Why Steelcase Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Author: Avi Kapoor | December 20, 2023 02:16pm
Steelcase Inc. (NYSE:SCS) shares moved higher during Wednesday's session following quarterly results.
Steelcase posted upbeat earnings for its third quarter, while sales missed estimates. The company said it sees fourth-quarter adjusted earnings of 19 cents to 23 cents per share on revenue of $765 million to $790 million.
Steelcase shares gained 12.7% to $14.31 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
Losers
- Jin Medical International Ltd. (NASDAQ:ZJYL) shares fell 46.4% to $61.00 after gaining around 12% on Tuesday. Last Thursday, before the market open, the company announced that it had signed a preliminary Memorandum of Understanding (MOU) with Jiangsu Zhongjin Kanglu Information Technology Co., Ltd.
- Vast Renewables Limited (NASDAQ:VSTE) fell 44.4% to $6.66 after dipping 14% on Tuesday.
- bluebird bio, Inc. (NASDAQ:BLUE) shares dipped 44.2% to $1.3550 after the company announced pricing of a $125 million public offering of common stock.
- Harbor Custom Development, Inc. (NASDAQ:HCDI) fell 31% to $0.2199. Harbor Custom Development recently announced Chapter 11 bankruptcy protection filing.
- KULR Technology Group, Inc. (NASDAQ:KULR) shares fell 29.1% to $0.2099 after the company reported pricing of $900,000 public offering of common stock.
- Esports Entertainment Group, Inc. (NASDAQ:GMBL) fell 28.4% to $0.0146.
- AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) dipped 26.2% to $0.4274. Agriforce Growing Systems filed for offering of up to 8.72 million shares of common stock by the selling stockholders.
- argenx SE (NASDAQ:ARGX) shares fell 24.3% to $342.54 after the company disclosed topline results from the ADDRESS study evaluating efgartigimod subcutaneous in adults with pemphigus vulgaris and pemphigus foliaceus.
- Nogin, Inc. (NASDAQ:NOGN) fell 24% to $0.1230 after surging 42% on Tuesday.
- Northann Corp. (NASDAQ:NCL) tumbled 22.2% to $1.40.
- Meiwu Technology Company Limited (NYSE:WNW) dipped 21.6% to $2.1701.
- Know Labs, Inc. (NYSE:KNW) fell 20% to $0.60 following fourth-quarter results.
- Fluence Energy, Inc. (NASDAQ:FLNC) declined 17.9% to $22.34. Energy Storage News reported Fluence customer seeking refund for Diablo Bess Epc Contract, citing 'defects and chronic failures'.
- CARGO Therapeutics, Inc. (NASDAQ:CRGX) fell 11.4% to $18.16.
- Immunovant, Inc. (NASDAQ:IMVT) shares fell 11.4% to $36.79.
- Panbela Therapeutics, Inc. (NASDAQ:PBLA) fell 10.7% to $1.4004 after jumping 55% on Tuesday. The company recently announced FDA approval of eflornithine, a drug they divested to US WorldMeds, for treating high-risk neuroblastoma patients who responded partially to prior therapies.
- FedEx Corporation (NYSE:FDX) shares fell 10.5% to $250.60 after the company posted weaker-than-expected earnings for its second quarter and lowered its full-year revenue outlook..
- Diversified Energy Company PLC (NYSE:DEC) declined 9.2% to $14.82.
- MannKind Corporation (NASDAQ:MNKD) fell 7.2% to $3.63.
- Aon plc (NYSE:AON) fell 6.8% to $291.56 after the company announced it will acquire NFP.
Now Read This: Around $2M Bet On This Healthcare Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying
Posted In: ACON AGRI ANY AON ARGX ASST AUVI BLUE CAN CCO CDT CRGX DEC DESP DXC FDX FLNC GMBL HCDI HIVE