Why Upstart Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Author: Avi Kapoor | May 08, 2024 01:38pm

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.

Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro.

Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million.

Upstart shares dipped 10.3% to $21.96 on Wednesday.

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

Gainers

• Reborn Coffee, Inc. (NASDAQ:REBN) shares jumped 132.9% to $4.0297 after the company announced a significant expansion into the China market through a strategic Master License Agreement with IAID Co.
• iSun, Inc. (NASDAQ:ISUN) gained 49% to $0.1966.
• NewGenIvf Group Limited (NASDAQ:NIVF) jumped 36.4% to $1.48.
• Tivic Health Systems, Inc. (NASDAQ:TIVC) rose 34% to $1.4099.
• Innodata Inc. (NASDAQ:INOD) shares gained 31.5% to $8.86 after the company reported a year-over-year increase in first-quarter financial results.
• Cricut, Inc. (NASDAQ:CRCT) gained 31% to $7.25 after the company reported better-than-expected first-quarter GAAP EPS results.
• MaxCyte, Inc. (NASDAQ:MXCT) rose 27.6% to $5.01 following upbeat quarterly results.
• Ameresco, Inc. (NASDAQ:AMRC) gained 27.6% to $28.47 following strong quarterly results.
• Davis Commodities Limited (NASDAQ:DTCK) rose 26.8% to $1.5580
• Elanco Animal Health Incorporated (NYSE:ELAN) surged 26.5% to $17.11 following strong quarterly earnings.
• American Public Education, Inc. (NASDAQ:APEI) rose 23.3% to $18.71 following upbeat quarterly results.
• Globus Medical, Inc. (NYSE:GMED) gained 23.3% to $63.35 after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance.
• Kyndryl Holdings, Inc. (NYSE:KD) jumped 21.6% to $25.25 after the company reported better-than-expected fourth-quarter financial results.
• PowerSchool Holdings, Inc. (NYSE:PWSC) gained 21.2% to $20.17 following a report suggesting Bain is pursuing a takeover of the company.
• Myriad Genetics, Inc. (NASDAQ:MYGN) rose 21.1% to $24.02 following better-than-expected first-quarter earnings.
• Arko Corp. (NYSE:ARKO) gained 20.3% to $5.15 following first-quarter earnings.
• Latham Group, Inc. (NASDAQ:SWIM) gained 19% to $3.5609 following strong first-quarter earnings.
• Hyster-Yale Materials Handling, Inc. (NYSE:HY) surged 18.2% to $69.74 following UPBEAT first-quarter earnings.
• Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) jumped 17.7% to $26.22 after reporting strong quarterly results.
• Neo-Concept International Group Holdings Limited (NASDAQ:NCI) gained 17.2% to $1.1529 after declining over 6% on Tuesday.
• Oddity Tech Ltd. (NASDAQ:ODD) gained 15.8% to $36.19 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.
• Dutch Bros Inc. (NYSE:BROS) climbed 15.5% to $32.82 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance.
• Louisiana-Pacific Corporation (NYSE:LPX) gained 15% to $83.93 following better-than-expected first-quarter financial results.
• RingCentral, Inc. (NYSE:RNG) rose 14.8% to $34.42 after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance.
• Luminar Technologies, Inc. (NASDAQ:LAZR) rose 14.5% to $1.89 as the company posted a narrower-than-expected quarterly loss.
• Toast, Inc. (NYSE:TOST) gained 14.2% to $27.09 after the company reported better-than-expected quarterly sales results.
• Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NASDAQ:HASI) gained 13.9% to $29.84 following upbeat earnings.
• Teva Pharmaceutical Industries Limited (NYSE:TEVA) rose 13% to $15.75 after the company reported mixed first quarter financial results.
• Repare Therapeutics Inc. (NASDAQ:RPTX) gained 11.7% to $3.6650 after the company posted better-than-expected results for its first quarter.
• Vistra Corp. (NYSE:VST) gained 10.1% to $90.01 after the company reported first quarter financial results.
• Cirrus Logic, Inc. (NASDAQ:CRUS) jumped 9.6% to $99.93 as the company posted better-than-expected results for its fourth quarter.
• Clover Health Investments, Corp. (NASDAQ:CLOV) shares gained 9.5% to $0.81 after the company reported better than expected first-quarter financial results.
• Lyft, Inc. (NASDAQ:LYFT) gained 8.8% to $18.08 following better-than-expected first-quarter results.
• Veeco Instruments Inc. (NASDAQ:VECO) rose 6.9% to $40.08 following upbeat results.

