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The Bumpy Road for FactSet Research Systems Inc.: A Delve into the Markets

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In Thursday’s financial tango, FactSet Research Systems Inc. tripped over its earnings report, sending shares plummeting by a significant 5.2%. The reason? Disappointing second-quarter revenue numbers and a forecast that lacked the β€˜oomph’ expected by investors.

Despite beating market estimates on the adjusted earnings front at $4.22 per share, the company’s quarterly sales of $545.95 million missed the mark, coming in below expectations of $546.80 million, according to data from Benzinga Pro.

The stock closed at $462.36 on the day, adding to the woes of what was likely a nail-biting trading session for shareholders.

But FactSet Research was not alone in the market tango. Let’s take a look at some of the other stocks that were strutting their stuff in Thursday’s mid-day session.

Those Who Gained Ground

  • Yield10 Bioscience, Inc. YTEN shares took a 136.7% leap, dancing up to $0.5751 after getting the green light from the USDA-APHIS Biotechnology Regulatory Services to plant and breed Camelina sativa varieties in the U.S.
  • Kaival Brands Innovations Group, Inc. KAVL bounced back, surging 101.7% to $2.6850 after taking a stumble of 11% on the previous day.
  • CuriosityStream Inc. CURI galloped ahead by 63.2% to $2.6850 following the release of its fourth-quarter financial report.
  • Portage Biotech Inc. PRTG gained 53.7% to $0.7525.
  • Lufax Holding Ltd LU sprinted up by 41.3% to $4.76 after unveiling its fourth-quarter results.
  • Asset Entities Inc. ASST saw a 37% rise to $0.7173 post its announcement of a partnership with Zendrop.
  • Cazoo Group Ltd CZOO climbed by 33% to $4.6475.
  • Guess?, Inc. GES sauntered up 23.1% to $31.95, revealing a strong fourth-quarter financial performance and a special dividend of $2.25 per share.
  • Nortech Systems Incorporated NSYS shot up by 22.3% to $13.35 on the heels of its fourth-quarter results.
  • JOANN Inc. JOAN gained 20.8% to $0.1631.
  • Aemetis, Inc. AMTX scaled up by 18.4% to $4.3238 after receiving approval for a $200 million investment in various projects.
  • Canoo Inc. GOEV moved 16.5% up to $3.9712 after garnering approval for its Oklahoma City facility as a Foreign Trade Zone.
  • NextNav Inc. NN jumped 15% to $5.55 with a vote of confidence from a major owner acquiring a significant number of shares.
  • Micron Technology, Inc. MU hiked 14.7% to $110.37 on the back of robust second-quarter results and a promising third-quarter outlook.
  • argenx SE ARGX advanced 14.4% to $408.38 on favorable myasthenia gravis data.
  • Stem, Inc. STEM rose 14.3% to $2.2050
  • Astera Labs, Inc. ALAB went up 14.2% to $70.81 amid IPO-related ripples.
  • Ocugen, Inc. OCGN gained 9.3% to $1.3550.
  • Graphjet Technology GTI rose by 9.3% to $10.93.
  • Anywhere Real Estate Inc. HOUS surged 9.1% to $5.99.
  • LiveWire Group, Inc. LVWR gained 9.1% to $7.44 after a 5% uptick the day before.
  • Precigen, Inc. PGEN climbed 6.3% to $1.53.

Those Who Weathered a Storm

  • Movella Holdings Inc. MVLA saw a hefty 61.4% decline, hitting $0.11, as it announced voluntary Nasdaq delisting.
  • Tourmaline Bio, Inc. TRML fell 38.4% to $27.50 after showing a fourth-quarter loss of 81 cents per share.
  • Critical Metals Corp. CRML dropped 27.2% to $9.48.
  • Apyx Medical Corporation APYX fell 27% to $1.35 following weak FY24 guidance.
  • Paltalk, Inc. PALT declined 23.5% to $2.1279 after a drop in fourth-quarter revenue.
  • SpireTech Systems SPIRE dipped by 20.1% to $55.60 when it announced the departure of its CEO Alex.

Market Meltdown: A Cascade of Declines

Market Meltdown: A Cascade of Declines

  • Global, Inc. SPIR fell 23.3% to $13.40 after the company announced a $30
    million registered direct offering of 2,142,858 shares at $14.00 per share.
  • Lixiang Education Holding Co., Ltd. LXEH dipped 22.9% to $4.00.
  • Pyxis Oncology, Inc. PYXS fell 18.4% to $4.43 following fourth-quarter results.
  • Intelligent Group Limited INTJ fell 15.7% to $2.7821. Intelligent Group priced initial
    public offering of 1,875,000 ordinary shares at $4 per share.
  • Designer Brands Inc. DBI fell 15.3% to $9.76 after the company reported fourth-quarter
    financial results and said its total comparable sales decreased by 7.3%.
  • Ontrak, Inc. OTRK shares tumbled 13.9% to $0.2720 after dipping 28% on
  • Five Below, Inc. FIVE fell 12.3% to $183.38 after the company reported fourth-quarter
  • results.
  • Direct Digital Holdings, Inc. DRCT dipped 11.1% to $28.25. Direct
    Digital announced that the earnings call originally scheduled for March 21, 2024 will be postponed to
    March 26, 2024.
  • Biophytis S.A. BPTS fell 11.6% to $0.3971 after surging around 20% on Wednesday.
  • Abits Group Inc. ABTS fell 10.2% to $0.7500 after gaining 14% on Wednesday.
  • Avinger, Inc. AVGR shares fell 9.7% to $2.98 following fourth-quarter results.
  • Titan Machinery Inc. TITN declined 9.6% to $24.28 after the company reported fourth-quarter
  • Steelcase Inc. SCS fell 9.4% to $11.82 after the company reported mixed fourth-quarter
    financial results and issued first-quarter revenue guidance below estimates.
  • LexinFintech Holdings Ltd. LX shares tumbled 8.4% to $1.96 following fourth-quarter financial
  • Li Auto Inc. LI shares declined 7.9% to $31.38 after the company updated its
    delivery outlook. Li Auto said it now expects first-quarter deliveries of 76,000-78,000 vehicles, down from
    100,000-103,000 earlier.
  • Academy Sports and Outdoors, Inc. ASO fell 7.1% to $66.20 after the company reported worse-than-expected fourth-quarter
    financial results and issued FY24 EPS guidance below estimates.
  • Accenture plc ACN fell 6.9% to $354.14 following mixed second-quarter financial results.
  • Wearable Devices Ltd. WLDS declined 6.6% to $0.6188 after surging 5% on Wednesday. Wearable Devices recently published a report saying the Mudra Band β€˜Can Be the Neural Bridge for Apple and Meta in their Next Wave of Smart Glasses Interaction.’
  • Darden Restaurants, Inc. DRI fell 5.3% to $165.27 after the company reported mixed third-quarter
    results and issued soft 2024 revenue guidance.

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