Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Science Applications International Corporation (NYSE: SAIC) fell sharply during Monday’s session after the company reported financial fourth-quarter EPS below estimates.
SAIC reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion. Adjusted EPS of $1.43 was in line with the consensus.
Science Applications International shares dipped 10.7% to $127.29 on Monday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Canoo Inc. (NASDAQ: GOEV) shares surged 95% to $3.77 after the US Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone.
- Solidion Technology Inc. (NASDAQ: STI) shares jumped 71.9% to $2.9910 after surging around 34% on Friday. The company, last week, announced the pricing of a $3.85 million private placement.
- Verb Technology Company, Inc. (NASDAQ: VERB) gained 53% to $0.6770, possibly on continued strength after it announced its Market.live launched Facebook and Instagram social shopping technology integration on Friday.
- WaveDancer, Inc. (NASDAQ: WAVD) shares climbed 39.1% to $4.1461. WaveDancer and Firefly Neuroscience each received the requisite stockholder approvals required to consummate the merger between both companies.
- Brand Engagement Network, Inc. (NASDAQ: BNAI) climbed 33.7% to $14.14 after jumping 40% on Friday.
- Wearable Devices Ltd. (NASDAQ: WLDS) climbed 31.6% to $0.5863. Wearable Devices published a report by its XR team suggesting 'The Mudra Band Can Be The Neural Bridge For Apple And Meta In Their Next Wave Of Smart Glasses Interaction.'
- Leafly Holdings, Inc. (NASDAQ: LFLY) rose 30.3% to $2.86.
- Immuneering Corporation (NASDAQ: IMRX) surged 30.3% to $2.49. Immuneering recently announced topline result from the ongoing Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.
- Nuvei Corp (NASDAQ: NVEI) rose 25.8% to $27.24 after the company said it was evaluating offers to go private.
- Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) surged 25.4% to $0.38.
- Fresh2 Group Limited (NASDAQ: FRES) gained 20.5% to $0.60.
- NuScale Power Corporation (NYSE: SMR) rose 21% to $9.50. Canaccord Genuity analyst George Gianarikas maintained NuScale Power with a Buy and raised the price target from $4.25 to $8.
- EHang Holdings Limited (NASDAQ: EH) gained 17% to $17.90 after the company reportedly began selling its EH216-S flying taxi on Taobao.
- AEye, Inc. (NASDAQ: LIDR) gained 16.6% to $1.34. AEye is expected to release its financial results for the fourth quarter after the closing bell on March 26, 2024.
- Aurora Cannabis Inc. (NASDAQ: ACB) rose 16% to $3.69 after surging 10% on Friday.
- Qurate Retail, Inc. (NASDAQ: QRTEB) surged 15.9% to $5.47.
- Latham Group, Inc. (NASDAQ: SWIM) gained 15.7% to $3.32 after Stifel upgraded the stock from Hold to Buy and raised its price target from $3 to $4.
- 2seventy bio, Inc. (NASDAQ: TSVT) climbed 13% to $4.52. The FDA Advisory Committee voted in favor of Bristol Myers Squibb's and 2seventy Bio's Abecma for triple-class exposed multiple myeloma in earlier lines of therapy.
- Global Gas Corporation (NASDAQ: HGAS) shares rose 11.5% to $1.7399 after falling 25% on Friday.
- D-Wave Quantum Inc. (NYSE: QBTS) gained 10.6% to $2.3005. D-Wave Quantum said it is expanding its executive team to supercharge both its go-to-market growth strategy and product innovation.
- Tilray Brands, Inc. (NASDAQ: TLRY) surged 9.8% to $1.9001.
- Graphjet Technology Sdn. Bhd. (NASDAQ: GTI) rose 9.3% to $12.90.
- Alphabet Inc. (NASDAQ: GOOGL) gained 6.3% to $150.09 following reports suggesting Apple Inc (NASDAQ: AAPL) is in discussions to integrate Google Gemini into iPhones.
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Losers- Global Mofy Metaverse Limited (NASDAQ: GMM) shares dipped 33.7% to $1.9503.
- Sonder Holdings Inc. (NASDAQ: SOND) fell 33% to $3.68 after the company announced a delay to its fourth quarter and full year 2023 financial results announcement, and issued fourth quarter and full year 2023 preliminary highlights.
- Veritone, Inc. (NASDAQ: VERI) dipped 21.2% to $3.06.
- Worksport Ltd. (NASDAQ: WKSP) fell 20.3% to $0.59 after the company announced pricing of $2.8 million registered direct offering & concurrent private placement.
- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) dipped 20% to $1.56.
- TC Biopharm (Holdings) Plc (NASDAQ: TCBP) declined 19.8% to $1.3469. TCBP announced exercise of Series D warrants for cash.
- Solowin Holdings (NASDAQ: SWIN) dipped 19.1% to $8.90 after reporting unaudited financial results for the first six months of fiscal year 2024.
- XORTX Therapeutics Inc. (NASDAQ: XRTX) declined 15.5% to $4.3750.
- JOANN Inc. (NASDAQ: JOAN) shares fell 15.4% to $0.1949 after the company announced that it entered into an agreement to reduce its debt and receive $132 million in new capital and related financial accommodations.
- CARGO Therapeutics, Inc. (NASDAQ: CRGX) fell 15% to $26.65.
- Chijet Motor Company, Inc. (NASDAQ: CJET) shares tumbled 12.2% to $0.43 after gaining 52% on Friday.
- Legacy Housing Corporation (NASDAQ: LEGH) fell 11.7% to $22.25 after the company reported worse-than-expected fourth-quarter financial results.
- B. Riley Financial, Inc. (NASDAQ: RILY) fell 11.5% to $15.56. B. Riley Financial failed to file its audited results after the end of extension period.
- Getty Images Holdings, Inc. (NYSE: GETY) dipped 11.1% to $4.5950. Getty Images recently reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
- GeneDx Holdings Corp. (NASDAQ: WGS) fell 11.1% to $ 10.68.
- MMTec, Inc. (NASDAQ: MTC) dipped 10.5% to $1.97 after jumping 38% on Friday.
- Summit Therapeutics Inc. (NASDAQ: SMMT) dipped 9.8% to $ 4.1650.
- Nanobiotix S.A. (NASDAQ: NBTX) fell 9.8% to $6.27 after gaining 10% on Friday.
- Li Auto Inc. (NASDAQ: LI) declined 9.7% to $34.11 after gaining around 3% on Friday.
- Shift4 Payments, Inc. (NASDAQ: FOUR) fell 9.2% to $70.37. The company’s CEO Jared Isaacman said bids from potential contenders failed to sufficiently value the firm, according to Bloomberg News.
- Logitech International S.A. (NASDAQ: LOGI) shares fell 8.1% to $87.06 after the company announced the departure of CFO Chuck Boynton and reaffirmed 2024 financial guidance.
- Hertz Global Holdings, Inc. (NASDAQ: HTZ) fell 8% to $6.97.
- Roblox Corporation (NYSE: RBLX) fell 6.5% to $36.68.
- New York Community Bancorp, Inc. (NASDAQ: NYCB) dipped 6.4% to $3.6550 after Raymond James downgraded the stock from Market Perform to Underperform.
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