Shares of MercadoLibre, Inc. MELI experienced a sharp tumble during Friday’s session on the back of the company’s fourth-quarter financial report.
MercadoLibre disclosed quarterly earnings of $3.25 per share, mirroring the results from the previous year. The company’s quarterly sales rang in at $4.26 billion, surpassing analyst predictions of $4.12 billion.
As a result, MercadoLibre shares dipped by 9.6% to $1,643.30 on Friday, reflecting the ever-changing dynamics of the stock market.
Here’s a peek at the other stocks making moves in today’s mid-day session.
Gainers
- AXT, Inc. AXTI witnessed a 74.4% surge to $3.9750 following an impressive fourth-quarter financial performance.
- Maravai LifeSciences Holdings, Inc. MRVI showcased a 60.8% leap to $8.22 after beating fourth-quarter financial expectations.
- AtlasClear Holdings, Inc. ATCH rose by a solid 48% to $1.6899.
- EZFill Holdings Inc. EZFL advanced by 44.6% to $1.8088.
- Ocean Biomedical, Inc. OCEA jumped by 42.3% to $0.7819.
- Gyre Therapeutics, Inc. GYRE saw a solid 36.2% gain to $21.79.
- Carvana Co. CVNA climbed by 31.2% to $68.77 after their latest financial results.
- Sleep Number Corporation SNBR soared by 30.5% to $14.42, buoyed by encouraging fourth-quarter financial outcomes. Wedbush, in light of the results, maintained a Neutral rating on the stock while raising the price target.
- ATN International, Inc. ATNI surged by 26% to $35.72.
- Root, Inc. ROOT benefitted from a 26% increase to $16.85 post a favorable fourth-quarter financial report. Cantor Fitzgerald even upgraded the stock from Neutral to Overweight.
- Infobird Co., Ltd IFBD observed a 25.7% gain to $3.72.
- Vroom, Inc. VRM recorded a 25.5% jump to $10.50. The company is poised to announce its fourth quarter earnings on March 13, 2024.
- ATN International, Inc. ATNI ascended by 25.4% to $35.61.
- Intuitive Machines, Inc. LUNR witnessed a strong 22.4% jump to $10.14 after the successful landing of their Odysseus spacecraft on the Moon.
- Block, Inc. SQ surged by 19.4% to $81.20 following stellar fourth-quarter sales results and growth guidance.
- Ventyx Biosciences, Inc. VTYX increased by 18.3% to $6.82.
- Universal Insurance Holdings, Inc. UVE advanced by 18.2% to $20.37 on the back of optimistic results.
- Docebo Inc. DCBO climbed by 17.7% to $53.99 following a robust quarter.
- Universal Insurance Holdings, Inc. UVE stocks rose by 17.2% to $20.20 driven by a strong quarter.
- Nextdoor Holdings, Inc. KIND soared by 16.9% to $2.0101 post the announcement of preliminary fourth-quarter results and the return of Nirav Tolia as CEO.
- Evolent Health, Inc. EVH recorded a 12.6% gain to $33.54 after surpassing fourth-quarter financial forecasts.
- Tandem Diabetes Care, Inc. TNDM rose by 12.1% to $28.02 amidst fluctuations following their fourth-quarter financial results.
- American Software, Inc. AMSWA jumped by 11.6% to $11.49 buoyed by solid quarterly performance.
- Akero Therapeutics, Inc. AKRO surged by 11% to $26.86.
- Ventyx Biosciences, Inc. VTYX climbed by 10.6% to $6.39.
- LegalZoom.com, Inc. LZ soared by 10.5% to $10.87 following a strong fourth-quarter financial report and updated FY24 revenue guidance.
- Vir Biotechnology, Inc. VIR rose by 10.3% to $11.36 post exceptional sales results.