Losers

• Treace Medical Concepts, Inc.. (NASDAQ:TMCI) shares dipped 60.8% to $4.3650 after the company reported first-quarter financial results and issued FY24 revenue guidance below estimates.
• DoubleVerify Holdings, Inc. (NYSE:DV) fell 38.5% to $18.79 after the company reported first-quarter financial results.
• Inspire Medical Systems, Inc. (NYSE:INSP) fell 34.3% to $161.35 following first-quarter results.
• Definitive Healthcare Corp. (NASDAQ:DH) dipped 32.2% to $4.9150 after the company reported worse-than-expected first-quarter sales results.
• Seres Therapeutics, Inc. (NASDAQ:MCRB) fell 31.1% to $0.7653 following quarterly results.
• Tripadvisor, Inc. (NASDAQ:TRIP) fell 28.4% to $18.24 after Liberty Tripadvisor and the Special Committee ceased discussions with third parties with respect to a potential transaction.
• ZoomInfo Technologies Inc. (NASDAQ:ZI) shares fell 25.2% to $11.98 after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
• LegalZoom.com, Inc. (NASDAQ:LZ) dipped 23.3% to $9.35 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.
• Semler Scientific, Inc. (NASDAQ:SMLR) fell 22.7% to $21.78 after the company reported worse-than-expected first-quarter financial results.
• Grocery Outlet Holding Corp. (NASDAQ:GO) dipped 22.2% to $20.17 after the company reported worse-than-expected first-quarter adjusted EPS results.
• Flywire Corporation (NASDAQ:FLYW) shares declined 21.7% to $16.08 after the company reported worse-than-expected first-quarter EPS results and issued second-quarter revenue guidance below estimates.
• SIGA Technologies, Inc. (NASDAQ:SIGA) dipped 20.6% to $8.31 following first-quarter results.
• Shopify Inc. (NYSE:SHOP) fell 19.8% to $61.76 following first-quarter earnings..
• Rapid7, Inc. (NASDAQ:RPD) dipped 18.6% to $37.26 following first-quarter earnings..
• Acutus Medical, Inc. (NASDAQ:AFIB) fell 17.1% to $0.1020 after jumping 15% on Tuesday. Nasdaq, last week, notified the company that it has not regained compliance with listing rule 5550(a)(2).
• Shoals Technologies Group, Inc (NASDAQ:SHLS) shares fell 14.1% to $7.56 after the company reported worse-than-expected first-quarter sales results.
• Masimo Corporation (NASDAQ:MASI) fell 13.8% to $117.23 following first-quarter earnings. The company’s second-quarter guidance midpoint was below consensus estimates.
• EchoStar Corporation (NASDAQ:SATS) dipped 13.6% to $14.99 following worse-than-expected first-quarter financial results.
• STAAR Surgical Company (NASDAQ:STAA) dipped 11.8% to $41.10 following quarterly results.
• Volcon, Inc. (NASDAQ:VLCN) shares declined 11.8% to $0.26 after the company reported a year-over-year decrease in first-quarter sales results.
• Qualys, Inc. (NASDAQ:QLYS) fell 10.1% to $149.21 after the company reported first-quarter earnings and issued second-quarter revenue guidance below estimates.
• Affirm Holdings, Inc. (NASDAQ:AFRM) fell 9.1% to $31.74 following third-quarter earnings.
• Uber Technologies, Inc. (NYSE:UBER) dipped 8.6% to $64.40. Uber posted weaker-than-expected fiscal first-quarter financial results.
• Coupang, Inc. (NYSE:CPNG) fell 7.8% to $21.78 after the company reported mixed first-quarter financial results.
• Astera Labs, Inc. (NASDAQ:ALAB) shares declined 6.3% to $71.37 following first-quarter results.
• Centrus Energy Corp. (NYSE:LEU) shares declined 6.2% to $41.56 following first-quarter results.
• A-Mark Precious Metals Inc (NASDAQ:AMRK) shares fell 5.5% to $38.14 following fiscal third quarter 2024 results.
• Twilio Inc. (NYSE:TWLO) shares fell 5.5% to $59.86 following first-quarter results.
• OPKO Health, Inc. (NASDAQ:OPK) shares fell 5.4% to $1.23 after the company reported worse-than-expected first-quarter financial results.

Now Read This: Airbnb Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Posted In: AFIB AFRM ALAB AMRC AMRK AOSL APEI ARKO BROS CLOV CPNG CRCT CRUS DH DTCK DV ELAN FLYW GMED GO