Why Etsy Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Author: Avi Kapoor | February 22, 2024 02:37pm

Shares of Etsy, Inc. (NASDAQ:ETSY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results.

Etsy reported quarterly earnings of 62 cents per share which missed the analyst consensus estimate of 78 cents. The company reported quarterly sales of $842.3 million, beating the analyst consensus estimate of $827.81 million.
Etsy shares dipped 7.5% to $71.34 on Thursday.

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

Gainers

• La Rosa Holdings Corp. (NASDAQ:LRHC) shares jumped 160.7% to $3.6499 after the company said it has acquired a 100% interest in the Company's franchisee - La Rosa Realty Winter Garden LLC located in Winter Garden, Florida.
• BuzzFeed, Inc. (NASDAQ:BZFD) jumped 91.4% to $0.4150 after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed’s workforce.
• Monopar Therapeutics Inc. (NASDAQ:MNPR) rose 80.7% to $1.03 after the company disclosed promising preclinical data for its MNPR-101 radiopharma program targeting advanced cancers.
• Root, Inc. (NASDAQ:ROOT) shares gained 40.8% to $12.21 after posting better-than-expected fourth-quarter results.
• Novavax, Inc. (NASDAQ:NVAX) jumped 34.7% to $5.36. Novavax has reached a settlement related to the 2021 advance purchase agreement for Novavax's prototype Covid-19 vaccine (NVX-COV2373).
• EZFill Holdings Inc. (NASDAQ:EZFL) rose 34.3% to $1.86. EzFill announced preliminary 2023 revenues of $23 million, up 54% year over year.
• Mercurity Fintech Holding Inc. (NASDAQ:MFH) jumped 30% to $2.93.
• Mativ Holdings, Inc. (NYSE:MATV) gained 27.6% to $15.00 following upbeat earnings.
• Venus Concept Inc. (NASDAQ:VERO) shares climbed 26.9% to $1.6242 after the company received CE Mark from DEKRA Certification B.V. to market Venus Versa Pro in Europe.
• Outset Medical, Inc. (NASDAQ:OM) gained 26% to $4.0680 following upbeat results.
• Ocular Therapeutix, Inc. (NASDAQ:OCUL) rose 22.2% to $9.19 after announcing a $325.0 million private placement.
• Remitly Global, Inc. (NASDAQ:RELY) shares rose 19.5% to $21.13 after the company reported better-than-expected fourth-quarter financial results.
• B. Riley Financial, Inc. (NASDAQ:RILY) gained 19.3% to $18.13. B. Riley’s board issued a statement regarding internal review.
• Super Micro Computer, Inc. (NASDAQ:SMCI) jumped 19.2% to $875.07. Supermicro announced a proposed offering of $1.5 billion of convertible senior notes due 2029.
• Bone Biologics Corporation (NASDAQ:BBLG) gained 18.4% to $3.73.
• Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) rose 17.5% to $18.00 following strong sales results.
• ACV Auctions Inc. (NASDAQ:ACVA) gained 16.9% to $16.37 after the company reported better-than-expected fourth-quarter financial results and announced the settlement of its antitrust litigation related to the AutoIMS technology platform.
• FTI Consulting, Inc. (NYSE:FCN) jumped 15.5% to $219.72 following upbeat results.
• NVIDIA Corporation (NASDAQ:NVDA) rose 15.4% to $778.61 after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.
• OUTFRONT Media Inc. (NYSE:OUT) gained 15.4% to $14.35 following upbeat results.
• Lantheus Holdings, Inc. (NASDAQ:LNTH) rose 14.4% to $64.90 following strong results.
• Enerplus Corporation (NYSE:ERF) rose 13.7% to $18.67.
• Indivior PLC (NASDAQ:INDV) gained 13.3% to $19.83 following fourth-quarter results.
• Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) rose 12.2% to $13.88.
• Agile Therapeutics, Inc. (NASDAQ:AGRX) gained 11.1% to $1.10. Agile Therapeutics was granted extension by Nasdaq Hearings Panel to regain compliance until March 25, 2024. The company sees FY23 revenue of $20 million to $21 million. Agile Therapeutics announces exercise of warrants for $4.8 million gross proceeds.
• Synopsys, Inc. (NASDAQ:SNPS) gained 10.7% to $601.93 after the company reported better-than-expected first-quarter adjusted EPS results and issued strong guidance.
• Q2 Holdings, Inc. (NASDAQ:QTWO) rose 9.5% to $45.82 following strong results.
• Eastside Distilling, Inc. (NASDAQ:EAST) shares rose 7.6% to $1.0340.
• DigitalOcean Holdings, Inc. (NYSE:DOCN) gained 6.8% to $38.29 following upbeat results.

Losers

• Draganfly Inc. (NASDAQ:DPRO) shares fell 50.3% to $0.1790 after the company announced pricing of $3.6 million underwritten public offering.
• Greenbrook TMS Inc. (NASDAQ:GBNH) fell 46.6% to $0.2024 after the company announced a $1.2 million registered direct offering of 6 million shares at $0.20 per share purchase price.
• Synaptogenix, Inc. (NASDAQ:SNPX) shares fell 29.5% to $0.1839 after surging 29% on Wednesday. Synaptogenix received a Notice of Allowance for its U.S. Patent application 17/665,033 titled "Halogenated Esters of Cyclopropanated Unsaturated Fatty Acids for Use in the Treatment of Neurodegenerative Diseases."
• Rivian Automotive, Inc. (NASDAQ:RIVN) fell 26.8% to $11.25 after the company reported a wider-than-expected loss for its fourth quarter and announced plans to reduce its salaried workforce by around 10% to help further improve costs. The company said it sees production of 57,000 vehicles in 2024.
• MMTec, Inc. (NASDAQ:MTC) fell 23.2% to $1.0750.
• Goosehead Insurance, Inc (NASDAQ:GSHD) dipped 21.2% to $68.78 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 revenue guidance below estimates.
• Bel Fuse Inc. (NASDAQ:BELFA) fell 20.1% to $59.16 after the company reported weak fourth-quarter financial results.
• Lucid Group, Inc. (NASDAQ:LCID) shares fell 19.1% to $2.9912 after the company reported mixed fourth-quarter financial results and issued guidance.
• Sunnova Energy International Inc. (NYSE:NOVA) dipped 18.6% to $9.52 after the company reported worse-than-expected fourth-quarter financial results.
• ATN International, Inc. (NASDAQ:ATNI) declined 18.1% to $29.20 after the company reported fourth-quarter financial results and issued guidance.
• Pulmonx Corporation (NASDAQ:LUNG) fell 17.6% to $11.94 after the company reported fourth-quarter financial results.
• MGP Ingredients, Inc. (NASDAQ:MGPI) declined 14.3% to $78.75 after the company reported fourth-quarter financial results.
• Momentus Inc. (NASDAQ:MNTS) shares fell 13.1% to $0.5995 after declining around 7% on Wednesday.
• Standard Motor Products, Inc. (NYSE:SMP) dipped 12.7% to $35.01 after the company reported worse-than-expected fourth-quarter financial results and issued guidance.
• Teekay Corporation (NYSE:TK) gained 12.4% to $7.21 after the company reported a year-over-year decrease in Q4 financial results.
• TrueCar, Inc. (NASDAQ:TRUE) dipped 11% to $3.4450 following weak sales.
• Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) fell 8% to $18.57. Kratos Defense & Security Solutions announced a proposed public offering of $300 million of common stock.
• Rogers Corporation (NYSE:ROG) fell 6.8% to $108.29 following weak quarterly results.

 

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