King of Prussia-based FMC Corporation FMC experienced a dramatic descent in today’s trading session following the company’s disappointing fourth-quarter figures.

The corporation recorded adjusted earnings of $1.07 per share, slightly lower than the $1.08 per share foreseen by the market. Moreover, FMC’s quarterly sales totaled $1.15 billion, falling short of the expected $1.25 billion.

Consequently, FMC shares plummeted by 9.8% to $54.51 on Tuesday.

In addition to the decline witnessed by FMC, various other stock tickers also experienced notable movement during Tuesday’s mid-day session.

Winners

• InVivo Therapeutics Holdings Corp. NVIV surged 144.4% to $0.5427, rebounding from a 26% dip on Monday.
• Tenax Therapeutics, Inc. TENX skyrocketed 96% to $17.13 prompted by the USPTO’s notice of allowance for the U.S. patent application “Levosimendan For Treating Pulmonary Hypertension With Heart Failure With Preserved Ejection Fraction.”
• Agrify Corporation AGFY saw its shares climb 70.1% to $1.0889 due to milestone achievement with PX-30 hydrocarbon extraction system installation in Michigan Facility.
• ADDvantage Technologies Group, Inc. AEY gained 36% to $0.4769.
• Palantir Technologies Inc. PLTR witnessed a 27% surge to $21.23 following its better-than-expected fourth-quarter sales results and issued guidance.
• Zenvia Inc. ZENV rose 25% to $1.4621 owing to its announcements to address funding gap and introduced EBITDA guidance for 2024, valuing between BRL 120 million and BRL140 million.
• Helius Medical Technologies, Inc. HSDT soared 24% to $8.80 due to the alignment with the FDA on registrational program for treatment of stroke patients.
• Exicure, Inc. XCUR gained 21.7% to $0.67 after entering into a patent license agreement with Bluejay Therapeutics to develop cavrotolimod for the potential treatment for hepatitis.
• Jasper Therapeutics, Inc. JSPR rose 18% to $15.29 following pricing of $50 million underwritten offering of 3.9 million shares of common stock at a price of $12.95/share.
• Griid Infrastructure Inc. GRDI gained 15.7% to $2.35.
• Frontier Group Holdings, Inc. ULCC rose 15% to $5.94 post its fourth-quarter results.
• Coherent Corp. COHR gained 13.1% to $55.92 following its provision of better-than-expected second-quarter financial results and revised FY24 guidance.
• GE HealthCare Technologies Inc. GEHC climbed 8.3% to $79.50 due to its better-than-expected quarterly financial results and issued guidance.
• IHS Holding Limited IHS rose 7.7% to $2.81.
• Toyota Motor Corporation TM gained 7.3% to $217.76 after reporting results for its third quarter and nine months of FY24.
• Spotify Technology S.A. SPOT rose 6.2% to $237.10 following the company’s report of a 28% increase in ad-supported MAUs and a 15% increase in premium subscribers for the fourth quarter.

Losers

• Sunworks, Inc. SUNW shares tumbled 61.7% to $0.08 after disclosing cessation of operations and filing voluntary petitions for relief under the provisions of Chapter 7 of Title 11 of U.S Code.
• BioRestorative Therapies, Inc. BRTX dipped 60.3% to $1.37 following the announcement of warrant exercise and issuance of new warrants in a private placement for $8.1 million gross proceeds priced at-the-market.
• Peraso Inc. PRSO declined 43.9% to $1.7101 owing to the announcement of pricing of its $4 million underwritten public offering.
• Trio Petroleum Corp. TPET fell 31.5% to $0.1472 post the company’s update on its operations in Monterey County, California.
• Pineapple Energy Inc. PEGY dipped 31.5% to $0.1541.
• Reborn Coffee, Inc. REBN fell 28.6% to $2.74.
• Symbotic Inc. SYM fell 24.7% to $37.33 following the company’s report of mixed first-quarter financial results.
• Fabrinet FN fell 24% to $169.83 after the company reported second-quarter financial results.
• Sagimet Biosciences Inc. SGMT fell 23.3% to $7.00.








Stock Market Plunge: Companies Experience Significant Drop in Share Prices

SYM Fall Sparks Market Concerns

SYM plunged 23.5% to $37.96 following an announcement of mixed first-quarter financial results. The steep fall in share prices has raised widespread investor concerns about the company’s financial health and future prospects.

Rambus Inc. Shares Tumble

Rambus Inc. RMBS shares also experienced a notable drop, falling 17.2% to $56.63 after the release of the company’s mixed quarterly financial results. This unexpected decline has left investors reeling and uncertain about the path ahead for Rambus Inc.

New York Community Bancorp, Inc. Faces Steep Decline

New York Community Bancorp, Inc. NYCB saw its shares plummet by 15.3% to $4.5718, prompting concerns among investors about the stability and performance of the company. The significant decrease in share prices has raised red flags about New York Community Bancorp, Inc.’s position in the market.

Crown Holdings, Inc. Reports Bleak Financials

Crown Holdings, Inc. CCK experienced a sharp decline of 13.5% to $76.29 after reporting worse-than-expected fourth-quarter financial results and issuing a FY24 adjusted EPS guidance below estimates. The disappointing performance has left investors anxious and uncertain about the company’s future trajectory.

Kimball Electronics, Inc. Suffers Losses

Kimball Electronics, Inc. KE witnessed a significant 13.5% drop in share prices, falling to $20.32 following the release of weak quarterly results. This unexpected downturn has triggered unease among investors about the company’s standing in the market.

C3is Inc. Faces Share Price Plunge

C3is Inc. CISS shares fell by 12% to $0.1305. This decline comes on the heels of a previous 8% drop after the company filed for an offering of 43.75 million units, evoking concern and uncertainty among investors about C3is Inc.’s future.

Nyxoah S.A. Share Prices Take a Hit

Nyxoah S.A. NYXH witnessed a significant 10.1% decrease in share prices, falling to $9.64. The unexpected decline has raised questions among investors about Nyxoah S.A.’s financial stability and market position.

Sensata Technologies Holding plc Dips After Weak Earnings

Sensata Technologies Holding plc ST experienced a 9.1% decline in share prices, falling to $32.84 following the release of weak earnings. The unexpected decrease has left investors concerned about the company’s financial outlook.

Consolidated Water Co. Ltd. Decline

Consolidated Water Co. Ltd. CWCO declined by 8.9% to $27.60, triggering uncertainty and concern among investors about the company’s market position and future trajectory.

UBS Group AG Share Prices Fall

UBS Group AG UBS experienced a 5.7% drop in share prices, falling to $28.10 after the company posted quarterly results and announced a share buyback of up to $1 billion. This unexpected downturn has left investors uncertain about UBS Group AG’s performance and market stability.

Amkor Technology, Inc. Faces Share Price Decline

Amkor Technology, Inc. AMKR saw its shares fall by 5.3% to $30.59 after issuing weak first-quarter guidance, prompting concern and uncertainty among investors about the company’s future prospects.

Chegg, Inc. Shares Experience Decline

Chegg, Inc. CHGG witnessed a 4.6% decrease in share prices, falling to $8.87 after issuing weak first-quarter guidance. The unexpected decline has left investors apprehensive about Chegg, Inc.’s future performance and market position.

 

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