-GAAP income from operations and net income per share for fiscal year 2024 indicate promising prospects.
Zscaler shares witnessed a 10.1% decline, trading at $217.43 on Friday.
Here are some other stocks experiencing notable movement in today’s mid-day session.
Winners
- BioVie Inc. BIVI soared 96.1% to $2.4319. BioVie’s Ne3107 showed potential benefits for patients with Parkinson’s disease and Alzheimer’s, hinting at revolutionary effects on physiological processes.
- Adial Pharmaceuticals, Inc. ADIL surged 68.4% to $3.4350. Adial Pharmaceuticals secured a new patent covering AD04’s potential in treating opioid use disorder.
- Cardiff Oncology, Inc. CRDF witnessed a 41.5% uptick, trading at $2.50. The company’s strong fourth-quarter financial report, along with updates on clinical trials, propelled the stock upward.
- Minim, Inc. MINM climbed 41.4% to $6.09. On Feb. 20, Minim appointed David Lazar as CEO, CFO, in the wake of Jeremy Hitchcock’s resignation.
- The RealReal, Inc. REAL rose 39.1% to $2.4613 post positive quarterly results.
- Nxu, Inc. NXU saw a 36.4% increase, reaching $1.09, after successfully charging a Tesla Cybertruck on Feb. 26.
- Jaguar Health, Inc. JAGX jumped 35.3% to $0.0798.
- Dell Technologies Inc. DELL surged 26.3% to $119.52 post a standout fourth-quarter financial report and a 20% boost in annual cash dividend.
- Sweetgreen, Inc. SG soared 26% to $16.05 following excellent fourth-quarter financial results.
Market Rollercoaster: Winners and Losers
Embracing the Heights
- The Cooper Companies, Inc. COO ascended graciously by 7.4% to $100.61 following the unveiling of its first-quarter financial prowess that exceeded all expectations, leading the company to soar past its own guidance projections, painting a vibrant picture of success that investors applauded.
Turbulence and Tumult in the Trenches
- GigCapital5, Inc. GIA collided with stormy seas, sinking by an alarming 60.7% to $4.35 as the company disclosed its planned merger with QT Imaging, setting a date that left investors looking for a lifesaver in the choppy waters of uncertainty.
- Fisker Inc. FSR endured a dramatic 44.6% plummet to $0.4035 after revealing underwhelming fourth-quarter revenue figures that failed to meet expectations, shrouding the company in a fog of doubt about its future viability, casting a shadow over its ability to navigate the competitive landscape.
- Precision BioSciences, Inc. DTIL stumbled 31.7% to $12.62 post-announcement of a $40 million common stock and warrants offering, causing investors to pause and reassess the company’s strategic direction amidst the rocky terrain of the market.