Why XP Shares Are Trading Lower By Around 12%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Author: Avi Kapoor | May 22, 2024 01:27pm

Shares of XP Inc. (NASDAQ:XP) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results.

XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from Benzinga Pro.

XP shares dipped 11.5% to $18.99 on Wednesday.

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

Gainers

Akoustis Technologies, Inc. (NASDAQ:AKTS) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo.
Barnes & Noble Education, Inc. (NYSE:BNED) gained 119.7% to $1.1883 on continued volatility. Greenhaven last week said it continues to explore a possible transaction with the company.
Binah Capital Group, Inc. (NASDAQ:BCG) gained 58.7% to $4.27.
Siyata Mobile Inc. (NASDAQ:SYTA) jumped 56% to $3.70 after the company announced the expansion of its SD7 rollout at Baha Mar Resort.
BuzzFeed, Inc. (NASDAQ:BZFD) shares gained 48.2% to $3.71 after Vivek Ramaswamy disclosed a 7.7% stake in the company.
Oblong, Inc. (NASDAQ:OBLG) rose 36% to $0.2300.
Mustang Bio, Inc. (NASDAQ:MBIO) shares gained 27% to $0.3951 after falling over 8% on Tuesday.
DermTech, Inc. (NASDAQ:DMTK) rose 26% to $0.44.
IGM Biosciences, Inc. (NASDAQ:IGMS) jumped 24% to $10.44.
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) gained 23% to $3.0201 following better-than-expected quarterly financial results.
FREYR Battery, Inc. (NYSE:FREY) gained 22.8% to $2.42 after the company issued an operations update.
CureVac N.V. (NASDAQ:CVAC) jumped 20.3% to $3.9604.
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) rose 20% to $3.2601. Maxeon Solar Technologies announced Nasdaq notification of non-compliance.
MGO Global, Inc. (NASDAQ:MGOL) gained 15.6% to $1.4450. MGO Global shares jumped around 447% on Tuesday after the company posted a year-over-year increase in its first-quarter financial results.
Venus Concept Inc. (NASDAQ:VERO) rose 12.8% to $0.7002.
LM Funding America, Inc. (NASDAQ:LMFA) shares climbed 12.2% to $3.67 after jumping around 15% on Tuesday. LM Funding America, last week, posted better-than-expected first-quarter earnings.
Daqo New Energy Corp. (NYSE:DQ) gained 12.1% to $21.43.
SunPower Corporation (NASDAQ:SPWR) rose 10.5% to $3.0294 after the company announced it will now offer Tesla Powerwall 3 as part of its portfolio.
Novavax, Inc. (NASDAQ:NVAX) climbed 9.5% to $16.33. Shah Capital recently withdrew its proxy campaign against the re-election of directors at Novavax’s 2024 Annual Meeting.
Canadian Solar Inc. (NASDAQ:CSIQ) rose 9.2% to $17.28. Roth MKM analyst Philip Shen maintained Canadian Solar with a Buy and maintained a $25 price target.
Brady Corporation (NYSE:BRC) gained 8.6% to $65.48 after the company posted upbeat quarterly earnings and raised earnings guidance for FY24.
VS Media Holdings Ltd (NASDAQ:VSME) gained 7.7% to $0.4065 after falling over 7% on Tuesday.
The TJX Companies, Inc. (NYSE:TJX) gained 6.8% to $104.32 following upbeat earnings.
Analog Devices, Inc. (NASDAQ:ADI) jumped 6% to $229.69 following better-than-expected second-quarter financial results.
Moderna, Inc. (NASDAQ:MRNA) rose 5.6% to $151.80.
Williams-Sonoma, Inc. (NYSE:WSM) gained 4.7% to $329.05 after the company reported first-quarter financial results.

Losers

Edible Garden AG Incorporated (NASDAQ:EDBL) shares fell 52.7% to $2.05 after the company announced the pricing of a $6 million public offering.
Oragenics, Inc. (NYSE:OGEN) dipped 41.1% to $1.79. Oragenics named William “Frank” Peacock MD as Chief Clinical Officer.
Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) fell 39% to $1.4192 after the company announced $7 million of gross proceeds from warrant exercises.
Hywin Holdings Ltd. (NASDAQ:HYW) dipped 35.7% to $0.45.
MMTec, Inc. (NASDAQ:MTC) fell 29.3% to $0.6288.
Ault Alliance, Inc. (NYSE:AULT) declined 25% to $0.3530.
FLJ Group Limited (NASDAQ:FLJ) shares fell 24.3% to $0.8625 after jumping over 46% on Tuesday.
Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) dipped 22% to $0.9091.
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) fell 22% to $1.0801
MultiMetaVerse Holdings Limited (NASDAQ:MMV) fell 19.7% to $0.7350.
Yatsen Holding Limited (NYSE:YSG) shares declined 18.6% to $3.7050 following downbeat second-quarter results.
LifeStance Health Group, Inc. (NASDAQ:LFST) shares declined 17.4% to $6.17. LifeStance Health Group priced its secondary public offering of 20 million common shares at $6.25 per share.
Nanobiotix S.A. (NASDAQ:NBTX) dipped 13.7% to $6.09 following first-quarter results.
Viasat Inc (NASDAQ:VSAT) fell 12.6% to $16.42 after the company reported its fourth-quarter financial results.
Golden Ocean Group Limited (NASDAQ:GOGL) declined 11.7% to $13.92 following first-quarter financial results.
Hovnanian Enterprises, Inc. (NYSE:HOV) fell 11.1% to $150.26 following second-quarter results.
Photronics, Inc. (NASDAQ:PLAB) declined 10.8% to $25.19 following worse-than-expected second-quarter financial results and soft third-quarter guidance.
IAMGOLD Corporation (NYSE:IAG) shares fell 9.6% to $4.06 after the company announced a $300 million bought deal financing.
Modine Manufacturing Company (NYSE:MOD) shares fell 8.6% to $92.79 following mixed fourth-quarter results.
Hudbay Minerals Inc. (NYSE:HBM) shares declined 8% to $9.53 after the company announced a $300 million Bought Deal Equity Offering.
CAE Inc. (NYSE:CAE) fell 8% to $18.25 after the company reported a year over-year decrease preliminary fourth-quarter financial results.
Target Corporation (NYSE:TGT) fell 7.7% to $143.78 following downbeat quarterly earnings.
Toll Brothers, Inc. (NYSE:TOL) fell 7.6% to $120.28. Toll Brothers reported stronger-than-expected results for its second quarter and raised its FY24 forecast.
Lululemon Athletica Inc. (NASDAQ:LULU) shares declined 6.7% to $301.39 after the company announced that its Chief Product Officer resigned and the company does not intend to replace the role.