LuxUrban Hotels Inc. (LUXH) experienced a steep decline during Wednesday’s trading session, triggered by the company’s issuance of a preliminary fourth-quarter revenue projection that fell short of market estimates.
The company anticipates preliminary revenue of $28.2 million for the fourth quarter, significantly lower than the market consensus of $34.199 million, as revealed by data from Benzinga Pro.
LuxUrban Hotels witnessed a 27.4% drop, with shares plummeting to $1.5523 on Wednesday.
The market landscape is unsettled, with other stocks experiencing significant movements in today’s mid-day session.
Gainers
- MariaDB plc (MRDB) saw a substantial rise of 70.4% to $0.3850 after Progress Software hinted at a potential offer for the company.
- Lixte Biotechnology Holdings, Inc. (LIXT) surged 68.6% to $3.8099 following the announcement of pre-clinical data on its primary clinical compound, LB-100.
- Nutriband Inc. (NTRB) climbed 33.2% to $3.9950 after providing an overview of the clinical and regulatory path for its AVERSA Fentanyl patch.
- Verb Technology Company, Inc. (VERB) surged 30.5% to $0.3656 after securing a formal partnership with TikTok through its MARKET.live service.
- PaySign, Inc. (PAYS) jumped 28.2% to $4.3299 after boasting better-than-expected fourth-quarter results.
- Destiny Tech100 Inc (DXYZ) rose 26.6% to $11.39 after a 9% increase on Tuesday.
- PAVmed Inc. (PAVM) soared 19.7% to $2.4798 following a business update and the release of fourth-quarter financial results.
- Noah Holdings Limited (NOAH) witnessed a 17.5% rise to $11.89 post the announcement of fourth-quarter financial results.
- NuScale Power Corporation (SMR) climbed 17.5% to $4.89.
- The ONE Group Hospitality, Inc. (STKS) observed a 17.2% increase to $4.70 after revealing its acquisition of Safflower Holdings.
- Trump Media & Technology Group Corp. (DJT) gained 16.7% to $67.68, building on a 16% surge from the previous day.
- Ouster, Inc. (OUST) rose 16.7% to $5.82, driven by robust quarterly sales.
Losers
- Gamida Cell Ltd. (GMDA) experienced a substantial decline of 83.2% to $0.0575 after disclosing fourth-quarter results and the initiation of a restructuring process.
- Direct Digital Holdings, Inc. (DRCT) dropped 44.8% to $14.60 post announcing worse-than-expected fourth-quarter financial results.
- Velo3D, Inc. (VLD) fell 41.2% to $0.3401 following a disappointing fourth-quarter financial report.
- Ryvyl Inc. (RVYL) witnessed a 37.8% decline to $2.46 subsequent to the release of fourth-quarter results.
- Forge Global Holdings, Inc. (FRGE) tumbled 26.1% to $1.96 after reporting worse-than-expected fourth-quarter financial results.
- Organigram Holdings Inc. (OGI) dipped 22% to $2.08 following the announcement of the pricing of an overnight marketed public offering.
- Akili, Inc.
Stock Market Turmoil: A Day of Falls and Failures
- AKLI shares plummeted 21.2% to $0.3002 as the company received a notice of allowance for a U.S. Patent.
- Mesoblast Limited shares fell 19.4% to $3.17 following a recent surge driven by FDA news.
- X Financial tumbled 19.2% to $3.7250 after releasing disappointing fourth-quarter results.
- JOANN Inc. dropped 18.2% to $0.09 after a determination by Nasdaq led to stock suspension.
- Bit Origin Ltd fell 18.1% to $4.31 amid market turbulence.
- C3is Inc. saw a 17.4% decrease to $0.0397 despite reporting positive year-over-year financials.
- AEye, Inc. declined 14.6% to $1.34 following disappointing fourth-quarter revenue results.
- GameStop Corp. shares dropped 14.4% to $13.27 post-weaker-than-expected Q4 earnings.
- Sonida Senior Living, Inc. saw a 14% fall to $27.78 after posting fourth-quarter results.
- Nocera, Inc. dipped 13.5% to $1.15 amidst market uncertainties.
- Bowman Consulting Group Ltd. dropped 11.4% to $34.99 after a public offering of common stock at $34 per share.
- Reddit, Inc. experienced an 11.3% decline to $57.75.
- Krispy Kreme, Inc. fell 10.4% to $15.54, facing market pressures.
- Abits Group Inc. had a 10.3% decrease to $0.7001 despite a prior gain on Tuesday.
- Astera Labs, Inc. declined 8.8% to $75.99 amidst post-IPO volatility.
- XPeng Inc. saw an 8.4% drop to $7.82 amid market turbulence.
- Liquidia Corporation fell 7% to $14.81.
- NIO Inc. experienced a 5.9% decline to $4.4959 after revising its first-quarter delivery outlook.
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